Swansea City: financial recovery or ruin???
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- čas přidán 28. 06. 2024
- Relegation, a US takeover and 15 different managers since 2014...just what is going on off the pitch at Swansea City???
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In this video, we dive into the financial saga of Swansea City as we track their drop from Premier League & European football, through to their relegation to the Championship
Don't miss out on the numbers behind the net, as well as all the ups and downs occurring at the Swansea.com stadium!
00:00 Intro
01:14 Revenue
02:32 Profit
05:10 Financial Fair Play (FFP/PSR)
06:06 Cash
#scfc
#swanseacity
#swans
#swansea_city
@SwanseaCity - Sport
How well do you think are Swansea are set up for future success in the Championship? Let us know your thoughts!
thanks
You're welcome!
One of the biggest issue is the ability to find assets within the academy or from player purchases to gain cash every year, The more assets we sell to survive the Championship the less likely it is that we will gain promotion back to the PL. I genuinely hope we can just keep performing at a good level in the Championship and not get ourselves in further financial trouble as I don’t think the owners will be putting money into the club without a realistic return on what they refer to as an investment.
Thanks for the comment Lee - a lot of good points there👍
I have a question for you. There are a lot of Swans fans out there who say that the new American owners have taken huge amounts of money out of the club since they took over. Their argument is that Swansea have sold players for around £180 million in that time and spent around £20 million on new players. So they ask, where is the money (£160m)?
Hi Andreas - from the financials the short appears to be to cover cash outflows from the club's operations (not uncommon for Championship clubs)
Looking at 7 years from 16/17 to 22/23:
Cash absorbed from operations (£96m)
Cash made from transfers (net) £51m [£206m sold, £155m bought]
Cash spent on capex (facilities etc) (£10m)
The sum of those 3 are cash outflows of £55m
The owners have funded £49m over that period (majority appears to be through equity)
@@NumbersBehindtheNet Thanks. According to Transfermarkt, Swans have bought in that period for £135m and sold for £232m. Your numbers are different (for almost £50m). So, if I understand correctly, you are saying that the owners haven't taken money out of the club?