Swansea City's ownership group have issued fresh investment worth more than £1m into the club.
Majority shareholders Jason Levien, Steve Kaplan and Jake Silverstein have over the course of the last three years seen their stake in the Swans increase as a result of the conversion of several loan notes.
And with just five matches of the 2022/23 Championship season left to play, the Swans confirmed they had received additional funds from the club's American owners.
As a result of the latest investment - which will play a key role in funding running costs to avoid additional debt on the club's books - other shareholders including the Supporters' Trust will see their shareholding diluted.
A club statement read: "Swansea City can confirm receipt of an equity injection into the club from our majority ownership.
"This investment will help fund ongoing running costs within the club and avoid more debt on the club’s balance sheet.
"It will also result in additional shares being issued and other shareholders being diluted."
Such is the amount of the investment, this newest cash injection is not expected to alter Russell Martin's summer transfer window plans.
The Swans have also been seeking fresh investment from an external source for some time, with minutes from a Supporters' Trust board meeting in January stating the top brass had held discussions with potential investors while it's also understood they remain in detailed discussions with new potential investors.
In response to the club's statement, the Trust - who retain a protected five per cent stake in the club - said: "Earlier this month the Trust was provided with a formal notice of an additional investment of just over £1 million into the club from our majority owners.
"This investment will help fund ongoing running costs within the club and avoid more debt on the club’s balance sheet and will trigger additional shares being issued.
"Once again, this investment will not affect the Trust’s protected five per cent effective shareholding as we have permanent legal and economic protections in place but our overall stake in the club has been diluted alongside all other shareholders."
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