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.
Swansea City chairman Huw Jenkins believes the club have added 'a huge asset' in new Head Coach Francesco Guidolin.Read the full story ›
New first team coach Francesco Guidolin will have the final say on team selection at Swansea City following confirmation that he will join Interim Manager Alan Curtis until the end of the season.
Guidolin, who led Udinese to third place in Italy’s Serie A, has a wealth of top level experience including three promotions with three separate clubs: Parma, Palermo and Vicenza.
He also lead Vicenza to the Italian cup as well as a 1998 Cup Winner’s Cup semi final against Chelsea.
The 60 year old takes on the role of Head Coach working alongside Curtis but the club have confirmed that Guidolin will be given the final say on all team selections as Swansea fight off the threat of relegation.
Guidolin will watch from the stands this evening when Swansea meet Watford in the Premier League where he will assess the task ahead of him before joining up with the squad this week.
Swansea Chairman Huw Jenkins though stressed the appointment is, for now at least, temporary with both parties agreeing to review the situation at the end of the season.
Francesco Guidolin is set to get his first glimpse of Swansea's Barclays Premier League survival prospects when he watches them play Watford tonight.
It's understood the 60-year-old Italian will be named as the club's new head coach working alongside Alan Curtis, who was only confirmed in the role 10 days ago.
Guidolin - who will sign an initial short-term contract - will watch from the stands before taking charge for the first time in next Sunday's top-flight trip to Everton.