The best Twitter football financial expert gives his analysis on our last financial performance figures. For some reason there's no mention of the tens of millions taken out out of the club by the owners. Can't imagine why.
Swansea Cityâ€™s 2019/20 accounts covered a season when they finished 6th in the Championship under head coach Steve Cooper, thus reaching the play-offs, but were eliminated in the semi-final by Brentford. Some thoughts in the following thread #Swans
Accumulated losses of more than Â£130m in their most recent results. Plenty on here would be happy to see us in the same situation as long as it satisfies their calls for "ambition" or "clout" or whatever they want to dress their demands for the club to spend more than it can afford as.
Readingâ€™s accounts have been published for 2019/20...
Total accumulated loss of Â£138 million
Spending 211% on wages than theyâ€™re getting in revenue
With more than a dozen players falling out of contract in June, players that are likely to still be on big wages for the most part, it could be a busy close season. Just looking at some of the names there (Baston, Carroll, VdH) you'd have to think that at least Â£200,000 per week will be coming off the payroll. A lot more if Ayew goes too.
With Leon's recent comments about the club's new recruitment structure primarily targeting the next window (hence us mostly using Cooper's links to add some depth for now), it all seems to suggest that we're just biding our time now ready for a big revamp come the summer.
The last occasion we had so many gaps in our squad was the summer of 2002. Let's hope this time around we're a lot better prepared.
Little Nath has to be up there on the list of best "pound for pound" signings we've made in the last 25/30 years, and for the most part of that we did some good business (if we went a bit mental in the last year or two in the Prem).
Free - Trundle, Robinson, Britton, Tate, Monk, Martinez, Fabianksi Less than Â£100k - Scotland, Bodde, Dobbie, Rangel, McBurnie, James Less than Â£1m - Ash, Dyer, Sinclair (initially) Less than Â£3m - Michu, Flores, Routledge, Cork
And why the idiocy of demanding more and more spending must be resisted. There's no way to be sure of buying our way out of the division. We have to be smarter than others, not more profligate.
And the passage;
"Tony Pulis tried to bring other players to the club in a bid to push for promotion, while adhering to owner Steve Gibson's request to cut costs that had spiralled under the previous manager, Garry Monk"