| More information on the Convertible Loan note 19:41 - Dec 3 with 12690 views | ReslovenSwan1 |
This is an extract from the Structured dialogue held early this month. (presented on Planetswans) . Given in parenthesis
[Julian stated that last year ownership invested, via a loan note, around £10-13 million. Jake Silverstein invested half, Jason Levien and Steve Kaplan matched that and some of our other shareholders contributed smaller amounts, into a convertible loan note. This club is a debt free club, apart from the convertible loan note, which is designed to leave the club debt free. We have capacity in the loan note to be able to do more and there will be a need this year for them to do more. We need to understand what we need from the January window and get through the beginning of the summer window. Our financial year is from August, so if a player is sold in July, then it would go into this year’s numbers.]
It seems some of the local shareholders may also have contributed. Interesting.
[Post edited 3 Dec 2021 19:44]
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| More information on the Convertible Loan note on 19:46 - Dec 22 with 1096 views | ReslovenSwan1 |
| More information on the Convertible Loan note on 18:10 - Dec 22 by max936 |
I knew you had some out there ideas but your view on this is an eye opener. Staggering lack of knowledge. You've surprised me."
He's never surprised me, he just waffles on and on and on, tying himself up in knots, most this thread should be put in the archives under the headline, Baffling Nonsense. |
Well the sale was 5 and a half ago. I have explained the clubs owners have the funds to fulfil the obligations of the court whatever happens.
£8m the market value of the SCST at present.
£13m back off the as the CLN is recovered (the club will take on a new creditor).
I do not see why they would issue new shares if the Court order them to buy the 21% held by the SCST. | |
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| More information on the Convertible Loan note on 19:56 - Dec 22 with 1082 views | Chief |
| More information on the Convertible Loan note on 19:46 - Dec 22 by ReslovenSwan1 |
Well the sale was 5 and a half ago. I have explained the clubs owners have the funds to fulfil the obligations of the court whatever happens.
£8m the market value of the SCST at present.
£13m back off the as the CLN is recovered (the club will take on a new creditor).
I do not see why they would issue new shares if the Court order them to buy the 21% held by the SCST. |
- good news, why all this angst from you then?
- the Americans would probably themselves prefer to the interest themselves rather than let another entity do it.
- because roughly 5mill of the CLN relates to a party not involved in legal action who'd have no reason to remove it to buy more expensive shares. |  |
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| More information on the Convertible Loan note on 20:14 - Dec 22 with 1066 views | ReslovenSwan1 |
| More information on the Convertible Loan note on 19:56 - Dec 22 by Chief |
- good news, why all this angst from you then?
- the Americans would probably themselves prefer to the interest themselves rather than let another entity do it.
- because roughly 5mill of the CLN relates to a party not involved in legal action who'd have no reason to remove it to buy more expensive shares. |
I would prefer the US people to buy new shares and give the money to Mr Winter. Buying old SCST shares sees no new money going into the club. Since the £13m has already probably been spent this will have to be covered by debt when the loan is recovered.
The US people are partners. | |
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| More information on the Convertible Loan note on 20:14 - Dec 22 with 1066 views | max936 |
| More information on the Convertible Loan note on 19:56 - Dec 22 by Chief |
- good news, why all this angst from you then?
- the Americans would probably themselves prefer to the interest themselves rather than let another entity do it.
- because roughly 5mill of the CLN relates to a party not involved in legal action who'd have no reason to remove it to buy more expensive shares. |
I wouldn't bother chief, you're hitting your head against a brick wall. |  | | |
| More information on the Convertible Loan note on 20:34 - Dec 22 with 1057 views | Chief |
| More information on the Convertible Loan note on 20:14 - Dec 22 by ReslovenSwan1 |
I would prefer the US people to buy new shares and give the money to Mr Winter. Buying old SCST shares sees no new money going into the club. Since the £13m has already probably been spent this will have to be covered by debt when the loan is recovered.
The US people are partners. |
- they are wealthy people, they are capable of doing both. There are other shareholders that can be diluted. It's in their interest. As it stands it's just a loan anyway. No guarantee they will ever convert.
- Silverstein signed up to be part of a CLN with the promise of Championship priced shares knowing that a xourt case is upcoming. He's a businessman looking to make money. K&L willingly let him be involved in the CLN, he's not going to want to pay premier league prices and has no obligation or reason to | |
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| More information on the Convertible Loan note on 22:05 - Dec 22 with 1037 views | ReslovenSwan1 |
| More information on the Convertible Loan note on 20:34 - Dec 22 by Chief |
- they are wealthy people, they are capable of doing both. There are other shareholders that can be diluted. It's in their interest. As it stands it's just a loan anyway. No guarantee they will ever convert.
- Silverstein signed up to be part of a CLN with the promise of Championship priced shares knowing that a xourt case is upcoming. He's a businessman looking to make money. K&L willingly let him be involved in the CLN, he's not going to want to pay premier league prices and has no obligation or reason to |
Of course they are capable. The only trouble is they will not.
There are good reasons why they use a convertible loan note good reasons why it has a 5 year term and good reasons why it is worth the difference in the current and 2016 prices.
In any business unexpected costs are given to the customers. That is just the way it is. Season ticket holders consider your self fully informed. | |
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| More information on the Convertible Loan note on 22:53 - Dec 22 with 1024 views | Chief |
| More information on the Convertible Loan note on 22:05 - Dec 22 by ReslovenSwan1 |
Of course they are capable. The only trouble is they will not.
There are good reasons why they use a convertible loan note good reasons why it has a 5 year term and good reasons why it is worth the difference in the current and 2016 prices.
In any business unexpected costs are given to the customers. That is just the way it is. Season ticket holders consider your self fully informed. |
- well we both agree they have the means so logic dictates they should. It allows them to acquire more shares at a cheaper Championship price in the club, while maintaining their holding, their asset, the club that they'll own 80%+ shares in on an even keel with a fighting chance of reaching the premier league in the near future.
- Yes, to loan the club money fast without properly committing. Zero risk punt. If the difference that you go on about so often was relevant Winter wouldn't be talking about increasing the CLN knocking your theory off kilter.
- These aren't unexpected costs. The Americans have known this was a very real possibility probably before they completed the purchase. Silverstein certainly was aware of it - he was on the zoom call where Levein stated his desire to re-engage with the trust, so he can't plead ignorance either. | |
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| More information on the Convertible Loan note on 14:03 - Dec 23 with 976 views | ReslovenSwan1 |
| More information on the Convertible Loan note on 22:53 - Dec 22 by Chief |
- well we both agree they have the means so logic dictates they should. It allows them to acquire more shares at a cheaper Championship price in the club, while maintaining their holding, their asset, the club that they'll own 80%+ shares in on an even keel with a fighting chance of reaching the premier league in the near future.
- Yes, to loan the club money fast without properly committing. Zero risk punt. If the difference that you go on about so often was relevant Winter wouldn't be talking about increasing the CLN knocking your theory off kilter.
- These aren't unexpected costs. The Americans have known this was a very real possibility probably before they completed the purchase. Silverstein certainly was aware of it - he was on the zoom call where Levein stated his desire to re-engage with the trust, so he can't plead ignorance either. |
"" The Yanks have loads of money let them pay for everything" mentality of you and the SCST members in general is why they need to buck up their ideas. This is a 'passenger mentality'.
I understand it and Levein understands it and Silverstein understand their partners are 'passengers'. Worth £21,000,000 back in 2015 they were not minded to sell or hold cash. They have had 2 strategies and neither involves investing in Swansea city.
25% holding which was well out of their reach 2002-2016 and holding a nest egg insurance 2017-2021. Both strategies are useless to the club. Once they force local business people and the US owners to buy their shares at PL prices they will probably be seen in the business community as 'toxic'.
Holding a nest egg is pointless with 5% inflation and no investment strategy. It like buying a house in 2010 and selling it at the 2010 price in 2022. Ordinary people do not do this why should the SCST ? The Trust have had a house worth £880,000 in 2012 growing at a 0.15% interest. About £1300 every year.
The club owners will inform them at some point that they will either issue new shares or buy the SCST shares not both. The SCST will be left in no doubt that their money will come from the money promised and already spent by Mr Winter to cover losses in the "Great Plague".
The CLN was a game changer. The 'passenger' want to jump ship once the trajectory of the club has plateaued and investment is required. It figures
"Let the Yankees pay for everything and do a runner ". Sadly the Season ticket holders (many of the members) will be left behind to pick up the tab. They cannot run. Business is business. | |
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| More information on the Convertible Loan note on 14:54 - Dec 23 with 968 views | Chief |
| More information on the Convertible Loan note on 14:03 - Dec 23 by ReslovenSwan1 |
"" The Yanks have loads of money let them pay for everything" mentality of you and the SCST members in general is why they need to buck up their ideas. This is a 'passenger mentality'.
I understand it and Levein understands it and Silverstein understand their partners are 'passengers'. Worth £21,000,000 back in 2015 they were not minded to sell or hold cash. They have had 2 strategies and neither involves investing in Swansea city.
25% holding which was well out of their reach 2002-2016 and holding a nest egg insurance 2017-2021. Both strategies are useless to the club. Once they force local business people and the US owners to buy their shares at PL prices they will probably be seen in the business community as 'toxic'.
Holding a nest egg is pointless with 5% inflation and no investment strategy. It like buying a house in 2010 and selling it at the 2010 price in 2022. Ordinary people do not do this why should the SCST ? The Trust have had a house worth £880,000 in 2012 growing at a 0.15% interest. About £1300 every year.
The club owners will inform them at some point that they will either issue new shares or buy the SCST shares not both. The SCST will be left in no doubt that their money will come from the money promised and already spent by Mr Winter to cover losses in the "Great Plague".
The CLN was a game changer. The 'passenger' want to jump ship once the trajectory of the club has plateaued and investment is required. It figures
"Let the Yankees pay for everything and do a runner ". Sadly the Season ticket holders (many of the members) will be left behind to pick up the tab. They cannot run. Business is business. |
- I'm just going off what you told us. You said on this very thread they have the resources to do both. These are your words, you can't criticise others for using them unless you know them to be false.
- well you're saying that Silverstein &Levein are going to remove their CLN. So their strategy can't be to invest in Swansea City either then.
- well the trust didn't start with 21%, they have gained shares over the years so it's an entirely feasible aim to want 25%, all minority shareholders should. You can't say that a supporters trust with a large fund that can only ever be spent in relation to Swansea City FC is of no use to the club. That's just silliness. The Americans have already taken the local council and building firm to court. presumably you think they're toxic too? Balance Resloven. Balance.
- there will be an investment strategy, once the award and structure of payments etc is known. You keep ignoring this even though I've told you this repeatedly. As ever you are also ignoring the fact that 800k in an instant access account is a very different proposition to the large funds potentially coming the trust's way. If they put it in a Santander account and nothing else they deserve criticism. But realistically they won't and you know this, but of course you're using it as a stick to beat them with.
- when do they plan to do this? It hasn't been relayed to trust yet despite the summons letters already having been sent out. Still no reported contact from the defendants (despite promises to).
- that would be the case if this were a recent development and a strategy change. But it's not, trust action has been in the offing since we were a premier league well before there was talk of loaning the club money. You like to make light of how long it's taken to get to court but it contradicts this point you've just made. Again throwing cachu at the wall hoping something sticks even though you've got contradictory sioleds in each hand.
- can you provide a link to where you found that quote please? That's a red herring too. Just another trust bashing tactic. You know at some point that ticket prices will go up to pre-pandemic prices and this would have been the case if there had been no CLN or case or takeover, but when it happens you're going to blame the trust. Standard stuff now, but I can see right through you. | |
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| More information on the Convertible Loan note on 15:42 - Dec 23 with 957 views | ReslovenSwan1 |
| More information on the Convertible Loan note on 14:54 - Dec 23 by Chief |
- I'm just going off what you told us. You said on this very thread they have the resources to do both. These are your words, you can't criticise others for using them unless you know them to be false.
- well you're saying that Silverstein &Levein are going to remove their CLN. So their strategy can't be to invest in Swansea City either then.
- well the trust didn't start with 21%, they have gained shares over the years so it's an entirely feasible aim to want 25%, all minority shareholders should. You can't say that a supporters trust with a large fund that can only ever be spent in relation to Swansea City FC is of no use to the club. That's just silliness. The Americans have already taken the local council and building firm to court. presumably you think they're toxic too? Balance Resloven. Balance.
- there will be an investment strategy, once the award and structure of payments etc is known. You keep ignoring this even though I've told you this repeatedly. As ever you are also ignoring the fact that 800k in an instant access account is a very different proposition to the large funds potentially coming the trust's way. If they put it in a Santander account and nothing else they deserve criticism. But realistically they won't and you know this, but of course you're using it as a stick to beat them with.
- when do they plan to do this? It hasn't been relayed to trust yet despite the summons letters already having been sent out. Still no reported contact from the defendants (despite promises to).
- that would be the case if this were a recent development and a strategy change. But it's not, trust action has been in the offing since we were a premier league well before there was talk of loaning the club money. You like to make light of how long it's taken to get to court but it contradicts this point you've just made. Again throwing cachu at the wall hoping something sticks even though you've got contradictory sioleds in each hand.
- can you provide a link to where you found that quote please? That's a red herring too. Just another trust bashing tactic. You know at some point that ticket prices will go up to pre-pandemic prices and this would have been the case if there had been no CLN or case or takeover, but when it happens you're going to blame the trust. Standard stuff now, but I can see right through you. |
The quote is my quote summing up the SCST position as I see it.
There is and was, no obvious business strategy for a whopping £880,000 in the bank as far as I can see from accounts. This is big money not pennies. A simple move to a HSBC business bond of 1.2% would have seen them gross £8800 extra per year. Over 6 years £52,800 extra or subscriptions for another 10,000 members. Their track record gives no confidence. Santander probably had similar products. Switching accounts would have been easy. A simple phone call or morning meeting was enough.
The US will run the club sustainably. This means moneys to pay the SCST will be generated from Wales not the USA. The CLN is intended to clear deficits and create profit in a time of low player prices. Piroe, Downes and Patterson were bargains at £2m and Obafemi has potential at £2m. Selling these players can also pay off the SCST as can increasing season ticket prices beyond pre plague levels. Sustainability.
Selling Piroe theoretically will clear most of the CLN immediately leaving it free to pay off the SCST if the case is lost. More sustainable 'hard medicine'.
There is a Newport fan on here telling us of a crowd funding scheme to help Newport County. Swansea fans on the other hand are being subsidised by the club and its owners. The SCST have £880,000 in the bank. Any news from them on helping the club or fans?
What about an interest free loan to cover the lost crowds over the new year to help Marrtin buy new players? £300,000 will do it. | |
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| More information on the Convertible Loan note on 15:51 - Dec 23 with 950 views | max936 |
| More information on the Convertible Loan note on 15:42 - Dec 23 by ReslovenSwan1 |
The quote is my quote summing up the SCST position as I see it.
There is and was, no obvious business strategy for a whopping £880,000 in the bank as far as I can see from accounts. This is big money not pennies. A simple move to a HSBC business bond of 1.2% would have seen them gross £8800 extra per year. Over 6 years £52,800 extra or subscriptions for another 10,000 members. Their track record gives no confidence. Santander probably had similar products. Switching accounts would have been easy. A simple phone call or morning meeting was enough.
The US will run the club sustainably. This means moneys to pay the SCST will be generated from Wales not the USA. The CLN is intended to clear deficits and create profit in a time of low player prices. Piroe, Downes and Patterson were bargains at £2m and Obafemi has potential at £2m. Selling these players can also pay off the SCST as can increasing season ticket prices beyond pre plague levels. Sustainability.
Selling Piroe theoretically will clear most of the CLN immediately leaving it free to pay off the SCST if the case is lost. More sustainable 'hard medicine'.
There is a Newport fan on here telling us of a crowd funding scheme to help Newport County. Swansea fans on the other hand are being subsidised by the club and its owners. The SCST have £880,000 in the bank. Any news from them on helping the club or fans?
What about an interest free loan to cover the lost crowds over the new year to help Marrtin buy new players? £300,000 will do it. |
THE ACTION IS AGAINST YOUR MATES THE SELLERS. So stop trying to enforce your false narrative that any award the SCST may get will come out of the Club. IT WON'T
So stop harping on endlessly and go and pick daisies. | | | |
| More information on the Convertible Loan note on 16:13 - Dec 23 with 940 views | Chief |
| More information on the Convertible Loan note on 15:42 - Dec 23 by ReslovenSwan1 |
The quote is my quote summing up the SCST position as I see it.
There is and was, no obvious business strategy for a whopping £880,000 in the bank as far as I can see from accounts. This is big money not pennies. A simple move to a HSBC business bond of 1.2% would have seen them gross £8800 extra per year. Over 6 years £52,800 extra or subscriptions for another 10,000 members. Their track record gives no confidence. Santander probably had similar products. Switching accounts would have been easy. A simple phone call or morning meeting was enough.
The US will run the club sustainably. This means moneys to pay the SCST will be generated from Wales not the USA. The CLN is intended to clear deficits and create profit in a time of low player prices. Piroe, Downes and Patterson were bargains at £2m and Obafemi has potential at £2m. Selling these players can also pay off the SCST as can increasing season ticket prices beyond pre plague levels. Sustainability.
Selling Piroe theoretically will clear most of the CLN immediately leaving it free to pay off the SCST if the case is lost. More sustainable 'hard medicine'.
There is a Newport fan on here telling us of a crowd funding scheme to help Newport County. Swansea fans on the other hand are being subsidised by the club and its owners. The SCST have £880,000 in the bank. Any news from them on helping the club or fans?
What about an interest free loan to cover the lost crowds over the new year to help Marrtin buy new players? £300,000 will do it. |
- thanks for clarifying it was a fabrication on your behalf..
- there cant realistically be a business strategy with 800k and less. They need constant access to the account to run day to day and fund a legal case. You're criticising them for something you know they can't really do. They cant tie it up. Completely different story with £21million. This is obvious but you decline to say that. The fact they still do function under the constraints you are aware of is a track record.
- well that's great news, if the trust's case indirectly breeds a air of sustainability that's great. I'd prefer all the club's money to be generated over and not to be loaned to the club from America.
- well if they chose to sell Piroe to take back their loan the their choice. Fact is Piroe could get sold at any time and probably would have CLN, trust case or not. If Leicester come calling he's going just how the club has always been run. This is simply you framing it as the trust's fault and not a championship striker wanting to and or being sold to the fa cup holders and recent league champions.
- you mean the club has been loaned money with interest that the club will have to pay back. As you are fully aware however but suspiciously decline to add is that SCST were not invited to join the loan nor even realistically ask to join because as you also know they haven't been provided with the full terms of the CLN. So yet again, it's criticism that you know is unwarranted.
- are the Americans going to remove the interest from their loan then? The trust were excluded from the previous loan, what makes you think you the American decision will allow this 300k loan that no one but you is calling for and only from one shareholder?
There's quite a few omissions I've flagged up from you there. And the information I've told you you have declined to include can't be disputed. It's all fact. Maybe in your next post you can take that it on board and provide the whole picture.
Not ignore facts that you know ruin your agenda. It'll improve your credibility. | |
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| More information on the Convertible Loan note on 17:20 - Dec 23 with 926 views | ReslovenSwan1 |
| More information on the Convertible Loan note on 16:13 - Dec 23 by Chief |
- thanks for clarifying it was a fabrication on your behalf..
- there cant realistically be a business strategy with 800k and less. They need constant access to the account to run day to day and fund a legal case. You're criticising them for something you know they can't really do. They cant tie it up. Completely different story with £21million. This is obvious but you decline to say that. The fact they still do function under the constraints you are aware of is a track record.
- well that's great news, if the trust's case indirectly breeds a air of sustainability that's great. I'd prefer all the club's money to be generated over and not to be loaned to the club from America.
- well if they chose to sell Piroe to take back their loan the their choice. Fact is Piroe could get sold at any time and probably would have CLN, trust case or not. If Leicester come calling he's going just how the club has always been run. This is simply you framing it as the trust's fault and not a championship striker wanting to and or being sold to the fa cup holders and recent league champions.
- you mean the club has been loaned money with interest that the club will have to pay back. As you are fully aware however but suspiciously decline to add is that SCST were not invited to join the loan nor even realistically ask to join because as you also know they haven't been provided with the full terms of the CLN. So yet again, it's criticism that you know is unwarranted.
- are the Americans going to remove the interest from their loan then? The trust were excluded from the previous loan, what makes you think you the American decision will allow this 300k loan that no one but you is calling for and only from one shareholder?
There's quite a few omissions I've flagged up from you there. And the information I've told you you have declined to include can't be disputed. It's all fact. Maybe in your next post you can take that it on board and provide the whole picture.
Not ignore facts that you know ruin your agenda. It'll improve your credibility. |
£21m now that is a fabrication. I have postulated £13 -£14 at best.
How much are the funders fee? - you have no idea.
What fees are in place if they lose the case? You have no idea.
Tax? you have no idea
Why not pretend they do not exist? Great plan. Avoiding bad news is always popular. | |
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| More information on the Convertible Loan note on 18:04 - Dec 23 with 916 views | Chief |
| More information on the Convertible Loan note on 17:20 - Dec 23 by ReslovenSwan1 |
£21m now that is a fabrication. I have postulated £13 -£14 at best.
How much are the funders fee? - you have no idea.
What fees are in place if they lose the case? You have no idea.
Tax? you have no idea
Why not pretend they do not exist? Great plan. Avoiding bad news is always popular. |
- YOU have postulated - YOU. You and no one else. Circa £21million is not a fabrication, that's the amount the Americans would have to pay if the judge ruled in that way. That's a fact.
- Exactly, I'm not going to bother making stuff up like you do, I'm working off what we do know.
- I'm not, but I have no idea how they are, so silly to speculate too much. There's also potential damages from the sellouts to consider so these fees / taxes could be cancelled out by that section of a potential award. As I've pointed out, if the judge rule in the trust's favour, this would likely mean complicity by the sellouts was proven, so they won't walk out of court scott free. But I don't know how likely that is, so I'm not going to claim it as fact
- Popular with you are evidenced your constant omissions - information you'd see as bad news for your agenda. I take everything on board and address everything you say. You on the other hand are a habitual ignorer. | |
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| More information on the Convertible Loan note on 18:50 - Dec 23 with 900 views | ReslovenSwan1 |
| More information on the Convertible Loan note on 18:04 - Dec 23 by Chief |
- YOU have postulated - YOU. You and no one else. Circa £21million is not a fabrication, that's the amount the Americans would have to pay if the judge ruled in that way. That's a fact.
- Exactly, I'm not going to bother making stuff up like you do, I'm working off what we do know.
- I'm not, but I have no idea how they are, so silly to speculate too much. There's also potential damages from the sellouts to consider so these fees / taxes could be cancelled out by that section of a potential award. As I've pointed out, if the judge rule in the trust's favour, this would likely mean complicity by the sellouts was proven, so they won't walk out of court scott free. But I don't know how likely that is, so I'm not going to claim it as fact
- Popular with you are evidenced your constant omissions - information you'd see as bad news for your agenda. I take everything on board and address everything you say. You on the other hand are a habitual ignorer. |
You stated in brackets.
[There cant realistically be a business strategy with 800k and less. They need constant access to the account to run day to day and fund a legal case. You're criticising them for something you know they can't really do. They cant tie it up. Completely different story with £21million]
So you are ommitting the funders costs, court fees and tax? No win no fee services are given for free? Good luck with that. I suppose in fantasy land you live it it is true. You are working off what you know and that is very little. Oh dear.
Why should you know anything? You are only a member after all. Time the SCST was a little more democratic perhaps? Time for a review in my opinion.
They seem to be working well with Mr Winter these days. Good to see. | |
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| More information on the Convertible Loan note on 19:24 - Dec 23 with 892 views | Chief |
| More information on the Convertible Loan note on 18:50 - Dec 23 by ReslovenSwan1 |
You stated in brackets.
[There cant realistically be a business strategy with 800k and less. They need constant access to the account to run day to day and fund a legal case. You're criticising them for something you know they can't really do. They cant tie it up. Completely different story with £21million]
So you are ommitting the funders costs, court fees and tax? No win no fee services are given for free? Good luck with that. I suppose in fantasy land you live it it is true. You are working off what you know and that is very little. Oh dear.
Why should you know anything? You are only a member after all. Time the SCST was a little more democratic perhaps? Time for a review in my opinion.
They seem to be working well with Mr Winter these days. Good to see. |
- no, I'm not denying the existence of those things. Court costs for one I'd say would be paid for by the losers as is common, tax is tax, that's a pre-requisite. Funders fee is impossible to predict. Just as is the damages that could be enforced by the judge on the sellouts.
- well I know as much as you, but I'm not in the business of completely ignoring things or making things up.
- more democratic than giving a mandate to the membership? The very epitome of democracy. A time consuming review aye, thought the length of time it took for the case to get this far was a big bear for you. Yet another example of you tripping yourself up over your own fantasies and contradictory disingenuous storys.
- yes admirable of the trust to get on with the day to day running of the club despite the way they've been treated, for the good of the club. Not s mindi in sight. | |
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| More information on the Convertible Loan note on 21:13 - Dec 23 with 860 views | Catullus |
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| More information on the Convertible Loan note on 23:32 - Dec 23 with 833 views | ReslovenSwan1 |
| More information on the Convertible Loan note on 19:24 - Dec 23 by Chief |
- no, I'm not denying the existence of those things. Court costs for one I'd say would be paid for by the losers as is common, tax is tax, that's a pre-requisite. Funders fee is impossible to predict. Just as is the damages that could be enforced by the judge on the sellouts.
- well I know as much as you, but I'm not in the business of completely ignoring things or making things up.
- more democratic than giving a mandate to the membership? The very epitome of democracy. A time consuming review aye, thought the length of time it took for the case to get this far was a big bear for you. Yet another example of you tripping yourself up over your own fantasies and contradictory disingenuous storys.
- yes admirable of the trust to get on with the day to day running of the club despite the way they've been treated, for the good of the club. Not s mindi in sight. |
The funders fee is not impossible to predict. The previous chairman said the fees were expensive so he must have known them. No doubt millions. What are they? Get Swansea independent on the case. [Post edited 23 Dec 2021 23:38]
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| More information on the Convertible Loan note on 00:07 - Dec 24 with 825 views | Chief |
| More information on the Convertible Loan note on 23:32 - Dec 23 by ReslovenSwan1 |
The funders fee is not impossible to predict. The previous chairman said the fees were expensive so he must have known them. No doubt millions. What are they? Get Swansea independent on the case. [Post edited 23 Dec 2021 23:38]
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- Probably sensitive commercial information that can't be released to the public.
Anyway Resloven, I hope you have a nice Christmas up in the Cwm Nedd, will revisit this thread after the festive period. | |
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| More information on the Convertible Loan note on 10:52 - Dec 24 with 784 views | BillyChong |
| More information on the Convertible Loan note on 14:03 - Dec 23 by ReslovenSwan1 |
"" The Yanks have loads of money let them pay for everything" mentality of you and the SCST members in general is why they need to buck up their ideas. This is a 'passenger mentality'.
I understand it and Levein understands it and Silverstein understand their partners are 'passengers'. Worth £21,000,000 back in 2015 they were not minded to sell or hold cash. They have had 2 strategies and neither involves investing in Swansea city.
25% holding which was well out of their reach 2002-2016 and holding a nest egg insurance 2017-2021. Both strategies are useless to the club. Once they force local business people and the US owners to buy their shares at PL prices they will probably be seen in the business community as 'toxic'.
Holding a nest egg is pointless with 5% inflation and no investment strategy. It like buying a house in 2010 and selling it at the 2010 price in 2022. Ordinary people do not do this why should the SCST ? The Trust have had a house worth £880,000 in 2012 growing at a 0.15% interest. About £1300 every year.
The club owners will inform them at some point that they will either issue new shares or buy the SCST shares not both. The SCST will be left in no doubt that their money will come from the money promised and already spent by Mr Winter to cover losses in the "Great Plague".
The CLN was a game changer. The 'passenger' want to jump ship once the trajectory of the club has plateaued and investment is required. It figures
"Let the Yankees pay for everything and do a runner ". Sadly the Season ticket holders (many of the members) will be left behind to pick up the tab. They cannot run. Business is business. |
The CLN is not an investment, it’s a loan/debt | | | |
| More information on the Convertible Loan note on 15:33 - Dec 24 with 748 views | ReslovenSwan1 |
| More information on the Convertible Loan note on 10:52 - Dec 24 by BillyChong |
The CLN is not an investment, it’s a loan/debt |
Silverstein is over here for three weeks working on transfers. Simple creditors do normally work with club officials to close out signings. He has some form of understanding that he will by buy either new shares or the SCST shares at he current valuation.
I am sure he will buy club shares in the club with his money. | |
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| More information on the Convertible Loan note on 16:25 - Dec 24 with 738 views | max936 |
| More information on the Convertible Loan note on 15:33 - Dec 24 by ReslovenSwan1 |
Silverstein is over here for three weeks working on transfers. Simple creditors do normally work with club officials to close out signings. He has some form of understanding that he will by buy either new shares or the SCST shares at he current valuation.
I am sure he will buy club shares in the club with his money. |
Give him a ring perhaps he'll take you on to advise him, we'll happily give you a free transfer. | | | |
| More information on the Convertible Loan note on 16:39 - Dec 24 with 736 views | BillyChong |
| More information on the Convertible Loan note on 15:33 - Dec 24 by ReslovenSwan1 |
Silverstein is over here for three weeks working on transfers. Simple creditors do normally work with club officials to close out signings. He has some form of understanding that he will by buy either new shares or the SCST shares at he current valuation.
I am sure he will buy club shares in the club with his money. |
Well this ‘involvement in transfers’ thing may well be a bit of PR for him ready for that to happen. | | | |
| More information on the Convertible Loan note on 16:42 - Dec 24 with 735 views | BillyChong |
| More information on the Convertible Loan note on 00:07 - Dec 24 by Chief |
- Probably sensitive commercial information that can't be released to the public.
Anyway Resloven, I hope you have a nice Christmas up in the Cwm Nedd, will revisit this thread after the festive period. |
Yes despite the difference of opinions have a nice festive season Res. A festive truce is called, maybe the Chief will be heading up to Cwm Nedd for a festive kick around in the trenches. | | | |
| More information on the Convertible Loan note on 17:18 - Dec 24 with 728 views | ReslovenSwan1 |
| More information on the Convertible Loan note on 16:42 - Dec 24 by BillyChong |
Yes despite the difference of opinions have a nice festive season Res. A festive truce is called, maybe the Chief will be heading up to Cwm Nedd for a festive kick around in the trenches. |
Frohe Weihnachten und ein glückliches Neues Jahr  | |
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