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American takeover of Swansea now complete after delays

The takeover of Swansea by an American business consortium is now complete.

Swansea's takeover by an American consortium has been completed.

The consortium led by Steve Kaplan and Jason Levien has bought a 60 percent stake in the Premier League club.

The reported £110 million deal, which received Premier League ratification on July 1, was completed on Thursday night after a press conference to announce the purchase earlier in the day was postponed because of a dispute between two minority shareholders.

In a joint statement on the official Swansea website, Kaplan and Levien said: "We recognise this club means so much to so many people and we take the responsibility as owners very seriously.''

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