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Houston Dynamo co-owner buys stake in Swansea City

American Businessman Jake Silverstein has made "a significant investment" in Swansea City, with the English Championship side announcing his appointment to the club's board of directors, joining fellow Americans Steve Kaplan and Jason Levien.

Silverstein is a co-owner of Major League Soccer side Houston Dynamo and National Women's Soccer League Cup winners Houston Dash.

His investment has been matched with further funds from majority shareholders Steve Kaplan and Jason Levien, who led a consortium which bought a 68 per cent controlling stake in the club in 2016. Levien and Kaplan are also co-owners of MLS side DC United.

In a statement by Swansea City, they emphasised that the investment will be used to boost the strength of the EFL club and also aid the side with the challenges that they will face going into the start of the season with the effects of Covid-19.

Co-owners Kaplan and Levien said in the statement: “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."

New investor Silverstein commented: "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.”

“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.’’

Author: Bradleigh Amis