- Swansea had flirted from the fan when the club with oblivion 2002 owned
- Under the new agreement, all parties will be selling some of the shares
- However, the confidence of his followers hold 21.1 percent of the association
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Foreign acquisition of Swansea City £ 100 million has been completed, leading to a value between 60 and 70 per cent of the Welsh club into the hands of a group of American businessmen Jason Levien and Steve Kaplan.
This marks a major shift for the Welsh - Club, the fan-owner was nearly went out of business in the year of 2002.
Except for the confidence of the fans, it retains its 21.1 percent slice of the other players who were part of this rescue package sold part or all of its parts in the buyout for huge returns, each share is at 100 - times its original value estimated.
Foreign purchase of £ 100 million Swansea City has concluded with the US business and Steve Kaplan Jason Levien purchase of 60 percent of the association,
the general manager of DC United Levien (right) is part owner of US investment group
Kaplan, the Executive Co-Chairman of the Basketball - Team - Minnesota Timberwolves NBA, is seen as key to finance the recovery and Levien is the agent who handled the negotiations, it is assumed that smaller is investors behind the couple and. not a leveraged buyout.
Sports provide three shareholders completely sold - Jeffrey Crevoiserat (which 21.1 percent with Brian Cat shares), Rob Davies (10.5 percent), John van Zweden (5.3 percent) .. Today it is difficult, if the Vice - President Leigh Dineen sold total.
Levien and Kaplan will file the papers with the Premier League on Monday and today owner and managing FA test the week before the buyout can be punished.
Swansea a statement on Sunday morning confirmed Huw Jenkins President is in the team to stay in an executive role "and continue to assist in their daily lives.
Swansea chairman Huw Jenkins will remain in a "leading function" and to support the daily operation of the Welsh club
The statement added: "Jason and Steve have extensive experience in sports - franchises in the administration of the United States Jason manages a total owner of the MLS DC United while Steve EVP of Memphis Grizzlies in the NBA ..
See "Both the resumption of Swansea City as a great opportunity for long - term growth in the club in all areas.
"There is a great deal of respect and the desire to build on the excellent work of Huw Jenkins and his colleagues board members, along with supporters of the trust, except swans and became a club of great prestige First League. '
Proponents of trust have been frustrated throughout the process and initially claimed to be "kept in the dark." Last week, they issued a statement that "it is not between the future shareholders of the association offered agreement formal agreement about how the association governed , including any future shareholder approval. "
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