Luka Modric is ready to use his legendary playing career to help Swansea City after officially joining the club as an investor and co-owner. The 39-year-old,who has been with Real Madrid for 13 seasons and helped them clinch six Champions League titles, will link up with the Championship club to help ‘drive them forward’.
While the club didn’t reveal how much the 2018 Ballon d’Or winner invested, Modric expressed his enthusiasm on the club’s website: “This is an exciting opportunity. Swansea has a strong identity, an incredible fanbase and the ambition to compete at the highest level.
“Playing at the highest level, I believe I can provide my experience to the club. My goal is to support the club’s growth in a positive way and to help to build an exciting future.”
Modric’s immediate attention is on Real Madrid’s Champions League quarter-final second leg against Arsenal on Wednesday, but his contract at the Bernabeu is due to end this season. His move to invest in a football club mirrors that of team-mates Kylian Mbappe and Vinicius Junior, who have invested in Ligue 2 side Caen and Portuguese outfit FC Alverca respectively.
Swansea are currently under the ownership of Andy Coleman, Brett Cravatt, Nigel Morris and Jason Cohen, who took over majority ownership from Jason Levien and Steve Kaplan last November.
Swansea City’s chief executive Tom Gorringe couldn’t hide his excitement about Luka becoming an investor and co-owner, saying: “I am excited that Luka has come on board as an investor and co-owner,” He went on to laud the footballer as an exemplary figure in the sport: “There is no better role model in the game for our players, from the academy right through to the first team.”
“His endorsement of our ambition and willingness to support us on our journey will be instrumental as we aim to continue to improve our results on and off the pitch.”
He added: “In our conversations, he has demonstrated his passion for the club, his knowledge of how we are performing, and a genuine passion to help us improve. I am really looking forward to working with him more closely to drive us forward.”
However, there are financial challenges to face as Swansea’s latest earnings report revealed a pre-tax loss of £15.2 million for the year ending June 2024.
The Swansea board issued a unified statement echoing the positive sentiments: “We are delighted that Luka has joined our ownership group. From our first discussions, it was clear that there was alignment on our visions and that Luka would be a real asset to our group.”
“We’d like to thank Luka and his team for their support through this process, and we look forward to welcoming him to the Swansea.com Stadium to meet you all as soon as possible.”
Join our new WhatsApp community and receive your daily dose of Mirror Football content. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don’t like our community, you can check out any time you like. If you’re curious, you can read our Privacy Notice.
At Reach and across our entities we and our partners use information collected through cookies and other identifiers from your device to improve experience on our site, analyse how it is used and to show personalised advertising. You can opt out of the sale or sharing of your data, at any time clicking the “Do Not Sell or Share my Data” button at the bottom of the webpage. Please note that your preferences are browser specific. Use of our website and any of our services represents your acceptance of the use of cookies and consent to the practices described in our Privacy Notice and Cookie Notice.
