2023/24 Financial Statements

[bakajack]

Swansea City publish latest financial statements | Swansea

Swansea City has published its financial statements for the eleven month period ended 30 June 2024.

www.swanseacity.com

15.2m loss down from 17.9m last financial year.
10m generated through player sales with 6m of that reinvested back into the squad

 

[Neath_Jack]

Be interesting to hear it broken down properly by Lisa when she sees this.

@lisa break it down in a manner that plebs like me can understand please.

 

[3swan]

Running a championship club doesn't come cheap, but my initial thoughts are poor management control of the club

 

[Niigata Jack]

Be interesting to hear it broken down properly by Lisa when she sees this.

@lisa break it down in a manner that plebs like me can understand please.

Pleb you say, you're over valuing yourself there

 

[Cooperman]

Be interesting to hear it broken down properly by Lisa when she sees this.

@lisa break it down in a manner that plebs like me can understand please.

In a nutshell:

Revenue from match day, broadcasting and commercial = £21.5m

Operational expenses which includes wages, the running of the sites, ‘other costs’ = £47.0m (depreciation & amortisation might be in here as well).

Gain on player trading = £10.0m

21.5 - 47 + 10 = somewhere close to the £15m loss.

The devil will be in the detail, particularly the ‘others’ and the outgoings to the board members. Need to see the actual CH filing for this. Operational expense is up nearly 10% on the year before, not good.

The onus is still very much on the ownership group to keep plugging a gap each month of up to £2m. We’re not blessed with saleable assets which can reduce that.

We need a Leeds promotion and the Piroe clause money.

 

[Skippyjack]

Someone needs to ask whether the owners are willing to go back to a category A academy again, infrastructure in place, higher quality coaches can be poached and the standard a bit better, plus EFL trophy games.. fans in the fans forum need to ask this question.. because the financial rules are dictating our progress

 

[Swanjaxs]

Someone needs to ask whether the owners are willing to go back to a category A academy again, infrastructure in place, higher quality coaches can be poached and the standard a bit better, plus EFL trophy games.. fans in the fans forum need to ask this question.. because the financial rules are dictating our progress

That's going to cost them plenty of dollars, at the moment the new owners come across about as enthusiastic as the last ones, early days though...

 

[Swansea93]

That's going to cost them plenty of dollars, at the moment the new owners come across about as enthusiastic as the last ones, early days though...

Isn’t it something like 6-7M a season to run at Cat 1 academy?

 

[Swanjaxs]

Isn’t it something like 6-7M a season to run at Cat 1 academy?

Too rich for us then, unfortunately

 

[Swansea93]

Too rich for us then, unfortunately

Just had a check online and it’s saying it’s roughly 3.5M a year, so maybe we could do it but still a lot of money if we don’t produce any decent players.

 

[Cooperman]

Just had a check online and it’s saying it’s roughly 3.5M a year, so maybe we could do it but still a lot of money if we don’t produce any decent players.

I remember figures of £2m to £2.5m being punted around when we were closing it down, so allowing for inflation your figure won’t be far out. We won’t be spending close to 20% of our turnover on an academy upgrade.

 

[LaJollaJack]

Be interesting to hear it broken down properly by Lisa when she sees this.

@lisa break it down in a manner that plebs like me can understand please.

This will be interesting - the resident Tier 3 (at best) Accountant's pretender financial perspective.....can't wait.......

 

[Neath_Jack]

This will be interesting - the resident Tier 3 (at best) Accountant's pretender financial perspective.....can't wait.......

Are you intimidated by strong, confident women?

 

[monmouth]

Are you intimidated by strong, confident women?

I was just about to ask if he’s jealous. Cambridge, successful, qualified professional and non-exec, vs a total anonymous random whang.

 

[monmouth]

Lisa’s the former, in case anyone has jelly for brains.