Modric brings Galactico glamour to Swansea in surprise ownership twist

Ryan Reynolds' Wrexham may have the Hollywood spotlight, but Welsh rivals Swansea City are stealing some star power of their own with Real Madrid maestro Luka Modric poised to make his first move into club ownership with a minority stake.

The 39-year-old Croatia midfielder, whose contract at the Spanish giants runs until mid-2025, will join American investors Andy Coleman, Brett Cravatt, Nigel Morris and Jason Cohen in the ownership structure, Welsh media reported.

"This is an exciting opportunity. Swansea has a strong identity, an incredible fanbase, and the ambition to compete at the highest level," Modric said in a club statement.

"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 investment comes as Championship side Swansea navigate challenging financial waters.

They posted a pre-tax loss of 15.2 million pounds ($20.04 million) in the latest financial year – a modest improvement from their 17.9 million loss the previous year.

The club reported a turnover of 21.5 million pounds for the year ending June 30, 2024, the BBC reported.

In their financial statement, Swansea referred to the harsh economic realities of England's second tier.

"The board acknowledges that whilst the magnitude of the operational loss is a product of the highly competitive environment within the EFL Championship in which the club currently competes, the club will continue to focus on achieving operational efficiencies," the statement read.

With significant costs associated with maintaining a stadium and two training facilities, and without "any immediate prospect of a redistribution agreement between the EFL and the