Venture Capitalist Joins New Investors in Welsh Football Club

A trio of US-based investors are set to invest in Welsh football club Swansea City, according to people familiar with the situation.

Nigel Morris, co-founder and managing partner of QED Investors, alongside Andy Coleman, an investor in the US soccer team DC United, and Brett Cravatt, co-founder of Centerfield, a digital customer acquisition company, will invest an initial £10 million ($12.5 million) in the club, the people said, who asked not to be named discussing ongoing discussions.

The trio will join a group of majority owners including Steve Kaplan, co-founder of Oaktree Capital Management, who ...