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

and then there were none - Gomis Loan Move is Complete

The last striker has left Swansea City...as Bafetimbi Gomis has finally completed a season-long loan move to French side Marseille

Behaviour Rules - Some Initial Reaction

Various rules on what is and isn't acceptable are being rolled out this season in an attempt to reduce 'intolerable behaviour' towards match day officials. What's the initial reaction?

Premier League International Cup Groups Drawn

With the announcement of an expanded Premier League International Cup for this season...

New Rules For 2016/17 - Reminder

With only a few weeks to go until proper football returns following our (again) unsuccessful...

Archived Vital Swansea City Articles

Vital Swansea City articles from

Site Journalists

VitalSwansea
Editor email
Profile

Current Poll (see more polls)

Are you worried about a lack of senior signings so far this Summer?
Suggested By:
Yes!92%
No - there's plenty of time8%
ScoopDragon Premier League Network Sites

League Table

# Team P W D L Pts. GD
1 AFC Bournemouth 0 0 0 0 0 0
2 Arsenal 0 0 0 0 0 0
3 Burnley 0 0 0 0 0 0
4 Chelsea 0 0 0 0 0 0
5 Crystal Palace 0 0 0 0 0 0
6 Everton 0 0 0 0 0 0
7 Hull City 0 0 0 0 0 0
8 Leicester City 0 0 0 0 0 0
9 Liverpool 0 0 0 0 0 0
10 Man City 0 0 0 0 0 0
11 Man Utd 0 0 0 0 0 0
12 Middlesbrough 0 0 0 0 0 0
13 Southampton 0 0 0 0 0 0
14 Stoke 0 0 0 0 0 0
15 Sunderland 0 0 0 0 0 0
16 Swansea 0 0 0 0 0 0
17 Spurs 0 0 0 0 0 0
18 Watford 0 0 0 0 0 0
19 WBA 0 0 0 0 0 0
20 West Ham 0 0 0 0 0 0
Latest F1 News
Latest Vital Boxing News

Recent Swansea City Results (view all)

Swansea City Fixtures (view all)

Vital Members League Table

RankNamePoints
1.KevinE1