| Dai Little Swans Trust Legal Affiliate 20:10 - Aug 25 with 5209 views | bonymine |
Not seen anything posted on here so thought I’d put up this link about Dai stepping down as the Trust’s Legal Affiliate ...
https://www.swanstrust.co.uk/2
Dai has put in an incredible amount of time and effort as the Trust’s Legal Affiliate over many years and he has also committed to following through his involvement with regard to the ongoing legal action against the Sellouts until it’s conclusion.
On a personal note, I had the pleasure of playing alongside Dai in local league football many moons ago in the mid 80’s before he went off to Uni ; he’s a great lad whom I hold in the highest regard as a passionate Jack and somebody who has worked tirelessly for many, many years on the fans’ behalf.
Thank you for everything Dai & wishing you and your family all the best for the future.
Once a Jack always a Jack 💪💪💪
YJB
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| Dai Little Swans Trust Legal Affiliate on 18:35 - Sep 1 with 1254 views | ReslovenSwan1 |
| Dai Little Swans Trust Legal Affiliate on 15:27 - Sep 1 by dobjack2 |
I think that in the Premier League they stumbled into a flawed business plan that could only run on Sky tv money and would fall apart on relegation, which is what happened. Success followed by struggles until finally relegation from the Premier League has come at great cost to the club. What does the club have as a legacy of its time in the Premier League?
I also believe that they knew the problems with their business model and wanted to cash in on their shares before the inevitable relegation. I also believe that they weren’t too fussy who they sold to, as long as they had their money
Opinions eh. |
You clearly never went to the Vetch field which was a total dump and would probably not get a safety certificate these days.
The legacy is obvious. The Liberty stadium home. The top notch training facility at Fairwood. The academy at Landore. A string of good local and imported players worth millions. A club with a strong brand identity and playing style. Not to mention the excellent years of charitable work that others can outline better than me. The hundreds of local kid given a shot at the big time many have been all over the country and some even overseaas to California and South Africa. Some now internationals that were not even good enough for Swansea.
The miserble mean spiritedness of Swansea city fans really is something to behold. The south African and French owners were venture capatalists so had not loyalty to Swansea and the two main local investors are still at the club with minority holdings. They may even contribute to the owners cash call. We all know the only thing the Trust invests in is London legal firms.
Levien and Kaplan have a long track record in US sport and Levien is particularly sucessful at DC United opening their own 20,000 seater stadium during his tenure. Asset stripping quip flip opertors they are not. Fans like to say. "I expect them to be gone in months". 4 years and counting with new money coming in this summer. Thats my opinion. |  |
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| Dai Little Swans Trust Legal Affiliate on 20:26 - Sep 1 with 1207 views | dobjack2 |
| Dai Little Swans Trust Legal Affiliate on 18:35 - Sep 1 by ReslovenSwan1 |
You clearly never went to the Vetch field which was a total dump and would probably not get a safety certificate these days.
The legacy is obvious. The Liberty stadium home. The top notch training facility at Fairwood. The academy at Landore. A string of good local and imported players worth millions. A club with a strong brand identity and playing style. Not to mention the excellent years of charitable work that others can outline better than me. The hundreds of local kid given a shot at the big time many have been all over the country and some even overseaas to California and South Africa. Some now internationals that were not even good enough for Swansea.
The miserble mean spiritedness of Swansea city fans really is something to behold. The south African and French owners were venture capatalists so had not loyalty to Swansea and the two main local investors are still at the club with minority holdings. They may even contribute to the owners cash call. We all know the only thing the Trust invests in is London legal firms.
Levien and Kaplan have a long track record in US sport and Levien is particularly sucessful at DC United opening their own 20,000 seater stadium during his tenure. Asset stripping quip flip opertors they are not. Fans like to say. "I expect them to be gone in months". 4 years and counting with new money coming in this summer. Thats my opinion. |
What is the legacy of our time in the premier league was the question I asked. That is what is going to be remembered. Our legacy from two seasons in the old first division was a financial mess and we didn’t need a repeat of that with its lowest point of Tony Petty.
The academy at Landore ???? Surely that is no longer needed as we no longer have a Category 1 academy?
The University facilities at Fairwood? Don’t we lease them?
A club with a strong brand identity and playing style???? Our playing style went out of the window after Laudrup and we are trying to rediscover one. A strong brand identity - corporate bs of the highest order.
As for your first paragraph, it’s very silly to make comments like that to people you don’t know.
The vetch fell into disrepair because necessary repairs and work was not carried out on it by successive owners of the club.
As for the Liberty, The stadium is owned by the council but the club has a lease where it has taken over stadium management. As an outsider I don’t know who is responsible for repairs but I hope that whoever it is looks after it better than previous owners looked after the Vetch.
As for our American owners, most don’t appear to give a flying one about Swansea and Appear to care little more about the club. I think that DC United fans don’t necessarily share your glowing enthusiasm for messrs Kaplan and Levein. Some have posted on this forum.
All I will say about them is that I think that bringing in Birch provided stability after What seemed like a shambles behind the scenes. Oops he’s gone.
So back to my question- What is the legacy of our time in the Premier League:
For the fans happy memories including a cup win, followed by a rapid decline in the quality of the football; lots of millionaires (selling shareholders, players and agents) academy facilities that are probably no longer needed and other facilities that we lease.
However the real legacy In my opinion is another financial mess. That financial mess appeared to be caused by a flawed business plan and from the outside it looked as if those responsible were mainly interested in making millions by selling shares to anyone who would buy them before the house of cards came tumbling down on relegation.
The mess doesn’t seem as bad as last time at the moment because of the sales of Ollie and Dan but a mess necessitating a fire sale and player sales with comparatively little reinvestment in the playing side it has been. Hence promising youngsters on loan being our main recruitment.
Opinions - you have yours which also appear to involve cheerleading for the selling shareholders and our absentee owners and anti trust in nature.
I’ll stick to my opinions and beliefs. Sadly those involve believing that in selling their shares, and the voting rights to the shares they kept, the selling shareholders were motivated more by the money they could get for their shares, than in placing the custodianship of the club in safe hands. Which appeared to be the opposite of why the custodianship of the club was wrested from Tony Petty.
I may of course be incorrect in this belief and it may be that the selling shareholders relied on assurances on things that have not happened. The truth really does need to come out, otherwise there will be long lasting distrust of the motives and motivation of both the selling shareholders and our American owners and that is not healthy. |  | | |
| Dai Little Swans Trust Legal Affiliate on 20:27 - Sep 1 with 1207 views | waynekerr55 |
| Dai Little Swans Trust Legal Affiliate on 18:35 - Sep 1 by ReslovenSwan1 |
You clearly never went to the Vetch field which was a total dump and would probably not get a safety certificate these days.
The legacy is obvious. The Liberty stadium home. The top notch training facility at Fairwood. The academy at Landore. A string of good local and imported players worth millions. A club with a strong brand identity and playing style. Not to mention the excellent years of charitable work that others can outline better than me. The hundreds of local kid given a shot at the big time many have been all over the country and some even overseaas to California and South Africa. Some now internationals that were not even good enough for Swansea.
The miserble mean spiritedness of Swansea city fans really is something to behold. The south African and French owners were venture capatalists so had not loyalty to Swansea and the two main local investors are still at the club with minority holdings. They may even contribute to the owners cash call. We all know the only thing the Trust invests in is London legal firms.
Levien and Kaplan have a long track record in US sport and Levien is particularly sucessful at DC United opening their own 20,000 seater stadium during his tenure. Asset stripping quip flip opertors they are not. Fans like to say. "I expect them to be gone in months". 4 years and counting with new money coming in this summer. Thats my opinion. |
Can I have a pint of what you're drinking, presumably Gower Gold? |  |
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| Dai Little Swans Trust Legal Affiliate on 20:28 - Sep 1 with 1204 views | waynekerr55 |
| Dai Little Swans Trust Legal Affiliate on 12:35 - Sep 1 by ReslovenSwan1 |
The selling shareholders could certainly run the affairs of the club because they did it.
2002 -2016 was without doubt the greatest era in the club's history.
They did however before the sale point out to the fans, they were struggling to compete at Premier League level against clubs with different business models involving huge debts. You may remember discussions concerning the forced sale of Shelvey. |
The forced sale of Shelvey in the same year they all doubled their own pay you mean? | |
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| Dai Little Swans Trust Legal Affiliate on 20:49 - Sep 1 with 1188 views | BillyChong |
| Dai Little Swans Trust Legal Affiliate on 18:35 - Sep 1 by ReslovenSwan1 |
You clearly never went to the Vetch field which was a total dump and would probably not get a safety certificate these days.
The legacy is obvious. The Liberty stadium home. The top notch training facility at Fairwood. The academy at Landore. A string of good local and imported players worth millions. A club with a strong brand identity and playing style. Not to mention the excellent years of charitable work that others can outline better than me. The hundreds of local kid given a shot at the big time many have been all over the country and some even overseaas to California and South Africa. Some now internationals that were not even good enough for Swansea.
The miserble mean spiritedness of Swansea city fans really is something to behold. The south African and French owners were venture capatalists so had not loyalty to Swansea and the two main local investors are still at the club with minority holdings. They may even contribute to the owners cash call. We all know the only thing the Trust invests in is London legal firms.
Levien and Kaplan have a long track record in US sport and Levien is particularly sucessful at DC United opening their own 20,000 seater stadium during his tenure. Asset stripping quip flip opertors they are not. Fans like to say. "I expect them to be gone in months". 4 years and counting with new money coming in this summer. Thats my opinion. |
You might want to read that back  | | | |
| Dai Little Swans Trust Legal Affiliate on 23:39 - Sep 1 with 1151 views | ReslovenSwan1 |
| Dai Little Swans Trust Legal Affiliate on 20:26 - Sep 1 by dobjack2 |
What is the legacy of our time in the premier league was the question I asked. That is what is going to be remembered. Our legacy from two seasons in the old first division was a financial mess and we didn’t need a repeat of that with its lowest point of Tony Petty.
The academy at Landore ???? Surely that is no longer needed as we no longer have a Category 1 academy?
The University facilities at Fairwood? Don’t we lease them?
A club with a strong brand identity and playing style???? Our playing style went out of the window after Laudrup and we are trying to rediscover one. A strong brand identity - corporate bs of the highest order.
As for your first paragraph, it’s very silly to make comments like that to people you don’t know.
The vetch fell into disrepair because necessary repairs and work was not carried out on it by successive owners of the club.
As for the Liberty, The stadium is owned by the council but the club has a lease where it has taken over stadium management. As an outsider I don’t know who is responsible for repairs but I hope that whoever it is looks after it better than previous owners looked after the Vetch.
As for our American owners, most don’t appear to give a flying one about Swansea and Appear to care little more about the club. I think that DC United fans don’t necessarily share your glowing enthusiasm for messrs Kaplan and Levein. Some have posted on this forum.
All I will say about them is that I think that bringing in Birch provided stability after What seemed like a shambles behind the scenes. Oops he’s gone.
So back to my question- What is the legacy of our time in the Premier League:
For the fans happy memories including a cup win, followed by a rapid decline in the quality of the football; lots of millionaires (selling shareholders, players and agents) academy facilities that are probably no longer needed and other facilities that we lease.
However the real legacy In my opinion is another financial mess. That financial mess appeared to be caused by a flawed business plan and from the outside it looked as if those responsible were mainly interested in making millions by selling shares to anyone who would buy them before the house of cards came tumbling down on relegation.
The mess doesn’t seem as bad as last time at the moment because of the sales of Ollie and Dan but a mess necessitating a fire sale and player sales with comparatively little reinvestment in the playing side it has been. Hence promising youngsters on loan being our main recruitment.
Opinions - you have yours which also appear to involve cheerleading for the selling shareholders and our absentee owners and anti trust in nature.
I’ll stick to my opinions and beliefs. Sadly those involve believing that in selling their shares, and the voting rights to the shares they kept, the selling shareholders were motivated more by the money they could get for their shares, than in placing the custodianship of the club in safe hands. Which appeared to be the opposite of why the custodianship of the club was wrested from Tony Petty.
I may of course be incorrect in this belief and it may be that the selling shareholders relied on assurances on things that have not happened. The truth really does need to come out, otherwise there will be long lasting distrust of the motives and motivation of both the selling shareholders and our American owners and that is not healthy. |
Landore and Fairwood facilities were built by Swansea city for their use. The club built them in the Premier league a legacy for the club. I understand the University leases one of these facilities. Good business.
Landore is still open there has been no statement so far that is is being mothballed. Swansea will still have an Academy another Premier league legacy.
The playing style might not impress you but it impressed Jurgen Klopp and Frank Lampard sufficiently to send their best talents to the club. Players like Routledge Naughton joined in the PL. Esprito Santo similarly.
The Swansea Brand is good. Worldwide recognition by the likes of Bielsa. Lowe came to Swansea rather to go 1 hour up the road to Preston.
Te Vetch field was a health hazard and 50 years out of date. The so called 'sell outs' moved the club out. It would have capacity of 6000 once the North bank was fully seated.
Swansea city is a US Welsh company and the 21% owner the fans are not pulling their weight despite being worth over £21m in 2016. Fur coat and no keks. No cash when there is a cash call of owners. (like now). "Lost your wallet how come? What have you been doing for 18 years Sleeping ?"
There was no fire sale. This is propoganda. Fire sale indicates a return of 5% on the asset. Not true. Millions were recovered from sales many with big profits. Overall in the black.
The US owners clearly do care about Swansea city. The US people are the only peope to invest cash in Swansea city in in the last 18 years since 2002. It is not clear how much they have put into the club initially as a loan. Huw Jenkins did such a magnificent job he never asked the Trust for a bean. The Exeter Trust has been ploughing money into their club around £75,000 a season. I have been brought up not to abuse the man paying the bills. You might call it cheerleeding others would use less complimentary terms.
Who says the clubs finances are 'mess'.? Losses for the last two season has been small and the club is spending cash despite Covid 19 and reducing parachutes Certainly it is challenging but it is the same for all relegated teams. James and McBurnie were sold because they wanted to leave. £35m in fees another PL legacy.
It is life that people build companies and sell companies. If the people of the Trust find that distasteful they should never have become owners. The previous owners were there for 14 years of almost continous success seeing the stock value of the Trust increase 100 times. The Trust were still angry and bitter in 2016. Downright wierd if you ask me.
Swansea has had decades of unsatisfactory owners mostly just bobbling along in the lower leagues. The so called "sell outs" changed all that and the US people brought in the consumate professional Birch who is now in charge of a billion pound spaceship in North London. The majority of fans simply are not sophisiticated enough to understand this and that is putting it politiely.
The motives and motivation of the sellers and US owners is to see a return on their investment. Its called business. They will make money by expanding the club and stadium and being in the Premier league. Each team randomly has a 15% chance of promotion. Swansea chances are better than this average. Brentford are making a good fist of it without splashing the cash.
It obvious the Trust s holding was far too great for them to manage. It is obvious to me at any rate. Their ideal holding is 5% with a seat on the board and investment to maintain the holding. Almost all clubs lose money. The Trust will therefore also lose by the law of averages. The Exeter Trust loses £75,000 every season. They have been on easy street enjoying the ride but now have had to get off and contribute something. They prefer to run away from their responsibilities put the money in the bank and watch it devalue over time to such a point it becomes irrelevant.
I am not burdened by South Wales non conformist puritanic distaste for cash and wealth. I am just proud that little old Swansea could, for a few years at least, go to Old Trafford and Stamford Bridge and punch them on the nose. Even the oil sheiks got a scare last season. | |
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| Dai Little Swans Trust Legal Affiliate on 11:00 - Sep 2 with 1093 views | dobjack2 |
| Dai Little Swans Trust Legal Affiliate on 23:39 - Sep 1 by ReslovenSwan1 |
Landore and Fairwood facilities were built by Swansea city for their use. The club built them in the Premier league a legacy for the club. I understand the University leases one of these facilities. Good business.
Landore is still open there has been no statement so far that is is being mothballed. Swansea will still have an Academy another Premier league legacy.
The playing style might not impress you but it impressed Jurgen Klopp and Frank Lampard sufficiently to send their best talents to the club. Players like Routledge Naughton joined in the PL. Esprito Santo similarly.
The Swansea Brand is good. Worldwide recognition by the likes of Bielsa. Lowe came to Swansea rather to go 1 hour up the road to Preston.
Te Vetch field was a health hazard and 50 years out of date. The so called 'sell outs' moved the club out. It would have capacity of 6000 once the North bank was fully seated.
Swansea city is a US Welsh company and the 21% owner the fans are not pulling their weight despite being worth over £21m in 2016. Fur coat and no keks. No cash when there is a cash call of owners. (like now). "Lost your wallet how come? What have you been doing for 18 years Sleeping ?"
There was no fire sale. This is propoganda. Fire sale indicates a return of 5% on the asset. Not true. Millions were recovered from sales many with big profits. Overall in the black.
The US owners clearly do care about Swansea city. The US people are the only peope to invest cash in Swansea city in in the last 18 years since 2002. It is not clear how much they have put into the club initially as a loan. Huw Jenkins did such a magnificent job he never asked the Trust for a bean. The Exeter Trust has been ploughing money into their club around £75,000 a season. I have been brought up not to abuse the man paying the bills. You might call it cheerleeding others would use less complimentary terms.
Who says the clubs finances are 'mess'.? Losses for the last two season has been small and the club is spending cash despite Covid 19 and reducing parachutes Certainly it is challenging but it is the same for all relegated teams. James and McBurnie were sold because they wanted to leave. £35m in fees another PL legacy.
It is life that people build companies and sell companies. If the people of the Trust find that distasteful they should never have become owners. The previous owners were there for 14 years of almost continous success seeing the stock value of the Trust increase 100 times. The Trust were still angry and bitter in 2016. Downright wierd if you ask me.
Swansea has had decades of unsatisfactory owners mostly just bobbling along in the lower leagues. The so called "sell outs" changed all that and the US people brought in the consumate professional Birch who is now in charge of a billion pound spaceship in North London. The majority of fans simply are not sophisiticated enough to understand this and that is putting it politiely.
The motives and motivation of the sellers and US owners is to see a return on their investment. Its called business. They will make money by expanding the club and stadium and being in the Premier league. Each team randomly has a 15% chance of promotion. Swansea chances are better than this average. Brentford are making a good fist of it without splashing the cash.
It obvious the Trust s holding was far too great for them to manage. It is obvious to me at any rate. Their ideal holding is 5% with a seat on the board and investment to maintain the holding. Almost all clubs lose money. The Trust will therefore also lose by the law of averages. The Exeter Trust loses £75,000 every season. They have been on easy street enjoying the ride but now have had to get off and contribute something. They prefer to run away from their responsibilities put the money in the bank and watch it devalue over time to such a point it becomes irrelevant.
I am not burdened by South Wales non conformist puritanic distaste for cash and wealth. I am just proud that little old Swansea could, for a few years at least, go to Old Trafford and Stamford Bridge and punch them on the nose. Even the oil sheiks got a scare last season. |
You are burdened by putting out spin in relation to the selling shareholders, deflecting and dodging issues but it is a pretty good attempt.
Have you ever thought of writing a fantasy fiction novel? | | | |
| Dai Little Swans Trust Legal Affiliate on 11:19 - Sep 2 with 1082 views | theloneranger |
| Dai Little Swans Trust Legal Affiliate on 23:39 - Sep 1 by ReslovenSwan1 |
Landore and Fairwood facilities were built by Swansea city for their use. The club built them in the Premier league a legacy for the club. I understand the University leases one of these facilities. Good business.
Landore is still open there has been no statement so far that is is being mothballed. Swansea will still have an Academy another Premier league legacy.
The playing style might not impress you but it impressed Jurgen Klopp and Frank Lampard sufficiently to send their best talents to the club. Players like Routledge Naughton joined in the PL. Esprito Santo similarly.
The Swansea Brand is good. Worldwide recognition by the likes of Bielsa. Lowe came to Swansea rather to go 1 hour up the road to Preston.
Te Vetch field was a health hazard and 50 years out of date. The so called 'sell outs' moved the club out. It would have capacity of 6000 once the North bank was fully seated.
Swansea city is a US Welsh company and the 21% owner the fans are not pulling their weight despite being worth over £21m in 2016. Fur coat and no keks. No cash when there is a cash call of owners. (like now). "Lost your wallet how come? What have you been doing for 18 years Sleeping ?"
There was no fire sale. This is propoganda. Fire sale indicates a return of 5% on the asset. Not true. Millions were recovered from sales many with big profits. Overall in the black.
The US owners clearly do care about Swansea city. The US people are the only peope to invest cash in Swansea city in in the last 18 years since 2002. It is not clear how much they have put into the club initially as a loan. Huw Jenkins did such a magnificent job he never asked the Trust for a bean. The Exeter Trust has been ploughing money into their club around £75,000 a season. I have been brought up not to abuse the man paying the bills. You might call it cheerleeding others would use less complimentary terms.
Who says the clubs finances are 'mess'.? Losses for the last two season has been small and the club is spending cash despite Covid 19 and reducing parachutes Certainly it is challenging but it is the same for all relegated teams. James and McBurnie were sold because they wanted to leave. £35m in fees another PL legacy.
It is life that people build companies and sell companies. If the people of the Trust find that distasteful they should never have become owners. The previous owners were there for 14 years of almost continous success seeing the stock value of the Trust increase 100 times. The Trust were still angry and bitter in 2016. Downright wierd if you ask me.
Swansea has had decades of unsatisfactory owners mostly just bobbling along in the lower leagues. The so called "sell outs" changed all that and the US people brought in the consumate professional Birch who is now in charge of a billion pound spaceship in North London. The majority of fans simply are not sophisiticated enough to understand this and that is putting it politiely.
The motives and motivation of the sellers and US owners is to see a return on their investment. Its called business. They will make money by expanding the club and stadium and being in the Premier league. Each team randomly has a 15% chance of promotion. Swansea chances are better than this average. Brentford are making a good fist of it without splashing the cash.
It obvious the Trust s holding was far too great for them to manage. It is obvious to me at any rate. Their ideal holding is 5% with a seat on the board and investment to maintain the holding. Almost all clubs lose money. The Trust will therefore also lose by the law of averages. The Exeter Trust loses £75,000 every season. They have been on easy street enjoying the ride but now have had to get off and contribute something. They prefer to run away from their responsibilities put the money in the bank and watch it devalue over time to such a point it becomes irrelevant.
I am not burdened by South Wales non conformist puritanic distaste for cash and wealth. I am just proud that little old Swansea could, for a few years at least, go to Old Trafford and Stamford Bridge and punch them on the nose. Even the oil sheiks got a scare last season. |
"I understand the University leases one of these facilities. Good business." ... 
Swansea University and the Swans jointly own the facility at Fairwood, BUT ...
The land everything is built on at Fairwood is totally owned by Swansea University, and the Swans lease the land!! |  |
| Everyday above ground ... Is a good day! 😎 |
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| Dai Little Swans Trust Legal Affiliate on 12:54 - Sep 2 with 1047 views | BillyChong |
| Dai Little Swans Trust Legal Affiliate on 23:39 - Sep 1 by ReslovenSwan1 |
Landore and Fairwood facilities were built by Swansea city for their use. The club built them in the Premier league a legacy for the club. I understand the University leases one of these facilities. Good business.
Landore is still open there has been no statement so far that is is being mothballed. Swansea will still have an Academy another Premier league legacy.
The playing style might not impress you but it impressed Jurgen Klopp and Frank Lampard sufficiently to send their best talents to the club. Players like Routledge Naughton joined in the PL. Esprito Santo similarly.
The Swansea Brand is good. Worldwide recognition by the likes of Bielsa. Lowe came to Swansea rather to go 1 hour up the road to Preston.
Te Vetch field was a health hazard and 50 years out of date. The so called 'sell outs' moved the club out. It would have capacity of 6000 once the North bank was fully seated.
Swansea city is a US Welsh company and the 21% owner the fans are not pulling their weight despite being worth over £21m in 2016. Fur coat and no keks. No cash when there is a cash call of owners. (like now). "Lost your wallet how come? What have you been doing for 18 years Sleeping ?"
There was no fire sale. This is propoganda. Fire sale indicates a return of 5% on the asset. Not true. Millions were recovered from sales many with big profits. Overall in the black.
The US owners clearly do care about Swansea city. The US people are the only peope to invest cash in Swansea city in in the last 18 years since 2002. It is not clear how much they have put into the club initially as a loan. Huw Jenkins did such a magnificent job he never asked the Trust for a bean. The Exeter Trust has been ploughing money into their club around £75,000 a season. I have been brought up not to abuse the man paying the bills. You might call it cheerleeding others would use less complimentary terms.
Who says the clubs finances are 'mess'.? Losses for the last two season has been small and the club is spending cash despite Covid 19 and reducing parachutes Certainly it is challenging but it is the same for all relegated teams. James and McBurnie were sold because they wanted to leave. £35m in fees another PL legacy.
It is life that people build companies and sell companies. If the people of the Trust find that distasteful they should never have become owners. The previous owners were there for 14 years of almost continous success seeing the stock value of the Trust increase 100 times. The Trust were still angry and bitter in 2016. Downright wierd if you ask me.
Swansea has had decades of unsatisfactory owners mostly just bobbling along in the lower leagues. The so called "sell outs" changed all that and the US people brought in the consumate professional Birch who is now in charge of a billion pound spaceship in North London. The majority of fans simply are not sophisiticated enough to understand this and that is putting it politiely.
The motives and motivation of the sellers and US owners is to see a return on their investment. Its called business. They will make money by expanding the club and stadium and being in the Premier league. Each team randomly has a 15% chance of promotion. Swansea chances are better than this average. Brentford are making a good fist of it without splashing the cash.
It obvious the Trust s holding was far too great for them to manage. It is obvious to me at any rate. Their ideal holding is 5% with a seat on the board and investment to maintain the holding. Almost all clubs lose money. The Trust will therefore also lose by the law of averages. The Exeter Trust loses £75,000 every season. They have been on easy street enjoying the ride but now have had to get off and contribute something. They prefer to run away from their responsibilities put the money in the bank and watch it devalue over time to such a point it becomes irrelevant.
I am not burdened by South Wales non conformist puritanic distaste for cash and wealth. I am just proud that little old Swansea could, for a few years at least, go to Old Trafford and Stamford Bridge and punch them on the nose. Even the oil sheiks got a scare last season. |
What does the Exeter Trust lose £75k a year on? I don’t think the supporters trust model is for funding a well established football club, particularly a worldwide reputable club with a legacy from years in the premier league. | | | |
| Dai Little Swans Trust Legal Affiliate on 13:44 - Sep 2 with 1022 views | ReslovenSwan1 |
| Dai Little Swans Trust Legal Affiliate on 12:54 - Sep 2 by BillyChong |
What does the Exeter Trust lose £75k a year on? I don’t think the supporters trust model is for funding a well established football club, particularly a worldwide reputable club with a legacy from years in the premier league. |
I think you are right. It is good to remember the Trust was formed when Swansea was a basket case club in a ramshakle stadium playing in front of 3000. Very similar to Exeter city in fact. In that environment it can flourish and contribute.
Exeter city Trust last time I looked own the club and appointed a management board. 3,000 member contribute £25 each which keeps the club affloat. Therefore the members cover the clubs loses. They will never get into the championship of course and will sell the family silver at knock down prices. They probably do not even have sell on clauses for Grimes and Watkins. Hopefully not anyway, Swansea city is serious business.
The moment Roberto Martinez walked into the Liberty office all that changed. The club has out grown the Trust who move at a glacial pace and cannot make decisions. This probably led to huge frustrations, anger bitterness and the rest on both sides. Legal action is simply a reflection of that and is entirely pointless and bad for the club.
Once the club had grown and got to the Premier league it was obvious they could not manage and hold 21 % and had to sell. This was the only sensible strategy for a responsible organisation. In the current cash call they have no money and therefore no use to anyone. Had they put themselves up for sale in 2012 -2016 with a strategy of holding and servicing a 5% holding they would hold £16m in the bank. Ideally most of this money would be in actively managed funds. (if allowed in the constitution). For every £1m invested by the Trust others would need £19m. Bingo an ideal scenario.
Covid 19 has struck and it is plain bad luck for everyone. Most will have put money away for a rainy day right? What if there is a problem with the steelwork in the stadium? The Trust has a tight grip on its precious £800,000 like an old Welsh farmer who sold his barn to a foreigner. Americans have come to the rescue with Mr Silverstein while the Welsh pronouce "another bloody Yank come to fleece the club". You can fool most of the people most of the time. | |
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| Dai Little Swans Trust Legal Affiliate on 14:13 - Sep 6 with 896 views | Nortbankboy |
| Dai Little Swans Trust Legal Affiliate on 13:44 - Sep 2 by ReslovenSwan1 |
I think you are right. It is good to remember the Trust was formed when Swansea was a basket case club in a ramshakle stadium playing in front of 3000. Very similar to Exeter city in fact. In that environment it can flourish and contribute.
Exeter city Trust last time I looked own the club and appointed a management board. 3,000 member contribute £25 each which keeps the club affloat. Therefore the members cover the clubs loses. They will never get into the championship of course and will sell the family silver at knock down prices. They probably do not even have sell on clauses for Grimes and Watkins. Hopefully not anyway, Swansea city is serious business.
The moment Roberto Martinez walked into the Liberty office all that changed. The club has out grown the Trust who move at a glacial pace and cannot make decisions. This probably led to huge frustrations, anger bitterness and the rest on both sides. Legal action is simply a reflection of that and is entirely pointless and bad for the club.
Once the club had grown and got to the Premier league it was obvious they could not manage and hold 21 % and had to sell. This was the only sensible strategy for a responsible organisation. In the current cash call they have no money and therefore no use to anyone. Had they put themselves up for sale in 2012 -2016 with a strategy of holding and servicing a 5% holding they would hold £16m in the bank. Ideally most of this money would be in actively managed funds. (if allowed in the constitution). For every £1m invested by the Trust others would need £19m. Bingo an ideal scenario.
Covid 19 has struck and it is plain bad luck for everyone. Most will have put money away for a rainy day right? What if there is a problem with the steelwork in the stadium? The Trust has a tight grip on its precious £800,000 like an old Welsh farmer who sold his barn to a foreigner. Americans have come to the rescue with Mr Silverstein while the Welsh pronouce "another bloody Yank come to fleece the club". You can fool most of the people most of the time. |
I don't agree with everything you say,
But I agree with most of it.
If fans think think are bad now.they weren't around in the 70s.
The last 17 yrs have been the club's most successful in its history | | | |
| Dai Little Swans Trust Legal Affiliate on 14:43 - Sep 6 with 888 views | swancity |
| Dai Little Swans Trust Legal Affiliate on 14:13 - Sep 6 by Nortbankboy |
I don't agree with everything you say,
But I agree with most of it.
If fans think think are bad now.they weren't around in the 70s.
The last 17 yrs have been the club's most successful in its history |
I enjoyed the 1976 to 1982 period even more
And it included our best ever league finish when we topped the League at various stages of the 1981/82 season. And top in the March if I recall correctly? That still takes some believing doesn’t it.
Alan Curtis Robbie James Leighton James Bob Latchford Ante Rajkovic Dzemal Hadziabdic. All legends. When £900 a week was a massive salary for a Swans player. When greed and selfish actions didn’t ruin everything .... | |
| Only an idiot would eat a turkey curry on Christmas day |
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| Dai Little Swans Trust Legal Affiliate on 15:34 - Sep 6 with 865 views | Nortbankboy |
| Dai Little Swans Trust Legal Affiliate on 14:43 - Sep 6 by swancity |
I enjoyed the 1976 to 1982 period even more
And it included our best ever league finish when we topped the League at various stages of the 1981/82 season. And top in the March if I recall correctly? That still takes some believing doesn’t it.
Alan Curtis Robbie James Leighton James Bob Latchford Ante Rajkovic Dzemal Hadziabdic. All legends. When £900 a week was a massive salary for a Swans player. When greed and selfish actions didn’t ruin everything .... |
Yes I enjoyed the tosh years as well.
But we fell back as fast as we came up.
But the first season in the first div was very memorable.
The second season not so | | | |
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