The Swansea City hierarchy have confirmed that the Welsh club is on the brink of an American takeover – that could be worth up to £100m.
A club statement issued to journalists at the Liberty Stadium following the Swansea’s 1-0 win over Chelsea confirmed the move that is set to put the club in American hands.
The deal would see Oaktree Capital Group co-founder and Memphis Grizzlies vice chairman Steve Kaplan and DC United managing general partner Jason Levien purchase a controlling interest in the club.
“Swansea City Football Club can confirm it is working to finalise to bring in a new majority shareholder,” the statement said.
“Board members have discussed an agreement which will see Steve Kaplan and Jason Levien and their investment group acquiring a controlling interest in the club.”
The statement added: “Chairman Huw Jenkins and vice-chairman Leigh Dineen will remain in their management leadership roles of the club.
Talks will continue with the aim of an agreement to be ratified by the end of the season.”
Jenkins added: “We believe we have a proposal which help Swansea City progress both on and off the field.”
The deal was announced after Swansea’s Premier League status was effectively sealed thanks to the club’s first ever Premier League win over last season’s champions Chelsea.
Chairman Huw Jenkins and vice-chairman Leigh Dineen will remain, while Swansea’s Supporters Trust will keep its 21% stake and seat on the board.
The Swans hope to reach an investment agreement by the end of the season.
