“We need to move on” – Coleman takes a swipe at former owners as club is sold

Thursday, 7 November 2024, 22:05
12
2 mins read

As the Athletic report that the club is about to be sold, club Chairman Andy Coleman has admitted that he will be taking charge and takes a swipe at the previous owners when contacted for an opinion.

โ€œIt is critically important for Swansea City to move on from the previous owners,” were the words from his mouth when the Athletic contacted him for a viewpoint before he admitted that he wanted “to thank Brett Cravatt, Jason Cohen, Nigel Morris and our partners for coming together to make that happen. Together we are bringing more than ยฃ20 million directly into the club. This gives us a great foundation to drive Swansea City forward.โ€

The news that Kaplan and Levien have finally relinquished control of the club will be music to the ears of Swansea City supporters who have been critical of the ownership group for a long time not least from the controversial way in which they took charge of the club right the way through to their total desire to have control over decisions despite being absent from the club pretty much since relegation from the Premier League was confirmed.

Eight years of ownership will not be remembered for anything other than a systematic destruction of many of the things that made Swansea City a club to be proud of as we rose through the ranks from the foot of the football league to the Premier League and Europe.ย  ย Relegation came after a series of incredibly bad managerial and transfer decisions from which we have never really recovered despite a couple of play off misses since that relegation in 2016.

โ€œI can confirm Andy Coleman, Jason Cohen, Nigel Morris and I are acquiring the outstanding shares from Jason Levien, Steve Kaplan, and all their investors, pending EFL approval, ” said Brett Cravatt also to the Athletic.ย  “In addition, our collective group, including new strategic partners, is making a sizable investment into the club. Andy Coleman is running the club and we are all united behind his leadership, and excited for this new chapter for Swansea City.โ€

Quite what that ‘sizeable investment’ is remains to be seen as does the exact make up of the new ownership group who have obtained an estimated ninety per cent of the club with Morris personally owning ten per cent and the remainder eighty between them.ย  The Supporters Trust retain their small share in the club with other investors – still likely to include Huw Jenkins and Martin Morgan are believed to have retained their stake in the club.

It will be interesting over the coming months to see exactly what this does mean to the club.ย  ย Does it mean a total change of policies particularly around the investment into the football side of things that many fans have said has been sadly lacking in recent years and largely responsible for our indifferent form that has been so evident over the past three seasons.

The departure though of Kaplan and Levien is one to be celebrated and they certainly won’t be missed.ย  Not that they were ever really present by anything other than control

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Images courtesy of Getty Images, Athena Picture Agency and Swansea City Football Club.

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Avatar of Cinio Dydd Sul
Cinio Dydd Sul

Mel Nurse

2,024 messages 123 likes

Who's Jason Cohen then?

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N
Niigata Jack

Roger Freestone

6,773 messages 560 likes

Cravatt's right hand man in he?

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Avatar of Andrew - North Hill
Andrew - North Hill

Alan Waddle

911 messages 374 likes

Let's look at this in a balanced way.

It's fantastic news that K&L have finally f*cked off. That cannot be anything other than positive.

But this still leaves Colemanballs in charge of things. He knows as much about football as Gary Glitter knows about childcare.

Watch this space...

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Avatar of FearOfAJackPlanet
FearOfAJackPlanet

Alan Waddle

735 messages 251 likes

Just have to keep our fingers crossed that the next 'Director of Football' or whatever he'll be called is a few notches up in quality than the Luton office intern. If we get that appointment right, we can still get our sh*t together as a club.

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Avatar of Nocountryforoldjack
Nocountryforoldjack

Roger Freestone

5,973 messages 112 likes

The biggest problem we still have is that cunt Coleman will still be running the club.

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Avatar of Smurph
Smurph

Mel Nurse

2,480 messages 1,081 likes

Let's give him the benefit of the doubt now twit and twat are out of the way.

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Avatar of monmouth
monmouth

Roger Freestone

8,317 messages 656 likes

Isn't that Jason Cufflink?

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Avatar of Smurph
Smurph

Mel Nurse

2,480 messages 1,081 likes

It's David Dickie Bow the 3rd.

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Avatar of Gors Buster
Gors Buster

First Team Player

297 messages 99 likes

New head of footballing matters is key.
The poison has been drawn, they got their exit strategy, which I assume was to become completely invisible for 6 years and hope their investors have written us off or just forgotten about us.
Happy to give Coleman a chance, I think weโ€™ve got a great young manager, some good youngsters coming through, a solid core and some foreign lads still to get up to speed.

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Avatar of Swanjaxs
Swanjaxs

Roger Freestone

14,276 messages 1,668 likes

This hedge fund took the bait with all the J2AK spiel and saw an opportunity to make some money (that's what hedge funds do). There was a lot of cash around at the time: Premier League status, lots of saleable assets player-wise, and then parachute payments. We can all debate where the money has or has not ended up.

What can't be argued is the state we find ourselves in nowโ€”basically the polar opposite of when the hedge fund took the reins. This is the reason I'm filled with hope for the future. The new guys coming in know the score. They come in with eyes wide open: no Premier League, no parachute payments, not many saleable assets player-wise. But they are willing to take us on.

Onward and upward! ๐Ÿ™Œ

Reply 7 Likes

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