Swansea hopes for takeover by US owners by end of season
SWANSEA (Wales) — English Premier League club Swansea has confirmed it was in talks on a potential takeover from American investors.
Swansea's Gylfi Sigurdsson celebrates with Jack Cork at the end of the game against Chelsea. Photo: Reuters
SWANSEA (Wales) — English Premier League club Swansea has confirmed it was in talks on a potential takeover from American investors.
The club was “working to finalise an agreement to bring in a new major shareholder”, it said in a statement on its website on Saturday (April 9).
Swansea hopes by the end of the season to have a deal in place with Steve Kaplan, Jason Levien, and their investment group.
Kaplan is a minority owner of the NBA’s Memphis Grizzlies. Levien is a part-owner of MLS team DC United. They have recently also been trying to buy a stake in the NBA’s Minnesota Timberwolves.
Swansea chairman Huw Jenkins and vice-chairman Leigh Dineen say they will remain in their club roles.
“We believe we have a proposal which will help Swansea City progress both on and off the field,” Jenkins said in the statement.
Swansea was owned by a number of parties, including the Swansea City Supporters Trust. The potential stake that the investors were looking to buy was not reported. AP
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