Swansea post record £21.6m loss for 2024-25 season

Swansea City posted a loss of £21.6m for the year ending June 2025 – a record for the football club.

That is up from a loss of £14.4m for the previous 12-month period and is £5.3m more than the previous record loss of £16.3m.

Swansea have not made a profit since 2020, recording significant losses since their relegation from the Premier League in 2018.

The Swans enjoyed seven seasons in the top flight, with eight-figure profits peaking at £15.4m for the year ending 2013.

However, following relegation to the Championship, turnover has plummeted from £126.8m in 2018 to £22.3m for last season.

That was up slightly from £21.5m for the previous year, but revenue was still substantially less than the wage bill of £29m, making their wage-to-income ratio 130%.

That contributed to an increase in operational costs from £47m to £51.3m.

Profit on player trading for the year was £8.1m, down from £10.5m for the prior period.

That included the sales of players such as Matt Grimes to Coventry City and Nathan Wood to Southampton.

The accounts were available to view on Companies House from Tuesday. In a statement issued on 1 April, the club said: "The club's ownership group has invested £21m into the club by way of equity share issue in the 2024-25 season. Further investment has been made into the club in the current season."

The next accounts will show that Swansea have spent more money on transfers this season than they have done since their relegation from the Premier League.

The Swans spent £18.7m on new signings but look set to finish this campaign in mid-table in the Championship, sitting 15th in the table with three games left.