Luka Modric, the 39- year -old midfielder and Real Madrid captain, has become an investor and co-owner with a minority stake in Championship club Swansea City.
He joins a group that includes Andy Coleman, Brett Cravatt, Nigel Morris, and Jason Cohen, who acquired shares from former majority owners Jason Levien and Steve Kaplan last November.
Modric expressed excitement about the opportunity, noting Swansea’s strong identity, fan base, and ambition to compete at high levels.
He aims to contribute his experience to support the club’s growth and future development.
This marks Modric’s first venture into football ownership while he continues to play for Real Madrid, with his contract extending until the end of the 2024-25 season.
The Swans expressed that Luka’s investment signifies confidence in the club’s ambitions and vision, emphasising his crucial role in enhancing the club’s global presence and overall progress.
Swansea’s chief executive, Tom Gorringe, noted that Luka serves as an excellent role model for players at all levels and highlighted his commitment to supporting the club’s journey and improving results.
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The Swansea City board acknowledged a shared vision during initial discussions, seeing Modric as a valuable addition to the group.
Additionally, reported a pre-tax loss of £15.2 million for the year ending June 30, 2024, a decrease from a loss of £17.9 million the previous year.
Their turnover for the same period was £21.5 million.
In their statement, Swansea emphasised the impact of the competitive environment in the EFL Championship on their operational losses and indicated their focus on improving operational efficiency to enhance investments in the team.
They also noted the rising costs associated with stadium and training facility operations and stated that, without an immediate redistribution agreement between the EFL and Premier League, they will rely on their ownership group for funding.
