There is really only one place the buck stops – next level and all that

[swansnews]

After almost 15 years of unprecedented success the Swans business plan turned sour the moment that the money of the Premier League overtook the need to protect the football club and we have been paying the price ever since. Nobody really knows at what point the dollar signs hit home to the previous...

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[Pegojack]

Good article, sums up our predicament perfectly. I am praying that some moneyed individual will fancy a football club as a plaything and his eyes will fall on us. I think the stadium size is a drawback though, for anyone with pretensions to get us into the Prem.

 

[Nocountryforoldjack]

It has also been suggested to me by more than one person that the club could now be leaking “consultancy fees” across the Atlantic – something that would be an even more worrying addition when we are seemingly unable to even consider a loan signing when we lose someone to a long term injury.

Does this mean they are taking money out of the club... When people suggested this in the past they were shouted down on here and told no evidence and then pointed to all the money the owners had invested. Oh boy.

 

[Uxy]

It has also been suggested to me by more than one person that the club could now be leaking “consultancy fees” across the Atlantic – something that would be an even more worrying addition when we are seemingly unable to even consider a loan signing when we lose someone to a long term injury.

Does this mean they are taking money out of the club... When people suggested this in the past they were shouted down on here and told no evidence and then pointed to all the money the owners had invested. Oh boy.

That's the bit that stuck with me.

Worth noting there's no evidence it's happened, but that's not the same thing as saying it didn't. This was one of the questions we never got answered, and there were rumours it happened.

 

[Niigata Jack]

After almost 15 years of unprecedented success the Swans business plan turned sour the moment that the money of the Premier League overtook the need to protect the football club and we have been paying the price ever since. Nobody really knows at what point the dollar signs hit home to the previous...

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And on top of all this the “Trust” have tossed away any leverage they may have had, well done, utter irresponsible clowns.

 

[Niigata Jack]

It has also been suggested to me by more than one person that the club could now be leaking “consultancy fees” across the Atlantic – something that would be an even more worrying addition when we are seemingly unable to even consider a loan signing when we lose someone to a long term injury.

Does this mean they are taking money out of the club... When people suggested this in the past they were shouted down on here and told no evidence and then pointed to all the money the owners had invested. Oh boy.

That's the bit that stuck with me.

Worth noting there's no evidence it's happened, but that's not the same thing as saying it didn't. This was one of the questions we never got answered, and there were rumours it happened.

Consultancy fees, what consultancy have they provided, sod all and if we’re paying for their advice no wonder we’re in trouble.

 

[Jackfath]

 

[Cinio Dydd Sul]

Does Silverstein as a director take a wage?

 

[monmouth]

We're in a state now.

Brentford 2020 and 2021 with the parachutes now look like the last train to salvation. We're now looking like we might be on a replacement bus service to the late 1990s.

 

[Dewi1jack]

Consultancy fees, what consultancy have they provided, sod all and if we’re paying for their advice no wonder we’re in trouble.

Well the present Trust rocked up with Tweedle dumb and Tweedle beyond stupid to answer questions.
Talk about paying out for bad advice.

None of them that night could answer any questions.
So as they've sold the membership down the river, the Trust has to step up and say they took the wrong decision.
Thrown away what little pressure they could mount.

And if the Yankees want to wreck the club, the Trust has ensured that there is bad feelings between them and the fans.
So any call to Arms is going to be ignored by many.

 

[Uxy]

Does Silverstein as a director take a wage?

There was some discussion about this when the last accounts came out. Nobody knows for certain, but given the numbers mentioned, which showed the total directors pay and the highest single amount, it looks like a few directors are getting something, maybe 5 or more. There aren't that many directors. No certainty though.

 

[Niigata Jack]

Does Silverstein as a director take a wage?

And interest on loans he’s made to us, why would he convert those loans to shares with the state we’re in, those shares must be plummeting but he’s laughing all the way to the bank, with the interest he’s earning, plus his “consultancy” fees, the prick has never had it so good.

 

[Cinio Dydd Sul]

Does Silverstein as a director take a wage?

And interest on loans he’s made to us, why would he convert those loans to shares with the state we’re in, those shares must be plummeting but he’s laughing all the way to the bank, with the interest he’s earning, plus his “consultancy” fees, the prick has never had it so good.

Well so far, for loaning the club we know he's gained:
- interest on £5mill.
- a directorship.
- a decision making position at the club (overseeing how his own loan will be used amongst other things).
- increased publicity (with a compliant trust also acting as his own personal propaganda agency).

Quite possibly:
- some fee / bonus for brokering the trust / sellout deal.
- a directors wage.
- consultancy fees.

And after all that he could either take his loan back (if we remain at the wrong end of the table) or convert into shares if we're doing well (thereby potentially buying Premier league shares at championship share prices).

Not bad deal for him is it?

 

[J_B]

Looking at the state the club is in he clearly isn't earning his consultancy fee.

I wouldn't consult him over what flavour ice cream to buy.

 

[Niigata Jack]

And interest on loans he’s made to us, why would he convert those loans to shares with the state we’re in, those shares must be plummeting but he’s laughing all the way to the bank, with the interest he’s earning, plus his “consultancy” fees, the prick has never had it so good.

Well so far, for loaning the club we know he's gained:
- interest on £5mill.
- a directorship.
- a decision making position at the club (overseeing how his own loan will be used amongst other things).
- increased publicity (with a compliant trust also acting as his own personal propaganda agency).

Quite possibly:
- some fee / bonus for brokering the trust / sellout deal.
- a directors wage.
- consultancy fees.

And after all that he could either take his loan back (if we remain at the wrong end of the table) or convert into shares if we're doing well (thereby potentially buying Premier league shares at championship share prices).

Not bad deal for him is it?

He’s in a better position than SCFC are at the moment that’s for sure, l wouldn’t trust him to run a bath though and l don’t trust him with any SCFC dealings.