Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Cardiff criticise Mackay for transfer loss

14 February 2014, 08:33

London - Cardiff City strongly criticised their former boss Malky Mackay's transfer dealings on Thursday, accusing his management team of being "imprudent and careless" and losing the club millions of pounds.

Cardiff's chief executive Simon Lim issued a strongly-worded statement regarding the Premier League club's transfer business that was at the heart of the breakdown between Mackay and owner Vincent Tan.

Lim criticised Mackay, who was sacked seven weeks ago having steered Cardiff back to the top flight after a 51-year absence, saying the club lost "in excess of 8.5 million pounds ($14.14 million)" on the sale of striker Andreas Cornelius.

He added: "key shareholders" believed the loss was due to "imprudent and careless management" by the then management.

Cornelius, a 20-year-old Denmark international striker, was signed from FC Copenhagen in June 2013 but after an injury-plagued few months in which he played only 11 times and did not score, he was sold back to his former club for an undisclosed fee.

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

Most unfortunate

The League Managers Association was quick to issue a statement on Mackay's behalf, saying that no manager went out and "signed" players themselves.

Richard Bevan, the LMA's chief executive, said: "It is most unfortunate that Mr Lim has chosen to speak out in this way.

"Mr Lim is aware that there is a legal process under way between Malky Mackay and Cardiff City and it is inappropriate for either party to be making public statements of this nature at this time.

"Given that Mr Lim has spoken out against Malky Mackay in relation to the acquisition of a player, however, it is only right that the record is put straight.

"This is the same Mr Lim to whom, under the specific and express terms of Malky Mackay's contract of employment with Cardiff City, Malky was obliged to report in respect of all matters pertaining to the transfer of players.

"All football clubs at the elite level have systems in place for corporate governance. Cardiff City is no exception. A manager, even in the Premier League, does not go out and "sign" players.

"All recommendations go to his CEO and board, essentially the chief executive on the board's behalf - deals with all financial arrangements to finalise any signings."

Cardiff appointed Ole Gunnar Solskjaer as Mackay's replacement on Jan. 2 and signed Kenwyne Jones, Fabio da Silva, Mats Moeller Daehli, Jo Inge Berget, Magnus Wolff Eikrem and Juan Cala on a permanent basis with Wilfried Zaha joining on loan from Manchester United.

Yet results have not improved and Cardiff are currently 19th in the 20-team Premier League, two points above bottom club Fulham. 

- Reuters


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Submitted by
Victor Tinto
Man who attacked US Embassy a 24 ...

A man who attacked the US Embassy in Nairobi was a 24 year old from Wajir County. Read more...

Submitted by
Victor Tinto
US Embassy to remain closed Frida...

The US Embassy in Nairobi will remain closed Friday following a terror attack on it Thursday. Read more...

Submitted by
Victor Tinto
Leave ODM if you are unhappy, Rai...

Leave ODM if you are not happy, Raila Odinga tells Senator. Read more...

Submitted by
Victor Tinto
Former Assistant Minister joins J...

A former Assistant Minister has quit PNU and joined the Jubilee Party. Read more...

Submitted by
Victor Tinto
DP Ruto intervenes as Kerio Valle...

DP William Ruto will visit Kerio Valley to try solve never-ending clashes between local residents. Read more...

Submitted by
Wilson Ochieng
ODM MP chased down by angry Kibra...

Kibra MP Ken Okoth had a hard time in his constituency after angry youth pelted him with stones. Read more...