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Jenkins: We Can't Splash The Cash

Jenkins: We Can't Splash The Cash

Huw Jenkins says the club can't splash the cash we've received from Wigan Athletic because the payments are spread over two years.

The Latics are paying Swansea City around £2m for Roberto Martinez and the managerial staff and another £2m for striker Jason Scotland but the chairman explained why we can't spend this money on new players.

Jenkins told the Official Site:

'The money for Roberto and for Jason is spread over two seasons,'

'Everybody thinks we are just piling money up in the bank and saving it for a rainy day, but it's not like that.

'The deals we've been involved in this summer just show you the way things work in this day and age, especially with a lot of Premier League clubs.

'They are stretching themselves so much that with a lot of the deals they are trying to negotiate spread payments over one, two or three years.

'That's something we have to deal with because it's the nature of the way things are being done.'


Jenkins also added that Swansea City could also go about their business in the same way, by spreading payments for players over a number of years, but he says we will stick to within our budget and only spend the money that's currently available:

'We could do the same — that's the easy answer.

'But we don't like doing that at this club.

'Nobody knows what the next year is going to bring and at Swansea City we like to make sure any deals are covered in the budget in the year we bring them in.

'Everybody works on a never never basis in football but we try pay for things as we have them.

'We operate in a more sensible way and we are quite happy with the way we work.

'We only look to spend what is guaranteed to come in during that season.'




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Writer:VitalSwansea
Date:Thursday August 20 2009
Time: 11:17AM

Comments

0
we'll sorry, but the deals shouldn't have been done with them then, 4m isn't big money to prem teams
cyjax
20/08/2009 14:47:00
0
Business waffle, he got caught telling a lie then give a 'petty' answer, pun intended. First comment is correct also. I'm disgusted in the way Huw is risking the clubs success by gambling on succeeding without the strength and depth. A decent manager, staff member or anyone with professional football knowledge would have told him.. its clear it won't work this way and I'm off to Wigan. He's managed to get fans on his side by taking advantage of their fear in current economy. A perfect moment for him to take from the club what he thinks he rightfully deserves. The more confidence you have in something, the more you invest in it, yes its gambling, but all investments are. Huw clearly has little confidence in Swansea City and is treating the club as a corner shop. How is this suppose to inspire our players, players to join us or fans to turn up and ride out disappointing results. Its !SHOCKING! the lack of progress we had pre-season, we had time to be ship shape before the season started. Yet, we risked it, turning down needed players because of wage demands. I'm sorry, but if there was ever a time we didn't have the luxury of demanding minimal wages, this was it! Heck, we even had the money to pay the wages, so frustrating!!! I wonder how many points will be lost before we get the players we want and have them gel. Then I wonder if all those lost points will mean anything at the end of the season... I tell you know, they most certainly will, Huw has may have destroyed our season with his stubborn greed.
FlyingJackz
20/08/2009 16:23:00
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