Tonight’s Swansea City transfer news as Joel Piroe’s Leeds United clause cleared

Here’s a rundown of all the latest Swansea City news for Thursday, May 30.

The swans could still collect Piroe money

Swansea City could still benefit from a promotion clause in the deal that brought Joel Piroe to Leeds United last summer.

Piroe left South Wales for Elland Road in a £12million move last summer. As part of that deal, there was a clause that would entitle the Swans to an additional cash sum should Leeds win promotion to the Premier League.

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It is understood that the clause could be worth up to £3m, which would clearly be a significant cash injection for the Swans as they bid to revamp their squad in the next transfer window.

However, Leeds’ defeat in the Championship play-off final at Wembley means that sum will not come Swansea’s way – at least for now.

It is understood Swansea will still have the cash if Leeds win promotion at any point during Piroe’s four-year deal.

Ginnelly almost back

Josh Ginnelly is closing in on a return to fitness ahead of the club’s pre-season training.

The winger missed most of last season with an Achilles problem, having joined on a free transfer from Hearts last summer.

The 27-year-old has been back on the grass for a few individual sessions in recent weeks and now appears on course for a comeback ahead of the club’s pre-season campaign, which starts on July 1.

Before his injury in September, Ginnelly managed two goals in eight appearances for the club.

Boss Luke Williams has already expressed his excitement about what the winger can offer.

He said: “He’s got explosive power and athleticism so that’s exciting. Let’s see how he recovers and then he can show us in pre-season.”

Swan owners issue new shares

Swansea City Supporters Trust has confirmed the club has issued another batch of new shares in a move that will see it invest £3m.

It is the latest in a series of cash injections by Swansea Football LLC, the group that currently owns the majority of the club. The move also comes after the club announced pre-tax losses of more than £17m in its most recent accounts. Subscribe to our Swansea City newsletter here.

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In a statement, the Trust said: “The Swans Trust can today confirm that a further 130,208 new shares have been issued for a total value of just under £3m following further investment in the club. In line with our previous statements earlier this year, this is the latest in a series of cash injections that have been made by Swansea Football LLC, the investment vehicle of the majority owners, which includes chairman Andy Coleman, Jason Levien, Steve Kaplan and Jake Silverstein.

“We expect there to be another investment of a similar value in the club next month and we will provide further details on this in due course.

“As Swansea Football LLC was again the only party to invest in this round, the stake (as a percentage) of all other parties will be reduced, including that of the Trust.

“The Trust’s shareholding after this latest investment stands at 9.58%, including our permanently protected 5% shareholding in the club.”