Takeover to bring 'significant opportunities' to Swansea - Coleman
Andy Coleman became chairman of Swansea City in May 2023
- Published
Chairman Andy Coleman believes the impending takeover of Swansea City will provide the club with "significant opportunities".
Coleman, Brett Cravatt, Jason Cohen and Nigel Morris are set to buy the shares of majority owners Jason Levien and Steve Kaplan.
The deal remains subject to English Football League (EFL) ratification, although Coleman confirmed the quartet are in the process of taking control of the Championship side.
In a statement, Coleman said: "As you know, I along with Brett Cravatt, Jason Cohen and Nigel Morris are buying out Steve Kaplan, Jason Levien, Jake Silverstein and all their investors.
"We’re also excited that new partners are joining us in making a major new investment in the club."
He added: "While we await EFL approval, we’re excited about the significant opportunities our new ownership group will bring to Swansea City.
"We believe this marks a truly exciting new beginning for the football club. I can’t wait to share our plans in the days and weeks ahead."
American duo Levien and Kaplan bought a 68% stake in the club - who were then in the Premier League - in 2016 in a deal that valued Swansea at around £100m to £110m.
The Swans were relegated to the Championship just two years later and are now in their seventh consecutive season in England's second tier.
Coleman bought a "significant shareholding" in the Welsh club last year in addition to being made chairman.
His fellow American businessman Cravatt and British businessman Morris both invested in the club last year, while Cohen - a business associate of Cravatt's - is also set to become a stakeholder as part of the proposed takeover.
Ahead of Sunday's trip to Burnley, Swansea sit ninth in the Championship having claimed 19 points from their opening 14 league matches of the season under head coach Luke Williams.