Cardiff City Chief Exec David Temme spoke out to allay fans fears:
"There is a danger of looking at these figures in isolation. There is no need for anyone to panic. The financial situation at Cardiff is very good.
"Our turnover in 1997-98 was £1.5m a year. In 2001-02 it was £6.3m - that's a 305 per cent growth in five years.
"Deloitte & Touche value our playing squad at £4.9m and that puts us in the big league. Out of the 92 clubs we're 23rd on that front."
Western Mail report here.