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|The change of accounting year end has restricted our transfer time .|
at 09:10 24 Jul 2017
Last year in the first week of August we sold two of our best player,Williams and Ayew for £31m.
Some of that money was then spent on acquiring replacements.Of these, two, Mawson and Llorente eventually proved to be excellent purchases , whilst others like Borja and Van Der Hoorn turned out the opposite.
What these transfers did however was to disrupt the team to the extent that in our first 19 games in the Premiership we won only 2 matches.It also led to the sacking of 2managers and a fight against relegation for the rest of the season.
It does not appear that we have learnt our lesson.
The uncertainty regarding our two best players Sigurdsson and Llorente ,could well see them being sold with weeks to go before the start of this season, with again little time to acquire replacements.
However good a manager we have in Paul Clement or anyone else for that matter, means that they start the season with a huge disadvantage. They have a team that has lost its best players, and new players who have to blend with the rest of the team, who themselves must feel tremendous uncertainty regarding their own positions and style of play.
So why are we putting the team, the manager, and the success of the club through this torture again?
Is it for accounting reasons?
Two years ago we changed our accounting year end from 31May to 31st July.
Is this now the reason that we leave our big sales to August.
By doing this the profit from these sales comes into a new accounting year and Corporation tax is paid on profits a year later.
If we sold Sigurdsson before the end of July the profit on his sale of say £40m (sale proceeds less amortised value) would be added to the profit of £30m made on the Williams and Ayew sale at the beginning of the accounts year. Corporation Tax on the £40m could amount to £8m which would have to be paid by the 1st May 2018. By selling him next week in August the Corporation Tax is due for payment on the 1st May 2019 . For those who think spending the proceeds on new players would save that tax are incorrect because even if the £40 m was spent on new players only amortisation based on a percentage of the length of their contracts could be charged in the yearly accounts.
So by changing the accounting year we have forced our transfer dealing into a very short period in August.Next year will be the same as if Sigurdsson is sold his profit will affect our sales and spend prior to July 31st 2018.
|Liberty Lease.. Dineen and Jenkins are representing the club!|
at 10:51 20 Feb 2017
The present company that was granted a fifty year lease to run the Liberty Stadium on behalf of Swansea City, the Ospreys, and the Council is Swansea City Management Company reg number 05176687.
Three of the directors representing Swansea City in this Company are Huw Jenkins,Chris Pearlman (appointed 19/12/16) and a certain L A John Dineen!
The current set up of the Company appears to be very much in Swansea City's favour.
Of gate receipts collected by the Company of £5.130380 in the last published accounts to 31st May 2015, the total charged by the company amounted to only £306468. Even with an apparent charge to the Premier Club of £340112 ,these are not substantial charges considering the Company has to pay for the upkeep of the ground and facilities etc. The Company also receives income from the Ospreys of £73695 on collected turnover of £608396.(Incidentally this amount was erroneously shown in note 26 of the Association accounts by Deloittes as being the football clubs payment when in the Stadium accounts it is shown as Osprey gate collection receipts.)
My point is that the Stadium Management Company represents a very good deal at present forSwansea city Football Club.
Is this agreement now going to be scuppered (and under the terms of the lease it can only be done with the agreement of the Club,the Ospreys and the Council) , because we are represented by Dineen,Jenkins and Pearlman. We know the first two have put their own financial interests in front of the club's by their deviousness over the share deal.Pearlman obviously will have the American investors best interests foremost.
Are we being stitched up on this.
|Sale of Liberty.The Trust should be involved now.|
at 04:05 19 Feb 2017
The papers are making great ploy about the fact that the Liberty lease is possibly going to be transferred to SwanseaCity Football Club, as if the transfer is being made for the good of football in Swansea and for the people of Swansea.
Yet in reality the lease is being sold to a group of American investors, and the negotiating party on their behalf are probably the same people who conspired together to keep the Trust out of the sale of the Club itself.
The Trust should be involved fully in this sale/transfer.Legally they have no power, but this is not a normal transaction.This is a sale involving representatives of the City of Swansea, in other words ourselves.Surely if these representatives have the future good of football in Swansea at heart they should involve the Trust ,who represent that future more than the Americans or the sell outs, Jenkins, Morgan etc could ever do.
When we talk about a long term lease of say 50 years it doesn't sound so bad as an outright sale. But of course it is game changing for ever as far as we, the people are concerned, because where will most of us be in fifty years time.
The Trust are the people of Swansea as far as the football club is concerned.They should be the Contributors as well as the watchdogs as far as this transaction is concerned.
It is no good for the Trust to come back and say afterwards that they wished that this or that had happened in respect of the lease.They should be consultants and leaders .If that twenty two per cent is worth anything it should be brought into action now, and the Council told in no uncertain way, that the Trust wants to be part of these discussions and must be part of these discussions, for the future good of the foot ball club and for the future benefit of Swansea.
|Many Clouds dies from exhaustion after winning at Cheltenham.|
at 14:37 28 Jan 2017
Many Clouds past winner of the Grand National collapses and dies after winning the Cotswald Chase today at Cheltenham. He was known as a horse that needed oxygen after racing.Should that death have been avoided? He obviously had problems.
|Blame the guy.|
at 17:18 3 Dec 2016
Blame the guy who sold our club.
Blame the guy who deceived the Trust
Blame the guy who sold our best players.
Blame the guy who's spent money on crap.
Blame the guy who sacked Guidolin in a disgraceful manner.
Blame the guy who appointed Bradley.
Blame the guy who is still in charge with £6m in his pocket.
|Life without Bony|
at 22:36 11 Feb 2015
Five games, three goals scored, nine against, and out of the cup to a Championship club.
Early days I know but very worrying.
Even more worrying is the lack of fight in general.
And even more worrying is the teams chosen.Britton not even on the bench. Carroll and Fulton play so well at Southampton.don't get a look in since.
Angel Rangel ,different class when brought on on Saturday doesn't get a run.
Matt Grimes, big money, has hardly made it to the bench.
Is this a case where the managers signings, Cork,Oliviera,naughton will be picked regardless.
Also how can he drop Gomis after his public promises to hom.
Obviously no worries at the moment, but the future most certainly isn't looking so bright.
|Do you care who wins tomorrow?|
at 09:19 5 Feb 2015
Seven pages in the sports part of today's Western Mail, and most of the front page taken up by the news that the Millenium roof is going to be closed, rugby mania time has started once more.
And if Wales is successful in winning the match against England the paper will have to double in size to contain all the hysterics.
We will be told on the Welsh media that Wales and rugby are synonymous.How Wales first became a nation when it defeated the All Blacks in 1905.and how our success on the rugby field justifies our claims for independence ,particularly if we beat England.
Well I suppose I must be regarded as very odd.For I personally couldn't care less if Wales win tomorrow.I won't even watch it .
I personally hate rugby and the crap that goes with it.
In fact I couldn't care less whether Wales won or not.
I wonder if there's anyone else who feels the same?
This post has been edited by an administrator
|The Trust has had it wrong from the start!|
at 07:37 29 Jan 2015
There is one fatal flaw in the Trust's approach to the proposed sale of shares to the American investors.
From the beginning they have indicated,without any open discussion with members,that they are not interested themselves in selling any of their shares.From the Trusts minutes it is recorded that from the beginning of negotiations the Trust informed the buyers that their shares were not for sale.
On a pro rata basis the percentage of shares sold would amount to no more than about 6%.
This would leave the Trust with a 16% share?This would be perfectly adequate to give the Trust the same input into it's Boardroom involvement as now.Same representation,same limits on what it can and can't do.
Whether the Trust has 21% or 16% of the Shares does not really alter the Trusts say in the Boardroom one iota.
If one looks at the Trusts list of Aims or ,in other words the reasons why the Trust was set up in the first place, you will not find any suggestion that the aim of the Trust is to own or run the club.
It's main aim is to ensure the preservation of League football at Swansea..
This aim was obviously a reaction to the dire days ,and aftermath of the Petty era.
In reality there is only one way that the Trust can achieve that aim.
By having sufficient funds to enable or help the Financial state of the club if a similar catastrophe occurs in the future.
From the clubs present position of Premiership and financial well being, it seems almost impossible to imagine a similar catastrophe occurring again.
But we all know that there are no certainties in football, and the lower leagues are littered with successful teams of the past where future certainties are as negative as their bank balances.
A fine example of this is Coventry.In Premiership and preceding First Division days an ever regular well run club.Now a club almost without a ground.
In order therefore for the Trust to follow its own objectives, money is king.
The last three years has seen the Trust receive dividends in accord with its shareholdings of Approximately £600,000.
A nice sum indeed to have in reserve if the calamity ever happens.
But not as nice as £6.6m which is apparently what the Trust would end up with if the they were part of a pro rata sale share.
The giving up of a £6m windfall does not really make any sense
The advantages of retaining the 21% share in the hope of increasing it to a more influential holding is virtually nil.
There would be a small loss in dividends in the future but with a new Board structure there is no guarantee that these would continue anyway.
As stated earlier the 16% holding would still afford the same board representation as previous.
The consequences of not taking the money now, is advantageous to the other shareholders.
And remember most of all that although the Trust talk about a new shareholders agreement to protect their status, this will be almost impossible to achieve if the remaining shareholders do not want it.
In accordance with the Trust's main aim therefore they should take this opportunity of increasing the funding .
In that way ,and that way only, the Trust will have a much better opportunity in the future of achieving its prime aim of maintaining league football in Swansea in the future if ever things once again go pear shape.
at 21:44 24 Jan 2015
Jazz Richards has joined Fulham on loan, it has just been announced.
|We are on the slide and something needs to be done quickly.|
at 14:35 24 Jan 2015
Whatever our present position we are on the slide. There are too many players going backwards.
Something needs to be done and done quickly.
I am now beginning to fear for our future.
The quality has gone.Our top goal scorer is gone, and at the moment we are playing like headless chickens.
|A kind referee.|
at 07:53 19 Jan 2015
It is not often that kindness is shown by a referee, but it could be argued that referee Jon Moss illustrated that unusual attribute for a man with a whistle , by finishing the game with only one minute, two seconds of additional time, which is the lowest time added on for any of the 218 premiership games played this season.
Considering that in the second half there were two delays totalling three minutes ,five substitutions and a goal,the lack of time added would normally have had Jose Mourinho spitting insults at the officials.
With Ashley Williams desperately hoping to avoid physical contact on his injured shoulder and limp hanging arm, it could be argued that for one rare occasion a referee said bugger the rules, let's use some common sense.Thank goodness he did.
|Our forgotten player. Jordi Amat.|
at 08:26 18 Jan 2015
Jordi Amat has played five times for us this year.We have won four of those games, and the only defeat was against Chelsea away when he was substituted at half time through injury,after we had played some outstanding football,completely unlike yesterday.
We paid £2.5m for him after he had played 74 games in La Liga.
He has represented Spain at Under 16,17,18,19 ,20 and 21 levels.
He is still only 22 years of age.
Why is he now completely overlooked.
He hasn't even been given substitute time.
He played 25 times for us last year and never let us down once.
What is wrong?
|The positives from today.|
at 20:23 17 Jan 2015
At least no one can blame Angel Rangel.Leon Briton, or Jonjo Shelvey for today's performance.
|Cardiff's World Record Player.|
at 17:20 15 Jan 2015
To be fair it looks as though our near neighbours are the holders of a world record .The most expensive player of all time on a game/minute to cost basis has just been calculated on the Cardiff webb.
Andreas Cornelius played a total of 107 minutes for Cardiff in league football.
Signing on fee 1.25m
Transfer fee. 7.668 m
Agents fee. .863m
6months wages. 1.2m
Total cost. 10.9m
Sale proceeds. 3m
Net cost. 7.9m
Cost per minute therefore
7.9 m / 107
£738,317. Per minute played.
This is a record that is going to take a long time to break!
By the way he didn't ,of course ,score any goals during that period!
|Gomis a goner?|
at 08:19 15 Jan 2015
In the Times today..
'Crystal Palace's attempts to sign a second striker this week rest on their willingness to improve their offer to Bafetimbi Gomis after edging closer to meetingSwansea City's £8m valuation.
Gomis earns £55,000 per week at the Liberty Stadium and is seeking an increase of £15,000 a week if he is to join the relegation battle in south London with Alan Pardew, the Crystal Palace manager who tried on several occasions to sign the France forward while at Newcastle United.
Swansea still owe Gomis a large chunk of the £8m signing on fee agreed when he joined on a free transfer from Lyons last summer which has led the South Wales club to demand the same amount as a fee from Palace'
The last paragraph,if true ,seems amazing!
|Who pays the agent?|
at 16:26 14 Jan 2015
Who normally pays the agents fees. Is it the buying club ,the selling club or the player himself?
|Bony deal not yet done!|
at 11:06 14 Jan 2015
Sky reporting breaking news from Man City stating Bony deal not yet done.
Is something wrong I wonder.
|Should we wait until the summer to spend the Bony money?|
at 12:43 11 Jan 2015
Do we really need to spend the Bony money in the January window.
So long as Bafi stays we are in the fortunate position of not being desperate for a replacement, and our points total of 30 is more than adequate to ensure that we have no relegation worries whatsoever.
This will give us the extra time needed to look for players in the summer and not be rushed into wasting big money when there's no need.
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