Is the FA Cup the root of all evil?

by OWAIN THOMAS

Has this world famous trophy been responsible for bringing a pair of finalists to their financial knees in just two years?

David James seems to think so.

The ex-England and current Portsmouth goalkeeper believes the club's FA Cup win in 2008 resulted in their spectacular financial meltdown, suggesting that win resulted in bonuses being paid that could not be afforded, and a European campaign being fought that the paper-thin squad could not sustain.

Maybe that explains the near identical scenario facing Cardiff City, the team they beat two years ago.

As I wrote about earlier this year, both clubs have faced several dates in court with the tax man in an effort to reclaim unpaid debts.

Although the methods in its near downfall appear different, the economic fallout looks remarkably similar in south Wales.

For many clubs outside the Premier League, an FA Cup final appearance would be seen as a one-off event to be celebrated for what it was, to certain extents, a fluke.

However, at Cardiff, it appears the Chairman Peter Ridsdale and the board's ambitions were already out growing the club and its purse, but the day-out at Wembley may have given them all the encouragement needed to believe this was a significant glimpse of the future.

The merest hint that they could replicate the big four of Chelsea, Manchester United, Arsenal and Liverpool in their near annual trips to the home of football for one of the big finals was too much to resist.

Paying the price

Instead of continuing the general path being taken of low-budget player signings using manager Dave Jones' transfer market experience, (putting aside the huge contracts given to high profile but aging strikers Robbie Fowler and Jimmy Floyd Hasselbaink), the purse strings were loosened, including a £4m return to the club for now record transfer Michael Chopra.

Granted, a much needed new stadium was also a vast expense to be paid, but knowing that this project was in the motions, and that these things never come cheaper than advertised, a policy of financial prudence elsewhere within the club would have seemed preferable.

Sadly, this was not followed, and now Cardiff and its fans are paying the price, wondering if they will still have a team to support come next season, let alone which division they will be in.

In the end Pompey could not avoid the ignominy of becoming the first Premier League club to enter administration.

Their relegation to the Championship has since been confirmed, but Cardiff's fate still lies in their own hands.

So far, the Bluebirds have only avoided following the south coast side into administration by the skin of their teeth, but the potential of replacing Portsmouth in the top division is still too tempting to ignore.

On this occasion though, there is no possibility of reinforcements.

Barring a collapse greater than the one witnessed this time last year, Cardiff will finally make the Championship playoffs, to battle with three other sides for one last promotion spot.

Victory in a different Wembley final would take them to the Premier League “promised land”, and a certain degree of financial breathing room, if not security.

Losing out would mean another term in England's second division, and probably result in a significant sell-off of players, but maybe the avoidance of administration, although the potential of Malaysian investment still, apparently, remains a possibility.

All this shows that maybe those presently among the smaller members of the football community should learn from Icarus, and not fly too close to the sun, or their wings may fall apart.

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To add an ironic twist to this tale, Portsmouth have once again reached the FA Cup final, with reports escaping the club that some players may not be able to play in that game unless they waive contractual bonuses that would be due to them.

In this circumstance it is the administrator ensuring only that which can be afforded is spent, and the players are left with the decision – loose a bonus they probably won't get anyway, or take the opportunity to play in the final of the greatest knock-out cup competition in the world.

For once, most of the players seem to have the right idea.