UK time is: 00:52:51
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

Swansea City Make 593,901 Profit

Swansea City have revealed figures of 593,901 profit for the 2010 financial year.

The previous year, they had a loss of 457,020, but despite an increase in spending they've been able to turn that around, thanks to transfer fee income and compensation money for Roberto Martinez's move to Wigan Athletic.

A club statement said:

'Turnover increased by 770,512 over the previous year, while operating expenditure increased by 3,235,012 reflecting the seriously growing cost of investment in a football squad capable of maintaining a strong challenge at the top of the Championship.

'This investment was financed by transfer fee income and compensation received from Wigan Athletic for the loss of Roberto Martinez and his management support staff.

'These two income streams totalled 3,023,840.'


Football finance expert Dr John Beech said it's unusual these days for a football club to publish a profit in their financial report:

'Football clubs are not exactly known for doing that,'

'I think I'm right in saying there's fairly substantial fan involvement in the running of the club.

'People are often critical of that model but this is an example of this working well.'





Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



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

The Journalist

Writer: KevinE Mail feedback, articles or suggestions

Date:Wednesday March 2 2011

Time: 6:45PM

Your Comments

Great news, Cardiff could learn something from us
eye_nose_hat
 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Swansea City Articles

Archived Swansea City Articles

List All Vital Swansea City Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

League Results (view all)

Latest Results
Stoke 2 - 1 Swansea
Swansea 2 - 2 Newcastle
Sunderland 0 - 0 Swansea
Swansea 0 - 1 Southampton
Chelsea 4 - 2 Swansea
Swansea 3 - 0 WBA

League Table (view table)

Team P W D L GD Pts
5. Liverpool 8 4 1 3 1 13
6. Man Utd 8 3 3 2 3 12
7. Arsenal 8 2 5 1 2 11
8. Swansea 8 3 2 3 1 11
9. Spurs 8 3 2 3 -1 11
10. Stoke 8 3 2 3 -1 11
11. Hull City 8 2 4 2 0 10

Breaking League News

Going for Three Points This Time!
Chelsea : 24/10/2014 22:00:00
Liverpool: Lawro Predicts 2014-15 - Hull (Home)
Liverpool : 24/10/2014 20:00:00
Villa to Sign Cleverley in January!
Man Utd : 24/10/2014 18:43:00
Pearson On Competition amp; Swansea Threat
Leicester City : 24/10/2014 18:31:00
Pellegrini Expecting Tough West Ham Test
Man City : 24/10/2014 18:17:00

Current Site Poll (view all polls)

What will the result be vs Leicester City?
Suggested By:  
Swansea City win 32%
Draw 38%
Leicester City win 30%