American duo Steve Kaplan and Jason Levien have completed the takeover of Swansea City Football Club, subject to the approval of the Premier League.
Kaplan, the co-founder of Oaktree Capital Group and vice chairman of the NBA's Memphis Grizzlies, and D.C. United managing general partner Levien have purchased a controlling interest in the club.
Sources told ESPN.com that the deal was on the table back in April and now it has been confirmed.
A statement on Swansea's official website read: "Jason and Steve will lead an investment consortium which has acquired a controlling majority of the shares with several existing shareholders also maintaining a smaller stake in the club.