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Reply | The results are in...
at 17:13 1 Aug 2018
I can only echo this - I understand why people may have become slightly disillusioned by the Trust in recent times but given the actions of the Trust over the past few months surely this is the time where everyone should band together and join. A consultation is very likely in the short term and we want as many fans as possible to be a part of this. |
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Reply | The results are in...
at 11:56 31 Jul 2018
Just a quick one from me to say thanks for all those that voted - fully committed to this role and look forward to working with the newly elected board. Big period for the Trust coming up. |
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Reply | WHO TO VOTE INTO THE TRUST - Candidate 4 ANDREW MCGLASHAN
at 10:23 18 Jul 2018
I am not sure where you have got "But then again it is the 21% headline stake that has always been the most important thing, to the Trust Board - not the value of the stake." from but all I can say is that from my 7 months on the Board this certainly hasn't been the case.
The only way retaining all of the 21% would work is that the terms are acceptable to the trust (this would cover all manner of things including dilution rights, drag and tag, board rep etc). I'm not sure if both sides would be able to come to an agreement on it that would work for everyone but that is the point of the mediation process. If we can't find a common ground on that then that won't be an option to put to members. The other options would still be explored at the same time lets not forget but no one on the Board will have an interest in just keeping the 21% for the sake of it. |
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Reply | WHO TO VOTE INTO THE TRUST - Candidate 4 ANDREW MCGLASHAN
at 20:20 17 Jul 2018
For the record also I am of the opinion that ties with HJ at director level should have been cut already. Those who listen to Radio Wales would have heard me being interviewed on behalf of the Trust on two occasions stating the same. |
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Reply | Trust board elections - notification of ballot.
at 15:31 17 Jul 2018
Lisa and I have disagreed on a number of points but she is good to work with.
On the age front, I may not be the oldest but in terms of years worth of experience of corporate and legal negotiations with US equity houses I imagine I may be towards the top (Lisa trumps me on this I admit but she isn't running). |
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Reply | WHO TO VOTE INTO THE TRUST - Candidate 4 ANDREW MCGLASHAN
at 14:41 17 Jul 2018
I appreciate your question and it is a fair one. I also know that there is a high likelihood that members of the current / previous owners probably trawl through these forums so that has to be factored in.
What I will say is that mediation allows for a number of potential outcomes given the flexibility of negotiations. Do I think the purchase of all of the shares @ £100m valuation is likely to be offered - highly doubtful to say the least. Could a part sale with the Trust having its some of its rights restored be an option - potentially depending on the rights. Can all of the shareholding be maintained and the comprehensive set of previous protections the Trust had be re-incorporated - more likely although the owners will not want anything that restricts there ability to (i) attract investors; and (ii) ultimately exit the Company on their own terms.
There will undoubtedly be a number of moving parts in any of the above negotiations so it is difficult for me to say which one is the only possible "just" outcome. I don't think we can look at this though thinking that we must either sell the shares or maintain the shares at any cost. Things have definitely moved on since the members' vote and I believe that authority to do the deal is no longer valid.
We have to be flexible and it will be down to the board to try and negotiate and see if a deal can be struck that they think is in the best interests of the Trust. Remember that there won't be just 2/3 defined options to choose from as each potential option will have different caveats that the other side will want which may not be acceptable. The decision will then be that of the members ultimately however as to whether it is the right one - and rightfully so. If a deal can't be struck or backed by members then court proceedings have to be considered by the Trust and its members - again rightfully so (although the remedies available from the court are much more limited than what can be achieved in Court).
So I know this will annoy you potentially but I can't say which option is best currently given I don't know what the specific terms and conditions of the options will be. What I am saying is that my experience of such corporate negotiations, including dealings with US investors, means I believe I can be of use to the Trust in such negotiations and have knowledge of what may trip the Trust up from a corporate perspective etc.
I can also say however that if mediation isn't fruitful then court proceedings have to be on the table and would need to be signed off by members and rightfully so. |
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Reply | WHO TO VOTE INTO THE TRUST - Candidate 4 ANDREW MCGLASHAN
at 14:15 17 Jul 2018
If mediation fails then in my mind there is only one viable option and that is to proceed with formal legal action through the courts (subject to approval of members). The Trust can't just down tools and let what has happened before slide. |
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Reply | WHO TO VOTE INTO THE TRUST - Candidate 4 ANDREW MCGLASHAN
at 20:45 16 Jul 2018
Given we only had 250 words I can understand that people may have some questions in respect of my nomination. I am happy to answer questions if people have any to clear up anything. In respect of the legal matter, I would like to add that I have already spent a significant amount of the past few months trying to get a just resolution for Trust members (together with several other board members I add). I am of the opinion that there is a process to follow but I remain open to all options if we cannot resolve matters outside of a court. Of course the members would need to decide on any such matters but I am determined that the wrongs that have occurred are set right. Apologies I maybe should have been clear on this in my statement. As to being slimey or not I will leave that for others to comment on... |
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Reply | Trust board elections - notification of ballot.
at 20:28 16 Jul 2018
Given we only had 250 words I can understand that people may have some questions in respect of my nomination. I am happy to answer questions if people have any to clear up anything. In respect of the legal matter, I would like to add that I have already spent a significant amount of the past few months trying to get a just resolution for Trust members (together with several other board members I add). I am of the opinion that there is a process to follow but I remain open to all options if we cannot resolve matters outside of a court. Of course the members would need to decide on any such matters but I am determined that the wrongs that have occurred are set right. Apologies I maybe should have been clear on this in my statement. As to being slimey or not I will leave that for others to comment on... |
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Reply | FAO new Trust board members: action on the proposed share sale
at 12:41 18 Dec 2017
I voted for the sale of the shares in the summer. I must say though that I wasn't happy with any of the options and was incredibly frustrated that this was the position we found ourselves in. I also didn't think that the legal route would ultimately get us to a better position. It would also have been a very expensive process, with no guaranteed success (although a strong case) and would have been a bad distraction for all involved.
I have got copies of what was sent to all members in the summer and I will compare this forensically to the current status of the deal. I will then be able to see what, if any, material differences there are. This process will then form my view on the deal and I will report back to the Trust board on the same. |
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Reply | FAO new Trust board members: action on the proposed share sale
at 11:49 18 Dec 2017
All
Just to update you, I have been in constant contact with Lisa and Dai since my appointment in respect of the share sale. Given my background I see this as the area I can most usefully assist at the moment. I am meeting up with Dai this week in London (as we are both babes here) to discuss so he can fully put me in the loop on events leading up to where we are. Following this I plan to set out my thoughts to the board on the deal. I can only say that from my experience during the last week that the board members have been very receptive of the thoughts of the new members and Lisa since we got involved. Lisa in particular is doing a great job of outlining her concerns and it is clear to say that her experience is going to be incredibly valuable.
I can say though that any worries about a deal being pushed through without cause or for any "dodgy" reasons can't be supported. I will continue to give my updates as I appreciate the need for transparency from members at present. |
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Reply | Swansea City Supporters Trust
at 13:18 14 Dec 2017
All
Just so you are aware, I am unable to attend the forum tonight due to prior commitments and the short notice associated with only being appointed at the start of the week. I can only hope that me coming down to Swansea from London for 3 hours to attend the meeting on Tuesday shows my commitment. I will of course be ensuring I am updated with the discussions that happen tonight. |
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Reply | Swansea City Supporters Trust
at 14:30 13 Dec 2017
As a follow up - given that I am a corporate lawyer, obviously the deal for the shares is the area I think I can be most useful. I still need to get to grips with the deal given I have only been on the board a few days. Rest assured though I am well aware from my day job that if the members vote on a deal then any material change to the terms of the that deal will need member sign off before it is signed. I will be the first to raise these concerns if I think that this is the case. |
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Reply | Swansea City Supporters Trust
at 13:07 13 Dec 2017
Hello everyone I am Andrew McGlashan and I’m also one of the new recruits to the Trust Board. A profile of me will be going up on to the Trust website in due course but for now I thought it would be helpful to give some background on myself:
I have been following the Swans since the 2000/01 season and my Olchfa days. I am a corporate solicitor that qualified in 2012 and I have a lot of experience in UK and international corporate deals. As a result I have a strong background in negotiation, project management and effective communication. My experience also includes working on a large number of deals with US parties and in particular private equity / venture capitalist houses. Given the current ownership of the Swans I believe my experience can compliment the current expertise on the Trust’s board.
During the period of 2014-2016 I wrote a number of articles on the Swans for a variety of websites. As a result I have forged a good network of Swansea writers & podcast producers who I believe can be extremely useful in helping to increase communications between the Trust and its members. I know this is an area that both the Board and members want to improve and so I will do everything I can to help this.
I am 31, currently based in London and I think this can help give a fresh view and opinion to the existing Board. I am also keen to help canvas the opinion of the large number of Jacks in London and this will be one of the key things I hope to achieve in the next 9 months.
Ultimately I offered to join the Trust because my view is that this is a critical time of the Trust and I can’t just sit by and not offer to help. I believe I have skills and experience that can compliment the existing Board and I am keen to take on as many members’ views as possible to help push the Trust forward. |
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Reply | The potential investment - brief corporate insight
at 12:02 29 Jan 2015
Whenever loans are mentioned I'm sure everyone gets nervous because of the Cardiff /AL-Fayed situation. The board are level headed though and won't put us in a dodgy position I'm sure. The negotiations will be in very fine detail I'm sure. |
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