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Trust Statement regarding deal 09:59 - Jan 6 with 2666 views

We have been advised by the majority owners of Swansea City that they intend to put discussions around the sale of some of the Trust's shares to the owners of the club on hold. When informing us of this, the owners of the club cited the ongoing concerns among some Trust and Trust Board members about aspects of the share sale and also the majority owners own desire to concentrate on on-field matters.

As the mandate from Trust members to sell shares was given in July 2017 and there will now be a further delay in fulfilling that mandate, the Trust Board can confirm that a further members’ consultation will take place to ensure the Trust Board is acting on the current views of its membership on how we proceed from this point.

We will provide a further update to members as soon as possible.

Blog:

Whose money is it anyway?

Trust Statement regarding deal on 10:02 - Jan 6 with 2641 views

Uxbridge

Now, before anyone says the statement isn't strong enough etc, the reality is as follows :

a) there'll be a new Trust board recommendation
b) there'll be another forum to review that
c) ultimately there'll have to be another vote

Blog:

Whose money is it anyway?

Trust Statement regarding deal on 10:04 - Jan 6 with 2631 views

Vetchfielder

Trust Statement regarding deal on 10:02 - Jan 6 by Uxbridge
Now, before anyone says the statement isn't strong enough etc, the reality is as follows : a) there'll be a new Trust board recommendation b) there'll be another forum to review that c) ultimately there'll have to be another vote

Great stuff, thanks Ux

Proud to have been one of the 231

Trust Statement regarding deal on 10:07 - Jan 6 with 2603 views

jedijack

Trust Statement regarding deal on 10:04 - Jan 6 by Vetchfielder
Great stuff, thanks Ux

Happy with that.
Thank you for the update.

Edit
-----
Mis-quoted sorry

[Post edited 6 Jan 2018 10:08]

Trust Statement regarding deal on 10:09 - Jan 6 with 2583 views

BarrySwan

A touch ironic that it's actually the Americans who have halted talks because of concerns of Trust members rather than the Trust themselves halting proceedings because of the fast changing situation.

Maybe the Americans should be representing the Trust members rather than the Trust.

Trust Statement regarding deal on 10:11 - Jan 6 with 2566 views

londonlisa2001

Trust Statement regarding deal on 10:09 - Jan 6 by BarrySwan
A touch ironic that it's actually the Americans who have halted talks because of concerns of Trust members rather than the Trust themselves halting proceedings because of the fast changing situation. Maybe the Americans should be representing the Trust members rather than the Trust.

If you read the statement from the Americans that's not what it says though.

Trust Statement regarding deal on 10:11 - Jan 6 with 2562 views

Phil_S

In the absence of ability to merge threads going to lock this one and point everyone in the direction of here to save any trust board members needing to reply to two different threads

From The Trust by Phil_S 6 Jan 2018 9:59

News from the Trust

Discussions on sale of Trust shares put on hold.
Dear Phil

We have been advised by the majority owners of Swansea City that they intend to put discussions around the sale of some of the Trust's shares to the owners of the club on hold. When informing us of this, the owners of the club cited the ongoing concerns among some Trust and Trust Board members about aspects of the share sale and also the majority owners own desire to concentrate on on-field matters.

As the mandate from Trust members to sell shares was given in July 2017 and there will now be a further delay in fulfilling that mandate, the Trust Board can confirm that a further members’ consultation will take place to ensure the Trust Board is acting on the current views of its membership on how we proceed from this point.

We will provide a further update to members as soon as possible.

Best wishes

The Swans Trust Team

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