Luka Modric, the iconic Croatian midfielder and Real Madrid veteran, has officially become a minority stakeholder and co-owner of Swansea City, currently competing in the English Championship. The 39-year-old has teamed up with Andy Coleman, Brett Cravatt, Nigel Morris, and Jason Cohen in the club’s ownership structure. This consortium took over the shares previously held by former majority shareholders Jason Levien and Steve Kaplan in November.
Commenting on his involvement, Modric described the opportunity as inspiring, noting the club’s passionate supporters and its desire to compete at the top level. He added that, with his background in elite football, he hopes to contribute meaningfully to Swansea’s development and help shape a promising future. Although he remains an active player at Real Madrid, his contract with the Spanish giants is due to conclude at the end of the 2024–25 campaign.
The Welsh club highlighted Modric’s arrival as a sign of confidence in their direction and aspirations. His presence is expected to boost the club’s profile internationally and contribute to its ongoing efforts both on the field and behind the scenes. Swansea City chief executive Tom Gorringe praised Modric as an ideal figure for younger players to emulate, underscoring his commitment and enthusiasm for the club during discussions.
The board echoed these sentiments, emphasizing the alignment between Modric’s vision and that of the ownership group. Swansea’s latest financial report revealed a pre-tax loss of £15.2 million, a slight improvement from the £17.9 million deficit the previous year. The club generated a turnover of £21.5 million for the year ending June 30, 2024.
Despite the financial strain of operating two training facilities and a stadium, the board reaffirmed its intention to manage costs while maximizing investment in the senior squad. With no imminent revenue-sharing agreement between the EFL and Premier League in sight, Swansea will continue to depend on its current investors for financial stability.
