KAILNG JOINS SWANSEA CITY OWNERS

Mindy Kaling has joined the Swansea City ownership, alongside 26 others. The American Consortium led by Steve Kaplan and Jason Levien bought 68% stake in the football club in 2016. Aside the duo, other investors include filmmaker and owner of Los Angeles Rams Chip Rosenbloom, Kevin Knight, Michael Harmon, Cliff Singer and Steven Yi.

When the takeover was completed in 2017, the list of investors was not in the open but BBC Wales now have the full list of names. The investors got the Premier League outfit for £75 million, meaning they have 68 percent controlling stake.

The lead Kaplan and Levien hold 30 percent of the consortium’s shareholding. While the 59-year old Kaplan is the head of an investment coy and vice-chief of basketball franchise Memphis Grizzlies, Levien, who is 46 years old, is the managing general partner of MLS side DC United. Kaplan provided the bulk of the money, so Levien is the second largest shareholder in the group.

Rosenbloom has 6.3 percent stake in the group, while the star of the American version of The Office and owner of her show the Mindy Project, Kaling has 1 percent ownership. Former United States soccer team skipper and Everton star Landon Donovan has 0.4 percent stake.

The third highest shareholders Romie Chaudhari and Robert Hernreich have stakes higher than 5 percent so they were named the club directors in the fourth quarter of 2016. The Swansea City Supporters Trust has 21.1 percent while Chairman Huw Jenkins and director Martin Morgan retained 5 percent leaving Vice Chairman Leigh Dineen with 1 percent.

The rest of the American Consortium includes Jeffrey Aronson, Kerry Assil. Laurence Berg, David Ott, David Snyderman, Andris Upitis, George Leiva, Curtis Lane, Edward Shapiro, Dr. John Zvijak, James Ford, Ian Schapiro, and Brian Wersdesheim.


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