Sunday, 5 June 2016

US investors Completes Acquisition of Premier Club Swansea City

Swansea City 0506

Swansea City finished 12th in the Premier League after a disappointing 2015-16 eighth last season finish.

© AFP

Strengthen

Swansea: US - investors have their acquisition of English Premier - complete club Swansea City - League.

Swansea City on Sunday said the consortium Club "has acquired shares control" - reported in the British media and 60 percent - after a long negotiation process.

The consortium is led by Steve Kaplan, owner of a president and vice minority of Memphis Grizzlies in the NBA, and Jason Levien, co-owner of MLS team DC United.

The agreement is still sanctioned by the Premier League. Financial details were not disclosed.

Swansea, said in a statement that Kaplan and Levien "to all areas, see the resumption of Swansea City as a great opportunity for long-term growth in the club as".

Swansea have been since 2011 in the Premier League.

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