- Associated Press - Saturday, April 9, 2016

SWANSEA, Wales (AP) - English Premier League club Swansea has confirmed it was in talks on a potential takeover from American investors.

The club was “working to finalize an agreement to bring in a new major shareholder,” it said in a statement on its website on Saturday.

Swansea hopes by the end of the season to have a deal in place with Steve Kaplan, Jason Levien, and their investment group.

Kaplan is a minority owner of the NBA’s Memphis Grizzlies. Levien is a part-owner of MLS team DC United. They have recently also been trying to buy a stake in the NBA’s Minnesota Timberwolves.

Swansea chairman Huw Jenkins and vice-chairman Leigh Dineen say they will remain in their club roles.

“We believe we have a proposal which will help Swansea City progress both on and off the field,” Jenkins said in the statement.

Swansea was owned by a number of parties, including the Swansea City Supporters Trust. The potential stake that the investors were looking to buy was not reported.

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