Swansea City have announced American businessman Jake Silverstein has bought a stake in the club.
Silverstein, who is a co-owner of Major League Soccer side Houston Dynamo and National Women's Soccer League Challenge Cup winners Houston Dash, has been appointed to the board after finalising "significant investment".
A club statement said that Silverstein's investment had been matched with additional funds from the entity controlled by majority shareholders Steve Kaplan and Jason Levien.
"I love watching the Swans play," Silverstein told the club website.
"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.
"By joining the club's board, it will allow me to become actively involved. It's something I am passionate about and, as such, I will be applying a lot of focus on the football club going forward.''
It's understood it's unlikely the investment will see manager Steve Cooper handed increased transfer funds but it will be used to plug significant financial holes that have been exacerbated by the Covid-19 pandemic.
The Swans are entering the final year of Premier League parachute payments, which will be significantly down from the initial payments of roughly £40m to £15m.
The exact figures and value of the investment have not been made clear but it is reported Silverstein is likely to have purchased at least a 5% stake in the Swans to sit on the board.
Americans Kaplan and Levien took over the Swans in 2016, buying a 68% share of the £100m-valued club.
In a statement they said "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."
