Swansea City have confirmed that their takeover by an American consortium has been completed.

The deal, worth a reported £110m, had stalled earlier this evening due to a dispute between two minority shareholders.

However, it has been quickly resolved and the consortium, led by Steve Kaplan and Jason Levien, has now acquired a controlling 60% stake in the club.

"We would like to thank everybody we've met in Swansea for such a warm and friendly welcome. We appreciate how important the football club is to the city of Swansea and we wanted to communicate with you, the fans, our thoughts as new partners in the club," read a statement from the new owners on the club's official website.

"We recognise this club means so much to so many people and we take the responsibility as owners very seriously. While we plan on being long-term owners we know the team belongs to the community. In essence, we see ourselves as guardians of the club but it belongs to the fans of Swansea City. One thing we want to be clear about is our priorities as owners.

"Priority number one, two and three is the performance of the team on the pitch. We will field a competitive team that will battle every week against the greatest teams and players in the world. It is our intent and goal to be a long-term fixture in the Premier League that competes on a consistent basis with some of the finest teams in the world."

The initial deal had been agreed last month and received the Premier League ratification on July 1, paving the way for the details to be finalised.

Swansea's first competitive match under their new owners will come away to Burnley on August 13.