Date:Monday October 15 2012
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.
Date:Monday October 15 2012
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)
Match Analysis - Hull City 1-0 Swansea City (Friday April 11 2014)
Williams' Agent Insists His Focus Is On Swansea (Thursday April 10 2014)
|12. West Ham||34||10||7||17||-9||37|
|13. Hull City||33||10||6||17||-6||36|
|14. Aston Villa||33||9||7||17||-14||34|
|Tottenham Hotspur Vs. Fulham.
» Spurs : 18/04/2014 13:37:00
|Stat Attack - Sunderland (h)
» Chelsea : 18/04/2014 13:28:00
|Hazard Makes Both PFA Lists!
» Chelsea : 18/04/2014 13:13:00
» Spurs : 18/04/2014 12:18:00
|Spurs (a) - What the Record Books Say!
» Fulham : 18/04/2014 11:08:00
|Dutch Youngster on United Radar
» Man Utd : 18/04/2014 10:56:00
|Hammers Target Forty Points
» West Ham : 18/04/2014 10:51:00