Sports: Cardiff reveal £12million further losses #WilkeyPerkinsBlog
Cardiff have announced annual losses of £12million to take the club's total debt to £174million.
The club's latest figures, lodged with Companies House, cover the year ending May 2014 which saw Cardiff relegated from the Barclays Premier League after only one season.
Revenue in the top flight increased to £79.9million - courtesy mainly to £63.9million of broadcast payments - but the accounts show £45million was spent on transfers and £46.7million on wages. continue...
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