Swansea City FC have announced details of its latest accounts which show a healthy profit of £15.3m for the year ending May 31, 2013. The club saw its turnover, excluding player dealings, increase by £1.9m to £67.1m, up from £65.2m the previous year.
Profit before interest charges and taxation amounted to £20.6m which was made up of £8.4m from normal operations and £12.2m from player dealings which arose in the main from the sale of players Joe Allen and Scott Sinclair.
Swansea City FC have announced details of its latest accounts which show a healthy profit of £15.3m for the year ending May 31, 2013. The club saw its turnover, excluding player dealings, increase by £1.9m to £67.1m, up from £65.2m the previous year.
Profit before interest charges and taxation amounted to £20.6m which was made up of £8.4m from normal operations and £12.2m from player dealings which arose in the main from the sale of players Joe Allen and Scott Sinclair.
After adjusting for interest charges and taxation, the net profit was £15.3m compared with a £14.6m profit the previous year.
Swansea City’s Finance Director, Don Keefe, said: ‘We have put the funds generated by these profits to good use with the completion of a new £6m Youth Academy training facility near the Liberty Stadium, plus an initial £5m on a new training complex at nearby Fairwood.’