A MASSIVE multi-million pound football stadium may soon be sold – as a championship club has offered to become the site’s new owner.
The popular club said that purchasing the £27million venue would “safeguard” its future.
The 21,000-seat venue might soon be under Swansea City’s ownership Credit: GERIANT NICHOLAS/PPAUK/REX/Shutt
The team qualified for the Premier League in 2011 – but were relegated just seven years later Credit: Getty Images
Swansea City A.F.C. have put in an offer to take over Swansea.com Stadium – after more than 20 years of council ownership.
Under the proposal, which has now been submitted to Swansea Council, the club would become the permanent owners of the 21,088-capacity site.
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Built in 2005 by the local authority, the £27million venue has been under lease by Swansea City since 2018.
Now, the club said it makes “sense financially” to buy the site, and would create new income opportunities, attract investment, and safeguard the future of the club.
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Swansea City chief executive, Tom Gorringe, said: “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.
“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.”
Details of the deal still remain confidential, but the council did carry out an independent valuation of the stadium prior to the proposal.
Council leader, Rob Stewart, added that the council wanted to do all it could “to help the Swans be successful and return to the Premier League“.
He said: “When Swansea City succeeds, the benefits extend far beyond the stadium.
“Local businesses benefit from increased footfall, jobs are supported, the city gains valuable international exposure, and communities enjoy a renewed sense of pride and optimism.
“We’re also investing in grassroots facilities and community sport, supporting professional rugby through our investment at St Helen’s, and working with Swansea City AFC on proposals that will help the club deliver on its ambitions for the years ahead.”
Formerly known as the Liberty Stadium, the site was also home to the Ospreys Rugby until its relocation in 2025.
Swansea City were last promoted to the Premier League in 2011, won the League Cup two years later, and even qualified for the UEFA Europa League.
However, they were relegated from the Premier League in 2018 and have not qualified since.
