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Steve Kaplan and Jason Levien have increased their shareholding in Swansea City following the sale of the remainder of Leigh Dineen’s stake, which amounts to 1% of the club's total value, WalesOnline understands.

And it is thought it brings an end to any active role in the daily management and operation of the football club for Dineen, though he will retain a position as vice-chairman.

The deal is believed to have been completed well before, and said to be unrelated to, the breakdown in talks between the Trust and the majority owners over the sale of some of the supporter group’s shares.

Dineen, via company BVS, held a stake of 5.3% in the club prior to the sale to US business partners Kaplan and Levien in July 2016. In the deal that valued the club at around £110m, Dineen sold all bar 1%.

Dineen did not retain a position as a director – though was briefly re-appointed in what was described as an “administrative error” before boardroom talks involving the 21% stakeholders the Supporters' Trust established he would not be returning to board level.

The sale of the remaining share is thought to have been agreed and completed last month and takes the total shareholding of Kaplan and Levien – via the US company Swansea Football LLC – to 69%.

It was revealed last month that Swansea Football LLC is made up of 27 investors, led by Kaplan and Levien. Romie Chaudhari and Bobby Hernreich have the next highest stakes and were appointed to the Swansea board two months after the takeover.

The sale of Dineen’s final share leaves three shareholders from before the US involvement - the Trust, Martin Morgan and chairman Huw Jenkins. The Trust to date have kept their 21.1% standing while Morgan and Jenkins have retained 5% each.

Dineen is understood to also keep his role as chairman of the club’s community trust and also retaining an advisory role at the club if and when required.

The move was made before it was revealed earlier this month that talks between the Trust and Kaplan and Levien over a sale of a percentage of the fan group’s shares have been put on hold.

Though it was claimed there has been no breakdown in relations between the parties, it remains to be seen whether a deal will be resurrected with the Trust saying it will go back to members following the initial mandate given to sell.

In a statement at the time, the American pair stated there were still “areas of concern amongst members of the Trust board and the membership as a whole over the offer” and that they wished to avoid the issue being an area of antagonism between the two parties “especially when the club finds itself in such a challenging position on the pitch”, but maintained there had been no changing of the goal posts with regards to the offer for some of the Trust’s shares, claiming the terms were actually improved to those from the initial club buy-out.

The subject of the original share sale has returned to the spotlight following claims by both Jenkins and the Supporters' Trust in recent weeks.

The climate prompted speculation surrounding a recent change in directorship of a company involved in the share purchase, OTH 2015 Ltd. According to those with an understanding of the deal, the company – established in September 2015 – owned the shares Martin Morgan and wife Louisa were intending to sell during the takeover.

As part of the July 2016 deal, the company was then bought by the US pair to formally acquire the shares. With all said shares transferred, the Morgans have again become directors of OTH Ltd 2015 in order to close the company.