| The Trust Email 14:15 - Nov 23 with 7027 views | Darran |
As previously communicated to members, the Swans’ Trust Board is keen to provide regular updates to members on various issues. This update will focus specifically on the progress regarding the Trust’s minority shareholding in the club and the proposed mediation process. We realise that it can seem to members that progress is slow on this issue. As this statement will outline, the Trust is faced with obstacles to progress that are not of our making.
Earlier this month we were hoping to use this update to confirm that a formal mediation meeting would be taking place with the majority owners and other parties in London on 29 and 30 November. However, after those dates had been agreed, an independent mediator reserved and Trust’s representatives had arranged to take time off from work and rearrange family commitments, the Trust were informed that Jason Levien could no longer attend, with no suitable alternative representative provided. At the time of this update, no alternative dates have been agreed. Whilst the Trust will always look for the possibility to obtain a mediated settlement, our experience while trying to start mediation shows that the other parties involved are not committed to this process.
Furthermore, the Trust has still not received a response to our claim letter of 18 May 2018 from the majority owners or the other parties involved. We are now three months past the maximum timeline (of three months) that the Practice Direction, which are the legal guidelines which parties in dispute should follow before they can start court proceedings, allows. While the club’s majority owners have recently committed to providing a formal response to our claim letter by 23 November (after not meeting previous deadlines), the lack of responses within and well beyond the deadlines set by the guidelines is already completely unacceptable. No proposed date for a response to our claim letter has been received from the legal representatives for Huw Jenkins and other selling shareholders. The Trust and our legal representatives believe this is indicative of the lack of any viable defence on their part.
As outlined in our last statement and as a result of the lack of progress on mediation and the cancellation of the agreed dates, the Trust Board will progress with our plans to carry out a members’ consultation in the coming weeks. In the absence of progress in obtaining a mediated settlement, the only options we can currently provide to our members are limited to whether to pursue legal action or not. The Trust Board is currently working with our legal representatives to provide as much information as possible regarding these options, to allow members to make as informed a decision as possible. We will announce the exact timeline for this as soon as possible.
22 November 2018 |  |
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| The Trust Email on 14:23 - Nov 23 with 5215 views | LeonWasGod |
Ta 👠|  | | |
| The Trust Email on 17:56 - Nov 23 with 4977 views | DwightYorkeSuperstar |
How much of The Trust's money has been wasted since the last consultation where they all but advised the member base to not vote for legal action? |  |
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| The Trust Email on 18:09 - Nov 23 with 4948 views | Darran |
Who the fuçking hell posted this?
Mods I’ve been hacked. | |
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| The Trust Email on 18:11 - Nov 23 with 4944 views | Highjack |
| The Trust Email on 18:09 - Nov 23 by Darran |
Who the fuçking hell posted this?
Mods I’ve been hacked. |
There’s a lot of strange things going on here lately. |  |
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| The Trust Email on 18:12 - Nov 23 with 4933 views | DJack |
| The Trust Email on 18:11 - Nov 23 by Highjack |
There’s a lot of strange things going on here lately. |
Yeah, Brexit.  |  |
| It is far better to grasp the universe as it really is than to persist in delusion, however satisfying and reassuring. - Carl Sagan |
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| The Trust Email on 18:15 - Nov 23 with 4923 views | Highjack |
| The Trust Email on 18:12 - Nov 23 by DJack |
Yeah, Brexit. |
Not just that. Brexit is just a bit of fun and doesn’t mean anything to anyone.
This is quite important. There are a lot of posts being altered or deleted by people or persons unknown without warning or explanation. Now somebody is posting trust threads using someone else’s account.
How queer. | |
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| The Trust Email on 18:15 - Nov 23 with 4922 views | Darran |
| The Trust Email on 18:11 - Nov 23 by Highjack |
There’s a lot of strange things going on here lately. |
Lord Bony probably tried to get me into trouble. | |
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| The Trust Email on 18:17 - Nov 23 with 4907 views | QJumpingJack |
Probably best that this thread is deleted asap. |  | | |
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| The Trust Email on 18:20 - Nov 23 with 4894 views | hobo |
"As outlined in our last statement and as a result of the lack of progress on mediation and the cancellation of the agreed dates, the Trust Board will progress with our plans to carry out a members’ consultation in the coming weeks."
Surely these plans should have been already finalised and ready to go? Seems to be a hell of a lot of time wasting going on |  | | |
| The Trust Email on 18:26 - Nov 23 with 4878 views | Lord_Bony |
| The Trust Email on 18:15 - Nov 23 by Darran |
Lord Bony probably tried to get me into trouble. |
Fecking idiot. |  |
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| The Trust Email on 18:37 - Nov 23 with 4825 views | SkettyJack |
Thanks for the update, my email has not arrived.
Anyhow, just push the button and go legal! | | | |
| The Trust Email on 18:39 - Nov 23 with 4814 views | bluey_the_blue |
| The Trust Email on 18:20 - Nov 23 by hobo |
"As outlined in our last statement and as a result of the lack of progress on mediation and the cancellation of the agreed dates, the Trust Board will progress with our plans to carry out a members’ consultation in the coming weeks."
Surely these plans should have been already finalised and ready to go? Seems to be a hell of a lot of time wasting going on |
Not really - if anything goes in Trust's favour that they've gone over and above reasonable behaviour by going extra time. Trust have made best efforts to get a mediated settlement, owners have clearly and continually shown no regard for process. | | | |
| The Trust Email on 18:41 - Nov 23 with 4809 views | Darran |
| The Trust Email on 18:26 - Nov 23 by Lord_Bony |
Fecking idiot. |
So it was you then? | |
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| The Trust Email on 18:42 - Nov 23 with 4798 views | ItchySphincter |
| The Trust Email on 18:09 - Nov 23 by Darran |
Who the fuçking hell posted this?
Mods I’ve been hacked. |
Felixstowe Jack will be all over you like a rash now. |  |
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| The Trust Email on 19:00 - Nov 23 with 4766 views | Lord_Bony |
| The Trust Email on 18:41 - Nov 23 by Darran |
So it was you then? |
Fecking idiot. | |
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| The Trust Email on 19:50 - Nov 23 with 4623 views | Swanzay |
You have to ask the question why the feck didn't Trust go legal in the 1st instance, the writing was on the wall even back then.
Im guessing that the trust were in a better financial position then too.....
Guessing to busy enjoying the benefits and not seeing the woods for the trees. |  | | |
| The Trust Email on 19:55 - Nov 23 with 4612 views | Loyal |
The bigger question is -
Is Levien a cnt ? |  |
| Nolan sympathiser, clout expert, personal friend of Leigh Dineen, advocate and enforcer of porridge swallows.
The official inventor of the tit w@nk. | | Poll: | Who should be Swansea number 1 |
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| The Trust Email on 21:15 - Nov 23 with 4453 views | waynekerr55 |
| The Trust Email on 19:50 - Nov 23 by Swanzay |
You have to ask the question why the feck didn't Trust go legal in the 1st instance, the writing was on the wall even back then.
Im guessing that the trust were in a better financial position then too.....
Guessing to busy enjoying the benefits and not seeing the woods for the trees. |
Or they followed the vote and thought the fake words were meant sincerely.
Frustrating but hindsight is a marvellous thing. |  |
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| The Trust Email on 21:48 - Nov 23 with 4390 views | DwightYorkeSuperstar |
| The Trust Email on 21:15 - Nov 23 by waynekerr55 |
Or they followed the vote and thought the fake words were meant sincerely.
Frustrating but hindsight is a marvellous thing. |
Followed the vote? They did what they could to influence the vote. They got the result they wanted, which turned out to be the wrong decision. Hindsight wasn't needed. The Trust were screwed over and treated disgracefully throughout the sale process, and then for some reason the decision was made to trust them with tens of millions at stake. It was a baffling decision at the time and it's just as baffling to look back on now. | |
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| The Trust Email on 22:20 - Nov 23 with 4327 views | waynekerr55 |
| The Trust Email on 21:48 - Nov 23 by DwightYorkeSuperstar |
Followed the vote? They did what they could to influence the vote. They got the result they wanted, which turned out to be the wrong decision. Hindsight wasn't needed. The Trust were screwed over and treated disgracefully throughout the sale process, and then for some reason the decision was made to trust them with tens of millions at stake. It was a baffling decision at the time and it's just as baffling to look back on now. |
Again if only all situations followed a positivist paradigm. They advised the members and half the fúckers didn't even bother | |
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| The Trust Email on 22:45 - Nov 23 with 4264 views | builthjack |
Will new members get a vote? |  |
| 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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| The Trust Email on 23:05 - Nov 23 with 4226 views | Ceejay |
The Trust are getting shafted both ways here.
Whilst we all were 99% certain the “owners and other parties” had no intention of mediating the Trust had to give the benefit of doubt. A judge will look at the facts alone. If the Trust had gone straight to litigation they would have shelled out cash big time and “the others” simply would have had a stay of proceedings by playing the “lack of mediation card.” For the Trust that would have meant even more time and money as well as making themselves look like they just want to punish the others. No judge would support that and the likely outcome would be nominal damages in the event of their claim succeeding.
Our owners of the past and present really are shysters of the highest order. |  | | |
| The Trust Email on 23:30 - Nov 23 with 4183 views | builthjack |
| The Trust Email on 19:55 - Nov 23 by Loyal |
The bigger question is -
Is Levien a cnt ? |
What do you think? | |
| 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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| The Trust Email on 00:08 - Nov 24 with 4123 views | Loyal |
| The Trust Email on 23:30 - Nov 23 by builthjack |
What do you think? |
I don't believe he came out of one ... | |
| Nolan sympathiser, clout expert, personal friend of Leigh Dineen, advocate and enforcer of porridge swallows.
The official inventor of the tit w@nk. | | Poll: | Who should be Swansea number 1 |
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| The Trust Email on 03:24 - Nov 24 with 4040 views | DJack |
| The Trust Email on 22:20 - Nov 23 by waynekerr55 |
Again if only all situations followed a positivist paradigm. They advised the members and half the fúckers didn't even bother |
"followed a positivist paradigm" ...You've been on a course, haven't you! | |
| It is far better to grasp the universe as it really is than to persist in delusion, however satisfying and reassuring. - Carl Sagan |
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