Swansea takeover complete

The takeover of Swansea City by an American investment group has been completed, subject to Premier League approval.

Swansea: Swansea takeover completeSwansea: Swansea takeover complete

The American consortium, led by Jason Levien and Steve Kaplan, has been in talks with the Swans since 2015, with news of the proposed takeover coming to light in April this year.

It is believed the Americans have acquired a 60 per cent controlling stake in the Welsh club and they are expected to invest between £30million and £50million to help improve the Liberty Stadium, the club’s training ground and Francesco GuidolinÂ’s first-team squad.

Levien and Kaplan must pass the Premier League’s owners’ and directors’ test before the takeover can be officially ratified, but the Swans have released a statement on their official website confirming the imminent arrival of the new consortium.

The statement read: “Swansea City Football Club is delighted to confirm the takeover by Jason Levien and Steve Kaplan subject to the approval of the Premier League.”

“Jason and Steve will lead an investment consortium which has acquired a controlling majority of the shares with several existing shareholders also maintaining a smaller stake in the club.”

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