Swansea huge losses. Keep our finances in perspective?

[plym1969]

https://twitter.com/BBCSportWales/status/1785326995871527094?t=DEqOi55SH4bCeKWmLgOkTQ&s=19

Swansea have lost close to £30 million in the last 2 years.
Their turnover for 22/23 was £21.5 million. They lost £17.9. Therefore they spent £39.4 million in 22/23.
This is ridiculous.
I'd rather get relegated than run the club like Swansea are allowed to do by the extremely lax FA and EFL rules.
When we stay up on Saturday let's keep in perspective what an amazing achievement it will be with our budget and financial security that Simon Hallett insists on compared to the money madness of the other clubs.

 

[IJN]

Some clubs never learn. It wasn't that long ago that they had locked gates at the Vetch.


crying swansea fans

 

[Pbennyboy]

Maybe tells a story why Whittaker was offloaded quickly to our benefit.....perhaps they needed the cash and didn't see all of the bigger picture!

 

[mutley marvel]

The Swans are managing their finances down the Swanny
Absolutely shocking - spending money on the never,never

 

[ChepstowGreen]

Shocking

 

[NLG]

Tip of a huge rotton iceberg of clubs racking up massive losses, wait until you see Birminghams losses !

 

[Biggs]

Also isn’t our turnover likely to be higher than theirs? If ours is forecast to be £25m and theirs was £21.5m last season.

 

[greenpilled]

It's interesting to compare this thread to ones on, say, Foster or Dewsnip or the January signings.

This is a million times more important in explaining why we are probably going down yet generates far less animosity. Clubs that bring in roughly as much money as us are spending double or triple what we do. It is beyond a joke. But people - including Argyle officials - seem to passively accept it.

I'd really like to see Simon or Andrew Parkinson make this point publicly and forcefully, if and when relegation is confirmed. We are about the only club in the division that is properly run and operates according to some kind of financial reality and as a result it is almost impossible for us to compete.

 

[Sun Stonehouse]

Tip of a huge rotton iceberg of clubs racking up massive losses, wait until you see Birminghams losses !

Wait until they get relegated!!.

 

[elburtontrev]

It's embarrassing that clubs get away with this.
It will make our achievement even more remarkable!

 

[Jon with no H]

Their wage bill is actually down 4% from the previous year too, absolute madness.

 

[signalspast]

Does this mean there could be points deductions for them next season??? Losing 30 million over two years leaves them only being able to lose 9 million this season.

 

[Andy in Peverell]

Unless they sell to balance the books.

They brought in £15m in player sales last summer and have raised over £40m in the last 4 seasons.
Thats the one area where we are still miles behind most other Championship teams

 

[Steve Evans]

thank goodness we have simon et al running our club.

 

[Andy S]

Should be subject to a points deduction THIS season.