Date:Wednesday April 23 2008
Swansea City chairman Huw Jenkins and the club have announced an annual loss of £647,313 over the course of the year.
Financially the club were at a stronger position in May of last year announcing a profit margin of £447,793. It is not clear weather the club will have to under take a period of cost cutting but Jenkins has insisted that the club will be more than able to compete in the Championship despite the revenue shortfall.
It is widely thought that Swansea City will earn up to £2 Million in the jump in revenue from new sponsorship deals , Hospitality packages and money from the pooled broadcast fund, next season.
Season Ticket sales look set to rise from the 8000 or so holders now as fans flock to get their seats for next season and with the likes of Derby County , Norwich City and Charlton Athletic gracing the Liberty Stadium next season, club officials will see gate revenue rise.
Despite the fiscal loss Jenkins has been quick to highlight the club are solvent and the club are well managed.
Jenkins told the SWEP:
|“'Every penny was put back into the club, and that's the way it will always be under this board of directors.”|
'We had our least successful season in recent years in the year leading up to May 31, 2007, when further investment was made in our training facilities and playing squad and we also changed our manager. I would say it's a remarkable achievement to make the loss we did.'
'We are a well-run club and, unlike many clubs in the division we're going into, we are in a stable financial position. This club operates in the black continuously and, while there will always be swings and variations from season to season; we will continue to run it along those lines.” We will continue to work within our budgets and we will have to be judged on our results, we have a wonderful young manager and we don't have debts hanging around our neck.'
Date:Wednesday April 23 2008
Sigurdsson Stars In 4-0 Win At Plymouth (Sunday July 27 2014)
Britton & Emnes Set To Miss Season Opener (Sunday July 27 2014)
How Swansea City's Squad Is Shaping Up (Thursday July 24 2014)
Pozuelo Joins Rayo Vallecano (Thursday July 24 2014)
Sigurdsson Signs 4-Year Deal At Swansea City (Wednesday July 23 2014)
Vorm & Davies Joins Spurs,Swans Wait on Sigurdsson (Wednesday July 23 2014)
Swansea City Are Becoming a Selling Club!? (Tuesday July 22 2014)
£5m & Sigurdsson For Spurs-bound Davies & Vorm (Tuesday July 22 2014)
92% of Fans Want 3 New Signings or More (Monday July 21 2014)
Draw & Defeat In USA Friendlies (Sunday July 20 2014)
|20. West Ham||0||0||0||0||0||0|
|And Slowly They Arrive Back
» Chelsea : 28/07/2014 17:32:00
|Granero Joins Real Sociedad
» Q.P.R. : 28/07/2014 17:20:00
|Moyes Linked with Hammers Job!
» West Ham : 28/07/2014 17:10:00
|Could Hooper be the Man?
» West Ham : 28/07/2014 17:04:00
|Hammers Show Campbell Interest!
» West Ham : 28/07/2014 16:55:00