Swansea’s Liberty Stadium losses continue

English Premier League newcomers Swansea FC’s Liberty Stadium is continuing to make losses, leading to an estimated deficit of over half a million pounds.
The draft figures contained in a Swansea council report show a projected loss of £118,000 for 2010/11, meaning the stadium now had a cumulative loss of about £533,000.
The stadium, run by Swansea Stadium Management Company (SSMC), is the home of Swansea City and the Ospreys. The clubs moved to the £27 million Liberty Stadium in 2005 after the council paid most of the money to build it.

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