| Former Swansea City boss reveals alarming '£100m black hole' he found at club 11:28 - Jan 6 with 2538 views | Landore_Jack |
Graham Potter says his Swansea City reign was hampered by a £100m 'black hole' following the club's relegation from the Premier League.
https://www.walesonline.co.uk/ |  |
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| Former Swansea City boss reveals alarming '£100m black hole' he found at club on 11:34 - Jan 6 with 1491 views | Dr_Winston |
I've said many times that the club was up shit street financially at the time, yet others chose to throw around accusations of asset stripping.
It took until the sale of Joe Rodon before we were on anything like an even keel. |  |
| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
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| Former Swansea City boss reveals alarming '£100m black hole' he found at club on 11:40 - Jan 6 with 1459 views | Whiterockin |
| Former Swansea City boss reveals alarming '£100m black hole' he found at club on 11:34 - Jan 6 by Dr_Winston |
I've said many times that the club was up shit street financially at the time, yet others chose to throw around accusations of asset stripping.
It took until the sale of Joe Rodon before we were on anything like an even keel. |
Bad management more than asset stripping. Newport are in massive financial difficulties and looking for investment, is there a pattern. |  | | |
| Former Swansea City boss reveals alarming '£100m black hole' he found at club on 11:42 - Jan 6 with 1449 views | Fireboy2 |
The question is, why was there a 100 million black hole? When we were nowhere near the biggest spenders in the PL and we got a decent amount from them every season.
I get that the bigger clubs generated alot more but looking at who we brought in over thise 7 seasons, you wouldn't think that they would have broke the bank.
The only reason, if its true (remember who is the reporter on this piece) is poor management of finances. |  | | |
| Former Swansea City boss reveals alarming '£100m black hole' he found at club on 11:44 - Jan 6 with 1433 views | Joesus_Of_Narbereth |
We had Andre Ayew on a 3 year contract on a reported £80,000 a week. Chuck in Bony, Borja Baston, Leroy Fer and countless others and that parachute payment is gone before Christmas. |  |
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| Former Swansea City boss reveals alarming '£100m black hole' he found at club on 11:49 - Jan 6 with 1412 views | Dr_Winston |
| Former Swansea City boss reveals alarming '£100m black hole' he found at club on 11:44 - Jan 6 by Joesus_Of_Narbereth |
We had Andre Ayew on a 3 year contract on a reported £80,000 a week. Chuck in Bony, Borja Baston, Leroy Fer and countless others and that parachute payment is gone before Christmas. |
Plus money committed to paying off previous transfer fees.
Jenkins was a fairly shrewd financial custodian before the takeover. Once he'd cashed in he couldn't have cared less and spent like a sailor on shore leave. | |
| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
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| Former Swansea City boss reveals alarming '£100m black hole' he found at club on 11:56 - Jan 6 with 1399 views | Fireboy2 |
| Former Swansea City boss reveals alarming '£100m black hole' he found at club on 11:49 - Jan 6 by Dr_Winston |
Plus money committed to paying off previous transfer fees.
Jenkins was a fairly shrewd financial custodian before the takeover. Once he'd cashed in he couldn't have cared less and spent like a sailor on shore leave. |
Cheers big nose 🙄 | | | |
| Former Swansea City boss reveals alarming '£100m black hole' he found at club on 12:17 - Jan 6 with 1365 views | Landore_Jack |
Don't forget the managers that would need paying off when they were sacked:
Michael Laudrup
Garry Monk
Bob Bradley
Paul Clement
Carlos Carvalhal | |
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| Former Swansea City boss reveals alarming '£100m black hole' he found at club on 13:26 - Jan 6 with 1243 views | shandyjack |
The resigning of Bony and Ayew must be up there in 2 of the worst financial decisions this club has made in it's history. The fact they were done in the same same season is even more shocking, add in Clucas at £16m. Jenkins really did destroy us at that time |  |
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| Former Swansea City boss reveals alarming '£100m black hole' he found at club on 13:34 - Jan 6 with 1219 views | Dr_Winston |
| Former Swansea City boss reveals alarming '£100m black hole' he found at club on 13:26 - Jan 6 by shandyjack |
The resigning of Bony and Ayew must be up there in 2 of the worst financial decisions this club has made in it's history. The fact they were done in the same same season is even more shocking, add in Clucas at £16m. Jenkins really did destroy us at that time |
They're the headline acts, but really the whole team was being paid too much, with no relegation clauses built in for anyone. | |
| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
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| Former Swansea City boss reveals alarming '£100m black hole' he found at club on 13:35 - Jan 6 with 1211 views | Whiterockin |
| Former Swansea City boss reveals alarming '£100m black hole' he found at club on 13:26 - Jan 6 by shandyjack |
The resigning of Bony and Ayew must be up there in 2 of the worst financial decisions this club has made in it's history. The fact they were done in the same same season is even more shocking, add in Clucas at £16m. Jenkins really did destroy us at that time |
It's very easy to spend other people's money. It just emphasises the complete lack football business knowledge of the owners at that time. | | | |
| Former Swansea City boss reveals alarming '£100m black hole' he found at club on 13:58 - Jan 6 with 1163 views | Landore_Jack |
Didn't realise Roque Mesa cost £11m. Another signing that did not work out. | |
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| Former Swansea City boss reveals alarming '£100m black hole' he found at club on 14:07 - Jan 6 with 1153 views | RhonddaSwans |
God alive we owe the former owners a lot of gratitude for saving us.
Very very lucky we didn’t implode then.
We could have ended up where we were in the year 2000 . |  |
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| Former Swansea City boss reveals alarming '£100m black hole' he found at club on 14:07 - Jan 6 with 1153 views | EagleEye |
Any relegated club or manager of a relegated club could argue that there is £100m black hole the season immediately after relegation. At the time that was around the value of the income to EPL teams from TV, league position prize money, etc. Relegated sides would receive around £100m over 3 seasons
Our owners were only interested in re-couping as much money as they could from their purchase. They sanctioned the sale of any players that would bring in a half decent transfer fee & reduce the wage bill.
That said, Potter made a decent job of it given the circumstances. I wouldn’t be a bit surprised if he felt duped about the state of resources available when he arrived. Still he has done pretty well out of it |  | | |
| Former Swansea City boss reveals alarming '£100m black hole' he found at club on 14:18 - Jan 6 with 1135 views | RhonddaSwans |
| Former Swansea City boss reveals alarming '£100m black hole' he found at club on 14:07 - Jan 6 by EagleEye |
Any relegated club or manager of a relegated club could argue that there is £100m black hole the season immediately after relegation. At the time that was around the value of the income to EPL teams from TV, league position prize money, etc. Relegated sides would receive around £100m over 3 seasons
Our owners were only interested in re-couping as much money as they could from their purchase. They sanctioned the sale of any players that would bring in a half decent transfer fee & reduce the wage bill.
That said, Potter made a decent job of it given the circumstances. I wouldn’t be a bit surprised if he felt duped about the state of resources available when he arrived. Still he has done pretty well out of it |
Eagle that is what come to my mind but why does every other , well nearly every other just relegated side get to keep a very competitive squad for two seasons?
Look at Leeds , Southampton, Burnley all the bouncers really.
The black hole we need confirming if it was an additional amount or just what every other club goes through. | |
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| Former Swansea City boss reveals alarming '£100m black hole' he found at club on 14:28 - Jan 6 with 1118 views | PawelAbbott |
| Former Swansea City boss reveals alarming '£100m black hole' he found at club on 13:58 - Jan 6 by Landore_Jack |
Didn't realise Roque Mesa cost £11m. Another signing that did not work out. |
The recruitment over the last season n the Prem was very poor.
We spent a lot of money on better facilities but seemingly very little on scouting and recruitment | | | |
| Former Swansea City boss reveals alarming '£100m black hole' he found at club on 14:33 - Jan 6 with 1112 views | Dr_Winston |
| Former Swansea City boss reveals alarming '£100m black hole' he found at club on 14:07 - Jan 6 by RhonddaSwans |
God alive we owe the former owners a lot of gratitude for saving us.
Very very lucky we didn’t implode then.
We could have ended up where we were in the year 2000 . |
They were clueless, but never failed to back the club financially. | |
| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
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| Former Swansea City boss reveals alarming '£100m black hole' he found at club on 14:47 - Jan 6 with 1094 views | EagleEye |
| Former Swansea City boss reveals alarming '£100m black hole' he found at club on 14:33 - Jan 6 by Dr_Winston |
They were clueless, but never failed to back the club financially. |
Clueless most definitely. They kept us afloat whilst trying to recoup as much of their investment as they could. Few, if any of our managers since relegation, would say the were backed with any ambition by the previous owners | | | |
| Former Swansea City boss reveals alarming '£100m black hole' he found at club on 14:48 - Jan 6 with 1089 views | vetchonian |
| Former Swansea City boss reveals alarming '£100m black hole' he found at club on 12:17 - Jan 6 by Landore_Jack |
Don't forget the managers that would need paying off when they were sacked:
Michael Laudrup
Garry Monk
Bob Bradley
Paul Clement
Carlos Carvalhal |
Guidolin needs to be added to the list | |
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| Former Swansea City boss reveals alarming '£100m black hole' he found at club on 14:50 - Jan 6 with 1081 views | vetchonian |
| Former Swansea City boss reveals alarming '£100m black hole' he found at club on 14:33 - Jan 6 by Dr_Winston |
They were clueless, but never failed to back the club financially. |
I think he was referring to the sellouts rather than Jase and Steve | |
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| Former Swansea City boss reveals alarming '£100m black hole' he found at club on 14:52 - Jan 6 with 1075 views | Dr_Winston |
| Former Swansea City boss reveals alarming '£100m black hole' he found at club on 14:47 - Jan 6 by EagleEye |
Clueless most definitely. They kept us afloat whilst trying to recoup as much of their investment as they could. Few, if any of our managers since relegation, would say the were backed with any ambition by the previous owners |
Every manager could say that they were backed to the best of the clubs ability and then some, which would be true.
I'd have thought we'd be long past the point where people would've been making excuses for the likes of Russy by claiming that he wasn't given ample time and funds to succeed but apparently not.
He had everything he needed to make the playoffs just like Cooper did. One managed it, the other screwed up royally. [Post edited 6 Jan 16:59]
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| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
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| Former Swansea City boss reveals alarming '£100m black hole' he found at club on 15:48 - Jan 6 with 1006 views | shandyjack |
| Former Swansea City boss reveals alarming '£100m black hole' he found at club on 14:47 - Jan 6 by EagleEye |
Clueless most definitely. They kept us afloat whilst trying to recoup as much of their investment as they could. Few, if any of our managers since relegation, would say the were backed with any ambition by the previous owners |
Cooper was backed for 2 season with very expensive loans and failed twice. Martin was backed for all but 1 window, and even then he was able to recall the top GS from league 1 back into the squad only to not play him.
Duff was backed but the signings were awful
Potter at least was handed the best batch of youngsters we've produced and i am sure if he'd stayed we'd have gone close the following year also.
However even before Jason and Steve came in, we made bad decision after bad decision following the sacking of Monk (Some would argue that employing Monk was the start of the bad decisions) | |
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| Former Swansea City boss reveals alarming '£100m black hole' he found at club on 16:39 - Jan 6 with 917 views | Joesus_Of_Narbereth |
Shows the value of a good academy, we were fortunate to have Mcburnie, Roberts, Rodon, James and other young players to not only plug the gap but excel. Those four alone raised around £50 million in total and also got us points on the pitch. | |
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| (No subject) (n/t) on 17:05 - Jan 6 with 852 views | RhonddaSwans |
| Former Swansea City boss reveals alarming '£100m black hole' he found at club on 14:07 - Jan 6 by EagleEye |
Any relegated club or manager of a relegated club could argue that there is £100m black hole the season immediately after relegation. At the time that was around the value of the income to EPL teams from TV, league position prize money, etc. Relegated sides would receive around £100m over 3 seasons
Our owners were only interested in re-couping as much money as they could from their purchase. They sanctioned the sale of any players that would bring in a half decent transfer fee & reduce the wage bill.
That said, Potter made a decent job of it given the circumstances. I wouldn’t be a bit surprised if he felt duped about the state of resources available when he arrived. Still he has done pretty well out of it |
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| Former Swansea City boss reveals alarming '£100m black hole' he found at club on 19:24 - Jan 6 with 761 views | dobjack2 |
| Former Swansea City boss reveals alarming '£100m black hole' he found at club on 13:34 - Jan 6 by Dr_Winston |
They're the headline acts, but really the whole team was being paid too much, with no relegation clauses built in for anyone. |
I can remember it being said that contracts had relegation clauses built into them and being horrified when it was clear that they didn't.
I had visions of dropping down divisions like after the relegation from Division 1. | | | |
| Former Swansea City boss reveals alarming '£100m black hole' he found at club on 19:54 - Jan 6 with 701 views | QJumpingJack |
Agents fees also need to be included.
Well done to Huw Jenkins for not selling Dan James to Leeds in January 2019. | | | |
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