American takeover of Swansea City is complete
Jason Levien and Steve Kaplan, experienced in running US sports teams, lead a consortium which has bought a controlling stake of 60% in the club.
They must pass the league's test for prospective owners to make it official.
"Both see the takeover of Swansea City as an exciting opportunity for long-term growth in the club in every area," the club said in a statement.
BBC Wales Sport revealed in April which of Swansea's directors would be selling all - or part - of their shares.
With the club now valued at about £100m, shares are believed to have increased tenfold in worth since the current board took charge in 2002.