Luka Modric, a legendary player for Real Madrid and Croatia, is set to acquire a minority ownership stake in Swansea City.
The ownership group, which includes Andy Coleman, Brett Cravatt, Nigel Morris, and Jason Cohen, bought out former majority owners Jason Levien and Steve Kaplan last November.
This will be Luka Modric’s first foray into football ownership, while he continues to play for Real Madrid until at least the end of the 2024-25 season.
Swansea City, a Championship club, reported a pre-tax loss of £15.2m in the most recent financial year, a slight improvement from the previous year’s loss of £17.9m. Their turnover for the year ending 30 June, 2024 was £21.5m.
In a statement accompanying their annual financial status, Swansea said: “The board acknowledges that whilst the magnitude of the operational loss is a product of the highly competitive environment within the EFL Championship in which the club currently competes, the club will continue to focus on achieving operational efficiencies in order to maximise the resources which can be invested into the first-team squad.
“The costs of operating a stadium and two training facilities are significant and are growing.
“In the absence of any immediate prospect of a redistribution agreement between the EFL and the Premier League, the club will continue to be reliant on the support of its ownership group as the main source of funding.”
