Club statement: Loan converted to equity

[Nocountryforoldjack]

A friend of mine was doing some work at the stadium a couple of weeks ago and was introduced to Nigel Morris… he said he came across very well… talking about how he considers himself Welsh - he’s got some Welsh heritage.

So another venture capitalist might be taking over from the current venture capitalists..... Sweet.

 

[Longlostjack]

Seems like a bright chap. Remitidley only based on a quick Google search.

 

[Risc]

Phil, are you ready for you’re “herreee we go” article, Romano style?

May finally hear something today?

Edit - not heard anything else just saw ux’s tweet so assuming he’s had an update of some sort.

 

[Swansea93]

Phil, are you ready for you’re “herreee we go” article, Romano style?

May finally hear something today?

Edit - not heard anything else just saw ux’s tweet so assuming he’s had an update of some sort.

What’s the latest gossip on this Risc?

 

[Cinio Dydd Sul]

Dragging on a bit this now.

Rumours been around for weeks with people saying announcements would were due last week, then middle of this week, then by end of this week....

Is it actually happening or what?

And what is it?

 

[Swansea93]

Must be something going on, there was loads of down Fairwood last week, and with talk that Martin is off in the summer, maybe it’ll all get announced then.

IF it’s a full takeover then that might explain Martin going as they’ll want their own person in charge.

 

[Cooperman]

Dragging on a bit this now.

Rumours been around for weeks with people saying announcements would were due last week, then middle of this week, then by end of this week....

Is it actually happening or what?

And what is it?

This week, Chief. Fax lines down due to long weekend.

 

[Swanseaborn]

New allotment of shares listed on companies house today, to the tune of £25m

 

[Risc]

What the hell is going on?

 

[Swanseaborn]

What the hell is going on?

My guess? Window dressing before a new investor comes on board

 

[Risc]

My guess? Window dressing before a new investor comes on board

Yeah that's how I see it.

 

[3swan]

https://www.swanstrust.co.uk/news/trust-statement-2/

£1m

 

[3swan]

https://www.swanstrust.co.uk/news/trust-statement-2/

£1m

 

[Swansea93]

Anyone thinking a full sale is on the cards here?

 

[TerryPHELAN]

Anyone thinking a full sale is on the cards here?

That’s my thinking. Loans converted to equity, reducing the debt liability, making us a more attractive proposition for a buyer.