LONDON: A consortium headed by American businessmen Jason Levien and Steve Kaplan has purchased a controlling stake in Swansea, the Premier League club announced on Sunday. The deal, concluded after lengthy negotiations, will see Huw Jenkins remain in an executive role and charged with the day-to-day running of the club. “Jason and Steve have vast experience in running sporting franchises in America,” Swansea said in an official statement on their website. “Jason is managing general owner of MLS side, DC United while Steve is the executive vice-chairman of the Memphis Grizzlies in the NBA. “Both see the takeover of Swansea City as an exciting opportunity for long-term growth in the club in every area.” Levien has also held roles at the Grizzlies and Philadelphia 76ers and also works as an advisor to Inter Milan majority owner and president Erick Thohir, who co-owns DC United with him.
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