No Need To Worry Declares Chairman

Wednesday, 23 April 2008, 19:19
1 min read

Jenkins points to the profit made in the preceding twelve months and gives the line that the club is run within budget and there is nothing for fans to be concerned about regards the figures.

Speaking after the club's announcement, the Chairman told the Evening Post "This is a very positive statement because it shows that the profit we made in the previous 12 months was reinvested in the club over the next year.

"Every penny was put back into the club, and that's the way it will always be under this board of directors.

"We had our least successful season in recent years in the year leading up to May 31, 2007, when further investment was made in our training facilities and playing squad and we also changed our manager.

"I would say it's a remarkable achievement to make the loss we did.

"This club operates in the black continuously and, while there will always be swings and variations from season to season, we will continue to run it along those lines."

"We will continue to work within our budgets and we will have to be judged on our results," he added.

"We have a wonderful young manager and we don't have debts hanging around our neck."

Images courtesy of Getty Images, Athena Picture Agency and Swansea City Football Club.

League Table

Next Up

Forum Latest

Threads: 16,727

Messages: 246,457

Members: 4,656

Latest member: TheWatcher

Latest from Blog

Swans TV: Luke Williams on Swindon Town | Reaction | Men’s

. . .Luke Williams talks to SwansTV following his side's behind closed doors pre-season game against Swindon Town at the Fairwood Training Ground. For more information, as well as all the latest Swansea City AFC news, log onto the club's official website at http://www.swanseacity.com Subscribe on YouTube: http://www.youtube.com/SWANSPLAYER Like us…

Franco signs on and new boy can’t wait to get started

The Swans confirmed the capture yesterday of Gonçalo Franco for an undisclosed fee yesterday in what was clear a good match for both parties as Swans boss talked up his new signing whilst the midfielder talked about his happiness in joining the Swans. Franco posed for the media pictures with…

Ashley Williams: Location makes it tough for the Swans

Former Swansea City and Wales captain Ashley Williams says that he knows Luke Williams wants to bring more bodies in the door but believes that it is tough for the Swans because of the geographic location of the club. Williams, who represented the Swans more than 300 times in the…