Jason Levien and Steve Kaplan's eight-year spell in charge of Swansea City is over after they sell their majority shareholding to Andy Coleman, fellow shareholders Brett Cravatt and Nigel Morris and businessman Jason Cohen.
Andy Coleman became Swansea chairman in May 2023, when he bought what was a described as a "significant stake" in the clubJason Levien and Steve Kaplan's eight-year spell in charge of Swansea City is over after they sold their majority shareholding to Andy Coleman, fellow shareholders Brett Cravatt and Nigel Morris and businessman Jason Cohen.
Cohen, a business associate of Cravatt, will join the Swansea board, along with three further American investors, Tyler Morse, George Popstefanov, and Chris Sznewajs."The new partners that I have inside of Swansea City are as fully committed as I am to helping every single day to take this club where it deserves to be," Coleman said.
Instead, he said the money will be used to "stabilise the business" with a focus on the "long-term sustainability of the club, while not holding back on our ambition". Coleman says the business backgrounds of Cravatt, Cohen and Morris, as well as Morse, Popstefanov and Sznewajs, will benefit Swansea."What we now have is a really connected board and group of partners who share the same vision and love of Swansea," Coleman said.
"Each of us in the ownership group have built and run successful businesses from the ground up," he said. Cohen said: "I have been fortunate to build and lead businesses that have put a high performing, entrepreneurial culture at the core of their operating models.Paul Meller, who represents the Supporters' Trust on Swansea's board, said he was "delighted" by the ownership change.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Republic of Ireland squad: Seamus Coleman returns as Andy Moran called upFit-again captain Seamus Coleman is named in Republic of Ireland squad for the upcoming Nations League matches with Finland and England.
Read more »
Daniel Farke press conference LIVE with Leeds United boss on injuries, team news and Swansea CityLatest updates from the Leeds United manager's press conference ahead of Sunday afternoon's Championship clash with Swansea City at Swansea.com Stadium as Daniel Farke faces questions on team news
Read more »
Swansea City vs Millwall: ChampionshipFollow live text commentary, score updates and match stats from Swansea City vs Millwall in the Championship.
Read more »
Swansea City in line for injury boost for Leeds United showdownSwansea City could see Jay Fulton return to their matchday squad ahead of Sunday's Championship fixture against Leeds United.
Read more »
Ollie Cooper: Swansea City and Wales midfielder faces three months out with foot injurySwansea City and Wales midfielder Ollie Cooper is facing three months out because of a stress fracture in his foot.
Read more »
Leeds United handed 'Gareth Bale' warning for exciting Swansea City starDaniel Farke's men facing Swansea City after the international break
Read more »