The American takeover of Swansea City worth an estimated £100m is on the brink of being completed.

Businessmen Jason Levien and Steve Kaplan lead a consortium that is in talks to buy a 60% stake.

Legal details which had delayed the conclusion of the deal are now understood to have been resolved.

Once Levien and Kaplan pass the Premier League's test for prospective owners and directors, the takeover can be officially approved.

The deal has been agreed in principle and both parties are now awaiting legal ratification.

BSports 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 since the current board took charge in 2002,

Swansea City Supporters' Trust, which has a representative on the board, will retain its full 21.1% stake.

Chairman Huw Jenkins and vice-chairman Leigh Dineen, who will stay in their roles, will keep a reduced part of their current holdings, which are 13.2% and 5.3% respectively.

Hotelier Martin Morgan and wife Louisa hold the biggest stake in the Swans - 23.7% in the name of their company OTH Limited - though those shares could be divided and a small amount retained.

South Africa-born businessman Brian Katzen - who was part of the consortium which helped save the club in 2002 - will sell most of the 21.1% stake he has with business partner Jeffrey Crevoiserat.

Rob Davies, who ran Liberty Properties - title sponsors of the club's stadium - will sell his 10.5% holding, while Dutch businessman John van Zweden, who owns 5.3%, will also sell up.

Levien is the managing general partner of Major League Soccer side DC United, while Kaplan is principal of Oaktree Capital investment fund and vice-chairman of NBA franchise Memphis Grizzlies.

They had initially been negotiating a deal which would have seen them acquire more than 75% of Swansea's shares, effectively giving the American consortium complete control, including the power to issue more shares.

However, the modified acquisition of 60% will see the trust retain its 21.1% stake and ensure continuity at board level with the retention of Jenkins and Dineen.

*Martin Morgan resigned from his post as a director of OTH Ltd on 4 April 2016

**Brian Katzen and Jeffrey Crevoiserat own one more share than the Swansea City Supporters' Trust, giving them less than 0.1% more of a share.