£5m for Rodgers helps Swansea boost profits

Swansea City moved into profit after enjoying a successful first season in the Premier League and receiving £5 million in compensation when Liverpool hired manager Brendan Rodgers.

£5m for Rodgers helps Swansea boost profits

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Brendan Rodgers

Profit after taxation totalled £14.6m in the year to May 31, rebounding from a loss of £8.3m in their previous promotion-winning season. The swing to profit came despite a doubling in the club's wage bill.

The figures underline the divide between the 20-team Premier League and the other 72 clubs in the English professional games.

That gap will widen further next season when a new domestic television contract worth more than one billion pounds per season, a 70 per cent rise, takes effect.

Clubs in the Championship are attracting interest from investors who see a chance of making it into the lucrative top flight.

Swansea, a Welsh club who play in the English Premier League, finished 11th last season. Their survival and neat playing staff led to Liverpool recruiting manager Rodgers.

Swansea are now managed by Dane Michael Laudrup and are again in mid-table.

Swansea have had a rapid rise from the bottom tier over the past seven years. They are unusual in that fans own a 20 per cent stake in the club.

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