The American ownership team of Jason Levien and Steve Kaplan has completed its purchase of Premier League side Swansea City, the club announced Sunday.
The purchase is still subject to final approval from the Premier League.
Levien and Kaplan are leading an investment group that now controls a 60% stake of the club, which is currently valued at around $145 million. The rest of the shares will be retain by the Swansea City Supporters’ Trust and a number of part owners.
Levien is the managing general partner of Major League Soccer club D.C. United, while Kaplan is the executive vice-chairman of the Memphis Grizzlies of the NBA.
Swansea City finished 12th in the EPL standings this season.