CroJack
Key Player
"There is some confusion and questioning over where the money has gone from Swansea City Football Club since Levien and Kaplan have taken ownership.
Taken out of the club and moved off to D.C United? Helping to pay Wayne Rooney’s ridiculous wages? Those claims are wide of the mark. Why? Simply because the money has been overspent and we’re now paying the price. There’s been rumours that the club is in £30m of debt and when you sum everything up – it’s probably not wide of the mark when we’re looking to get the wage bill down to a manageable level for a Championship club. Our turnover is going to massively decrease and parachute payments probably won’t cover our operating costs – and they decrease further over the next two years."
Read this excellent article here:
https://swansea.vitalfootball.co.uk...ited-financial-accounts-paint-a-bleak-picture
Taken out of the club and moved off to D.C United? Helping to pay Wayne Rooney’s ridiculous wages? Those claims are wide of the mark. Why? Simply because the money has been overspent and we’re now paying the price. There’s been rumours that the club is in £30m of debt and when you sum everything up – it’s probably not wide of the mark when we’re looking to get the wage bill down to a manageable level for a Championship club. Our turnover is going to massively decrease and parachute payments probably won’t cover our operating costs – and they decrease further over the next two years."
Read this excellent article here:
https://swansea.vitalfootball.co.uk...ited-financial-accounts-paint-a-bleak-picture