SM
Watford vs. Oxford Utd: 7 hrs 9 mins
Upcoming predictions and previews

Cardiff City reveal £8.5m Andreas Cornelius loss

:Headline: Cardiff City reveal £8.5m Andreas Cornelius loss: ID:137758: from db_amp
Simon Lim reveals that the loss Cardiff City made on Andreas Cornelius's swift return to Copenhagen was in excess of £8.5m.

Cardiff City chief executive Simon Lim has revealed that the club made at least an £8.5m loss from the summer signing of Andreas Cornelius.

Cornelius was signed by Cardiff for £10m, but returned to his former club Copenhagen in the very next window having played just eight times in the Premier League.

Lim has now confirmed that after the transfer fee, wages and payments to agents the club lost in excess of £8.5m from the deal in total, but decided that the saving on wages in the long-term would benefit the club.

"There has been a lot of press speculation on the loss incurred by the club due to sales," Lim said in a statement on the club's website. "This unfortunately is true. We took the hard decision to incur these losses for the good of the club.

"To commit the club to a significant cost and liability over a five-year contract for one player is not prudent, especially as he was not to contribute to our success now, but was for the future.

"Indeed, in the case of Andreas Cornelius, who cost the club in total just under £10 million, we realise a large loss in excess of £8.5 million, inclusive of transfer fees, salaries, business and compensation paid to player's agents and other miscellaneous expenses."

Cardiff are currently in the Premier League drop zone.

amp_article__137758 : Database Data restored...  : 
last updated article - 2014-02-13 17:37:59:
html db last update - 2014-02-13 17:37:59 :

ex - 7200 : read : read cache amp html

Click here for more stories about Simon Lim

Click here for more stories about Cardiff City

Share this article now:
Recommended Next on SM
Premier League Table
TeamPWDLFAGDPTS
1Sunderland149322391430
2Sheffield UnitedSheff Utd149321871128
3Leeds UnitedLeeds147522291326
4Burnley146621761124
5West Bromwich AlbionWest Brom14572148622
6Millwall146441712522
7Watford147162222022
8Middlesbrough146351816221
9Swansea CitySwansea14545119219
10Blackburn RoversBlackburn145451616019
11Bristol City144731819-119
12Norwich CityNorwich144642320318
13Derby CountyDerby145361818018
14Stoke CityStoke145361718-118
15Sheffield WednesdaySheff Weds145361724-718
16Oxford UnitedOxford Utd144551717017
17Coventry CityCoventry144371819-115
18Hull City143651518-315
19Luton TownLuton144371621-515
20Preston North EndPreston143651420-615
21Cardiff CityCardiff144371320-715
22Plymouth ArgylePlymouth144371425-1115
23Queens Park RangersQPR141761223-1110
24Portsmouth141671327-149
Scroll for more - Tap for full version


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
AL
Sign up for our FREE daily preview newsletter direct to your inbox!

Loading ...

Failed to load data.



. . . . . . . . . . . . . . .