American investors announce Swansea takeover

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With Americans becoming more and more enamored by the English game, Swansea City appears to be the next Premier League side to undergo a takeover.

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Jason Levien and Steve Kaplan have announced that their consortium has purchased a 60% stake in the club, which will be official upon approval from the Premier League.

Levien is a current owner of MLS side D.C. United and formerly served as CEO of the NBA’s Memphis Grizzlies, while Kaplan is vice-chairman for the Grizzlies and is co-founder of Oaktree Capital Group.

Swansea’s Supporters’ Trust will retain their 21.1% stake of the club, while chairman Huw Jenkins and vice-chairman Leigh Dineen will each keep a percentage of their current stakes, currently set at 13.2% and 5.3% respectively.

Swansea City will be in the United States this summer as part of their preseason tour. The Swans will take on the Richmond Kickers of the United Soccer League, as well as another opponent yet to be determined.

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