| Trust Statement regarding potential takeover of Swansea City Football Club on 19:30 - Apr 9 with 8887 views | Swanzay |
You didn't draft this at 3pm today Phil S.....
It stinks that the trust has been so quiet about this.
Good or bad! |  | |  |
| Trust Statement regarding potential takeover of Swansea City Football Club on 19:37 - Apr 9 with 8795 views | Goldminer |
| Trust Statement regarding potential takeover of Swansea City Football Club on 19:30 - Apr 9 by Swanzay |
You didn't draft this at 3pm today Phil S.....
It stinks that the trust has been so quiet about this.
Good or bad! |
Trust Chairman Phil Sumbler commented:
We have been aware of the terms of the potential deal for around two weeks. It has become apparent though that the discussions have been taking place since December and not all shareholders have been allowed to be part of those discussions.
known for 2 weeks? silenced by a NDA? |  | | |
| Trust Statement regarding potential takeover of Swansea City Football Club on 19:45 - Apr 9 with 8732 views | Phil_S |
| Trust Statement regarding potential takeover of Swansea City Football Club on 19:30 - Apr 9 by Swanzay |
You didn't draft this at 3pm today Phil S.....
It stinks that the trust has been so quiet about this.
Good or bad! |
No I didn't we drafted it just after 6pm this evening
I'm not sure why you keep missing the bit even though it has been confirmed by at least 3 people involved in these things for us |  | | |
| Trust Statement regarding potential takeover of Swansea City Football Club on 19:46 - Apr 9 with 8711 views | Phil_S |
| Trust Statement regarding potential takeover of Swansea City Football Club on 19:37 - Apr 9 by Goldminer |
Trust Chairman Phil Sumbler commented:
We have been aware of the terms of the potential deal for around two weeks. It has become apparent though that the discussions have been taking place since December and not all shareholders have been allowed to be part of those discussions.
known for 2 weeks? silenced by a NDA? |
No silenced vy the fact that until this morning we could not even open discussions with Jason Levien about what it could mean for us
The terms of the deal make little reference to the Supporters Trust | | | |
| Trust Statement regarding potential takeover of Swansea City Football Club on 19:54 - Apr 9 with 8621 views | icecoldjack |
Hmmmm.... I applaud the stance of the trust here, seems like to me someone/people is/are absolutely desperate to cash in no matter what the longer term effects my be.
Sounds like we are all getting shafted to me. |  | | |
| Trust Statement regarding potential takeover of Swansea City Football Club on 19:58 - Apr 9 with 8592 views | bonymine |
| Trust Statement regarding potential takeover of Swansea City Football Club on 19:54 - Apr 9 by icecoldjack |
Hmmmm.... I applaud the stance of the trust here, seems like to me someone/people is/are absolutely desperate to cash in no matter what the longer term effects my be.
Sounds like we are all getting shafted to me. |
DIVORCE |  |
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| Trust Statement regarding potential takeover of Swansea City Football Club on 20:00 - Apr 9 with 8567 views | Nookiejack |
The Non-Trust shareholders must have had a real fright when looking like we were going down.
Don't think they are going to risk that again and are going to get out.
Obviously everyone was waiting until we got to 40pts mark - with next years TV money guaranteed. | | | |
| Trust Statement regarding potential takeover of Swansea City Football Club on 20:02 - Apr 9 with 8553 views | Swanzay |
| Trust Statement regarding potential takeover of Swansea City Football Club on 19:58 - Apr 9 by bonymine |
DIVORCE |
Yes indeed! | | | |
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| Trust Statement regarding potential takeover of Swansea City Football Club on 20:18 - Apr 9 with 8416 views | oldcob |
I'm undecided if its a good or bad thing for the club at moment, but I am swaying toward good. Not all U.S investors are Petty. Though I can understand it being kept quiet if there were delicate negotiations taking place. This is consistent with all business deals no matter what the business or who are involved. | | | |
| Trust Statement regarding potential takeover of Swansea City Football Club on 20:23 - Apr 9 with 8349 views | Nookiejack |
| Trust Statement regarding potential takeover of Swansea City Football Club on 20:18 - Apr 9 by oldcob |
I'm undecided if its a good or bad thing for the club at moment, but I am swaying toward good. Not all U.S investors are Petty. Though I can understand it being kept quiet if there were delicate negotiations taking place. This is consistent with all business deals no matter what the business or who are involved. |
Venture Capitalists make their returns through gearing up assets of a business with debt.
Let's see what is proposed - new issue of shares to buy stadium for example - can't se how Trust's shareholding would then remain at 21%. | | | |
| Trust Statement regarding potential takeover of Swansea City Football Club on 20:23 - Apr 9 with 8350 views | Phil_S |
| Trust Statement regarding potential takeover of Swansea City Football Club on 20:18 - Apr 9 by oldcob |
I'm undecided if its a good or bad thing for the club at moment, but I am swaying toward good. Not all U.S investors are Petty. Though I can understand it being kept quiet if there were delicate negotiations taking place. This is consistent with all business deals no matter what the business or who are involved. |
I'm struggling to understand at the moment how we can decide whether it is good or bad
We simply dont have enough information to decide | | | |
| Trust Statement regarding potential takeover of Swansea City Football Club on 20:24 - Apr 9 with 8334 views | swancity |
Have you asked why the Trust and its Director on the Board were not kept informed earlier of the talks?
We're meetings taking place without him? If so why?
Strange. | |
| Only an idiot would eat a turkey curry on Christmas day |
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| Trust Statement regarding potential takeover of Swansea City Football Club on 20:26 - Apr 9 with 8310 views | Phil_S |
| Trust Statement regarding potential takeover of Swansea City Football Club on 20:24 - Apr 9 by swancity |
Have you asked why the Trust and its Director on the Board were not kept informed earlier of the talks?
We're meetings taking place without him? If so why?
Strange. |
Yes we have and we have been told its because we said last time we didnt want to sell
You are right it is strange but at least we are not alone in that company | | | |
| Trust Statement regarding potential takeover of Swansea City Football Club on 20:28 - Apr 9 with 8273 views | 3swan |
| Trust Statement regarding potential takeover of Swansea City Football Club on 20:23 - Apr 9 by Phil_S |
I'm struggling to understand at the moment how we can decide whether it is good or bad
We simply dont have enough information to decide |
Agree
But investors want returns on their money, only when the detail comes out will a opinion be able to be made.
The one thing I can only comment on as I've only just got back and not read other threads yet is that only certain board members were involved in this from the start. Now if it falls through how will the board be able to go forward as a settled unit | | | |
| Trust Statement regarding potential takeover of Swansea City Football Club on 20:29 - Apr 9 with 8264 views | swancity |
| Trust Statement regarding potential takeover of Swansea City Football Club on 20:26 - Apr 9 by Phil_S |
Yes we have and we have been told its because we said last time we didnt want to sell
You are right it is strange but at least we are not alone in that company |
Mmmmmmm. Not good. I would be rather livid if I were you. Morally unacceptable isn't it but what of the legal position I wonder. Can talks take place without shareholders knowing? | |
| Only an idiot would eat a turkey curry on Christmas day |
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| Trust Statement regarding potential takeover of Swansea City Football Club on 20:31 - Apr 9 with 8220 views | Phil_S |
| Trust Statement regarding potential takeover of Swansea City Football Club on 20:29 - Apr 9 by swancity |
Mmmmmmm. Not good. I would be rather livid if I were you. Morally unacceptable isn't it but what of the legal position I wonder. Can talks take place without shareholders knowing? |
Honestly? Yes of course they can.
If you owned shares in a company you could sell them without informing every other shareholder as they are your property
It is slightly different here because no sale can be concluded without us at least being given an option to buy anyway as that is what the shareholders agreement dictates | | | |
| Trust Statement regarding potential takeover of Swansea City Football Club on 20:33 - Apr 9 with 8200 views | bonymine |
| Trust Statement regarding potential takeover of Swansea City Football Club on 20:26 - Apr 9 by Phil_S |
Yes we have and we have been told its because we said last time we didnt want to sell
You are right it is strange but at least we are not alone in that company |
A clear breakdown of communication and transparency between shareholders with regards to this deal being negotiated is quite alarming really.
Unsettling all round and the late consultation/involvement with the Trust only serves to exacerbate the uncertain situation.
Clarity and transparency is required above all else before we go any further. | |
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| Trust Statement regarding potential takeover of Swansea City Football Club on 20:34 - Apr 9 with 8183 views | 3swan |
| Trust Statement regarding potential takeover of Swansea City Football Club on 20:31 - Apr 9 by Phil_S |
Honestly? Yes of course they can.
If you owned shares in a company you could sell them without informing every other shareholder as they are your property
It is slightly different here because no sale can be concluded without us at least being given an option to buy anyway as that is what the shareholders agreement dictates |
So has the agreement been broken? or does a previous offer null and void it? | | | |
| Trust Statement regarding potential takeover of Swansea City Football Club on 20:36 - Apr 9 with 8148 views | Phil_S |
| Trust Statement regarding potential takeover of Swansea City Football Club on 20:34 - Apr 9 by 3swan |
So has the agreement been broken? or does a previous offer null and void it? |
No the agreement hasnt been broken. Shares have to be offered before being sold. No shares have been sold.
Could easily say that is splitting hairs but that is the basis of it really | | | |
| Trust Statement regarding potential takeover of Swansea City Football Club on 20:37 - Apr 9 with 8145 views | swancity |
| Trust Statement regarding potential takeover of Swansea City Football Club on 20:31 - Apr 9 by Phil_S |
Honestly? Yes of course they can.
If you owned shares in a company you could sell them without informing every other shareholder as they are your property
It is slightly different here because no sale can be concluded without us at least being given an option to buy anyway as that is what the shareholders agreement dictates |
Ok ...good luck anyway
But a Company with a turnover of what £100m? doesn't need to inform a major shareholder of a possible or potential sale? | |
| Only an idiot would eat a turkey curry on Christmas day |
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| Trust Statement regarding potential takeover of Swansea City Football Club on 20:40 - Apr 9 with 8093 views | monmouth |
I can't believe that a poentialfor a majority sale wouldn't have to be on the Board agenda. What do the articles say?
ps just to say I know ferk all about company law for private companies so the questions aren't loaded. |  |
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| Trust Statement regarding potential takeover of Swansea City Football Club on 20:43 - Apr 9 with 8045 views | ymaohyd |
| Trust Statement regarding potential takeover of Swansea City Football Club on 19:54 - Apr 9 by icecoldjack |
Hmmmm.... I applaud the stance of the trust here, seems like to me someone/people is/are absolutely desperate to cash in no matter what the longer term effects my be.
Sounds like we are all getting shafted to me. |
Shut up!
Trust the people who run the club.
They are sitting on a fortune tonight with todays win.
To expect the board to turn their noses up at making a fortune is ridiculous.
Good luck to all concerned. |  |
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| Trust Statement regarding potential takeover of Swansea City Football Club on 20:45 - Apr 9 with 8009 views | Darran |
Am I the only one that finds it staggering that the current directors won't make the Trusts shareholding up to 25% between them myself? |  |
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| Trust Statement regarding potential takeover of Swansea City Football Club on 20:46 - Apr 9 with 8009 views | UplandsJack |
| Trust Statement regarding potential takeover of Swansea City Football Club on 19:58 - Apr 9 by bonymine |
DIVORCE |
I heard two weeks ago that allegedly MM was in mumbles pissed up going on about he was going to sell his shares and get as much money out of the club as soon as possible. How true this is I don't know, just what I heard!
To be honest I dismissed it till tonight!!!! |  | | |
| Trust Statement regarding potential takeover of Swansea City Football Club on 20:47 - Apr 9 with 7996 views | Watchman |
| Trust Statement regarding potential takeover of Swansea City Football Club on 20:43 - Apr 9 by ymaohyd |
Shut up!
Trust the people who run the club.
They are sitting on a fortune tonight with todays win.
To expect the board to turn their noses up at making a fortune is ridiculous.
Good luck to all concerned. |
I will play devils advocate here
Is it about the football or the money now? |  |
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