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Liberty Stadium expansion would cost £15 milllion - Huw Jenkins

Discussion in 'Swansea City' started by ShanghaiSwan, Jul 2, 2011.

  1. Jager

    Jager Well-Known Member

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    Dai it does not take £15m to run a league two side, we have audited accounts that state our running costs in total was a shade over £12m in total last year, and that figure was closer to £3m in the lower leagues!

    I can provide you with proof of that mate!
     
    #81
  2. DragonPhilljack

    DragonPhilljack Well-Known Member

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    Well I did some figures on this before, and wages alone could well be 15 Million, without fees, such as Graham £3.5 Million etc, I think 25 Million would be realistic, leaving 20 Million for club development! All guesstimates mind......................
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    #82
  3. Nottage Jack

    Nottage Jack Member

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    I would hope a good % of revenue is spent on items other than Transfer fees and wages. It would be a sin not to fully develop areas such as academy (and keeping some coins for a rainy day)
     
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  4. swimaway

    swimaway Well-Known Member

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    A bit of reality here guys. You can throw all our money at it and bulid a 50,000 seater stadium if you want but give me a decent goalie, cover for the wing backs and a strong, mature and experienced presence in midfield first .... otherwise it will be a long hard slog this year and definate religation and a 30k seater stadium will be empty.

    This is a no story until we get the players in!
     
    #84
  5. Jager

    Jager Well-Known Member

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    I do think we are spending more time on this than Jenkins and co to be honest ;) nothing is being done until January at the earliest, and depending on points accrued at that time.

    They have their hands full with other things ;)
     
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  6. swimaway

    swimaway Well-Known Member

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    hopefully
     
    #86
  7. mustyfrog

    mustyfrog Well-Known Member

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    i can't understand why the Council wouldn't assist by funding new projects to get ppl in and build a bigger stadium
     
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  8. nadddom

    nadddom New Member

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    Personally i dont think expanding the stadium will be a good idea. Simply because we dont have the demand for an extra 10,000 seats. Also if we were to be relegated then we will be playing in a half full/empty stadium. History proves this.

    Rail station at Landore? Very unlikely. It will become another waste of money, just like all the other community stations that have been open over the past few years. Cant imagine any TOC wanting to invest.

    Nobody here knows the cost of running the club in the Premiership, so why dont you all stop guessing the cost and being vindictive towards one and other because their guess is not the same as yours.
     
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  9. Stid

    Stid Active Member

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    Have a read of this article

    http://swissramble.blogspot.com/2011/06/wigan-athletics-unlikely-survival.html?utm_source=BP_recent

    Its about Wigan but gives good insight to the money involved in Premier league football

    The article lists the wages for each club for 2009/10 season, the lowest being:-

    Fulham - £49mil
    Blackburn - £47mil
    Bolton - £46mil
    Stoke - £45mil
    Birmingham - £44mil
    Wigan - £39mil
    Hull - £38mil
    Wolves - £30mil
    Burnley - £22mil

    Therefore I cant see Swansea hoping to survive if their wage bill isnt around £30-£35mil.

    Out of Swansea's estimated £47mil turnover I would guess this season

    Wages - £30mil
    Buying players - £8mil
    Operating expenses - £4mil (was £2mil last season)
    Money left in the bank - £5mil

    New wage contracts are puting players on 1/2 pay if relegated so the above is managable even if relegated ie wage bill would be £15mil against £26mil turnover (including parachute money of £16mil)

    Also remember extra bums on seats doesn't give a huge increase in revenue - 10k extra capacity would bring in around £3.5mil so would have to play Prem football for over 4 years(and sell out all the extra seats) to cover the cost of it.
     
    #89
  10. swanseaandproud

    swanseaandproud Well-Known Member

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    the team comes first, expanding the stadium is a lot of hot air by jenkins and not needed unless we can establish ourselves in the premiership over the next 4 or 5 years. without a quality team we are going nowhere and at the moment we have a lot of players to get yet as the current bunch are ok but none are proven, we need a goalkeeper of the quality better than dorus for a start, we have been linked to plenty of good players but to be honest most will go else where because of our wage structure, this is where jenkins and co are wrong, we need to find a balance and accept that we must pay a bit more than we are offering for certain players that we need, we are here now and it will be a shame if we dont do our best to stay here because we may not get another chance, lets grasp our achievement with both hands....
     
    #90

  11. Jager

    Jager Well-Known Member

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    Yes but you are talking Swansea now not those other teams, you need to look at what blackpool did last season, everyone knows Jenkins don't like spending money, there is no way he will allow all the money earned to be spent on players, and we still need to fund the academy also , so I would say that we will have quite a sum left over at the end of the season, also I would estimate that £47m is quite conservative, I would sat it will be closer to £50m this season.
     
    #91
  12. swanseaandproud

    swanseaandproud Well-Known Member

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    well if you say jenkins wont spend money then what hope is there apart from little hope, as a football club who against all the odds have reached the pinnacle of our existence then im afraid he had better start to get in the real world of life in the premiership and find a balance or our stay will be a short one that can be avoided....
     
    #92
  13. DragonPhilljack

    DragonPhilljack Well-Known Member

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    Well it's all opinion, but I think the board will be looking long term, and that would mean they would capitalise on the profits, yes the risk of coming back down is greater, but the profit is greater too, and while it would mean that we become a yoyo club for three or four years, it would also mean that we will be able to gear up to the next level, with a sustainable model, I don't think that the priority will be to splash out on over rated Premiership players, and no would I want that, and it seems to me we are looking to do just that, some experience at the back and midfield, and maybe up front, plus the issue of the goal keeper, three or four players, who's quality is good enough for the Premiership, rather than looking for the designer label, which is always over priced, and simply does the same job!..................
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    EG: Brendan Rodgers conceded then that a deal for Senna was likely to prove "a bit too rich" for Swansea, who are determined to avoid any reckless spending as they prepare for the top flight. - EP........
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    #93
  14. Crackerjack

    Crackerjack Active Member

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    If you really are Daiswan , you got more guts than Dick Tracy coming on here & slagging Huw after all this success we've had while buying players for peanuts & running the club on a shoestring . Your looking a bit ..... not to smart , to say the least !!
     
    #94
  15. Stid

    Stid Active Member

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    Blackpool's wage bill was £20mil, Burnley's in 2009/10 was £22mil and both got relegated.

    I think Swansea need to pitch above this to have a chance of surviving.

    I believe a few of the bottom clubs have a voluntary wage cap of £20k pw where they agree to only pay 2 squad members above this level.
     
    #95
  16. Jager

    Jager Well-Known Member

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    Spending money is not an insurance policy to stay up, Blackpool were unfortunate, if a few things went their way and it would be a different now, but I would be amazed if it will go above £20m , not because of the figure, but because of Huw.
     
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  17. swanseaandproud

    swanseaandproud Well-Known Member

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    we are not getting the players though, we dont have one premiership player on the books yet. we have premiership club players but no first proven team players, a huge difference......that wont do or keep us up and why cant we get these players that we are linked to..........wages that why.
     
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  18. Jager

    Jager Well-Known Member

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    and to be honest Dai, I am happy with it, money for over priced prima donnas who are just after a pay day, is not what we need, give me hungry players out to prove a point any day of the week, if we come down after a season so be it, but being reckless is not wanted, look at hull!
     
    #98
  19. swanseaandproud

    swanseaandproud Well-Known Member

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    i dont care what hull, Blackpool or any other club, i worry about us and now we have reached our goal we have to do everything we can to stay here, we cannot run a premiership club by championship standards like we are. we have been given a shed full of money so we must wake up and pay the going rate for players that we are desperate for and would come if they are paid the going rate as their peers in other premiership clubs of the same or similar size. failure to do this will result in sub standard players who nobody wants. success breeds success but failure will send the club down like a stone. who wants to go to matches and see us lose most of the time because we want to keep the bank balance up. the fans will fall away once the novelty wears off and what then, pay peanuts get monkeys......
     
    #99
  20. Jager

    Jager Well-Known Member

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    Dai paying someone a million a year is not peanuts, and that is the absolute maximum any player should be on at our club! And the risk is that you pay a fortune then still get a monkey, most players will probably be on half that!

    We can't afford to compete wage wise, if players don't the terms they can go elsewhere IMO , they won't be missed !
     
    #100

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