| What happened at the Trust in July 2021? 12:17 - Jun 2 with 9279 views | Swandefaidest |
Hard to understand why Andrew Godden as Chairman and Stewart McDonald as Supporter Rep both walked away from their Trust roles in July 2021? This was when the Trust was, according to their message last June, on the brink of taking legal action and things would soon start to move quickly. The decision facing the Trust board was probably the biggest decision of the Trust existence, after the non-decisions in 2015/16 before and after the club was sold. Them walking away at that moment is hard to understand as leaders don't walk away at critically important moments without good reasons?
Maybe they didn’t have the stomach to be part of taking legal action when things were obviously going to get rough and destabilise the club? Once legal action started, the perks of being Trust officers like Directors Box access on matchdays would surely have ended.
Maybe they knew that the legal case was flawed and not supported by the rest of the Board, and wanted to get out of dodge and blame the remaining board whilst trying to preserve their own reputations and legacies? (interestingly we are now told the Trust did not have funding and insurance properly lined up last summer).
Maybe they didn’t want to spend more personal time on the Trust? This is understandable, but seems unlikely for Andrew Godden as he has since spent hundreds of hours writing essays and continuously slating Dave Dalton and the people who did have the courage to carry on and finally deal with this 6 year long debacle. Stewart McDonald has been as publically silent since leaving the board as he was when Supporter Rep, so no clues there.
Maybe they have some personal issues to deal with - in which case I am sorry for them and wish them well. This is hard to see in the case of Andrew Godden as you would normally expect this to lead to an injection of empathy rather than what looks like an obsession with criticising everything the current Trust board does, giving and stirring up abuse with his own version of events, and acting as if he is still chairman from the peanut gallery. If this is the situation for either of them lets hope they can get any help and professional support they need.
All hard to understand but hey ho. |  | | |  |
| What happened at the Trust in July 2021? on 20:46 - Jun 5 with 1628 views | waynekerr55 |
| What happened at the Trust in July 2021? on 19:45 - Jun 5 by onehunglow |
ey ooop.
Not everyone can afford to fly in Italian sculptors to design your new bliddy kitchen,nor to utilise the very best Italian marble for your worktops.
Have some respect ,mun. [Post edited 5 Jun 2022 19:47]
|
I don't know what happened with that conversation last night. Something got lost in translation as I enjoyed Andy Cole's old posts about being knee deep in clunge. Something is awry |  |
| |
| What happened at the Trust in July 2021? on 20:48 - Jun 5 with 1614 views | onehunglow |
| What happened at the Trust in July 2021? on 20:46 - Jun 5 by waynekerr55 |
I don't know what happened with that conversation last night. Something got lost in translation as I enjoyed Andy Cole's old posts about being knee deep in clunge. Something is awry |
We paid good money for our Kitchen tiles. | |
| |
| What happened at the Trust in July 2021? on 21:44 - Jun 5 with 1585 views | waynekerr55 |
| What happened at the Trust in July 2021? on 20:48 - Jun 5 by onehunglow |
We paid good money for our Kitchen tiles. |
I know. The area formerly known as the vestibule needs tiling so that hopefully starts in earnest this week. Self levelling and a tiny bit of plyboarding needed, plus painting | |
| |
| What happened at the Trust in July 2021? on 08:43 - Jun 6 with 1508 views | Lorax |
| What happened at the Trust in July 2021? on 21:44 - Jun 5 by waynekerr55 |
I know. The area formerly known as the vestibule needs tiling so that hopefully starts in earnest this week. Self levelling and a tiny bit of plyboarding needed, plus painting |
Vestibule? Well our hypocaust needs a complete rebuild and our observatory is little more than a hole in the roof now. All that and we're struggling to afford to refill the Olympic sized swimming pool too.
Seeing as the trust didn't pay for the legal action, could they bung me a few quid? | | | |
| What happened at the Trust in July 2021? on 10:22 - Jun 6 with 1470 views | waynekerr55 |
| What happened at the Trust in July 2021? on 08:43 - Jun 6 by Lorax |
Vestibule? Well our hypocaust needs a complete rebuild and our observatory is little more than a hole in the roof now. All that and we're struggling to afford to refill the Olympic sized swimming pool too.
Seeing as the trust didn't pay for the legal action, could they bung me a few quid? |
I should be so lucky 😂 | |
| |
| What happened at the Trust in July 2021? on 11:06 - Jun 6 with 1440 views | KeithHaynes |
This post has been edited by an administrator |  |
| |
| What happened at the Trust in July 2021? on 13:13 - Jun 6 with 1368 views | onehunglow |
| What happened at the Trust in July 2021? on 21:44 - Jun 5 by waynekerr55 |
I know. The area formerly known as the vestibule needs tiling so that hopefully starts in earnest this week. Self levelling and a tiny bit of plyboarding needed, plus painting |
Vestibule.
Now you ve truly done it.
AC is going to rip into you.
Brace yourself Sheila | |
| |
| What happened at the Trust in July 2021? on 15:51 - Jun 6 with 1315 views | Chief |
Resloven still parroting absolute nonsense yet again I see.
The trust demonstrably were open to selling
This is a fact. As soon as they found out about the sale they informed the sellouts they wanted to be involved. This is public knowledge. It's also public knowledge the trust were prepared to go to court to sell their shares.
How you can gleam from that they didn't want to sell is truly baffling. Its also contradictory to suggest that experienced inbestors would simply assume that the trust wouldn't want to sell and then not bother carrying out due diligence and asking is just preposterous.
They sellouts were scared the trust would ask too many awkward questions and scare the Americans off. They've alluded to this themselves (recorded on camera) |  |
| |
Login to get fewer ads
| What happened at the Trust in July 2021? on 16:28 - Jun 6 with 1295 views | vetchonian |
Isnt it time to move on ......it is what it is now...
The sale by the sellouts is history....the selling out by the Trust is what is it is all a big mess but we are where we are
Obviously this was a rant with a personal issue but at the end of the day I take my hat off to anyone who voluntarily performs roles such as these and I knoe from experience yo get slated by those who are not happy to do the job thremselves but are are happy to sling mud and rocks when things go wrong.
For me I was anti legal action originally beleiveing we were better at the table but I changed my mind when no deal seemed to be possible....annoyed at how the new board have "sold out" but to be honest thre Trust was scuppered when the sellouts osld back in 2016.
We are where we are and cannot change it now....its time for the personal stuff to stop surely.
We need to adopt the FAW mantra "togrther stronger" I fear there are some desperate times coming for us maybe not as bad as we have seen in the past but things are not as rosy as they were 10 years ago.... | |
| |
| What happened at the Trust in July 2021? on 17:16 - Jun 6 with 1271 views | ReslovenSwan1 |
| What happened at the Trust in July 2021? on 16:28 - Jun 6 by vetchonian |
Isnt it time to move on ......it is what it is now...
The sale by the sellouts is history....the selling out by the Trust is what is it is all a big mess but we are where we are
Obviously this was a rant with a personal issue but at the end of the day I take my hat off to anyone who voluntarily performs roles such as these and I knoe from experience yo get slated by those who are not happy to do the job thremselves but are are happy to sling mud and rocks when things go wrong.
For me I was anti legal action originally beleiveing we were better at the table but I changed my mind when no deal seemed to be possible....annoyed at how the new board have "sold out" but to be honest thre Trust was scuppered when the sellouts osld back in 2016.
We are where we are and cannot change it now....its time for the personal stuff to stop surely.
We need to adopt the FAW mantra "togrther stronger" I fear there are some desperate times coming for us maybe not as bad as we have seen in the past but things are not as rosy as they were 10 years ago.... |
If the Trust wanted to sell it would have said these words. "Our shares are up for sale". They did not want to sell. The members were content to leave thing to their elected representatives and did not ask awkward questions of a failed strategy. (getting to 25% holding).
All is not lost by any means. Those saying their holding was "worthless" are worthy of contempt. It is a basic lie.
If Swansea return to the Premier league their holding will be worth £30m as long as they can sell the golden 5%. This is £10m more than in 2016 and £20m more than a notioanl win in court. It is inflation. Burnley bingo.
The Trusts problem is it has no ideal what to do with the money if they had it. They is a grinding lack of imagination. Someone should be sitting down and thinking. In the absence of that i recommend the use of a business consultant to define pathways within the model rules or even converting out of them. |  |
| |
| What happened at the Trust in July 2021? on 17:39 - Jun 6 with 1258 views | Chief |
| What happened at the Trust in July 2021? on 17:16 - Jun 6 by ReslovenSwan1 |
If the Trust wanted to sell it would have said these words. "Our shares are up for sale". They did not want to sell. The members were content to leave thing to their elected representatives and did not ask awkward questions of a failed strategy. (getting to 25% holding).
All is not lost by any means. Those saying their holding was "worthless" are worthy of contempt. It is a basic lie.
If Swansea return to the Premier league their holding will be worth £30m as long as they can sell the golden 5%. This is £10m more than in 2016 and £20m more than a notioanl win in court. It is inflation. Burnley bingo.
The Trusts problem is it has no ideal what to do with the money if they had it. They is a grinding lack of imagination. Someone should be sitting down and thinking. In the absence of that i recommend the use of a business consultant to define pathways within the model rules or even converting out of them. |
The trust explicitly stated they would sell. Im not sure why you find this fact so impossible to comprehend.
The problem is the prospective buyer evidently didn't want to buy them. They didn't bid for them at the same time as the others, they didn't even bid for them on parity after the trust stated they would sell and then swiftly reneged on the deal. And they were even prepared to go to the expense and trouble of going to court not to buy them!
To any non delusional, unbiased observer it is blatently obvious that the Americans never intended or wanted to buy the trust shares. | |
| |
| What happened at the Trust in July 2021? on 18:13 - Jun 6 with 1231 views | onehunglow |
Never mind the worlocks,what about WAYne's vestibule.
This is a serious middle class issue.
He's probably got a vestry,an orangery,a sunken pool and blags the Lithuanian domestic staff the late lamented warwickhunt uses. | |
| |
| What happened at the Trust in July 2021? on 19:43 - Jun 6 with 1198 views | waynekerr55 |
| What happened at the Trust in July 2021? on 17:39 - Jun 6 by Chief |
The trust explicitly stated they would sell. Im not sure why you find this fact so impossible to comprehend.
The problem is the prospective buyer evidently didn't want to buy them. They didn't bid for them at the same time as the others, they didn't even bid for them on parity after the trust stated they would sell and then swiftly reneged on the deal. And they were even prepared to go to the expense and trouble of going to court not to buy them!
To any non delusional, unbiased observer it is blatently obvious that the Americans never intended or wanted to buy the trust shares. |
As sure as day turns to night, Resolven parrots half truths and many an inverted pyramid of piffle. The only sane reply is "covfefe" | |
| |
| What happened at the Trust in July 2021? on 21:02 - Jun 6 with 1151 views | onehunglow |
| What happened at the Trust in July 2021? on 19:43 - Jun 6 by waynekerr55 |
As sure as day turns to night, Resolven parrots half truths and many an inverted pyramid of piffle. The only sane reply is "covfefe" |
Can you return those Correspondence Course literature I sent you.
I’ve others waiting to join up. | |
| |
| What happened at the Trust in July 2021? on 21:16 - Jun 6 with 1140 views | ReslovenSwan1 |
| What happened at the Trust in July 2021? on 17:39 - Jun 6 by Chief |
The trust explicitly stated they would sell. Im not sure why you find this fact so impossible to comprehend.
The problem is the prospective buyer evidently didn't want to buy them. They didn't bid for them at the same time as the others, they didn't even bid for them on parity after the trust stated they would sell and then swiftly reneged on the deal. And they were even prepared to go to the expense and trouble of going to court not to buy them!
To any non delusional, unbiased observer it is blatently obvious that the Americans never intended or wanted to buy the trust shares. |
Selling is not easy. This is why salesmen are well paid and football clubs employ agents who take big cuts. Trust people do not seem to understand this concept. When a deal was close in 2017 two chairmen resigned in the face of objections. The buyer had had enough and walked blaming them.
They failed to sell and chose to go to court and failed to go to court after 6 years the last 3 years with announcements of the case being close. You were telling me the case was close when in fact the Trust had been discussing effectively settlement terms for two or three months. It is you that are deluded. You have been sold a pup. | |
| |
| What happened at the Trust in July 2021? on 21:58 - Jun 6 with 1108 views | Chief |
| What happened at the Trust in July 2021? on 21:16 - Jun 6 by ReslovenSwan1 |
Selling is not easy. This is why salesmen are well paid and football clubs employ agents who take big cuts. Trust people do not seem to understand this concept. When a deal was close in 2017 two chairmen resigned in the face of objections. The buyer had had enough and walked blaming them.
They failed to sell and chose to go to court and failed to go to court after 6 years the last 3 years with announcements of the case being close. You were telling me the case was close when in fact the Trust had been discussing effectively settlement terms for two or three months. It is you that are deluded. You have been sold a pup. |
- selling in the situation was nigh on impossible with a prospective buyer who was demonstrably intent on not buying the shares and fellow shareholders conspiring away who were determined not to include the trust to the point that they were prepared to override things such as the SHA which should have provided safeguards. What trust chairman did was irrelevant to the Americans, all organisations have disagreements. The Americans swiftly changed the terms and then withdrew their offer - which wasn't even equal to what the sellouts got. The difficulty of selling anything is a complete red herring.
- I was saying I yat the trusy were telling the members. We had no reason to doubt them. Unfortunately yes the board did sell all the members pups by lying to us and withholding information. | |
| |
| What happened at the Trust in July 2021? on 23:41 - Jun 6 with 1069 views | Lorax |
| What happened at the Trust in July 2021? on 21:58 - Jun 6 by Chief |
- selling in the situation was nigh on impossible with a prospective buyer who was demonstrably intent on not buying the shares and fellow shareholders conspiring away who were determined not to include the trust to the point that they were prepared to override things such as the SHA which should have provided safeguards. What trust chairman did was irrelevant to the Americans, all organisations have disagreements. The Americans swiftly changed the terms and then withdrew their offer - which wasn't even equal to what the sellouts got. The difficulty of selling anything is a complete red herring.
- I was saying I yat the trusy were telling the members. We had no reason to doubt them. Unfortunately yes the board did sell all the members pups by lying to us and withholding information. |
This is still the OP's one and only post but Resloven is all over this thread.
I remember asking him to not hijack another thread and to start his own if he wanted to talk about this stuff even more...and more.....and more....very nice of somebody who's never posted before or since to start a thread for him.
I'm going for a bit of sarcastic irony here but, does anybody think I should change the subject and try to hijack the thread?
How the feck did Bojo win that vote?
Has anyone put in a bid for Piroe or Obafemi yet?
Who's off to Qatar? | | | |
| What happened at the Trust in July 2021? on 00:25 - Jun 7 with 1056 views | Treforys_Jack |
| What happened at the Trust in July 2021? on 23:41 - Jun 6 by Lorax |
This is still the OP's one and only post but Resloven is all over this thread.
I remember asking him to not hijack another thread and to start his own if he wanted to talk about this stuff even more...and more.....and more....very nice of somebody who's never posted before or since to start a thread for him.
I'm going for a bit of sarcastic irony here but, does anybody think I should change the subject and try to hijack the thread?
How the feck did Bojo win that vote?
Has anyone put in a bid for Piroe or Obafemi yet?
Who's off to Qatar? |
There is a lot going on at the moment cat, there's a thread on PS related to it also. I don't pretend to know what's really going on to be honest. You're spot on though, it was really nice of the new poster to tee up res, and he's had a field day fair play, at least its all on one thread .............. for now !!!! |  | | |
| What happened at the Trust in July 2021? on 12:27 - Jun 7 with 928 views | ReslovenSwan1 |
| What happened at the Trust in July 2021? on 21:58 - Jun 6 by Chief |
- selling in the situation was nigh on impossible with a prospective buyer who was demonstrably intent on not buying the shares and fellow shareholders conspiring away who were determined not to include the trust to the point that they were prepared to override things such as the SHA which should have provided safeguards. What trust chairman did was irrelevant to the Americans, all organisations have disagreements. The Americans swiftly changed the terms and then withdrew their offer - which wasn't even equal to what the sellouts got. The difficulty of selling anything is a complete red herring.
- I was saying I yat the trusy were telling the members. We had no reason to doubt them. Unfortunately yes the board did sell all the members pups by lying to us and withholding information. |
The SCST were not keen on selling in 2016 and wanted a free lunch. They wanted to use their leverage to retain their shares and get a pay off by threatening legal action. It was their strategy. They stated in 2016 that selling was "not their preference" and they offered to take 4% shares as part of the deal (a £4m pay off). This was not taken seriously by anyone.
After 4 months of talks to sell, predictably they did not agree to sell any shares and the buyer walked blaming them. They then went for their prefered option of going to court. This got absolutely nowhere with obscene terms required by funders. It required a new board to call a halt.
Instead of the £4m pay off they settled for a £500k pay off but now this is in the championship and dilution awaits and they will lose 6% not gain 4%. All the other shareholders performed much better than them and indeed some of them might be reinvesting to avoid dilution using money gained from selling shares at £1m per 1% to but at £250k per 1%..
The US people were in talks for 4 months in 2017. The deal should have been agree in 2 weeks subject to legal checks. | |
| |
| What happened at the Trust in July 2021? on 13:13 - Jun 7 with 912 views | Chief |
| What happened at the Trust in July 2021? on 12:27 - Jun 7 by ReslovenSwan1 |
The SCST were not keen on selling in 2016 and wanted a free lunch. They wanted to use their leverage to retain their shares and get a pay off by threatening legal action. It was their strategy. They stated in 2016 that selling was "not their preference" and they offered to take 4% shares as part of the deal (a £4m pay off). This was not taken seriously by anyone.
After 4 months of talks to sell, predictably they did not agree to sell any shares and the buyer walked blaming them. They then went for their prefered option of going to court. This got absolutely nowhere with obscene terms required by funders. It required a new board to call a halt.
Instead of the £4m pay off they settled for a £500k pay off but now this is in the championship and dilution awaits and they will lose 6% not gain 4%. All the other shareholders performed much better than them and indeed some of them might be reinvesting to avoid dilution using money gained from selling shares at £1m per 1% to but at £250k per 1%..
The US people were in talks for 4 months in 2017. The deal should have been agree in 2 weeks subject to legal checks. |
- keen or not as you've been told repeatedly they publicly said they'd sell as soon as they found out about the sale. Its surprising that you'd have such little faith in the Americans that they'd not bid for rhe trusts shares on the assumption they wouldn't want to sell. To think any party in a multi million pound transaction is startling. I don't think they'd be that amateurish. (Although they did say they weren't aware of SHA which should have been in the companies articles / on the club books so maybe I'm giving them too much credit).
Ultimately you're deliver acting twp pathetically trying to dig up any excuse (even though the law wouldn't leave room for assumption or ignorance) you can dream up to defend their duplicitous and sneaky behaviour around the sale. | |
| |
| What happened at the Trust in July 2021? on 13:25 - Jun 7 with 908 views | Chief |
| What happened at the Trust in July 2021? on 23:41 - Jun 6 by Lorax |
This is still the OP's one and only post but Resloven is all over this thread.
I remember asking him to not hijack another thread and to start his own if he wanted to talk about this stuff even more...and more.....and more....very nice of somebody who's never posted before or since to start a thread for him.
I'm going for a bit of sarcastic irony here but, does anybody think I should change the subject and try to hijack the thread?
How the feck did Bojo win that vote?
Has anyone put in a bid for Piroe or Obafemi yet?
Who's off to Qatar? |
Yes very suspicious. Doesn't look like the op has taken the advice and publicly contacted the people they have named either.
All very suspicious. A sellout perhaps? | |
| |
| What happened at the Trust in July 2021? on 14:49 - Jun 7 with 888 views | waynekerr55 |
| What happened at the Trust in July 2021? on 12:27 - Jun 7 by ReslovenSwan1 |
The SCST were not keen on selling in 2016 and wanted a free lunch. They wanted to use their leverage to retain their shares and get a pay off by threatening legal action. It was their strategy. They stated in 2016 that selling was "not their preference" and they offered to take 4% shares as part of the deal (a £4m pay off). This was not taken seriously by anyone.
After 4 months of talks to sell, predictably they did not agree to sell any shares and the buyer walked blaming them. They then went for their prefered option of going to court. This got absolutely nowhere with obscene terms required by funders. It required a new board to call a halt.
Instead of the £4m pay off they settled for a £500k pay off but now this is in the championship and dilution awaits and they will lose 6% not gain 4%. All the other shareholders performed much better than them and indeed some of them might be reinvesting to avoid dilution using money gained from selling shares at £1m per 1% to but at £250k per 1%..
The US people were in talks for 4 months in 2017. The deal should have been agree in 2 weeks subject to legal checks. |
Covfefe | |
| |
| What happened at the Trust in July 2021? on 15:28 - Jun 7 with 873 views | ReslovenSwan1 |
| What happened at the Trust in July 2021? on 13:13 - Jun 7 by Chief |
- keen or not as you've been told repeatedly they publicly said they'd sell as soon as they found out about the sale. Its surprising that you'd have such little faith in the Americans that they'd not bid for rhe trusts shares on the assumption they wouldn't want to sell. To think any party in a multi million pound transaction is startling. I don't think they'd be that amateurish. (Although they did say they weren't aware of SHA which should have been in the companies articles / on the club books so maybe I'm giving them too much credit).
Ultimately you're deliver acting twp pathetically trying to dig up any excuse (even though the law wouldn't leave room for assumption or ignorance) you can dream up to defend their duplicitous and sneaky behaviour around the sale. |
They were reluctant sellers and did not sell. They did not say publicly they would sell. They said they were 'open to considering a sale'. There is a HUGE difference. Such techniques are used to knock up the price if you are sure the buyer will come back. If the buyer does not come back you lose a sale. The other sellers put a buyer in front of them with 4 months to make a deal. The SCST could not close a deal.
Then chose to go to court and could not deliver within the 6 year period and were forced into a low ball settlement. This I presume to persuade them to agree the dissolving of the old SHA and the signing of a new SHA. It is the member job to find out what is in it. | |
| |
| What happened at the Trust in July 2021? on 16:20 - Jun 7 with 866 views | Chief |
| What happened at the Trust in July 2021? on 15:28 - Jun 7 by ReslovenSwan1 |
They were reluctant sellers and did not sell. They did not say publicly they would sell. They said they were 'open to considering a sale'. There is a HUGE difference. Such techniques are used to knock up the price if you are sure the buyer will come back. If the buyer does not come back you lose a sale. The other sellers put a buyer in front of them with 4 months to make a deal. The SCST could not close a deal.
Then chose to go to court and could not deliver within the 6 year period and were forced into a low ball settlement. This I presume to persuade them to agree the dissolving of the old SHA and the signing of a new SHA. It is the member job to find out what is in it. |
- They didn't sell because they were dealing with a buyer who didn't want to buy (at a fair, comparable price) and were prepared to go to court NOT TO BUY.
- they contacted the sellers and told them they would sell and wanted to be included in negotiations as soon as they found out about the sale. Which was months after the sellouts. They publicly announced that in members updates at the time. You are lying.
- the Americans didn't make an offer even after they met the trust and when they finally did they didn't make the same offer the sellouts received.
This really is that simple. And not difficult to understand. Thus they left themselves open to litigation and subsequent admission of guilt.
Is this genuinely your viewpoint or are you on a wind up? Its difficult for me to take this seriously. | |
| |
| What happened at the Trust in July 2021? on 18:47 - Jun 7 with 840 views | waynekerr55 |
| What happened at the Trust in July 2021? on 16:20 - Jun 7 by Chief |
- They didn't sell because they were dealing with a buyer who didn't want to buy (at a fair, comparable price) and were prepared to go to court NOT TO BUY.
- they contacted the sellers and told them they would sell and wanted to be included in negotiations as soon as they found out about the sale. Which was months after the sellouts. They publicly announced that in members updates at the time. You are lying.
- the Americans didn't make an offer even after they met the trust and when they finally did they didn't make the same offer the sellouts received.
This really is that simple. And not difficult to understand. Thus they left themselves open to litigation and subsequent admission of guilt.
Is this genuinely your viewpoint or are you on a wind up? Its difficult for me to take this seriously. |
He's just chatting covfefe as usual | |
| |
| |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
