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Thread: swansea Accounts

  1. #1

    swansea Accounts

    The club is in freefall.

    https://www.fansnetwork.co.uk/footba...counts-.../#50

    Won't be long before Wrexham are the second biggest team in Wales

  2. #2

    Re: swansea Accounts

    Quote Originally Posted by Dave St View Post
    The club is in freefall.

    https://www.fansnetwork.co.uk/footba...counts-.../#50

    Won't be long before Wrexham are the second biggest team in Wales
    Saw this on their site and most seem quite relaxed about it based on income that will show in the next accounts?

    I suspect we are a worse position especially based on limitations in the Jan window - I suspect we won't know for sure until tan leaves??

  3. #3

    Re: swansea Accounts

    Just a reminder that we owe £100 million to Tan and Dalman.

  4. #4

    Re: swansea Accounts

    Of course, But not an issue.

    Their American friends are draining the club - Won't be long until league 1 and 2 beacons

    We need to start displaying the American flag at our next game against them - it could be their last 'Champions league final' against us

  5. #5

    Re: swansea Accounts

    A big problem plenty of Championship clubs have is they feel they need to have at least 2 experienced players in each position, this is a huge drag on finances as they're on far more money than younger players who could play that fringe role

  6. #6

    Re: swansea Accounts

    Quote Originally Posted by Captain_Sensible View Post
    Just a reminder that we owe £100 million to Tan and Dalman.
    Their own mistakes…..if I ran my business badly I lose money…..

  7. #7

    Re: swansea Accounts

    The Jacks type of owners are kind of sinister and scary.

    I get the old school owner like Grogan, Clemo. Local business men trying to do their bit for their local team. They become a bit of a local celebrity and use the position to get more business (in theory)

    The you have your Jack Warners, big money, prepated to lose a bit to give back to their community as a sort of fairy godmother

    Then the bored billionaires. They rarely make their pastime pay, whether that be horses, cycling teams, F1 or football teams. But it gives them an interest outside thier world, lots of noteriety and fame then write off most of the losses against tax in the holding company

    This faceless hedge fund lot are in it for a 10% or more year on year return of their investment. They are measuring up the assets and selling at the right price. I think the Jacks are entering a bad place. Not sure they have anything to sell now, so it will be slashing costs next.

  8. #8

    Re: swansea Accounts

    Quote Originally Posted by Captain_Sensible View Post
    Just a reminder that we owe £100 million to Tan and Dalman.
    Didn't Tan do a loan to equity conversion ?

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