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
Stats: Hull City v Swansea City (Saturday December 20 2014)
Bruce: We're Missing Our Big Players (Saturday December 20 2014)
Wholesale Team Changes Pay Off For Monk (Saturday December 20 2014)
Bruce: Swansea City At Home Is a 'Cup Final' (Thursday December 18 2014)
Swansea City Need To Prepare For Bony Absence (Wednesday December 17 2014)
The Good, The Bad & The Ugly - vs Spurs (Monday December 15 2014)
Pochettino: We Deserved To Beat Swansea City (Sunday December 14 2014)
Stats: Swansea City v Tottenham Hotspur (Sunday December 14 2014)
Report - Swansea City 1-2 Spurs (Sunday December 14 2014)
Monk Felt Sickened After Home Defeat vs Spurs (Sunday December 14 2014)
|Totally Deserved, says Gus Poyet
» Sunderland : 22/12/2014 01:34:00
|Pardew Will Have To Live With 4 In A Row Tab.
» Sunderland : 22/12/2014 01:12:00
|4 In A Row @NUFC
» Newcastle : 22/12/2014 00:52:00
|Sunderland Beat Newcastle Yet Again
» Sunderland : 21/12/2014 22:31:00
|Anfield Points Lost, Saved, Won And Dropped
» Arsenal : 21/12/2014 21:25:00