Promotion-winning season saw Cardiff City absorb $47 million loss

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En route to winning last year’s Championship, Cardiff City lost just over $47 million, the club’s accounts reveal. The total brings the club’s current debt to over $194 million, though the team’s place in the Premier League along with a mechanism to convert debt to shares are expected to improve the team’s financial outlook.

According club chairman Mehmet Dahlman, a place in the first division means last year’s spending can be offset by this year’s income, with the increased revenues associated with Cardiff’s Premier League status set to eliminate the club’s $194-million hole.

“If we remain in the Premier League, debt will not exist and profit will begin to accumulate,” the chairman told Welsh radio (according to the BBC), “which means better players, better football and so on.”

A big part of eliminating that debt will be current owner Vincent Tan’s willingness to accept shares in lieu of cash for investments made in the club.

“We want to get rid of the debt by converting to equity,” Dahlman said of the current $108.7 million owned Tan. Since taking over the club in 2010, Tan has put over $247 million into the team, an investment he’s willing to forgive to increase his share in the team.

“[Taking equity] means Vincent Tan will own this club 98%. And it will have no debt.”

Among the more interesting aspects of the BBC’s report are comments from Keith Morgan, an accountant who sits on the board of Cardiff’s supporters trust. Underscoring the gravity of the team’s increasing debt, Morgan concedes the situation will be fine provided Tan is willing to accept shares instead of cash. If, however, that promise doesn’t persist, “we’re knackered,” Morgan says.

In that way, Cardiff’s situation is not unlike Chelsea’s previous states, with the London club having periodically been indebted to their own owner, Roman Abramovich. Those debts, forgiven in 2007 ($1.37 billion in debt turned into equity), have never come back to haunt the Blues, who have grown into one of the world’s most affluent clubs under their owner.

On a smaller scale, Tan has had similar effects as Abramovich, the latest financial reports showing how crucial the Malaysian businessman’s investment was to securing the Bluebirds’ place in the Premier League (increasing payroll by 45 percent last season). If, however, the club ceases to provide a return on his investment — if they get relegated back to the second division — will these debts come back to haunt Cardiff City? Or will Tan seek to flip his investment before making good on his promise, saddling whomever takes his place with an obligation to the former owner?

Until that obligation is converted into shares, there’s always going to be a doubt, but while Tan remains true to his word, the much-maligned owner continues to fuel the club. Saving the team from a perpetual state of near-administration, Tan has spent to get the club to the top-level. And if the club’s management is correct, that investment will be rewarded with increased equity in a team whose value will grow with every year in the Premier League.

CCL wrap: FC Dallas disappoints; Club America struts (video)

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The CONCACAF Champions League returned Tuesday with Toronto FC’s 2-0 quarterfinal first leg win in Colorado, and a trio of ties began Wednesday across Panama, Costa Rica, and Honduras.

[ WATCH: Fred’s vicious free kick ]

Tauro 1-0 FC Dallas

Veteran striker Edwin Aguilar scored a big goal, and goalkeeper Oscar McFarlane did plenty of good things as the Panamanian side struck a wild first blow against its MLS visitors.

Here’s a random fact underscoring how remarkable of a failure this would be for FC Dallas: Only six of Tauro’s roster members have their own Wikipedia page.

Deportivo Saprissa 1-5 Club America

Cecilio Dominguez and Mateus Uribe each bagged a brace, and Renato Ibarra also scored as the tournament’s top team sauntered into and out of Costa Rica on Wednesday. Club America has been to seven CCL finals, and one every single one.

Motagua vs. Club Tijuana — 10 a.m. ET

Honduran hosts hope to have a leg to stand on — pun intended — once the tie heads to Mexico.

West Ham to friendly neighbors Dag & Red: “Will help save our club”

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English Conference Premier side Dagenham and Redbridge has seen better days, and is getting a hand from a Premier League pal.

[ WATCH: Fred’s vicious free kick ]

West Ham United will pay a visit to Dag & Red as part of the latter’s #SaveTheDaggers campaign, and the March 21 date will cost fans between $7 and $21 to see a top flight side at 6,000-seat Victoria Road.

Dagenham and Redbridge chairman Paul Gwinn said, “It really will help save our club.”

“So please come on down to the Chigwell Construction Stadium for an additional night of football. Bring a friend, or two, or more and we can use the gate takings to help get us back on track,” reads a press release.

Dag & Red was founded in 1992 and climbed as high as League One in 2011, and plays just 2.5 miles from West Ham United’s training ground. Newcastle’s Matt Ritchie and Dwight Gayle are among Dag & Red alums in the Premier League.

It’s a terrific gesture from West Ham, and is even more impressive in the United States where the growing club game is increasingly cutthroat (especially between non-synced leagues).

Angry Di Francesco extremely quotable after Roma loss

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AS Roma manager Eusebio Di Francesco absolutely roasted his charges after i Lupi tossed aside a Cenzig Under-inspired lead to fall 2-1 at Shakhtar Donetsk in the first leg of their UEFA Champions League Round of 16 tie on Wednesday.

Di Francesco had praise for Edin Dzeko, who assisted Under’s goal, as well as goalkeeper Alisson, but was mostly enraged by his side.

[ MORE: Recap + Fred’s vicious free kick ]

Rather than construct a narrative, we’re going to point out our five favorite selections from Di Francesco’s post-match talk.

4) “The difference was that in the first half we tried to hurt them while in the second we were looking to hold on – to what? I don’t know.”

— “To what? I don’t know” is hilarious. Di Francesco’s side has posted some serious wins this season, including killing off Chelsea 3-0 at home and coming back from 2-0 to draw the Blues at Stamford Bridge. He doesn’t preach sitting back.

3) “There were far too many schoolboy errors – even by players with a wealth of international experience.”

— Schoolboy errors!

2) “I saw two completely different teams out there today. There were lots of players I should have taken off after we conceded the first goal.”

— Again, one mistake by a number of players on Facundo Ferreyra is enough for Di Francesco. He’s not just happy to be here.

1) “I can’t imagine we’d get arrogant just because we’re winning an important game. It’s not as if Roma are used to reaching the final every year.”

— When you’re willing to essentially rip an entire club’s history — Roma’s been to just two UCL quarterfinals since losing the final to Liverpool in 1984 — you’re putting your footprints in new cement.

Europa League preview: Rating every second leg

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Christian Pulisic and Borussia Dortmund are one of many teams with their UEFA Europa League fates realistically in the balance come Thursday’s second legs of the Round of 32.

[ MORE: Sevilla 0-1 Man Utd | Mourinho reacts ]

Aside from a sextet of big teams posting blowouts, there’s still hope for the Round of 16 and a step closer to an automatic berth in the 2018-19 UEFA Champions League.

Basically done

Atletico Madrid 4-1 Copenhagen — 1 p.m. ET
Sporting Lisbon 3-1 Astana — 1 p.m. ET
Arsenal 3-0 Ostersund — 3:05 p.m. ET
Milan 3-0 Ludogorets Razgrad — 3:05 p.m. ET
Athletic Bilbao 3-1 Spartak Moscow — 3:05 p.m. ET
Braga 0-3 Marseille — 3:05 p.m. ET

In four of these cases, the heavy favorites emerged with multiple goal leads and at least three away goals.

Actually done

CSKA Moscow beat Red Star Belgrade 1-0 on Wednesday to win 1-0 on aggregate.

Unlikely, but big club lurks

RB Leipzig 3-1 Napoli — 1 p.m. ET
Villarreal 1-3 Lyon — 1 p.m. ET

In the case of Napoli, their 3-1 home loss to Leipzig was stunning but it’s impossible to rule out a club with such firepower. Villarreal trails by two to Lyon, but is home and dangerous.

Advantage one side, but anyone’s guess

Lokomotiv Moscow 3-2 Nice — 11 a.m. ET
Lazio 0-1 FCSB — 1 p.m. ET
Zenit Saint-Petersburg 0-1 Celtic — 1 p.m. ET
Red Bull Salzburg 2-2 Real Sociedad — 3:05 p.m. ET
Atalanta 2-3 Borussia Dortmund — 3:05 p.m. ET

Salzburg’s two away goals in a draw feels like a one-goal lead, and the one-goal matches are especially interesting. In the case of Atalanta, 1-0 to the Serie A side could undo Michy Batshuayi‘s first leg heroics for BVB.

Wide open

Plzen 1-1 Partizan Belgrade — 1 p.m. ET
Dynamo Kyiv 1-1 AEK Athens — 1 p.m. ET

Yes, nil-nil will get it done for the hosts, but there wasn’t a 0-0 in the entire group of first legs.