| Greedy Board of Directors 20:14 - Dec 11 with 9661 views | Borojack |
Would you have done the same in their shoes.
And fukced the club Trust and fans over.
Please try and answer honestly. |  |
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| Greedy Board of Directors on 21:40 - Dec 11 with 1806 views | max936 |
| Greedy Board of Directors on 20:40 - Dec 11 by Dr_Winston |
Absolutely. The facilities will be about the only decent legacy they have left if we make the drop.
They started shitting themselves that their golden geese were on the way out when we briefly flirted with relegation in 13/14, were no doubt outraged that the Trust basically killed the Noell/Moores deal a year later, and definitely resolved that they were going to get their money from the next mark to cross their path, even if they had to shit on the Trust to do it. |
There's rumours around that some lined their pockets when building those facilities too, I wonder if the Trust could get an independent Auditor to look into all of the clubs dealings over the last few years, even just to clarify everything. |  |
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| Greedy Board of Directors on 21:43 - Dec 11 with 1798 views | TheCooler |
If I were the chairman representing the interests of the shareholders, I would have ensured all shareholders were treated equally and shared all information on possible sale of some or all shares to a new party with all of the shareholders. I cannot see how as chairman I could behave in any other way. I might have had to impress on some shareholders how important the views of other shareholders were and perhaps work extra hard to ensure that there was consensus on the way forward for all concerned, what would have been important to me given my position of chairman was my personal integrity, having just had an honour bestowed upon me by the Queen I would want to show the utmost respect for the people that recommended me for that honour and be seen to be wholly in compliance with character and conduct of someone fortunate enough to have been recognised for my contribution to football in the community, always mindful of the support I had received over many years from both shareholders and supporters alike. I would not be entirely confident that I could have satisfied the needs and wishes of all shareholders but accept that the rights of some might not be overridden by the needs of others. That is how a chairman should conduct himself. Pat on the back for maximising shareholder value, shame the benefits were not enjoyed by all interested parties. |  | | |
| Greedy Board of Directors on 21:46 - Dec 11 with 1790 views | SwansNZ |
| Greedy Board of Directors on 20:40 - Dec 11 by Dr_Winston |
Absolutely. The facilities will be about the only decent legacy they have left if we make the drop.
They started shitting themselves that their golden geese were on the way out when we briefly flirted with relegation in 13/14, were no doubt outraged that the Trust basically killed the Noell/Moores deal a year later, and definitely resolved that they were going to get their money from the next mark to cross their path, even if they had to shit on the Trust to do it. |
I can't recall, but did the Trust kill the Noell/Moores deal because of the due diligence they did on them? |  |
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| Greedy Board of Directors on 21:47 - Dec 11 with 1781 views | Slugster664 |
Anybody in their right mind would have sold their shares to make a few quid and secure their financial futures, foolish not to. But I think I can put my hand on heart and say I would have made sure the club's future was in good hands, previous board members didn't do this imo. I would have been totally upfront about everything too.
What's playing on my mind is this 'Chinese consortium' who wanted to INVEST in the club during the sale to Kaplan/Levien. I'm presuming they weren't offering as much for the shares to Jenkins et al? ?? Does anyone have any info on this?
PS Let's hope these new shareholders invest heavily on players this January/next summer |  |
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| Greedy Board of Directors on 21:50 - Dec 11 with 1768 views | Dr_Winston |
| Greedy Board of Directors on 21:46 - Dec 11 by SwansNZ |
I can't recall, but did the Trust kill the Noell/Moores deal because of the due diligence they did on them? |
If memory serves, Moores and Noell were quite keen for their interest to be a complete secret before any deal was agreed. The Trust finding out put the kibosh on that and they walked away.
The Trust's due dilligence just underlined what a bad f*cking idea selling to those two idiots would have been. |  |
| 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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| Greedy Board of Directors on 22:03 - Dec 11 with 1728 views | SoberBaker |
| Greedy Board of Directors on 21:43 - Dec 11 by TheCooler |
If I were the chairman representing the interests of the shareholders, I would have ensured all shareholders were treated equally and shared all information on possible sale of some or all shares to a new party with all of the shareholders. I cannot see how as chairman I could behave in any other way. I might have had to impress on some shareholders how important the views of other shareholders were and perhaps work extra hard to ensure that there was consensus on the way forward for all concerned, what would have been important to me given my position of chairman was my personal integrity, having just had an honour bestowed upon me by the Queen I would want to show the utmost respect for the people that recommended me for that honour and be seen to be wholly in compliance with character and conduct of someone fortunate enough to have been recognised for my contribution to football in the community, always mindful of the support I had received over many years from both shareholders and supporters alike. I would not be entirely confident that I could have satisfied the needs and wishes of all shareholders but accept that the rights of some might not be overridden by the needs of others. That is how a chairman should conduct himself. Pat on the back for maximising shareholder value, shame the benefits were not enjoyed by all interested parties. |
Interesting first post.
Bitter, but interesting. |  |
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| Greedy Board of Directors on 22:04 - Dec 11 with 1725 views | LeonWasGod |
| Greedy Board of Directors on 21:38 - Dec 11 by SwansNZ |
They were getting big dividends, great perks, living the dream (so to speak) and also being paid to do so, in most/all cases.
If you were Jenkins getting paid 500K per year why would you? Why did you?
If you were Martin Morgan, who has more than enough for life, why would you? Why did you?
F*ck knows what Dineen was/is on, but it’s far too much.
If you were a true Swans supporter, you could have secured the future of the club and made more than enough to be financially secure for life, even with a partial sale.
So my answer would be NO. |
Why? Big difference between a few hundred grand a year and a £15 m payout that means you're financialy independent for life for you and family. More to the point I assume they saw potential for their stake to decrease in value. That's probably the biggest motivator. Don't need the cash but your investment is safe, means you're happy to sit tight. A dodgy season and rising debt means the end could be soon and your shares could halve in value, or more, means you think of selling while the going's good. [Post edited 11 Dec 2016 22:05]
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| Greedy Board of Directors on 22:16 - Dec 11 with 1691 views | monmouth |
| Greedy Board of Directors on 22:04 - Dec 11 by LeonWasGod |
Why? Big difference between a few hundred grand a year and a £15 m payout that means you're financialy independent for life for you and family. More to the point I assume they saw potential for their stake to decrease in value. That's probably the biggest motivator. Don't need the cash but your investment is safe, means you're happy to sit tight. A dodgy season and rising debt means the end could be soon and your shares could halve in value, or more, means you think of selling while the going's good. [Post edited 11 Dec 2016 22:05]
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I reckon they also lost all confidence in their ability to manage the finances, and realised they had lucked out as far as their limited business ability could possibly go, and couldn't wait to cut and run, cash in, and toss over the risk to someone else.
Which is understandable in itself, but the totally self obsessed and sneaky way they went about it, and their determination to sell to anyone that would pony up the cash, no matter at what future cost to the security of the club, is what damns them forever as utter c***s. |  |
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| Greedy Board of Directors on 22:21 - Dec 11 with 1670 views | DwightYorkeSuperstar |
I would have definitely sold up as soon as the shares became valued at a life changing sum of money.
I'd like to think I'd have handled any sale better though and not deliberately screw over my friends and fans while at it, something I think was definitely possible, but likely worth a little less financially. |  |
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| Greedy Board of Directors on 22:22 - Dec 11 with 1663 views | Dr_Winston |
| Greedy Board of Directors on 22:16 - Dec 11 by monmouth |
I reckon they also lost all confidence in their ability to manage the finances, and realised they had lucked out as far as their limited business ability could possibly go, and couldn't wait to cut and run, cash in, and toss over the risk to someone else.
Which is understandable in itself, but the totally self obsessed and sneaky way they went about it, and their determination to sell to anyone that would pony up the cash, no matter at what future cost to the security of the club, is what damns them forever as utter c***s. |
You can see arses beginning to twitch sometime in 2013. We sign a Korean midfielder of limited use in actual games but a marketing dream.
The successes of the Laudrup era are beginning to look more accidental by the day.
This post has been edited by an administrator | |
| 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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| Greedy Board of Directors on 22:28 - Dec 11 with 1649 views | oh_tommy_tommy |
500 k a year
Chairman of a team you support
Money can't buy you love
F@cking Div |  |
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| Greedy Board of Directors on 22:32 - Dec 11 with 1638 views | max936 |
| Greedy Board of Directors on 22:16 - Dec 11 by monmouth |
I reckon they also lost all confidence in their ability to manage the finances, and realised they had lucked out as far as their limited business ability could possibly go, and couldn't wait to cut and run, cash in, and toss over the risk to someone else.
Which is understandable in itself, but the totally self obsessed and sneaky way they went about it, and their determination to sell to anyone that would pony up the cash, no matter at what future cost to the security of the club, is what damns them forever as utter c***s. |
If hey had been decent about things and met with the Trust and put things in place properly they could have probably sought out a decent buyer, who could have taken us to the next level, well a regular 8/10 place Premier league team with the odd venture into Europe and made us sustainable at the same time and recouped their out lay over the long term, but no these amateurs at to go down the snidey devious route with the only thought in their minds was filling their pockets. | |
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| Greedy Board of Directors on 22:35 - Dec 11 with 1622 views | Brynmill_Jack |
In a world where jobs are scarce and minimum wage abounds I think the wage the likes of Jenkins picked up every year and the dividends recieved would have certainly been enough for me to take care of myself and my family. |  |
| Each time I go to Bedd - au........................ |
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| Greedy Board of Directors on 23:07 - Dec 11 with 1570 views | LeonWasGod |
| Greedy Board of Directors on 22:16 - Dec 11 by monmouth |
I reckon they also lost all confidence in their ability to manage the finances, and realised they had lucked out as far as their limited business ability could possibly go, and couldn't wait to cut and run, cash in, and toss over the risk to someone else.
Which is understandable in itself, but the totally self obsessed and sneaky way they went about it, and their determination to sell to anyone that would pony up the cash, no matter at what future cost to the security of the club, is what damns them forever as utter c***s. |
I think so. It's been what, a £13m loss for last year and a total debt of £35m or so? (Could be wrong on those figures mind).
Finances definately slipping in the last couple of years. Not surprising considering they've been p1ssing money up the wall with players like Eder and that French left back. So yep, the logic to sell is fine. As you say, the way they did it wasn't. | | | |
| Greedy Board of Directors on 06:31 - Dec 12 with 1482 views | Loyal |
| Greedy Board of Directors on 21:19 - Dec 11 by Joe_bradshaw |
We should ask ourselves what Mel Nurse would have done. |
Made a few quid out of the little parking space by frankie & bennys. |  |
| Nolan sympathiser, clout expert, personal friend of Leigh Dineen, advocate and enforcer of porridge swallows.
The official inventor of the tit w@nk. | | Poll: | Who should be Swansea number 1 |
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| Greedy Board of Directors on 06:48 - Dec 12 with 1438 views | Dewi1jack |
Going to give this an honest go.
Yes hand on heart I'd have sold up, especially if I was guaranteed a continuing job with all the trappings.
I'd have wanted to ensure that the club was sold to someone who was serious about it though. Someone like Abramovich/ Sheikh Mansour / even the Glaziers- people who would invest in the bottomless pit of club ownership.
Someone/ group of someones who had money to burn really.
Don't think that would have led to any vitriol/ threats to me or my family in the future.
If I was selling say 10% of the shares at £1 million a percent and was keeping say 5%, I do believe I'd have given 1% of the shares to the Trust, hoping the other sellers would do the same.
£10 million PLUS 4 % share ownership (long term gamble waiting for the price to go up?) a decent wage, say £100k PA would have seen me and my family pretty comfy for all of our lives.
It would also have seen the club we all love possibly ending up as a top end mid table club, sort of like Everton. You know, Challenging for the occasional cup win/ playing in Europe and pretty safe from relegation every year.
Young players coming through from the academy being sold to top end clubs.
Trust at hopefully over 25% share ownership.
Now that would have been a proud legacy to leave and possibly end up at 'YJB Legend' status with my own ugly mug statue for you all to gawp at every game/ gig.  |  |
| If you wake up breathing, thats a good start to your day and you'll make many thousands of people envious. |
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| Greedy Board of Directors on 06:52 - Dec 12 with 1434 views | Brynmill_Jack |
| Greedy Board of Directors on 06:48 - Dec 12 by Dewi1jack |
Going to give this an honest go.
Yes hand on heart I'd have sold up, especially if I was guaranteed a continuing job with all the trappings.
I'd have wanted to ensure that the club was sold to someone who was serious about it though. Someone like Abramovich/ Sheikh Mansour / even the Glaziers- people who would invest in the bottomless pit of club ownership.
Someone/ group of someones who had money to burn really.
Don't think that would have led to any vitriol/ threats to me or my family in the future.
If I was selling say 10% of the shares at £1 million a percent and was keeping say 5%, I do believe I'd have given 1% of the shares to the Trust, hoping the other sellers would do the same.
£10 million PLUS 4 % share ownership (long term gamble waiting for the price to go up?) a decent wage, say £100k PA would have seen me and my family pretty comfy for all of our lives.
It would also have seen the club we all love possibly ending up as a top end mid table club, sort of like Everton. You know, Challenging for the occasional cup win/ playing in Europe and pretty safe from relegation every year.
Young players coming through from the academy being sold to top end clubs.
Trust at hopefully over 25% share ownership.
Now that would have been a proud legacy to leave and possibly end up at 'YJB Legend' status with my own ugly mug statue for you all to gawp at every game/ gig. |
Legacy is the all important word Dewi. Theirs at this rate is looking rather toxic. | |
| Each time I go to Bedd - au........................ |
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| Greedy Board of Directors on 06:59 - Dec 12 with 1429 views | dobjack2 |
| Greedy Board of Directors on 06:52 - Dec 12 by Brynmill_Jack |
Legacy is the all important word Dewi. Theirs at this rate is looking rather toxic. |
Sorry meant to up arrow | | | |
| Greedy Board of Directors on 08:03 - Dec 12 with 1379 views | waynekerr55 |
| Greedy Board of Directors on 06:52 - Dec 12 by Brynmill_Jack |
Legacy is the all important word Dewi. Theirs at this rate is looking rather toxic. |
The thing is those tossers couldn't give two hoots about their legacy. Those snivelling,wastes of seminal fluid will get their comeuppance one day. |  |
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| Greedy Board of Directors on 08:40 - Dec 12 with 1363 views | barry_island |
If I was a Katzen or van Zweden yes. If I was a Swans supporter 100% no.
There was the chance to keep the Premier League money (after wages etc) in Swansea, and by God, the area needs money. Unfortunately they thought it best that from the summer of 2016, their pockets, New Jersey or wherever else needed to benefit from the cash cow. To me that is unforgivable. | |
| Swansea City, THE Austerity Club. |
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| Greedy Board of Directors on 15:14 - Dec 12 with 1271 views | Loyal |
| Greedy Board of Directors on 08:40 - Dec 12 by barry_island |
If I was a Katzen or van Zweden yes. If I was a Swans supporter 100% no.
There was the chance to keep the Premier League money (after wages etc) in Swansea, and by God, the area needs money. Unfortunately they thought it best that from the summer of 2016, their pockets, New Jersey or wherever else needed to benefit from the cash cow. To me that is unforgivable. |
JVZ is many things negative, but he is 100% Swansea City. | |
| Nolan sympathiser, clout expert, personal friend of Leigh Dineen, advocate and enforcer of porridge swallows.
The official inventor of the tit w@nk. | | Poll: | Who should be Swansea number 1 |
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| Greedy Board of Directors on 15:17 - Dec 12 with 1261 views | QJumpingJack |
Has Katzen been at a game this season? | | | |
| Greedy Board of Directors on 16:50 - Dec 12 with 1237 views | TheCooler |
| Greedy Board of Directors on 22:03 - Dec 11 by SoberBaker |
Interesting first post.
Bitter, but interesting. |
Hi, sorry, I didn't mean to come across as bitter, its just a shame to see someone held in such high esteem by the supporters - ("In Huw We Trust " ).- let them down so badly. With his knowledge of the people on the trust he could have worked harder to get them on board ? He could have explained the demands of the new owners in terms of wanting their investment secured and the threat the Trusts then position represented to the deal. It wasn't the responsibility of the Trust to badger the Chairman for information, it was the responsibility of the Chairman to badger the Trust and to get them on board.
God forbid that he should be proved to have done something so underhand (AofA)that he upsets both the supporters and the new owners, then he will be a lonely person!!
Though truth be known, the new owners due diligence will have thrown that issue up along with the threat the Trust posed. The chairman will have been tasked with sorting that out, as he did. You don't invest £60million on a whim, you make certain its safe. | | | |
| Greedy Board of Directors on 17:00 - Dec 12 with 1220 views | Dr_Winston |
| Greedy Board of Directors on 15:14 - Dec 12 by Loyal |
JVZ is many things negative, but he is 100% Swansea City. |
I'd say he's probably at least 50% Den Haag. | |
| 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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| Greedy Board of Directors on 17:22 - Dec 12 with 1176 views | jasper_T |
Yeah, with a big smile on my face, but I wouldn't have stuck around drawing a salary after the dirty deed. | | | |
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