Date:Thursday August 20 2009
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.'
Date:Thursday August 20 2009
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