The Swans Trust can confirm today that a further 86,806 new shares have been issued at a total value of just over £2m following fresh investment into the club. As per our statement last month this is the latest of a series of cash injections until the end of the season and has been made by Swansea Football LLC, the investment vehicle of the majority owners, which includes Chairman Andy Coleman, Jason Levien, Steve Kaplan, and Jake Silverstein.
As we’ve said previously, including in our recent Supporter Director update where we explained more about Financial Fair Play, (now known a Profit and Sustainability), we welcome new money into the club, especially when it is in exchange for equity rather than through loans that would increase the debt load on the club.
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.
Shareholding Implications
As Swansea Football LLC was again the only party to invest in this round, the shareholding (as a percentage) of all other parties will reduce, including that of the Trust. The full information of shareholders with a significant shareholding is available on the club website HERE. The Trust’s shareholding after this latest investment stands at 9.99% including our permanently protected 5% shareholding in the club.
As expressed above and in our earlier statements it is very likely that the club will continue to require investment beyond this capital injection for the remainder of this season, and therefore the shareholdings of those who do not take up the option to invest will dilute accordingly.
Next Fans Forum
We are also taking this opportunity to advise members and supporters we are in the final stages of discussions with the club about holding another Fans Forum before the end of the season. This time it will be held outside of Swansea where those attending will once again be able to put their questions directly to the panel.
We should be able to provide more details and who’ll be on the panel in the near future.
Supporters’ Meetings with Andy Coleman
As promised by Club Chairman, Andy Coleman in his latest update to supporters last week, Andy held his first “Audience with the Jack Army” one-on-one meetings yesterday morning. This will be the first in a series of twice monthly opportunities and if anyone is interested in meeting Andy in the future you can register your interest HERE
If you have any further questions, please email us at supporters@swanstrust.co.uk
Swansea City Supporters’ Trust
22nd March 2024
