Date:Tuesday January 24 2012
Swansea City made a loss of £8.2million for the 2010/2011 financial year.
The Swans are a club run on a strict financial budget, but the loss of £8.2m will easily be paid back and more thanks to promotion to the Premier League.
The losses included the costs of player and management bonuses, transfer and loan fees and compensation to clubs relegated from the Championship.
It's been well documented that promotion to the Premier League is worth around £90m with the money spread out of a number of years.
A club statement explained the reasons for the loss:
'While the accounts reveal an overall loss after tax of £8.2 million, which was consequently unavoidable after our Wembley win, the large amount of income generated in the Premier League has subsequently enabled these liabilities to be adequately met in the current financial year.
'The accounts for the current financial year ending May 31, 2012, will be adversely affected by an increase in operating costs, particularly payroll, but our resolve is to realise sufficient profit to counter the 2010/11 loss, and our operating budgets are structured to make this happen.
'With regard to the future, our immediate goal is to consolidate our position in the Premier League and ensure we survive this season.
Our long-term goal will cater for Swansea City remaining as a top flight club and to continue to contribute in part to the feel-good factor and prosperity in the local community.
'We will not, however, do this in any way that puts the club's financial stability at risk. This remains paramount in our management philosophy.'
Date:Tuesday January 24 2012
Monk's Reaction After Vital Newcastle Win (Saturday April 19 2014)
Pardew: We Should Have Won Against Swansea (Saturday April 19 2014)
Michu Could Miss Newcastle Game (Friday April 18 2014)
Monk: There Are No Problems Whatsoever (Friday April 18 2014)
Training Bust-Up? - 'Fans Shouldn't be Concerned' (Tuesday April 15 2014)
Terry Admits He Told Ref Chico Deserved Red (Sunday April 13 2014)
Rate The Players: Swansea City 0-1 Chelsea (Sunday April 13 2014)
Stats: Swansea City v Chelsea (Sunday April 13 2014)
Vorm: Monk 'Best Choice' For Swansea City Manager (Saturday April 12 2014)
Monk: Good Reaction In Training After Hull Defeat (Friday April 11 2014)
|11. Crystal Palace||35||13||4||18||-13||43|
|12. West Ham||35||10||7||18||-10||37|
|14. Hull City||34||10||6||18||-9||36|
|15. Aston Villa||34||9||8||17||-14||35|
» Chelsea : 23/04/2014 16:40:00
|Boss Urges Fans To Fill the Stadium of Light
» Sunderland : 23/04/2014 15:27:00
|Borini Picks Up Young Player Gong
» Sunderland : 23/04/2014 15:02:00
|Mannone Pleased With Award.
» Sunderland : 23/04/2014 14:40:00
|Jose is Marmite
» Chelsea : 23/04/2014 13:59:00
|Olsson - We Have To Change Our Pattern
» WBA : 23/04/2014 13:53:00
|Dorrans - We Can Take The Positives
» WBA : 23/04/2014 13:44:00