This post was originally published on The Athletic
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Swansea City’s lead investors Steve Kaplan and Jason Levien have agreed to sell their stake in the Championship club, subject to English Football League (EFL) ratification.
Levien, also the co-chairman and CEO of Major League Soccer team D.C. United, and Kaplan, led an ownership group that acquired Swansea at a valuation of £110million when the side were in the Premier League in July 2016. The precise value of their sale is contested but sources close to the situation, who spoke anonymously due to the confidentiality of the agreement, did not dispute the figure represents a vast drop on the…