Vision1 FM                       Light FM                         Light TV

Swansea City record healthy profit after Andre Ayew sale to West Ham United last summer

Swansea City reports a pre-tax profit of £13.4m for the last financial year due to the sale of key players including Ghana star Andre Ayew to West Ham United last summer.



Ayew, who has returned to Wales after just a season in East London, is among a number of high-profile players who left the club last term.

Figures published by BBC Sport show that overall turnover was a healthy £127.8m, a significant on the increase on the £97.2m turnover recorded in 2015/16.

Operating costs for 2016/17 were a shade over £150m, including the purchases of Fernando Llorente, Alfie Mawson, Jordan Ayew, Luciano Narsingh, Tom Carroll and Martin Olsson during the period in question.

The costs were, however, offset by the sales of Ashley Williams, Andre Ayew, Neil Taylor and Bafetimbi Gomis, leaving the club with a respectable profit.

Chairman Huw Jenkins said, "Running a financially sound football operation remains of paramount importance to the club. We will continue to work hard to find the right balance between growth, success on the field and prudent financial management."

 

 

Source:GhanaSoccerNet

More Politics

Gov’t to audit mines – Amewu Gov’t to audit mines – Amewu 2018-06-22 - Minister of Lands and Natural Resources, John Peter Amewu, has...
We Will Deal With Corruption Without Party Consideration – Nana Addo We Will Deal With Corruption Without Party Consideration – Nana Addo    2018-06-22 - President Akufo Addo has reiterated his pledge that the country’s...
19 factories completed so far under 1D1F – John Kumah 19 factories completed so far under 1D1F – John Kumah 2018-06-21 - The Chief Executive Officer of the National Entrepreneurship...
Selorm Adadevoh is MTN new CEO Selorm Adadevoh is MTN new CEO 2018-06-20 - MTN has appointed Selorm Adadevoh as the new Chief Executive...
NPP Replies Mahama Over His Claim of Incorruptibility And Unprovoked Attack On Akufo-Addo NPP Replies Mahama Over His Claim of Incorruptibility And Unprovoked Attack On Akufo-Addo 2018-06-20 - The ruling New Patriotic Party (NPP) is utterly shocked at claims...

More News..

Doctor jailed 10 years for defrauding NHIS Doctor jailed 10 years for defrauding NHIS 2018-06-22 - A former Medical Superintendent of the Essikado District Hospital,...
Snail Seller Takes Blame For Mahama’s Death Snail Seller Takes Blame For Mahama’s Death 2018-06-21 - The snail seller from whom Major Mahama asked direction to Denkyira...
NADMO seeks legal backing to demolish structures on waterways NADMO seeks legal backing to demolish structures on waterways 2018-06-20 - The National Disaster Management Organization(NADMO), is seeking...
Residents trapped as Monday downpour ‘submerges’ Accra Residents trapped as Monday downpour ‘submerges’ Accra 2018-06-19 - Residents in various parts of Accra were trapped in their homes...
Ibrahim battles Bauxite Case Ibrahim battles Bauxite Case 2018-06-18 - Exton Cubic Group Limited, which has links to Ibrahim Mahama,...