Swansea City has been sold to American businessmen Jason Levien and Steve Kaplan for 110m pounds.
After almost 12 months of negotiations, the final legal documents have been concurred and all those involved in the deal have received contracts for signature.The two new majority shareholders Levien and Kaplan are expected to fly to London early next week to complete the Premier League’s owners’ and directors’ test.
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The deal is worth 110m pounds and the group will invest between 30m and 50m pounds on the clubs facilities and staffs. It is thought the Supporters’ Trust, which owns more than 21 per cent of the club, will remain as the second largest shareholders, and Huw Jenkins will continue in his role as the club’s chairman.Levien is managing general owner of the Major League Soccer club DC United and the former chief executive of NBA side Memphis Grizzlies.