An American investment group have completed the takeover of Premier League club Swansea City with a substantial 60 per cent being purchased for £100m by the group, Daily Mail report.
The £100m deal points the club in a new direction after 14 years of fan ownership that has overseen their rise from the murky depths of the Football League to achieving 8th in the Premier League last season - their highest ever position in the top flight.
The fans, who kept the Welsh club afloat after coming perilously close to being out of business, reportedly sold their shares for around 100 times higher than their original worth.
Apart from a 21.1 per cent stake in the club from a supporter's trust, the ownership of the club has no links to its supporters, but is instead no controlled by foreign owners after the American investment group bought a 60 per cent majority.
The key elements of the American group's purchase of the Premier League club were handled by Americans Jason Levien and Steve Kaplan.
Levien, who is the managing general owner of MLS club D.C United, acted as the broker in the negotiations, whilst Kaplan, executive co-chairman of NBA team Minnesota Timberwolves, is financing the deal.
In light of the changes at the club, current chairman at Swansea, Huw Jenkins, will move on to an 'executive' role after the American pair complete their FA owners and director's tests next week.
The club issued a statement confirming Jenkins will remain at the club and continue aiding the club to continue its smooth process.
The statement read: "Jason and Steve have vast experience in running sporting franchises in America. Jason is managing general owner of MLS side, DC United while Steve is the executive vice-chairman of the Memphis Grizzlies in the NBA.
"Both see the takeover of Swansea City as an exciting opportunity for long-term growth in the club in every area. "?There is a huge level of respect for and a huge desire to build on the outstanding work of Huw Jenkins and his fellow board members who, alongside the Supporters' Trust, rescued the Swans and transformed them into a highly-respected Premier League club."