Football Trade Directory

Swansea beat Arsenal in Premier League as Chairman says foriegn investement possible



Swansea advertised their potential with a fight-back 2-1 win after Arsenal took the lead in the second half. The win lifted Swansea into 5th place in the table above Arsenal.

Swansea Chairman Huw Jenkins confirmed in his programme notes for the game that the club has held talks with parties about the possibility of investing in the Swans.

Swansea's supporters' trust, which owns 20% of the club, has previously voiced its concerns about foreign ownership.

"There are a number of clear questions that need to be asked," Jenkins wrote.

"Will the current board of directors continue as they are forever?

"Can Swansea City operate in the same way for the next 10 years or so as it has in the past?

"This needs to be considered in more detail before any of our supporters can decide if the thought of a new person or people sitting on our current board of directors to offer help and opinions on the future running of our football club is a good move or not.

"Although I cannot promise or predict the future, I can guarantee one thing - the current board of directors will always fight, as we have done over the last 12 years, to work together as one with the Supporters Trust to make 100% sure that Swansea City football club remains the number one priority in all our thoughts and in every decision we make."

There has been no overseas investment in Swansea since the club was bought from Australian Tony Petty in 2002 when the Swans were struggling near the bottom of the Football League.

Since then, Jenkins and the board, which includes a fans' representative, have steered the club to its current position of sixth in the Premier League table.

But Jenkins said in September that Swansea were "miles behind" most of their rivals in terms of commercial income.

The Swans are understood to be talking to American millionaire John Moores, an entrepreneur who previously owned the San Diego Padres Major League Baseball franchise.




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