Swansea City: US owners invest further 拢2m into club
- Published
Swansea City currently sit 15th in the Championship
Swansea City's US owners have invested a further 拢2m into the Championship club.
It means the club has now received around 拢18m worth of funding via share issues since last summer.
The deal will see the club's majority shareholders increase their stake in the club as a result.
Swansea's Supporters' Trust - whose shareholding now stands at 9.9%, of which 5% is protected -welcomed the move.
The Trust, minority shareholders with a seat on the club's board, says: "It is very likely that the club will continue to require investment beyond this capital injection for the remainder of this season."
Outlining the details to members, the Trust said: "We are being regularly updated on the club's finances and we continue to make recommendations for the club to provide further information to supporters on the importance of recognising where financial investments such as these fit within the club's overall strategy."
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.
American businessman Andy 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.