Football: US group buy Swansea

Football: US group buy Swansea

LONDON – A consortium headed by American businessmen Jason Levien and Steve Kaplan has obtained a controlling stake in Swansea, the Premier League club announced on Sunday.

The offer, concluded after extended negotiations, might find Huw Jenkins stay in a professional role and billed using the day-to-day running from the club.

“Jason and Steve have vast experience of running sporting franchises in the usa,Inch Swansea stated within an official statement online.

“Jason is managing general who owns MLS side, Electricity U . s . while Steve may be the executive vice-chairman from the Memphis Grizzlies within the National basketball association.

“Both begin to see the takeover of Swansea City being an exciting chance for lengthy-term growth that the gym has in each and every area.”

Levien has additionally held roles in the Grizzlies and Philadelphia 76ers as well as works being an consultant to Inter Milan majority owner and president Erick Thohir, who co-owns Electricity U . s . with him.

It’s understood the American duo has acquired around 60 percent from the club, which finished twelfth, on 47 points, last season under new Italian coach Francesco Guidolin.

The offer is susceptible to official ratification through the Premier League.

The move may be the latest inside a spate of foreign purchase of the lucrative British topflight using the greatest success story involving Leicester City.

Thailand’s shopping magnate Vichai Srivaddhanaprabha compensated £39m ($60m) for that club this year, overseeing the finest rags to riches story in football when his 5,000-1 shots sealed the Premier League title recently.

Swansea’s fellow Welsh side Cardiff were absorbed by Malaysian millionaire Vincent Tan six years back.

Relegated Aston Rental property were the most recent club to alter hands once they were bought by Harvard-educated Chinese owner Tony Xia recently.

American curiosity about the Premier League has already been well-established, with Stanley Kroenke the biggest stakeholder at Arsenal, John Henry owning Liverpool and also the Glazer Family well embedded at Manchester U . s .. Sunderland meanwhile are at the disposal of Irish-American businessman Ellis Short.

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