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Cardiff On The Brink: Debts Hit £147 Million

Cardiff City are on the brink of administration.

Cardiff City could be docked points before the end of the current campaign, with their latest financial reports suggesting they are on the verge of administration.

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Incredibly, the Welsh side lost almost £12 million last year. The loss is despite seeing their income vastly increase during their brief stay in the Premier League, with revenues jumping from £14.5 million to £79.9 million.

The club is now £147 million in debt – most of which is owed to majority shareholder Vincent Tan.

It’s a piece of news which is sure to further strain the relationship between the controversial owner and Cardiff’s fans.

A total of £129.7 million is due within the year, and with the side well off the pace in the Championship, it is difficult to see where the money will come from.

Vincent Tan is yet to comment.

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