BBC news Swansea lost £8.2 million last year

Excuse me ladswansea96 you are nothing but Benefit cheats. Pay your rent at least !!

f*cking hell..you realy are grasping at straws here lads,if you realy think you can take anything from this or that we are fucked then you have realy become to obsessd with us.
What the club has said is that they had to pay out an extra 8.2mill on extra things..thers no debt if its been paid you muppets,and thers no way the club paid that as extras,did not expect them to brake even as the play off bonuses they had to pay out and contracts that they had to pay up,but get your facts right.
And by a country mile we are better run then you,so if we did have a extra 8.2 mill to pay out,how the f**k will you cope with going up?we have or had no debt,infact we had the money to be able to absorb this extra pay out,you are...what 30.40.50mill in debt allready how the f**k can you aford to go up,after all you saviors fro Malaysia aint realy doing much,and if they are so intrested in you and have so much money?why the f**k are they looking to bring another guy with money in...its you who should be concernd not us me eastern friends?

Its all relative.

The £8m should be covered by the £40m+ you have coming in this seaosn (less the £10m shelled out on players).

Also its not likely you will go down, so you should be fine.

Eve if you do then the £16m parachute payment should cover any problems, PLUS you have plenty of saleable players now.

Had you not gone up last year it could have been tough for you, but you didnt.

As for us, well as long as VT etc.. stay on board our debt (which don't forget is matched by a £50m stadium asset, and now a significant chunk of player value) is managable.

Don't forget the majority of it is Sam's UNSECURED debt, which in the long run will most likely end up being reduced dramatically.

We pushed the boat out somewhat to get promoted and guess what it paid off.

Ok we're 8m in debt but with 90m to come over the next couple of seasons no matter what we're more than capable of controlling it.

In these times of Swansea being the premier team in Wales it's understandable you should all jump on it but in reality its something and nothing.

Excuse me dukenukem,i think u will find that we do pay our rent,just 1 rugby living councillor suggested we should pay more to cover the ospreys,as ther crowds are shit and we generate alot more money,but was tould to go and do one.
Like i said well run club my blue buddy

Excuse me dukenukem,i think u will find that we do pay our rent,just 1 rugby living councillor suggested we should pay more to cover the ospreys,as ther crowds are shit and we generate alot more money,but was tould to go and do one.
Like i said well run club my blue buddy

f*cking hell..you realy are grasping at straws here lads,if you realy think you can take anything from this or that we are fucked then you have realy become to obsessd with us.
What the club has said is that they had to pay out an extra 8.2mill on extra things..thers no debt if its been paid you muppets,and thers no way the club paid that as extras,did not expect them to brake even as the play off bonuses they had to pay out and contracts that they had to pay up,but get your facts right.
And by a country mile we are better run then you,so if we did have a extra 8.2 mill to pay out,how the f**k will you cope with going up?we have or had no debt,infact we had the money to be able to absorb this extra pay out,you are...what 30.40.50mill in debt allready how the f**k can you aford to go up,after all you saviors fro Malaysia aint realy doing much,and if they are so intrested in you and have so much money?why the f**k are they looking to bring another guy with money in...its you who should be concernd not us me eastern friends?

Now your grasping at straws our debt is nothing like £50M as our BILLIONAIRE owner has paid down our debt over the past 12 months and coverted those loans into shares, not to mention we have a new director who is worth more than all of Swansea put together. I doubt our debt is much more than £20m and most of that is Sam Hammam's loan notes which could be paid off at a stroke if need be.

Oh BTW if we do need a few extra quid Berjaya Corporation (Vincent Tan's company) is worth $20 Billion. To put that into context which you might understand, BC could pay everyone's housing benefit in the UK and still have billions left over.

Most clubs who get promoted from the Championship to the PL end up having to pay big bonus payments and it results in heavy losses, Swansea are no different to other clubs.

It is however the basis of a good debate as what do we think promotion would have cost us, we all know Langstone would get an immediate £5m, what about the Ray Ransom debt would that become payable. What kind of bonus would have been payable to Dave Jones and the likes of Chopra and Bothroyd. Not forgetting that Man City would have been owed £4m for the Craig Bellamy loan.

At a time when we are hoping our owners open the cheque book for MM we should stop to consider what the likely cost of promotion would be to our club and more importantly can we afford it. In reality if we are lucky enough to get to the PL we need to do a Burnley and keep our costs low and hope we can get another year in the PL. At least that way we may be able to match their £14m profit from their one season as we would need that minimum to offset the cost of promotion.

Quite sobering when you think about it.

Please come back Tony Petty and f@ck Swansea town up again.

Are people so desparate to slate the jacks they post anything without thinking?

Yes, 8.2m loss. Fee for Sinclair, loan fee for Borini. Contract clauses for promotion.

All easily covered by the money made from the Prem.

It's not rocket science to realise they aren't going bust, again.

Your Malaysians can have as much money as they want dear,truth is he us not spending it now is he.
He has no love for you,he did not support you as a kid,and he dont even live here,so ask your self why is he with you?,ok with chelsea and man city,they are big clubs and have history,however you have none to compare.
The truth is you only have the stadium as your saving grace,and he unlike other owners is ther to make money,and you can not,unless you sell your ground.
Plus if you go up you will need to spend a lot of money as your team and squad is not nealy good enoghe,we did have a strong squad and settled players,you are lets face it a long way behind us and need to build over the next 2years before you are ready,if you go uo this year you will strugle big time,not taking the pis but ther is a huge dif between the prem and the champ.

Your Malaysians can have as much money as they want dear,truth is he us not spending it now is he.
He has no love for you,he did not support you as a kid,and he dont even live here,so ask your self why is he with you?,ok with chelsea and man city,they are big clubs and have history,however you have none to compare.
The truth is you only have the stadium as your saving grace,and he unlike other owners is ther to make money,and you can not,unless you sell your ground.
Plus if you go up you will need to spend a lot of money as your team and squad is not nealy good enoghe,we did have a strong squad and settled players,you are lets face it a long way behind us and need to build over the next 2years before you are ready,if you go uo this year you will strugle big time,not taking the pis but ther is a huge dif between the prem and the champ.

Excellent points made there Jack, now tell how many years has your club been making a loss.

Your Malaysians can have as much money as they want dear,truth is he us not spending it now is he.
He has no love for you,he did not support you as a kid,and he dont even live here,so ask your self why is he with you?,ok with chelsea and man city,they are big clubs and have history,however you have none to compare.
The truth is you only have the stadium as your saving grace,and he unlike other owners is ther to make money,and you can not,unless you sell your ground.
Plus if you go up you will need to spend a lot of money as your team and squad is not nealy good enoghe,we did have a strong squad and settled players,you are lets face it a long way behind us and need to build over the next 2years before you are ready,if you go uo this year you will strugle big time,not taking the pis but ther is a huge dif between the prem and the champ.

Excellent points made there Jack, now tell how many years has your club been making a loss.

The club made a £600k profit the previous year.

The thing is, if we'd have lost the play off final, we would probably have been showing a profit in those accounts.

Are people so desparate to slate the jacks they post anything without thinking?

Yes, 8.2m loss. Fee for Sinclair, loan fee for Borini. Contract clauses for promotion.

All easily covered by the money made from the Prem.

It's not rocket science to realise they aren't going bust, again.

Sinclair fee wouldn't be in that loss.

Transfer fees are depreciated over the term of the contract. Check out any footy clubs accounts.


But you are right, of course they aren't going bust, just makes a mockery of Jenkins boasts that they cut their cloth accordingly.

Also a lesson for us that the Prem doesnt solve all your problems. Especially considering we'd have to shell out a hell of a lot more.

Your Malaysians can have as much money as they want dear,truth is he us not spending it now is he.
He has no love for you,he did not support you as a kid,and he dont even live here,so ask your self why is he with you?,ok with chelsea and man city,they are big clubs and have history,however you have none to compare.
The truth is you only have the stadium as your saving grace,and he unlike other owners is ther to make money,and you can not,unless you sell your ground.
Plus if you go up you will need to spend a lot of money as your team and squad is not nealy good enoghe,we did have a strong squad and settled players,you are lets face it a long way behind us and need to build over the next 2years before you are ready,if you go uo this year you will strugle big time,not taking the pis but ther is a huge dif between the prem and the champ.

Wrong. The Malaysians HAVE been spending, not only that but spending without adding to the clubs debts as the first £12m they put in were converted into shares. Along with another £8m by others.

We are far from sorted -especailly while we owe Langston £15m+, but are a hell of a lot better off thanks to the Malaysians.

As for squad, well we are 3rd in the table same as you were, last season, so how on earth can you say your squad was much better, when the table says different ?

Or can you see into the future as well

Your Malaysians can have as much money as they want dear,truth is he us not spending it now is he.
He has no love for you,he did not support you as a kid,and he dont even live here,so ask your self why is he with you?,ok with chelsea and man city,they are big clubs and have history,however you have none to compare.
The truth is you only have the stadium as your saving grace,and he unlike other owners is ther to make money,and you can not,unless you sell your ground.
Plus if you go up you will need to spend a lot of money as your team and squad is not nealy good enoghe,we did have a strong squad and settled players,you are lets face it a long way behind us and need to build over the next 2years before you are ready,if you go uo this year you will strugle big time,not taking the pis but ther is a huge dif between the prem and the champ.

Excellent points made there Jack, now tell how many years has your club been making a loss.

The club made a £600k profit the previous year.

The thing is, if we'd have lost the play off final, we would probably have been showing a profit in those accounts.

But what was the trading position when you take the Saint Bob Of Martinez compensation out of the equation. Not a profit for certain. Not quite sure how you can say without promotion you would likely have made a profit especially when you consider the increase in operating costs for the club. Over £3.5m over the last few seasons.

Your Malaysians can have as much money as they want dear,truth is he us not spending it now is he.
He has no love for you,he did not support you as a kid,and he dont even live here,so ask your self why is he with you?,ok with chelsea and man city,they are big clubs and have history,however you have none to compare.
The truth is you only have the stadium as your saving grace,and he unlike other owners is ther to make money,and you can not,unless you sell your ground.
Plus if you go up you will need to spend a lot of money as your team and squad is not nealy good enoghe,we did have a strong squad and settled players,you are lets face it a long way behind us and need to build over the next 2years before you are ready,if you go uo this year you will strugle big time,not taking the pis but ther is a huge dif between the prem and the champ.

Excellent points made there Jack, now tell how many years has your club been making a loss.

The club made a £600k profit the previous year.

The thing is, if we'd have lost the play off final, we would probably have been showing a profit in those accounts.

But what was the trading position when you take the Saint Bob Of Martinez compensation out of the equation. Not a profit for certain. Not quite sure how you can say without promotion you would likely have made a profit especially when you consider the increase in operating costs for the club. Over £3.5m over the last few seasons.

The outgoings increased that year as a result of spending the Martinez money on such rubbish as Cotterill and Beattie. Without that money, we wouldn't have increased our outgoings so much so you can't really just take the income out of the equation.

As for last season, we wouldn't have had to pay out any promotion bonuses and transfer/loan fee clauses, as well as the fact we'd have pocketed all the play off final gate income had we lost.

The outgoings increased that year as a result of spending the Martinez money on such rubbish as Cotterill and Beattie. Without that money, we wouldn't have increased our outgoings so much so you can't really just take the income out of the equation.

As for last season, we wouldn't have had to pay out any promotion bonuses and transfer/loan fee clauses, as well as the fact we'd have pocketed all the play off final gate income had we lost.

So operating costs only increased for one year because of a few poor signings and last year because of winning the Play Off final.

I have to give it to Huw The Spew he really has got your minds well conditioned. By the way what was his promotion bonus.

The outgoings increased that year as a result of spending the Martinez money on such rubbish as Cotterill and Beattie. Without that money, we wouldn't have increased our outgoings so much so you can't really just take the income out of the equation.

As for last season, we wouldn't have had to pay out any promotion bonuses and transfer/loan fee clauses, as well as the fact we'd have pocketed all the play off final gate income had we lost.

So operating costs only increased for one year because of a few poor signings and last year because of winning the Play Off final.

I have to give it to Huw The Spew he really has got your minds well conditioned. By the way what was his promotion bonus.

I did say "we wouldn't have increased our outgoings so much". I did not claim it was the sole reason.

Either way, we're perfectly fine up here and thanks for your interest

*sigh*... another jack thread

The outgoings increased that year as a result of spending the Martinez money on such rubbish as Cotterill and Beattie. Without that money, we wouldn't have increased our outgoings so much so you can't really just take the income out of the equation.

As for last season, we wouldn't have had to pay out any promotion bonuses and transfer/loan fee clauses, as well as the fact we'd have pocketed all the play off final gate income had we lost.

So operating costs only increased for one year because of a few poor signings and last year because of winning the Play Off final.

I have to give it to Huw The Spew he really has got your minds well conditioned. By the way what was his promotion bonus.

That top business guru huw the spew, remind me what happened to his builders merchants ?

f*cking hell..you realy are grasping at straws here lads,if you realy think you can take anything from this or that we are fucked then you have realy become to obsessd with us.What the club has said is that they had to pay out an extra 8.2mill on extra things..thers no debt if its been paid you muppets,and thers no way the club paid that as extras,did not expect them to brake even as the play off bonuses they had to pay out and contracts that they had to pay up,but get your facts right.
And by a country mile we are better run then you,so if we did have a extra 8.2 mill to pay out,how the f**k will you cope with going up?we have or had no debt,infact we had the money to be able to absorb this extra pay out,you are...what 30.40.50mill in debt allready how the f**k can you aford to go up,after all you saviors fro Malaysia aint realy doing much,and if they are so intrested in you and have so much money?why the f**k are they looking to bring another guy with money in...its you who should be concernd not us me eastern friends?

Says the Jack constantly posting on a CARDIFF CITY FC message board try rearranging these words..... pot kettle calling the black

f*cking hell..you realy are grasping at straws here lads,if you realy think you can take anything from this or that we are fucked then you have realy become to obsessd with us.
What the club has said is that they had to pay out an extra 8.2mill on extra things..thers no debt if its been paid you muppets,and thers no way the club paid that as extras,did not expect them to brake even as the play off bonuses they had to pay out and contracts that they had to pay up,but get your facts right.
And by a country mile we are better run then you,so if we did have a extra 8.2 mill to pay out,how the f**k will you cope with going up?we have or had no debt,infact we had the money to be able to absorb this extra pay out,you are...what 30.40.50mill in debt allready how the f**k can you aford to go up,after all you saviors fro Malaysia aint realy doing much,and if they are so intrested in you and have so much money?why the f**k are they looking to bring another guy with money in...its you who should be concernd not us me eastern friends?

Lol at this. Just because you paid it doesn't mean it's not a debt ffs? All the things sam Ham was blowing cash on still ran up debt even tho he paid for it at the time. Getting very touchy swanseasonlylad eh? Worried about the eventual plummet back to obscurity already are we????

Could be fun if they do get relegated, let's hope so

spot on

[quote="swansealad69"]f*cking hell..you realy are grasping at straws here lads,if you realy think you can take anything from this or that we are fucked then you have realy become to obsessd with us.
What the club has said is that they had to pay out an extra 8.2mill on extra things..thers no debt if its been paid you muppets,and thers no way the club paid that as extras,did not expect them to brake even as the play off bonuses they had to pay out and contracts that they had to pay up,but get your facts right.
And by a country mile we are better run then you,so if we did have a extra 8.2 mill to pay out,how the f**k will you cope with going up?we have or had no debt,infact we had the money to be able to absorb this extra pay out,you are...what 30.40.50mill in debt allready how the f**k can you aford to go up,after all you saviors fro Malaysia aint realy doing much,and if they are so intrested in you and have so much money?why the f**k are they looking to bring another guy with money in...its you who should be concernd not us me eastern friends?
are all jacks unable to write/spell

Are people so desparate to slate the jacks they post anything without thinking?

Yes, 8.2m loss. Fee for Sinclair, loan fee for Borini. Contract clauses for promotion.

All easily covered by the money made from the Prem.

It's not rocket science to realise they aren't going bust, again.

Sinclair fee wouldn't be in that loss.

Transfer fees are depreciated over the term of the contract. Check out any footy clubs accounts.


But you are right, of course they aren't going bust, just makes a mockery of Jenkins boasts that they cut their cloth accordingly.

Also a lesson for us that the Prem doesnt solve all your problems. Especially considering we'd have to shell out a hell of a lot more.

The Sinclair fee would have been included-we don't hold our players assets and so we don't depreciate over the term of the contract. The transfer expense is recognised in the period we pay it.

But this loss is nothing to worry about and Burnley and Blackpool experienced similar losses when they got promoted.

As soon as that final whistle went in the playoff final went, we would have owed quite a few people alot of money; bonuses for the players, the management staff and other clubs for transfer fee clauses. Had we not gone up, we wouldn't have made anywhere near the same loss, as these costs wouldn't have happened. We probably would have still made a loss but it would have been far smaller, no more than £1m would be my guess (of course, won't know for sure until the accounts are filed).

There's no risk undertaken here really. We agree to these terms to try and get promoted. If we do get promoted, we owe £8m odd but get a £40m prize when we go up so we can pay it off instantly (and so it's already been sorted). If we don't get promoted, no costs to pay. I suspect for the next financial year we'll make a profit.

And if we do stay up, hopefully it'll mean a bigger transfer budget in the summer as we won't have these costs to pay off.

Anyway, good luck v Palarse

WHO GIVES A FLYING f**k????

Why dont you all crawl back in your caravans you scrippos.

We are,i think u will find every club will run in the red if they try to go up,look at your lot,
Cant see it my self that much out,thers def somthing not right ther.as we are run in a budget,but clubs allways keep somthing from the tax man,as any selfemployed worker will tell u.[code][/code]

Wasn't long ago your lot were raving about your financial situation and how you run in the black, if you go down you are fucked, you have a very dangerous game of poker until the end of the season, and every season from now on.

You haven't got a financial backer, you rent your ground from the council, and that council stadium is too small to support premiership football and wages, it's going to be an interesting few years

if i was you id just shut up before i looked any thicker, we secured 90 mil (approx) by getting promoted yet spending 8 million you think will mean the club is fukd

Tony Petty……..legend.