Report: Swansea City’s proposed £110 million takeover delayed

Liberty Stadium

Swansea City’s proposed takeover by American businessmen Jason Levien and Steve Kaplan has been delayed, according to reports.

It was revealed in April that following nearly six months of negotiations, American businessmen Jason Levien and Steve Kaplan had reached an agreement to purchase a majority stake at Swansea City.

Levien and Kaplan were reported to have offered £110 million for a 60 percent stake at the Welsh club and the duo had pledged an initial investment of around £80 million, which would be allotted to improve the training facilities as well as the playing squad.

The takeover was expected to be finalised following the Swans' encounter against Newcastle United on April 16 but surprisingly, a confirmation has still not been announced by the club.

Now to shed light on the protracted deal, the Southwales Evening Post have revealed that the proposed takeover has been delayed due to the fact that the details of exactly which of the current Swansea shareholders will be selling their stake are yet to be sorted.

Despite the hiccup though, there is willingness from both parties for the takeover to be completed and an agreement being finalised this summer remains within the realms of possibility.

Speaking about the situation to the Southwales Evening Post, current Swansea chairman Huw Jenkins revealed: "There are things going on behind the scenes, but there's no big update at the moment.

“Things are ongoing. When the news (about the possibility of a takeover) first came out, there was still quite a long process ahead.

“Over the next few weeks things may develop, but there are certain things which have got to be looked at and gone through. Until all that's done, nothing can be finalised."

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