Swansea City chairman Huw Jenkins says the focus is now on improving the squad following the take0ver.
Jenkins will remain in his position under new American owners Jason Levien and Stephen Kaplan who have acquired about 68per cent of the club.
And the Swans supremo insists he will now target several signings to bolster Francesco Guidolin’s options for the new season.
Jenkins said: “We know we need one or two players in, mainly forwards, to get ourselves ready for the new season.
“The priority is the team – we have to be strong enough to compete. We have to be wary because I think some of the recent transfer fees have gone through the roof.
“We have to make sure, as always, that we play the market well and get value for money and players that suit us.
“But we cannot hide from the fact that we’d all like to bring in one or two extra players in. We will try to do that and I am sure Jason and Steve will help us do that.
“They may provide a little more financial security. We may be able to take one or two more risks than we have in the past.
“The most important thing now is the middle of August when the season starts. It’s great that the ownership deal is done because things can settle down.
“We can all get back to our jobs – making sure the team is right and that we are all focused and ready for the start of the season.”
Jenkins believes there are exciting times ahead under the American duo for a club which has been led by the same board of directors for 14 years.
He added: “These are exciting times.
“The majority of shareholders believed this was the right time for change. It’s a long time to be together and to work on moving the club forward.
“Having said that, we had to find the right people we thought would be good for the club.
“If we hadn’t felt Jason and Steve were those people, we wouldn’t be here today talking about this. We could have gone on for many years as we were.
“But we have found these people and we believe they can bring a lot to the club, not only as people but in terms of the commercial opportunities that could be out there for us. Their experience throughout the world in different business links can only benefit us.
“I believe this can only be good for the club and it should be seen as an exciting time.
“Looking back over the many dark times when I was a child watching the club, I never thought this day would come.
“I am delighted to be part of this and I think we can all look forward to a great working relationship.”