| A million quid for the shareholders It's official! 15:27 - Nov 3 with 20260 views | NOTRAC |
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. |  |
| |  |
| A million quid for the shareholders It's official! on 14:28 - Nov 4 with 1041 views | Parlay |
You certainly have. A few points always resonated with me but i never fully agreed with your stance, im quite pig headed at times (bet you never guessed) and feel my view is THE way - however looking back i reckon you are spot on. Bit of a wake up call today and im sure there are many others like me who will be in for a similar jolt in the coming weeks. [Post edited 4 Nov 2014 14:30]
|  |
| |
| A million quid for the shareholders It's official! on 14:29 - Nov 4 with 1037 views | Parlay |
Double post [Post edited 4 Nov 2014 14:29]
| |
| |
| A million quid for the shareholders It's official! on 14:30 - Nov 4 with 1027 views | _ |
| A million quid for the shareholders It's official! on 14:23 - Nov 4 by Uxbridge |
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. |
Simply because they have been worrying that expanding the stadium would be a complete waste of profit - and it wouldn't pay off....
Or perhaps more pertinently, it would take too long to see the real benefit (if any) in terms of more revenue and they didn't want to wait that long sitting on £m's of shares?! |  |
| |
| A million quid for the shareholders It's official! on 14:31 - Nov 4 with 1025 views | _ |
| A million quid for the shareholders It's official! on 14:28 - Nov 4 by Uxbridge |
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. |
Hahaha!!!
Yes, they are...
But how? ;-) | |
| |
| A million quid for the shareholders It's official! on 14:33 - Nov 4 with 1007 views | Swanaldinho |
Some people are deluded they deserve every penny. They invested in the club and brought us success for peanuts, now that the club is making money they deserve to be paid. It's nothing compared to what the Glazers are doing at United skimming hundreds of millions. The only way for us is down from here so now is the time they get paid whilst we are here.
STID | | | |
| A million quid for the shareholders It's official! on 14:34 - Nov 4 with 1005 views | Dewi1jack |
PRJ sums the majority of posters on this thread with his statement
"Finally, to ALL, and I mean ALL on this thread, thank the Lord we have many fans who care. It wasn't always thus."
Cynical/ over cautious, can all be really good traits, when dealing with a possible major change in the club we have all followed through thick (and thin and thick again, in a lot of cases)
Anything that's said may just be something that nobody on the club board/ shareholders/ Trust board/ shareholders, has thought of, so trying to close off any avenue open to a new shareholder riding roughshod over the club.
Certainly raises points I have found useful, in a learning process
Fair play, there's not been much infighting/squabbling either
 |  |
| If you wake up breathing, thats a good start to your day and you'll make many thousands of people envious. |
| |
| A million quid for the shareholders It's official! on 14:35 - Nov 4 with 1005 views | _ |
| A million quid for the shareholders It's official! on 14:28 - Nov 4 by Parlay |
You certainly have. A few points always resonated with me but i never fully agreed with your stance, im quite pig headed at times (bet you never guessed) and feel my view is THE way - however looking back i reckon you are spot on. Bit of a wake up call today and im sure there are many others like me who will be in for a similar jolt in the coming weeks. [Post edited 4 Nov 2014 14:30]
|
There's always been one main reason I have kept a keen eye on the Board and that was simply that no matter what the strap line is or drum they beat on, money usurps all that kind of noble bollox.
The Directors from the minute they've walked through the door have enjoyed a good return on their "investment" in more ways than one. There's a massive amount of kudos alone being in business and directing the local, passionate football club. The support has always been there as well, simmering a fair way beneath for too long, but still there. 14k for the Hull game for instance. Not a million miles away from the paltry 20k we get now. | |
| |
| A million quid for the shareholders It's official! on 14:35 - Nov 4 with 1003 views | jackonicko |
| 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. |
All of us have tipping points. As admitted elsewhere on here, I let my trust subsciption lapse as I was frustrated by the change in ethos at club board level. My personal tipping point was the introduction of the early season ticket renewal in the first year of the PL.
It felt greedy - it smacked of "lets get some money out of the fans who will be forced to buy on the hope of a second year in the Premier League" and we'll keep season ticket numbers high if we do get relegated. It was predicated on the fear you would otherwise miss out on year 2 if you didn't renew, as season tickets were oversubscribed.
By the fans, for the fans? As a long term season holder since the Vetch, I was annoyed at being held over a barrel to renew just months into our first year in the Premier League. And the trust promised, but never made, a statement.
However, these are "first world" problems. The trust is critical to represent the fans views on the current and future ownership of our club. A model that has delivered unexpected and unparalleled success. Which is why I have rejoined and would urge everyone else to do the same.
Shareholding percentages etc are important. But don't underestimate the negotiating power that is delivered through a sizeable mandate from the fanbase.
Pay a tenner, join the trust, have a voice. And then use that voice. |  | | |
Login to get fewer ads
| A million quid for the shareholders It's official! on 14:37 - Nov 4 with 998 views | _ |
| A million quid for the shareholders It's official! on 14:33 - Nov 4 by Swanaldinho |
Some people are deluded they deserve every penny. They invested in the club and brought us success for peanuts, now that the club is making money they deserve to be paid. It's nothing compared to what the Glazers are doing at United skimming hundreds of millions. The only way for us is down from here so now is the time they get paid whilst we are here.
STID |
They invested.
We invested.
WE directed (Trust)
We supported - ALWAYS!! | |
| |
| A million quid for the shareholders It's official! on 14:40 - Nov 4 with 986 views | londonlisa2001 |
| A million quid for the shareholders It's official! on 14:31 - Nov 4 by _ |
Hahaha!!!
Yes, they are...
But how? ;-) |
I haven't seen the film but let me guess...
You know when there's a film released about an historical event which in reality has seen British soldiers do something extraordinary and heroic. But in the Hollywood version that heroic intervention is shown as being done by Americans instead?
Well it's the same, apart from substitute people like Rich Lillicrap for the Brits and some of our board for the Americans.
Perhaps something like that ?? ;-)
Apologies to Dav - this post isn't remotely anti American, just a summary of Hollywood's penchant for rewriting history at times ! | | | |
| A million quid for the shareholders It's official! on 14:42 - Nov 4 with 980 views | Uxbridge |
| A million quid for the shareholders It's official! on 14:30 - Nov 4 by _ |
Simply because they have been worrying that expanding the stadium would be a complete waste of profit - and it wouldn't pay off....
Or perhaps more pertinently, it would take too long to see the real benefit (if any) in terms of more revenue and they didn't want to wait that long sitting on £m's of shares?! |
I dunno. I've always bought in to the logic that Fairwood and Landore were more important projects to start with.
The interesting question for me is whether the lack of cash in the bank to build the extension would be part of the narrative going forward. Will the current board say they've taken the club as far as they can? |  |
| |
| A million quid for the shareholders It's official! on 14:44 - Nov 4 with 969 views | Uxbridge |
| A million quid for the shareholders It's official! on 14:40 - Nov 4 by londonlisa2001 |
I haven't seen the film but let me guess...
You know when there's a film released about an historical event which in reality has seen British soldiers do something extraordinary and heroic. But in the Hollywood version that heroic intervention is shown as being done by Americans instead?
Well it's the same, apart from substitute people like Rich Lillicrap for the Brits and some of our board for the Americans.
Perhaps something like that ?? ;-)
Apologies to Dav - this post isn't remotely anti American, just a summary of Hollywood's penchant for rewriting history at times ! |
You should watch the film. It is very good. Completely made up in parts, but good nonetheless. | |
| |
| A million quid for the shareholders It's official! on 14:47 - Nov 4 with 957 views | _ |
| A million quid for the shareholders It's official! on 14:40 - Nov 4 by londonlisa2001 |
I haven't seen the film but let me guess...
You know when there's a film released about an historical event which in reality has seen British soldiers do something extraordinary and heroic. But in the Hollywood version that heroic intervention is shown as being done by Americans instead?
Well it's the same, apart from substitute people like Rich Lillicrap for the Brits and some of our board for the Americans.
Perhaps something like that ?? ;-)
Apologies to Dav - this post isn't remotely anti American, just a summary of Hollywood's penchant for rewriting history at times ! |
Hee hee...
Yep, something like that.... Good ol' Rich. | |
| |
| A million quid for the shareholders It's official! on 14:48 - Nov 4 with 951 views | londonlisa2001 |
| A million quid for the shareholders It's official! on 14:44 - Nov 4 by Uxbridge |
You should watch the film. It is very good. Completely made up in parts, but good nonetheless. |
yes I will as soon as it is out on dvd. The dates didn't work that well for me when it was in London and I didn't have a particular desire to see it (or not enough for me to rearrange other stuff). | | | |
| A million quid for the shareholders It's official! on 14:48 - Nov 4 with 949 views | Phil_S |
I sniff a few book sales in this thread - PM me for details!
Hell I will even devalue them and sign them! |  | | |
| A million quid for the shareholders It's official! on 14:49 - Nov 4 with 948 views | _ |
| A million quid for the shareholders It's official! on 14:42 - Nov 4 by Uxbridge |
I dunno. I've always bought in to the logic that Fairwood and Landore were more important projects to start with.
The interesting question for me is whether the lack of cash in the bank to build the extension would be part of the narrative going forward. Will the current board say they've taken the club as far as they can? |
Also, And... who "owns" Landore? And Fairwood, what is that, long term lease? | |
| |
| A million quid for the shareholders It's official! on 14:50 - Nov 4 with 945 views | _ |
| A million quid for the shareholders It's official! on 14:48 - Nov 4 by Phil_S |
I sniff a few book sales in this thread - PM me for details!
Hell I will even devalue them and sign them! |
In true spirit of this thread Sumble Bee....
Who profits from this book....?? ;-) | |
| |
| A million quid for the shareholders It's official! on 14:51 - Nov 4 with 939 views | _ |
| A million quid for the shareholders It's official! on 14:48 - Nov 4 by Phil_S |
I sniff a few book sales in this thread - PM me for details!
Hell I will even devalue them and sign them! |
Oh and send one to my address then... I'll Paypal you the money (discounted of course) ;-) | |
| |
| A million quid for the shareholders It's official! on 14:51 - Nov 4 with 936 views | londonlisa2001 |
| A million quid for the shareholders It's official! on 14:48 - Nov 4 by Phil_S |
I sniff a few book sales in this thread - PM me for details!
Hell I will even devalue them and sign them! |
It's that sort of profiteering that is causing the current unrest ;-) | | | |
| A million quid for the shareholders It's official! on 14:56 - Nov 4 with 923 views | Uxbridge |
| A million quid for the shareholders It's official! on 14:49 - Nov 4 by _ |
Also, And... who "owns" Landore? And Fairwood, what is that, long term lease? |
Leasehold I believe, but as long as makes no odds. All in the clubs name. | |
| |
| A million quid for the shareholders It's official! on 14:57 - Nov 4 with 922 views | MoscowJack |
| A million quid for the shareholders It's official! on 14:35 - Nov 4 by jackonicko |
All of us have tipping points. As admitted elsewhere on here, I let my trust subsciption lapse as I was frustrated by the change in ethos at club board level. My personal tipping point was the introduction of the early season ticket renewal in the first year of the PL.
It felt greedy - it smacked of "lets get some money out of the fans who will be forced to buy on the hope of a second year in the Premier League" and we'll keep season ticket numbers high if we do get relegated. It was predicated on the fear you would otherwise miss out on year 2 if you didn't renew, as season tickets were oversubscribed.
By the fans, for the fans? As a long term season holder since the Vetch, I was annoyed at being held over a barrel to renew just months into our first year in the Premier League. And the trust promised, but never made, a statement.
However, these are "first world" problems. The trust is critical to represent the fans views on the current and future ownership of our club. A model that has delivered unexpected and unparalleled success. Which is why I have rejoined and would urge everyone else to do the same.
Shareholding percentages etc are important. But don't underestimate the negotiating power that is delivered through a sizeable mandate from the fanbase.
Pay a tenner, join the trust, have a voice. And then use that voice. |
I wasn't really surprised about that, to be honest. I understood that idea.
I was more annoyed by the timing - wasn't it just before or just after Christmas when most of the Swansea public would be skint? That seems like a sick thing to do.
My personal tipping point came when something so simple was done - the "Three For The Price of Three Bargain Bundle". So few tickets are available for those who can't afford (or find) a season ticket so what do they do? Make them pay 100% for all 3 up front? Not even a tenner discount coupon for the Club store!
Swansea's not Chelsea - we haven't got the richest fans in the League - it was then that I realised that we were in more need of the Trust than we had been for years.
We should have seen the signs.
The only thing we can trust is the Trust. | |
| |
| A million quid for the shareholders It's official! on 15:05 - Nov 4 with 909 views | londonlisa2001 |
| A million quid for the shareholders It's official! on 14:57 - Nov 4 by MoscowJack |
I wasn't really surprised about that, to be honest. I understood that idea.
I was more annoyed by the timing - wasn't it just before or just after Christmas when most of the Swansea public would be skint? That seems like a sick thing to do.
My personal tipping point came when something so simple was done - the "Three For The Price of Three Bargain Bundle". So few tickets are available for those who can't afford (or find) a season ticket so what do they do? Make them pay 100% for all 3 up front? Not even a tenner discount coupon for the Club store!
Swansea's not Chelsea - we haven't got the richest fans in the League - it was then that I realised that we were in more need of the Trust than we had been for years.
We should have seen the signs.
The only thing we can trust is the Trust. |
mine was when they increased the cost of a category A match to £45 from £35.
It is a ridiculous price and if one of our family seasons isn't available on those games (eg. Sunday) I won't pay it. I could do - but I refuse to as I think it's a complete scandal. | | | |
| A million quid for the shareholders It's official! on 15:07 - Nov 4 with 903 views | monmouth |
Yes, don't anyone get confused between cash and profit. Expansion would only affect future profit in depreciation, which given the life of the project would be unlikely to have a big impact. Previous profits just represent investment in assets such as fairwood etc unless we are sitting on a cashpile which I very much doubt (can't remember the accounts figures sorry).
More relevant question probably is, do we have the future cashflow to do it and maintain player purchases and day to day wage bill and the cash dividends (there's no dig there - those are tiny compared to the other elements, but it all comes out of cashflow). If not, I'm still not seeing why we cant do what any other business would do; increase medium term gearing from near zero with a sustainable repayment.....coupon would currently surely be very low?...and then cut our cloth on wages etc depending on our league position. No Yanks (sorry Dav), fixed payment returns, continued dividend streams and riches in any rationally measurable context(if Board strategies are successful).
Riskier and harder than just bailing out for much greater riches of course, but then, as they keep saying, they are fans with the good of the club at heart, so moderate riches are surely sufficient (this is the real crux of course).
Plus, the next set of accounts might well paint a bleaker situation than we are assuming, but that would surely take some slightly lax financial management given the transfers out and, naturally, would surely have impacted the decision to pay a dividend being so recent (again, just for clarification, no criticism implied per se). [Post edited 4 Nov 2014 15:14]
|  |
| |
| A million quid for the shareholders It's official! on 15:08 - Nov 4 with 897 views | _ |
| A million quid for the shareholders It's official! on 14:56 - Nov 4 by Uxbridge |
Leasehold I believe, but as long as makes no odds. All in the clubs name. |
Therefore those projects would have more interest to an investor as opposed an [expanded] stadium owned by a council?! | |
| |
| A million quid for the shareholders It's official! on 15:10 - Nov 4 with 888 views | Uxbridge |
| A million quid for the shareholders It's official! on 15:07 - Nov 4 by monmouth |
Yes, don't anyone get confused between cash and profit. Expansion would only affect future profit in depreciation, which given the life of the project would be unlikely to have a big impact. Previous profits just represent investment in assets such as fairwood etc unless we are sitting on a cashpile which I very much doubt (can't remember the accounts figures sorry).
More relevant question probably is, do we have the future cashflow to do it and maintain player purchases and day to day wage bill and the cash dividends (there's no dig there - those are tiny compared to the other elements, but it all comes out of cashflow). If not, I'm still not seeing why we cant do what any other business would do; increase medium term gearing from near zero with a sustainable repayment.....coupon would currently surely be very low?...and then cut our cloth on wages etc depending on our league position. No Yanks (sorry Dav), fixed payment returns, continued dividend streams and riches in any rationally measurable context(if Board strategies are successful).
Riskier and harder than just bailing out for much greater riches of course, but then, as they keep saying, they are fans with the good of the club at heart, so moderate riches are surely sufficient (this is the real crux of course).
Plus, the next set of accounts might well paint a bleaker situation than we are assuming, but that would surely take some slightly lax financial management given the transfers out and, naturally, would surely have impacted the decision to pay a dividend being so recent (again, just for clarification, no criticism implied per se). [Post edited 4 Nov 2014 15:14]
|
Aye. It's clear will need to borrow to extend the stadium. I don't see why we can't do that within the existing structure though. Maybe not easier, but still. | |
| |
| |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
