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Published: 12:51 | 5/6/16

Americans eye 'long-term Swans growth'

Consortium completes takeover of Welsh club

Swansea City's new American owners are planning to grow the long-term profile of the Welsh outfit, having completed a takeover of the club.

A consortium led by Jason Levien and Steve Kaplan has acquired a 60-percent controlling stake of the Swans.

The takeover is set to be approved following the Premier League's tests for prospective club owners.

Huw Jenkins retains an executive role and ownership stake at Swansea, and he will continue to oversee the day-to-day running of the club.

The two United States buyers are planning to bring about sustainable growth for the Swans.

"Jason and Steve have vast experience in running sporting franchises in America," read a statement. "Jason is managing general owner of MLS side, DC United, while Steve is the executive vice-chairman of the Memphis Grizzlies in the NBA.

"Both see the takeover of Swansea City as an exciting opportunity for long-term growth in the club in every area.

"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.

"All parties expect the takeover to be fully sanctioned by the Premier League in the coming weeks."

The takeover from Levien and Kaplan is believed to be worth approximately £100 million.

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