Guidolin not worried about possible Swansea budget cuts

Swansea might have had their budget restricted by a new takeover but manager Francesco Guidolin isn’t complaining about his squad.

An American consortium, led by Jason Levien and Steve Kaplan, bought a controlling stake of 68% in the club in the summer, and they are now preparing for a ‘significant loss’ when their accounts come out next month.

However over the summer Borja Baston was a £15 million arrival at the Liberty Stadium while midfielder Leroy Fer, defenders Mike van der Hoorn and Alfie Mawson and goalkeeper Mark Birighitti have also joined.

(Stu Forster/Getty Images)

“That transition, which happens to all clubs and proved the downfall of many, has to be managed,” said chairman Huw Jenkins.

“The recent majority shareholder takeover will help us secure that future, which is one of the reasons they came on board.

“Our accounts are due out next month and it will highlight a significant loss for last season. That’s why we always have to strike a balance to work financially within the budgets we have.”

And while he might see the purse strings tighten a little, Guidolin insisted he was happy with his lot, as the transfer window slammed shut.

“I’m happy with the squad I have available and I’m confident about our season,” he said.

“There is plenty of quality there and the club has done well to allow me to do my job in the right way.”