South Wales Evening Post – Wednesday 29th October 2014

The Swansea City Supporters Trust have responded to press speculation that there is a bid about to be placed that would see some of the club end up in American hands.

The Trust owns more than 21% of the shares in the football club and wish to make it known at the moment that they do not believe that there is a need for the club to change ownership or proceed with the deal.

Commenting on the speculation, Trust Chairman Phil Sumbler said “We are extremely proud of the part that we have played in the progression of the football club since the current arrangement was set up in 2002.

“During that time the club has progressed from the wrong end of League Two to the top half of the Premier League whilst winning our first major trophy along the way.

“The way in which we (as a club) operate has been recognised around the world as a role model for clubs to follow and given the current strong position of the team and the club we do not believe that this is the correct time for the ownership or set up of the club to change.

“We fully recognise the excellent job that the current directors and shareholders have done, and our desire would be for this setup to remain, and for us to continue our progress in the same way that we have for the last twelve years.

“Our message to the other shareholders has therefore been that we do not wish to relinquish our shareholding in the football club.”

The Trust would also like to go on record to state that should an offer be forthcoming then a consultation will take place with their members.