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.
More top news
RAF veteran Andy Davies says the Royal British Legion helped him get back on his feet after problems with alcohol.
Lucy has the latest weather forecast for Wales
Plaid Cymru leader Leanne Wood has said her MPs won't back English votes for English laws until Wales gets an extra £1.2 billion a year.