Swansea are set to take sole control of their Liberty Stadium home after agreeing a deal with the city council.
The Premier League club and the Ospreys rugby union side have played at the venue since 2005, paying rent to the management company running it.
The new lease will see Swansea pay the authority £300,000 a year for 37 years as well as giving it a cut of stadium sponsorship revenue and make a commitment to build 3G pitches in the city.
Swansea council's cabinet are expected to rubber-stamp the deal, which will see the Ospreys continue to play at the stadium, on November 16.