So where’s your money? Bear in mind that whichever dweeb you vote for if you had a proper vote (which you don’t unless you’re a member of the Conservative Party. Taking back control) is very likely to be the next prime minister of the UK. As terrifying as that prospect is when you look at the list.
The Swans’ Trust notes the resignation of Huw Jenkins. Mr Jenkins deserves credit for his part in the Swans’ rise to the Premier League and for that the Trust thanks him.
However on the occasion of his resignation we must also point out, once again, his involvement in the way the sale of the football club to its current owners was conducted, as well as the continuing negative impact of that sale. It is also important to remember Mr Jenkins’s culpability for the disastrous transfer dealings of the past three seasons, which are the main reason the club is in its current position. For these reasons, change was inevitable and necessary. History will decide Huw Jenkins’ place in the annals of Swansea City.
The Trust also notes the club owners’ pledge to work with the Trust to identify Mr Jenkins’ replacement. The Trust remains prepared to talk to the club’s owners about any subject at any time.
I’ve got two tickets for the League of Gentlemen’s live show in Cardiff on Friday 7 September. They’re in block 1, row CC seats 19 amd 20. The wife and I can’t go now so looking to get rid of them. The tickets cos £46 each.
Trust Board Elections 2018 – Notice of Ballot July 8, 2018
Nine nominations for the seven vacancies on the Trust Board had been received by the closing date. As a result a ballot of eligible Full Members will now take place. An eligible full member is a member who, on the 16 June 2018, had paid an Adult or Senior membership fee for the 2017/18 Season.
A voting form, together with the candidate statements of the nine nominations, is being posted to UK addresses later this week. Members may vote for up to seven candidates on the voting paper which should be returned, in the envelope provided, to be received no later than 5pm on Friday 27 July 2018.
We will be contacting overseas members separately.
The Swansea City Supporters’ Trust holds Annual Elections for Swans Trust Members to have the chance to be elected to the Trust Board. Full Board Members usually serve for a two year term and are eligible to stand for re-election. This year however, as a result of mid term vacancies which need to be filled, two of the Members elected may serve for ONE year, but will be eligible to stand for re-election.
THERE ARE SEVEN VACANCIES TO BE FILLED FOR THE 2018 ELECTION YEAR.
If you would like to put yourself forward to be elected as a Trust Board Member, please download the NOMINATION FORM below and send the completed form back to the Secretary by the 4TH JULY, 2018.
Trust-Board-Nomination-2018 Please include your name and full address on the Form. Note that nominations MUST be supported by SIX Swans Trust Members who were full Members (i.e. have paid a Membership Fee) on the date of this Notice – 16th June, 2018.
What you are required to do:.
Complete a brief statement (max. 250 words) about yourself with your Nomination Form for circulation to Full Trust Members in the event of a Ballot being required.
A ballot will be held if more than SEVEN Members are nominated. Trust Members who held full membership on the date of this election notice – 16th June 2018 will be eligible to vote in any subsequent ballot.
If elected you will serve for a period of ONE or TWO years from 1st August 2018. The main qualification you will need is enthusiasm and a desire to see the Swans succeed through the Club and the Trust working together. No experience is necessary, there is no pay.
You will be expected to join the monthly Board Meetings which are normally held on the first Monday of each month in Swansea commencing at 5.30pm, and participate in other Trust related activities as appropriate.
You are eligible to stand for election if
* On the date of this Notice you are a Full Swans Trust Member and you are aged 18 or over.
* You are not subject to a disqualification order under the Company Directors Disqualification Act.
* You have not been convicted of an indictable offence.
Should you have any questions or queries then please contact us.
Prior to the start of tonight’s Forum. Nigel Hamer, Secretary to the Swans Trust Board announced that current Trust Vice Chairman, Alan Lewis will be taking up the vacant position of Trust Chairman with immediate effect. Alan will also take on the position of Associate Director of the Club previously held by Will Morris.
Alan Lewis then addressed the Members Forum
Tonight’s Forum is as much an opportunity for members to ask questions as it is for us as a Trust Board to update you on recent events. We will open up the floor for questions after providing the update but first I thought it would be helpful to introduce you to those members of the Trust Board who have been able to join us tonight. It is particularly pleasing to welcome some of the new co-opted members who joined the Board earlier this week. There has been criticism that all the Trust Board are not known to members and one of the things we will be implementing shortly is to update the ‘Meet the Trust Board’area of the website with a short profile on each Board Members and a photo.
Just to go back over the events of the last few months; a period which has been something of a turbulent one both for the Trust off the field and the team on the pitch.
We have to start back in the Summer when members who voted in our consultation exercise provided a clear mandate to the Trust Board to pursue the sale of some shares to the majority shareholders on the terms outlined in the consultation pack which was sent to all members. We have to remember that this was the most comprehensive consultation exercise ever carried out by this organisation and yes there was a clear recommendation from the Trust Board but equally the alternative options were comprehensively covered in the documentation sent out to members.
Discussions then started with the majority shareholders legal team on drawing up the detailed paperwork to formalise the whole deal into a share purchase agreement. Progress was initially slow and it was not until October that questions emerged around some of the detailed aspects of the deal. There were a number of clarifications which were required around the wording of various clauses in the draft agreement we were considering. These clauses were still under discussion however and the main focus at that point was around the financial features of the deal. Whilst the gross figures quoted in the consultation exercise were confirmed, details emerged of a payment structure which, whilst in line with that payable to the previous shareholders in 2016, contained further detail which we had been unaware of. The payment structure was not therefore consistent with the figures featured in the consultation documents.
Questions around the payment structure were raised with the majority shareholders who pointed out that it was in line with the original deal with the previous shareholders. The debate around how we should then move forward led to a difference of views amongst the Trust Board with the majority view being that discussions should continue but always on the understanding that if terms could not be brought back in line with the consultation exercise we would go back to our members. Phil Sumbler felt at that point that in view of the information that had already been communicated to our members, he could not lead the Trust down that path. In his view the working relationship with the Majority Shareholders had broken down. Matt Griffiths also resigned for similar reasons.
Whilst disappointed to lose Phil and Matt the rest of the Trust Board agreed that the discussions between the legal teams should continue. As highlighted in our statement to members of 24 November there has been positive progress, with the majority owners being receptive in helping to find an amenable solution to allow the deal to move forward. The concerns around the financial aspects of the deal have been resolved and the payments are now fully in line with the detail provided to members in our consultation documentation
Discussions on the wording of various clauses comprising the proposed Share Holders Agreement have continued between the Legal Teams. One area of discussion has been around the original proposal, contained in the consultation papers, to consider providing 20% of the proceeds of the sale for stadium improvement/expansion. The important element, being set into the agreement is that any decision will be taken by members once detailed proposals have been made available. Other ways in which the proceeds from this sale can be used are governed to some extent by our rules and supporting legislation and this also needs to be covered. Other areas of discussion have been around the ability of the Trust Board as shareholders, to raise concerns around the actions of other shareholders etc. The Trust Board is conscious of its role as a shareholder and Director in the Football Club and its obligations around confidentiality and collective responsibility. At the same time it needs to reserve the right to voice the concerns of its members in an appropriate manner and we want to ensure that is clear in any agreement.
As a Trust Board we would have liked to have had this finalised by now but we have always acknowledged the need to ensure that the final product is in line with the detail provided to members in the Summer. Despite some of the queries that have arisen during this negotiation period, we now feel that we are close to finalising an agreement which will be fully in line with the detail provided in the members consultation documents. We are not quite there yet however and the commitment remains that if the final paperwork does not reflect the detail in the consultation documents then we will consult further with members.
We have another topic of general interest which we would like to update you on but perhaps before I mention that we can pause at this point and open up the floor for questions around what has been said so far.
School’s Enterprise Challenge
For some time now the Swans Trust board has been looking at ways to engage with the younger generation of Swans fans so that they are aware of its origins, purpose and ongoing work. Trust Board Members have been working with the Welsh Joint Examining Committee (WJEC) to develop an optional Enterprise Challenge as part of the Welsh Baccalaureate Qualification for 14-16 year olds. That qualification is a compulsory part of the curriculum for pupils of that age and the Trust’s Challenge would be an option within that. The WJEC have recently approved the Challenge, meaning that youngsters will in the future have the opportunity to come into contact and work with the Trust as part of their everyday studies. Hopefully this will lead to some of them having a greater ongoing involvement in the years to come.
The task now facing the board is to gradually roll out the challenge to schools in order to give pupils the opportunity to participate.
If any member would like further information about the Enterprise Challenge they can contact firstname.lastname@example.org
Please mark the email for the attention of Sian Davies (Schools in Neath Port Talbot and to the East) or Roger Goodwin (Schools in Swansea and to the West)