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Swansea City Confirmed Talks With Potential Investors In Exchange For 'Small' Equity Stake

EPL side Swansea City has “confirmed for the first time" it is in early-stage discussions with potential investors that could see it taking what the club calls a "small" equity stake in the Premier League outfit, according to WALES ONLINE. The club said that it has “yet to receive any formal bids” from potential investors and that any offer tabled to the board of directors would have to be “right for the club and the fans.” It is understood that a group of US businessmen “might be considering making a bid in exchange for equity in the business.” The club, chaired by Huw Jenkins, had previously confirmed it was looking at future investment options. But it has gone further by saying that this could potentially see new investors taking a minority share interest in the business as an investment incentive. Any investment made “could potentially support the club’s planned expansion of the Liberty Stadium, as well as new training ground facilities” (WALES ONLINE, 10/28). The PA reported Swansea City Supporters Trust has responded to the Premier League club "after holding talks with potential investors by stating it does not believe there is a need for an ownership change." The Trust owns more than 21% of shares in the Swans. The Trust said, "The Swansea City Supporters Trust have responded to press speculation that there is a bid about to be placed that would see some of the club end up in American hands. The Trust owns more than 21 per cent of the shares in the football club and wish to make it known at the moment that they do not believe that there is a need for the club to change ownership or proceed with the deal” (PA, 10/29).

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