• Manager said to be frustrated over lack of progress on signings
• Chairman insists there are 'substantial funds' available
Michael Laudrup's future at Swansea City remains uncertain despite Huw Jenkins's insistence that the League Cup winners have "substantial funds" to spend on new players this summer. Jenkins, the Swansea chairman, issued a statement clarifying the club's situation in response to mounting speculation that Laudrup was considering his position because of a perceived lack of support in the transfer market.
Although Jenkins is keen to draw a line under the issue and Swansea are confident that Laudrup will be in charge come the start of the season, it remains to be seen whether the two parties can find common ground when it comes to the club's transfer strategy.
Jenkins admitted that he has not sat down with the Dane since the end of the season, which finished with Swansea securing a top-10 spot and the first major trophy in their history. But the chairman said that he had been in regular contact with Laudrup, who signed a contract in March until 2015, and insisted their was "no difference of opinion" over their transfer targets.
"There are substantial funds available to strengthen our squad over the summer while we are also in the privileged position, because of the way we've managed our finances over the years, that we do not need to sell anyone to fund those new recruits," Jenkins said.
What is clear is that Swansea, who have completed the signing of the Spanish midfielder José Cañas from Real Betis, will not be changing the financial approach that has served them so well in recent years on the back of a successful season.
"We have built up a strong reputation over the last few years at Swansea and I believe we have gone about our business in the right way. We have to remain strong for the sake of our supporters and make sure this proud reputation is protected at all costs," Jenkins said.