Swansea City submit proposal for purchase of Swansea.com Stadium

Swansea City is pleased to confirm that following productive discussions between the Club and Swansea Council, an offer has been submitted for the purchase of the Swansea.com Stadium which is due to go before the Council's cabinet for consideration.

Under the terms of the proposal, the Club would gain ownership of the stadium, creating new opportunities to increase income, attract investment and support its long-term ambitions while benefiting the city as a whole. 

The proposed purchase is still subject to final ratification and the details remain commercially confidential.

The negotiations have been supported by an independent valuation of the property carried out on behalf of the Council and demonstrating best value for the Council and the taxpayer. 

While the Club has played at the stadium for over 20 years, and held the lease since 2018, with Swansea City now being the only team playing at the venue it makes sense operationally and financially for the club to buy the stadium and to hold the asset in its own right.

This is a move that will safeguard the future of the club, and we want to thank the representatives of the Council for their assistance and professionalism in helping us reach this point.

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.

“I want to place on record our thanks and gratitude to the Council and their representatives for helping us to reach an agreement which is positive for all parties.

“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.”

Council Leader Cllr Rob Stewart said: "The council wants the Swans to succeed and return to the Premier League. 

“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.”