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Andy Coleman's spell as chairman of Swansea City looks set to come to an end.
The American businessman took up the role in May 2023 after buying a "significant shareholding" in the Championship club.
But Coleman's tenure appears to be in its closing stages, with suggestions that he will return to his homeland at the end of the season.
Swansea have declined to comment.
Coleman moved to Wales with his family in the summer of 2023 and took responsibility for the day-to-day running of Swansea, repeatedly insisting he - rather than the club's then majority shareholders Jason Levien and Steve Kaplan - was in charge.
Levien and Kaplan severed ties with Swansea in November 2024, selling their stake in the club to Coleman, fellow shareholders Brett Cravatt and Nigel Morris and businessman Jason Cohen.
Coleman hailed the takeover as the start of "a new era" for Swansea.
In the early days of Coleman's tenure, Swansea head coach Russell Martin left for Southampton amid a legal dispute which was eventually settled last year.
Swansea, meanwhile, appointed Paul Watson as sporting director - a role in which he lasted just 16 months - while Michael Duff arrived as head coach only to be sacked less than six months later.
They eventually replaced Duff with Luke Williams, who kept the club in the Championship and then showed promise this season before a slump at the start of 2025 saw him depart last month.
Williams left his post just 24 hours before Watson's long-awaited replacement, Richard Montague, arrived from Williams' former club Notts County to begin work as Swansea's director of football.
Swansea have been criticised for their transfer work in every window of the Coleman era.
During Duff's brief reign, Swansea recruited a number of players, including Kristian Pedersen, Nathan Tjoe-A-On, Mykola Kuharevich and Jerry Yates, who have made little impact at the club.
Fans raised concerns again during the recent January window as captain Matt Grimes was sold to Coventry City, a deal which came as a heavy blow to a squad already lacking quality and depth.
Only midfielder Lewis O'Brien and centre-back Hannes Delcroix joined on loan, although Sweden Under-21s international Melker Widell was signed from AaB Aalborg before being loaned back to the Danish outfit.
Williams voiced his concerns just weeks before his departure.
"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 said 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 added: "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 said the "absence of a coherent strategy then extended to a lack of basic staff in important areas" when discussing Swansea's resources following Martin's exit to Southampton.
Swansea's transfer struggles have proven particularly frustrating for fans given that in February 2024, Coleman said the club were better placed to act swiftly when pursuing targets.
Coleman was recently heavily criticised by supporters after the club called off a fans' forum for the second time.
The initial forum - scheduled for 18 February - was postponed following the departure of Williams a day earlier.
But Swansea postponed the second forum - scheduled for 3 March - citing the following night's Championship encounter against Preston North End among the reasons for their "difficult decision to postpone".
In the wake of Williams' exit, the club announced a restructuring of its leadership team which included the appointment of Tom Gorringe as chief operating officer.
Swansea remain in the hunt for a new head coach, with interim boss Alan Sheehan - who has overseen two wins, a draw and a defeat - handed the reins until the upcoming international break.
The Irishman has made no secret of his desire to manage and recently suggested the Swans cannot afford to wait until the summer to appoint a new permanent boss.
Sheehan will hold talks with director of football Richard Montague - who is leading the search for Williams' permanent successor - following Saturday's Championship fixture with Burnley.
With nine matches of the 2024-25 season remaining, Swansea sit 16th in the Championship on 44 points, nine points above the relegation zone.