UK time is: 12:09:56
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

Swansea Set For Financial Injection

After securing promotion to the second tier of British Football for the first time in 24 years Swansea City are about to see a hugely significant rise in income in the coming 12 months.

Whilst a measly sum of 25,000 will be paid in prize money to the club when the club wins the league, television and cooperate hospitality revenues will make up a vast chunk of the funds coming into the Swansea City coffers next season. Estimations have been given that the club could be set to earn in the region of 1.5 million from the pooled television fund alone. Season ticket sales will be set to rise with many new applications for a permanent seat at the Liberty Stadium likely to be made for the 2008/09 season.

Swansea City Chairman Huw Jenkins has however warned that the club will take a conservative approach in any dealings and will not waste valuable funds in the aim of consolidating the clubs position in the Championship next season. The businessman has also drawn attention to the challenges the club face in competing in the second tier of the British game.

Revelling that there will be a significant rise in player wages money at the club will have to be spend wisely. Keen to stress the importance of getting in players at the right price Jenkins has reiterated the desire for the club to live within its means and not spend heavily in the transfer market.

Jenkins told the SWEP:

'There's going to be a lot more money coming into the club you've got to remember there's also going to be an increased budget. These things go hand in hand. Our income will go up significantly, but you have to remember that every player we have will get an increase in wages in the Championship, and any player we look to bring in will cost that much more than they would have done in League One.'

A lot of clubs have made mistakes trying to meet the financial demands of the Championship. We won't be doing that,' Jenkins added.

We will continue to spend money as we earn it and we won't take on things we can't afford. We recognise it will be a different challenge for us and that it's going to be hard. But not many of the clubs in the Championship have a board of directors made up of people who followed their club throughout their lives, who are prepared to work tirelessly to make sure the club succeeds.

'With that and a manager like Roberto (Martinez) in place, we have got a pretty strong backbone in place to take the club forward. We may not compete by paying huge transfer fees or being big spenders, but we're confident we can find players who are hungry to take the club forward.''


Swansea City reserves beat Forest Green Rovers Reserves 1-0 last night with the winning goal scored by Shaun MacDonald..





All works protected by UK copy write.





Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!

The Journalist

Writer: sbrjack Mail feedback, articles or suggestions

Date:Thursday April 17 2008

Time: 9:16AM

Your Comments

its good to hear caution coming from a football club, but i feel we may have to spend a bit, you know what they say, speculate to accumulate!!lets hope roberto has the same success in the market as he did this season
tubejack
Lets be careful though. Our squad we have at present will be good enough to keep us up, bring in what we need to inject some new blood, especially in defence and then see how we get on. I don't ever want this club back in the financial mess it was in the mid 90's.
welshboy78
lets be careful
mumblesjack98
 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Swansea City Articles

Archived Swansea City Articles

List All Vital Swansea City Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

League Results (view all)

Latest Results

League Table (view table)

Team P W D L GD Pts
14. Southampton 0 0 0 0 0 0
15. Spurs 0 0 0 0 0 0
16. Stoke 0 0 0 0 0 0
17. Sunderland 0 0 0 0 0 0
18. Swansea 0 0 0 0 0 0
19. WBA 0 0 0 0 0 0
20. West Ham 0 0 0 0 0 0

Breaking League News

Dutchman Linked to United Again!
Man Utd : 26/07/2014 12:08:00
Hammers Linked with Portuguese Striker
West Ham : 26/07/2014 12:03:00
Linked to Real Madrid?
Chelsea : 26/07/2014 11:39:00
Accy Backy!
Burnley : 26/07/2014 11:23:00
Van Aanholt Joins Sunderland
Chelsea : 26/07/2014 11:13:00

Current Site Poll (view all polls)

Would you like to see the return of Gylfi Sigurdsson?
Suggested By:  
Yes 93%
No 7%