Premier League backs US investors to take control of Swansea
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Swansea says the Premier League has approved a deal for American investors to take control of the south Wales club.
Steve Kaplan, a minority owner and executive vice chairman of the NBA's Memphis Grizzlies, and Jason Levien, a part-owner of Major League Soccer's DC United, have yet to complete their takeover.
On the Swansea website, Kaplan and Levien say "there are still a few minor loose ends to tie up on the deal which we envisage will be completed before the end of the month."
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Lawyers for outgoing investors previously said the deal values Swansea at 110 million pounds ($146 million).
A supporters' trust still owns more than 20 percent of Swansea, which has been in the Premier League since 2011.