Football Finance
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Football Finance
Keeping up to date with the latest news of Football Finance in English clubs since 2013. Follow @JohnBeech on Twitter for the quickest updates.  YOU MAY NEED TO SCROLL DOWN ON THIS PAGE FOR THE MOST RECENT POSTING - the latest news appears directly below the tags initially.  *****  SPORTS MANAGEMENT (including FIFA and football abroad) and EVENTS MANAGEMENT (including FIFA World Cups) news items are also available at http://www.scoop.it/the-business-of-sports-managemen and http://www.scoop.it/t/the-business-of-events-management respectively; for Scottish football finance see https://www.scoop.it/topic/the-business-of-sports-management/?&tag=Scottish+football..  ******
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Cardiff City settle High Court case with insurance broker over Emiliano Sala death

Cardiff City settle High Court case with insurance broker over Emiliano Sala death | Football Finance | Scoop.it
Cardiff announced their intention to sue Miller Insurance Services LLP last year
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Cardiff City's finances laid bare as club make £29m loss amid plummeting turnover

The club continues to rely heavily on owner Vincent Tan with the future looking "much more precarious" if it lost his support
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Vincent Tan: Cardiff City owner wins High Court row with ex-club director

Vincent Tan: Cardiff City owner wins High Court row with ex-club director | Football Finance | Scoop.it
Former Cardiff City director Michael Isaac has lost his High Court battle with the football club and owner Vincent Tan.
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Vincent Tan: Cardiff City owner in High Court row with ex-club director

Vincent Tan: Cardiff City owner in High Court row with ex-club director | Football Finance | Scoop.it
Former Cardiff City director Michael Isaac is suing the club and owner Vincent Tan, claiming his shareholding has been diluted.
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Cardiff City's finances broken down as huge £23m promotion bonuses revealed and Vincent Tan erases debts

Cardiff City's finances broken down as huge £23m promotion bonuses revealed and Vincent Tan erases debts | Football Finance | Scoop.it

The key take aways from Cardiff's accounts for promotion campaign as Vincent Tan digs deep into his pockets
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Cardiff City's debt stands at £115m despite cost cutting measures

Cardiff City's debt stands at £115m despite cost cutting measures | Football Finance | Scoop.it

The Bluebirds have filed their accounts up to the end of the 2016-17 season
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Cardiff City's accounts reveal £8.7m loss as wage bill slashed to counter plummeting revenues

Cardiff City's accounts reveal £8.7m loss as wage bill slashed to counter plummeting revenues | Football Finance | Scoop.it

Wages at the club are down 17.5% from £30.84m to £25.41m
John Beech's insight:

 

More at http://www.bbc.co.uk/sport/football/39191557

 

and

 

http://www.walesonline.co.uk/sport/football/football-news/cardiff-city-accounts-explained-expert-12703275

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Vincent Tan converts £8m of debt as he tries make Cardiff City debt-free

Vincent Tan converts £8m of debt as he tries make Cardiff City debt-free | Football Finance | Scoop.it

The Cardiff City owner has pledged to make the club debt-free in five years
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Cardiff City report profit despite fall in turnover

Cardiff City report profit despite fall in turnover | Football Finance | Scoop.it
Cardiff City have returned to the black at the pre-tax level helped by owner Vincent Tan's decision to write off more than £13m owed to him, accounts published on Companies House today have revealed.
John Beech's insight:


More at http://www.bbc.co.uk/sport/football/35638926

and

http://www.walesonline.co.uk/sport/football/football-news/cardiff-city-post-first-profit-10939297

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Vincent Tan plans to make Cardiff City debt-free by 2021

Vincent Tan plans to make Cardiff City debt-free by 2021 | Football Finance | Scoop.it
Cardiff owner Vincent Tan says he will reduce the Championship club's debt by more than half in his bid to ensure it is debt-free by 2021.
John Beech's insight:


Full Tan statement at http://www.walesonline.co.uk/sport/football/football-news/full-compelling-vincent-tan-transcript-10877826

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Cardiff City fear administration if club loses impending court case

Cardiff City fear administration if club loses impending court case | Football Finance | Scoop.it
The club and Panama-registered Langston are to face off over £5.7m owed by the Bluebirds on £24m in loan notes
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Cardiff handed transfer embargo

Cardiff handed transfer embargo | Football Finance | Scoop.it
Cardiff City are placed under a transfer embargo during the January transfer window for breaching financial fair play rules.
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Cardiff issue Langston legal claim

Cardiff issue Langston legal claim | Football Finance | Scoop.it
Cardiff City lodge a counterclaim with the High Court against creditors Langston over unpaid debts.
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FIFA orders Cardiff to pay outstanding €11m for Sala; Nantes CEO arrested

FIFA orders Cardiff to pay outstanding €11m for Sala; Nantes CEO arrested | Football Finance | Scoop.it
July 3 – Cardiff City have been ordered by FIFA to make the last two payments to Nantes for the late Emiliano Sala’s transfer.
The small private plane carrying the Argentine forward to Cardiff crashed in the English Channel, killing him as well as the pilot, two days after he signed for €17 million in January 2019.
In an ongoing and ugly dispute over the transfer agreement, Cardiff have long argued Nantes must be held accountable for the tragic accident but the French club’s claim for the first €6 million of the fee was upheld by the Court of Arbitration for Sport last August, Read more …
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Cardiff City tried to insure Sala for £20m the day after his death - court

Cardiff City tried to insure Sala for £20m the day after his death - court | Football Finance | Scoop.it
High Court papers show Cardiff City sought £20m coverage for the striker the day after he died.
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Cardiff City settle legal case with former owner Sam Hammam in major boost for Bluebirds

Cardiff City settle legal case with former owner Sam Hammam in major boost for Bluebirds | Football Finance | Scoop.it

Hammam was taking £15m High Court action against Cardiff but has agreed an out of court settlement with Bluebirds owner Vincent Tan
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Former Cardiff City owner Sam Hammam launches shock £15m legal action against Bluebirds

Former Cardiff City owner Sam Hammam launches shock £15m legal action against Bluebirds | Football Finance | Scoop.it
Cardiff City stunned to be hit with High Court proceedings from their former owner and chairman. The matter is in the hands of lawyers, with current Bluebirds boss Vincent Tan vigorously contesting the action
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Cardiff City owner Vincent Tan slashes almost £70million from Bluebirds' debt

Cardiff City owner Vincent Tan slashes almost £70million from Bluebirds' debt | Football Finance | Scoop.it

Tan has converted another £66.4million into equity taking the club's overall debt down to around £50million

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CCFC Supporters Trust reveal positive money move from Vincent Tan

CCFC Supporters Trust reveal positive money move from Vincent Tan | Football Finance | Scoop.it

Fans' group reveals positive news from their Malaysian backer
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Mustachioed Malaysian Millionaire Said to Sell Soccer Stakes

Mustachioed Malaysian Millionaire Said to Sell Soccer Stakes | Football Finance | Scoop.it
Embattled soccer owner Vincent Tan is throwing in the towel. The Malaysian businessman is selling the one-time Premier League team Cardiff City and his stake in Major League Soccer’s Los Angeles FC, as well as professional teams in Bosnia and Belgium, according to people familiar with the offerings.
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Vincent Tan: Owner not 'asset stripping' Cardiff City says chairman

Vincent Tan: Owner not 'asset stripping' Cardiff City says chairman | Football Finance | Scoop.it
Cardiff City chairman Mehmet Dalman dismisses suggestions owner Vincent Tan is "asset stripping" and losing interest in the club.
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Cardiff City owner Tan reveals Russell Slade does NOT need to make play-offs

Cardiff City owner Tan reveals Russell Slade does NOT need to make play-offs | Football Finance | Scoop.it
The Bluebirds owner has also called for a wage cap to be introduced in the Championship and Premier League
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Cardiff City settle historic Langston debt

Cardiff City settle historic Langston debt | Football Finance | Scoop.it
Cardiff City will pay Langston in the region of £5m within 30 days as it emerges Langston is a company run and owned by Sam Hammam
John Beech's insight:


More at http://www.walesonline.co.uk/sport/football/football-news/inside-story-how-cardiff-city-10821125

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Cardiff City FC set for another High Court battle with former owner Sam Hammam

Cardiff City FC set for another High Court battle with former owner Sam Hammam | Football Finance | Scoop.it
Hammam and Bluebirds in fresh legal dispute as thorny issue of Langston loan notes rears its head once more with court case pending on Tuesday
John Beech's insight:


Background at http://www.walesonline.co.uk/sport/football/football-news/cardiff-citys-battle-langston-threat-10791371

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Cardiff City owner Vincent Tan adds Belgian Pro League club KV Kortrijk to his growing football empire

Cardiff City owner Vincent Tan adds Belgian Pro League club KV Kortrijk to his growing football empire | Football Finance | Scoop.it
Chairman Joseph Allijns welcomed the deal on Tuesday, saying : “This is good news for KV Kortrijk. This afternoon the deal is finalised."
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