| NSR Bury 19:14 - Aug 4 with 16339 views | waynekerr55 |
what a mess
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| NSR Bury on 12:42 - Nov 7 with 778 views | Chief |
| NSR Bury on 11:18 - Nov 7 by ReslovenSwan1 |
The scandal I see it is the Trust raised £200k in 2002 much of it from business donations now only have £800k in the bank. If the club goes into administraton that is all it would have made in 18 years. It turned down sales in 2015, 2016 and 2017. They were asleep at the wheel under the previous leadership and are now looking for quick fix to make up for a failed strategy following relegation which appears to have taken them by surprise.
If they were set up to save the club you can only laugh at their efforts and treat their claims of saving the club with derision.
I suspect some Trust comrade strategists want to turn Swansea cty into Exeter City II a workers committee led team for the people for the people. They will doff their cap to Klopp and Maurinho when we get thrashed and they will call us 'plucky'. In the HJ era we gave them a kick up the 'arris. Even Pep apologised for two very bad decsions after a scare.
A club for Welsh people with no ambition but a strong community spirit. If that what they want they should be a League of Wales club. Sorry I prefer Uncle Sam ownership all day long. [Post edited 7 Nov 2020 11:27]
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- Why is it a scandal? What difference does has it actually made how much money the trust has in the bank. Its had plenty to operate as a supporters trust acting on behalf of the fans&also occasionally contribute to various worthy good local causes.
- lies about those 3 sales. The only time they've received a bid it was rescinded.
- Are you saying the club is in imminent need of saving then? Surely the way to do that is to get as much money as possible as quick as possible.
- Who wouldn't dream of having a local entity owning their football team? We had that and it was just great for years. Now we neither have that and what has replaced seems to have brought very little to the table. Now we're just like everyone else. But I'm realistic to know this is how it is to stay.
- Well soon it maybe up to 90% uncle Sam. But you're not happy with that scenario either. |  |
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| NSR Bury on 13:44 - Nov 7 with 766 views | ReslovenSwan1 |
| NSR Bury on 12:42 - Nov 7 by Chief |
- Why is it a scandal? What difference does has it actually made how much money the trust has in the bank. Its had plenty to operate as a supporters trust acting on behalf of the fans&also occasionally contribute to various worthy good local causes.
- lies about those 3 sales. The only time they've received a bid it was rescinded.
- Are you saying the club is in imminent need of saving then? Surely the way to do that is to get as much money as possible as quick as possible.
- Who wouldn't dream of having a local entity owning their football team? We had that and it was just great for years. Now we neither have that and what has replaced seems to have brought very little to the table. Now we're just like everyone else. But I'm realistic to know this is how it is to stay.
- Well soon it maybe up to 90% uncle Sam. But you're not happy with that scenario either. |
For the Trust to save the club its needs money and needs to be shrewd about money as well. This includes not giving it away to third parties. I have stated the Trust if it is serious it has to be a money making operation, not a highly skilled PR spin machine using its own poodle online forums to spread the spin to gullible fans ever ready to take in the 'Judas' rheotric. It is more like the Womens institute where financial considerations are concerned. If they now had £30m in the bank with good sensible investments and 4% annual returns I would praise them to the hills. All those briliant CV and progressive thinking and 0.15% return on their savings. Come on?
Any organisation serious about building a 'nest egg' to save the club would have put itself up for sale while the club was in the premier league. The Trust did the opoosite to this with activists strongly against selling up. If you go through the archives of their statement building up "nest egg" is not a concept often, or ever, refered to 2002 -2017. This is a recent concept only discussed in relation to the legal case which in itself only has traction after relegation. This is because the Trust had a failed stategy of increasing the holding and keeping only modest cash reserves. Their strategy was getting to 25% when in the PL. They were £4m short. Only £4,000 per member. Asking the US people for a 4% donation was pure genius but regrettibly did not work. Relegation has brought the Trust to the correct strategy of selling but by definition this has come too late. The ship has left port. The decision to sell had to be made in 2012 -2016 not made in 2018.
They are hoping to find adminstrative shortcoming in the sale process and are using very expensive ambulance chasers to get them out of a hole. Legal action was taken on the basis that the incompetent Yankee assett strippers would take the club down the leagues and then put in administration. Another wrong call. They are actually running the club brilliantly. |  |
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| NSR Bury on 14:00 - Nov 7 with 939 views | Chief |
| NSR Bury on 13:44 - Nov 7 by ReslovenSwan1 |
For the Trust to save the club its needs money and needs to be shrewd about money as well. This includes not giving it away to third parties. I have stated the Trust if it is serious it has to be a money making operation, not a highly skilled PR spin machine using its own poodle online forums to spread the spin to gullible fans ever ready to take in the 'Judas' rheotric. It is more like the Womens institute where financial considerations are concerned. If they now had £30m in the bank with good sensible investments and 4% annual returns I would praise them to the hills. All those briliant CV and progressive thinking and 0.15% return on their savings. Come on?
Any organisation serious about building a 'nest egg' to save the club would have put itself up for sale while the club was in the premier league. The Trust did the opoosite to this with activists strongly against selling up. If you go through the archives of their statement building up "nest egg" is not a concept often, or ever, refered to 2002 -2017. This is a recent concept only discussed in relation to the legal case which in itself only has traction after relegation. This is because the Trust had a failed stategy of increasing the holding and keeping only modest cash reserves. Their strategy was getting to 25% when in the PL. They were £4m short. Only £4,000 per member. Asking the US people for a 4% donation was pure genius but regrettibly did not work. Relegation has brought the Trust to the correct strategy of selling but by definition this has come too late. The ship has left port. The decision to sell had to be made in 2012 -2016 not made in 2018.
They are hoping to find adminstrative shortcoming in the sale process and are using very expensive ambulance chasers to get them out of a hole. Legal action was taken on the basis that the incompetent Yankee assett strippers would take the club down the leagues and then put in administration. Another wrong call. They are actually running the club brilliantly. |
- and the trust is making moves to obtain money. Paying for professional services is a necessity. Its either that or gain no large windfall. You know this. Rest of that paragraph is just nonsense. Where would they have got 30million from!? Selling to unsuitable chancers who didn't even buy the sellouts shares? Be realistic. You're having a go at them now for things completely out of their control.
- We were in the Premier with caring owners who worked with the trust mun. The trust didnt need to be saved nor did they need to sell. You know this. They were acting as a supporters trust. Why do you keep ignoring these irrefutable facts?
- how do you know if the lawyers will be particularly expensive then?
- brilliantly is a stretch. | |
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| NSR Bury on 14:17 - Nov 7 with 934 views | ReslovenSwan1 |
| NSR Bury on 14:00 - Nov 7 by Chief |
- and the trust is making moves to obtain money. Paying for professional services is a necessity. Its either that or gain no large windfall. You know this. Rest of that paragraph is just nonsense. Where would they have got 30million from!? Selling to unsuitable chancers who didn't even buy the sellouts shares? Be realistic. You're having a go at them now for things completely out of their control.
- We were in the Premier with caring owners who worked with the trust mun. The trust didnt need to be saved nor did they need to sell. You know this. They were acting as a supporters trust. Why do you keep ignoring these irrefutable facts?
- how do you know if the lawyers will be particularly expensive then?
- brilliantly is a stretch. |
The Trust did not need to sell or do anything really just bobble along doing nothing. That is exactly what they did. Any talk of saving the club is pure tosh I'm afraid. Just empty rhetoric and PR spin. The sale was inevitable and they did not want to sell. That is their choice. A poor strategic decision.
To save the club in the future you need big bucks and the Trust could be very rich now. 4% return on £21m is £800k pa. Why are they not doing this?. The reason is, they a poorly run and confused as to their purpose. Their purpose should be making money and supporting Swansea city football club for example in supporting the academy or Ladies team or club associated charities.
They prefer to support well healed people from London who are well versed in taking money from the poor who have come into money. | |
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| NSR Bury on 14:55 - Nov 7 with 928 views | Chief |
| NSR Bury on 14:17 - Nov 7 by ReslovenSwan1 |
The Trust did not need to sell or do anything really just bobble along doing nothing. That is exactly what they did. Any talk of saving the club is pure tosh I'm afraid. Just empty rhetoric and PR spin. The sale was inevitable and they did not want to sell. That is their choice. A poor strategic decision.
To save the club in the future you need big bucks and the Trust could be very rich now. 4% return on £21m is £800k pa. Why are they not doing this?. The reason is, they a poorly run and confused as to their purpose. Their purpose should be making money and supporting Swansea city football club for example in supporting the academy or Ladies team or club associated charities.
They prefer to support well healed people from London who are well versed in taking money from the poor who have come into money. |
- just carry on being a supporters trust yes. Well the money gained will not be used for anything else so patently not 'tosh'.
- it may have been & of course in an ideal world they wouldn't have wanted to. But crucially, they weren't given the choice.
- they aren't doing it because they don't have 21 million. You can't gain interest on money you don't have. They have been making money and doing all the things you describe apart from supporting the academy. The Americans have made the decision to downgrade that see.
- you mean legal personnel who are essential to the court case to gain the 21 million you spoke of above? | |
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| NSR Bury on 19:52 - Nov 7 with 916 views | Garyjack |
| NSR Bury on 21:05 - Nov 6 by ReslovenSwan1 |
I have produced a scenario where the legal action win is the club's problem the city's problem and is the fan's problem. It is not the Trusts problem are they will cease to exist as a football entity at least in Swansea until this sorry affair is long forgotten. This could take 3 decades at which point they become irrelevant.
The SCST will be a dormant fund gaining minimal interest with a plunging membership being no longer welcome at the Liberty.
Members seem content with this, but if that is the case they will have let down their community as London ambulance chasers run off with £7-8m back to Surrey for very little work. This is money that should be paying for the derelict academy.
The dim membership will be to blame for backing and voting for failed leaders out to settle scores with no vision most of whom have already legged it. |
I have to ask this. Have some of the Trust board members ....you know....sort of done things with your missus or something?  |  | | |
| NSR Bury on 19:54 - Nov 7 with 909 views | onehunglow |
Maybe Gary he distrusts them ,and distrust was the reason for the Trust in the first place.
You know better than anyone not to trust anyone 100%. |  |
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| NSR Bury on 21:08 - Nov 7 with 904 views | Chief |
| NSR Bury on 19:54 - Nov 7 by onehunglow |
Maybe Gary he distrusts them ,and distrust was the reason for the Trust in the first place.
You know better than anyone not to trust anyone 100%. |
He trusts them 0% though strangely. He cannot bring himself to praise them one iota while at the same refusing to acknowledge the mistakes of others (and usually trying to pin these mistakes on the trust).
It's all rather suspicious and bizarre. | |
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| NSR Bury on 22:02 - Nov 16 with 849 views | waynekerr55 |
| NSR Bury on 14:17 - Nov 7 by ReslovenSwan1 |
The Trust did not need to sell or do anything really just bobble along doing nothing. That is exactly what they did. Any talk of saving the club is pure tosh I'm afraid. Just empty rhetoric and PR spin. The sale was inevitable and they did not want to sell. That is their choice. A poor strategic decision.
To save the club in the future you need big bucks and the Trust could be very rich now. 4% return on £21m is £800k pa. Why are they not doing this?. The reason is, they a poorly run and confused as to their purpose. Their purpose should be making money and supporting Swansea city football club for example in supporting the academy or Ladies team or club associated charities.
They prefer to support well healed people from London who are well versed in taking money from the poor who have come into money. |
Oh aye. Like those bastions of Philanthropy like Jenkins, Dineen et al.? | |
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