| Huw Jenkins on 02:51 - Aug 12 with 876 views | Treforys_Jack |
| Huw Jenkins on 19:53 - Aug 11 by ReslovenSwan1 |
Everyone begrudges MM and HJ selling their shares. They are almost universally referred to as "sell outs".
There was nothing underhand about the sale. The Trust said they did not want to sell and did not sell, They were not democratic and never asked the members in 2015 as far as I know. They did not need to as the Board member explained their position and no one objected. (not one of the 1000 plus members). They sat in front of buyer twice and could not cut a deal.
I go on about it because the Trust is democratic but the members did not give strategy and single thought. They are freewheeling and will pay the price.
You explain to me a fake narrative. If the narrative was true the court case would have finished 3 years ago and Swansea would be in league 1 or 2 London lawyers would have £11m and the Trust £11 with no idea what to do with it. They would be banned form the stadium. |
Your first sentence is complete bollox and makes the rest of what you type worthless. Even though you get told over and over again by virtually everyone that they don't begrudge them selling their shares, you ignore them and carry on with your own agenda, it's pathetic and time you got a grip. For the final time, the trust didn't get a chance to make a decision regarding their shares because it was hidden from them by MM and HJ. Don't forget the lies about non attendance at meetings when the minutes proved that certain individuals were there, and also the Americans being told to keep it secret from the trust. It was a really sad and grubby end to a great and mega successful tenure. They should have acted with more honesty, integrity and dignity. [Post edited 12 Aug 2023 2:53]
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| Huw Jenkins on 07:15 - Aug 12 with 836 views | jack247 |
| Huw Jenkins on 23:24 - Aug 11 by ReslovenSwan1 |
That is when they should have employed a lawyer and sold their shares. 'Shark tank' is the language of fear and distrust.
They would then have sat down with their US partners and figured out a role for them in the running of the club.
For example
- Buying the Fairwood training ground and leasing it back to the club. (income)
- Buying the Morfa academy grounds and leasing it back. (Income)
- Buying part ownership of the stadium with the US partners off the council (income)
- Giving the club low cost loans. (income)
- Sponsoring the stadium (advertising)
- Sponsoring the kit (advertising)
- Buying homes for players on loan to stay in (and receiving rent) (income)
It is called imagination. |
This is when they were naïve certainly. Relationship with HJ had always been great up to that point and they took him at face value when he said he’d always do what was right for the club. They very likely thought that meant the supporters too.
As you are well aware, they didn’t have a buyer for their shares. A controlling interest was all Levein and Kaplan wanted. Anyone else buying those shares would have had no control either.
The rest of it isn’t imagination, it’s meandering gibberish. The Americans had no interest in a partnership. |  | | |
| Huw Jenkins on 07:20 - Aug 12 with 834 views | jack247 |
| Huw Jenkins on 22:14 - Aug 11 by ReslovenSwan1 |
At last some reasoned debate. My argument is that the SCST have come up well short.
Bayern Munich are fan owned. Bayern Munchen EV are the fans group and they own 75% of Bayern Munchen AG (the club) and run as a legitimate financial concern.
it gets its money from memberships a whopping 300,000 members, dividends from the club and income from leases on facilities they developed for the club using a Eu 40m loan. They got Eu 2.65m from leases last year. They are commercially active. Taking loans building assets taking lease payments working hand in hand with the overall club. Dynamic.
Obviously a different league to Swansea but why not a mini BM Ev for SCST? a 1% scale model ?
I believe SCST could also be commercially active but are actually dormant. Legal people would need to outline what they can and cannot do.
I would not comment on them, had they not decided to sue the other club owners although they could not afford it. 6 years wasted £400k down the drain.
https://fcbayern.com/en/news/2019/11/fc-bayern-muenchen-ev-financially-healthy
EV is the fans group AG is the club as a whole.
EV -Eingetragener Verein or registered association [Post edited 11 Aug 2023 22:22]
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It isn’t reasoned debate when you ignore every point I’ve made and devote your post to Bayern Munich.
This is my last post in the subject. Please do consider how frequently and aggressively you do this. On a thread of its own, people who wanted to discuss it could and others could skip it. When it’s on every thread you can get it into, it ruins other people’s enjoyment of the message board. | | | |
| Huw Jenkins on 07:45 - Aug 12 with 819 views | SullutaCreturned |
| Huw Jenkins on 07:20 - Aug 12 by jack247 |
It isn’t reasoned debate when you ignore every point I’ve made and devote your post to Bayern Munich.
This is my last post in the subject. Please do consider how frequently and aggressively you do this. On a thread of its own, people who wanted to discuss it could and others could skip it. When it’s on every thread you can get it into, it ruins other people’s enjoyment of the message board. |
He isn't reasoned because he hijacks threads with this.
last few points,
I don't begrudge the sale just the manner of it.
Yes the trust has come up short and they actually went against the members wishies by settling which is very poor.
I don't want to hear anymore about this, t's been done to death but reanimated several times by Res.
Res, no ne one wants to debate it anymore which is why people have a go at you. It's not gang culture, it's individuals fed up of you.
PS, shark tank isnt the language of fear but it is distrust and just who can you trust in when billions are at play? Sometimes, you can't even trust your team mates let alone the power brokers at other clubs. | | | |
| Huw Jenkins on 12:48 - Aug 12 with 748 views | ReslovenSwan1 |
| Huw Jenkins on 07:45 - Aug 12 by SullutaCreturned |
He isn't reasoned because he hijacks threads with this.
last few points,
I don't begrudge the sale just the manner of it.
Yes the trust has come up short and they actually went against the members wishies by settling which is very poor.
I don't want to hear anymore about this, t's been done to death but reanimated several times by Res.
Res, no ne one wants to debate it anymore which is why people have a go at you. It's not gang culture, it's individuals fed up of you.
PS, shark tank isnt the language of fear but it is distrust and just who can you trust in when billions are at play? Sometimes, you can't even trust your team mates let alone the power brokers at other clubs. |
No hijacking of threads. This thread is about Huw Jenkins who most fans begrudge selling his shares. They say they do not be but they do. Making money out of Swansea city shares is not on.
Steve Gibson at Boro is loved (£100m+ out of pocket gotta love the guy). They are no better off than Swansea. Still blowing big cash.
To justify dislike of the man they invest a narrative of " the people" being treated in an underhand manner. it is a myth. The Trust were probably seen as the "awkward squad". Their involvement would probably have chased away the cash rich buyer now pumping millions into the club. Like Huw said the buyer had access to friends with very deep (next level) pockets.
So what did HJ do wrong. Not a lot. An odd bungled redundancy or two nothing much to report. Relegation saw some mistakes of course but he was back on form before falling on his sword. Potter useless recruitment guy brought in four duds.
I am one of the few that defend Huw Jenkins. It is important to debate fake narratives on record. One is too many for the forum hawks who want to close down debate and preferably ban free speech (been there done that). That is why the SCST is now going through the wringer. Too many shares and not enough cash and assets ever since 2012. |  |
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| Huw Jenkins on 13:06 - Aug 12 with 744 views | Treforys_Jack |
| Huw Jenkins on 12:48 - Aug 12 by ReslovenSwan1 |
No hijacking of threads. This thread is about Huw Jenkins who most fans begrudge selling his shares. They say they do not be but they do. Making money out of Swansea city shares is not on.
Steve Gibson at Boro is loved (£100m+ out of pocket gotta love the guy). They are no better off than Swansea. Still blowing big cash.
To justify dislike of the man they invest a narrative of " the people" being treated in an underhand manner. it is a myth. The Trust were probably seen as the "awkward squad". Their involvement would probably have chased away the cash rich buyer now pumping millions into the club. Like Huw said the buyer had access to friends with very deep (next level) pockets.
So what did HJ do wrong. Not a lot. An odd bungled redundancy or two nothing much to report. Relegation saw some mistakes of course but he was back on form before falling on his sword. Potter useless recruitment guy brought in four duds.
I am one of the few that defend Huw Jenkins. It is important to debate fake narratives on record. One is too many for the forum hawks who want to close down debate and preferably ban free speech (been there done that). That is why the SCST is now going through the wringer. Too many shares and not enough cash and assets ever since 2012. |
So no matter how many times I say, I don't begrudge HH or MM selling their shares, you refuse to believe it. Is that an accurate statement? [Post edited 12 Aug 2023 13:06]
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| Huw Jenkins on 13:11 - Aug 12 with 739 views | jack247 |
| Huw Jenkins on 13:06 - Aug 12 by Treforys_Jack |
So no matter how many times I say, I don't begrudge HH or MM selling their shares, you refuse to believe it. Is that an accurate statement? [Post edited 12 Aug 2023 13:06]
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It’s absolute nonsense that ‘most fans’ think that | | | |
| Huw Jenkins on 13:59 - Aug 12 with 697 views | ReslovenSwan1 |
| Huw Jenkins on 13:06 - Aug 12 by Treforys_Jack |
So no matter how many times I say, I don't begrudge HH or MM selling their shares, you refuse to believe it. Is that an accurate statement? [Post edited 12 Aug 2023 13:06]
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I try not to personalise things. I refer to 'most fans'. This is gleaned from this forum SCFC2 and PS i read occasionally. (i do not like the formatting on there). | |
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| Huw Jenkins on 14:38 - Aug 12 with 683 views | shaggyrogers |
| Huw Jenkins on 21:20 - Aug 10 by vetchonian |
Absolutely Max, Mel led the court action to "buy trhe debt" and then gifted his shares some went to the Trust but the other shareholders benefited and then sold those gifted shares on
Resolven whovever he is doesnt understan |
That is so inaccurate !
Mel bought the debt before others were about to. That is FACT. He also doubled his money so didn't do too bad from it.
He did NOT gift his shares. There was an agreement in place between all shareholders that if the club could afford to it would buy back shares from a shareholder if that shareholder wanted to sell . It was at a pre determined rate. ie £x in League 2, £xx etc . Mel sold his shares when the club reached the championship. It was his choice to do so and once again made a very good return.
That's not to take away the fact he seems a great bloke and swansea thru and thru. | | | |
| Huw Jenkins on 14:51 - Aug 12 with 669 views | max936 |
| Huw Jenkins on 14:38 - Aug 12 by shaggyrogers |
That is so inaccurate !
Mel bought the debt before others were about to. That is FACT. He also doubled his money so didn't do too bad from it.
He did NOT gift his shares. There was an agreement in place between all shareholders that if the club could afford to it would buy back shares from a shareholder if that shareholder wanted to sell . It was at a pre determined rate. ie £x in League 2, £xx etc . Mel sold his shares when the club reached the championship. It was his choice to do so and once again made a very good return.
That's not to take away the fact he seems a great bloke and swansea thru and thru. |
Mel's main focus was to strengthen the Trust!.
Lets get that straight!
End of Chat, all this has been done to death over and over and over again and again! |  |
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| Huw Jenkins on 14:57 - Aug 12 with 659 views | ReslovenSwan1 |
| Huw Jenkins on 14:51 - Aug 12 by max936 |
Mel's main focus was to strengthen the Trust!.
Lets get that straight!
End of Chat, all this has been done to death over and over and over again and again! |
You do not want facts getting in the way of your fake narrative of course. Shut down thread and put posters you disagree with on ignore. That ought to do it. | |
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