Date:Thursday March 11 2010
Swansea City have announced their figures for the financial year with an increase of turnover of £3m, but an annual loss of £437,000.
And for the seventh year running, the directors refuse to take a salary out of the club, which goes to show how strongly we are financially, compared to our rivals just up the road!
Chairman Huw Jenkins, along with the rest of the hard-working and dedicated directors, have seen and experienced the troubles of the early 00's, when we struggling with debt and the potential relegation from the Football League. They've learnt from these experiences to take massive care and attention to finances and how much money we can realistically spend on wages and transfer fees.
A loss of £457,002 for the year is far from a figure to be alert of. The club is nowhere near in debt and we'll need to spend a little to boost our chances of gaining success at this level. We could potentially improve that at the end of this season with the bonus money we get from Wigan Athletic, providing our former manager Roberto Martinez manages to keep them in the Premier League.
Huw Jenkins said:
"I think the accounts show we`re running the club as we have done since we arrived,"
"If you look at the accounts over a period of time, you can see we`ve made small profits and small losses, but we`ve managed to balance the two out.
"Two important things to take into consideration is the accounts cover all expenditure from those 12 months, nothing is spread out, and that we do not include any asset value to our squad.
"It was natural turnover was going to go up going into the Championship, just as it was natural we were going to get an increase in wages going up a division.
"As always, we have tried to stick to within our income levels while staying competitive. It is a difficult job balancing the two but we`ve managed to do that over the last few years and we will be doing our best to make sure that continues."
Date:Thursday March 11 2010
The Swansea City Injury Table.. (Friday September 4 2015)
Match Analysis - Swansea City 2-1 Manchester United (Wednesday September 2 2015)
Good News - Montero Injury Nothing Serious (Sunday August 30 2015)
Rate The Players: Swansea City 2-1 Manchester United (Sunday August 30 2015)
Stats: Swansea City v Manchester United (Sunday August 30 2015)
Monk's Tactical Masterstroke Helps Swans Beat United (Sunday August 30 2015)
Dominated!? For 85 Minutes? No Chance Van Gaal! (Sunday August 30 2015)
Confirmed Line-Ups: Swansea City vs Manchester United (Sunday August 30 2015)
van Gaal Wants Revenge After Double Defeat vs Swans (Sunday August 30 2015)
Analysis: Tactical Changes & Improvements in 2015/16 (Sunday August 30 2015)
|1. Man City||4||4||0||0||10||12|
|2. Crystal Palace||4||3||0||1||3||9|
|3. Leicester City||4||2||2||0||3||8|
|5. Man Utd||4||2||1||1||1||7|
|Mori ready for the Premier League
» Everton : 04/09/2015 11:00:01
|The Aston Villa Walking Wounded - Injury Table
» Aston Villa : 04/09/2015 10:07:01
|Everton announce 25 man squad
» Everton : 04/09/2015 10:00:01
|Martin Gave Naismith A Glowing Reference
» Norwich : 04/09/2015 10:00:01
|Could It Have Been Us?
» Chelsea : 04/09/2015 09:31:01