Swansea City close to US investment

Swansea could receive American investment as early as next month, club director Huw Cooze has revealed.

The Barclays Premier League club have been in talks with American businessmen John Jay Moores and Charles Noell since last autumn with the former owners of Major League baseball team the San Diego Padres set to make a significant cash injection in return for a 30 per cent stake in Swansea.

Both Swansea and the Supporters' Trust - who own 21 per cent of the club - have done due diligence on the American pair and negotiations have now entered a critical period.

"Talks are on-going and there's nothing on the table yet, no offer," said Cooze, the Supporters' Trust representative on the Swansea board. "But I would imagine they would make that offer and be coming in here in the next month or so.

"If they do we'll have to cross that bridge then, but 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."