It's already shaping up to be a busy summer for Swansea City.
Boss Russell Martin is set to be replaced in the dugout, but the new manager, whoever they may be, won't be the only fresh face at the Swansea.com Stadium.
Julian Winter has, despite the lack of official confirmation, departed as chief executive, amid a shake-up of the club's hierarchy. Paul Watson is due to come in as sporting director, while Andy Coleman has already been installed as the club's new chairman.
Now, US-based British businessman Nigel Morris is also set to take his place in the Swans boardroom, having this week taken a shareholding in the club of 19.42 per cent.
It's understood the move will see Morris plough around £10m into the club, and his appointment as a director has since been confirmed by filings to Companies House.
It's not yet clear what sort of role Morris will have in terms of the running of the club, but it's understood he is likely to be keen on taking a hands-on approach.
His arrival does not, as some have speculated, signal the start of a takeover, although the shareholding of the American consortium led by Jason Levien, Steve Kaplan and Jake Silverstein has been diluted from around 80 per cent to 64.08 per cent.
In the same vein, the investment from Morris isn't expected to have a significant bearing on transfer activity this summer, with the club likely to still be operating under a tense financial landscape.
Swansea's latest accounts showed their pre-tax losses had nearly tripled from £4.6m to £13m for the year ending July 31, 2022, with the ending of Premier League parachute payments clearly a key factor in those numbers.
The Supporters' Trust's shareholding has, as a result, been diluted to 11.82 per cent, and there's clearly a real hope this new investment will have a positive impact in getting the club onto a more solid financial footing.
In a statement, they said: "This investment will provide the club with new working capital as we approach pre-season, and we hope it will be used to support improvements to the playing squad in the coming months, upgrades to the club's infrastructure and contribute towards the club's overhead costs."
Any efforts to plug the gap in the balance sheet could be boosted further in the coming weeks.
American businessman Brett Cravatt is another figure poised to get involved in the club, although the value his prospective investment isn't expected to exceed that of Morris, or indeed Coleman, at this stage.
Then again, when it comes to Coleman's involvement, there are clearly still some pressing questions. When his appointment was announced, the club simply said Coleman had taken a "significant shareholding", but further details have largely proved scarce.
In their breakdown of the club's ownership, Coleman isn't currently listed among the shareholders owning 10 per cent or more of the issued share capital in the holding company.
Sources have reiterated that Coleman has put money into the club, but the exact amount isn't fully known at this stage, nor is the size of his prospective shareholding.
What seems clear is that regardless of the level of his investment, Coleman is already at the heart of the search for a new manager for when Martin, eventually, confirms his exit.
When that will be is another question entirely.
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