Swansea City's Danish manager Michael Laudrup gestures during the English Premier League football match between Arsenal and Swansea City at the Emirates Stadium in north London on December 1, 2012. Swansea won 2-0. AFP PHOTO / OLLY GREENWOOD
Swansea City's Danish manager Michael Laudrup gestures during the English Premier League football match between Arsenal and Swansea City at the Emirates Stadium in north London on December 1, 2012. SwShow more
Buying into Swansea City philosophy part of rise to Premier League
In an era when financial losses and debt are common, the Welsh club, part-owned by a supporters' trust, are the template for others: living within their means and organically growing, writes Jonathan Wilson.