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Losses up at Swansea

Swansea City publish 21/22 accounts when club finished 15th in Championship, reports Kieran Maguire. Income was down 27% as parachute payments come to an end. Wages were down 3% but still £137 for every £100 income.  Day by day losses were up 20% to £24m.  Player sale profits £11m.  Player purchases £7m.

Borrowings up 68% to £35m.  Swansea owners lent club money in 21/22 to help cover the operating losses.

Maguire: ‘Overall Swansea's final league position about where you would expect the club to be given the resources available.’

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