 | Forum
Thread | Swans publish P&S figures up to end June 2024
at 16:47 30 Mar 2025
🔴 We will talk with the trust and their advisor who has a wealth of football finance knowledge once the actual figures are available. Some of this is widely available before this announcement on the Indy. Joel Piroe as an example and his instalments.
P&S is measured over three returns the last two are
2023 - pre tax loss of £13.2m
2024 - pre-tax loss of £17.9m
Now we have £15.2m
With the three year period total losses being allowed as in and around £41.8m without expert opinion the Swans are just above £46m. That of course is too much. Not sure as stated if these figures out the Swans in trouble or not.
🔴 Swansea City FC has published its financial statements for the eleven month period ended 30 June 2024. The financial statements report a pre-tax loss of £15.2m compared to a pre-tax loss of £17.9m for the previous financial year. The company took the decision to change the year end date to 30 June to align with the Financial Reporting period currently set by the English Football League (EFL).
Turnover for the eleven month period was £21.5m. Player trading produced a profit of £10.5m, and includes the initial profit on the sale of Joel Piroe to Leeds United. These profits helped to ensure that the Club remained compliant with the EFL Profitability and Sustainability regulations for the season.
The Board wishes to place on record its thanks to its supporters, sponsors and other stakeholders for their continued invaluable support during the season.
The club invested significantly in its playing squad in the financial year under review; acquisition costs of player registrations in the financial period amounted to £6.0m. The associated costs contributed to an increase in operational expenses to £47.0m for the eleven month period compared to £43.0m for the previous year.
The Board acknowledges that whilst the magnitude of the operational loss is a product of the highly competitive environment within the EFL Championship in which the Club currently competes; the Club will continue to focus on achieving operational efficiencies in order to maximise the resources which can be invested into the first team squad. The costs of operating a Stadium and two training facilities are significant and are growing. In the absence of any immediate prospect of an redistribution agreement between the EFL and the Premier League then the club will continue to be reliant on the support of its Ownership Group as the main source of funding.
During the period, further shares of £16.5m were issued compared with £41.2m in the prior period. Subsequently to this period end, a further £21.0m of shares have been issued.
The Board wishes to place on record its thanks to the Ownership Group for their continued support of our Club.
This post has been edited by an administrator |
| Forum
Thread | 4 ex Swans for Coventry tonight
at 19:24 28 Mar 2025
And not the most highly regarded bar Matt Grimes and possibly Patterson ish.
The other two are Bidwell and Latibeaudiere.
Brewster starts for Sheffield Utd. |
| Forum
Thread | Sheehan gets his way and gets his position clarified
at 13:55 24 Mar 2025
Two new coaches to join until the end of the season according to social media. We can also report Alan Sheehan is to take control of the team until the end of the season.
The two coaches are Richard Stearman and Mark Fotheringham.
This post has been edited by an administrator |
| Forum
Thread | They are at it again
at 08:14 24 Mar 2025
Sneaky theft of a flag on Saturday, scurrying around like little rats.
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| Forum
Thread | 🏆World Cup qualifier weekend
at 19:31 21 Mar 2025
First off England v Albania
Many Swans fans follow England. This Albanian side are no mugs.
Wales v Kazakhstan
Tomorrow. |
| Forum
Thread | Team News v Burnley
at 13:59 15 Mar 2025
Swansea City: Lawrence Vigouroux; Josh Key, Ben Cabango (captain), Kyle Naughton, Josh Tymon; Lewis O’Brien, Gonçalo Franco; Ronald, Liam Cullen, Jisung Eom; Žan Vipotnik.
Substitutes: Jon McLaughlin, Jay Fulton, Joe Allen, Josh Ginnelly, Florian Bianchini, Cyrus Christie, Ollie Cooper, Arthur Parker, Sam Parker.
Burnley: James Trafford, Maxime Esteve, CJ Egan-Riley, Josh Brownhill (captain), Jaidon Anthony, Connor Roberts, Zian Flemming, Marcus Edwards, Lucas Pires, Josh Cullen, Josh Laurent.
Substitutes: Vaclav Hladky, Oliver Sonne, Joe Worrall, Jeremy Sarmiento, Manuel Benson, Lyle Foster, Hannibal Mejbri, Luca Koleosho, Ashley Barnes.
This post has been edited by an administrator |
| Forum
Thread | 🔴 The Brain Tumour Charity : UPDATE & DONATE 🙏
at 21:58 13 Mar 2025
An update for you all.
Some info if you, your family or friend need advice. Don’t forget if you have any head pain go to your GP. Don’t remain undiagnosed, it could be nothing, if you have a tumour it will get worse and could shorten your life. Trust me, I know.
We are now having a donation campaign. It really doesn’t matter how much you donate, from £2 to whatever you want. The link is below. Please reference ‘Swansea Independent’.and submit under ‘another reason’ That way your donation is increased by 25% tax free (gift aid) and with nothing extra from you. You can also gift aid yourself to be sure. But please reference ‘Swansea Independent’ as we will match 25% of your donation as well. Otherwise we won’t know 👍 Of course we don’t see any of your details whatsoever.
Donate : https://www.thebraintumourcharity.org/donate/
Thanks as ever for your support.
This post has been edited by an administrator |
| Forum
Thread | Name the player
at 20:48 7 Mar 2025
Came on as a sub for Michu in his only cup appearance.
This post has been edited by an administrator |
| | KeithHaynes
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