Swansea City reports £594,000 annual profit
Swansea City Football Club (SCFC) has reported a net profit of nearly £540,000 for the year ending 31 May 2010, compared with a £457,000 loss in the previous year.
A SCFC spokesperson said "The board of directors is pleased with the improvement in results, particularly as the balance sheet prudently does not include any valuation of its playing squad." Meanwhile, the sale of Wrexham Football Club has moved a step forward after its owners confirmed that they would consider a bid from Wrexham Supporters Trust (WST).
The future of the Blue Square Bet club was discussed in a meeting between the club, trust and local authority on 2 March in order to safeguard the club's future. A joint statement said: "The directors of Wrexham FC are prepared to consider a deal with the WST if a bid is forthcoming."
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