MX23RW : Tuesday, October 23 23:21:28

Swansea City in line for American takeover

Swansea City reveal that they are close to agreeing a deal with American businessmen Steve Kaplan and Jason Levien to buy a controlling stake in the club.

Swansea City have confirmed that they are close to agreeing a deal to bring in a "new major shareholder".

American businessmen Steve Kaplan and Jason Levien are in talks over buying a controlling stake in the Premier League outfit which could be worth as much as £100m.

The deal, which will see chairman Huw Jenkins and vice-chairman Leigh Dineen remain in place at the Liberty Stadium, could be completed by the end of the current season.

"Swansea City Football Club can confirm that it is working to finalise an agreement to bring in a new major shareholder," read a statement from the club.

"The club will endeavour to keep supporters informed of developments, but no further comment will be made at this stage."

Jenkins added: "We believe we have a proposal which helps Swansea City progress both on and off the field."

Both Kaplan and Levien have previous experience at sports teams, with Kaplan being a shareholder at NBA side the Memphis Grizzlies and Levien acting as a managing general partner for DC United.

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A general view of the stadium ahead of the Barclays Premier League match between Swansea City and Chelsea at the Liberty Stadium on April 13, 2014
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TeamPWDLFAGDPTS
1Middlesbrough14752167926
2Sheffield UnitedSheff Utd148242316726
3West Bromwich AlbionWest Brom1373331181324
4Norwich CityNorwich147341917224
5Leeds UnitedLeeds1365223111223
6Derby CountyDerby136341714321
7Blackburn RoversBlackburn145631719-221
8Swansea CitySwansea145541511420
9Birmingham CityBirmingham144821613320
10Wigan AthleticWigan146261618-220
11Queens Park RangersQPR146261419-520
12Nottingham ForestNott'm Forest134721815319
13Bristol City135441714319
14Sheffield WednesdaySheff Weds145452023-319
15Brentford134632015518
16Aston Villa144642222018
17Stoke CityStoke144551820-217
18Bolton WanderersBolton134451116-516
19Millwall143471623-713
20Rotherham UnitedRotherham143471020-1013
21Reading143381923-412
22Preston North EndPreston132471925-610
23Hull City132381120-99
24Ipswich TownIpswich131661120-99

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