| TRUST UPDATE on 12:31 - Nov 23 with 1293 views | max936 |
This trust board are the clubs puppets the Board in 2016 had the stomach for the fight, this lot just raised the white flag and went against the members vote, how they are still there is baffling.
Not Fit For Purpose! [Post edited 23 Nov 13:59]
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| TRUST UPDATE on 13:21 - Nov 23 with 1197 views | Landore_Jack |
The is a huge disconnect between the fans and the Trust. They still have a purpose but certain people need to resign first. It needs a new injection of blood. They have forgotten they are there to represent the fans. It needs a reset. |  |
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| TRUST UPDATE on 13:26 - Nov 23 with 1180 views | swancity |
A now seemingly pointless entity. |  |
| Only an idiot would eat a turkey curry on Christmas day |
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| TRUST UPDATE on 13:28 - Nov 23 with 1174 views | Whiterockin |
| TRUST UPDATE on 13:21 - Nov 23 by Landore_Jack |
The is a huge disconnect between the fans and the Trust. They still have a purpose but certain people need to resign first. It needs a new injection of blood. They have forgotten they are there to represent the fans. It needs a reset. |
How many now have nothing to do with the trust because of the voting debacle. Rightly or wrongly we voted for legal action and the trust didn't carry out our wishes. If they didn't want to do what we wanted put their points forward and vote again. They didn't and the majority of members just walked away. It will be hard now to reconnect. |  | | |
| TRUST UPDATE on 13:37 - Nov 23 with 1133 views | Boundy |
| TRUST UPDATE on 13:26 - Nov 23 by swancity |
A now seemingly pointless entity. |
Which has to be the biggest loss to us the supporters, previously held a up as a shining example to the footballing world on how to be an integral of how a Club could be run. | |
| "In a free society, the State is the servant of the people—not the master." |
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| TRUST UPDATE on 16:01 - Nov 23 with 968 views | ReslovenSwan1 |
| TRUST UPDATE on 13:37 - Nov 23 by Boundy |
Which has to be the biggest loss to us the supporters, previously held a up as a shining example to the footballing world on how to be an integral of how a Club could be run. |
It was an illusion. The Trust became irrelevant when it CHOSE not to cash in and find a way to grow it's capital. They do not care about money because they have no where's to invest outside the football club.
The judgement of fans is diabolical. Posters on this thread wanted the Trust to go to court take money from the owners and the club directly from the withdrawn convertible loan note. Upto £11m of the £21m would go to the funders and lawyers from south east England.
This shows these fans do not have the club at heart and prone to support idiotic Welsh infighting.
Silverstein came over here to figure out what they wanted and it was " protection". He cut a deal that they have no money but a protected 5% holding. I hope for them this includes 5% of all dividends and 5% of any future sale price.
Unless the Trust is focussed on making money and investment it is a waste of time.
In effect it won the pools and was not interested in finding the lottery slip. The members did not care. Not up to the job. These people were recently more concerned about who Mr Watson sat next to in scouting trip. [Post edited 23 Nov 16:04]
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| TRUST UPDATE on 16:04 - Nov 23 with 960 views | builthjack |
| TRUST UPDATE on 13:28 - Nov 23 by Whiterockin |
How many now have nothing to do with the trust because of the voting debacle. Rightly or wrongly we voted for legal action and the trust didn't carry out our wishes. If they didn't want to do what we wanted put their points forward and vote again. They didn't and the majority of members just walked away. It will be hard now to reconnect. |
That was it for me. It was time to walk away. |  |
| Swansea Indepenent Poster Of The Year 2021. Dr P / Mart66 / Roathie / Parlay / E20/ Duffle was 2nd, but he is deluded and thinks in his little twisted brain that he won. Poor sod. We let him win this year, as he has cried for a whole year. His 14 usernames, bless his cotton socks.
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| TRUST UPDATE on 16:19 - Nov 23 with 916 views | ReslovenSwan1 |
| TRUST UPDATE on 16:04 - Nov 23 by builthjack |
That was it for me. It was time to walk away. |
It needs a new constitution to allow it to invest.It sits on a cash pile of £1.3 which can be invested for growth.
If I was in charge in would commission a report to investigate the scope for a conversion to a body that can invest ,on the global markets and property and give loans to the club at llowr than the market rates. They would stay not for profit.
This appears to work in Germany. | |
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| TRUST UPDATE on 16:24 - Nov 23 with 913 views | Whiterockin |
| TRUST UPDATE on 16:19 - Nov 23 by ReslovenSwan1 |
It needs a new constitution to allow it to invest.It sits on a cash pile of £1.3 which can be invested for growth.
If I was in charge in would commission a report to investigate the scope for a conversion to a body that can invest ,on the global markets and property and give loans to the club at llowr than the market rates. They would stay not for profit.
This appears to work in Germany. |
The trust are not allowed to invest in such markets. It's in the constitution. | | | |
| TRUST UPDATE on 16:32 - Nov 23 with 880 views | ReslovenSwan1 |
| TRUST UPDATE on 16:24 - Nov 23 by Whiterockin |
The trust are not allowed to invest in such markets. It's in the constitution. |
I read much of the constitution and " conversion" to a new constitution is listed as an option.
The Trust is suitable for Exeter not Swansea. It needed to convert to something more flexible once it was worth £22m. I suspect there is an academic vacuum there where emphasis is possibly on the continuation of matchday perks.
All the so call hard work does not lead to the chairman showing his face and speaking at the forums they promote. | |
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| TRUST UPDATE on 17:20 - Nov 23 with 835 views | swancity |
| TRUST UPDATE on 13:37 - Nov 23 by Boundy |
Which has to be the biggest loss to us the supporters, previously held a up as a shining example to the footballing world on how to be an integral of how a Club could be run. |
That’s debatable isn’t it. When it really mattered they fell short and weren’t even adequately equipped to challenge things. Or didn’t want to ruffle the feathers of people that they perceived to be friends. Jenkins et al subsequently got away with it. By the skin of their teeth. Shambolic stuff. | |
| Only an idiot would eat a turkey curry on Christmas day |
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| TRUST UPDATE on 17:33 - Nov 23 with 813 views | Chippy69 |
There to busy shuffling around the tombola of who gets the match day place in the box |  |
| They make us feel indebted
For saving us from hell
And then they put us through it
It's time the bastards fell
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| TRUST UPDATE on 00:06 - Nov 24 with 682 views | max936 |
| TRUST UPDATE on 16:24 - Nov 23 by Whiterockin |
The trust are not allowed to invest in such markets. It's in the constitution. |
How many times has this clown got to be told, just take no notice of his pathetic ramblings. | |
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| TRUST UPDATE on 10:18 - Nov 24 with 578 views | ReslovenSwan1 |
| TRUST UPDATE on 00:06 - Nov 24 by max936 |
How many times has this clown got to be told, just take no notice of his pathetic ramblings. |
I clearly stated the Trust has to convert to a different constitution to be able to invest in finds. Conversation is allowed in the constitution which I have read. I have recommended they do this and take advice.
It is legalese but it can still invest in property even now. I suggest you read it yourself if you are able.
I offer solutions and ideas. Any organisation that cannot find growth is worth nothing. They are currently like the local Liberal club. Their sole aim is to balance the books and hold meetings nothing more. It fits a cosy Welsh Community club. As such it will be praised in public and sniggered at in private.
When you walk into a meeting with £20m to invest no one is patronising you. The Trust members bottled it in 2016-2017 They did the right thing in 2023. [Post edited 24 Nov 10:27]
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| TRUST UPDATE on 10:20 - Nov 24 with 568 views | onehunglow |
| TRUST UPDATE on 10:18 - Nov 24 by ReslovenSwan1 |
I clearly stated the Trust has to convert to a different constitution to be able to invest in finds. Conversation is allowed in the constitution which I have read. I have recommended they do this and take advice.
It is legalese but it can still invest in property even now. I suggest you read it yourself if you are able.
I offer solutions and ideas. Any organisation that cannot find growth is worth nothing. They are currently like the local Liberal club. Their sole aim is to balance the books and hold meetings nothing more. It fits a cosy Welsh Community club. As such it will be praised in public and sniggered at in private.
When you walk into a meeting with £20m to invest no one is patronising you. The Trust members bottled it in 2016-2017 They did the right thing in 2023. [Post edited 24 Nov 10:27]
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Do you follow Rugby Union at all? | |
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| TRUST UPDATE on 10:38 - Nov 24 with 536 views | ReslovenSwan1 |
| TRUST UPDATE on 10:20 - Nov 24 by onehunglow |
Do you follow Rugby Union at all? |
I have lost interest in rugby over the last decade. Set scrum and up and unders followed by a knock on and another scrum. | |
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| TRUST UPDATE on 12:11 - Nov 24 with 502 views | Boundy |
| TRUST UPDATE on 17:20 - Nov 23 by swancity |
That’s debatable isn’t it. When it really mattered they fell short and weren’t even adequately equipped to challenge things. Or didn’t want to ruffle the feathers of people that they perceived to be friends. Jenkins et al subsequently got away with it. By the skin of their teeth. Shambolic stuff. |
IMO its not debatable that in the first few years the Trust was part of the Club ,that disappeared during the PL years where individuals where more concerned with where they sat and who with on match days. I agree they fell well short when called to action. | |
| "In a free society, the State is the servant of the people—not the master." |
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| TRUST UPDATE on 14:06 - Nov 24 with 421 views | ReslovenSwan1 |
| TRUST UPDATE on 17:20 - Nov 23 by swancity |
That’s debatable isn’t it. When it really mattered they fell short and weren’t even adequately equipped to challenge things. Or didn’t want to ruffle the feathers of people that they perceived to be friends. Jenkins et al subsequently got away with it. By the skin of their teeth. Shambolic stuff. |
You like many Trust members so not think like OWNERS You think like a Trade Union. It is about in your eyes forcing people to do things they want do not want to do.
The Trust did not need lawyers to sell shares. All they needed was a mandate from the members and a statement their share were for sale.
They had won the lottery and need to present their ticket. They chose to "challenge and ruffle feathers" as you suggested and lost out losing a lot a time credibility and money. | |
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| TRUST UPDATE on 16:14 - Nov 24 with 382 views | QJumpingJack |
| TRUST UPDATE on 14:06 - Nov 24 by ReslovenSwan1 |
You like many Trust members so not think like OWNERS You think like a Trade Union. It is about in your eyes forcing people to do things they want do not want to do.
The Trust did not need lawyers to sell shares. All they needed was a mandate from the members and a statement their share were for sale.
They had won the lottery and need to present their ticket. They chose to "challenge and ruffle feathers" as you suggested and lost out losing a lot a time credibility and money. |
why don't you raise this with the Trust lawyers directly? | | | |
| TRUST UPDATE on 17:33 - Nov 24 with 350 views | ReslovenSwan1 |
| TRUST UPDATE on 16:14 - Nov 24 by QJumpingJack |
why don't you raise this with the Trust lawyers directly? |
I am communicating with the members explaining to them their horrendous Misjudgements.
They won the lottery and £21m but due to a rather odd mentality they messed it up.
It could be that their south Wales chapel going conscious kicked in and becoming fabulously rich (for the Trust ) was seen as immoral.
On the other hand the members may not have given a fig as none of the fabulous millions were heading into their households. So why worry about it.
No member has explained to me why they did not want to sell shares. They do not understand why themselves because they do not care. This is why they are unfit to be owners of Swansea city. Coleman will tell them they are great.
The 5% protection is either not what it serms or otherwise is a tax on future investment. New investors will have to pay a notional 5% "Trust tax" if it is genuine. That will discourage future investment.. [Post edited 24 Nov 17:35]
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| TRUST UPDATE on 17:40 - Nov 24 with 324 views | QJumpingJack |
| TRUST UPDATE on 17:33 - Nov 24 by ReslovenSwan1 |
I am communicating with the members explaining to them their horrendous Misjudgements.
They won the lottery and £21m but due to a rather odd mentality they messed it up.
It could be that their south Wales chapel going conscious kicked in and becoming fabulously rich (for the Trust ) was seen as immoral.
On the other hand the members may not have given a fig as none of the fabulous millions were heading into their households. So why worry about it.
No member has explained to me why they did not want to sell shares. They do not understand why themselves because they do not care. This is why they are unfit to be owners of Swansea city. Coleman will tell them they are great.
The 5% protection is either not what it serms or otherwise is a tax on future investment. New investors will have to pay a notional 5% "Trust tax" if it is genuine. That will discourage future investment.. [Post edited 24 Nov 17:35]
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maybe take it up with the Trust lawyers? And maybe they can update you on some of the facts at the same time ie as they were people there at the time. | | | |
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