Statement from Swansea City chairman Andy Coleman

Andy Coleman, chairman of Swansea City AFC:

"I wanted to share an update with you all personally on the news that broke last night. As you know, I along with Brett Cravatt, Jason Cohen, and Nigel Morris are buying out Steve Kaplan, Jason Levien, Jake Silverstein and all their investors. We’re also excited that new partners are joining us in making a major new investment in the club.

"While we await EFL approval, we’re excited about the significant opportunities our new ownership group will bring to Swansea City. We believe this marks a truly exciting new beginning for the football club. I can’t wait to share our plans in the days and weeks ahead.

"For now, all our focus is on the game against Burnley on Sunday! I hope to see you there!"