Swansea City: US owners boost club with 拢2.5m investment
- Published
Swansea go to Sunderland in the Championship on Saturday hoping to improve on their current place of 18th in the table
Swansea City have received a financial boost of around 拢2.5m following fresh investment from the club's US owners.
The deal will see the club's majority shareholders increase their stake in the club after receiving new shares in return for the cash injection.
The latest investment follows two previous equity exchanges this season which had put 拢13.5m into the Championship club.
Swansea's Supporters' Trust has welcomed the move.
The trust - who are also shareholders - says the latest cash injection is part of chairman Andy Coleman's investment into the club.
In a message to members, however, the trust adds that it is likely Swansea will require further investment, with the club confirming it expects "additional equity injections in the coming months".
Swansea reported a loss of 拢12.5m in their most recent set of accounts for the year ending June 2022. New figures are due to be released by the end of April.
The trust and other minority stakeholders - including British businessman Nigel Morris - will see their shareholding diluted as a result of the new share issue.
The trust's holding now stands at 10.14%, although 5% of that - and accordingly a place on the board - is protected.
American businessman Coleman was named Swansea chairman in May 2023 having bought what the club called "a significant shareholding".
The detail of his personal investment is not clear, with the shares being part of the US consortium that first took a controlling stake in Swansea in 2016, a deal spearheaded by Jason Levien and Steve Kaplan.