Swindon move into profit

Swindon Town turnover up £2m in 2021/22 following end of lockdown and club has gone from a £1.1m loss to a £158k profit, reports Kieran Maguire.

Despite the 2022 profits Swindon have clocked up losses of over £13m in previous seasons and reliant on owner loans for funding.

Swindon had furlough income of £581k in 2020/21 to help club survive Covid, these dried up in 21/22 as lockdown ended.

Swindon’s whole squad cost zero by end of 21/22.

Swindon’s total borrowings went from £4m to £5m as owner Clem Morfuni restructured and extended support for the club.

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