Chairman Huw Jenkins has warned Swansea City fans not to expect a boost in finances following Martin Morgan’s appointment to the board at the Club this week.
Heralded as a possible financial boost to the club, Jenkins has been quick to clarify Morgan’s position on the board as a purely as a non financial move.
Martin Morgan who’s portfolio of investments include the Morgan Hotel in the Marina. He also has an interest in Swansea.com who signed onto be the new shirt sponsor for the 2007/08 season.
Jenkins has praised Swansea City’s new director and hopes his experience will be of great value to the club pushing for the Coca Cola Championship.
He Told The SWEP:
|“This is not connected with finances in any way.We invited Martin to join the board and he felt he would like to accept, but it is nothing to do with money and no-one should be expecting a cash injection or more money to spend on players.”|
We are glad to have someone with Martin’s experience helping us more regularly, but nothing is going to change.Like a few others, Martin has been a shareholder at this club for five or six years. In the last month or so he has decided to accept our invitation to become a director in name.’
The appointment will not have any direct impact on the day to day running of the club .