Swansea City says they have submitted plans to expand the Liberty Stadium and redevelop the superstore at the ground.
The club also says they plan to spend £5.5million to improve their Landore training ground.
The Liberty stadium currently has capacity for 20,532 fans.
The funds generated by the profit are invaluable bearing in mind the extent of finance needed, not only to maintain Premier League status, but for the expansion of capacity in the Liberty Stadium and the development of appropriate training facilities of a standard befitting a Premier League club.
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The heavy showers will ease during the first part of tonight, leaving a dry night with mist in places.
A 1950s pin-up girl from the Vale of Glamorgan has returned to the spot where she won the nation's hearts.
The band play the Liberty Stadium on Saturday night as part of their 'Everything Must Go' 20th anniversary tour.