EFL Squad Cost Ratio
How much can Swansea City spend?
Under the EFL's Squad Cost Ratio rules, Swansea City can spend
around £33.3m on squad
costs - based on an estimated £21.5m of football
revenue and the 85% limit, plus the owner equity top-up.
That leaves an estimated £6m of headroom.
Swansea City: the SCR breakdown
- Estimated revenue (football) reported £21.5m
- SCR limit - 85% of revenue £18.3m
- + Owner equity top-up (max / season) £15m
- Effective spending allowance £33.3m
- Estimated squad cost reported £27.3m
- Headroom +£6m
High spending power
- squad cost is 127% of revenue
What this means
On these estimates, Swansea City sit comfortably inside the 85% Green Threshold. They have room to invest in the squad without straining the rules.
Old rules vs new: PSR compared to SCR
Under the old PSR system, clubs were judged on total losses over three years, not on what they spent on the squad as a share of revenue. Here's how Swansea's position compares under both sets of rules.
| Old PSR (loss-based) | New SCR (revenue-based) |
|---|---|
|
3-year losses: −£51.6m
estimated
Limit: £39m Headroom: −£12.6m 2022/23–2024/25 (Championship) |
Squad cost: £27.3m
Limit (85% + top-up): £33.3m Headroom: +£6m Based on £21.5m revenue |
Losses of ~£16m, £14.4m and £21.6m over three years (~£51.6m, £12.6m over limit). No EFL action reported. New celebrity ownership group (incl. Snoop Dogg, November 2024) injected £21m in 2024/25, providing capital relief under PSR's owner equity provisions.
Note on this club's figures. 2023/24 revenue £21.5m (11-month period after year-end change). Staff costs £27.3m. Sources: Swiss Ramble, swanseacity.com official accounts, Companies House.
Source.
Source.
Compare Swansea with another club
Figures are illustrative estimates from published accounts and public reporting, not
official SCR submissions. SCR uses adjusted football revenue, which differs from headline
turnover. Last reviewed 2026-05-17.
Full rules explainer →