Potential Swansea City takeover edges closer

A pair of American businessmen are reportedly closing in on a takeover of Swansea City, potentially worth up to £100m.

Stephen Kaplan and Jason Levein, it is understood, have been in talks with the Premier League club for over a year.

They seem to have plans for the future of the club, including:

Plans for the purchase and expansion of the Liberty Stadium
The club’s Supporters Trust retaining a key role, including shares and their seat on the board
Swans chairman Huw Jenkins remaining at the club, in his current frontline role
Finances to assist with the infrastructure of the club, including investing in the playing squad

There are no suggestions of a leveraged buy-out with no debt attached to Swansea as a result of the deal.

Trust board members met with one of the American figureheads before today’s 1-0 victory over Chelsea.

Kaplan and Levein have built their reputation Stateside, with Levien Managing General Owner at Major League Soccer outfit DC United and Kaplan a shareholder in NBA franchise Memphis Grizzlies.

By Steve Osborne @BlizzardSteve75