Vital Football

Latest Swansea City News

£65.2m Turnover & £14.6m Profit For Swansea

£65.2m Turnover & £14.6m Profit For Swansea

Swansea City are set to announce a profit of £14.6m for the year ending May 2012, including £65.2m total income.

The finances confirms just how much promotion to the Premier League can benefit a club, with the figures above being completely mind-blowing if you just look back and consider where Swansea City were a decade ago.

The £14.6m profit also helps the club significantly following their £8.3m loss the previous financial year.

Around ten years ago, the club was bought for a mere one pound. Mike Lewis and then Tony Petty were going to kill the club before they were saved by Mel Nurse and the Supporters' Trust. Wages weren't being paid and we were facing relegation to non-league, but ten years on and we're paying thousands of pounds to each player in one of the world's best Leagues.

The official site also confirmed the club's plans for the future:

While the extent and timing of a capital investment program relies heavily on the club`s ability to remain in the Premier League, some progress has already been made. Work is well underway on the £2.5 million Landore training ground development and the creation of a partnership with Swansea University which involves the acquisition of a long-term lease of the playing fields at Fairwood, which will result in a first class training complex befitting a Premier League club.

Plans to increase the capacity of the Liberty Stadium are already being discussed with the idea of a phased development over a two-year period when the timing is right.








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

Writer:VitalSwansea
Date:Monday October 15 2012
Time: 8:40PM

Login to post a comment

Recent Swansea City Articles

van der Hoorn: 'I'm Joining a Wonderful Club'

Ajax defender Mike van der Hoorn has told Dutch press that he is set to join Swansea City

Six Clubs Set 2015/16 Premiership Records

Who were the six clubs to register a record breaking or equalling 2015/16 campaign?

Valencia Agent Says Swansea Link is 'Silly Season Stuff'

Enner Valencia's agent has dismissed the Sun's story that Swansea City are preparing a move for the West Ham striker

Swansea City Join Race To Sign Juventus Midfielder?

Reports in Italy are saying that Swansea City have joined Watford in the race to sign Juventus midfielder Roberto Pereyra

Archived Vital Swansea City Articles

Vital Swansea City articles from

Site Journalists

VitalSwansea
Editor email
Profile

Current Poll (see more polls)

Suggested By:
Taylor first choice, Kingsley backup13%
Taylor first choice, new signing as backup1%
Kingsley first choice, Taylor as backup62%
Kingsley first choice, new signing as backup13%
new signing first choice, Kingsley as backup8%
something else3%
ScoopDragon Premier League Network Sites

League Table

# Team P W D L Pts. GD
C Leicester City 38 23 12 3 81 32
2 Arsenal 38 20 11 7 71 29
3 Spurs 38 19 13 6 70 34
4 Man City 38 19 9 10 66 30
5 Man Utd 38 19 9 10 66 14
6 Southampton 38 18 9 11 63 18
7 West Ham 38 16 14 8 62 14
8 Liverpool 38 16 12 10 60 13
9 Stoke 38 14 9 15 51 -14
10 Chelsea 38 12 14 12 50 6
11 Everton 38 11 14 13 47 4
12 Swansea 38 12 11 15 47 -10
13 Watford 38 12 9 17 45 -10
14 WBA 38 10 13 15 43 -14
15 Crystal Palace 38 11 9 18 42 -12
16 AFC Bournemouth 38 11 9 18 42 -22
17 Sunderland 38 9 12 17 39 -14
R Newcastle 38 9 10 19 37 -21
R Norwich 38 9 7 22 34 -28
R Aston Villa 38 3 8 27 17 -49
Latest F1 News
Latest Vital Boxing News

Recent Swansea City Results (view all)

Swansea City Fixtures (view all)

Vital Members League Table

RankNamePoints
1.Vital Swansea City1
2.Phil W1
3.Andyjack781