Swansea City AFC: Americans Jason Levien and Steve Kaplan become majority shareholders

Two American businessmen, Jason Levien and Steve Kaplan, have become majority shareholders of Swansea City AFC (Premier League), announced the club on 05/06/2016. "Jason and Steve will lead an investment consortium which has acquired a controlling majority of the shares with several existing shareholders also maintaining a smaller stake in the club," stated Swansea City AFC.

Several British media outlets estimate that the equity share held by a group of investors led by the two men should be between 60% and 70%. This acquisition would value Swansea City AFC at £110m (€143.1m on 05/06/2016). Welshman Huw Jenkings, the current club president and shareholder with 13.2%, will see his participation reduced, but will retain his executive role and will be responsible for the day-to-day operations of the club.

"Jason and Steve have vast experience in running sporting franchises in America. Jason is managing general owner of the MLS team, DC United, while Steve is the executive vice-chairman of the Memphis Grizzlies in the NBA. Both see the takeover of Swansea City as an exciting…