#championship-relegation

#championship-relegation

Cardiff's turnover increased 2.6m to 25.8m, but their wage bill increased to 29.1m during the last campaign although the accounts confirm most of the squad did include relegation clauses. The 35.1m overall loss is a jump of 23m, although last year's finances were boosted by the sale of a percentage of any successful damages gained in their court action with French club Nantes.

"Gary joined during a challenging period and deserves immense credit for the hard work and leadership that saw us retain our Championship status last season. However, following a disappointing run of results, we have had to take this difficult decision in the best interests of the club. On behalf of the board, I would like to place on record our thanks to Gary and Mark for their contribution to the club and to wish them all the best for the future."