Real Madrid superstar Luca Modric has become a minority owner in Championship club Swansea City.
The 39-year-old has joined an ownership group of Andy Coleman, Brett Cravatt, Nigel Morris and Jason Cohen. The cohort purchased the Welsh club from former owners Jason Levien and Steve Kaplan las November and have been adding investors to their group in the past months.
“This is an exciting opportunity. Swansea has a strong identity, an incredible fanbase, and the ambition to compete at the highest level,” said Modric.
“Playing at the highest level, I believe I can provide my experience to the club. My goal is to support the club’s growth in a positive way and to help to build an exciting future.”
Modric’s current contract with Real Madrid expires this summer but the Croatian has stated his desire to stay in the Spanish capital and continue playing. This move is believed to be his first into football management, with those around him suggesting he aims to build a portfolio.
Swansea City Chief Executive Tom Gorringe added: “There is no better role model in the game for our players, from the academy right through to the first team.
“His endorsement of our ambition and willingness to support us on our journey will be instrumental as we aim to continue to improve our results on and off the pitch.
“In our conversations, he has demonstrated his passion for the club, his knowledge of how we are performing, and a genuine passion to help us improve.”
The Swans posted a pre-tax loss of £15.2m in the last financial year, a drop of £2.7m from last year’s £17.9m loss.
The club provided a statement along with their financial figures where they stated the loss was down to the “highly competitive environment within the EFL Championship” the growing costs of operating a high-level stadium and training facilities.
Swansea City sit 12th in the Championship with little left to play for. After sacking Luke Williams in February, the team are currently under the stewardship of caretaker Alan Sheehan, with a permanent manager to be found in the summer.
Fans will be hoping Modric can not only invest in the club but use his expertise of winning trophies to get this club back to the Premier League.
