Swansea City's owners say they were not shown the "shareholders' agreement" when they bought a controlling stake in the club last summer.
Swansea City Supporters' Trust considered legal action over the deal.
They claimed they should have been consulted when Americans Jason Levien and Steve Kaplan secured 68% of shares.
Levien said the stakeholders who sold their shares, such as chairman Huw Jenkins, initially indicated there was no shareholders' agreement in place.
But having been made aware of the document's existence, Levien says he then asked to see it in order to discuss the matter with the Trust, who retained 21.