Swansea City supporters have expressed concern about reported American investment in the club.
The club's board confirmed last week that they were "working to finalise an agreement" over substantial American investment in the club, but the Swansea Supporters Trust has expressed concern over the deal.
"We have not been party - and are disappointed about that - to the same level of information as other shareholders have had, but from what we have seen, this is a share sale," he told the BBC.
"We know the club needs to move forward, the trust is not against investment, we know the club needs to move on and progress.
"But we have not seen any details or further information around investment as such.
"No one doubts investment is needed, but look at Leicester City - they have a similar wage bill to what we at the Swans have.
"They have shown you can compete without billions of pounds."
"It would have been a massive decision for Huw Jenkins to take to sell, they [the board] have achieved so much," Pascoe told BBC.
"But to compete in the Premier League, you need the money, everything is inflated.
"This year may have frightened Swansea, things haven't gone right on the pitch.
"Maybe they feel they don't want to be in this position again, so they need investment."
The Glazer family (United), Fenway Sports Group (Liverpool) and Randy Lerner (Aston Villa) have all proven somewhat unpopular with their clubs' supporters.
Under the Glazers, United have enjoyed success but have struggled since the retirement of former manager Alex Ferguson, Liverpool have continued their Premier League title drought under John W. Henry's FSG, and Lerner's Villa look set to face a first-ever relegation from the Premier League.
