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Swansea City American takeover completed

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American businessmen Steve Kaplan and Jason Levien have completed their takeover of Swansea City.

The pair lead a consortium which has brought a 60 per cent stake in the Premier League Swans.

Swansea Supporters Trust retain a 21% shareholding in the club. Despite this, the Trust claim they are ‘disappointed’ that they were not included in any talks.

The news was broken in an open letter to Swansea supporters. Part of the statement read:

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 were attracted to the team’s distinctive style of play and we loved the intensity of the relationship between the fans and the football team. Backed by the Supporters’ Trust, no other team’s support base is as strong as Swansea’s.

“We recognise this club means so much to so many people and we take the responsibility as owners very seriously. While we plan on being long-term owners we know the team belongs to the community. In essence, we see ourselves as guardians of the club but it belongs to the fans of Swansea City.”
“We 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.
“In that regard, we plan to work with the Trust as our partners in determining the best path to expand and improve the fan experience at the Liberty Stadium.”
By Steve Osborne                           @BlizzardSteve75

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