BBC news Swansea lost £8.2 million last year

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

I am sure their fans and Jenkins still say they are the best run club in the world.....

10p in the £1 again I wonder ???

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]

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]

But £8.2 million is a bit too much.

Didn't I read sometime ago some swansea fans saying they had no debt?

Well they may have lost that then , but they got around 90 Mill now and I would love them to stay up ! I want a team in the prem, and 2 is even better

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

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

I am shocked they are in debt but I think if the Jacks did go down they would raise enough in player sales, not to mention the parachute payments plus a year of Premiership money to make them ok.

Well they may have lost that then , but they got around 90 Mill now and I would love them to stay up ! I want a team in the prem, and 2 is even better

Jack b*stard

Well they may have lost that then , but they got around 90 Mill now and I would love them to stay up ! I want a team in the prem, and 2 is even better

Jack b*stard

I HAVE 3 SEASON TICKETS AT CCS, SO GO f**k YOUR SELF SKUNK BREATH

And you believe what is said in the papers?are you for real.
Thers no debt down here,thats figure is what the club say was the extra they had to pay out.so basically they paid out 8mill more then they had coming in..with no big sinings and a small squad..bolloxs thats what they have tould the papers,
Do you realy think your board tells you the truth?

And you believe what is said in the papers?are you for real.
Thers no debt down here,thats figure is what the club say was the extra they had to pay out.so basically they paid out 8mill more then they had coming in..with no big sinings and a small squad..bolloxs thats what they have tould the papers,
Do you realy think your board tells you the truth?

Apparently is mostly bonuses and increased player wages.

[quote="welshcitydragon"]Well they may have lost that then , but they got around 90 Mill now and I would love them to stay up ! I want a team in the prem, and 2 is even better [/quote

No offence but that's the most shocking thing I've ever heard come out of a fellow Cardiff city fans mouth

Paul if you had 8 Mill going out and nothing coming in that is called DEBT !! surely ?

And you believe what is said in the papers?are you for real.
Thers no debt down here,thats figure is what the club say was the extra they had to pay out.so basically they paid out 8mill more then they had coming in..with no big sinings and a small squad..bolloxs thats what they have tould the papers,
Do you realy think your board tells you the truth?

Apparently is mostly bonuses and increased player wages.

I PMSL at the comment that as winners of the Championship Playoff they have to make a contribution to FL parachute payments to the 3 clubs relegated from the Championship.

It is true that the 3 promoted clubs each have to pay £165.334 as compensation to the 3 relegated clubs but it doesn't even make up the £200k of the £8.2m loss. I can understand increased wages and the bonus thing but remember these accounts are before the club started paying transfer fees like the £4m for Graham and the likes.

Having to pay increased wages, high transfer fees etc are just the tip of the iceberg and remember this is a club without any assets except their players. The question is has the club included player valuations in these accounts to offset the level of losses as Huw The Spew has gone on about other clubs doing that, a dig at Cardiff, Swansea have not done this before so is the loss even bigger than is published.

Well run club my arse they are the same as the rest all bollocks deep in debt.

Last edited by castleblue on Mon Jan 23, 2012 7:08 pm, edited 1 time in total.

Paul if you had 8 Mill going out and nothing coming in that is called DEBT !! surely ?

Hehehehe yeah.

They hardly spent anything so how come it is that much?

And you believe what is said in the papers?are you for real.
Thers no debt down here,thats figure is what the club say was the extra they had to pay out.so basically they paid out 8mill more then they had coming in..with no big sinings and a small squad..bolloxs thats what they have tould the papers,
Do you realy think your board tells you the truth?

Oh well the BBC must have made it up

ha ha ha they'll be bankrupt (again) if they go down!

What a debt to notch up, especially when they never spent anything!

A shambles down there

To be fair, I think the figures are to 31 May 2011.

I'm sure with the extra income that they'd get from being promoted they're figures will look better next year. Although I haven't been paying attention to how much their paying on wages + transfer fees!

I remember something about Burnley having the same kind of loss when they got promoted. It is to do with increased wages and bonuses which are paid for getting promoted and the £8.2m will be cancelled out by Sky TV payments/Premiership prize money which is spread over the season.

TBH how many times have posters suggested that VT should throw £5m at Malky in a gamble to get promoted? It's exactly the same thing.

Last edited by Tony Blue Williams on Mon Jan 23, 2012 7:18 pm, edited 1 time in total.

If they went into admin for the third time would they get to keep it?

If they went into admin for the third time would they get to keep it?

Well they may have lost that then , but they got around 90 Mill now and I would love them to stay up ! I want a team in the prem, and 2 is even better

Jack b*stard

Innit.

He could have 6000 season tickets, but it still makes him Jack traitor scum. He has the audacity to call us 'plastic welshmen', well he's a bloosy plastic City fan.

Cardiff, Swansea, Wolves, Celtic....how many more Owain Glyndwr? Hedging your bets be fucked.

I remember something about Burnley having the same kind of loss when they got promoted. It is to do with increased wages and bonuses which are paid for getting promoted and the £8.2m will be cancelled out by Sky TV payments/Premiership prize money which is spread over the season.

TBH how many times have posters suggested that VT should throw £5m at Malky in a gamble to get promoted? It's exactly the same thing.

Not really they haven't got a vt to bail them out when it all goes wrong just a tiny little council owned ground in a deprived area

I remember something about Burnley having the same kind of loss when they got promoted. It is to do with increased wages and bonuses which are paid for getting promoted and the £8.2m will be cancelled out by Sky TV payments/Premiership prize money which is spread over the season.

TBH how many times have posters suggested that VT should throw £5m at Malky in a gamble to get promoted? It's exactly the same thing.

Not really they haven't got a vt to bail them out when it all goes wrong just a tiny little council owned ground in a deprived area

stick the booth in!!!

I remember something about Burnley having the same kind of loss when they got promoted. It is to do with increased wages and bonuses which are paid for getting promoted and the £8.2m will be cancelled out by Sky TV payments/Premiership prize money which is spread over the season.

TBH how many times have posters suggested that VT should throw £5m at Malky in a gamble to get promoted? It's exactly the same thing.

Not really they haven't got a vt to bail them out when it all goes wrong just a tiny little council owned ground in a deprived area

stick the booth in!!!

Ha ha

I remember something about Burnley having the same kind of loss when they got promoted. It is to do with increased wages and bonuses which are paid for getting promoted and the £8.2m will be cancelled out by Sky TV payments/Premiership prize money which is spread over the season.

TBH how many times have posters suggested that VT should throw £5m at Malky in a gamble to get promoted? It's exactly the same thing.

Absolutely right Tony and in the case of Burnley the losses were even higher at £11.7m and their one season in the PL resulted in a £14m profit a net gain of £2.7m. However last season the club lost £4.4m even though they were in receipt of PL parachute payments, consequential losses associated to relegation were blamed for the loss.

Burnley are already planning for huge cuts in their operating budgets because of uncertainty about returning to the PL and the massive drop in revenues, possibly as much as £30m next season compared to their season in the PL.

Getting to the PL is one thing but for financial security you have to stay there. Not easy.

I remember something about Burnley having the same kind of loss when they got promoted. It is to do with increased wages and bonuses which are paid for getting promoted and the £8.2m will be cancelled out by Sky TV payments/Premiership prize money which is spread over the season.

TBH how many times have posters suggested that VT should throw £5m at Malky in a gamble to get promoted? It's exactly the same thing.

Not really they haven't got a vt to bail them out when it all goes wrong just a tiny little council owned ground in a deprived area

Point taken

Well they may have lost that then , but they got around 90 Mill now and I would love them to stay up ! I want a team in the prem, and 2 is even better

Jack b*stard

Innit.

He could have 6000 season tickets, but it still makes him Jack traitor scum. He has the audacity to call us 'plastic welshmen', well he's a bloosy plastic City fan.

Cardiff, Swansea, Wolves, Celtic....how many more Owain Glyndwr? Hedging your bets be fucked.

Its more important to me to see a Welsh team in the prem, and they got there and are doing well. your just a jelous prick and cant give credit where its due.

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?