Swansea City has received a ‘significant investment’ in the club by Jake Silverstein, in which the Houston Dynamo co-owner has acquired an undisclosed stake in the EFL Championship team.
According to Swansea, the investment will ‘boost the long strength of the Championship club’ as the side prepares for its third season in England’s second division. Moreover, the funding will ease the financial pressure on the club which was caused as a result of COVID-19.
Silverstein stated: “As my love of football has grown, I have been eager to deepen my investment in the sport. I joined the Dynamo and Dash ownership in 2015 and my love for and commitment to football continues to grow.
“I am so excited to become part of a football club with such a devoted supporter culture and rich history. Jason, Steve and I share a vision for Swansea City’s future trajectory, and I am thrilled to join the club.
“I love watching the Swans play. The team has developed such a distinctive and engaging style on the pitch, and I have a deep appreciation for its fan culture and the club’s commitment to its supporters.”
As a result of Silverstein’s investment, he will also be appointed as one of the club’s board of directors, joining co-owners Steve Kaplan and Jason Levien. Additionally, the two fellow Americans have matched Silverstein’s investment by putting additional funds into the club.
Kaplan and Levien stated: “We are pleased to welcome Jake to the Board and Swansea City Football Club.
“Jake is a highly-respected individual, businessman and sports team investor. He has experience, knowledge and expertise across a wide range of fields which will be an asset to Swansea City. We are looking forward to his contribution.”
Along with co-owning MLS side Houston Dynamo and NWSL Cup winners Houston Dash, Silverstein is also the CEO of private investment firm Stormlight Holdings and the director of the WJ Silverstein Family Trust.
