Shares worth £6m have been issued to Swansea City's ownership group as loan notes in the club are set to be converted into equity.
Jake Silverstein issued a significant loan to the club in 2020 and was subsequently appointed as a director at Swansea, with the American making numerous trips to south Wales in recent years to address a range of club matters.
And the loan notes held by Silverstein, Steve Kaplan and Jason Levien are now due to be converted into equity as part of an agreement that has been in place since Silverstein became involved in the club.
