Andy Coleman is set to step down as chairman of Swansea City at the end of the season.
It will bring a suitably unsteady end to a campaign that been chaotic and mostly regressive at a club that was once a byword for stability and progress.
Despite relinquishing his role, Coleman will remain a board member and co-investor.
The American businessman initially took on the position in May 2023 after acquiring what was described as a "significant shareholding" in the club.
However, Swansea have now confirmed that Coleman has informed them of his decision to return to the United States with his family.
Reflecting on his time at the club, Coleman said: "It has been one of the great privileges of my life to have led this great club for two years.
“When our family decided to move to Swansea, we knew such a commitment would require tremendous effort and a lot of sacrifice, and we have been 'all in' since the moment we arrived.
“I have given every ounce of who I am to this club, and I am so grateful to everyone at Swansea City, and in the Swansea community, for welcoming us and for becoming such an integral part of our lives.
“These close personal relationships, with staff and supporters, will serve us well as an ownership group moving into the years ahead.
"I will always be grateful to Anne for sacrificing so much on my behalf. Now though is the time for me to shift my focus back onto them," he added.
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Coleman’s arrival at Swansea saw him take charge of the club’s daily operations, repeatedly insisting that he—not the then-majority shareholders Jason Levien and Steve Kaplan—was the decision-maker.
In November 2024, Levien and Kaplan severed ties with the club, selling their controlling stake to Coleman and fellow investors Brett Cravatt, Nigel Morris, and Jason Cohen.
Coleman heralded the takeover as the dawn of "a new era" for Swansea, though his time at the helm has been anything but smooth sailing.
The early days of Coleman's stewardship were marked by upheaval.
Head coach Russell Martin departed for Southampton amid a protracted legal dispute, which was only resolved last year.
Paul Watson was appointed as sporting director but lasted just 16 months, while Michael Duff was brought in as head coach only to be dismissed in December after a dismal run of form.
Luke Williams initially appeared to be a stabilising presence, guiding the club to Championship survival and showing early promise this season.
However, a dire start to 2025 saw him dismissed last month, just one day before Richard Montague arrived from Notts County as the club’s new director of football, finally filling the void left by Watson’s departure.
Swansea's transfer dealings throughout Coleman’s reign have come under heavy scrutiny.
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During Duff’s brief spell in charge, the club signed a host of players—including Kristian Pedersen, Nathan Tjoe-A-On, Mykola Kuharevich, and Jerry Yates—who failed to make a significant impact.
The criticism resurfaced during the January window when club captain Matt Grimes was sold to Coventry City, dealing a major blow to an already struggling squad.
In response, the Swans made only two loan signings—midfielder Lewis O’Brien and defender Hannes Delcroix—while Swedish Under-21 international Melker Widell was signed but immediately loaned back to AaB Aalborg.
Williams voiced his frustrations over the club’s lack of preparedness in recruitment just weeks before his exit.
"I think the chairman was a bit shocked that things weren't prepared and organised to the level that he expected them to be," Williams remarked in early February.
"It shouldn't be panic stations for 48 hours, just madness trying to get things done that should have been prepared for months in advance."
He continued: "But really a lot of people have been given a big opportunity since he (Coleman) has been here making appointments. And I don't think a lot of people have taken that opportunity."
Coleman himself acknowledged the club’s structural deficiencies, particularly after Martin’s departure.
"The absence of a coherent strategy then extended to a lack of basic staff in important areas," he said when reflecting on the club’s struggles.
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Swansea supporters have grown increasingly disillusioned with the club’s direction under Coleman, particularly in the wake of a botched fans’ forum.
The event was originally scheduled for 18 February but was postponed following Williams' sudden departure.
A rescheduled forum, set for 3 March, was also cancelled, with the club citing the upcoming Championship fixture against Preston North End as one of the reasons for the decision.
In the wake of Williams' departure, the club announced a leadership reshuffle, including the appointment of Tom Gorringe as chief operating officer.
Meanwhile, the search for a permanent head coach remains ongoing.
Interim boss Alan Sheehan has overseen two wins, a draw, and a defeat since taking charge, and he has made it clear that Swansea cannot afford to delay appointing a permanent successor.
Sheehan is set to hold discussions with Montague, who is leading the managerial search, following this weekend’s Championship fixture against Burnley.
With nine games remaining in the 2024-25 season, Swansea sit 16th in the Championship with 44 points, nine clear of the relegation zone.
