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Although the 2014 accounts have not been published and submitted to Companies House in respect of Swansea City AFC ,the Trust has just published their 2014 accounts on their new website. From these one thing stands out.The Trust has received a further dividend for the 2014 year of £210,000 which means that a total dividend of £1m has been declared and paid to all the shareholders. This means that for each £100,000 originally invested by each shareholder they have now received a Return of £300,000, that is, three times their original investments. If it is true that they are also looking to sell their shares to the American investors there is only one thing that can be said about them They are greedy bastards who are no different to Mr Petty, the man they once decried. Surely they should now do a Mel Nurse, and gift their shares back to the club, and prove that they are men of integrity and not the crap that they appear to be turning into.
Just joined the Trust. Seems there might be battles to fight. For the sake of a tenner, If push comes to shove, I get a vote. My default stance is one of extreme caution.
If you can fill the unforgiving minute.
With sixty seconds' worth of distance run,
Yours is the Earth and everything that's in it,
And - which is more - you'll be a Man, my son!
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A million quid for the shareholders It's official! on 12:15 - Nov 4 with 1469 views
A million quid for the shareholders It's official! on 11:50 - Nov 4 by Clinton
Just joined the Trust. Seems there might be battles to fight. For the sake of a tenner, If push comes to shove, I get a vote. My default stance is one of extreme caution.
But how are you doing filling the membership with the thousands of others, in order to execute your evil plan? :)
I thought JM was friends with President Carter, not Clinton ;)
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A million quid for the shareholders It's official! on 12:26 - Nov 4 with 1437 views
A million quid for the shareholders It's official! on 11:45 - Nov 4 by perchrockjack
My issue on this thread is that we seem to have so many seeing themselves as better financially equipped to run our club. They cant,ergo we have to trust the people who ve done us proud although reading the constant bitching from Monks appointment, Dineen s tweets, the dividends , you d think we have a board of Blackpool proportions.
We re not talking about taking money from the club but money earned on investment which is business and football IS a business and all businesses need to grow. I read "we don't need further investment" s after that I simply got down on my knees to pray that our current board don't have that mindset.
It would be something if those accountants, businessmen, solicitors etc on our fan base were to go to the meeting and advise the Board on what best to do. It seems many on here know what NOT to do but what TO do and that s the most crucial matter.
Explain what the 'club' needs more money for when they''ve been announcong profits of millions every 6 months for the recent past. Unless there's an accounting sh1te storm on the scale of Tesco's on the horizon I can't see benefit for anyone other than a few greedy bastards in charge
Frankly, no. With respect, no poster should feel obliged to answer any question purely to exacerbate previous spats. I refer you to previous posts on this thread.
A million quid for the shareholders It's official! on 12:15 - Nov 4 by jackonicko
But how are you doing filling the membership with the thousands of others, in order to execute your evil plan? :)
I thought JM was friends with President Carter, not Clinton ;)
OK I admit it, I've been foiled. I asked all my mates but neither of them wanted to join in. In all seriousness, is there any danger of anyone, including evil millionaires, getting a foothold in the club by packing the Trust with members and OVER TIME gaining a foothold on the Trust Board via the annual vote and hence a big voice in the in the club. In the past there would have been little point. Just a load of hard work for scant reward and a lot of hassle. But now the Trust must have about half a million quid in the bank, and a shareholding worth (arguably) about 20 million quid. As supporters we need to be sure its not open to manipulation.
If you can fill the unforgiving minute.
With sixty seconds' worth of distance run,
Yours is the Earth and everything that's in it,
And - which is more - you'll be a Man, my son!
0
A million quid for the shareholders It's official! on 12:45 - Nov 4 with 1391 views
A million quid for the shareholders It's official! on 12:30 - Nov 4 by perchrockjack
Frankly, no. With respect, no poster should feel obliged to answer any question purely to exacerbate previous spats. I refer you to previous posts on this thread.
I ll pm you though
You can't explain what the club needs investment for but want to shout out we do just for the hell of it?
You're all out of time....the past was yours but the future's mine.
A million quid for the shareholders It's official! on 11:45 - Nov 4 by perchrockjack
My issue on this thread is that we seem to have so many seeing themselves as better financially equipped to run our club. They cant,ergo we have to trust the people who ve done us proud although reading the constant bitching from Monks appointment, Dineen s tweets, the dividends , you d think we have a board of Blackpool proportions.
We re not talking about taking money from the club but money earned on investment which is business and football IS a business and all businesses need to grow. I read "we don't need further investment" s after that I simply got down on my knees to pray that our current board don't have that mindset.
It would be something if those accountants, businessmen, solicitors etc on our fan base were to go to the meeting and advise the Board on what best to do. It seems many on here know what NOT to do but what TO do and that s the most crucial matter.
I'm not quite sure why you have misgivings with This thread. You, in the past, have always stressed that we shouldn't stand still and should forget all about "where we've come from". This thread is one of the most sensible ones I've read on here this year. We have had some really good contributions from the majority of posts on here and it's good to try and debate the various scenarios that could potentially pull this great club apart. My Very own bullet points are:
1: I have no problem with the board receiving dividends. It's a reward for running the club in profit 2: if they continue to draw dividends then there's no need to sell to recoup their investment. 3: why do we need further investment to expand when we're showing yearly profits of £14 million? 4: could it be that by expanding they could break even but then won't get their juicy dividend? 5: if that is the case then they have lost the spirit of our whole club Ethos. 6: I would rather pay them something regardless to keep away the vultures but please, show your true colours soon.
Am I being too cynical with my above points?
It's just the internet, init.
2
A million quid for the shareholders It's official! on 13:39 - Nov 4 with 1302 views
A million quid for the shareholders It's official! on 13:32 - Nov 4 by Starsky
I'm not quite sure why you have misgivings with This thread. You, in the past, have always stressed that we shouldn't stand still and should forget all about "where we've come from". This thread is one of the most sensible ones I've read on here this year. We have had some really good contributions from the majority of posts on here and it's good to try and debate the various scenarios that could potentially pull this great club apart. My Very own bullet points are:
1: I have no problem with the board receiving dividends. It's a reward for running the club in profit 2: if they continue to draw dividends then there's no need to sell to recoup their investment. 3: why do we need further investment to expand when we're showing yearly profits of £14 million? 4: could it be that by expanding they could break even but then won't get their juicy dividend? 5: if that is the case then they have lost the spirit of our whole club Ethos. 6: I would rather pay them something regardless to keep away the vultures but please, show your true colours soon.
Am I being too cynical with my above points?
The logic must be that investing 12m per annum (after dividends assuming last year is the 'norm') simply isn't sufficient. That might be right, but it's vital to keep the previously raised killer point visible:
THERE HAS BEEN NO PROPOSED INVESTMENT MENTIONED YET AS FAR AS I CAN SEE, JUST A SHARE TRANSFER, LET ALONE 'INVESTMENT' IN A PALATABLE FORM IN THE INTERESTS OF THE CLUB.
A million quid for the shareholders It's official! on 13:32 - Nov 4 by Starsky
I'm not quite sure why you have misgivings with This thread. You, in the past, have always stressed that we shouldn't stand still and should forget all about "where we've come from". This thread is one of the most sensible ones I've read on here this year. We have had some really good contributions from the majority of posts on here and it's good to try and debate the various scenarios that could potentially pull this great club apart. My Very own bullet points are:
1: I have no problem with the board receiving dividends. It's a reward for running the club in profit 2: if they continue to draw dividends then there's no need to sell to recoup their investment. 3: why do we need further investment to expand when we're showing yearly profits of £14 million? 4: could it be that by expanding they could break even but then won't get their juicy dividend? 5: if that is the case then they have lost the spirit of our whole club Ethos. 6: I would rather pay them something regardless to keep away the vultures but please, show your true colours soon.
Am I being too cynical with my above points?
Whether we like to admit it or not certain shareholders have been planning their exit strategy from the club for more than just the couple of months this speculation has been going around
They see the £ signs and want to sell the club at the first chance which is these Americans that were revealed last week. For years they have banged the drum about local club for the fans blah blah so as others have said give the trust the shares and cash in the rest as you see fit at least we know the club has a long term future and isn't completely at the whim of a person who has no affiliation to the club at all
A million quid for the shareholders It's official! on 12:30 - Nov 4 by Clinton
OK I admit it, I've been foiled. I asked all my mates but neither of them wanted to join in. In all seriousness, is there any danger of anyone, including evil millionaires, getting a foothold in the club by packing the Trust with members and OVER TIME gaining a foothold on the Trust Board via the annual vote and hence a big voice in the in the club. In the past there would have been little point. Just a load of hard work for scant reward and a lot of hassle. But now the Trust must have about half a million quid in the bank, and a shareholding worth (arguably) about 20 million quid. As supporters we need to be sure its not open to manipulation.
There is a risk, sure but a very small one.
The poker analogy works just as well here. In the same way that the trust is outgunned from a cash perspective by the billionaire backing, so the trust can outgun any conspiracy to subvert the trust. Swansea supporters can always rustle up more members than US-based investors. That is why, actually, one member one vote is so important to the consitution, and you can't exert more influence by "donating" more.
If there was a concerted action to try and do this, you would hope that the supporter base can rustle up more people than they can.
People forget the importance of individual people in the formation of the trust. The talk on here (from some people) is of the current shareholders getting a reasonable return on the risk they took when they first invested. I'm stretching my memory banks, but I seem to remember Gareth Keen putting about £10k into the original consortia but he gifted his share via the trust. If my memory is correct, that is an amazing gesture. However, if he is still a member of the trust, he still only gets one vote.
I'm sure someone with better memories than me will correct me if I'm wrong on the above.
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A million quid for the shareholders It's official! on 13:58 - Nov 4 with 1240 views
A million quid for the shareholders It's official! on 13:53 - Nov 4 by jackonicko
There is a risk, sure but a very small one.
The poker analogy works just as well here. In the same way that the trust is outgunned from a cash perspective by the billionaire backing, so the trust can outgun any conspiracy to subvert the trust. Swansea supporters can always rustle up more members than US-based investors. That is why, actually, one member one vote is so important to the consitution, and you can't exert more influence by "donating" more.
If there was a concerted action to try and do this, you would hope that the supporter base can rustle up more people than they can.
People forget the importance of individual people in the formation of the trust. The talk on here (from some people) is of the current shareholders getting a reasonable return on the risk they took when they first invested. I'm stretching my memory banks, but I seem to remember Gareth Keen putting about £10k into the original consortia but he gifted his share via the trust. If my memory is correct, that is an amazing gesture. However, if he is still a member of the trust, he still only gets one vote.
I'm sure someone with better memories than me will correct me if I'm wrong on the above.
Phil will be along in a minute to point out it's in his book ...
A million quid for the shareholders It's official! on 11:48 - Nov 4 by _
If you were John Moores with a few billion in your back pocket - would you be looking at a deal that would involve a * "poxy"supporters Trust?
* I use the word poxy not from my way of thinking, but his!
I could be wrong, I hope I am, but I fail to see why we are even discussing that scenario when it comes to this "investor".
Now there's a question.
if I was an outsider looking to invest, then I could certainly see benefit of partnering up with a local representative to help smooth things from a PR perspective. The realities will, I suspect, depend on what his intentions are.
Anyway, before somebody can buy, somebody has to sell. I'd be focusing on ensuring that any sale that happens has to be a) for the benefit of the club and b) protects the future of the Trust, before we even get to c) only to rigorously scrutinised investors.
A million quid for the shareholders It's official! on 13:32 - Nov 4 by Starsky
I'm not quite sure why you have misgivings with This thread. You, in the past, have always stressed that we shouldn't stand still and should forget all about "where we've come from". This thread is one of the most sensible ones I've read on here this year. We have had some really good contributions from the majority of posts on here and it's good to try and debate the various scenarios that could potentially pull this great club apart. My Very own bullet points are:
1: I have no problem with the board receiving dividends. It's a reward for running the club in profit 2: if they continue to draw dividends then there's no need to sell to recoup their investment. 3: why do we need further investment to expand when we're showing yearly profits of £14 million? 4: could it be that by expanding they could break even but then won't get their juicy dividend? 5: if that is the case then they have lost the spirit of our whole club Ethos. 6: I would rather pay them something regardless to keep away the vultures but please, show your true colours soon.
Am I being too cynical with my above points?
Not at all...
Hopefully someone soon will get through to posters with naive mindsets who have un-realistic expectations on what investment could mean.
You're all out of time....the past was yours but the future's mine.
A million quid for the shareholders It's official! on 13:32 - Nov 4 by Starsky
I'm not quite sure why you have misgivings with This thread. You, in the past, have always stressed that we shouldn't stand still and should forget all about "where we've come from". This thread is one of the most sensible ones I've read on here this year. We have had some really good contributions from the majority of posts on here and it's good to try and debate the various scenarios that could potentially pull this great club apart. My Very own bullet points are:
1: I have no problem with the board receiving dividends. It's a reward for running the club in profit 2: if they continue to draw dividends then there's no need to sell to recoup their investment. 3: why do we need further investment to expand when we're showing yearly profits of £14 million? 4: could it be that by expanding they could break even but then won't get their juicy dividend? 5: if that is the case then they have lost the spirit of our whole club Ethos. 6: I would rather pay them something regardless to keep away the vultures but please, show your true colours soon.
Am I being too cynical with my above points?
That is a really good post with some excellent points. To be to be fair after reading this thread i think I've been guilty of naivety and blind trust myself.
The expansion, or lack of, really hasn't made any sense to me. I hadn't considered that they would like to keep profits high for their own personal dividends. Not because i wasn't aware that this could be a possibility more that i assumed us as fans and the board were on the same page regarding club first. However I'm not so sure that is true anymore with them wishing to cash in to a relatively unknown person.
Ticket prices are a hot topic at the moment and quite frankly they are outrageous. It feels somewhat uncomfortable thinking that ticket prices are so high to maximise profit to maximise personal dividends. It seems there has never been a bigger gap between board and fan right now to a point where they are literally personally profiting from the fans pocket and getting even richer while many others struggle.
Maybe its time to wake up and smell the coffee that we are no longer a fans club but money and greed has transformed us into something not to dissimilar from everyone else. Im sure others have realised this long ago, im just a little late on the uptake with this one. Its a shame.
A million quid for the shareholders It's official! on 14:20 - Nov 4 by Parlay
That is a really good post with some excellent points. To be to be fair after reading this thread i think I've been guilty of naivety and blind trust myself.
The expansion, or lack of, really hasn't made any sense to me. I hadn't considered that they would like to keep profits high for their own personal dividends. Not because i wasn't aware that this could be a possibility more that i assumed us as fans and the board were on the same page regarding club first. However I'm not so sure that is true anymore with them wishing to cash in to a relatively unknown person.
Ticket prices are a hot topic at the moment and quite frankly they are outrageous. It feels somewhat uncomfortable thinking that ticket prices are so high to maximise profit to maximise personal dividends. It seems there has never been a bigger gap between board and fan right now to a point where they are literally personally profiting from the fans pocket and getting even richer while many others struggle.
Maybe its time to wake up and smell the coffee that we are no longer a fans club but money and greed has transformed us into something not to dissimilar from everyone else. Im sure others have realised this long ago, im just a little late on the uptake with this one. Its a shame.
In fairness I don't see how expansion has been delayed because of the dividends. Now I'm not saying that £3m wouldn't have come in handy right about now when we're looking to expand, but much more than that is needed.
A million quid for the shareholders It's official! on 14:20 - Nov 4 by Parlay
That is a really good post with some excellent points. To be to be fair after reading this thread i think I've been guilty of naivety and blind trust myself.
The expansion, or lack of, really hasn't made any sense to me. I hadn't considered that they would like to keep profits high for their own personal dividends. Not because i wasn't aware that this could be a possibility more that i assumed us as fans and the board were on the same page regarding club first. However I'm not so sure that is true anymore with them wishing to cash in to a relatively unknown person.
Ticket prices are a hot topic at the moment and quite frankly they are outrageous. It feels somewhat uncomfortable thinking that ticket prices are so high to maximise profit to maximise personal dividends. It seems there has never been a bigger gap between board and fan right now to a point where they are literally personally profiting from the fans pocket and getting even richer while many others struggle.
Maybe its time to wake up and smell the coffee that we are no longer a fans club but money and greed has transformed us into something not to dissimilar from everyone else. Im sure others have realised this long ago, im just a little late on the uptake with this one. Its a shame.
I may have mentioned it once or twice the last few years.... just may have ;-)
You're all out of time....the past was yours but the future's mine.
A million quid for the shareholders It's official! on 14:26 - Nov 4 by _
So is that book any good then?
And yes, I agree, that is an extraordinary gesture. But I just wonder if he would have been able to do that before making it good in The Office.
Heh.
It's a very interesting read. I didn't get round to reading it until the same day as watching the film, so it was quite interesting switching from one to the other. They're very different in parts.
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