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General view of Liberty Stadium

Swansea City

Swansea City takeover given Premier League green light

By , Reporter
Swansea City's proposed sale to US investors moves a step closer after receiving ratification from the Premier League.

Swansea City's proposed sale to investors from the United States has moved a step closer after receiving ratification from the Premier League.

An investment group fronted by Jason Levien and Steve Kaplan agreed a £100m package which saw them acquire a controlling stake in the Welsh club last month.

"We had a very positive meeting yesterday and we appreciate the fact the Premier League has moved so swiftly to give us the green light to move forward," the duo said in a statement on the club's website.

"There are still a few minor loose ends to tie up on the deal which we envisage will be completed before the end of the month.

"In the meantime, we are both extremely excited to be part of a new era for Swansea City and working with Huw Jenkins and the Supporters' Trust in taking the club forward."

The deal is reportedly expected to be completed in July.

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A general view outside the ground prior to the Barclays Premier League match between Swansea City and Chelsea at Liberty Stadium on January 17, 2015
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