| Trust Statement regarding potential takeover of Swansea City Football Club on 20:47 - Apr 9 with 2935 views | dobjack2 |
| 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. |
The issue is what happens to the club once it is sold. The problem is if they don't really give a flying one as long as they get ££££. |  | |  |
| Trust Statement regarding potential takeover of Swansea City Football Club on 20:50 - Apr 9 with 2912 views | morningstar |
| Trust Statement regarding potential takeover of Swansea City Football Club on 20:40 - Apr 9 by 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. |
Mr & Mrs Martin Morgan - 23.7%
Swansea City Supporters Society Ltd - 21.1%
Huw Jenkins - 13.2%
Brian Katzen - 10.5%
Jeffrey Crevoiserat - 10.5%
Robert Davies - 10.5%
It does seem strange that the two biggest shareholders (at least) were the last to know about this 'takeover' yet the investors will have a majority shareholding! |  |
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| Trust Statement regarding potential takeover of Swansea City Football Club on 20:54 - Apr 9 with 2880 views | monmouth |
| Trust Statement regarding potential takeover of Swansea City Football Club on 20:50 - Apr 9 by morningstar |
Mr & Mrs Martin Morgan - 23.7%
Swansea City Supporters Society Ltd - 21.1%
Huw Jenkins - 13.2%
Brian Katzen - 10.5%
Jeffrey Crevoiserat - 10.5%
Robert Davies - 10.5%
It does seem strange that the two biggest shareholders (at least) were the last to know about this 'takeover' yet the investors will have a majority shareholding! |
What makes you think the Morgans didn't know Gar? I would guess, if I had to, at Morgan, Jenkins, Katzen being in the vanguard here. |  |
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| Trust Statement regarding potential takeover of Swansea City Football Club on 20:54 - Apr 9 with 2880 views | Watchman |
| Trust Statement regarding potential takeover of Swansea City Football Club on 20:45 - Apr 9 by 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? |
Because the last thing that anyone who wants to sell and make their money is to put in place a clause/barrier that would limit any sale at top dollar
Darran, sadly is it about the money or the football now? some appear to think it is about the money |  |
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| Trust Statement regarding potential takeover of Swansea City Football Club on 20:54 - Apr 9 with 2880 views | Flashberryjack |
| Trust Statement regarding potential takeover of Swansea City Football Club on 19:46 - Apr 9 by Phil_S |
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 |
"until this morning we could not even open discussions with Jason Levien"
Major share holder......... my ar*e |  |
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| Trust Statement regarding potential takeover of Swansea City Football Club on 20:54 - Apr 9 with 2880 views | Phil_S |
| Trust Statement regarding potential takeover of Swansea City Football Club on 20:50 - Apr 9 by morningstar |
Mr & Mrs Martin Morgan - 23.7%
Swansea City Supporters Society Ltd - 21.1%
Huw Jenkins - 13.2%
Brian Katzen - 10.5%
Jeffrey Crevoiserat - 10.5%
Robert Davies - 10.5%
It does seem strange that the two biggest shareholders (at least) were the last to know about this 'takeover' yet the investors will have a majority shareholding! |
Which suggests one of two things
1. They did know and are pulling the wool over everyones eyes
2. There have been assumptions made by other shareholders
Either way it doesnt suggest this is as close to being done as maybe the press report suggests |  | | |
| Trust Statement regarding potential takeover of Swansea City Football Club on 20:55 - Apr 9 with 2873 views | bonymine |
| Trust Statement regarding potential takeover of Swansea City Football Club on 20:50 - Apr 9 by morningstar |
Mr & Mrs Martin Morgan - 23.7%
Swansea City Supporters Society Ltd - 21.1%
Huw Jenkins - 13.2%
Brian Katzen - 10.5%
Jeffrey Crevoiserat - 10.5%
Robert Davies - 10.5%
It does seem strange that the two biggest shareholders (at least) were the last to know about this 'takeover' yet the investors will have a majority shareholding! |
Someone's telling porky pies I think !!
Money,Money,Money........say no more.
It will all come out in the wash ....Jack to a Yank maybe the next movie !! |  |
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| Trust Statement regarding potential takeover of Swansea City Football Club on 20:55 - Apr 9 with 2862 views | leighton1318 |
| Trust Statement regarding potential takeover of Swansea City Football Club on 20:36 - Apr 9 by Phil_S |
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 |
Phil, is that to say the trust has a preemption right (you can match the price other buyers are offering) however difficult that would be in practice?
Do you have something like a 30 day window in which, in theory , to do this? (Example - if buyer is paying HJ et al £5 per share can you and other existing shareholders pony up £5/share and cut the buyer out)?
And what information rights if any do you have, in what I would call a bid situation like this?
Have you a right to tag along (sell to buyer on same terms) if Trust wants to do so?
Can a big majority of other shades drag the Trust into a sale (eg if shader agreement says 77% of shdrs are agreed on something can the other 23% be forced by the 77% to do the same)?
Not being awkward (though you may think I am) but these seem pretty salient questions, if you don't mind. | | | |
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| Trust Statement regarding potential takeover of Swansea City Football Club on 20:56 - Apr 9 with 2854 views | Phil_S |
| Trust Statement regarding potential takeover of Swansea City Football Club on 20:54 - Apr 9 by Flashberryjack |
"until this morning we could not even open discussions with Jason Levien"
Major share holder......... my ar*e |
We're not a major shareholder, never have been
We are the second largest but there isn't a major one - 78.9% of the club is owned by other people | | | |
| Trust Statement regarding potential takeover of Swansea City Football Club on 20:56 - Apr 9 with 2853 views | Nookiejack |
Why don't they just go and buy out their fellow yank Randy Lerner at Villa.
He has been looking to sell for 2 years or more.
Villa have tremendous potential with their fan base? | | | |
| Trust Statement regarding potential takeover of Swansea City Football Club on 21:01 - Apr 9 with 2808 views | Wingstandwood |
| Trust Statement regarding potential takeover of Swansea City Football Club on 20:45 - Apr 9 by 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? |
If what I'm assuming so?........Yeah I'll be in agreement with you!......What I'm assuming (I stand to be corrected!) is? Each and every director will out of this proposed sale be individually paid sums that would make them multi-millionaires if they/some weren't already in the first place.
And haven't they all already made additional profits/huge amounts of money for themselves by means of previous dividend pay-outs? Are my assumptions correct bearing in mind I am no financial expert/guru? |  |
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| Trust Statement regarding potential takeover of Swansea City Football Club on 21:01 - Apr 9 with 2808 views | morningstar |
| Trust Statement regarding potential takeover of Swansea City Football Club on 20:54 - Apr 9 by Phil_S |
Which suggests one of two things
1. They did know and are pulling the wool over everyones eyes
2. There have been assumptions made by other shareholders
Either way it doesnt suggest this is as close to being done as maybe the press report suggests |
I'll go with option one and agree with your last sentence as you wouldn't have said it unless that's what you truly believe. | |
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| Trust Statement regarding potential takeover of Swansea City Football Club on 21:01 - Apr 9 with 2798 views | Darran |
| Trust Statement regarding potential takeover of Swansea City Football Club on 20:54 - Apr 9 by Watchman |
Because the last thing that anyone who wants to sell and make their money is to put in place a clause/barrier that would limit any sale at top dollar
Darran, sadly is it about the money or the football now? some appear to think it is about the money |
Indeed it's very sad. |  |
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| Trust Statement regarding potential takeover of Swansea City Football Club on 21:02 - Apr 9 with 2797 views | BLAZE |
| Trust Statement regarding potential takeover of Swansea City Football Club on 20:50 - Apr 9 by morningstar |
Mr & Mrs Martin Morgan - 23.7%
Swansea City Supporters Society Ltd - 21.1%
Huw Jenkins - 13.2%
Brian Katzen - 10.5%
Jeffrey Crevoiserat - 10.5%
Robert Davies - 10.5%
It does seem strange that the two biggest shareholders (at least) were the last to know about this 'takeover' yet the investors will have a majority shareholding! |
As Phil said elsewhere:
The Trust have agreed to nothing. Up until 2 weeks ago the Trust were unware (as were others) how advanced talks were. SOme shareholders (as well as us) were given the first chance to speak to Jason today. They are in the same position as us other than this deal depends on them selling and yet theyve been kept in the dark
So reading between the lines, this proposed deal has taken into account the purchase of MMs shares, despite him knowing nothing about it. That alone suggests the deal is nowhere near imminent, as the article claims |  | | |
| Trust Statement regarding potential takeover of Swansea City Football Club on 21:02 - Apr 9 with 2795 views | Phil_S |
| Trust Statement regarding potential takeover of Swansea City Football Club on 20:55 - Apr 9 by leighton1318 |
Phil, is that to say the trust has a preemption right (you can match the price other buyers are offering) however difficult that would be in practice?
Do you have something like a 30 day window in which, in theory , to do this? (Example - if buyer is paying HJ et al £5 per share can you and other existing shareholders pony up £5/share and cut the buyer out)?
And what information rights if any do you have, in what I would call a bid situation like this?
Have you a right to tag along (sell to buyer on same terms) if Trust wants to do so?
Can a big majority of other shades drag the Trust into a sale (eg if shader agreement says 77% of shdrs are agreed on something can the other 23% be forced by the 77% to do the same)?
Not being awkward (though you may think I am) but these seem pretty salient questions, if you don't mind. |
I'm going to try and answer as best as I can but on the odd occasion I will defer to our experts involved with us so I dont give a misleading answer.
Phil, is that to say the trust has a preemption right (you can match the price other buyers are offering) however difficult that would be in practice?
The current shareholders agreement dictates that we have to be offered any shares being put up for sale to buy. If we could match the price then we should be able to buy them.
Do you have something like a 30 day window in which, in theory , to do this? (Example - if buyer is paying HJ et al £5 per share can you and other existing shareholders pony up £5/share and cut the buyer out)?
I dont think there is a defined timeline in which we would have to do it. When we extended our shareholding to £200k we were given longer than other shareholders to raise that money
And what information rights if any do you have, in what I would call a bid situation like this?
I'm afraid I don't fully understand the question so if Uxbridge or jackonicko look in can I ask them to answer
Have you a right to tag along (sell to buyer on same terms) if Trust wants to do so?
At no point has it been expressed to us that we have and at no point today were we even told that our shares were included in the sale
Can a big majority of other shades drag the Trust into a sale (eg if shader agreement says 77% of shdrs are agreed on something can the other 23% be forced by the 77% to do the same)?
No
Not being awkward (though you may think I am) but these seem pretty salient questions, if you don't mind.
JUst the one that I may need to defer to someone else for an answer | | | |
| Trust Statement regarding potential takeover of Swansea City Football Club on 21:05 - Apr 9 with 2525 views | morningstar |
| Trust Statement regarding potential takeover of Swansea City Football Club on 20:54 - Apr 9 by monmouth |
What makes you think the Morgans didn't know Gar? I would guess, if I had to, at Morgan, Jenkins, Katzen being in the vanguard here. |
morningstar: Ok Phil!
"The biggest frustration is seeing us (and 2 more shareholders at least) being kept in the dark as to how far this had progressed."
So in view of that and of course this:
"Thankfully we were not the last shareholder to be afforded that privilege we assume that they must be meeting in reverse order of shareholding..."
Are we to believe that Martin Morgan was also unaware?
Phil: That is my understanding Gary yes. It is what we have to be led to believe.
Please though no further comment from me on that part if you dont mind [Post edited 9 Apr 2016 21:06]
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| Trust Statement regarding potential takeover of Swansea City Football Club on 21:06 - Apr 9 with 2506 views | monmouth |
| Trust Statement regarding potential takeover of Swansea City Football Club on 21:05 - Apr 9 by morningstar |
morningstar: Ok Phil!
"The biggest frustration is seeing us (and 2 more shareholders at least) being kept in the dark as to how far this had progressed."
So in view of that and of course this:
"Thankfully we were not the last shareholder to be afforded that privilege we assume that they must be meeting in reverse order of shareholding..."
Are we to believe that Martin Morgan was also unaware?
Phil: That is my understanding Gary yes. It is what we have to be led to believe.
Please though no further comment from me on that part if you dont mind [Post edited 9 Apr 2016 21:06]
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Ah right I missed that bit. | |
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| Trust Statement regarding potential takeover of Swansea City Football Club on 21:06 - Apr 9 with 2488 views | BLAZE |
| Trust Statement regarding potential takeover of Swansea City Football Club on 20:54 - Apr 9 by monmouth |
What makes you think the Morgans didn't know Gar? I would guess, if I had to, at Morgan, Jenkins, Katzen being in the vanguard here. |
I believe Phil suggested elsewhere that a share holder with a greater percentage than the trust (that only leaves the Morgan's) were also kept in the dark.
Although given the fact they're owned by Mr and ex-Mrs, maybe one half has been kept in the dark? | | | |
| Trust Statement regarding potential takeover of Swansea City Football Club on 21:07 - Apr 9 with 2486 views | ymaohyd |
Just go with it.
What have we got to lose?
seriously?! |  |
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| Trust Statement regarding potential takeover of Swansea City Football Club on 21:09 - Apr 9 with 2462 views | Darran |
| Trust Statement regarding potential takeover of Swansea City Football Club on 21:07 - Apr 9 by ymaohyd |
Just go with it.
What have we got to lose?
seriously?! |
What did Villa have to lose? | |
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| Trust Statement regarding potential takeover of Swansea City Football Club on 21:13 - Apr 9 with 2441 views | AngelRangelQS |
| Trust Statement regarding potential takeover of Swansea City Football Club on 21:07 - Apr 9 by ymaohyd |
Just go with it.
What have we got to lose?
seriously?! |
Our football club. |  | | |
| Trust Statement regarding potential takeover of Swansea City Football Club on 21:20 - Apr 9 with 2391 views | ymaohyd |
| Trust Statement regarding potential takeover of Swansea City Football Club on 21:09 - Apr 9 by Darran |
What did Villa have to lose? |
Bollox
Ownership is so well regulated now, football has changed beyond recognition.
Good luck to all concerned,
They are hardly going to be asset strippers as we have no assets.
Fantastic news for the Swans and those who backed the club all those years ago. | |
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| Trust Statement regarding potential takeover of Swansea City Football Club on 21:20 - Apr 9 with 2388 views | Uxbridge |
| Trust Statement regarding potential takeover of Swansea City Football Club on 21:02 - Apr 9 by Phil_S |
I'm going to try and answer as best as I can but on the odd occasion I will defer to our experts involved with us so I dont give a misleading answer.
Phil, is that to say the trust has a preemption right (you can match the price other buyers are offering) however difficult that would be in practice?
The current shareholders agreement dictates that we have to be offered any shares being put up for sale to buy. If we could match the price then we should be able to buy them.
Do you have something like a 30 day window in which, in theory , to do this? (Example - if buyer is paying HJ et al £5 per share can you and other existing shareholders pony up £5/share and cut the buyer out)?
I dont think there is a defined timeline in which we would have to do it. When we extended our shareholding to £200k we were given longer than other shareholders to raise that money
And what information rights if any do you have, in what I would call a bid situation like this?
I'm afraid I don't fully understand the question so if Uxbridge or jackonicko look in can I ask them to answer
Have you a right to tag along (sell to buyer on same terms) if Trust wants to do so?
At no point has it been expressed to us that we have and at no point today were we even told that our shares were included in the sale
Can a big majority of other shades drag the Trust into a sale (eg if shader agreement says 77% of shdrs are agreed on something can the other 23% be forced by the 77% to do the same)?
No
Not being awkward (though you may think I am) but these seem pretty salient questions, if you don't mind.
JUst the one that I may need to defer to someone else for an answer |
That's a question for the lawyers I'm afraid. |  |
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| Trust Statement regarding potential takeover of Swansea City Football Club on 21:24 - Apr 9 with 2351 views | Flashberryjack |
| Trust Statement regarding potential takeover of Swansea City Football Club on 21:20 - Apr 9 by ymaohyd |
Bollox
Ownership is so well regulated now, football has changed beyond recognition.
Good luck to all concerned,
They are hardly going to be asset strippers as we have no assets.
Fantastic news for the Swans and those who backed the club all those years ago. |
FFS !! | |
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| Trust Statement regarding potential takeover of Swansea City Football Club on 21:24 - Apr 9 with 2343 views | AngelRangelQS |
| Trust Statement regarding potential takeover of Swansea City Football Club on 21:20 - Apr 9 by ymaohyd |
Bollox
Ownership is so well regulated now, football has changed beyond recognition.
Good luck to all concerned,
They are hardly going to be asset strippers as we have no assets.
Fantastic news for the Swans and those who backed the club all those years ago. |
So you're happy for us to be ploughed into debt? | | | |
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