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Swansea City takeover to be concluded in the next week

Jason Levien CEO & Managing Partner of the Memphis Grizzlies
Image: Jason Levien, currently a co-executive chairman of the Memphis Grizzlies, is part of a group buying into Swansea City

The sale of Swansea City to American businessmen Jason Levien and Steve Kaplan will be concluded within a week.

Sky Sports News HQ understands more than six months of negotiations will be concluded in the days following the Swans' visit to Newcastle this weekend.

Levien and Kaplan are purchasing a controlling stake in a deal worth approximately £110m - and will invest between £30m and £50m in the Liberty Stadium, training facilities and playing staff.

It is thought the Supporters' Trust, which owns more than 21 per cent of the club, will remain as the second largest shareholders, and Huw Jenkins will continue in his role as the club's chairman.

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Swansea boss Francesco Guidolin says safety is nearly sealed after beating Chelsea.

Levien is a former lawyer turned agent who is currently General Managing Owner of MLS side DC United, based in Washington.

Kaplan is currently co-executive chairman of the NBA's Memphis Grizzlies and founder of Oaktree Capital Management.

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Levien is expected to travel to Newcastle to see this weekend's fixture. Any deal will be subject to Premier League approval.

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