Swansea City have confirmed the completion of a £100m American takeover by Jason Levien and Steve Kaplan, subject to Premier League approval.
The new investment consortium has bought a controlling stake of 60% in the Welsh club, providing additional funds as the Swans look forward to a sixth season of top-flight football.
A statement on the Swans' official website read: "Jason and Steve will lead an investment consortium which has acquired a controlling majority of the shares with several existing shareholders also maintaining a smaller stake in the club.
"The shareholding of the Supporters' Trust remains unaffected. The agreement concludes a lengthy negotiation process and will see Huw Jenkins remain in an executive role and charged with the day-to-day running of the club. Huw will also maintain an ownership stake in the club."
The new investors have experience of running sporting franchises in America, including MLS side DC United and NBA outfit Memphis Grizzlies.
"Both see the takeover of Swansea City as an exciting opportunity for long-term growth in the club in every area," the statement added.
"There is a huge level of respect for and a huge desire to build on the outstanding work of Huw Jenkins and his fellow board members who, alongside the Supporters' Trust, rescued the Swans and transformed them into a highly-respected Premier League club."
Swansea's takeover is expected to be given the green light by Premier League officials in the coming weeks, once the test for prospective owners is officially approved.
Daniel Lewis
