• Home
  • About
    • Trust Aims
    • Trust Board and AGM Minutes
    • Trust Accounts
    • Trust Shares
    • Meet the Trust Board
    • Trust Rules and Policies
    • Trust Elections
    • History of the Swans Trust
    • Business Partners
    • History of Swansea City
  • Join
    • Join the Trust
    • Why Join the Swans Trust?
    • What is the Swans Trust?
    • Join the Trust Board
  • News
    • Latest News
    • Supporter Updates
    • Events
    • Supporters Direct News
  • Projects
    • Schools’ Initiative
    • Supporters Groups Initiative
    • Swans Centenary
    • Swansea City FC Disabled Supporters Association
    • Wall of Fame
  • Shop
  • Interactive
    • Videos
  • Contact

Swansea City Supporters Trust

You are here: Home / News / Trust receive Shareholder Dividend

Trust receive Shareholder Dividend

April 8, 2013

Swansea City Supporters’ Trust is delighted to confirm that it has received its interim dividend payment as announced by the Club in line with its most recent accounts, which show a net profit of £15.9 million for the 6 months to 30 November 2012.

The club issued a statement regarding the club’s accounts.

Added to a net profit of £14.6 million in the previous full financial year this highlights the strong financial position of the Football Club, and that the principles used in managing the Club since the current shareholders took over in January 2002 have not changed since promotion to the Premier League.

The Club accounts confirm the sharing of a dividend of £1m to be paid to shareholders, which means that the Trust is in receipt of a dividend payment of £199,999 in relation to its shareholding in the Football Club.

Trust Chairman Phil Sumbler commented “The accounts of the Football Club confirm the prudent nature in which we operate and the current board are to be commended for their careful management of the Club within budgets, whilst also allowing us to remain competitive on the field, highlighted by us securing a third season in the Premier League as well as a return to European football through our successful Capital One Cup campaign.

“Add to the fact that the club is investing in our long term future through the development of both the Landore and Fairwood sites, and the aims we helped put in place back in 2002 are still in force by the safeguarding of the Club’s long term status.

“In terms of the interim dividend, the Trust board fully backed the vote of the Directors in the award of the dividend, when you factor in that during the 11 years in charge, no return on investment has been asked for or offered, until such time that the Club has been in a position that they could afford to consider such return to investors.

“In terms of our dividend receivable, in line with the aims of the Trust and the mandate given by our members, we will retain the money for future investment in the Football Club, ensuring that all monies paid to us will eventually end up invested in the Club at an appropriate time.

“We firmly believe that the receipt of this dividend ratifies all decisions taken 11 years ago for supporters to invest within the Football Club, and highlights the remarkable story of the rise of Swansea City.”

Filed Under: News Tagged With: Statement

Swansea City Supporters Trust

We hope that you will find all the information you need on the official website of the Swansea City Supporters' Trust. The Trust that owns more than 21% of Wales' first Premier League Club.
Join the Swansea City Supporters' Trust

Keep in Touch

  • E-mail
  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
  • YouTube

Advertisement

Make a Donation

Help support the Trust by making a financial donation.

Tweets by swanstrust
As featured on NewsNow: Swansea City news
Swansea City News 24/7 

Relevant Football Links

  • Celebrating 100 years of the Swans
  • Football Supporters Federation
  • Supporters Direct
  • Swansea City Football Club

News Tags

Academy Accounts AGM Awards Dinner Books Ceredigion Jacks Elections Fans Fans Forum FSF Honours Board Media Members Forum Membership Minutes Raffle Regional Fans Group Remembrance Robbie James SCFC DSA schools Sponsorship Stadium Statement Supporter Director Supporter Ownership and Engagement Expert Group Survey Swansea City Community Trust Ten Pin Bowling Trust Board USA Wall of Fame

Search

Supporters Direct Member

Copyright © 2001-2021 Swansea City Supporters Trust · Privacy Policy · Terms and Conditions · Website developed by Majestic Media Ltd