Swansea City have confirmed that the club have submitted a proposal to buy the Swansea.com Stadium from Swansea Council.

The Championship club have stated that, if accepted, the proposal would be mean that Swansea would gain full ownership of the stadium, “creating new opportunities to increase income, attract investment and support its long-term ambitions.”

The Swansea.com Stadium was built by Swansea Council in 2005, costing £27 million, with the football club taking operational control of the ground in 2018.

“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,” Swansea City chief executive Tom Gorringe said.

“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.”

Due to details still be “commercially confidential” there is no number figure on the deal yet, but the club have confirmed 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,” Council Leader Cllr Rob Stewart 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.”

The Swansea statement added: “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.”

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