Steve Kaplan and Jason Levien agree to sell stake in Swansea City in major ownership shift

Steve Kaplan and Jason Levien have agreed to sell their stake in Swansea City, WalesOnline understands.

The pair have been leading investors in the club since 2016, where they were part of an ownership group that purchased the-then Premier League club for around £110m.

Their reign has been a largely turbulent one, with the club falling out of the Premier League two years later, while the club's perceived failings in several transfer markets since their return to the second tier has been a source of frustration for many supporters.

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Andy Coleman, who was made chairman at the club after he acquired a stake in May 2023, had largely been the face of the American ownership group on the ground. He now is set to take a substantial part of their majority stake in the club, which will inevitably strengthen his power at the club.

Board member Brett Cravatt and minority stakeholder Nigel Morris are believed to be in line to buy out the remainder of their shares, but the exact make-up of the club's shareholding isn't yet known at this stage.

There's also no indication on much the sale will be worth, but it's claimed it could see an extra £20m invested into the club.

In a statement, Coleman said: “It is critically important for Swansea City to move on from the previous owners. I want to thank Brett Cravatt, Jason Cohen, Nigel Morris and our partners for coming together to make that happen. Together we are bringing more than £20 million directly into the club. This gives us a great foundation to drive Swansea City forward.”

It's understood the move could well be completed in the next few weeks.