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Bit of a breakthrough re the Swansea City takeover stuff coming out this morn, this is an except from an article in Brazilian press yesterday, from Leandro Rodrigues (who I believe to be the man behind the takeover)...#Swans
Brazilians are buying the club (n/t) on 11:43 - May 20 by Flynnidine_Zidownes
You only have to look at Wrexham and the positive effect committed and passionate owners can have. The ground is bouncing every week, there’s a real good positive feel around the club.
It makes such a difference.
Yep and now it's been granted city status their profile will improve. I like Wrexham,the area and people. Lovely area,overlooked by many.
Swansea people are pretty passionate and indeed fiery,at least they were and if we had the likes of their owners if for no other reason than to raise spirits then we'd be flying.
Brazilians are buying the club (n/t) on 11:30 - May 20 by Flynnidine_Zidownes
My issue with the owners as it’s always been is that they are so distant. We don’t know who half of them are for a start, you hardly hear anything from them, they never come over. So that gives the overwhelming feeling they don’t give a toss.
People need excuses to dislike the Americans (other than them being US citizens) and do not come up with very convincing answers.
Fans did not object to the sale (just the way it was carried out) this is nonsense.
The fans have nothing against Americans but 'they do not come to see the games'. Yeah sure. They almost certainly watch them on TV Swansea past owners the south African and Frenchman did not come either.
The US owners run the club like it has been run for the last 20 years with deeper cash back up (Credit loan note for example).
They will be concerned at the collapse of the UK transfer market as this was part of the 'Jenkinista business model'. Piroe offers might not exceed £5m where as McBurnie went for £20m and is not such a good player.
Wise sage since Toshack era
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Brazilians are buying the club (n/t) on 12:06 - May 20 with 1794 views
Brazilians are buying the club (n/t) on 11:17 - May 20 by Lorax
Oh I understand that but given what the owners have been saying, I dont think they'd allow it. They want the club to be sustainable, they want us producing players and then selling for profit, it's a long term deal and I don't think they will accept losing money, not yet anyway.
At the very least I expect any sale to be made after we have sold this years crown jewels, if they leave they will cash in as much as they can first. I know that could affect the clubs value too but they will want the best deal possible. If the club was sold now, Silverstein would want his loan paying back to start with.
If they're selling their shares then "cashing in on the crown jewels" first doesn't change anything for them. It's not like that money goes into their personal bank accounts. A club with £0 in the bank and £30m in assets is worth about the same as one with £30m in the bank and £0 in assets. They can pay back the CLNs/loan before selling, or after selling, or leave them in the club as debts, the value of what they're owed doesn't change (unless they convert to equity).
They already effectively "lost money" when we got relegated. Shares they own worth £60m are worth a fraction of that now, and will be unless we get promoted or start turning crazy profits and paying dividends (no chance in this league). Taking an offer of less than what they paid isn't losing money, it's cutting your losses before they potentially get a lot worse. They won't want to be putting £13.1m in every other year to keep us afloat, whether they're getting interest on it or not.
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Brazilians are buying the club (n/t) on 12:09 - May 20 with 1783 views
Brazilians are buying the club (n/t) on 11:29 - May 20 by Dr_Winston
You are quite right of course.
Mistakes were made early on, the biggest one of which was trusting Jenkins and allowing him to play Football Manager with the clubs money. Most of the struggles we've had since relegation have their roots in that decision.
They are, to a degree, now doing things right and trying to keep the club as solvent as possible whilst still spending as much as they can on the team. It's a fine balancing act and you could make a justified case that we're still spending too much.
Unfortunately there are still too many people who seem to think that there's a case for spending more. These people are dumb.
they get hate, yet sanctioned Clucas, Bony and Ayew. As you say, there biggest crime was trusting Jenkins
an automated translation in English is available. Spokesperson is talking about a proposal to buy the Swans as a team in English second division would suit them. More definite info at the end of May or June. The spokesperson for VI Dubai is Leonardo Rodriguez , they are also looking to buy Clube de Remo. But he does talk about £20 - 21 million. Which is well below the US share sale price of c £32 million.
Reference to Rowing is … Clube do Remo, commonly referred to as Remo, is a Brazilian professional club based in Belém, Pará founded on 5 February 1905. It competes in the Campeonato Brasileiro Série C, the third tier of Brazilian football, as well as in the Campeonato Paraense, the top flight of the Pará state football league.
Brazilians are buying the club (n/t) on 12:06 - May 20 by jasper_T
If they're selling their shares then "cashing in on the crown jewels" first doesn't change anything for them. It's not like that money goes into their personal bank accounts. A club with £0 in the bank and £30m in assets is worth about the same as one with £30m in the bank and £0 in assets. They can pay back the CLNs/loan before selling, or after selling, or leave them in the club as debts, the value of what they're owed doesn't change (unless they convert to equity).
They already effectively "lost money" when we got relegated. Shares they own worth £60m are worth a fraction of that now, and will be unless we get promoted or start turning crazy profits and paying dividends (no chance in this league). Taking an offer of less than what they paid isn't losing money, it's cutting your losses before they potentially get a lot worse. They won't want to be putting £13.1m in every other year to keep us afloat, whether they're getting interest on it or not.
I know it's a pittance compared to the £60m but was it you who posted that over £500k was paid to directors in the the last balance sheet?
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Brazilians are buying the club (n/t) on 12:38 - May 20 with 1705 views
Brazilians are buying the club (n/t) on 11:40 - May 20 by BryanSwan
I think they probably got a bit of a raw deal initially, we were on a downward trend at that point after Monk. They probably thoight they could just carry on what was done previously and we would be fine to stay in the premier league. One thing i would say is theyve done well to keep the club in a good financial position since relegation.
Monk was the downward trend. The huge mistake they made was, in good faith, keeping Jenkins in charge. He had already run his course, hence the push to sell when finances started running away. That said, we are a solvent club doing ok in the second tier … a position I used to dream of as a young and not so young fan.
Brazilians are buying the club (n/t) on 12:28 - May 20 by 3swan
I know it's a pittance compared to the £60m but was it you who posted that over £500k was paid to directors in the the last balance sheet?
£555k remuneration to directors for "qualifying services". The Lion's share of that is probably Winter's salary.
[Post edited 20 May 2022 12:38]
Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back.
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Brazilians are buying the club (n/t) on 12:42 - May 20 with 1698 views
Brazilians are buying the club (n/t) on 12:28 - May 20 by 3swan
I know it's a pittance compared to the £60m but was it you who posted that over £500k was paid to directors in the the last balance sheet?
That's from the latest accounts on Companies House. Page 27 Directors' Remuneration £567,869 total. Highest paid director £142,381. Trevor Birch was a director for 1 month at the start of the year before leaving.
Previous years we were only paying 1 director over £300k/year.
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Brazilians are buying the club (n/t) on 13:53 - May 20 with 1607 views
Brazilians are buying the club (n/t) on 12:27 - May 20 by Badlands
an automated translation in English is available. Spokesperson is talking about a proposal to buy the Swans as a team in English second division would suit them. More definite info at the end of May or June. The spokesperson for VI Dubai is Leonardo Rodriguez , they are also looking to buy Clube de Remo. But he does talk about £20 - 21 million. Which is well below the US share sale price of c £32 million.
Reference to Rowing is … Clube do Remo, commonly referred to as Remo, is a Brazilian professional club based in Belém, Pará founded on 5 February 1905. It competes in the Campeonato Brasileiro Série C, the third tier of Brazilian football, as well as in the Campeonato Paraense, the top flight of the Pará state football league.
[Post edited 20 May 2022 12:30]
Perhaps the £20-21m is simply to buy the controlling interest e.g 51% of the clubs new shares. The US buy new shares cheaply in the CLN and sell them with a decent margin to the Brazilian.
Assume the club is worth £30m. Add the CLN +£13m value £43m. Sell 51% of the club for £21.93m giving the Brazilian controlling interest. They will have £60m still left in the club. They will gt that back easily if they return to the Premier league. Their debt will have been reduced by £9m and they will get the CLN money back.
Wise sage since Toshack era
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Brazilians are buying the club (n/t) on 14:26 - May 20 with 1566 views
Brazilians are buying the club (n/t) on 13:53 - May 20 by ReslovenSwan1
Perhaps the £20-21m is simply to buy the controlling interest e.g 51% of the clubs new shares. The US buy new shares cheaply in the CLN and sell them with a decent margin to the Brazilian.
Assume the club is worth £30m. Add the CLN +£13m value £43m. Sell 51% of the club for £21.93m giving the Brazilian controlling interest. They will have £60m still left in the club. They will gt that back easily if they return to the Premier league. Their debt will have been reduced by £9m and they will get the CLN money back.
I have since seen 10% mentioned https://the72.co.uk/273703/who-is-leandro-rodrigues-the-man-claiming-to-be-takin 'Rodrigues, who lives in Zurich, Switzerland, says that his ‘purchase of Swansea City’ will go through at the end of May or the beginning of June, but after further looking into the matter, it appears Rodrigues is only looking to purchase a 10% share of Swansea City.''
Someone else has commented that it would be unlikely his company would be allowed to buy the clib as they have no sports ownership background.
Brazilians are buying the club (n/t) on 16:34 - May 20 by Flynnidine_Zidownes
Sanctioning the Clucas signing alone should have seen them sent up to Cefn Coed for electric shock therapy.
Some tremendous sales Williams £12m, Siggurdson £45m, Llorente £12m. With a top notch recruitment team that money would have seen some exceptional signings.
The club cannot let recruitment side of thing fail again.
Wise sage since Toshack era
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Brazilians are buying the club (n/t) on 18:19 - May 20 with 1263 views
Brazilians are buying the club (n/t) on 12:06 - May 20 by jasper_T
If they're selling their shares then "cashing in on the crown jewels" first doesn't change anything for them. It's not like that money goes into their personal bank accounts. A club with £0 in the bank and £30m in assets is worth about the same as one with £30m in the bank and £0 in assets. They can pay back the CLNs/loan before selling, or after selling, or leave them in the club as debts, the value of what they're owed doesn't change (unless they convert to equity).
They already effectively "lost money" when we got relegated. Shares they own worth £60m are worth a fraction of that now, and will be unless we get promoted or start turning crazy profits and paying dividends (no chance in this league). Taking an offer of less than what they paid isn't losing money, it's cutting your losses before they potentially get a lot worse. They won't want to be putting £13.1m in every other year to keep us afloat, whether they're getting interest on it or not.
If they sell the crown jewels first, can they take a dividend as shareholders before selling?
They would surely leave the CLN as it is to capitalise on the interest.
It's seems it moot anyway because the owners have dismissed this persons claim.
Every club loses value on relegation from the EPL, our owners have stated aims though, to get the clubs value back up we need to get promoted again. Assuming they are honest in what they say, they won't sell.
Cutting your losses is still losing money whichever way you cut it.
Of course, assuming they are honest in what they say isn't a really good assumption!
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Brazilians are buying the club (n/t) on 18:33 - May 20 with 1231 views
Every club loses value on relegation from the EPL, our owners have stated aims though, to get the clubs value back up we need to get promoted again. Assuming they are honest in what they say, they won't sell.
Cutting your losses is still losing money whichever way you cut it.
Of course, assuming they are honest in what they say isn't a really good assumption!
Interest payments on £5m aren't that attractive when you're not sure you'll ever get the original £5m back. Better served sticking it in a bank than a Championship football club. Or a slot machine.
If they were to pay out a huge dividend then the business would have fewer assets and less cash so any potential buyer would pay them less for their shares. It doesn't really help them, especially when 30-40% of any dividend they pay out goes to the other shareholders. If they're trying to sell their own shares then the company should look as healthy as possible to get a high price.
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Brazilians are buying the club (n/t) on 20:49 - May 20 with 1050 views
The owners will make their money if successful and will lose it if they are not. Successful means in the Premier league or even being a yoyo club. "Football inflation" will easily cover losses.
Who in the right mind would have seen Abramovic invest £1.5 BILLION in players for Chelsea and still make a notional sizeable profit 19 years later. Swansea will also benefit from football inflation at a much lower level but still eye popping stuff.
The average Trust member would see the value of the 21% valued at approaching £42m if Swansea get promoted. Even a diluted 15% shareholding in excess of £30m and rising, They need to start thinking now what on earth they would do with the money.
Wise sage since Toshack era
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Brazilians are buying the club (n/t) on 20:49 - May 20 with 1050 views
Brazilians are buying the club (n/t) on 18:33 - May 20 by jasper_T
Interest payments on £5m aren't that attractive when you're not sure you'll ever get the original £5m back. Better served sticking it in a bank than a Championship football club. Or a slot machine.
If they were to pay out a huge dividend then the business would have fewer assets and less cash so any potential buyer would pay them less for their shares. It doesn't really help them, especially when 30-40% of any dividend they pay out goes to the other shareholders. If they're trying to sell their own shares then the company should look as healthy as possible to get a high price.
Yes but in our case the only way to look healthy enough is to get promoted to the EPL. Any sale outside the EPL is always to going to mean a loss for them. Otherwise all they have is to bring good enough players through to improve the team, sell for a profit and take dividends. I don't see that happening.
To be honest I don't know why any business person looking for a profit would ever buy a football club. Even Man City and Chelsea have cost their owners billions, Barcelona, heavily in debt to over one BILLION Euro's, if clubs like those make heavy losses then what chance others?
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