covboy1987
Well-Known Member
The Rioch was built in 2005 and the liberty stadium built in 2005 - The liberty stadium was paid for by Swansea council - Both Swansea city and Osprey RFC have been paying the council a nominal rent to play there since 2005 - Swansea new lease rental agreement going forward is reported at £300,000 per year but they now have access to all revenues as of February 2018
Council and Swans agree lease for Liberty Stadium
SWANSEA Council has handed over operational control of the Liberty Stadium to Swansea City AFC in a deal which will see the authority receiving an annual income from the ground for the first time.
It will see the Premier League club pay annual rent to the council as well as providing a share of any money from the stadium naming rights. The Swans will also commit to building 3G sports pitches in communities in Swansea as part of its arrangements with the Premier League.
The changes took place yesterday, February 16, at the Liberty Stadium in an arrangement that will benefit the football club, the Ospreys and the council for years to come.
As part of the new agreement, the football club now has have sole control of SSMC and the stadium in the future. The agreement would also:
* Allow the council to begin receiving direct revenue from the stadium for the first time ever through guaranteed rental payments
* Give the Swans the ability to control its own destiny and stay competitive with other Premier League clubs by tapping into new revenue streams at the stadium
* Allow the Ospreys to continue playing at the stadium on a long-term lease.
Council and Swans agree lease for Liberty Stadium
SWANSEA Council has handed over operational control of the Liberty Stadium to Swansea City AFC in a deal which will see the authority receiving an annual income from the ground for the first time.
It will see the Premier League club pay annual rent to the council as well as providing a share of any money from the stadium naming rights. The Swans will also commit to building 3G sports pitches in communities in Swansea as part of its arrangements with the Premier League.
The changes took place yesterday, February 16, at the Liberty Stadium in an arrangement that will benefit the football club, the Ospreys and the council for years to come.
As part of the new agreement, the football club now has have sole control of SSMC and the stadium in the future. The agreement would also:
* Allow the council to begin receiving direct revenue from the stadium for the first time ever through guaranteed rental payments
* Give the Swans the ability to control its own destiny and stay competitive with other Premier League clubs by tapping into new revenue streams at the stadium
* Allow the Ospreys to continue playing at the stadium on a long-term lease.