Premier League gives new consortium green light
1st July 2016
Swansea City is pleased to confirm that the Premier League has today ratified the proposed deal for Steve Kaplan and Jason Levien to purchase a controlling interest in the football club.
In a joint statement, Steve and Jason said: "We are delighted that the Premier League has ratified our deal to buy a controlling interest in the club.
"We had a very positive meeting yesterday and we appreciate the fact the Premier League has moved so swiftly to give us the green light to move forward.
"There are still a few minor loose ends to tie up on the deal which we envisage will be completed before the end of the month.
"In the meantime, we are both extremely excited to be part of a new era for Swansea City and working with Huw Jenkins and the Supporters' Trust in taking the club forward."
Swansea City chairman, Huw Jenkins, added: "We are all extremely pleased with the outcome of the Premier League meeting.
"It will now enable us to move forward fully focussed and put everything in place for the start of another very important Premier League season.
"Everyone at the club is looking forward to working together with Steve and Jason for what will be a new and exciting chapter in the club's proud history.''