Swansea City owners talking to new investors

[Cinio Dydd Sul]

I appreciate they have left us in a relatively "ok" financial state compared to most other clubs, but it's best if they find new owners and move on now, the club will never be united with them at the helm.

I shudder every time I see the trust make a statement nowadays aswell though, when Phil, ECB etc were there, whatever action that was taken you knew it was for the right reasons and for the benefit of the club, I wouldn't trust the current lot as far as I could chuck them.

Can't see them doing that anytime soon though, unless they are prepared to accept a huge loss.

This investment talk looks like a bit of desperation - they still want to try to get back to the prem (where they'd probably try to sell quickly) but don't want to spend anymore of their own money doing so.

 

[Risc]

Can't see them doing that anytime soon though, unless they are prepared to accept a huge loss.

This investment talk looks like a bit of desperation - they still want to try to get back to the prem (where they'd probably try to sell quickly) but don't want to spend anymore of their own money doing so.

Trimming the wagebill considerably, which is understandable, but very hard to expect promotion while doing so.

 

[3swan]

Fak knows, there's been so many inconsistent statements from the trust, Winter, the Americans, generic club statements, its difficult to know.

I think, as far as I can see is that Silverstein loaned the club 5mill which was matched by Kaplan&Levein which they recently converted, thus diluting the trust&other shareholders.

There was talk of an additional 3mill loan from somewhere but no one ever confirmed where that was from. I don't think, as far as I can make out that loan has been converted yet?

Thanks, that's how I remember things, but as you say info hasn't been very clear to say the least.

 

[Cinio Dydd Sul]

The whole issue over the loan notes was clouded in secrecy and the Trust either don't know or hide behind a NDA to say nothing.

It could even be that Silverstein bought out a couple of the 28 as they wanted their money back?

It's always been a mystery but my decision not to renew Trust membership was ratified by the comment in the minutes about them being informed after the event (which will be spun as "We were kept informed along the way")

The same Trust minutes reference the membership at 670 for this year but also talks about giving away free membership to those involved in their schools project.

Ridiculous again that the trust are still being treated with contempt despite signing these agreements with the owners. Proves nothings changed and reinforces the current trust board's stupidity and naivety in going through with it.

 

[J_B]

The current Trust board has invited the contempt whilst treating its own membership with equal contempt.

My dislike of them is on a similar scale to my dislike of the sell outs.

 

[Swanjaxs]

Can't see them doing that anytime soon though, unless they are prepared to accept a huge loss.

This investment talk looks like a bit of desperation - they still want to try to get back to the prem (where they'd probably try to sell quickly) but don't want to spend anymore of their own money doing so.

I'd love to now how much if any the 28 investors have put in/lost in cold hard dollars, the apologists mantra is "look at the books, they haven't taken a penny out".
If they have taken a hit then of course I'd take my hat off, but that isn't really the way hedge funds are ment to work by all accounts...

 

[J_B]

I would think that most if not all the 28 put in money that they can afford to lose comfortably.

I note that Mindy Kaling recently bought Frank Sinatra’s old beach front property in Malibu for just under $10M. I doubt that she’s worrying too much about her investment in Swansea City.

 

[Jacket]

Not getting excited about this. They'll probably be compatriots of theirs believing that money can be made out of this project without any speculation to achieve that accumulation.

Unless these potential investors wear white towells on their heads, with oil money flowing out of their every pore, you just know it's going to be more of the same.

 

[PSumbler]

Strange timing.

Either the Trust has gone on their own in announcing this, or the club owners gave the ok

I know which is my guess.

Or they just didnt realise what they did...

 

[3swan]

Or they just didnt realise what they did...

Oh,my head

I can't handle more than two options

 

[Pegojack]

Perhaps TV images and programmes featuring Mr. Reynolds and the gogs have inspired other yanks to have a fling? Stranger things have happened.

 

[Niigata Jack]

Perhaps TV images and programmes featuring Mr. Reynolds and the gogs have inspired other yanks to have a fling? Stranger things have happened.

Perhaps the old Trumpet fancies a change of direction, can you imagine that :lol: :lol: :lol:

 

[sainthelens]

Don't know why they don't head to the middle east to tout/sell us on. They must have contacts of sorts there.

 

[Copamundial]

Don't know why they don't head to the middle east to tout/sell us on. They must have contacts of sorts there.

Cowbridge?

 

[Swanjaxs]

Cowbridge?

:lol: