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Swansea City are poised to buy the Swansea.com Stadium from Swansea council in a move they say will safeguard the future of the club.
The Championship side have been in discussions with the council over the proposed purchase of the venue, their home since its opening in 2005.
The local authority built the £27m stadium, with the Swans taking operational control of the ground in 2018.
But Swansea say the purchase of the stadium will create opportunities to increase income and attract investment.
“This is a highly significant moment for Swansea City as, after over two decades playing at the Swansea.com Stadium, we move towards taking outright ownership of the ground,” said Swans chief executive Tom Gorringe.
“Owning the Swansea.com Stadium is of major strategic benefit to the football club, and we look forward to completing the purchase in due course.”
Swansea say that after “productive discussions”, a purchase offer has been made which will now be considered by the council’s cabinet.
Both parties say details of the proposed deal are commercially confidential, but that an independent valuation of the stadium was carried out on behalf of the council.
“The council wants the Swans to succeed and return to the Premier League,” Swansea council leader Rob Stewart said.
“When Swansea City succeeds, the benefits extend far beyond the stadium.
BBC News
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