| Money being moved around? 09:40 - Jan 13 with 9912 views | Chief |
Poster seems to think 5million has been sent over to America from the football club:
Anyone make any sense of it? |  |
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| Money being moved around? on 22:28 - Jan 17 with 709 views | Garyjack |
| Money being moved around? on 22:19 - Jan 17 by ReslovenSwan1 |
They will not be crapping themselves if the club is in the Premier league in 6 months time. You might find an out of court settlement heading you way very quickly. You will be forcing them to buy the Trusts shares for half their market price. By the time you get to court it could be even more discounted. Football clubs in the PL are simply not getting any cheaper. it is reasonable to think Swansea can get back to the PL within the next decade.
You should be looking for around £40m for the Trust's shares at the right time not £20m or well south of £14m after costs and tax now. The legal case was based on a false premise of asset stripping relegation and ultimate administration. In other words "we have no choice". You need to re assess this false narrative and the dubious strategy that led from it.
You will not be looked on kindly if you and your friends sell all the Trusts shares for £21m now and see the US people sell the shares for £42m in two years time. For that reason selling all the holding should be off the agenda to save yourself future grief.
You may regard me as a complete idiot but you really do need to get a professional upto date valuation on the Trust's holding in the Premier league, in view of the £200m valuation of Burnley and £60m valuation of useless Derby county at the foot of the championship with an untested manager.
I listened to Mr Godden on the Kevin Day podcast. He came across and a decent eloquent and likeable chap. You got an honourable mention. Please discuss these issues with him and move on from all agendas of score settling in small town politics that has blighted south Wales for years.
By all means come back discuss it with Godden and tell me to get lost if you like. I will have done my duty by my concience which I probably cannot spell. [Post edited 17 Jan 2021 22:23]
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conscience |  | | |
| Money being moved around? on 23:37 - Jan 17 with 650 views | londonlisa2001 |
| Money being moved around? on 22:19 - Jan 17 by ReslovenSwan1 |
They will not be crapping themselves if the club is in the Premier league in 6 months time. You might find an out of court settlement heading you way very quickly. You will be forcing them to buy the Trusts shares for half their market price. By the time you get to court it could be even more discounted. Football clubs in the PL are simply not getting any cheaper. it is reasonable to think Swansea can get back to the PL within the next decade.
You should be looking for around £40m for the Trust's shares at the right time not £20m or well south of £14m after costs and tax now. The legal case was based on a false premise of asset stripping relegation and ultimate administration. In other words "we have no choice". You need to re assess this false narrative and the dubious strategy that led from it.
You will not be looked on kindly if you and your friends sell all the Trusts shares for £21m now and see the US people sell the shares for £42m in two years time. For that reason selling all the holding should be off the agenda to save yourself future grief.
You may regard me as a complete idiot but you really do need to get a professional upto date valuation on the Trust's holding in the Premier league, in view of the £200m valuation of Burnley and £60m valuation of useless Derby county at the foot of the championship with an untested manager.
I listened to Mr Godden on the Kevin Day podcast. He came across and a decent eloquent and likeable chap. You got an honourable mention. Please discuss these issues with him and move on from all agendas of score settling in small town politics that has blighted south Wales for years.
By all means come back discuss it with Godden and tell me to get lost if you like. I will have done my duty by my concience which I probably cannot spell. [Post edited 17 Jan 2021 22:23]
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You have completely the wrong end of the stick. |  | | |
| Money being moved around? on 10:34 - Jan 18 with 561 views | onehunglow |
| Money being moved around? on 19:30 - Jan 17 by ReslovenSwan1 |
Although fans say "I don't think anyone really begrudges the sellouts their money" I think you are very wrong. The bitterness is evident in many posts. Defenders of the sellers are abused or even banned on some forums. These people did a terrific job for Swansea city and the city itself for 15 years.
If you look at the Trust as a kindly charitable group doing good deeds selflessly in the community you are of course right to show them love. I once thought they needed to be cut slack as a charity but I was corrected. They are not a charity. They are a Trust and cannot expect to be treated like a charity or given preferential treatment. They will be measured on thier financial performance and engagement with he fans and the club itself.
Worth £21m in 2015 I suggest they should have considered employing professional managers to develop a sensible strategy with obtainable objectives and financial targets. Being a "good bloke" was not enough. As owners like any other they should be prepared to invest in the club in hard times like today. This avoids dilution. The Trust are particularly adapt at PR wih their soft online support and working class values but this has no cash spin offs for them.
They are grown adults who need no support and are responsible for their own decisions. As an organisation worth £21m in 2016 their performace in an highly risky field was financiallly stratospheric. When the other directors talked of moving on they should have been on alert. As an outsider I would asess their performance 2002 -2014 as excellent. 2015 -2021 their performance has been dismal. No effort was made in 2015 to facilitate a sale of part of their holding by getting a mandate. Ths was absolutely necessaary then, and still is.
You comparing the treatment of the Trust as similar to "mugging old ladies". They are not the Women institute they are are owners of 21% of a football team known world wide even now worth £10m perhaps.
They are in danger of blowing away whopping £42m dividend from a sale of the club in the Premier League which is enticingly close. I have cited the examples of the sale of Burnley. £200m. No one has convinced me that Swansea should not be sold for very much less. Inflation has destroyed the legal case. Would any member reading agree selling their house at the price of 5 years ago as a good idea, with a 40% commission from the estate agent? Only an idiot would agree to those terms.
These are of course 'fag packet' figures. I am no financial guru just a fan with decent instincts so do not label me a 'fraud'. The employement of slick London agents gives me the heebee geebees. These people can talk the hind leg off a donkey. Their projection for Swansea city future will of course be very low. They live in flats n the north bank of the Thames over looking Charlton Athletic. Swansea fans should know better.
Just think for yourself and ask if Burnley is worth £200m £2m per 1%, why is the Trust preparing to sue for £1m per 1% share with punishing fees costs to come? They might end up with £0.6m per 1%. Inflation is a killer. Some people think the seller under sold their holding in 2016. Do you think Levien and Silverstein will under sell? I do not.
Most people one here should be able to think for themselves and a have a CSE at least in maths. Look forward not backwards. Why did the local sellers keep a stake? |
It is utter drivel.They admit the action is for "justice" and to put matters right,which to me is simple revenge.
The club does not need this especially of we are -or should be-looking to attract new and better owner.For some,it is ALL about the sellers made and nothing else.They know it,we all know it. | |
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| Money being moved around? on 10:35 - Jan 18 with 560 views | onehunglow |
| Money being moved around? on 23:37 - Jan 17 by londonlisa2001 |
You have completely the wrong end of the stick. |
and YOU the right one-obviously.Who says which is right . | |
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| Money being moved around? on 12:29 - Jan 18 with 525 views | Treforys_Jack |
| Money being moved around? on 21:11 - Jan 17 by Treforys_Jack |
Waiting ....
You're problem is I have a long memory regarding what you gleefully posted many years ago and I also stood on the picket line back in the day, I saw some great police officers who were heartbroken about what they were having to do and others who loved it. You've freely admitted which you were, so I'll not be lectured about respect by you. |
Still waiting Perch, surely can't be hard to find if that's all I do with people I disagree with, as I disagree with a fair few on here. [Post edited 18 Jan 2021 15:54]
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