Majority owners of Swansea City Football Club, Jason Levien and Steve Kaplan, are preparing to sell their shares to fellow shareholders Andy Coleman, Brett Cravatt, and Nigel Morris, along with businessman Jason Cohen, marking a significant shift in the club’s ownership.
Levien and Kaplan, both American investors, have been at the helm of the Welsh club since 2016, when they led a consortium to acquire then-Premier League side Swansea City for approximately £110 million. However, the pair are now looking to step aside, according to reports from The Athletic.
This upcoming transition will see Andy Coleman, an American businessman who became Swansea City chairman in May 2023 after acquiring a substantial stake, taking on a more prominent leadership role. Coleman did not hold back when speaking to The Athletic, expressing his view on the club’s future and indirectly criticising the previous owners: “It is critically important for Swansea City to move on from the previous owners,” he said.
He went on to express his gratitude to Cravatt, Cohen, Morris, and other partners for supporting the shift. “I would like to thank Brett Cravatt, Jason Cohen, Nigel Morris and our partners for coming together to make that happen. Together we are bringing more than £20 million directly into the club. This gives us a great foundation to drive Swansea City forward.”
Coleman’s partners in this takeover include Cravatt, a fellow American businessman, and Morris, a British investor, both of whom became involved with the club last year. However, the transaction remains subject to approval by the English Football League (EFL).
Currently, the club’s ownership structure sees Kaplan, Levien, Coleman, and another American businessman, Jake Silverstein, jointly holding a 74.95% majority stake, while Morris holds a 12.59% share. The Swansea City Supporters’ Trust retains a 9.42% stake, which includes a protected 5% share to safeguard fan interests in the club’s future.
This change in ownership marks a new chapter for Swansea City, with Coleman and his partners injecting new capital and ambitions as they look to advance the club’s position.
