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Forum
Reply		TRUST UPDATE
at 17:33 24 Nov 2024

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]
Forum
Reply		TRUST UPDATE
at 14:06 24 Nov 2024

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.
Forum
Reply		Was Ken Gude in Swansea working on the buyout?
at 13:57 24 Nov 2024

Many thanks. I will watch it in a bar in Espana.
Forum
Reply		Was Ken Gude in Swansea working on the buyout?
at 12:17 24 Nov 2024

My narratives are my narratives. No one else seems to share them. I am comfortable with this. New ideas and thinking is generally seen as healthy.

Some posters object as they do not like their lazy narratives challenged.
Forum
Thread		Was Ken Gude in Swansea working on the buyout?
at 11:16 24 Nov 2024

Ken Gude came here with a seemingly open brief of changing " club culture". Some of the less cerebral posters suggested he was here to lower his golf handicap.

No mention of Mr Gude recently. Was he working on the sale ? Could it be his job is now done?

Changing club culture. Well that seems to have occured to be fair.
[Post edited 24 Nov 11:17]
Forum
Reply		TRUST UPDATE
at 10:38 24 Nov 2024

I have lost interest in rugby over the last decade. Set scrum and up and unders followed by a knock on and another scrum.
Forum
Reply		TRUST UPDATE
at 10:18 24 Nov 2024

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]
Forum
Reply		it's done the new era begins
at 16:36 23 Nov 2024

He invested a few million teamed up with Levien and Kaplan and ended a six year internal squabble between the Trust and other club owners.

The way I see it he baled out the Trust from a tricky situation the previous Trust board had dumped on them.
Forum
Reply		TRUST UPDATE
at 16:32 23 Nov 2024

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.
Forum
Reply		Dan James 2019 / Leeds / Amazon Prime
at 16:26 23 Nov 2024

I watched the clip and Huw was not answering the phone. Jason name was mentioned and the Italian said Wales America Wales America. The deal did not go through and it appears Jason did not force it through and over rule Huw.

That is my reading of events.
Forum
Reply		TRUST UPDATE
at 16:19 23 Nov 2024

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.
Forum
Reply		TRUST UPDATE
at 16:01 23 Nov 2024

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]
Forum
Reply		Swansea City : This is not a hedge fund, we explore the new people involved
at 15:47 23 Nov 2024

People need to read up what "hedge fund" means as it has historical negative connotations due the the activities of people like Bernie Madoff.

In general you and I cannot invest in hedge funds as they are considered high risk and not covered by the Government compensation scheme. If you lose your money there is no one to help you. It is for people who can afford to lose big money and perceived to know what they are doing.

The LLP was probably a hedge fund with Kaplan and Levien the patrons paid an annual fee by the retail investors. This fund has done badly and they have sold up and taken a hit.

Levien and Kaplan should have down what Reynolds and co did and bought a team in league 2. In this case the hedge fund would have made money.
Forum
Reply		OI COLEMAN
at 12:15 23 Nov 2024

I believe they gave him a budget to work to but stayed out of the club details such as new deal for Cabango and Darling. This would only be their issue if Coleman requested a budget increase.

Coleman has shown emphatically he is his own man not a poodle. He had two options resign or buy out the club.
Forum
Reply		Tyler Morse looks set to take on a more prominent role
at 11:51 23 Nov 2024

Birch was at the club for 18 months selected Leon Britton as his advisor and appointed Cooper a on a three year deal two with parachutes. Cooper did well but left no legacy but cleared out some dead wood. Cooper did not fancy working with a tight budget and declined to see out his third year.

Swansea under Birch promoted the BLM without due diligence. It is unlikely the Swansea fan base prefer communal living runaway father's and defunding the police.
Forum
Reply		it's done the new era begins
at 11:30 23 Nov 2024

Swansea with past recruitment people can turn £20m into dust very easily. £15m for a liga 1 hotshot Borja Baston who did not impress any Swansea manager and struggled in the championship. I saw one magical 15 min v Exeter in a friendly where I he immediately clicked with McBurnie. Then OMcB was gone.

Better to continues to bring in players like Franco and develop slowly.
Forum
Reply		Dan James 2019 / Leeds / Amazon Prime
at 11:19 23 Nov 2024

Leeds would have paraded James around Thorpe Park and called it the "steal of the century". A loan rising to £7m for one of Wales s best players.

They found a good player and screwed Swansea to the floor. They squeezed the lemon too much and the pips flew out.

Huw fell on his sword as the legendary Neath Valley man he is.

Orta had to keep Huw happy and offer cash up front and £10m cash. They went behind his back to Jason but Jason would not sign it off either by the looks of it.

Swans got £15m in the end and Leeds forked out £20m more when £10m would have closed the deal.

God bless Huw Jenkins.
Forum
Reply		Let the good times begin.
at 10:50 23 Nov 2024

"How are you going to create extra revenue?"

" Getting closer to the fans and getting them enthused to buy season tickets" or words to that effect.

Price rises?

The old bug bear " increase commercial revenue not discussed .
Forum
Reply		Interesting article - NY Times
at 10:35 23 Nov 2024

Roll up roll up let's get together and crush free speech. You represent failed stale thinking. Cymru am byth no monoculture here.
Forum
Reply		Russell Martin court case settled
at 00:07 23 Nov 2024

People were working in unison but I have been subjected to censorship so cannot comment any further on that. Similarly exposing how useless the Trust is, is not encouraged.

A majority who voted wanted devolution.50% of non voters were happy to go with the majority or did not care.

This is a forum not a Women institute knitting circle. You seem very precious. Welsh people are capable of stupidly just like any other group of people and I call it out if appropriate..Perhaps you are being what they call " woke".
[Post edited 23 Nov 0:08]
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