Luka Modric set to join Swansea City as minority shareholder

Luka Modric — Real Madrid‘s active midfielder — is set to join Championship side Swansea City as a minority shareholder, according to Welsh media reports.

The 39-year-old player will join an American investment group consisting of:

• Andy Coleman
• Brett Cravatt
• Nigel Morris
• Jason Cohen

Swansea City is currently facing challenging financial circumstances — the club recorded a £15.2 million loss in the latest financial year, slightly improving from a £17.9 million loss the previous year.

In their financial statement, the club indicated that operational losses are a result of fierce Championship competition — coupled with the burden of maintaining a stadium and two training facilities.

Swansea City currently sits 12th in the Championship table with 54 points — trailing 34 points behind Leeds United and Burnley, who are joint top with 88 points, with four matches remaining in the competition.