From sunny San Diego to rainy South Wales.
That’s the move American businessmen John Jay Moores and Charles Noell are looking to make as the two are currently in talks to purchase a 30-percent stake in Swansea City A.F.C.
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The two previously owned a majority of Major League Baseball’s San Diego Padres, before selling the team in 2012.
While Swansea City director Huw Cooze is confident an offer will come in from the American businessmen, the club will stay loyal to it’s supporters and will not sell any of the Supporters’ Trust shares, which account for 21-percent of ownership.
Talks are on-going and there’s nothing on the table yet. But I would imagine they would make that offer and be coming in here in the next month or so.
The Americans and our own shareholders know the Supporters’ Trust shares are not for sale. They never will be and they appreciate that, and we will work with them if it (the deal) happens.”
Cooze had previously stated that any potential investors in the club would need to get the approval of the supporters first. Swansea is the only team in the Premier League part-owned by a Supporters’ Trust.
Investments from Moores and Noell could be vital for Swansea City in the club’s attempt to purchase Liberty Stadium, which the Swans currently share with the Ospreys Rugby club. The club has plans to increase the stadium’s capacity to 33,000, as the Liberty’s current capacity of 20,800 is the second-smallest in the Premier League.
Swansea City currently sit ninth on the table and are enjoying their fourth straight season playing in the top-flight.