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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.
The new owners have to have a plan and I'm sure it's not to continue to run us at a loss so imo they'll want to make us more competitive and in doing so successful,this will take time so as many have said 20 million will have to be spent in the right areas and if that means not on player purchases immediately then so be it, I'm more confident in the new ownership than I could and was with the last lot. The future is looking brighter now than it has been for far too long.
Believe it or not Gwyn I never ever want a political party to fail , I want my governments to succeed in developing its people , improving their standard of living, making them healthy and as important wealthy, protecting the nation and yes its only 4 months but the signs are not good , I've seen over the years many new governments take office and imo without exception each one has initially giving us hope for the future , even Blair gave us that but failed and within that failure destroyed the lives of many and for that I can never forgive or forget and all I can see is Starmer enhancing and developing further Blair's ideology .
Many people are predisposed to forming an addiction , its whether they're exposed to what ever substance its is is the key to whether that addiction is formed. "Any addiction develops as a result of a complex interaction of genetic, psychological, social, and environmental factors. Addictions come in all shapes and sizes, from alcohol to drugs, from gambling to gaming, from anorexia to bulimia, from… Just about every human substance or behaviour can become the focus of an addiction"
Your infatuation with news outlets rather than the content is becoming worrying .What is untrue, That inflation's going up , growth expectations have proven to be lower, alienation of large portions of the country, that the Labour lead has diminished , the worst start to a new Government , that manifesto pledges ignored or backtracked on , for someone who states that they never voted Labour you seem very defensive of that particular party , we all make mistakes , no shame in that as I've made many.
Labour have had 14 years to prepare for government , this the first time in history that a new government is more unpopular than the old , give them two years they'll be lucky to survive one.
They've crashed the economy in which it looks like we're heading back into austerity with inflation rising , backtracked/lied on major manifesto pledges, alienated large groups of the population , has a Chancellor with no finance experience ( no she wasn't an economist in the Bof E) still pumping taxpayers money into ridiculous projects, such as overseas aid to countries richer than ourselves, failed to make a single dent in illegal migrant issue in fact the government has more hotels on its books than the Premier Inn, as Scotia posted ,all in 4 months not bad going so lets see where we are in another 4.5 years ,if we're still here that is . No I didn't vote Tory either
You're hoping aren't you although looking at the polls with Labour 3 points behind the Tories and just 6 in front of Reform it looks like the rest of the country's woken up and agrees with you as I do
If a certain poster can post nonsense then why can't I. IMO the Royal family had the opportunity to make significant changes went when the late Queen passed away. yes its slimmed down some what but the main players excluded themselves through their behaviour ,changes forced rather than planned. If the King wanted a follow tradition and with-it the costs then they should if not all but a significant amount from his pocket rather than ours.
He used to play ( albeit briefly) with grandson and to be picked up Barcelona at such a young age and from abroad must mean he has something about him . Enzo Romano "For those of you following Enzo Romano’s story I thought I’d let you know what’s happening at the moment. Many of you know Enzo’s story but for those of you who don’t I coached Enzo for 4 years in Cardiff. In 2016 when he was just 7 years old he got selected to play for Barcelona and his family moved from Cardiff to Barcelona. The story doesn’t end there! He is now 15 years old and plays for the Wales. Despite being born in Wales Enzo has now been denied British citizenship. His family have of course appealed this decision. However if this decision is upheld it will prohibit him from wearing the Welsh shirt and playing for Wales his home team. Enzo has always had a dream of becoming a professional footballer and he always wanted to represent the country of his birth, Wales."
Forget Welcome To Wrexham, how about Escape from Swansea? Having started with a story about an absence of business in football, let us move to an example of some bad business in football: the 2016 takeover of Swansea City by a group of U.S. investors led by Steve Kaplan, who owns a minority stake in the NBA’s Memphis Grizzlies, and Jason Levien, the co-chairman and CEO of MLS side D.C. United.
Swansea were nearing the end of their fifth consecutive season in the Premier League when Kaplan and Levien bought a majority stake in the Welsh club at a valuation of £110million. Unfortunately, they were relegated to the Championship in 2018 and have haemorrhaged money in that division ever since.
But now — for Kaplan and Levien, at least — the bleeding has stopped, as they have sold their 65 per cent stake in Swansea to three investors they first introduced to the club last year: Andy Coleman, Brett Cravatt and Nigel Morris.
A shareholder at D.C. United, Coleman has been Swansea’s chairman since May 2023, while private-equity firm boss Cravatt and Welsh-American fintech entrepreneur Morris have been on the board for over a year, too. Cravatt’s business partner Jason Cohen is joining the gang, too.
But you know all this because The Athletic reported it two weeks ago. What we did not report, though, is the exact terms of the deal, saying only that the “precise value was contested”.
Well, now we know, as one of several rather disgruntled fellow investors sent us the email Kaplan and Levien wrote to shareholders in Swansea Football Holdings, the club’s parent company, explaining why they were selling up and the deal they had secured.
They reminded everyone how relegation had seen the club’s income fall by 80 per cent, with parachute payments and wage cuts only partially offsetting the pain. Their woes were compounded by the £30million they wasted on transfer fees and three-year contracts for strikers Andre Ayew and Wilfried Bony, in a failed attempt to avoid the drop, and the impact of the pandemic.
There were two promotion play-offs appearances, including a defeat by Brentford in the 2021 final, but once the parachute payments stopped that summer it has been mid-table mediocrity and “substantial operating losses”.
In 2023, after “years of exhaustive searches for alternatives”, they brought in three new investor groups led by Coleman, Cravatt and Morris, in return for an equity injection of over £40million, and now, 18 months further on, “it is this group of investors who are purchasing our interests and committing to make another significant investment in the club”.
Before outlining the terms of the deal in an attachment to the letter, “Jason and Steve” said they had “spent many sleepless nights over the years” worrying about what to do, acknowledged “there are things we would have done differently”, but assured everyone they had “forgone all management fees owed to us since relegation”, before asking them to “take some solace in that we never burdened you with a capital call”.
“This is an outstanding group of partners,” they added. “It pains us that this investment did not work out financially.”
So, just how bad was it?
There are three parts to the deal.
The first is a commitment by the newish investors to fund the club with a minimum of £20million in new equity. The second is a series of share transactions that hand over control of Swansea City to Cohen, Coleman, Cravatt and Morris for the grand total of $3,000, or £2,370.
And the last is an “inducement agreement” between the club, on one side, and Kaplan, Levien and their investors, on the other, with the latter receiving an additional £10million for every season Swansea spend in the Premier League between now and May 2035, capped at a maximum of £40m.
Does that give investors a fair chance of getting some more money back or is it just condemning them to another decade of dashed hopes
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