The latest news from the Swansea.com Stadium.
Here’s your round-up of all the latest Swansea City news for Thursday, May 30.
Swansea City could still benefit from a promotion clause in the deal that took Joel Piroe to Leeds United last summer.
Piroe left south Wales for Elland Road in a move worth an initial £12m last summer. As part of that deal, there was a clause that would entitle the Swans to a further cash sum in the event Leeds won promotion to the Premier League.
It’s understood that the value of that clause could be as much as £3m, which would clearly be a significant cash injection for the Swans as they bid to revamp their squad in the upcoming transfer window.
However, defeat for Leeds in the Championship play-off final at Wembley means that sum won’t be coming Swansea’s way – for the time being at least.
It’s understood Swansea would still bank that cash should Leeds earn promotion at any point during Piroe’s four-year deal.
Josh Ginnelly is closing in on a return to fitness ahead of the club’s upcoming pre-season preparations.
The winger missed the majority of last season due to an Achilles problem, having joined on a free transfer from Hearts last summer.
The 27-year-old returned to the grass for some individual sessions over the last few weeks, and now appears on course for a return ahead of the club’s pre-season campaign, which begins on July 1.
Before his injury in September, Ginnelly managed two goals in eight appearances for the club.
Boss Luke Williams has already expressed his excitement at what the winger can potentially offer.
He said: “He has explosive power and athleticism so that’s exciting. Let’s see how he recovers and then he can show us in pre-season.”
The Swansea City Supporters Trust has confirmed that the club has issued another batch of new shares, in a move that will translate to another £3m of investment.
It’s the latest in a series of cash injections made by Swansea Football LLC, the group that currently holds the majority ownership of the club. The move also comes after the club announced pre-tax losses of over £17m in their latest accounts.
In a statement, the Trust said: “The Swans Trust can confirm today that a further 130,208 new shares have been issued at a total value of just under £3m following fresh investment into the club. As per our earlier statements earlier this year this is the latest of a series of cash injections which has been made by Swansea Football LLC, the investment vehicle of the majority owners, which includes Chairman Andy Coleman, Jason Levien, Steve Kaplan, and Jake Silverstein.
“We expect there to be another investment of a similar value into the club next month and will provide more details of this in due course.
“As Swansea Football LLC was again the only party to invest in this round, the shareholding (as a percentage) of all other parties will reduce, including that of the Trust.
“The Trust’s shareholding after this latest investment stands at 9.58% including our permanently protected 5% shareholding in the club.”
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