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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.

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