Swansea City news

Swans reveal cost of promotion

January 23, 2012
Swansea have revealed that their promotion to the Premier League contributed to a loss of £8.2 million in the financial year ending on May 31, 2011.

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Swansea became the first Welsh side to reach the Premier League when they beat Reading at Wembley at the end of May, and the club say the losses reflect the cost of the liabilities which arose as a result of promotion.

A club statement cites player and management ...

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