Head of the American Consortium Jason Levien confirmed they would be purchasing "about 68%" of the club. The move was confirmed yesterday.Read the full story ›
American investors have tonight announced that a deal to take over a 60% share of Swansea City football club has now been completed.
They broke the news in a letter published on the team's website where they also revealed what they hope to bring to the club.
Paul Davies has more:
Swansea City striker Alberto Paloschi is to join Atalanta after just four-and-a-half months the Premier League side have announced.
Paloschi only signed for the Swans from Chievo in January on a three-and-a-half-year deal for a fee thought to be around £8million.
The 26-year-old Italian went on to score two goals in 10 appearances.
A statement on Swansea's official website said Paloschi had agreed to move to Atalanta for an undisclosed fee, with the transfer set to be completed on July 1st.
The takeover of Swansea City by an American investment group has been completed subject to Premier League approval.
The American consortium - fronted by Jason Levien and Steve Kaplan - has been in talks over acquiring control of the club since last year.
It's understood the Americans have acquired around 60% of the Premier League side with the club confirming the news this morning.
They must now pass the Football Association's owners' and directors' test before the deal is ratified.
Swansea boss, Francesco Guidolin is set to stay on as head coach next season after guiding the club away from relegation danger.
The club's board will meet tomorrow to discuss the future of the Italian. Guidolin started his career at Swansea in January after Gary Monk was sacked as head coach.
His appointment is likely to be agreed following Swansea City's safety in the Premier League, with seven wins and three draws from his 15 games in charge.
The 60-year-old has previously said he wants to extend his short-term deal with the club, and his cause was further helped by Saturday's remarkable 4-1 win at West Ham.
Alan Curtis is set to be in charge of an unchanged Swansea team at Bournemouth as head coach Francesco Guidolin continues his recovery from a chest infection.
Guidolin has selected the side but first-team coach Curtis will take command in the dug-out again as Swansea seek to ease their Barclays Premier League relegation worries further after wins over Arsenal and Norwich.
Francesco Guidolin insists his future remains at Swansea despite the illness which will see him miss a third game at Bournemouth on Saturday.
My future is here because I have a contract for this season.
The most important thing is to save the team and keep the possibility to play in the Premier League next year.
I am happy to be here and there is the possibility to stay here a long time, but right now it is not important.
Swansea City managed to move 9 points away from relegation, with a win at home against Norwich this afternoon.
A single goal from Gylfi Sigurdsson in the second half was enough to put the hosts in front.
Norwich are now without a win in 10 matches.
Swansea eased their relegation concerns last night with a 2-1 win made all the more memorable given manager Francesco Guidolin remains in hospital with a chest infection.
The Swans' boss missed the Arsenal trip, leaving assistant Alan Curtis to step in - and pull off a match-winning tactical tweak.
Wayne Routledge and Ashley Williams struck at the Emirates Stadium for the Swansea victory.
The Swans host Norwich at the Liberty Stadium on Saturday, with Curtis expecting Guidolin back in the dugout.
I think he'll stay in hospital for a couple of days but apparently it can remedy itself quite quickly. Hopefully he'll be with us on the weekend.
We felt we had to change the shape early on in the match, because in the first 15 minutes they kept coming and coming. But don't tell the boss about that!
Swansea City have gained a vital three points against Watford in the Premier League.
Captain Ashley Williams scored for the home side in the 27th minute of the match at the Liberty Stadium - watched on by new head coach Francesco Guidolin.
Guidolin, who was welcomed by the club earlier today, is set to work alongside interim manager Alan Curtis but will have the final say on all selection matters.