| More information on the Convertible Loan note 19:41 - Dec 3 with 12697 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 07:39 - Dec 10 with 793 views | Chief |
| More information on the Convertible Loan note on 00:14 - Dec 10 by ReslovenSwan1 |
I got three more votes than I expected. Perhaps the other two were by accident too. I am up against a very powerful but fake narrative that attacks the club ownership at any opportunity. It is based on a soft Socialist Sunday school ethos that continues to hold south Wales back. Profit is bad and leadership by committee is superior to driven achievers. The WRU was ran into the ground until it reformed taking away power from committees.
In this word the SCST has more sense than the ex Chairman and Mr Morgan. 1000 brain must be more sensible and virtuous than two right? Wrong of course. Two sharp brains are far better than 1000 passenger brains along for the ride. What are the costs of legal action? No idea. What happens if you lose? No idea. What are you going to invest in? No idea. How are you going to get back into the club in future? No idea. You voted for it? Really?
In this world the SCST is skint not from basic poor governance and a useless strategy but by unfair practices. Fake. It is getting 0.15% on its money and wants more to waste. Where is the imagination.? The big issue for members is where the SCST sit on match day. The new board member has assured fans that they take the VIP seats in rotation not both at the same time. In touch with member sentiment, by crickey.
Levien and Kaplan seem like decent people to me. Silverstein is a much better communicator. They will run Swansea to eventually make them a profit. It may take 10-15 years but they will get there in the end. There are more basket case clubs than well run clubs. The PL is becoming a sugar daddy league owned by States and Oligarchs. Southampton will probably thrash Swansea with their reserves but still are struggling to keep their heads above water.
If the Trust want out then they can go. They are not much use to Swansea city. Their structure was designed for small town clubs like Exeter City. Swansea city has outgrown its ageing exoskeleton (The Trust). When changes needed to be made the old crab did not want to discard its old shell.
The old crusty crab does not want investment as it causes dilution. The crab exoskeleton was fine for 20 years but it now needs to be shed an a new one grown otherwise it will choke itself to death by being constricted.
The way I see things as the club grows it grows the Trust must be discarded unless they learn to think differently and explore how they fit in with a free market economy able to invest and protect itself from inflation.
Tedious to some who prefer to discuss their favourite kit from the last 25 years. The Gulf one was mind as it happens. Crabs shell exoskeletons analogies. No wonder I got a mighty 4 votes beaten only by the formidable Dr P with his facts and sharp texts and Jasper every ones favourite for his facts and pleasant demeanour. |
Wow that's quite the monologue. I'll keep on track and just present you with the news instead of sifting through yet another copy and paste template.
I just wanted to tell you that I was correct - on both counts:
- trust were not invited to contribute.
- trust not informed of the involvement of other shareholders in the CLN. |  |
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| More information on the Convertible Loan note on 18:19 - Dec 10 with 723 views | shingle |
| More information on the Convertible Loan note on 18:47 - Dec 9 by Chief |
Nice of my fan club to turn up on the thread.
I'm definitely doing something right then. |
The only thing you are doing you muppet is giving people the impression that you have serious issues, spending half of your existence arguing for hours on end with every Tom Dick and Harry on a football forum proves you deserve to have the p_ss taken out of you. |  | | |
| More information on the Convertible Loan note on 18:29 - Dec 10 with 719 views | Chief |
| More information on the Convertible Loan note on 18:19 - Dec 10 by shingle |
The only thing you are doing you muppet is giving people the impression that you have serious issues, spending half of your existence arguing for hours on end with every Tom Dick and Harry on a football forum proves you deserve to have the p_ss taken out of you. |
Haha  | |
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| More information on the Convertible Loan note on 19:01 - Dec 10 with 712 views | Catullus |
| More information on the Convertible Loan note on 18:19 - Dec 10 by shingle |
The only thing you are doing you muppet is giving people the impression that you have serious issues, spending half of your existence arguing for hours on end with every Tom Dick and Harry on a football forum proves you deserve to have the p_ss taken out of you. |
Ironic really. | |
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| More information on the Convertible Loan note on 19:18 - Dec 10 with 708 views | ReslovenSwan1 |
| More information on the Convertible Loan note on 07:39 - Dec 10 by Chief |
Wow that's quite the monologue. I'll keep on track and just present you with the news instead of sifting through yet another copy and paste template.
I just wanted to tell you that I was correct - on both counts:
- trust were not invited to contribute.
- trust not informed of the involvement of other shareholders in the CLN. |
Where does this information come from. Sources please. | |
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| More information on the Convertible Loan note on 19:37 - Dec 10 with 702 views | Catullus |
| More information on the Convertible Loan note on 00:14 - Dec 10 by ReslovenSwan1 |
I got three more votes than I expected. Perhaps the other two were by accident too. I am up against a very powerful but fake narrative that attacks the club ownership at any opportunity. It is based on a soft Socialist Sunday school ethos that continues to hold south Wales back. Profit is bad and leadership by committee is superior to driven achievers. The WRU was ran into the ground until it reformed taking away power from committees.
In this word the SCST has more sense than the ex Chairman and Mr Morgan. 1000 brain must be more sensible and virtuous than two right? Wrong of course. Two sharp brains are far better than 1000 passenger brains along for the ride. What are the costs of legal action? No idea. What happens if you lose? No idea. What are you going to invest in? No idea. How are you going to get back into the club in future? No idea. You voted for it? Really?
In this world the SCST is skint not from basic poor governance and a useless strategy but by unfair practices. Fake. It is getting 0.15% on its money and wants more to waste. Where is the imagination.? The big issue for members is where the SCST sit on match day. The new board member has assured fans that they take the VIP seats in rotation not both at the same time. In touch with member sentiment, by crickey.
Levien and Kaplan seem like decent people to me. Silverstein is a much better communicator. They will run Swansea to eventually make them a profit. It may take 10-15 years but they will get there in the end. There are more basket case clubs than well run clubs. The PL is becoming a sugar daddy league owned by States and Oligarchs. Southampton will probably thrash Swansea with their reserves but still are struggling to keep their heads above water.
If the Trust want out then they can go. They are not much use to Swansea city. Their structure was designed for small town clubs like Exeter City. Swansea city has outgrown its ageing exoskeleton (The Trust). When changes needed to be made the old crab did not want to discard its old shell.
The old crusty crab does not want investment as it causes dilution. The crab exoskeleton was fine for 20 years but it now needs to be shed an a new one grown otherwise it will choke itself to death by being constricted.
The way I see things as the club grows it grows the Trust must be discarded unless they learn to think differently and explore how they fit in with a free market economy able to invest and protect itself from inflation.
Tedious to some who prefer to discuss their favourite kit from the last 25 years. The Gulf one was mind as it happens. Crabs shell exoskeletons analogies. No wonder I got a mighty 4 votes beaten only by the formidable Dr P with his facts and sharp texts and Jasper every ones favourite for his facts and pleasant demeanour. |
Beaten also by Dr W and matched by a few others, none of whom is making mighty out of how many voted for them.
4 votes is nothing, get serious mun.
PS, that latest monologue, did anybody read it all the way through, not me. Who has the patience, besides Chief 
Has anybody seen that comet, or is it Santa working up his naughty list? | |
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| More information on the Convertible Loan note on 19:44 - Dec 10 with 699 views | Chief |
| More information on the Convertible Loan note on 19:18 - Dec 10 by ReslovenSwan1 |
Where does this information come from. Sources please. |
I brought up the issue of Winter's remark about the extra shareholders involvement on the trust's website.
Few days later I had a reply stating what I suspected all along. | |
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| More information on the Convertible Loan note on 19:48 - Dec 10 with 696 views | ReslovenSwan1 |
| More information on the Convertible Loan note on 19:44 - Dec 10 by Chief |
I brought up the issue of Winter's remark about the extra shareholders involvement on the trust's website.
Few days later I had a reply stating what I suspected all along. |
Can you give me a name? Anonymous posting are not attributable. I plan to raise the issue with the club. | |
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| More information on the Convertible Loan note on 19:55 - Dec 10 with 690 views | Chief |
| More information on the Convertible Loan note on 19:48 - Dec 10 by ReslovenSwan1 |
Can you give me a name? Anonymous posting are not attributable. I plan to raise the issue with the club. |
No I'm not going to give a name but the person that replied is a legitimate trust board member. They are free to reveal themselves if they wish but that's not for me to. It was a reply to me and not a public statement so I'm not going to say their name.
"We are looking for confirmation of the exact amount and if anyone else is involved with these loans other than Jake Silverstein, Steve Kaplan, and Jason Levein"
"we haven't been asked to add funds from the Trust to any loans"
Were the key points. | |
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| More information on the Convertible Loan note on 20:08 - Dec 10 with 672 views | max936 |
| More information on the Convertible Loan note on 19:48 - Dec 10 by ReslovenSwan1 |
Can you give me a name? Anonymous posting are not attributable. I plan to raise the issue with the club. |
And why would the Club respond to somebody who as no business in its business? |  | | |
| More information on the Convertible Loan note on 23:18 - Dec 10 with 652 views | ReslovenSwan1 |
| More information on the Convertible Loan note on 19:55 - Dec 10 by Chief |
No I'm not going to give a name but the person that replied is a legitimate trust board member. They are free to reveal themselves if they wish but that's not for me to. It was a reply to me and not a public statement so I'm not going to say their name.
"We are looking for confirmation of the exact amount and if anyone else is involved with these loans other than Jake Silverstein, Steve Kaplan, and Jason Levein"
"we haven't been asked to add funds from the Trust to any loans"
Were the key points. |
The Club do not need SCST money why should they ask them to add funds?
The question is were they informed and given the opportunity to invest. If they were not told and given an opportunity then they have cause for complaint. With the SCST you need to look at the wording closely. | |
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| More information on the Convertible Loan note on 23:25 - Dec 10 with 648 views | ReslovenSwan1 |
| More information on the Convertible Loan note on 20:08 - Dec 10 by max936 |
And why would the Club respond to somebody who as no business in its business? |
Swansea city represents itself as a Community club and is 21% owned by fans. The query will be a follow on from the Structured dialogue where Mr Winter explained a few things to the SCST representative and 7 invited fans. It was the CLUB that invited the fans. | |
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| More information on the Convertible Loan note on 23:26 - Dec 10 with 647 views | Chief |
| More information on the Convertible Loan note on 23:18 - Dec 10 by ReslovenSwan1 |
The Club do not need SCST money why should they ask them to add funds?
The question is were they informed and given the opportunity to invest. If they were not told and given an opportunity then they have cause for complaint. With the SCST you need to look at the wording closely. |
Come on Resloven you can't really be this blinkered. What more do you want?
You've stated yourself the Americans / Winter would / should have asked the trust to contribute. They didn't. Don't try and change your stance retrospectively now. You were wrong in thinking the Americans would have weren't you?
This has been spelt out to you why do you still think there's a grey area here? The question has been answered conclusively. The wording is crystal clear.
No they were not informed of anyone but Silverstein&K&L being involved (and then weren't briefed properly before it went public). As shown above the trust still don't have clarity on who exactly is involved.
And they were not invited / asked to contribute in the CLN.
There is no ambiguity. | |
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| More information on the Convertible Loan note on 23:28 - Dec 10 with 645 views | BillyChong |
| More information on the Convertible Loan note on 23:25 - Dec 10 by ReslovenSwan1 |
Swansea city represents itself as a Community club and is 21% owned by fans. The query will be a follow on from the Structured dialogue where Mr Winter explained a few things to the SCST representative and 7 invited fans. It was the CLUB that invited the fans. |
A community club with a LLC registered in Delaware that hides the details from anyone bar those within including the trust and fans. Try again Res. | | | |
| More information on the Convertible Loan note on 23:29 - Dec 10 with 645 views | Chief |
| More information on the Convertible Loan note on 23:25 - Dec 10 by ReslovenSwan1 |
Swansea city represents itself as a Community club and is 21% owned by fans. The query will be a follow on from the Structured dialogue where Mr Winter explained a few things to the SCST representative and 7 invited fans. It was the CLUB that invited the fans. |
Do you really think it appropriate for Winter to announce things relating to the club's shareholding publically without briefing the trust and other shareholders first?
Come on, this wasn't meant to be a public information sharing session with the Supporters Trust. | |
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| More information on the Convertible Loan note on 23:34 - Dec 10 with 638 views | ReslovenSwan1 |
| More information on the Convertible Loan note on 23:26 - Dec 10 by Chief |
Come on Resloven you can't really be this blinkered. What more do you want?
You've stated yourself the Americans / Winter would / should have asked the trust to contribute. They didn't. Don't try and change your stance retrospectively now. You were wrong in thinking the Americans would have weren't you?
This has been spelt out to you why do you still think there's a grey area here? The question has been answered conclusively. The wording is crystal clear.
No they were not informed of anyone but Silverstein&K&L being involved (and then weren't briefed properly before it went public). As shown above the trust still don't have clarity on who exactly is involved.
And they were not invited / asked to contribute in the CLN.
There is no ambiguity. |
The presentation would be like this.
"You are offered the opportunity to join in a convertible loan note loan. If you are interested please contact so and so".
They were not 'asked to contribute'. They have not complained about being excluded. If they had expressed an interest they would have the details.
They should have been invited if other existing shareholders were. | |
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| More information on the Convertible Loan note on 23:37 - Dec 10 with 637 views | Chief |
| More information on the Convertible Loan note on 23:34 - Dec 10 by ReslovenSwan1 |
The presentation would be like this.
"You are offered the opportunity to join in a convertible loan note loan. If you are interested please contact so and so".
They were not 'asked to contribute'. They have not complained about being excluded. If they had expressed an interest they would have the details.
They should have been invited if other existing shareholders were. |
There was no presentation. No invitation. So your hypotheticals are irrelevant.
As you can see from the quotes the trust are STILL trying to get clarity on the situation & as such are 'complaining'.
Maybe they should have, but they weren't. | |
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| More information on the Convertible Loan note on 10:03 - Dec 11 with 604 views | Catullus |
| More information on the Convertible Loan note on 23:34 - Dec 10 by ReslovenSwan1 |
The presentation would be like this.
"You are offered the opportunity to join in a convertible loan note loan. If you are interested please contact so and so".
They were not 'asked to contribute'. They have not complained about being excluded. If they had expressed an interest they would have the details.
They should have been invited if other existing shareholders were. |
Blooming heck, is you head spinning, you post a "presentation" after saying this,
The Club do not need SCST money why should they ask them to add funds?
The question is were they informed and given the opportunity to invest. If they were not told and given an opportunity then they have cause for complaint. With the SCST you need to look at the wording closely.
So they SHOULD have been invited but why would the club ask them? | |
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| More information on the Convertible Loan note on 10:34 - Dec 11 with 595 views | Chief |
| More information on the Convertible Loan note on 10:03 - Dec 11 by Catullus |
Blooming heck, is you head spinning, you post a "presentation" after saying this,
The Club do not need SCST money why should they ask them to add funds?
The question is were they informed and given the opportunity to invest. If they were not told and given an opportunity then they have cause for complaint. With the SCST you need to look at the wording closely.
So they SHOULD have been invited but why would the club ask them? |
Indeed. The Americans that they back so much have once again although broken their heart, so Reslovens reeling a bit.
Maybe after a night's sleep they'll come back with a more coherent and reasoned response. | |
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| More information on the Convertible Loan note on 11:04 - Dec 11 with 590 views | Catullus |
| More information on the Convertible Loan note on 10:34 - Dec 11 by Chief |
Indeed. The Americans that they back so much have once again although broken their heart, so Reslovens reeling a bit.
Maybe after a night's sleep they'll come back with a more coherent and reasoned response. |
Thing is Chief, I'm not attacking the American owners. I think they are doing OK. Its the fantasy ramblings that Terry Pratchett would have been proud of that get me.
Now that it's clear the trust weren't invited and didn't know anything until it was publicised maybe Res will give over.
I won't hold my breath though. | |
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| More information on the Convertible Loan note on 11:30 - Dec 11 with 588 views | Chief |
| More information on the Convertible Loan note on 11:04 - Dec 11 by Catullus |
Thing is Chief, I'm not attacking the American owners. I think they are doing OK. Its the fantasy ramblings that Terry Pratchett would have been proud of that get me.
Now that it's clear the trust weren't invited and didn't know anything until it was publicised maybe Res will give over.
I won't hold my breath though. |
Yes I agree. This is called balance. They deserve credit when it's due (ticket prices, recent charitable donation).
But this thread relates to the CLN. And their conduct surrounding it has been found to be rather questionable, even by Reslovens standards. | |
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| More information on the Convertible Loan note on 11:34 - Dec 11 with 586 views | max936 |
| More information on the Convertible Loan note on 23:25 - Dec 10 by ReslovenSwan1 |
Swansea city represents itself as a Community club and is 21% owned by fans. The query will be a follow on from the Structured dialogue where Mr Winter explained a few things to the SCST representative and 7 invited fans. It was the CLUB that invited the fans. |
You was one of those FAN's then, ? | | | |
| More information on the Convertible Loan note on 17:48 - Dec 11 with 552 views | shingle |
| More information on the Convertible Loan note on 18:29 - Dec 10 by Chief |
Haha |
That`s your shortest reply yet Napoleon, you must be ill.  | | | |
| More information on the Convertible Loan note on 18:42 - Dec 11 with 541 views | Chief |
| More information on the Convertible Loan note on 17:48 - Dec 11 by shingle |
That`s your shortest reply yet Napoleon, you must be ill. |
 whey | |
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| More information on the Convertible Loan note on 18:48 - Dec 11 with 536 views | Chief |
| More information on the Convertible Loan note on 17:48 - Dec 11 by shingle |
That`s your shortest reply yet Napoleon, you must be ill. |
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