£6 million worth of new shares issued

[Swansea93]

Are we thinking they’ll sell the club before the summer?

 

[Londonlisa2001]

:lol: As someone much more astute than me just said to me, the “guaranteed” 5% is no longer 5%. We’ll it is, just 5% of a smaller amount.

It has 5% voting rights (worthless) because of the C class share.

Dividend rights, rights on winding up etc etc, diluted. But the trust of course knew that as they’re all over it.

 

[Cinio Dydd Sul]

Are we thinking they’ll sell the club before the summer?

Surely Silverstein won't? He's only just bought his shares for £8mill ish. Doubt he'd be able to sell them for higher than that?

And Kaplan / Leveins group would need to be prepared to take a huge loss on their outlay if they were to sell. They've spent about £90million now? But the clubs only currently worth around £30million?

 

[PSumbler]

It has 5% voting rights (worthless) because of the C class share.

Dividend rights, rights on winding up etc etc, diluted. But the trust of course knew that as they’re all over it.

Aye the Trust statement referencing the announcement

The only announcement being a tweet made by the former Trust chair

Probably disturbed evenings of a couple of people who had no idea this had already happened :lol:

 

[Cinio Dydd Sul]

Aye the Trust statement referencing the announcement

The only announcement being a tweet made by the former Trust chair

Probably disturbed evenings of a couple of people who had no idea this had already happened :lol:

Yes this was obviously a strategic move to announce these changes after a third party made it public. Planned all along this was :roll:

 

[Cinio Dydd Sul]

I notice Lord Haw Haw has taken his disco biscuits tonight

 

[jack_lord]

If the trusts shares are diluted. are the other "owners" from over the pond also seeing a similar dilution of their investment?

 

[PSumbler]

:lol: As someone much more astute than me just said to me, the “guaranteed” 5% is no longer 5%. We’ll it is, just 5% of a smaller amount.

Indeed and it’s an interesting point as it’s not a 5% shareholding but as Lisa says 5% voting rights

The statement that the shareholding cannot be diluted feels incorrect as it’s 47500 shares but every share issue means that is a lower shareholding surely (but keeping voting rights)

Just been reading Andy's latest tweet on this (his knowledge is much greater than mine on this) and that shareholding is now 3.1% not 5%

 

[Cinio Dydd Sul]

If the trusts shares are diluted. are the other "owners" from over the pond also seeing a similar dilution of their investment?

The statement says they've also put money in, so if they've matched the amount that Silverstein has converted, no they won't.

Other shareholders like Jenkins and Morgan however will have been diluted by this.

 

[Dr. Winston]

And Kaplan / Leveins group would need to be prepared to take a huge loss on their outlay if they were to sell. They've spent about £90million now? But the clubs only currently worth around £30million?

There are probably all sorts of tax write offs they could use to cover that. Besides, in the grand scheme of things, certainly compared to a lot of investments guys like Kaplan make, £60m isn't all that much. Certainly it's been offset by several other investments people involved have made.

For example, DC United was bought for for $33m. Latest valuation - $800m.

 

[PSumbler]

The statement says they've also put money in, so if they've matched the amount that Silverstein has converted, no they won't.

Other shareholders like Jenkins and Morgan however will have been diluted by this.

Anybody that didnt match investment at their % shareholding will be diluted.

The Trust (as per above) are also making factually incorrect statements "We should of course remember that 5% of our holding is not dilutable"

Unless of course the owners are giving them free shares on every issue...

 

[3swan]

Just to clarify, in very laymen's language please

Original talk was £10m split between the owners and Silverstein.

Then a figure of £13m was mentioned and some could have come from other sources.

Now its £16m

So questions

Was the first £3m mentioned from new investors (or part of)
Is the further £3 owners/Silverstein other sources.

And of course as it's converting loans to shares, there is no immediate extra money being given, it's all been given a few months ago and just paper transfer from loan to share.

The rest about share dilution I get.

 

[3swan]

There are probably all sorts of tax write offs they could use to cover that. Besides, in the grand scheme of things, certainly compared to a lot of investments guys like Kaplan make, £60m isn't all that much. Certainly it's been offset by several other investments people involved have made.

For example, DC United was bought for for $33m. Latest valuation - $800m.

Yep

https://www.sportico.com/leagues/soccer/2022/dc-united-valued-800-million-minority-stake-sale-1234689723/

Sounds familiar

"The new round of investment covers up to 5% of the franchise, according to multiple people familiar with the deal who were granted anonymity because the matter is private. The identities of the investors aren’t known."

 

[Cinio Dydd Sul]

There are probably all sorts of tax write offs they could use to cover that. Besides, in the grand scheme of things, certainly compared to a lot of investments guys like Kaplan make, £60m isn't all that much. Certainly it's been offset by several other investments people involved have made.

For example, DC United was bought for for $33m. Latest valuation - $800m.

Yes it's possible that aspects unrelated to the Swans may lead them to be open to selling us at a 'loss' yes. Especially as there's so many of them and the risk is divided into minute pieces (pound for pound for these people's. wealth).

 

[monmouth]

As Lisa said, it is of no matter any longer.

The trust is done. they have given away everything with their stupidity.