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TRUST UPDATE 12:21 - Nov 23 with 681 viewsQJumpingJack

All info here. And it is pleasing to see that Andy Coleman is engaging with the trust. It is a shame this process did not happen in Spring 2016 with the last lot.

https://www.swanstrust.co.uk/news/announcement-of-change-in-club-ownership/
[Post edited 23 Nov 12:36]
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TRUST UPDATE on 12:31 - Nov 23 with 653 viewsmax936

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 556 viewsLandore_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.

#backtojack

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TRUST UPDATE on 13:26 - Nov 23 with 539 viewsswancity

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 534 viewsWhiterockin

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.
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TRUST UPDATE on 13:37 - Nov 23 with 492 viewsBoundy

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 334 viewsReslovenSwan1

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]

Wise sage since Toshack era

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TRUST UPDATE on 16:04 - Nov 23 with 319 viewsbuilthjack

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 282 viewsReslovenSwan1

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.

Wise sage since Toshack era

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TRUST UPDATE on 16:24 - Nov 23 with 273 viewsWhiterockin

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.
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TRUST UPDATE on 16:32 - Nov 23 with 246 viewsReslovenSwan1

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.

Wise sage since Toshack era

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TRUST UPDATE on 17:20 - Nov 23 with 194 viewsswancity

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 172 viewsChippy69

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 42 viewsmax936

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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