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.

Louis van Gaal calls Mourinho’s United “far more boring”

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Louis Van Gaal has picked just the right time to pipe up.

The former Manchester United manager, who took flak while in charge for his side being hideous to watch, has now taken shots of his own at his successor Jose Mourinho, kicking Manchester United while they’re down after a 2-1 derby defeat at home.

The Dutchman told Fox Sports Netherlands, “If you ask me how did I do at United, I will say it was my best year ever, given the circumstances I was working under. We played football that was quite alright. But it’s not football that is appreciated in England. And yet, right now, looking at United, I have to conclude Mourinho is not being criticized while it’s far more boring football.”

[ PREVIEW: Premier League Tuesday matches, including Chelsea vs. Huddersfield ]

Van Gaal was blasted consistently for playing a boring style, especially in front of the home crowd, and now Mourinho is being criticized for the same concept. Mourinho was denounced for similar reasons while in charge of Chelsea, but with the club winning multiple titles under his leadership, the noise was always less while the team was winning. With Manchester United still unable to crack the top 4, Mourinho is feeling the heat.

“What United produce now is defensive football,” van Gaal said. “I always played attacking football. The proof is that the opposition were always parking the bus. They don’t do that now because Jose Mourinho plays so defensive.”

To van Gaal’s point, Manchester United is seventh in the Premier League in possession, holding 51% possession this season. They were out-possessed by Manchester City 65-35 at Old Trafford over the weekend. Meanwhile, van Gaal’s last full season with Manchester United, the 2015/16 season, saw the Red Devils hold 54%, which ranked third in the Premier League, just a percentage point behind leaders Arsenal. However, van Gaal’s United ranked 15th in the Premier League in total shots, while Mourinho’s United this season ranks sixth at this point.

Van Gaal made sure to point out he prefers their cross-town rivals.

“I would rather watch City play than United. You need quality in a squad and it’s clear City have a better squad.”

Conte blames fatigue for dip in Chelsea form

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Antonio Conte has figured out what is plaguing his Chelsea side as they sit 14 points back of Premier League leaders Manchester City.

“I think when you play every three days, it is impossible to have a training session and to work on the physical aspects,” Conte said in his pre-match press conference as the Blues get set to play Huddersfield Town on Tuesday. “It’s impossible. It’s impossible because you have to prepare with the players for a game every three days.”

Chelsea has yet to find itself eliminated from a single competition, drawn against Barcelona in the Champions League while navigating fixtures across all four competitions.

And yet, this is nothing new for Conte. The Blues boss is more than familiar with fixture congestion, having taken charge of Juventus and regularly competing at a high level on multiple fronts. In 2012/13, he won the Serie A title, won the Supercoppa Italia, and reached the quarterfinals of the Champions League.

However, this is new for Conte at Chelsea. Last season, the Blues did not take part in a European competition thanks to their disastrous season the previous year. While they reached the FA Cup final, they were knocked out of the EFL Cup in the 4th round.

“We have to try to do our best,” Conte said. “For sure, some players can be tired, that’s normal because some players are playing from this summer and our tours in China and Singapore. It’s normal. But I repeat we have to find the best solution. We have to find more rotations. I’m doing this, we will try and do our best with hunger and desire. We will fight.”

As an example, Conte said Alvaro Morata will miss the match on Tuesday against Huddersfield Town due to fatigue, with the Spaniard battling a slight back injury. “Morata is out. He is a bit tired and he has a problem in his back.

PL Preview: Three Tuesday fixtures including Chelsea visit to Huddersfield

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As the holiday season nears, the Premier League begins to ramp up. While that can be hard on Premier League managers, it’s great for you, the fan, who now has plenty of options to choose from as you make your way through the work week.

[ PL SCHEDULE: Where to watch all midweek Premier League games ]


Burnley vs. Stoke City – 2:45 p.m. ET, on NBC Sports Gold

If Burnley defeats Stoke City on Tuesday, the Clarets would jump Tottenham, Arsenal, and Liverpool en route to a place in the Premier League table’s Top 4. Just pause for a moment and soak that in.

Better?

That’s right, Sean Dyche has his Burnley side on a roll, having won five of its last seven matches. In games where they were earning draws last year, they’re picking up all three points this year. Meanwhile, they face a Potters group that sits just three points above the relegation zone, meaning the heat has turned up on Mark Hughes. What is in store for us at Turf Moor?

INJURIES: Burnley – Tom Heaton (shoulder), Robbie Brady (knee), Jonathan Walters (knee) | Stoke City – Jese (personal leave), Glen Johnson (knee), Bruno Martins Indi (shoulder), Stephen Ireland (leg).


Huddersfield vs. Chelsea – 3:00 p.m. ET, on NBCSN and NBCSports.com

Antonio Conte, in charge of the defending champions, is suddenly on the hot seat. Already 14 points back of leaders and expected winners Manchester City, the Blues are sitting a distant third in the table.

A trip to Huddersfield could be exactly what the doctor ordered. The Terriers started the season well, but had lost four Premier League matches in a row before a 2-0 victory over Brighton turned things around.

Conte has already ruled Chelsea out of the title, with the Blues now fighting for a Champions League place. Can the boss take advantage of the poor opposition form? He will be without star striker Alvaro Morata who is dealing with both back problems and general fatigue, with Conte calling his schedule “impossible.”

INJURIES: HuddersfieldMichael Hefele (Achillies), Philip Billing (ankle), Jon Stankovic (knee), Kasey Palmer (ineligible – parent club) | Chelsea – Alvaro Morata (back), David Luiz (knee).


Crystal Palace vs. Watford – 3:00 p.m. ET, on NBC Sports Gold

The Eagles hav a chance to pull themselves not only off the bottom of the Premier League table, but out of the relegation zone completely when they host Watford at Selhurst Park. Crystal Palace sits a point back of Swansea City on the bottom, but with somewhat improved performances under Roy Hodgson, three points would climb them completely out of the drop.

Nevertheless, it remains to be seen how Hodgson balances a desperate need to collect points with discipline of his struggling striker Christian Benteke, who remains goalless on the year after missing a critical penalty he wasn’t supposed to take in the 2-2 draw with Bournemouth over the weekend.

Watford, meanwhile, is without a win in its last three and desperately needs a result. The Hornets sit ninth in the Premier League table but could see their advantage over the bottom half evaporate with another loss.

INJURIES: Crystal Palace – Mamadou Sakho (calf), Joel Ward, Damien Delaney, Connor Wickham (knee) | Watford – Will Hughes (hamstring), Isaac Success (knee), Nathan Chalobah (knee), Younes Kaboul (hamstring), Craig Cathcart (knee)

Report: FA to open inquiry on Man United-Man City tunnel incident

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The FA is looking into what exactly happened in the minutes after the final whistle at Old Trafford on Sunday afternoon.

According to multiple reports in England, an altercation took place in the area outside the dressing rooms as Manchester United manager Jose Mourinho was not particularly happy with the way Manchester City players were celebrating their 2-1 victory. According to the Telegraph, Mourinho went to the visitors dressing room and asked the players to show more respect to the hosts.

[MORE: Prince-Wright’s Premier League picks]

Mourinho then reportedly ended up with a milk carton and water thrown at him while Manchester City assistant Mikel Arteta suffered a cut to his head.

Now the FA is looking into the situation and has reportedly asked Man United and Man City to submit their version of the events, as the altercation did not make it into referee Michael Oliver’s post-match report.