Swansea To Get Investment From The USA

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Swansea are looking to the US for money.

Swansea could be set to get some major investment into the club courtesy of American businessmen John Jay Moores and Charles Noell, reports ESPN.

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Director Huw Cooze has been in discussions with the Americans since last autumn and it looks like a deal will soon be reached. Moores and Noell used to own popular baseball side San Diego Padres and are now looking for a 30%  stake in the club as they expand their investment portfolios.

The club and the supporters trust have both done their due diligence on the pair, and if talks progress smoothly over the coming weeks a deal will be announced ahead of the end of the season.

The deal would mark a remarkable turn around for the Welsh side, who almost went bust in 2001 before supporters eventually managed to buy out then-owner Tony Petty.

At the end of the following season they finished 22nd in League Two, but seen then have seen a rapid rise through the divisions since then and are now recognised as an established top flight side.

It is hoped the new money would not only go towards players, but also toward their attempts to buy the Liberty Stadium from the city council. The Swans are eager to increase the present capacity from 20,800, which is the second smallest in the Premier League.

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