Swansea takeover completed

Steve Kaplan and Jason Levien have completed their £110million takeover of Premier League club Swansea.

The American duo have purchased a 60 per cent controlling stake in the Welsh club and have already received Premier League ratification.

Swansea Supporters Trust retain a 21 per cent share in the club, who finished 12th in the Premier League last season.

The new owners were forced to cancel a planned press conference due a late delay but their takeover was confirmed later on Thursday evening.

"We would like to thank everybody we've met in Swansea for such a warm and friendly welcome," they said in a press release.

"We appreciate how important the football club is to the city of Swansea and we wanted to communicate with you, the fans, our thoughts as new partners in the club.

"A number of people have asked us why the Premier League and why Swansea City? Quite simply we believe the Premier League is the greatest football league in the world.

"Once we decided on the Premier League, we looked for a club that possessed a particular style of football on the pitch that we believe will give rise to sustainable long-term success.

"We also wanted to be a part of a club that was at the very heart and soul of the community in which it plays. Over the course of a year we looked at a few clubs, but as we dug down deeper, our focus always returned to the Swans.

"We are absolutely delighted some of these original shareholders have decided to continue as owners and will be our partners. Of course, Huw Jenkins and Leigh Dineen will be key members of our management team going forward.

"We also want to acknowledge the Supporters' Trust which will remain a significant shareholder in the club. We have reached out to the Supporters' Trust and met with them on many occasions and we look forward to working with them as our partners in helping to move the club forward.

"We look forward to meeting as many of you as possible in person over the coming weeks and months and to another successful season for the Swans. Cheers, Stephen Kaplan and Jason Levien."