Profit with an empty stadium

Discussion in 'Swansea City' started by Stereo, Aug 14, 2018.

  1. Stereo

    Stereo Well-Known Member

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    It seems we are one of 10 teams that could have played in an empty stadium all season and still turned a profit........ this is why fans don't matter so much anymore to the business model :
    85.7% of our money came from TV. Just 5.8% from ticket sales.

    upload_2018-8-14_11-52-25.png


    https://www.bbc.co.uk/sport/football/44850888
     
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    Last edited: Aug 14, 2018
  2. aswan_dam

    aswan_dam Well-Known Member

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    Yes, made a similar comment on the Kaplan/Levein thread.
     
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  3. FrankfurterBlue

    FrankfurterBlue Well-Known Member

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    And close to all of that TV money went in wages, didn't it?
     
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  4. Stereo

    Stereo Well-Known Member

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    Did this take into account how much money is spent by fans whilst at the stadium ?
     
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  5. DragonPhilljack

    DragonPhilljack Well-Known Member

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    'Matchday income' so I would have thought so!.................<ok>
     
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  6. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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    Food and drinks is sold at the bars in the stadium are operated by SSMC - so that income is in the Stadium’s books.

    The Swans didn’t take control of the Stadium and own SSMC 100% until earlier this year.
     
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  7. trundles left foot

    trundles left foot Well-Known Member

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    So if we made a profit without the money spent by fans and we have got rid of anyone earning over £7.83 an hour, how are we so deep in the **** financially that we cant bring players in, am I being thick here and missing something.
     
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  8. Stumpy

    Stumpy Well-Known Member

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    I wonder how many clubs would still be in profit after tax?

    The only clubs referred to in the article are the one who cant afford to buy their place in the top 6. They don't have Oligarchs, Nation States and Oil Rich Billionaires to prop them up like those conspicuously absent from the article do.

    The top 6 clubs are the ones constantly used as being representative of success in the premier league so where are they in the article? is the article telling us all the top 6 clubs made pre-tax losses? If so then you could say that the top 6 positions in the premier league have been bought and not won through fair competition

    The article should have been about that surely, not some bullshit notion that some clubs don't need their fans anymore.

    That would be a worthy subject for a 'piece' and a good read too.
     
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    Last edited: Aug 14, 2018
  9. swanseaandproud

    swanseaandproud Well-Known Member

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    Fans are being ripped off anyway...:emoticon-0138-think
     
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  10. FrankfurterBlue

    FrankfurterBlue Well-Known Member

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    No!! The top six clubs have a big income from fans for gates, merchandise etc. Swansea make a loss on operational activity and mitigate it with transfer profits.
     
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  11. Stumpy

    Stumpy Well-Known Member

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    You're well versed in the finances of the Mighty Swans Frank <ok> would love your sources so I can read up on it all myself.

    All I was saying was that I think the premier league is like Google. Until recently you typed your search and the resultant list that came up was in order of popularity and relevance with the best matches to your query at the top of the list. Now its all different because the top of the results list are sponsored links where the position in the list has been purchased irrespective of its popularity or relevance to your search.

    Likewise in the prem, the top positions have been bought through the investment equivalent of the national debt of a small nation so, as I see it, the top positions have been payed for not played for.

    Just thought that would be a better topic for the article.
     
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  12. Matthew Bound Still Lurks

    Matthew Bound Still Lurks Well-Known Member

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    Where was Man City not that long ago ? ,although they have a more than respectable history it wasn't until the Abu Dhabi Group bought them that it has it seen them change beyond all recognition and with a spanking new Stadium given to them then that's a bit of a head start on most Clubs trying to compete
     
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  13. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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    Whilst I would agree with the main thrust of your argument, what you have said is not quite correct - for the y/e 31 July 2017, the Swans made £893k on operational activities, and boosted that with transfer profits, to make c£13m for the year before tax. <cheers>

    https://beta.companieshouse.gov.uk/company/00123414/filing-history
     
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  14. FrankfurterBlue

    FrankfurterBlue Well-Known Member

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    I think I could be forgiven for the 1m. profit that year. I do remember that the year everyone got a big dividend it was transfers profit and on here (Stumpy) I have read comments and references to articles where both my comments hold out. @Stumpy, I have a special interest in finances generally and therefore in clubs that interest me. One of the big four produces a host of tables on club finances and even the article at the subject of this thread had other info about the big six and their income streams. On the 'other income' subject, there was a table recently that had Swansea as having about 5 million.....amongst the lowest of Premier clubs.... I think Bournemouth was the absolute lowest, from memory.
     
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  15. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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    Hi Frankfurter, please be assured that I’m not trying to ‘score points’ <ok>

    A profit was made from Operational Activities in y/e 13,14,15 & 17. ‘Only’ y/e July 16 recorded a loss

    It was not ‘split’ out in F/Y 2012.

    Nevertheless, as I wrote earlier, I agree with the main thrust of your argument - that clubs like Swansea (will) need to rely on transfer profits to stay in the black <cheers>
     
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  16. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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    See the Yanks are now suing the Council and the builders of the stadium........
     
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  17. trundles left foot

    trundles left foot Well-Known Member

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    Why?
     
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  18. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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    Defective steelwork - I’m amazed the Council didn’t exclude such a course of action when they agreed to the sale of their shares in SSMC
     
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