Croatian football legend Luka Modric has stepped into football ownership by acquiring a minority stake in Swansea City.
Despite still playing for Real Madrid, Modric now joins the club’s ownership group alongside Andy Coleman, Brett Cravatt, Nigel Morris and Jason Cohen.
Though his contract with Madrid ends after the 2024–25 season, Modric’s focus isn’t just on playing. He described his move as “an exciting opportunity” and praised Swansea’s “strong identity” and “incredible fanbase.” He added, “My goal is to support the club’s growth in a positive way and to help to build an exciting future.”
Swansea City, currently in England’s Championship, recently changed ownership after former majority holders Jason Levien and Steve Kaplan sold their shares. Consequently, Modric’s arrival is part of a new chapter that aims to strengthen the club’s global presence.
ALSO READ:
- Three and spared: Bellingham says Madrid were lucky Arsenal didn’t score more goals
- Glory for Spain, heartbreak for Croatia as La Roja lifts Nations League title
- Champions League: Arsenal soar as Rice’s stunning free-kicks humble Real Madrid
- NBA play-off picture: Clippers, Timberwolves seal spots as post-season action heats up
The Swans believe Modric’s involvement will enhance both their sporting and commercial fortunes. “Luka’s investment in the club is an endorsement of the club’s ambition and vision,” the club stated. Moreover, they noted his “key role in helping the club garner global attention and progress both on and off the pitch.”
Swansea chief executive Tom Gorringe praised Modric’s influence, stating his leadership and commitment. “There is no better role model in the game for our players,” he said. According to Gorringe, Modric has shown deep knowledge and a “genuine passion to help us improve.”
Nevertheless, the club’s recent finances remain under pressure. Although their pre-tax loss decreased to £15.2m, it still highlights ongoing challenges. The board acknowledged these difficulties but stressed the club would “continue to focus on achieving operational efficiencies.”
Furthermore, they emphasised the rising costs of running their stadium and training grounds. With no imminent Premier League-EFL redistribution deal, Swansea remains dependent on ownership support for funding and sustainability.
Tags: Luka Modric, club ownership, Brett Cravatt, Nigel Morris, Jason Cohen, Andy Coleman, Real Madrid, Swansea City, EFL, Premier League, Swansea chief executive, Tom Gorringe, Jason Levien, Steve Kaplan, Championship.
