Friday 22 July 2016 12:31, UK
The American consortium that has taken a controlling interest in Swansea will purchase "about 68 per cent of the club".
Jason Levien, who heads up the consortium with fellow American Steve Kaplan, revealed the figure at Swansea's Liberty Stadium on Friday.
Levien, though, would not go into financial specifics about the arrangement but revealed there are no plans to change the club colours and that money will be available to sign new players.
The reported £110m deal, which received Premier League ratification on July 1, was completed on Thursday night after a press conference to announce the purchase earlier in the day had been postponed because of a dispute between two minority shareholders.
"I think we've bought into a club with an exciting history and a tremendous fan-base, and we are thrilled to have the opportunity to be a part of it," said Levien.
"We are taking a controlling interest in the club. I believe, ultimately, about 68 per cent of the club is what we will be purchasing.
"We think it is a very valuable club, and one that are we are deeply appreciative to be a part of, but I am not going to go into specific numbers on the investment.
"I first spoke to Huw about a year ago. We had conversations about football, the philosophy of football and how the club is run here.
"I first came to visit late last summer. I thought it was a unique opportunity. The Premier League is a unique opportunity, but above that, we think Swansea is a terrific fit for Steve and I to be a part of."
Asked about specific targets the consortium might have for Swansea now the takeover has been completed, Levien added: "We want to take a very thoughtful and measured approach. We want to think about sustainability.
"We're not looking for a massive change in terms of what's been done.
"We're in it to win. That means a lot to us, and we hate to lose. We won't let emotion cloud our judgement.
"We want the club to be in a better place in five years. We think we can add some commercial value, and we want the club to flourish on the pitch. How we measure that success will be determined over time."
