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.

Share this article now:
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
Read Next:
Swansea City seal 12BET partnership
You May Like
Recomended from Sports Mole

Loading ...

Failed to load data.

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!
1Manchester CityMan City27233179205972
2Manchester UnitedMan Utd27175551193256
5Tottenham HotspurSpurs27157552242852
8Leicester CityLeicester2798103940-135
12West Ham UnitedWest Ham2779113446-1230
13Newcastle UnitedNewcastle2777132536-1128
14Brighton & Hove AlbionBrighton27610112236-1428
15Crystal Palace2769122542-1727
16Swansea CitySwansea2776142037-1727
17Huddersfield TownHuddersfield2776142347-2427
19Stoke CityStoke2767142753-2625
20West Bromwich AlbionWest Brom27311132140-1920
Login, I already have my ad-free pass
Log in with Facebook to customise Sports Mole
Buy ad-free access (show me the options)
Buy monthly ad-free access for £1.20/month
Buy yearly ad-free access for £12 (2 months free)
Settings - Logout - Manage your account
Settings - Logout - Manage your account