Stadium for Sale?
15th January 2014
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Calls have been made for the City Council to put the Liberty Stadium up for sale.

The Liberty Stadium home to the Swans and the Ospreys football and rugby teams is owned by the Council and rented to the teams.

It is well known that the City council have to make swingeing cuts to their budgets over the next three years and the impact on local services looks difficult to avoid.

A suggestion has been made that in lieu of the complicated arrangement in place at the moment that sees rent paid by the clubs linked to the financial performance of the Stadium operating company that the stadium be put up for sale.

It cost an initial £27m to build when the Swans were in the lower leagues.

Now that Swansea has had a couple of years of premiership football with all the benefits that that entails (estimated to have contributed £58m to the local economy) there are calls for the Council to sell the stadium.

A possible buyer being the football club which would release much needed funds back into the City's coffers.

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