Swansea City Takeover Expected to Yield “Significant Opportunities,” Says Chairman Coleman

Andy Coleman, who assumed the role of chairman at Swansea City in May 2023, anticipates that the club’s forthcoming takeover will present “significant opportunities.” The acquisition involves Coleman, Brett Cravatt, Jason Cohen, and Nigel Morris purchasing shares from the current majority owners, Jason Levien and Steve Kaplan. While the transaction awaits ratification from the English Football League (EFL), Coleman has confirmed that the four individuals are in the process of assuming control of the Championship club. In a statement, Coleman declared: “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 further stated: “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.” The American pair, Levien and Kaplan, acquired a 68% stake in the club in 2016, when it was competing in the Premier League. That transaction valued Swansea at approximately £100m to £110m. Swansea was subsequently relegated to the Championship two years later and is currently in its seventh consecutive season within England’s second division. Last year, Coleman acquired a “significant shareholding” in the Welsh club, alongside his appointment as chairman. Fellow American businessman Cravatt and British businessman Morris also invested in the club last year. Cohen, a business associate of Cravatt’s, is slated to become a stakeholder as part of the planned takeover. Prior to their upcoming match against Burnley on Sunday, Swansea occupies ninth position in the Championship standings, having secured 19 points from their initial 14 league fixtures of the season under head coach Luke Williams.