UK time is: 09:40:02
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

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

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.









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:Monday October 15 2012

Time: 8:40PM

 

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

League Table (view table)

Team P W D L GD Pts
14. Southampton 0 0 0 0 0 0
15. Spurs 0 0 0 0 0 0
16. Stoke 0 0 0 0 0 0
17. Sunderland 0 0 0 0 0 0
18. Swansea 0 0 0 0 0 0
19. WBA 0 0 0 0 0 0
20. West Ham 0 0 0 0 0 0

Breaking League News

Could Eto`o Move from West to East?
Chelsea : 29/07/2014 09:20:00
Proving Your Point
Man City : 29/07/2014 09:16:00
US Tour Ends With Palace Win
Crystal Palace : 29/07/2014 09:15:00
Palace Keen On Lazio Defender
Crystal Palace : 29/07/2014 09:14:00
Midfielder signs five-year-deal with Everton
Everton : 29/07/2014 09:07:00

Current Site Poll (view all polls)

What position does Monk need to strengthen the most?
Suggested By:  
Goalkeeper 1%
Full back 45%
Central defender 27%
Defensive midfielder 18%
Attacking central midfielder 0%
Winger 9%
Striker 0%
We don't need any more signings 0%