| Trust Statement regarding potential takeover of Swansea City Football Club on 00:57 - Apr 14 with 3354 views | SwansNZ |
| Trust Statement regarding potential takeover of Swansea City Football Club on 00:38 - Apr 14 by UplandsJack |
Coming at it from another angle, what if the trust offered to repay the £4 million to the fans that LOANED (interest free of course) it to them. It may take a few years of dividend pay outs but im sure it could be do able. That way you could loan more than say £400 if you could afford to. Id happily lend say £3k, maybe even £4k on those terms.
Just an idea anyway. |
As has been said, even getting to 25% would not stop a possible further issue of shares, so the trust holding would be diluted unless they take up the option of buying 25% of the extra shares — that would mean you’d need to find an additional £x million, which won’t happen.
If I have read and understood things correctly. [Post edited 14 Apr 2016 1:10]
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| Trust Statement regarding potential takeover of Swansea City Football Club on 01:07 - Apr 14 with 3343 views | Starsky |
| Trust Statement regarding potential takeover of Swansea City Football Club on 00:57 - Apr 14 by SwansNZ |
As has been said, even getting to 25% would not stop a possible further issue of shares, so the trust holding would be diluted unless they take up the option of buying 25% of the extra shares — that would mean you’d need to find an additional £x million, which won’t happen.
If I have read and understood things correctly. [Post edited 14 Apr 2016 1:10]
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Well it wouldn't be dilated... Fact |  |
| It's just the internet, init. |
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| Trust Statement regarding potential takeover of Swansea City Football Club on 01:09 - Apr 14 with 3343 views | UplandsJack |
| Trust Statement regarding potential takeover of Swansea City Football Club on 00:57 - Apr 14 by SwansNZ |
As has been said, even getting to 25% would not stop a possible further issue of shares, so the trust holding would be diluted unless they take up the option of buying 25% of the extra shares — that would mean you’d need to find an additional £x million, which won’t happen.
If I have read and understood things correctly. [Post edited 14 Apr 2016 1:10]
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Thanks for that...
So it sounds like we have been well and truely sold down the swanny if this deal goes through then.... |  | | |
| Trust Statement regarding potential takeover of Swansea City Football Club on 01:11 - Apr 14 with 3330 views | SwansNZ |
| Trust Statement regarding potential takeover of Swansea City Football Club on 01:07 - Apr 14 by Starsky |
Well it wouldn't be dilated... Fact |
No idea what you're talking about  | |
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| Trust Statement regarding potential takeover of Swansea City Football Club on 01:11 - Apr 14 with 3330 views | UplandsJack |
If the trust sold its shares. Is there a time limit on how long they can cocoon the money for before they have to basically give it away? | | | |
| Trust Statement regarding potential takeover of Swansea City Football Club on 01:15 - Apr 14 with 3337 views | Starsky |
| Trust Statement regarding potential takeover of Swansea City Football Club on 01:11 - Apr 14 by SwansNZ |
No idea what you're talking about |
Haha | |
| It's just the internet, init. |
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| Trust Statement regarding potential takeover of Swansea City Football Club on 07:49 - Apr 14 with 3228 views | dougie |
| Trust Statement regarding potential takeover of Swansea City Football Club on 15:17 - Apr 13 by Flashberryjack |
You're right, they won't asset strip us whilst we're in the premiere League.....they will just milk it until we're not, then asset strip. |
They would be really stupid to milk it and go down where it would be worthless. What asset stripping are they going to do. ? ( Forget the 130 million coming in. Massive lump of that is paid to contractual players and all other costs. They need to run the business properly otherwiise they go down and it's worth nothing )
Landore - worth a few 100,000 at best. The council will have placed covernants on it so it can only be used for sport. ( no selling land for housing ) so who is going to buy it ? Perhaps landore fc ?.
Players - they would be imbeciles to sell all the players as they need to stay in the premier league. They are paying 100 mill. They won't get anywhere near to that if the sold the whole squad.
Asset strippers generally come looking for wounded companies, picking them up for nothing, stripping out the best bits and leaving the rest to rot. We are not a wounded company. Far from it and are in fact a company that given they right investment maybe can continue upwards - then they will sell it on and make their money. |  | | |
| Trust Statement regarding potential takeover of Swansea City Football Club on 07:58 - Apr 14 with 3214 views | dougie |
| Trust Statement regarding potential takeover of Swansea City Football Club on 22:34 - Apr 13 by morningstar |
In fairness i think Fireboy meant if we got relegated. What do you think they would do if we got relegated?
1. Invest, and retain our best players to ensure an immediate return?
2. Sell everything they can get their hands on to recoup their investment? |
Playing Devils advocate.
What would we do now if we were relegated ? We have no financial backer to cover the outgoings as we try to sell as many players as we can to balance the books. The difference in income between premier league and championship must be 50 mill ( after taking into account the parachute payments ) You lose that straight away yet may take months selling players. The club in the meantime can't pay wages.
If villa Sunderland and Newcastle go down they have the owners to plug the gap whilst they try and off load players etc to balance the books. They will do that to try and save the money they have already invested. Tan did it at Cardiff. He had no choice. If it happens to us we do not have said funds to bridge the gap. | | | |
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| Trust Statement regarding potential takeover of Swansea City Football Club on 08:15 - Apr 14 with 3198 views | jojaca |
| Trust Statement regarding potential takeover of Swansea City Football Club on 07:58 - Apr 14 by dougie |
Playing Devils advocate.
What would we do now if we were relegated ? We have no financial backer to cover the outgoings as we try to sell as many players as we can to balance the books. The difference in income between premier league and championship must be 50 mill ( after taking into account the parachute payments ) You lose that straight away yet may take months selling players. The club in the meantime can't pay wages.
If villa Sunderland and Newcastle go down they have the owners to plug the gap whilst they try and off load players etc to balance the books. They will do that to try and save the money they have already invested. Tan did it at Cardiff. He had no choice. If it happens to us we do not have said funds to bridge the gap. |
We have relegation clauses in players contracts. |  |
| Even when you know, you never know? |
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| Trust Statement regarding potential takeover of Swansea City Football Club on 08:28 - Apr 14 with 3186 views | dougie |
| Trust Statement regarding potential takeover of Swansea City Football Club on 08:15 - Apr 14 by jojaca |
We have relegation clauses in players contracts. |
So we are told. They may only be 10% . They wouldn't knock 50 mill off the wage bill that's for sure.
Also.
Look at qpr. Due to the fact the owner had the money there was no fire sale. He could therefore afford and wait for the right offers to come in for playes rather than sell cheap . We probably couldn't afford to do that and would be offloading for what ever price we could get to balance the books. | | | |
| Trust Statement regarding potential takeover of Swansea City Football Club on 08:44 - Apr 14 with 3165 views | jojaca |
| Trust Statement regarding potential takeover of Swansea City Football Club on 08:28 - Apr 14 by dougie |
So we are told. They may only be 10% . They wouldn't knock 50 mill off the wage bill that's for sure.
Also.
Look at qpr. Due to the fact the owner had the money there was no fire sale. He could therefore afford and wait for the right offers to come in for playes rather than sell cheap . We probably couldn't afford to do that and would be offloading for what ever price we could get to balance the books. |
Huw Jenkins was on some program on sky sports a couple of years ago with the Stoke chairman and I am sure he said players will have 50% decrease in wages if we got relegated. | |
| Even when you know, you never know? |
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| Trust Statement regarding potential takeover of Swansea City Football Club on 09:41 - Apr 14 with 3122 views | johnlangy |
| Trust Statement regarding potential takeover of Swansea City Football Club on 00:57 - Apr 14 by SwansNZ |
As has been said, even getting to 25% would not stop a possible further issue of shares, so the trust holding would be diluted unless they take up the option of buying 25% of the extra shares — that would mean you’d need to find an additional £x million, which won’t happen.
If I have read and understood things correctly. [Post edited 14 Apr 2016 1:10]
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As far as I understood it they need 75.1% voting rights to make a share issue which would dilute the Trust's share percentage. If the Trust owned 25.1% they couldn't do it because the Trust could block it. | | | |
| Trust Statement regarding potential takeover of Swansea City Football Club on 11:10 - Apr 14 with 3062 views | Clinton |
| Trust Statement regarding potential takeover of Swansea City Football Club on 09:41 - Apr 14 by johnlangy |
As far as I understood it they need 75.1% voting rights to make a share issue which would dilute the Trust's share percentage. If the Trust owned 25.1% they couldn't do it because the Trust could block it. |
Anyone interested in all this percentages stuff should read this thread
http://www.fansnetwork.co.uk/football/swanseacity/forum/169754/the-purpose-of-th |  |
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With sixty seconds' worth of distance run,
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| Trust Statement regarding potential takeover of Swansea City Football Club on 12:35 - Apr 14 with 2999 views | Nookiejack |
| Trust Statement regarding potential takeover of Swansea City Football Club on 07:58 - Apr 14 by dougie |
Playing Devils advocate.
What would we do now if we were relegated ? We have no financial backer to cover the outgoings as we try to sell as many players as we can to balance the books. The difference in income between premier league and championship must be 50 mill ( after taking into account the parachute payments ) You lose that straight away yet may take months selling players. The club in the meantime can't pay wages.
If villa Sunderland and Newcastle go down they have the owners to plug the gap whilst they try and off load players etc to balance the books. They will do that to try and save the money they have already invested. Tan did it at Cardiff. He had no choice. If it happens to us we do not have said funds to bridge the gap. |
The value of our squad is currently estimated to be £80m - if you take £6m for Leroy Fer out of the attached.
http://www.transfermarkt.co.uk/swansea-city/kader/verein/2288/saison_id/2015#ath
Value of squad likely to now have increased - given we now have guaranteed safety.
Yes if we were relegated likely that valued will be less than £80m - but would not be worthless.
Our income under new deal - likely to increase from £100m to say £130m and profitability should go up in short term - until players salaries catch up for the new deal - as contracts are renegotiated / extended.
These Venture Capitalists are not planning to asset strip in my view - want to polish up the club - tidy up shareholdings owning 75% of club going forward - hoping for even increased TV money say in 3 years time - then flipping the club on.
The question is if we get relegated. Current owners would probably stick with it and try and rebuild. Not sure Venture Capitalists will. Easy then to sell players off, replace them with youth team players on £100 a week contracts and bank parachute money. Dependent on the rules of their VC fund (where they get their money to finance deal) - will have to earn certain return in certain period of time. I think they call it Internal Rate of Return - which is driven by not only profit but time.
That's why you can see certain scenarios where they start the stadium expansion - we get relegated - they sell off players and bank parachute money and stadium expansion remains unfinished. | | | |
| Trust Statement regarding potential takeover of Swansea City Football Club on 15:23 - Apr 14 with 2883 views | longlostjack |
| Trust Statement regarding potential takeover of Swansea City Football Club on 12:35 - Apr 14 by Nookiejack |
The value of our squad is currently estimated to be £80m - if you take £6m for Leroy Fer out of the attached.
http://www.transfermarkt.co.uk/swansea-city/kader/verein/2288/saison_id/2015#ath
Value of squad likely to now have increased - given we now have guaranteed safety.
Yes if we were relegated likely that valued will be less than £80m - but would not be worthless.
Our income under new deal - likely to increase from £100m to say £130m and profitability should go up in short term - until players salaries catch up for the new deal - as contracts are renegotiated / extended.
These Venture Capitalists are not planning to asset strip in my view - want to polish up the club - tidy up shareholdings owning 75% of club going forward - hoping for even increased TV money say in 3 years time - then flipping the club on.
The question is if we get relegated. Current owners would probably stick with it and try and rebuild. Not sure Venture Capitalists will. Easy then to sell players off, replace them with youth team players on £100 a week contracts and bank parachute money. Dependent on the rules of their VC fund (where they get their money to finance deal) - will have to earn certain return in certain period of time. I think they call it Internal Rate of Return - which is driven by not only profit but time.
That's why you can see certain scenarios where they start the stadium expansion - we get relegated - they sell off players and bank parachute money and stadium expansion remains unfinished. |
I agree, in which case it would be better for the Trust to bank the money for that rainy day. |  |
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| Trust Statement regarding potential takeover of Swansea City Football Club on 18:17 - Apr 14 with 2770 views | blueytheblue |
| Trust Statement regarding potential takeover of Swansea City Football Club on 07:58 - Apr 14 by dougie |
Playing Devils advocate.
What would we do now if we were relegated ? We have no financial backer to cover the outgoings as we try to sell as many players as we can to balance the books. The difference in income between premier league and championship must be 50 mill ( after taking into account the parachute payments ) You lose that straight away yet may take months selling players. The club in the meantime can't pay wages.
If villa Sunderland and Newcastle go down they have the owners to plug the gap whilst they try and off load players etc to balance the books. They will do that to try and save the money they have already invested. Tan did it at Cardiff. He had no choice. If it happens to us we do not have said funds to bridge the gap. |
Well, we had to offload players due to having a first team squad of what 38 under Ole. I'd say dropping down to the Championship FFP is more of an issue than anything else.
The disparity between the Prem and all other levels is the biggest problem. | |
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| Trust Statement regarding potential takeover of Swansea City Football Club on 00:32 - Apr 15 with 2430 views | JackFyddin |
It seems one of the main investors (Levien) has a history of meddling in club affairs, botching important transfers, and creating general discord among backroom staff and upheaval within his clubs.
http://www.sportingnews.com/nba-news/4586601-grizzlies-ceo-jason-levien-fired-fr
As for the other guy (Kaplan), he seems to offer his own share of drama to the teams he's involved with:
http://espn.go.com/nba/story/_/id/14964753/delay-minnesota-timberwolves-sale-exp
If this deal goes through, expect more of the same from these guys. I don't trust any of his "assurances" given to the trust either. Without a 25% stake held by the trust, I fully expect the trust to be completely ignored by this consortium, ticket prices to rise drastically, and general upheaval to follow.
Have the casuals not been paying attention to what's been happening with the Dwarves? Well, there's always a bright side - at least Levien doesn't wear his belt around his chest.... |  | | |
| Trust Statement regarding potential takeover of Swansea City Football Club on 02:14 - Apr 15 with 2372 views | Loyal |
| Trust Statement regarding potential takeover of Swansea City Football Club on 09:48 - Apr 12 by MoscowJack |
You're both right that the Board got scared of losing the geese that lays the golden eggs but this deal would only make sense if it was agreed and signed BEFORE we got to 40 points.
Now it should be worth 50% more....or even more than that! |
So why did they mismanage the manager situation so badly ( IMO ) and other off field matters which could have seen the club relegated ? If it is so important I am surprised they didn't throw their tits at it to ensure their wealth wasn't affected ? To me it seems they didn't. |  |
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| Trust Statement regarding potential takeover of Swansea City Football Club on 06:34 - Apr 15 with 2330 views | dobjack2 |
| Trust Statement regarding potential takeover of Swansea City Football Club on 02:14 - Apr 15 by Loyal |
So why did they mismanage the manager situation so badly ( IMO ) and other off field matters which could have seen the club relegated ? If it is so important I am surprised they didn't throw their tits at it to ensure their wealth wasn't affected ? To me it seems they didn't. |
Complacency- The best squad that we have ever had, coming off the back of our best premier league placing? Letting the playing side look after itself whilst they basked in their propaganda film? Too busy looking to sell out? Who knows?
I read a reference to the satirical novel animal farm in another thread. A story whereby the animals on the farm got rid of the evil man who owned the farm and the pigs took over the running of the farm on behalf of the other animals. At the end of the book, when the other animals had a good look they couldn't tell the difference between the pigs and the men who ran other farms. | | | |
| Trust Statement regarding potential takeover of Swansea City Football Club on 06:35 - Apr 15 with 2326 views | Watchman |
| Trust Statement regarding potential takeover of Swansea City Football Club on 02:14 - Apr 15 by Loyal |
So why did they mismanage the manager situation so badly ( IMO ) and other off field matters which could have seen the club relegated ? If it is so important I am surprised they didn't throw their tits at it to ensure their wealth wasn't affected ? To me it seems they didn't. |
Too busy thinking about their future money |  |
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| Trust Statement regarding potential takeover of Swansea City Football Club on 13:57 - Apr 15 with 2055 views | MoscowJack |
| Trust Statement regarding potential takeover of Swansea City Football Club on 02:14 - Apr 15 by Loyal |
So why did they mismanage the manager situation so badly ( IMO ) and other off field matters which could have seen the club relegated ? If it is so important I am surprised they didn't throw their tits at it to ensure their wealth wasn't affected ? To me it seems they didn't. |
Blind panic, maybe?
Make sense now why some Directors were willing to look at some options whilst others weren't. Some knew about the sale, others didn't. | |
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| Trust Statement regarding potential takeover of Swansea City Football Club on 14:07 - Apr 15 with 2033 views | DafyddHuw |
| Trust Statement regarding potential takeover of Swansea City Football Club on 06:34 - Apr 15 by dobjack2 |
Complacency- The best squad that we have ever had, coming off the back of our best premier league placing? Letting the playing side look after itself whilst they basked in their propaganda film? Too busy looking to sell out? Who knows?
I read a reference to the satirical novel animal farm in another thread. A story whereby the animals on the farm got rid of the evil man who owned the farm and the pigs took over the running of the farm on behalf of the other animals. At the end of the book, when the other animals had a good look they couldn't tell the difference between the pigs and the men who ran other farms. |
Last season's squad wasn't anywhere near the best we've ever had -no Pablo, no JdG, no Michu, no Wilf. |  | | |
| Trust Statement regarding potential takeover of Swansea City Football Club on 15:39 - Apr 15 with 1970 views | dobjack2 |
| Trust Statement regarding potential takeover of Swansea City Football Club on 14:07 - Apr 15 by DafyddHuw |
Last season's squad wasn't anywhere near the best we've ever had -no Pablo, no JdG, no Michu, no Wilf. |
But that's what the manager said at the start of the season | | | |
| Trust Statement regarding potential takeover of Swansea City Football Club on 15:55 - Apr 15 with 1947 views | Dr_Winston |
| Trust Statement regarding potential takeover of Swansea City Football Club on 15:39 - Apr 15 by dobjack2 |
But that's what the manager said at the start of the season |
He learned how to bullshit from the best. |  |
| 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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| Trust Statement regarding potential takeover of Swansea City Football Club on 16:33 - Apr 15 with 1875 views | Swanseajill |
| Trust Statement regarding potential takeover of Swansea City Football Club on 00:32 - Apr 15 by JackFyddin |
It seems one of the main investors (Levien) has a history of meddling in club affairs, botching important transfers, and creating general discord among backroom staff and upheaval within his clubs.
http://www.sportingnews.com/nba-news/4586601-grizzlies-ceo-jason-levien-fired-fr
As for the other guy (Kaplan), he seems to offer his own share of drama to the teams he's involved with:
http://espn.go.com/nba/story/_/id/14964753/delay-minnesota-timberwolves-sale-exp
If this deal goes through, expect more of the same from these guys. I don't trust any of his "assurances" given to the trust either. Without a 25% stake held by the trust, I fully expect the trust to be completely ignored by this consortium, ticket prices to rise drastically, and general upheaval to follow.
Have the casuals not been paying attention to what's been happening with the Dwarves? Well, there's always a bright side - at least Levien doesn't wear his belt around his chest.... |
But we are told that these two ( although they are buying some shares) are front men representing bigger fish. |  | | |
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