Swansea City reports £15.2m pre-tax loss amid competitive EFL Championship

Swansea City FC has reported a pre-tax loss of £15.2 million for the 11 months ending June 30, 2024, an improvement from the previous year's loss of £17.9 million. The club's turnover remained steady at £21.5 million, while player trading generated a profit of £10.5 million, including a significant sale of striker Joel Piroe to Leeds United. Increased operational expenses, rising to £47 million, were attributed to a significant squad turnover and investments in player registrations amounting to £6 million. The club's board acknowledged the competitive nature of the EFL Championship as a factor in their financial challenges, emphasizing the need for operational efficiencies. Swansea's ownership group is expected to remain the primary funding source, especially in light of uncertainty regarding a redistribution agreement between the EFL and the Premier League. Despite these losses, Swansea asserts compliance with EFL Profitability and Sustainability regulations.