Luka Modric Joins Swansea City's Ownership, Injecting Star Power into Welsh Club's Ambitions
Source: news.source.channelnewsasia
Real Madrid's Luka Modric is set to become a minority owner of Swansea City, joining American investors in the club's ownership structure. At 39, the Croatian midfielder aims to leverage his experience to support Swansea's growth and aspirations to return to the Premier League. Despite financial challenges, including a recent pre-tax loss, Modric's involvement is seen as a boost to the club's profile and ambitions.
Key Points
Luka Modric, a Real Madrid and Croatian football star, is set to acquire a minority stake in Swansea City, marking his first venture into club ownership.
Modric's involvement is seen as an endorsement of Swansea's ambition to compete at the highest level and return to the Premier League.
Swansea City reported a pre-tax loss of 15.2 million pounds, highlighting the financial challenges faced by the club in the EFL Championship.
The club's financial statement acknowledged the competitive nature of the Championship and the lack of immediate financial support from the Premier League.
Modric's addition to the ownership group is expected to help improve the club's performance both on and off the pitch.
