Swansea City take loss of £3.2 million due to cut in broadcast revenue
4 April 2019
Pre-tax loss for financial year follows a profit of £13.4 million the year before.
Owners still willing to invest in players – but only in a sustainable way.
After seven years of Premier-League football in a row, Swansea City were relegated in the 2017/18 season. Not only did the Welsh club disappoint with 18th place and relegation from the Premier League, but the performance has also caused financial disappointment, as the club presented a pre-tax loss of £3.2 million for the financial year ending July 2018. The loss follows a profit of £13.4 million the previous year.
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