Vital Football

Latest Swansea City News

£3m More Turnover But £437,000 Loss

£3m More Turnover But £437,000 Loss

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."



Click here to join in the debate on the club forum.

Writer:VitalSwansea
Date:Thursday March 11 2010
Time: 7:45PM

Login to post a comment

Recent Swansea City Articles

Swansea City FC Walking Wounded - Injury Table

Our weekly update looking at the injury table for Swansea City FC and also comparing with all our competitors in the Premier League.

Tactical Match Analysis: Swansea City 2-0 Leicester City

Detailed tactical match analysis as Swansea City get another vital win under Paul Clement against fellow relegation rivals Leicester City.

Leighton James Says 'Get Sigurdsson Off Corners'

Former Swansea City winger Leighton James believes that Swansea City should add some variety to their corners

Does Possession Mean For Everything? (14/2/17)

Control of the ball or simply hit on the counter attack having soaked up pressure - it's an age old debate in football and a club's style for many is sacrosanct.

Archived Vital Swansea City Articles

Vital Swansea City articles from

Site Journalists

VitalSwansea
Editor email
Profile

Current Poll (see more polls)

Vote for your man of the match vs Leicester
Suggested By:
Fabianski3%
Naughton1%
Mawson63%
Fernandez1%
Olsson3%
Cork6%
Carroll5%
Fer9%
Dyer2%
Sigurdsson3%
Llorente1%
Routledge3%
ScoopDragon Premier League Network Sites

League Table

# Team P W D L Pts. GD
1 Chelsea 25 19 3 3 60 34
2 Man City 25 16 4 5 52 22
3 Spurs 25 14 8 3 50 28
4 Arsenal 25 15 5 5 50 26
5 Liverpool 25 14 7 4 49 24
6 Man Utd 25 13 9 3 48 17
7 Everton 25 11 8 6 41 13
8 WBA 25 10 7 8 37 3
9 Stoke 25 8 8 9 32 -6
10 West Ham 25 9 5 11 32 -9
11 Southampton 25 8 6 11 30 -3
12 Burnley 25 9 3 13 30 -9
13 Watford 25 8 6 11 30 -13
14 AFC Bournemouth 25 7 5 13 26 -14
15 Swansea 25 7 3 15 24 -23
16 Middlesbrough 25 4 10 11 22 -8
17 Leicester City 25 5 6 14 21 -19
18 Hull City 25 5 5 15 20 -27
19 Crystal Palace 25 5 4 16 19 -14
20 Sunderland 25 5 4 16 19 -22
Write for Vital Football
Latest F1 News
Latest Vital Boxing News
The Vital Football Members League

Recent Swansea City Results (view all)

Swansea City Fixtures (view all)

Feb 25 2017 3:00PM : Chelsea (a)
Barclays Premier League
Mar 4 2017 3:00PM : Burnley (H)
Barclays Premier League
Mar 11 2017 3:00PM : Hull City (a)
Barclays Premier League
Mar 18 2017 5:30PM : AFC Bournemouth (a)
Barclays Premier League
Apr 1 2017 3:00PM : Middlesbrough (H)
Barclays Premier League
Apr 4 2017 7:45PM : Tottenham Hotspur (H)
Barclays Premier League

Vital Members League Table

RankNamePoints
1.BrianMannebach3
2.yugo233
3.Phil W3
4.KevinE2
5.GThomas2
6.Dennis Downing2
7.London Pete1
Vital Football Comment