MX23RW : Friday, August 17 09:26:55

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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