Swansea City : Is there an answer to any of this ? 💲? 20:20 - Dec 18 with 6071 views | SwansIndependent | Swansea City : Is there an answer to any of this ? 💲? 18th Dec 2023 20:16Swansea City as a football club has been carefully stripped of its best assets over the past five years. The prime example the sale of Joel Piroe this summer, and then the money in for Olivier Ntcham and Joel Latibeaudiere, which massively increased the coffers. We are not going to go in to exact figures but suffice to say another big profit on sales and incomings was made. 6 That’s a fair few quid, click above.
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Swansea City : Is there an answer to any of this ? 💲? on 20:05 - Dec 19 with 1718 views | Joesus_Of_Narbereth |
Swansea City : Is there an answer to any of this ? 💲? on 19:32 - Dec 19 by vetchonian | Because the article talks about profit but is the "profit" from player trading , its decides to omit the costs of running the club, and selling "key assets" in the form of "star players" has been part of our fiscal survival plan prior to the current ownership model. I think most of us would agree there has been mismanagement in the "reinvestment" of monies into player replacement/accquisition and lets not forget for the first season after relegation the illustrious HJ was running player recruitment. |
If the rumoured wages of Bony and Ayew were anywhere near accurate at 100k and 80k a week respectively then that’s probably a good 20 million gone on wages since relegation on those two players alone. Then you had other players who would have had big contracts while we were in the PL like Routledge, Dyer, Naughton, Borja Baston, Van Der Hoorn, leroy fer, Mulder and Nordvelt etc who would have been on huge money for the championship. Some of this would have been mitigated by loans etc but a huge amount of money would have been spunked away on these players. It’s probably nowhere near the amount made on transfer profit mind but it is a mitigation towards where a significant chunk has gone. | |
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Swansea City : Is there an answer to any of this ? 💲? on 20:07 - Dec 19 with 1716 views | vetchonian |
Swansea City : Is there an answer to any of this ? 💲? on 19:56 - Dec 19 by KeithHaynes | I thought he bought the car park for 50k. Now yes, I’m having a bit of a laugh, I just wish more people were involved to bring to the attention of everyone from 1997 how corrupt the whole club was. It took three years hard work. |
I was focusing on how Mel "saved " the club without his financial bits things may well have been different, campaigns protests etc all had their place in raising awareness and I am aware of all that was being done by many during those times to highlight the rotten core in the club BUT ultimately Mel managed to sort it. Interestingly he originally offered to buy the club from Mike Lewis but Mike refused to sell to him but then did to Petty the rest as we know is history. Today is different what we have is real incompetency in running a football club but those in charge do have some financial clout but are not always using those finances wisely whilst also attempting to keep a money pit ( which football clubs are ) form completely emptying) | |
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Swansea City : Is there an answer to any of this ? 💲? on 20:11 - Dec 19 with 1687 views | KeithHaynes |
Swansea City : Is there an answer to any of this ? 💲? on 20:05 - Dec 19 by Joesus_Of_Narbereth | If the rumoured wages of Bony and Ayew were anywhere near accurate at 100k and 80k a week respectively then that’s probably a good 20 million gone on wages since relegation on those two players alone. Then you had other players who would have had big contracts while we were in the PL like Routledge, Dyer, Naughton, Borja Baston, Van Der Hoorn, leroy fer, Mulder and Nordvelt etc who would have been on huge money for the championship. Some of this would have been mitigated by loans etc but a huge amount of money would have been spunked away on these players. It’s probably nowhere near the amount made on transfer profit mind but it is a mitigation towards where a significant chunk has gone. |
How’s your preparations going for the big day ? Many in on the 25th ? | |
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Swansea City : Is there an answer to any of this ? 💲? on 22:53 - Dec 19 with 1570 views | Boundy |
Swansea City : Is there an answer to any of this ? 💲? on 09:05 - Dec 19 by Chippy69 | They really are full of shit💩 |
That's why some call them septic's | |
| "In a free society, the State is the servant of the people—not the master." |
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Swansea City : Is there an answer to any of this ? 💲? on 12:07 - Dec 20 with 1432 views | vetchonian |
Swansea City : Is there an answer to any of this ? 💲? on 16:50 - Dec 19 by KeithHaynes | It’s about financial incomings weighed against outgoings. If you want a book on it I doubt he had the time. It’s a specific topic in isolation informing fans of the excess money. Not a competition to analyse the whole club and everything associated to it. |
totally misleading as I repeat myself there is no mention of the outgoings for running the club....it only looks at the difference between the monies received from sale of players against what was spent on player acquisition. | |
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Swansea City : Is there an answer to any of this ? 💲? on 23:07 - Dec 20 with 1260 views | KeithHaynes |
Swansea City : Is there an answer to any of this ? 💲? on 12:07 - Dec 20 by vetchonian | totally misleading as I repeat myself there is no mention of the outgoings for running the club....it only looks at the difference between the monies received from sale of players against what was spent on player acquisition. |
Well done, you’ve got it. The only thing misleading is you misleading yourself, the feature is addressing the money in to the club and then balancing that against sales. I’m pretty certain it couldn’t be any clearer, you’re now asking questions which are not a part of this feature. Which actually is what we wanted people to do at the end of reading it. Job done. Once you get over your belief it’s misleading and look at the figures which are not, maybe you will see a huge question mark over the management of money by the club over five years.
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Swansea City : Is there an answer to any of this ? 💲? on 00:58 - Dec 21 with 1203 views | majorraglan |
Swansea City : Is there an answer to any of this ? 💲? on 12:07 - Dec 20 by vetchonian | totally misleading as I repeat myself there is no mention of the outgoings for running the club....it only looks at the difference between the monies received from sale of players against what was spent on player acquisition. |
As per above from Kieth and my post from yesterday timed 14.25 on 19.12.23, the original post is highlighting the funds generated from player sales, it doesn’t refer to out goings. Nobody is denying there are out goings and running costs, the article is merely highlighting the revenue raised from player sales and (well at least in my case) prompting me to think about where the money (and how much) from the player sales and other streams such as ticket sales, etc is being spent. [Post edited 21 Dec 2023 1:00]
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Swansea City : Is there an answer to any of this ? 💲? on 01:51 - Dec 21 with 1173 views | Treforys_Jack | What's the point though, if the fact that any other expenditure is ignored, yes we've made good money in player sales, but that's what's kept the club running and I'd wager we are financially in a decent position compared to most other clubs. If we want to talk about money wasted on player purchases and over exuberant wages, that is a whole other discussion. | | | | Login to get fewer ads
Swansea City : Is there an answer to any of this ? 💲? on 22:38 - Dec 21 with 1027 views | ReslovenSwan1 | Vincent Tan reported he was losing £2m a month. This is horrendous. Championship players are all over paid . Joel Latibeaudiere wanted £500k a year and was not very good. Martin got pissed off for because of amongst other things Swansea only offer £7 ka week. He is now getting splinters at Coventry using the Goykeres money. They have been here 7 and a half years. 7.5 x 12 x £2m = £180m. | |
| Wise sage since Toshack era |
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Swansea City : Is there an answer to any of this ? 💲? on 23:06 - Dec 21 with 977 views | majorraglan |
Swansea City : Is there an answer to any of this ? 💲? on 22:38 - Dec 21 by ReslovenSwan1 | Vincent Tan reported he was losing £2m a month. This is horrendous. Championship players are all over paid . Joel Latibeaudiere wanted £500k a year and was not very good. Martin got pissed off for because of amongst other things Swansea only offer £7 ka week. He is now getting splinters at Coventry using the Goykeres money. They have been here 7 and a half years. 7.5 x 12 x £2m = £180m. |
What Vincent Tan may or may not have lost at Cardiff City is irrelevant. Are you trying to suggest that the owners have lost £180m in 7.5 years? That is not something reflected in the profit and losses reported in the annual accounts filed at Companies House. I don’t think many people would argue that players are overpaid. In a previous post on this forum you said you weren’t an accountant which is fair enough, but if you’re going to talk figures the least you could do is check your facts before posting otherwise your misleading people - unless of course that’s what your seeking to do. | | | |
Swansea City : Is there an answer to any of this ? 💲? on 23:57 - Dec 21 with 941 views | ReslovenSwan1 |
Swansea City : Is there an answer to any of this ? 💲? on 23:06 - Dec 21 by majorraglan | What Vincent Tan may or may not have lost at Cardiff City is irrelevant. Are you trying to suggest that the owners have lost £180m in 7.5 years? That is not something reflected in the profit and losses reported in the annual accounts filed at Companies House. I don’t think many people would argue that players are overpaid. In a previous post on this forum you said you weren’t an accountant which is fair enough, but if you’re going to talk figures the least you could do is check your facts before posting otherwise your misleading people - unless of course that’s what your seeking to do. |
Swansea city had reported no debt after recent investments. Once the team left the Premier league the club had monthly trading losses of between £1m and £2m. Why were you not aware of this? The reason you are not aware of this is the club were able to absorb these deficits by player trading. Buying cheap and selling high. In recent times McBurnie, James ,Rodon, Downes, etc . This meant there were cash reserves in the club to fulfill all commitments. Failure to do this means legal action and bankruptcy. There were no profits and no dividends to shareholders. There is no money to send Stateside. Cardiff city a similarly sized club in the same league and they reported £2m loses every month before Covid. Tan is down £100m. Stoke is even worse and Middlesbrough. I am not an accountant but to quote Bob Dylan "You do not need to be a weatherman to know which way the wind blows". This forum has gone in hard and tolerating slurs against US citizens investing ad trying to do a good job in the face of inflation, high energy prices falling crowds and injured footballers. They posted a 'mickey mouse' financial summary. It is not easy but Uncles Sam is here to make a fist of it. I back Coleman. Swansea like Wrexham would be in a mess without US investment. Newport have been saved by a Welsh missionary Huw Jenkins. All doers. | |
| Wise sage since Toshack era |
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Swansea City : Is there an answer to any of this ? 💲? on 00:37 - Dec 22 with 928 views | majorraglan |
Swansea City : Is there an answer to any of this ? 💲? on 23:57 - Dec 21 by ReslovenSwan1 | Swansea city had reported no debt after recent investments. Once the team left the Premier league the club had monthly trading losses of between £1m and £2m. Why were you not aware of this? The reason you are not aware of this is the club were able to absorb these deficits by player trading. Buying cheap and selling high. In recent times McBurnie, James ,Rodon, Downes, etc . This meant there were cash reserves in the club to fulfill all commitments. Failure to do this means legal action and bankruptcy. There were no profits and no dividends to shareholders. There is no money to send Stateside. Cardiff city a similarly sized club in the same league and they reported £2m loses every month before Covid. Tan is down £100m. Stoke is even worse and Middlesbrough. I am not an accountant but to quote Bob Dylan "You do not need to be a weatherman to know which way the wind blows". This forum has gone in hard and tolerating slurs against US citizens investing ad trying to do a good job in the face of inflation, high energy prices falling crowds and injured footballers. They posted a 'mickey mouse' financial summary. It is not easy but Uncles Sam is here to make a fist of it. I back Coleman. Swansea like Wrexham would be in a mess without US investment. Newport have been saved by a Welsh missionary Huw Jenkins. All doers. |
The club may have had monthly trading deficits, but at the end of each financial year it publishes a set of accounts and those figures don’t come anywhere close to losses on the scale you implied for Cardiff City. For what it’s worth, I agree that the club should be run on a sustainable basis and I’ve never advocated haemorrhaging cash the club can’t afford. Im fully aware of the concept of buying cheaply and selling for a higher prices, but that’s going to be more difficult moving forward as some of the players you mentioned came through the clubs Cat 1 academy - and as the academy is no longer a Cat 1 academy it means players can be poached “on the cheap” - check out some of the losses Cardiff have experienced. Just because there may not be profits or dividends, it doesn’t mean there wouldn't be any money to send Stateside. It’s entirely feasible that directors, or other interested parties could bill the club for their time or input in the form of consultancy fees - these could easily be absorbed and concealed in the clubs outgoings and in many cases wouldn’t be shown in the published accounts. It’s likely they’d be documented in the internal management accounts and statements, but if access to those documents is restricted to a small group it’d be very hard to ascertain that information. I’m not saying payments are being made, but they could be, the only way we’d know for sure is to have the management accounts. The article was in my opinion encouraging people to think about things and have an open mind. The owners do have a choice, they can try and make a go of it or they can walk away. While there are fans who are pro and others who are against the American owners, I’d suggest most fans want them to succeed and there won’t be many who’d want them to completely fail. The problem the owners have is that a lot of fans don’t trust or believe them, the fans see what they believe to be a deteriorating picture developing without any light at the end of the tunnel. If the owners want to get the fans back on board, they are going to have to build trust, but that’s easier said than done. [Post edited 22 Dec 2023 7:37]
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Swansea City : Is there an answer to any of this ? 💲? on 01:41 - Dec 22 with 910 views | KeithHaynes |
Swansea City : Is there an answer to any of this ? 💲? on 23:57 - Dec 21 by ReslovenSwan1 | Swansea city had reported no debt after recent investments. Once the team left the Premier league the club had monthly trading losses of between £1m and £2m. Why were you not aware of this? The reason you are not aware of this is the club were able to absorb these deficits by player trading. Buying cheap and selling high. In recent times McBurnie, James ,Rodon, Downes, etc . This meant there were cash reserves in the club to fulfill all commitments. Failure to do this means legal action and bankruptcy. There were no profits and no dividends to shareholders. There is no money to send Stateside. Cardiff city a similarly sized club in the same league and they reported £2m loses every month before Covid. Tan is down £100m. Stoke is even worse and Middlesbrough. I am not an accountant but to quote Bob Dylan "You do not need to be a weatherman to know which way the wind blows". This forum has gone in hard and tolerating slurs against US citizens investing ad trying to do a good job in the face of inflation, high energy prices falling crowds and injured footballers. They posted a 'mickey mouse' financial summary. It is not easy but Uncles Sam is here to make a fist of it. I back Coleman. Swansea like Wrexham would be in a mess without US investment. Newport have been saved by a Welsh missionary Huw Jenkins. All doers. |
Well done you 👍 | |
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Swansea City : Is there an answer to any of this ? 💲? on 08:47 - Dec 22 with 846 views | QJumpingJack |
Swansea City : Is there an answer to any of this ? 💲? on 23:57 - Dec 21 by ReslovenSwan1 | Swansea city had reported no debt after recent investments. Once the team left the Premier league the club had monthly trading losses of between £1m and £2m. Why were you not aware of this? The reason you are not aware of this is the club were able to absorb these deficits by player trading. Buying cheap and selling high. In recent times McBurnie, James ,Rodon, Downes, etc . This meant there were cash reserves in the club to fulfill all commitments. Failure to do this means legal action and bankruptcy. There were no profits and no dividends to shareholders. There is no money to send Stateside. Cardiff city a similarly sized club in the same league and they reported £2m loses every month before Covid. Tan is down £100m. Stoke is even worse and Middlesbrough. I am not an accountant but to quote Bob Dylan "You do not need to be a weatherman to know which way the wind blows". This forum has gone in hard and tolerating slurs against US citizens investing ad trying to do a good job in the face of inflation, high energy prices falling crowds and injured footballers. They posted a 'mickey mouse' financial summary. It is not easy but Uncles Sam is here to make a fist of it. I back Coleman. Swansea like Wrexham would be in a mess without US investment. Newport have been saved by a Welsh missionary Huw Jenkins. All doers. |
yes this forum is hard to tolerate when certain posters are making irresponsible comments about single-mums. | | | |
Swansea City : Is there an answer to any of this ? 💲? on 09:39 - Dec 22 with 800 views | Whiterockin |
Swansea City : Is there an answer to any of this ? 💲? on 08:47 - Dec 22 by QJumpingJack | yes this forum is hard to tolerate when certain posters are making irresponsible comments about single-mums. |
Particularly when a certain poster continually slags off the trust and calls them names. Then threatens to call in the riot police when similar is justifiably done to the owners. | | | |
Swansea City : Is there an answer to any of this ? 💲? on 09:49 - Dec 22 with 776 views | onehunglow |
Swansea City : Is there an answer to any of this ? 💲? on 23:57 - Dec 21 by ReslovenSwan1 | Swansea city had reported no debt after recent investments. Once the team left the Premier league the club had monthly trading losses of between £1m and £2m. Why were you not aware of this? The reason you are not aware of this is the club were able to absorb these deficits by player trading. Buying cheap and selling high. In recent times McBurnie, James ,Rodon, Downes, etc . This meant there were cash reserves in the club to fulfill all commitments. Failure to do this means legal action and bankruptcy. There were no profits and no dividends to shareholders. There is no money to send Stateside. Cardiff city a similarly sized club in the same league and they reported £2m loses every month before Covid. Tan is down £100m. Stoke is even worse and Middlesbrough. I am not an accountant but to quote Bob Dylan "You do not need to be a weatherman to know which way the wind blows". This forum has gone in hard and tolerating slurs against US citizens investing ad trying to do a good job in the face of inflation, high energy prices falling crowds and injured footballers. They posted a 'mickey mouse' financial summary. It is not easy but Uncles Sam is here to make a fist of it. I back Coleman. Swansea like Wrexham would be in a mess without US investment. Newport have been saved by a Welsh missionary Huw Jenkins. All doers. |
Subterranean Homesick Blues Johnnys in in the basement…. Wonderful and easy to play but not to sing it | |
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Swansea City : Is there an answer to any of this ? 💲? on 10:06 - Dec 22 with 761 views | swan_si |
Swansea City : Is there an answer to any of this ? 💲? on 08:47 - Dec 22 by QJumpingJack | yes this forum is hard to tolerate when certain posters are making irresponsible comments about single-mums. |
He retracted that comment, but you knew that, didnt you? [Post edited 22 Dec 2023 11:00]
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Swansea City : Is there an answer to any of this ? 💲? on 15:19 - Dec 22 with 662 views | ReslovenSwan1 |
Swansea City : Is there an answer to any of this ? 💲? on 09:39 - Dec 22 by Whiterockin | Particularly when a certain poster continually slags off the trust and calls them names. Then threatens to call in the riot police when similar is justifiably done to the owners. |
I do not call the Trust names. I ask the question why they have failed to sell any of their shares when it had a 10,000% return being in the Premier league for 7 seasons?. The members have no answers. Sadly i needs shutting down. Even now worth around £5m. It will wither to £2m I expect | |
| Wise sage since Toshack era |
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Swansea City : Is there an answer to any of this ? 💲? on 15:26 - Dec 22 with 648 views | union_jack |
Swansea City : Is there an answer to any of this ? 💲? on 15:19 - Dec 22 by ReslovenSwan1 | I do not call the Trust names. I ask the question why they have failed to sell any of their shares when it had a 10,000% return being in the Premier league for 7 seasons?. The members have no answers. Sadly i needs shutting down. Even now worth around £5m. It will wither to £2m I expect |
Although grammatically incorrect, not many will disagree with the opening sentence of your last paragraph😉 | |
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Swansea City : Is there an answer to any of this ? 💲? on 15:54 - Dec 22 with 612 views | KeithHaynes |
Swansea City : Is there an answer to any of this ? 💲? on 15:19 - Dec 22 by ReslovenSwan1 | I do not call the Trust names. I ask the question why they have failed to sell any of their shares when it had a 10,000% return being in the Premier league for 7 seasons?. The members have no answers. Sadly i needs shutting down. Even now worth around £5m. It will wither to £2m I expect |
The club have protected that from happening I’m told. | |
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Swansea City : Is there an answer to any of this ? 💲? on 20:59 - Dec 23 with 464 views | SullutaCreturned |
Swansea City : Is there an answer to any of this ? 💲? on 10:06 - Dec 22 by swan_si | He retracted that comment, but you knew that, didnt you? [Post edited 22 Dec 2023 11:00]
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If I called you something nasty but then retracted it, would you feel any the less insulted? Was there an apology? If the owners want to build trust then try being honest, try not hiding things or trying to micromanage things like the press conferences. Bad news still gets out. Obviously some things need to be kept secret like transfer targets or the transfer budget so other clubs can't take advantage but treating their on fans like mushrooms isnt a good look. | | | |
Swansea City : Is there an answer to any of this ? 💲? on 21:23 - Dec 23 with 437 views | swan_si |
Swansea City : Is there an answer to any of this ? 💲? on 20:59 - Dec 23 by SullutaCreturned | If I called you something nasty but then retracted it, would you feel any the less insulted? Was there an apology? If the owners want to build trust then try being honest, try not hiding things or trying to micromanage things like the press conferences. Bad news still gets out. Obviously some things need to be kept secret like transfer targets or the transfer budget so other clubs can't take advantage but treating their on fans like mushrooms isnt a good look. |
Really not sure about an apology. But I'm sure by retracting that line he realised he was out of order. | | | |
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