| Convertible Loan Notes [official] on 19:07 - Mar 21 with 1907 views | ReslovenSwan1 |
it is an investment the likes of Chief and Chong said would never happen. It has happened. it would not have happened in my opinion if the Trust went ahead with the legal case.
As I understand it the Trust re now due a payment of £500k. This is big potatoes which is why no one is interested. Like all things Trust the members focus on the wrong things almost all of the time. |  |
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| Convertible Loan Notes [official] on 19:22 - Mar 21 with 1882 views | QJumpingJack |
| Convertible Loan Notes [official] on 19:07 - Mar 21 by ReslovenSwan1 |
it is an investment the likes of Chief and Chong said would never happen. It has happened. it would not have happened in my opinion if the Trust went ahead with the legal case.
As I understand it the Trust re now due a payment of £500k. This is big potatoes which is why no one is interested. Like all things Trust the members focus on the wrong things almost all of the time. |
Lets see if the club gets sold........... |  | | |
| Convertible Loan Notes [official] on 19:27 - Mar 21 with 1856 views | Whiterockin |
| Convertible Loan Notes [official] on 19:07 - Mar 21 by ReslovenSwan1 |
it is an investment the likes of Chief and Chong said would never happen. It has happened. it would not have happened in my opinion if the Trust went ahead with the legal case.
As I understand it the Trust re now due a payment of £500k. This is big potatoes which is why no one is interested. Like all things Trust the members focus on the wrong things almost all of the time. |
Tidying up the books and shareholders percentages prior to a sale? |  | | |
| Convertible Loan Notes [official] on 19:31 - Mar 21 with 1853 views | guthrieintherain |
| Convertible Loan Notes [official] on 19:27 - Mar 21 by Whiterockin |
Tidying up the books and shareholders percentages prior to a sale? |
Looks that way Martin Morgan on his way back is my hunch who else I wonder. | |
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| Convertible Loan Notes [official] on 19:40 - Mar 21 with 1820 views | Whiterockin |
| Convertible Loan Notes [official] on 19:31 - Mar 21 by guthrieintherain |
Looks that way Martin Morgan on his way back is my hunch who else I wonder. |
That's what I heard a couple of months ago, but it could be complete BS. | | | |
| Convertible Loan Notes [official] on 19:40 - Mar 21 with 1826 views | Boundy |
| Convertible Loan Notes [official] on 19:31 - Mar 21 by guthrieintherain |
Looks that way Martin Morgan on his way back is my hunch who else I wonder. |
Charlie's worth a few bob , maybe a sleeping partner of whom they'll be a few | |
| "In a free society, the State is the servant of the people—not the master." |
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| Convertible Loan Notes [official] on 19:52 - Mar 21 with 1749 views | Dr_Parnassus |
This sale talk is laughable, complete and utter nonsense.
It’s such a shame new like this doesn’t come with widespread praise and fanfare. People are very quick to jump down the owners throats even for doing nothing (like simply watching a game) - yet when they write off millions of pounds worth of debt, instead of praise they are accused of trying to sell the club.
This CLN plan was laid out from the second they pumped the money into the club. It’s not something they have just decided to do. |  |
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| Convertible Loan Notes [official] on 20:07 - Mar 21 with 1744 views | Dr_Winston |
There are two things in play here.
The CLN conversion has been on the cards for a while. £16m effectively written off. Significant investment whether people understand that or not.
There also seems to be some truth to rumours of more people getting involved. Last I heard a full takeover was unlikely, but that was on Sunday. Things may have changed. I'd still expect Kaplan and Levien to retain a significant shareholding one way or another. |  |
| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
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| Convertible Loan Notes [official] on 20:16 - Mar 21 with 1701 views | Whiterockin |
| Convertible Loan Notes [official] on 20:07 - Mar 21 by Dr_Winston |
There are two things in play here.
The CLN conversion has been on the cards for a while. £16m effectively written off. Significant investment whether people understand that or not.
There also seems to be some truth to rumours of more people getting involved. Last I heard a full takeover was unlikely, but that was on Sunday. Things may have changed. I'd still expect Kaplan and Levien to retain a significant shareholding one way or another. |
That's what I heard, the ownership structure will not be the same next season, be it full or part. But then again there are always BS rumours, Swansea is a village and everyone knows somebody and nobody. | | | |
| Convertible Loan Notes [official] on 20:23 - Mar 21 with 1692 views | Dr_Winston |
| Convertible Loan Notes [official] on 20:16 - Mar 21 by Whiterockin |
That's what I heard, the ownership structure will not be the same next season, be it full or part. But then again there are always BS rumours, Swansea is a village and everyone knows somebody and nobody. |
No doubt. Rumours are halfway around the city before the truth has got its daps on.
I'd imagine both Kaplan and Levien are more engaged with DC United and other ventures at the moment. By broadening ownership they reduce their own responsibilities but retain a shareholding which could in time if we find our way back to the Prem be worth a significant amount. | |
| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
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| Convertible Loan Notes [official] on 20:51 - Mar 21 with 1591 views | Dr_Parnassus |
| Convertible Loan Notes [official] on 20:07 - Mar 21 by Dr_Winston |
There are two things in play here.
The CLN conversion has been on the cards for a while. £16m effectively written off. Significant investment whether people understand that or not.
There also seems to be some truth to rumours of more people getting involved. Last I heard a full takeover was unlikely, but that was on Sunday. Things may have changed. I'd still expect Kaplan and Levien to retain a significant shareholding one way or another. |
There is nothing to “hear”.
An ownership model like this is always looking for new investment, I’m sure they have said as much themselves. It’s how JS got involved and I’m sure others will be the same down the line, but the CLN has nothing to do with that.
This is not news, it’s simply the following through of the roadmap they outlined some time ago.
But it’s excellent they are sticking to it and I didn’t doubt they would. Hopefully the fans now start trusting them more than they have, I think they have been treated appallingly. [Post edited 22 Mar 2023 4:53]
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| Convertible Loan Notes [official] on 20:53 - Mar 21 with 1618 views | yatesie3 |
| Convertible Loan Notes [official] on 20:23 - Mar 21 by Dr_Winston |
No doubt. Rumours are halfway around the city before the truth has got its daps on.
I'd imagine both Kaplan and Levien are more engaged with DC United and other ventures at the moment. By broadening ownership they reduce their own responsibilities but retain a shareholding which could in time if we find our way back to the Prem be worth a significant amount. |
That's the thing, there will be no premier League for us while these are in charge. The worse we will get until they leave | | | |
| Convertible Loan Notes [official] on 22:19 - Mar 21 with 1514 views | ReslovenSwan1 |
This is an investment of £16m.
People do not go about selling shares by buying extra shares. That does not make sense. Nor do they buy shares and then immediately sell them for the same price. Silverstein for example. what is the point of that?
The 'quick flip' was mentioned in earlier years trying to pigeon hole these owners as "fly by nights". It fitted a fake narrative.
The narrative is fake but it goes year after year. Forum sages have done a good job creating a fantasy. Just keep saying the wrong thing hundreds of times and therefore it becomes credible. | |
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| Convertible Loan Notes [official] on 10:04 - Mar 22 with 1387 views | whiterock |
| Convertible Loan Notes [official] on 19:40 - Mar 21 by Whiterockin |
That's what I heard a couple of months ago, but it could be complete BS. |
Once bitten twice shy | | | |
| Convertible Loan Notes [official] on 10:10 - Mar 22 with 1382 views | whiterock |
| Convertible Loan Notes [official] on 22:19 - Mar 21 by ReslovenSwan1 |
This is an investment of £16m.
People do not go about selling shares by buying extra shares. That does not make sense. Nor do they buy shares and then immediately sell them for the same price. Silverstein for example. what is the point of that?
The 'quick flip' was mentioned in earlier years trying to pigeon hole these owners as "fly by nights". It fitted a fake narrative.
The narrative is fake but it goes year after year. Forum sages have done a good job creating a fantasy. Just keep saying the wrong thing hundreds of times and therefore it becomes credible. |
There one chap on social media that says 'Yanks Out' to any question, I don't think anyone is keen on them but they own the club and unless anyone has got £40m (guess) to purchase the club, then they are going nowhere. No one is going to spend £40m on a championship club to see it lose money, year on year.
I also don't like the term 'Yanks Out' as we have hundreds, if not thousands of stateside Jacks who should be encouraged not ridiculed. | | | |
| Convertible Loan Notes [official] on 10:30 - Mar 22 with 1371 views | Badlands |
| Convertible Loan Notes [official] on 22:19 - Mar 21 by ReslovenSwan1 |
This is an investment of £16m.
People do not go about selling shares by buying extra shares. That does not make sense. Nor do they buy shares and then immediately sell them for the same price. Silverstein for example. what is the point of that?
The 'quick flip' was mentioned in earlier years trying to pigeon hole these owners as "fly by nights". It fitted a fake narrative.
The narrative is fake but it goes year after year. Forum sages have done a good job creating a fantasy. Just keep saying the wrong thing hundreds of times and therefore it becomes credible. |
What might be happening is the US consortium are building a share ownership fit for sale.
I don’t think they are looking to sell, unless a good offer comes in and the quick buck nonsense has been well and truly debunked (unless you are, as you point out a complete fantasist).
As I understand it, loans get changed into shares which reduces the number of shares currently owned (The conversion of the latest round of loan notes will mean the Trust’s shareholding becomes 13.1% from 16%. Feb 23).
Once the Trust share reaches 5% (Trust’s share rights will never dip below 5%, unless we agree to sell this shareholding) and overall share ownership outside the consortium reduces to c10%, the club becomes a significantly more appealing prospect for a takeover. [Post edited 22 Mar 2023 10:30]
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| Convertible Loan Notes [official] on 17:11 - Mar 22 with 1218 views | max936 |
| Convertible Loan Notes [official] on 10:30 - Mar 22 by Badlands |
What might be happening is the US consortium are building a share ownership fit for sale.
I don’t think they are looking to sell, unless a good offer comes in and the quick buck nonsense has been well and truly debunked (unless you are, as you point out a complete fantasist).
As I understand it, loans get changed into shares which reduces the number of shares currently owned (The conversion of the latest round of loan notes will mean the Trust’s shareholding becomes 13.1% from 16%. Feb 23).
Once the Trust share reaches 5% (Trust’s share rights will never dip below 5%, unless we agree to sell this shareholding) and overall share ownership outside the consortium reduces to c10%, the club becomes a significantly more appealing prospect for a takeover. [Post edited 22 Mar 2023 10:30]
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"Trust’s share rights will never dip below 5%, unless we agree to sell this shareholding"
"We" being who exactly? [Post edited 22 Mar 2023 17:12]
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| Convertible Loan Notes [official] on 19:45 - Mar 22 with 1105 views | ReslovenSwan1 |
| Convertible Loan Notes [official] on 17:11 - Mar 22 by max936 |
"Trust’s share rights will never dip below 5%, unless we agree to sell this shareholding"
"We" being who exactly? [Post edited 22 Mar 2023 17:12]
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I do not believe the USA people would leave themselves open to the Trust blocking a sale after all that happened 2016-2022 .
Consider a rich Arab buyer offering £200m but wanting 100%. The deal surely would not be at the behest of a membership vote which would take 6 months to organise by which time the Arabs would have gone elsewhere. Levien and co would never accept this after the shenanigans that went on before.
There must be in my opinion a (probably confidential) 'tag on' agreement with a minimum pre agreed selling price.
The we is the current board. It will be their legacy. Just as the mess they inherited was handed to them. | |
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| Convertible Loan Notes [official] on 20:27 - Mar 22 with 1069 views | Whiterockin |
| Convertible Loan Notes [official] on 19:45 - Mar 22 by ReslovenSwan1 |
I do not believe the USA people would leave themselves open to the Trust blocking a sale after all that happened 2016-2022 .
Consider a rich Arab buyer offering £200m but wanting 100%. The deal surely would not be at the behest of a membership vote which would take 6 months to organise by which time the Arabs would have gone elsewhere. Levien and co would never accept this after the shenanigans that went on before.
There must be in my opinion a (probably confidential) 'tag on' agreement with a minimum pre agreed selling price.
The we is the current board. It will be their legacy. Just as the mess they inherited was handed to them. |
The trusts shares will never be diluted below 5%, that as they say is a fact. | | | |
| Convertible Loan Notes [official] on 22:31 - Mar 22 with 999 views | ReslovenSwan1 |
| Convertible Loan Notes [official] on 20:27 - Mar 22 by Whiterockin |
The trusts shares will never be diluted below 5%, that as they say is a fact. |
This is not disputed. I would however be surprised if the US people have agreed anything that would allow the Trust to block a 100% takeover sale in order to preserve their 5% ownership. The Qataris want 100% of Manchester United for example.
The Trust move at glacial pace. I was also under the impression that they were due £500k irrespective of promotion or sale for the wording of press reports. | |
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