SWANS CONFIRM LATEST ACCOUNTS

[Darran]

Swansea City confirm latest accounts | Swansea

Swansea City has published its accounts for the year ending July 31, 2023, reporting a pre-tax loss of £17.9m.

www.swanseacity.com

 

[FearOfAJackPlanet]

Inspiring stuff. Wages = 100% of turnover; that's always a good starting point for a successful enterprise....

Where does the money even come from to keep us afloat? I know the 'owning group' puts in millions throughout the season, but where does that even come from? Are Levein, Coleman and Co dipping into their own pockets? Are they taking money from other, successful business ventures and sending it over here? Are they borrowing against something? I haven't a clue, and that's probably for the best, but they surely can't keep this up for much longer.

I know Coleman talks about the new TV deal, but you can bet your bottom dollar that agents will make sure 99% of that goes to player wages.

Football finances are wild.

 

[A4Jack]

Wage bill of £22m is incredible
This was the season where we were deemed to be bottom quarter of the Championship for wages was it not?

 

[jasper_T]

Wage bill of £22m is incredible
This was the season where we were deemed to be bottom quarter of the Championship for wages was it not?

Was it Julian Winter who claimed that? Very little evidence that it would have been the case, we hadn't reduced the squad much at all from the previous season.

 

[PSumbler]

Love the way that Coleman effectively said in his statement "wasn't my fault guv"

 

[Fbreath]

Are the execs working for the club being paid mates rates as there are so many buddies employed

 

[PSumbler]

They don't get paid mun they do it for the love of it

Someone on here said so

 

[Smurph]

Empty vessels make the most noise. That's our chairman down to a tee

 

[Cinio Dydd Sul]

Empty vessels make the most noise. That's our chairman down to a tee

I'm no fan of the club's hierarchy behind the scenes, but these accounts are from before Coleman was here, they don't include any incoming money from last summer (around 20million).

So unfair to pin this on him.

Kaplan, Levein and others though, absolutely.

 

[Smurph]

I'm no fan of the club's hierarchy behind the scenes, but these accounts are from before Coleman was here, they don't include any incoming money from last summer (around 20million).

So unfair to pin this on him.

Kaplan, Levein and others though, absolutely.

He just talks a lot, most of it bollocks.

 

[PSumbler]

I'm no fan of the club's hierarchy behind the scenes, but these accounts are from before Coleman was here, they don't include any incoming money from last summer (around 20million).

So unfair to pin this on him.

Kaplan, Levein and others though, absolutely.

£20m? Blimey thats being generous. Even the Trust only put it at £6.8m

Remember Coleman can distance himself as much as he wanted but he invested into this so he can't really pretend that he didn't know

 

[Cinio Dydd Sul]

He just talks a lot, most of it bollocks.

He lives over here now apparently

 

[PSumbler]

He lives over here now apparently

Yeah but does his family and his golf mate?

 

[Cinio Dydd Sul]

£20m? Blimey thats being generous. Even the Trust only put it at £6.8m

Remember Coleman can distance himself as much as he wanted but he invested into this so he can't really pretend that he didn't know

Well it know its installments etc. But Piroe, Whittaker, Obafemi, Latibeaudiere, Benda, Ntcham, Morgan and Martin sales surely total 20mill? Maybe more?

 

[Smurph]

He lives over here now apparently

Great, doesn't stop the fact he's an empty vessel.