🍾🥳🎉🎊Club To Be Sold

[LaJollaJack]

Word is he has big plans for Swansea, including the iconic new hotel way down the Bayside

 

[ABSwan]

Unless he thinks it’s the one due north of LA.

There's a Swansea close to Boston too

 

[Cinio Dydd Sul]

Hopefully given the all clear next week with Tyler Morse expected to be named as a director.

It was announced it was Coleman, Cravatt and Morris buying the LLC's shares. So where does Morse fit in if he's not buying shares? Will he be putting money in amd diluting the new majority owners?

 

[RodgerTheDodger]

Kaplan and Levein bought the club on behalf of their wealth fund, and it's been an investment that has made a stonking capital loss. They will have been writing it down every year and using profit to shore up the numbers, but I can't help but suspect that this sale will include a complicated financial deal to serve K&L's need to get out without an 'on paper' disaster for their fund.

That need will also provide opportunities for games to be played by the parties concerned. I guess it will be quite a long time before we actually know what really happened.

For example, it would not surprise me if SCFC turns out to be a side element in a much wider deal. The value of the club is now quite modest compared to the value of corporate deals, and some of those involved in this have real serious money.

 

[Skippyjack]

Coleman said in his interview, an investor is jumping on board and on the board.. whether it's Morse or what, nobody knows..

 

[Captain_Sham]

Why does anyone think this is going to be any different? Genuinely curious.

 

[magicdaps10]

Reasons why I think some think it's going to be different.
*Kaplan and Levien have called the shots, made terrible decisions and done so without rarely touching land in South Wales
*The new guys will be making the calls whilst being more involved and actually in and around the club
*Morris has more wealth than Kaplan
*Morse has more wealth than Morris, Kaplan and Levien combined.

It could end up in disaster in reality.

 

[K23]

Why does anyone think this is going to be any different? Genuinely curious.

I think most people, myself included, are of the opinion that it couldn't possibly be worse than the stench of utter stagnation of the last few years.

 

[Smurph]

Why does anyone think this is going to be any different? Genuinely curious.

Coleman has made plenty of mistakes in his time here. I get the impression that he genuinely cares about the club which is the complete opposite of Twit and Twat.

It's a clean slate for me, lets judge him on his actions once the sale is complete.

 

[AusinIsOurHero]

There's a Swansea close to Boston too

Been there

 

[Gors Buster]

Big news from the U.S.A (Uvver Side of Ammanford).

 

[RodgerTheDodger]

Big news from the U.S.A (Uvver Side of Ammanford).

Lovely place, I go there a lot. Funny accent, full of guns and big cars.

 

[AusinIsOurHero]

Big news from the U.S.A (Uvver Side of Ammanford).

Have they finally given the go ahead for the McDonalds in the Tesco Ammanford car park?

 

[Cinio Dydd Sul]

Just for the avoidance of any doubt

When the club was sold to Kaplan and Levien

The Trust wrote to all previous shareholders, less than 48 hours after finding out about the deal and suggested that if the deal was right for the club then an offer for our shareholding would be considered by the members

I know that as fact. I have a copy of the letter. My signature is on the bottom of it as is my name.

Just saying as it kills the story that the Trust said they would never sell that is peddled around.

In the latest episode of obfuscation, buffoonery, desperate shilling and warped narratives to attempt to absolve the former owners of any guilt.....

The Trust (despite literally only knowing who the sellouts were selling to for 48 hours) should have been more forceful in their official formal correspondence to K&L, seemingly telling them that they were desperate to sell. Willing to 'consider' selling shares to these completely unknown quantities was apparently the incorrect language to use.

And this is apparently the reason K&L didn't buy the trust's shares.

Who'd have thought?

 

[Cinio Dydd Sul]

In the latest episode of obfuscation, buffoonery, desperate shilling and warped narratives to attempt to absolve the former owners of any guilt.....

The Trust (despite literally only knowing who the sellouts were selling to for 48 hours) should have been more forceful in their official formal correspondence to K&L, seemingly telling them that they were desperate to sell. Willing to 'consider' selling shares to these completely unknown quantities was apparently the incorrect language to use.

And this is apparently the reason K&L didn't buy the trust's shares.

Who'd have thought?

Ah now it's because the trust had never sold any shares before. That apparently means they'd never sell any under any circumstances ever.

All these ridiculous contortions just to avoid admitting the sellouts and K&L were devious slimy basterds.