Premier League side Swansea City's Swansea Supporters Trust vice-Chair Jim White said that he has "yet to see any evidence that the group finalising an agreement to purchase a controlling interest has any money to invest in the club," according to the PA. The club confirmed on Saturday that American duo Oaktree Capital Group co-Founder & NBA Memphis Grizzlies vice-Chair Steve Kaplan and MLS side D.C. United Managing General Partner Jason Levien "are in talks." However the Trust, which currently owns a 21% stake in the club, "insists it has not seen any additional information." White said, "This is a sale of shares, there's no other way to describe it at the moment. The reality is we have not seen any details of investment. ... We have not seen any details or further information around investment as such. No one doubts investment is needed, but look at Leicester City -- they have a similar wage bill to what we at the Swans have. They have shown you can compete without billions of pounds." A deal reportedly worth around £100M ($143M) "is expected to be finalised in the coming weeks" (PA, 4/12).
