As Katzen is stalling, could the trust jump in and sell and leave him holding the shares? Genuine question from a member of the trust, as I have read lots of views of keeping the cash for emergency times rather than hanging onto shares which may be in reality not worth a lot.
Swansea bit for those who don't want to read the whole thing
Swansea City Accounts of Swansea City Football 2002 Ltd for 14 months to 31 July 2015 (club changed its financial year end to 31 July, so all figures are for 14 months from 31 May 2014)
• Ownership Martin Morgan 23.7%; Brian Katzen 10.5%; Jeffrey Crevoiserat 10.5%; Swansea City Supporters Society Limited 21.1%; Huw Jenkins 13.2%; Robert Davies 10.5%; John van Zweden 5%; Leigh Dineen 5%
• Turnover Joint 12th highest in League £104m, up from £99m in 2014
• Income Gate and match-day income £8m; TV and broadcasting £85m; Commercial & other £11m
• Wage bill 8th highest in League £83m, up from £63m in 2014
• Wages as proportion of turnover 80%
• Profit before tax £2m, following £1m profit in 2014
• Net debt £21m
• Interest payable £0.2m
• Highest-paid director Huw Jenkins, £516,667
State they are in: Long hailed as a model ownership structure, including by the Premier League’s Richard Scudamore. But the shareholders who have been partners to the supporters trust’s 21% stake for 14 years are now selling. The takeover by US investors Stephen Kaplan and Jason Levien is understood to be nearing completion, with the owners set to make millions for shares now valued at 100 times more than they paid in 2002. Huw Jenkins, credited with expert stewardship of the club through its remarkable rise, is set to stay as executive chairman.
Hi everyone, this little girl lives in Brynmill and has just turned 5 and is a little friend of my daughter. The NHS has refused funding for further treatment so any treatment has to be funded independently. If you can take a look please do, as they are in a race against time to get her the help she needs. https://www.gofundme.com/phoebeflo
As soon as the result was in the plastic fanboys (life long fans of top 4 but never been to a live game types) started texting me looking for a bite. Strangely I didn't feel too bad about bombing out. Sure I was annoyed with the performance but I still see this season as a rebuild.
We lost a lot of our squad over the summer, and it's GM's first full season. We have just lost Bony, Ki is away and of course the mass squad changes. It has been easy to get carried away as we have surpassed expectations in the first half of the season when we should have been trying to gel.
JJS - I was so pleased to see him back yesterday as I love his individual moments of brilliance and his ability to pinpoint pass to a player half a field away......but the bloke is nuts. I would have assumed he would have been an angel yesterday coming off a 4 game ban, but first challenge and he was looking for afters and squaring up. You could see the tirade coming out of his mouth as the ref went over, and it was clear......he has not learned a thing and is still a liability.
Before the game on Tuesday myself and my friend were having a chat about the impending release of Jack to a King, and if it will be a rehash of the BBC documentary.
The biggest talking point was about the ‘official history’ of the recent (last 20 years) at the club and the highs and lows. The people talking about their memories and the Kevin Johnification of the supporter base.......the pop and crisp, up the workies, money in a biscuit tin supporter that is always shown.
We got to talking about memories on the North Bank, and away trips. People rammed into the back of rusty hire transit vans. Cans of shit lager whilst being gassed with exhaust fumes, and times you laugh until you can’t breath. Those are a lot of off field memories, as the on field ones were often not ones you care to remember.
I have forgotten more games than I can remember, yet it often what goes on around the game that cement the memory. My School mate taking a run at one of the big blue Gulf Oil bins behind the North Bank after a few too many beers pre match, sidestepping a steward and American Football style launching it with a shoulder barge only to be dragged off by 2 coppers.
Asking in the club shop if they were going to stock keepers kit next year, and being told if I pay earlier they will order me one when they get Roger’s kit in. The gutted faces of the Port Vale fans when we knocked them out of the Autoglass, and of course the white hot atmospheres against Cardiff.
The Petty era for many was some marches and a meeting (me included) as not directly having the cash to help rescue the club but the feeling that something must be done and the birth of direct supporter action at our club.
I won’t keep on, as I have habits of posting too much what’s on my brain.....but my main point is as much as I am looking forward to Jack to a King.....I hope they don’t wheel out the stripy jumper brigade for all the sound bites, and maybe explore a more balanced approach at our club and football fan culture in general.