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
Fernandez: I Hope To Be Here For a Long Time (Wednesday October 22 2014)
Poll: Referee Got Stoke Penalty Decision Wrong (Wednesday October 22 2014)
Rate The Players: Stoke City 2-1 Swansea City (Monday October 20 2014)
Report - Stoke City 2-1 Swansea City (Sunday October 19 2014)
Stats: Stoke City v Swansea City (Sunday October 19 2014)
Hughes: Monk's Cheat Views Are Unacceptable (Sunday October 19 2014)
Monk: Penalty Decision Was 'Disgusting' (Sunday October 19 2014)
Line Ups & Updates: Stoke City 2-1 Swansea City (Sunday October 19 2014)
Monk Hopes For Repeat Performance at Stoke (Friday October 17 2014)
Amat Hopes To Return In 2 Weeks (Monday October 13 2014)
|6. Man Utd||8||3||3||2||3||12|
|11. Hull City||8||2||4||2||0||10|
|OSC Lille V Everton Match Preview
» Everton : 23/10/2014 06:02:00
|Now! That First Penalty Against Maribor!
» Chelsea : 23/10/2014 02:00:00
|Could the Improbable Happen?
» Chelsea : 23/10/2014 01:00:00
|Isn't It The Sign Of A Great Team?
» Arsenal : 23/10/2014 00:45:00
» Chelsea : 22/10/2014 22:23:00