| Inflation and the Swansea city Supporters Trust 14:10 - Nov 8 with 4829 views | ReslovenSwan1 |
Personal View point from a third party fan.
The Trust have to opportunity to review their strategy with regard to legal action which I am strongly against. The personality clashes which led to this scenario are no long relevant with the main protagonists now with no legal role.
The Trusts strategy has run for four years since the 2016 sale. This is one of consideration of litigation. Recent reports have greatly affected the merits of this strategy. There is inflation in football and general inflation in life. If you have cash you must be aware of this phenomena. Generally prices from bygone years are not good value today because of inflation.
Recent reports indicate a £200m bid for Burnely a struggling Premier leage club. Burnley is smaller than Swansea with a smaller fan base and an older stadium and a basic game plan. 100% inflation since 2016.
Recent reports indicate a £60m bid for Derby County a struggling Championship club similar to Swansea in many ways with a weaker playing squad and no stadium owned by them if not included. 50% inflation since 2016.
The Trust will sue on the basis of the 2016 price of £21m. Becasue the Trust have managed their financial affairs poorly they cannot afford this legal action and therefore will have to pay eye watering sums for funding and risk taking. Even with a win they will walk away with around £12m to £14m before tax. This is not good business and it would without doubt lead to severe austerty at the club with redundancies for local people and the almost inevitable closure of the academy. The criteria for carrying out legal action no longer apply. Rampant asset stripping has not occured and the team is stronger not weaker than two seasons ago.
If you assume the club is equitable with Derby County at £60m. 21% of £60m gives a valuation of £12.6m. This has inflated from around £8m in 2016. This means legal action at a 2016 price would only see a mark up of only £1.4m on today's Championship price after deductions and actually even less if costs are greater than anticipated (dealing with counter suing or appeals for example).
If Swansea returned to the Premier league which might be a 15-20% chance the Trust s valuation would be 21% of £200m which is a staggering £42m for a £200k investment. A 210 times mark up.
If the club returns to the Premier League the Trust will regret taking legal action big time. I call on their leaders to come to a settlement with the club owners before they drop a major financial ricket. Inflation kills all that do not take it seriously.
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| Inflation and the Swansea city Supporters Trust on 14:35 - Nov 8 with 1583 views | Chief |
Why are you just repeating stuff that I've responded to and discounted on another thread? |  |
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| Inflation and the Swansea city Supporters Trust on 15:52 - Nov 8 with 1552 views | Garyjack |
| Inflation and the Swansea city Supporters Trust on 14:35 - Nov 8 by Chief |
Why are you just repeating stuff that I've responded to and discounted on another thread? |
Because he's dgt73. One of the biggest idiots to frequent these forums. |  | | |
| Inflation and the Swansea city Supporters Trust on 16:01 - Nov 8 with 1540 views | onehunglow |
| Inflation and the Swansea city Supporters Trust on 14:35 - Nov 8 by Chief |
Why are you just repeating stuff that I've responded to and discounted on another thread? |
With respect many posters repeat themselves mainly as they don't agree with somebody.
Ot ,they don't like.
Im no chum of REs but it seems Im an acolyte of his as I too am not in favour of action . If that makes me scum/vile/stupid it's ok as I'll live with that.
Nobody has ever or will convince me dragging our club through Courts will benefit anyone apart from legal leeches who prey on these situations.
Without doubt doubt,reading this and t'other forums ,it is obvious simply revenge is the motivation.It also seems incredible to me that the possibiilty of failing in this action hasn't occured to people. I'm assuming the Yanks would have legal chaps that would take our legal boys to pieces mainly as the Yanks will pay more to have the very best Rats to defend the action.
Our sale was influenced by jealousy and duplicity and by local people too. Our demise was overseen by local people .
Talk about own goals |  |
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| Inflation and the Swansea city Supporters Trust on 16:22 - Nov 8 with 1532 views | Chief |
| Inflation and the Swansea city Supporters Trust on 16:01 - Nov 8 by onehunglow |
With respect many posters repeat themselves mainly as they don't agree with somebody.
Ot ,they don't like.
Im no chum of REs but it seems Im an acolyte of his as I too am not in favour of action . If that makes me scum/vile/stupid it's ok as I'll live with that.
Nobody has ever or will convince me dragging our club through Courts will benefit anyone apart from legal leeches who prey on these situations.
Without doubt doubt,reading this and t'other forums ,it is obvious simply revenge is the motivation.It also seems incredible to me that the possibiilty of failing in this action hasn't occured to people. I'm assuming the Yanks would have legal chaps that would take our legal boys to pieces mainly as the Yanks will pay more to have the very best Rats to defend the action.
Our sale was influenced by jealousy and duplicity and by local people too. Our demise was overseen by local people .
Talk about own goals |
The club isn't being dragged through the court though. Some men who happened to buy some shares in the club are.
Unfortunately those 'leeches' are essential going to court. The trust tried to resolve this out of court but lt didn't happen.
If the trust dont win the case they keep their shareholding. | |
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| Inflation and the Swansea city Supporters Trust on 16:30 - Nov 8 with 1523 views | onehunglow |
| Inflation and the Swansea city Supporters Trust on 16:22 - Nov 8 by Chief |
The club isn't being dragged through the court though. Some men who happened to buy some shares in the club are.
Unfortunately those 'leeches' are essential going to court. The trust tried to resolve this out of court but lt didn't happen.
If the trust dont win the case they keep their shareholding. |
Thanks for a respectful reply but I do not see it that way. Our club would be as the contention is about the ale of our club ,nothing ele.
There is no way the Owners would not retaliate and our club would be that which suffers.
Leeches of course will do all their can to perpetuate discord and disharmony.
Thanks Chief anyway. Great reply. | |
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| Inflation and the Swansea city Supporters Trust on 16:39 - Nov 8 with 1518 views | Chief |
| Inflation and the Swansea city Supporters Trust on 16:30 - Nov 8 by onehunglow |
Thanks for a respectful reply but I do not see it that way. Our club would be as the contention is about the ale of our club ,nothing ele.
There is no way the Owners would not retaliate and our club would be that which suffers.
Leeches of course will do all their can to perpetuate discord and disharmony.
Thanks Chief anyway. Great reply. |
Retaliate by weakening the football club which they own most of? | |
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| Inflation and the Swansea city Supporters Trust on 17:23 - Nov 8 with 1483 views | ReslovenSwan1 |
| Inflation and the Swansea city Supporters Trust on 16:39 - Nov 8 by Chief |
Retaliate by weakening the football club which they own most of? |
You miss the point. Leeches, sell out, rats, rhetoric are a dstraction. To a certain extent the rights and wrongs of the sale is also a distraction.
The Trust leadership need to recognise the factor of INFLATION.
Legal ation to secure the sale of their shares at 2016 prices is just plain bad business. Imagine the US people paying the trust £21m then selling the club for £200m. The Trust will have secured £12m for a £42m valuation. £30m wasted for a persionality clash. A £42m asset owned by the Trust. £12m for the Trust, £8m for the funders, £22m for the US investors.
Are you sure the Trust will retain their shares if they lose? You do not know the terms of the funders. The judge might simply force a sale at a price determined by the Court. I interprete the delay as the funders improving their terms such as being paid compensation in shares if the case is lost. | |
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| Inflation and the Swansea city Supporters Trust on 17:24 - Nov 8 with 1481 views | onehunglow |
| Inflation and the Swansea city Supporters Trust on 16:39 - Nov 8 by Chief |
Retaliate by weakening the football club which they own most of? |
Be careful what you wish for . | |
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| Inflation and the Swansea city Supporters Trust on 18:05 - Nov 8 with 1461 views | ReslovenSwan1 |
| Inflation and the Swansea city Supporters Trust on 15:52 - Nov 8 by Garyjack |
Because he's dgt73. One of the biggest idiots to frequent these forums. |
Anyone who debates the failed stratgy of the Trusts leadership usually get trolled. A few years ago both main Swansea city forums were owned by Trust diginitaries that badly let down the Trust. These mini media Barons liked to ban and call out those that highlighted their bad work and got their aparatchuk poodles to bad mouth every post. | |
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| Inflation and the Swansea city Supporters Trust on 18:09 - Nov 8 with 1460 views | Chief |
| Inflation and the Swansea city Supporters Trust on 17:23 - Nov 8 by ReslovenSwan1 |
You miss the point. Leeches, sell out, rats, rhetoric are a dstraction. To a certain extent the rights and wrongs of the sale is also a distraction.
The Trust leadership need to recognise the factor of INFLATION.
Legal ation to secure the sale of their shares at 2016 prices is just plain bad business. Imagine the US people paying the trust £21m then selling the club for £200m. The Trust will have secured £12m for a £42m valuation. £30m wasted for a persionality clash. A £42m asset owned by the Trust. £12m for the Trust, £8m for the funders, £22m for the US investors.
Are you sure the Trust will retain their shares if they lose? You do not know the terms of the funders. The judge might simply force a sale at a price determined by the Court. I interprete the delay as the funders improving their terms such as being paid compensation in shares if the case is lost. |
- Well you brought up leeches.
- your figures are based on a sale that hasn't actually gone through by the way. Plus there's also the fact that there's no obvious buyers for the shares. You've said yourself now is the time to buy - but the trust haven't had any bids for them off any so called clever investors like you who think we're going to the prem. There's even less chance of someone buying them if we were to go up. So your whole logic is flawed.
- Even and all your imagination cannot actually think they are the terms of the funders or that the trust would agree to that do you?
- The court might force it - but who's to say that would necessarily be at a lower price than the 21mill? | |
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| Inflation and the Swansea city Supporters Trust on 18:11 - Nov 8 with 1458 views | Chief |
| Inflation and the Swansea city Supporters Trust on 17:24 - Nov 8 by onehunglow |
Be careful what you wish for . |
I'm certainly not wishing for it. | |
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| Inflation and the Swansea city Supporters Trust on 19:55 - Nov 8 with 1415 views | ReslovenSwan1 |
| Inflation and the Swansea city Supporters Trust on 18:09 - Nov 8 by Chief |
- Well you brought up leeches.
- your figures are based on a sale that hasn't actually gone through by the way. Plus there's also the fact that there's no obvious buyers for the shares. You've said yourself now is the time to buy - but the trust haven't had any bids for them off any so called clever investors like you who think we're going to the prem. There's even less chance of someone buying them if we were to go up. So your whole logic is flawed.
- Even and all your imagination cannot actually think they are the terms of the funders or that the trust would agree to that do you?
- The court might force it - but who's to say that would necessarily be at a lower price than the 21mill? |
I do not do emoive personal abuse. Calling someone a "bit dm" is as far as i go.
There are never 'obviuos buyers'. A seller normally has to find them via advertising or agencies. The Trusts "we are willing to consider offers" is not god enough I am afraid. I am willing to conside offers for my house even though its not formally up for sale.
Numerous clubs have been bought in the last two years and to more are under consideration Burnley and Derby. Newcaste was under consideration a few months ago.
I believe judging by the time taken in negiocaitions the funders demands would be unreasonable and unacceptable to the broad membership. If there is a percieved weak case the funders wiill want payment in the event of a court loss and this could be club shares. This is to be avoided. The case does not seem clear cut. | |
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| Inflation and the Swansea city Supporters Trust on 20:29 - Nov 8 with 1401 views | Chief |
| Inflation and the Swansea city Supporters Trust on 19:55 - Nov 8 by ReslovenSwan1 |
I do not do emoive personal abuse. Calling someone a "bit dm" is as far as i go.
There are never 'obviuos buyers'. A seller normally has to find them via advertising or agencies. The Trusts "we are willing to consider offers" is not god enough I am afraid. I am willing to conside offers for my house even though its not formally up for sale.
Numerous clubs have been bought in the last two years and to more are under consideration Burnley and Derby. Newcaste was under consideration a few months ago.
I believe judging by the time taken in negiocaitions the funders demands would be unreasonable and unacceptable to the broad membership. If there is a percieved weak case the funders wiill want payment in the event of a court loss and this could be club shares. This is to be avoided. The case does not seem clear cut. |
- you've called members of the legal profession ambulance chasers several times.
- why isn't it good enough? Did the sellouts formally put their scares up for sale? Not that I'm aware of. They had interest and bids though. Plus your criticising the trust for doing something that they haven't done even though this hypothetical scenario you've dreamt up hasn't actually occurred yet! We aren't in the Premier league!
- How do you know how long they've been in negotiations with the funders for? The legal case / paperwork was only finalised last week. Fair play to the trust for taking their time negotiating if the terms the funders are looking at aren't reasonable though. Agreed?
- I agree that should definitely be avoided. When the prospect of legal action was proposed losing shares to anyone else was never on the table. Very much doubt it actually is now. | |
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| Inflation and the Swansea city Supporters Trust on 22:07 - Nov 8 with 1381 views | Garyjack |
| Inflation and the Swansea city Supporters Trust on 18:05 - Nov 8 by ReslovenSwan1 |
Anyone who debates the failed stratgy of the Trusts leadership usually get trolled. A few years ago both main Swansea city forums were owned by Trust diginitaries that badly let down the Trust. These mini media Barons liked to ban and call out those that highlighted their bad work and got their aparatchuk poodles to bad mouth every post. |
Trolled eh?
Macclesfield Town Wound-Up by TimTtam 16 Sep 2020 13:13500,000 pounds of debt couldn't be paid. Owner is entirely to blame, but it's the fans who suffer.
Which club will be next?
When Huw Jenkins talked about by swancity 20 Sep 2020 10:41Selling the Club which would help “ take it to the next level “
I didn’t think he meant relegation under absent owners and not having a tin pot to piss in as that’s where we seem to be heading
Surely no one is still gullible and naive enough to believe any of that crap...
D C UTD a few similarities by CARDAN 9 Oct 2020 13:10Not that I care a bit about DC United but was just watching Sky Sports News, it was showing the league Tables for the US leagues, I see they are bottom.
So what? Well of course they are owned by the same dooshbags, Investment hedge funds do t make great football clubs custodians for they.
Value of the Silverstein and US loan and conditions. by ReslovenSwan1 15 Oct 2020 18:39As we know he club has a mysterious loan. (to be coverted into equity - new shares).
Why has the loan been made?. One reason is to help Winter with cash flow.
In the Dan James fiasco the cash flow position might have been very tight and Leeds knew this and put a severe squeeze on. The club were forced into a corner and the pressure caused internal changes.
The new money means there are no such problems and the club can continue to pay the bills without selling anyone if in the order of £10m or so. It is a buffer giving the Chirman wiggle room.
This means the likes of Mr Levy cannot bully Swansea into an unsuitable deal for Rodon especially if Liecester are in the wings for January. The loan is therefore good for shaerholders and fans to enable the negiciating of good terms for the sale of the crown jewels. Credit where credit is due. Not much chance on here but cash is king.
NSR Bury by waynekerr55 4 Aug 2019 19:14what a mess
https://twitter.com/AndyhHolt/status/1157901451051589632?s=19
Inflation and the Swansea city Supporters Trust by ReslovenSwan1 8 Nov 2020 14:10Personal View point from a third party fan.
The Trust have to opportunity to review their strategy with regard to legal action which I am strongly against. The personality clashes which led to this scenario are no long relevant with the main protagonists now with no legal role.
The Trusts strategy has run for four years since the 2016 sale. This is one of consideration of litigation. Recent reports have greatly affected the merits of this strategy. There is inflation in football and general inflation in life. If you have cash you must be aware of this phenomena. Generally prices from bygone years are not good value today because of inflation.
Recent reports indicate a £200m bid for Burnely a struggling Premier leage club. Burnley is smaller than Swansea with a smaller fan base and an older stadium and a basic game plan. 100% inflation since 2016.
Recent reports indicate a £60m bid for Derby County a struggling Championship club similar to Swansea in many ways with a weaker playing squad and no stadium owned by them if not included. 50% inflation since 2016.
The Trust will sue on the basis of the 2016 price of £21m. Becasue the Trust have managed their financial affairs poorly they cannot afford this legal action and therefore will have to pay eye watering sums for funding and risk taking. Even with a win they will walk away with around £12m to £14m before tax. This is not good business and it would without doubt lead to severe austerty at the club with redundancies for local people and the almost inevitable closure of the academy. The criteria for carrying out legal action no longer apply. Rampant asset stripping has not occured and the team is stronger not weaker than two seasons ago.
If you assume the club is equitable with Derby County at £60m. 21% of £60m gives a valuation of £12.6m. This has inflated from around £8m in 2016. This means legal action at a 2016 price would only see a mark up of only £1.4m on today's Championship price after deductions and actually even less if costs are greater than anticipated (dealing with counter suing or appeals for example).
If Swansea returned to the Premier league which might be a 15-20% chance the Trust s valuation would be 21% of £200m which is a staggering £42m for a £200k investment. A 210 times mark up.
If the club returns to the Premier League the Trust will regret taking legal action big time. I call on their leaders to come to a settlement with the club owners before they drop a major financial ricket. Inflation kills all that do not take it seriously.
These are the threads over the last few weeks which you have either started or hijacked to attack the trust, and big up the yanks and sell outs. When you are put straight, or are ignored you start another.
Now i would suggest that's pretty obsessive behaviour by anyone's standards, and maybe it's something you need to address. It's most definitely the reason why you were banned from various other usernames on this site under the old regime.
Does your barrister wife know of your activities on these sites? I'm sure you have discussed it over sausage and mash in The Vivs at 10.30 at night when they stop serving food at 7!  | | | |
| Inflation and the Swansea city Supporters Trust on 22:25 - Nov 8 with 1359 views | Catullus |
Were the trust treated badly, yes, 100% yes. Was it illegal, quite possibly, Did our previous owners shaft a lot of people, it looks that way yes.
However, given the way things are, the position the club finds itself in and the way footballs finances are in general, I think legal action now or in the near future could be a massive act of self harm.
The clusb finances appear stable, the team is looking strong and is well placed after a diificult week.
Just who would legal action help? | |
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| Inflation and the Swansea city Supporters Trust on 22:52 - Nov 8 with 1347 views | Chief |
| Inflation and the Swansea city Supporters Trust on 22:25 - Nov 8 by Catullus |
Were the trust treated badly, yes, 100% yes. Was it illegal, quite possibly, Did our previous owners shaft a lot of people, it looks that way yes.
However, given the way things are, the position the club finds itself in and the way footballs finances are in general, I think legal action now or in the near future could be a massive act of self harm.
The clusb finances appear stable, the team is looking strong and is well placed after a diificult week.
Just who would legal action help? |
Well that's actually the optimum time to go for it then I'd say. Especially with no fans attending games and the team no where near a relegation battle.
Not that I think it'll affect the players at all anyway. However the case pans out they'll still be getting their paychecks.
The beneficiary hasn't changed. [Post edited 8 Nov 2020 22:57]
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| Inflation and the Swansea city Supporters Trust on 10:55 - Nov 9 with 1294 views | swancity |
Be good to get Phil Sumbler to comment on this and interesting too... | |
| Only an idiot would eat a turkey curry on Christmas day |
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| Inflation and the Swansea city Supporters Trust on 12:55 - Nov 9 with 1261 views | onehunglow |
| Inflation and the Swansea city Supporters Trust on 22:25 - Nov 8 by Catullus |
Were the trust treated badly, yes, 100% yes. Was it illegal, quite possibly, Did our previous owners shaft a lot of people, it looks that way yes.
However, given the way things are, the position the club finds itself in and the way footballs finances are in general, I think legal action now or in the near future could be a massive act of self harm.
The clusb finances appear stable, the team is looking strong and is well placed after a diificult week.
Just who would legal action help? |
It is going backwards and I truly think unless it puts more into the club we should avoid poking the owners with a stick.
I d rather cwtch up to them and encourage them to sell tHen get the hell out of it. | |
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| Inflation and the Swansea city Supporters Trust on 13:44 - Nov 9 with 1236 views | ReslovenSwan1 |
| Inflation and the Swansea city Supporters Trust on 22:25 - Nov 8 by Catullus |
Were the trust treated badly, yes, 100% yes. Was it illegal, quite possibly, Did our previous owners shaft a lot of people, it looks that way yes.
However, given the way things are, the position the club finds itself in and the way footballs finances are in general, I think legal action now or in the near future could be a massive act of self harm.
The clusb finances appear stable, the team is looking strong and is well placed after a diificult week.
Just who would legal action help? |
Were the trust treated badly. No they were not. They indicated that they did not want to sell and they did not sell. How do I know that? Because they said so more than once. If they wanted to sell they would have.
The sellers did not shaft anyone. Quite the opposite. They gave the Trust a 100x valuation multiple. That was spectacular. Only someone financially illiterate would not cash in at least part of their holding. Even now the Trust is worth £8m or so for a £200k investment. Based on Derby county valuation £12m. Members do not seem impressed with those returns but that is becuase they cannot spend that money. London legal firms and funders are impressed with those returns because they can access the money and can spend it and pay bonuses out of it.
I believe the Judge in the case will look on the Trust s behaviour, like me, with incredulity. If the club get promoted their holding could be worth £42m based on the valuation of Burnley which is a smaller than Swansea with an antiquated stadium and local rivals nearby.
With massive potential for the shares if Swansea return to the big time, no one at all should be taking 'last resort' options as outlined by the QC. This would without doubt be confirmed by independent financial assessment by a respected business figure. | |
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| Inflation and the Swansea city Supporters Trust on 14:16 - Nov 9 with 1227 views | onehunglow |
| Inflation and the Swansea city Supporters Trust on 13:44 - Nov 9 by ReslovenSwan1 |
Were the trust treated badly. No they were not. They indicated that they did not want to sell and they did not sell. How do I know that? Because they said so more than once. If they wanted to sell they would have.
The sellers did not shaft anyone. Quite the opposite. They gave the Trust a 100x valuation multiple. That was spectacular. Only someone financially illiterate would not cash in at least part of their holding. Even now the Trust is worth £8m or so for a £200k investment. Based on Derby county valuation £12m. Members do not seem impressed with those returns but that is becuase they cannot spend that money. London legal firms and funders are impressed with those returns because they can access the money and can spend it and pay bonuses out of it.
I believe the Judge in the case will look on the Trust s behaviour, like me, with incredulity. If the club get promoted their holding could be worth £42m based on the valuation of Burnley which is a smaller than Swansea with an antiquated stadium and local rivals nearby.
With massive potential for the shares if Swansea return to the big time, no one at all should be taking 'last resort' options as outlined by the QC. This would without doubt be confirmed by independent financial assessment by a respected business figure. |
I agree.I think. | |
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| Inflation and the Swansea city Supporters Trust on 14:40 - Nov 9 with 1210 views | Chief |
| Inflation and the Swansea city Supporters Trust on 13:44 - Nov 9 by ReslovenSwan1 |
Were the trust treated badly. No they were not. They indicated that they did not want to sell and they did not sell. How do I know that? Because they said so more than once. If they wanted to sell they would have.
The sellers did not shaft anyone. Quite the opposite. They gave the Trust a 100x valuation multiple. That was spectacular. Only someone financially illiterate would not cash in at least part of their holding. Even now the Trust is worth £8m or so for a £200k investment. Based on Derby county valuation £12m. Members do not seem impressed with those returns but that is becuase they cannot spend that money. London legal firms and funders are impressed with those returns because they can access the money and can spend it and pay bonuses out of it.
I believe the Judge in the case will look on the Trust s behaviour, like me, with incredulity. If the club get promoted their holding could be worth £42m based on the valuation of Burnley which is a smaller than Swansea with an antiquated stadium and local rivals nearby.
With massive potential for the shares if Swansea return to the big time, no one at all should be taking 'last resort' options as outlined by the QC. This would without doubt be confirmed by independent financial assessment by a respected business figure. |
- oh come on, by every measure the trust were treated badly. If you can't even concede that it's extremely difficult to take anything you say about the situation serious as it shows how biased you are.
- just because they said they didn't want to sell their shares in the past doesn't mean they should have been excluded when an actual bid did come in. Its not like the sell outs were selling a car or something unrelated to the club. The sale was obviously going to affect the trust so even out of courtesy they should have been told.
- The trust also helped the sell outs get to their riches too. They worked in tandem from the beginning for years until the sell outs sold. It wasn't a completely one way street.
- Who would have bought just some of the trusts shares? And why would they have wanted to sell them anyway. Its just not a realistic expectation to have sold some of their shares.
- Why do you think the judge will think that way? Why are you ignoring the thoughts of the QC?
- Those are marvelous figures, but who's going to buy the shares? This legal action has been no secret for some time, so its obvious that the trust are currently willing to sell their shares, but doesn't appear to have been any prospective bargain hunters coming along with bids. Let's add that we aren't in the Premier league and chances are we won't be next season either.
- You've lauded the sell outs for their sale saying that such a mark up was excellent. The trust have the chance to sell their shares at exactly the same rate, but you choose to ignore that.
- Here we go again misrepresenting the 'last resort' comment. You know this was advised to curry favour with the court to demonstrate that other avenues were explored before proceeding. This is quite standard and wise of the trust to follow that advice. It had little to do with the content of the case itself. But you know this. It's also been pointed out to you several times but you're intent on peddling myths. | |
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| Inflation and the Swansea city Supporters Trust on 15:08 - Nov 9 with 1198 views | ReslovenSwan1 |
| Inflation and the Swansea city Supporters Trust on 14:40 - Nov 9 by Chief |
- oh come on, by every measure the trust were treated badly. If you can't even concede that it's extremely difficult to take anything you say about the situation serious as it shows how biased you are.
- just because they said they didn't want to sell their shares in the past doesn't mean they should have been excluded when an actual bid did come in. Its not like the sell outs were selling a car or something unrelated to the club. The sale was obviously going to affect the trust so even out of courtesy they should have been told.
- The trust also helped the sell outs get to their riches too. They worked in tandem from the beginning for years until the sell outs sold. It wasn't a completely one way street.
- Who would have bought just some of the trusts shares? And why would they have wanted to sell them anyway. Its just not a realistic expectation to have sold some of their shares.
- Why do you think the judge will think that way? Why are you ignoring the thoughts of the QC?
- Those are marvelous figures, but who's going to buy the shares? This legal action has been no secret for some time, so its obvious that the trust are currently willing to sell their shares, but doesn't appear to have been any prospective bargain hunters coming along with bids. Let's add that we aren't in the Premier league and chances are we won't be next season either.
- You've lauded the sell outs for their sale saying that such a mark up was excellent. The trust have the chance to sell their shares at exactly the same rate, but you choose to ignore that.
- Here we go again misrepresenting the 'last resort' comment. You know this was advised to curry favour with the court to demonstrate that other avenues were explored before proceeding. This is quite standard and wise of the trust to follow that advice. It had little to do with the content of the case itself. But you know this. It's also been pointed out to you several times but you're intent on peddling myths. |
Sadly and you must know this the Trust will not get anything like £21m for their shares. More like £12-14m after very chunky deductions members do not seem to be aware of. Tax is also a consideration.
This is not much more than the shares are valued at now based on the £60m valuation of Derby County. 21% of £60m is £12.6m. So why go to court? Are the Trust so lazy they cannot be bothered to advertise their shares in the daily Teegraph or contact a selling agency.?
The pending sale was notified in Spring 2016 and not finalised until 4 months later. Had the Trust wanted to sell then they would have requested to be invloved. They did not do this. Had the US people declined that was the time to take legal action.
Its all very well leaving it for 4 years later but then inflation has kicked in which is the point of my post. Only a fool would sell his house at 2016 prices and then pay the agent 40-50% commission for the privilge especially if there is the prospect of big price hikes down the road. Swansea city is a football club. Why be in it all if you do not believe the club can get back to the PL?
I do not need to be told by someone on £3000 per hour legal action was a 'last resort'. I know this. It is only a popular idea for members because it is not their money. If it was they would be chasing the Trust board out of town for their poor work. The QC called it a 'last resort' because it is a bad result for the Trust. I agree with him. [Post edited 9 Nov 2020 15:09]
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| Inflation and the Swansea city Supporters Trust on 15:37 - Nov 9 with 1181 views | Chief |
| Inflation and the Swansea city Supporters Trust on 15:08 - Nov 9 by ReslovenSwan1 |
Sadly and you must know this the Trust will not get anything like £21m for their shares. More like £12-14m after very chunky deductions members do not seem to be aware of. Tax is also a consideration.
This is not much more than the shares are valued at now based on the £60m valuation of Derby County. 21% of £60m is £12.6m. So why go to court? Are the Trust so lazy they cannot be bothered to advertise their shares in the daily Teegraph or contact a selling agency.?
The pending sale was notified in Spring 2016 and not finalised until 4 months later. Had the Trust wanted to sell then they would have requested to be invloved. They did not do this. Had the US people declined that was the time to take legal action.
Its all very well leaving it for 4 years later but then inflation has kicked in which is the point of my post. Only a fool would sell his house at 2016 prices and then pay the agent 40-50% commission for the privilge especially if there is the prospect of big price hikes down the road. Swansea city is a football club. Why be in it all if you do not believe the club can get back to the PL?
I do not need to be told by someone on £3000 per hour legal action was a 'last resort'. I know this. It is only a popular idea for members because it is not their money. If it was they would be chasing the Trust board out of town for their poor work. The QC called it a 'last resort' because it is a bad result for the Trust. I agree with him. [Post edited 9 Nov 2020 15:09]
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- And that figure whatever it maybe (knowing you, you are probably underegging purposefully) will be for more money than they are worth currently. It's actually great business when you think about it. Selling shares while in the championship at Premier league prices.
- The fact that this situation is ongoing is in itself an advertisement that they'd be willing to let shares go. It's obvious - even some of your estimates see the trust receiving more than 12.6mill. And of course the Americans are essentially lined up as buyers. Your plan has no buyer in sight.
- 4 years has passed due to a number of reasons,, primarily the need to explore other avenues&things outside the trusts control. Maybe the court will take inflation into account and rule that the Americans should pay that on top? I notice you decline to say that 2016 was a premier league price.
- why be in what? I believe we can but won't get promoted. There are at least 3 better teams than us in this division. And even if we were to go up, there's no buyer in sight for the shares in what is / has been a global pandemic.
- How is it the trusts board fault? The membership voted for legal action. What's a bad result for the trust? Why again are you ignoring the fact that the QC said they had a good case then?
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| Inflation and the Swansea city Supporters Trust on 16:16 - Nov 9 with 1167 views | Catullus |
| Inflation and the Swansea city Supporters Trust on 15:08 - Nov 9 by ReslovenSwan1 |
Sadly and you must know this the Trust will not get anything like £21m for their shares. More like £12-14m after very chunky deductions members do not seem to be aware of. Tax is also a consideration.
This is not much more than the shares are valued at now based on the £60m valuation of Derby County. 21% of £60m is £12.6m. So why go to court? Are the Trust so lazy they cannot be bothered to advertise their shares in the daily Teegraph or contact a selling agency.?
The pending sale was notified in Spring 2016 and not finalised until 4 months later. Had the Trust wanted to sell then they would have requested to be invloved. They did not do this. Had the US people declined that was the time to take legal action.
Its all very well leaving it for 4 years later but then inflation has kicked in which is the point of my post. Only a fool would sell his house at 2016 prices and then pay the agent 40-50% commission for the privilge especially if there is the prospect of big price hikes down the road. Swansea city is a football club. Why be in it all if you do not believe the club can get back to the PL?
I do not need to be told by someone on £3000 per hour legal action was a 'last resort'. I know this. It is only a popular idea for members because it is not their money. If it was they would be chasing the Trust board out of town for their poor work. The QC called it a 'last resort' because it is a bad result for the Trust. I agree with him. [Post edited 9 Nov 2020 15:09]
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Again you ignore that the trust were deliberately kept in the dark about the sale. How could the trust sell when they were kept unaware there was a buyer?
The QC said it was a last resort because he had exhausted all other avenues, not because it was a hail mary pass. The trust tried to do it in a pragmatic way to avoid the courts and the massive expenses that follow. Now they have no other choice, that is why it's a last resort, not because they don't have a case.
Besides which you seem to be saying the trust should wait to see if we get promoted because it;s a better financial outcome if we do...why is that? It seems to go against other things you've said. | |
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| Inflation and the Swansea city Supporters Trust on 16:52 - Nov 9 with 1158 views | Chief |
| Inflation and the Swansea city Supporters Trust on 16:16 - Nov 9 by Catullus |
Again you ignore that the trust were deliberately kept in the dark about the sale. How could the trust sell when they were kept unaware there was a buyer?
The QC said it was a last resort because he had exhausted all other avenues, not because it was a hail mary pass. The trust tried to do it in a pragmatic way to avoid the courts and the massive expenses that follow. Now they have no other choice, that is why it's a last resort, not because they don't have a case.
Besides which you seem to be saying the trust should wait to see if we get promoted because it;s a better financial outcome if we do...why is that? It seems to go against other things you've said. |
Yea but Resolven is so deluded, biased and blinkered, he refuses to concede that there was anything wrong by the way the sellouts / Americans acted. He says the trust should have advertised themselves for sale. Not sure why they would have wanted to do that at the time mind. There's also no evidence that the sell outs formally put their shares up for sale either but there we are.
Indeed and if the trust had rushed into the case gung go, Resolven would be criticising that too.
I think he means wait to get promoted to sell the shares to someone. Not sure whod be overly interested in buying at a maximum 21% of the club and no controlling stake mind. And at Premier league prices after or during a pandemic.
But its another straw he's clutched as an alternative to legal action.
He seems very worked up for some reason. | |
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