Swansea City have announced a £15.3m profit for the year ending 31 May, 2013. Swans finance director Don Keefe says: "The board is extremely pleased with the latest results and the year in general, both on and off the pitch.

"We have put the funds generated by these profits to good use with the completion of a new £6m youth academy training facility near the Liberty Stadium, plus an initial £5m on a new training complex at nearby Fairwood.

"The club has also continued to invest in the playing squad to maintain a performance standard required for participation in the Premier League."

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