Swansea chairman Andy Coleman and partners complete takeover
The deal will see the new owners inject more than £20million into the club
Swansea chairman Andy Coleman and his partners have completed their takeover of the Championship club by buying up the shares of Steve Kaplan, Jason Levien and Jake Silverstein.
Coleman and fellow investors Brett Cravatt, Nigel Morris and Jason Cohen now control more than 80 per cent of Swansea's shares after snapping up the 74.95 per cent stake which had been held by Kaplan, Levien and Silverstein.
The deal will see the new owners inject more than £20million into the club.
Coleman said: "I'm very excited for Swansea City and our fans to announce this new majority ownership and new investment. This change gives us an opportunity to reset and begin a new era for this great club.
"We are building a high-performing organisation that can power sustainable and durable success. But there are no shortcuts on this journey. Football doesn't owe us anything. We've got to earn our chance, and we've got to take it."
Levien and Kaplan bought a controlling stake in the club in 2016, valuing Swansea at more than £100million, although the club suffered relegation from the Premier League two years later.