Wales: Swansea “very close” to stadium deal?

source: BBC.com

Wales: Swansea “very close” to stadium deal? According to BBC Wales, it's finally close to an agreement about Swansea City taking over at Liberty Stadium. This would end a deadlock over the ground in recent years.

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A 30-year lease could be sealed over the next few weeks allowing Swansea City to explore more commercial opportunities. This includes naming rights but also possible expansion of what is now a 21,000-seater.

Liberty StadiumPhoto: Matt Daubney (cc: by-nc-sa)

Swansea council leader Rob Stewart previously said Swansea Stadium Management Company (SSMC) – the body running the stadium, which is a partnership between the council, Swans and Ospreys – was "not fit for purpose anymore" following the success and growth of both clubs.

On the latest talks, he said: "We have had a series of very productive meetings and are getting close to a deal that works for everyone. I'm hopeful we can close that deal soon."

A Swansea City spokesman added: "Discussions are ongoing with the council. However there are still a lot of details to finalise.''

The club and the Ospreys have played there since 2005, paying a nominal rent to the management company that runs it.

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