Chairman Huw Jenkins says Swansea are a team in transition after coming under fire for the summer transfer business done by the club.
Some sections of the Liberty Stadium crowd have expressed their dissatisfaction with the loss of senior players such as Andre Ayew, Ashley Williams and Bafetimbi Gomis during the transfer window.
The Welsh club have tried to replace those players, breaking their transfer record to sign striker Borja Baston, while they have also been able to bring in World Cup-winning hitman Fernando Llorente.
Jenkins believes Swansea have done well given the budget restrictions at the club and insists head coach Francesco Guidolin is happy with the players at his disposal.
Jenkins told Wales Online: “We have made seven additions to the squad from last season when you include the return of Nathan Dyer from his loan spell at Leicester City and the manager is happy with the squad he has to work with.
“The team has been in transition over the last year or two, with a number of players who have been the bedrock of our success in first achieving and then maintaining our Premier League status moving on for different reasons.
“That transition, which happens to all clubs and proved the downfall of many, has to be managed. The recent majority shareholder takeover will help us secure that future, which is one of the reasons they came on board.”
Jenkins went on to say that the release of Swansea’s accounts next week would reveal a “significant” loss for the last season.