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Swans earn 75 million in tv money in 2013 - 2014

Discussion in 'Swansea City' started by roofjack_22, May 12, 2014.

  1. stevejack

    stevejack Active Member

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    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.
     
    #21
  2. roofjack_22

    roofjack_22 Well-Known Member

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    Thanks for the very interesting numbers stevejack ....bit surprised by the wage bill actually ....yikes
     
    #22
  3. ValleyGraduate12

    ValleyGraduate12 Aberdude's Puppet
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    Agree roof on the wage bill. I'd hate to see Man City's wage bill then.
     
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  4. DragonPhilljack

    DragonPhilljack Well-Known Member

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    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!......................<ok>
     
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  5. roofjack_22

    roofjack_22 Well-Known Member

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    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.
     
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  6. Dragonborn

    Dragonborn Active Member

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    But look at the income <yikes>

    All relative, my friends.
     
    #26
  7. daimungeezer

    daimungeezer Well-Known Member

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    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?
     
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  8. swantastic

    swantastic Well-Known Member

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    Thanks for that are there figures showing tax paid, class4 NI, vat etc ?
     
    #28
  9. stevejack

    stevejack Active Member

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    It looks like we paid £17m in tax, VAT etc
     
    #29
  10. stevejack

    stevejack Active Member

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    sorry £15m - forgot the dividends payout.
     
    #30

  11. swantastic

    swantastic Well-Known Member

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    that would by us a decent defender or 2:bandit:
     
    #31
  12. roofjack_22

    roofjack_22 Well-Known Member

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    The money we recieved for beating Sunderland last game was the equivalent to buying Michu and Dyer , with enough left over to party.
     
    #32
  13. pieguts

    pieguts Mentor

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    Read it's around £230 million.
     
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  14. ProjectVRD

    ProjectVRD Well-Known Member

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    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?
     
    #34
  15. LIBERTARIAN

    LIBERTARIAN Well-Known Member

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    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?
     
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  16. Monty Fisto

    Monty Fisto Well-Known Member

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    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.
     
    #36
  17. roofjack_22

    roofjack_22 Well-Known Member

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    I think weve made15 million each of the last 2 seasons that are counted
     
    #37
  18. glamexile

    glamexile Well-Known Member

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    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.
     
    #38
  19. ValleyGraduate12

    ValleyGraduate12 Aberdude's Puppet
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    Bloody hell that is not sustainable without the oil money <yikes>
     
    #39
  20. glamexile

    glamexile Well-Known Member

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    #40

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