herald

Monday 11 December 2017

Swansea could get investment from US

Swansea City's Ashley Williams challenges Sunderland's Danny Graham
Swansea City's Ashley Williams challenges Sunderland's Danny Graham

Swansea could receive American investment as early as next month, club director Huw Cooze has revealed.

The Premier League club have been in talks with American businessmen John Jay Moores and Charles Noell since last autumn with the former owners of Major League baseball team the San Diego Padres set to make a significant cash injection in return for a 30 per cent stake in Swansea.

Both Swansea and the Supporters’ Trust - who own 21 per cent of the club - have done due diligence on the American pair and negotiations have now entered a critical period.

“Talks are on-going and there’s nothing on the table yet, no offer,” said Cooze, the Supporters’ Trust representative on the Swansea board.

“But I would imagine they would make that offer and be coming in here in the next month or so.”

Promoted articles

Entertainment News