Huw Jenkins will remain as Swansea City chairman.
The football club has explained he is staying at the club, despite the chairman having suggested his position would be untenable following relegation from the Premier League.
The Welsh club's seven-year stay in the top flight came to an end in May, but Jenkins has remained at the Liberty Stadium as new manager Graham Potter joins the club.
Asked last December if relegation would render his position untenable, Jenkins told various media outlets: "If we continue on this path of hardly winning games, yes, I have no doubt it is."
The club says American owners Steve Kaplan and Jason Levien continue to support Jenkins.
Swansea, meanwhile, have shelved plans to add 3,000 seats to the 21,000-capacity Liberty Stadium.
"We will not be doing an expansion while we are in the Championship." Pearlman said.
Potter is yet to add new faces to a Swansea squad following the departures of goalkeeper Lukasz Fabianski to West Ham and midfield Roque Mesa to Sevilla.