Here's the financial year (based on last season tv money etc) Accounts for the year to 31 May 2013 Ownership: Martin Morgan, 22.5%; Brian Katzen, 20%; Swansea City Supporters Society Limited (supporters trust) 20%; chairman Huw Jenkins 12.5%; Robert Davies 10% Turnover: Joint 16th in league, £67m (up from £65m in 2012) Match income: £10m Media: £51m Commercial and other: £6m Wage bill: 17th highest, £49m (up from £35m in 2012) Wages as proportion of turnover: 73% Profit before tax: £21m (up from £17m in 2012) Net debt: Nil; £4m cash in the bank Interest payable: £0.05m Highest paid director: Huw Jenkins, £250,000 The state it's in: Widely regarded as a model club, including by the Premier League's chief executive, Richard Scudamore, who said their ownership, with 20% held by the supporters trust and a fan elected on the board, is ideal. Swansea made a large profit principally from selling Joe Allen to Liverpool and Scott Sinclair to Manchester City – yet the wage bill jumped 40%, to £49m. This was the year the directors awarded the owners a handsome £2m in dividends; it was generally accepted by Swans fans, given the fairytale journey from financial ruin in 2001 which these owners, mostly local men, have effected.
Thanks for the very interesting numbers stevejack ....bit surprised by the wage bill actually ....yikes
I think Bony's purchase has skewed the wage bill a tad, but if we can keep the wage bill down to around £45 Million, we will year on year be building a healthy surplus of between £15 and £20+ Million, and that's not to be sniffed at!......................
Ya really valley , holy sh#t....something is wrong with wages in pro sport .Man City must spend a flippin fortune , how can anyone keep up . We spent all that money on wages and were 4th lowest ...scary.
Another reason why we can't sign too many "big" players unfortunately is that they come with bigger wages. Would there be unrest and splits in the camp if there's a noticeable difference in salaries?
The money we recieved for beating Sunderland last game was the equivalent to buying Michu and Dyer , with enough left over to party.
The Swans made the most profit pre-tax last season in the Premier League, but Man Utd made the most after tax? Does anyone here know how that happens?
Does anyone know how this money is paid? Dripfed on a monthly basis,perhaps,or in 3 or 4 lump sum payments? Surely,not at the end of the season?
I think the £4m in the bank refers to how much credit the club had at the time rather than the years profit after taxation. Swans paid £2.8m tax on the £17m profits from the year before, so we are likely to have paid around £3m this year.
It shows how much clubs like ours are dependent upon media income with match and other income only about a third of the wage bill.
Here is the Man City individual players salaries - real telephone number stuff with Agüero on a mind boggling £220k per WEEK and poor Scott Sinclair a miserly £55k a week. Manuel Pallegrini's annual salary is £5 Million http://www.tsmplug.com/football/man-city-players-salaries-2014/