American investors in talks about taking over Swansea City want to buy around a 60% stake in the club.
Jason Levien and Steve Kaplan had initially been negotiating a deal which would have seen them acquire more than 75% of the shares. That would effectively have given them complete control, including the power to issue more shares.
The new deal will protect the influence of the Swansea City Supporters' Trust, which will retain its 21% stake. Had Levien and Kaplan bought the initial stake of 75%, their ability to issue more shares could have diminished the value of the trust's shares.