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Wales Online
Wales Online
Sport
Tom Coleman

Swansea City announce pre-tax losses of £13m as Premier League parachute payments dry up

Swansea City have posted pre-tax losses of £13m in their latest set of accounts.

The figures cover the year ending July 31, 2022, and coincide with the final season of parachute payments following the club's relegation from the Premier League. They also include the sale of Flynn Downes to West Ham United over the summer, which was believed to be for a price tag of around £12m.

It follows on from a pre-tax loss of £4.6m the previous year, and a profit of £2.7m from the financial year ending July 31, 2020.

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