MX23RW : Friday, November 22 03:31:49| >> :600:3359035:3359035:

Championship club Swansea City 'for sale for £38m'

Swansea City 'for sale for £38m'
© Reuters
Swansea City's American owners are prepared to sell the club for a sum in the region of £38m, according to a report.

Swansea City's American owners are reportedly prepared to sell the club for a sum in the region of £38m.

Jason Levien and Steve Kaplan took a majority stake in the club in July 2016 but they have since seen the its valuation drop following their relegation from the Premier League.

The Swans have had their payroll and playing resources slashed heavily since returning to the Championship, with Daniel James and Oli McBurnie the latest stars to leave the club.

According to The Sun, the unpopular duo are not prepared to finance a major spending spree to secure promotion and are therefore happy to accept offers of just under £40m, with there believed to be a number of interested parties from across the globe.

The report also suggests that they are aiming to write into any takeover deal that they would be owed a bonus of £15m if the Swans secure a return to England's top flight within the next five years.

Swansea have made a strong start to the season under Steve Cooper and they currently sit fourth in the Championship table after taking 21 points from their opening 11 league games.

body check tags ::

Click here for more stories about Jason Levien

Click here for more stories about Swansea City

Share this article now:
Instagram - Follow Sports Mole
A general shot of a Premier League football ahead of the Premier League clash between Everton and West Ham United at Goodison Park on October 30, 2016
Read Next:
Swansea owners accept responsibility

Belgian Pro League
Uruguayan Primera Division
International Friendlies
2Leicester CityLeicester128222982126
4Manchester CityMan City1281335132225
5Sheffield UnitedSheff Utd12453139417
7Manchester UnitedMan Utd124441612416
8Wolverhampton WanderersWolves123721615116
11Brighton & Hove AlbionBrighton124351517-215
12Crystal Palace124351016-615
13Newcastle UnitedNewcastle124351118-715
14Tottenham HotspurSpurs123541817114
16West Ham UnitedWest Ham123451420-613
17Aston Villa123271720-311
20Norwich CityNorwich122191128-177

Subscribe to our Newsletter

Transfer Talk Daily
Match previews - twice weekly
Morning Briefing (7am UTC)
Ultra close-up image of Kevin De Bruyne [NOT FOR USE IN ARTICLES]Get the latest transfer news, match previews and news direct to your inbox!