• Thank you very much | Diolch yn fawr

    All at JackArmy.net would like to thank everyone who has played a part on this site over the past 25 years whether that is through writing, contributing, moderating, posting or just visting and reading.

    Without any of you the work that has gone into the site would have been pointless and we will always be proud that we built, generated and managed a community that was such a big part of the Swansea City supporting life for so long.

    It has been a pleasure to bring to you the site for so long but the time is now right to turn the lights out for the last time but we do it both with a heavy heart and a sense of pride driven by the so many messages received since we announced the closure.

    The site will remain here for a period until we archive and mothball it for the last time later this summer but all aspects are in a read only format.

    Thank you though for all the memories

    Phil Sumbler
    Owner, jackarmy.net

Winter calls on the club owners to do more and warns of player sales

  • Thread starter Thread starter JA News
  • Start date Start date
  • Replies Replies: Replies 2
  • Views Views: Views 1,020

JA News

Michu
Joined
Sep 19, 2020
Messages
2,710
Reaction score
134
Swansea City CEO Julian Winter says that the club’s ownership is aware of his calls to “do more” and that they will be contributing more in a bid to ensure that the club remains on a firm financial footing. Winter was speaking at a recent Supporter Dialogue event at the Swansea.com stadium which...

Read more
 
When I read "Winter calls" I expected a Dickensian scene of icicles on the noses of our Americans.
 
Notice the minutes quote Winter in describing the convertible loan note regarding who contributed?

Although it makes no sense. Silverstein invested half, matched by K&L. 2 halves = 100%. But then says other shareholders also weighed in?

'some of our other shareholders' presumably means plural, so does this mean the trust is the only shareholder not involved? The only other shareholders being Morgan&Jenkins?

Which of course means the dilution will be at the trust's door alone.... (If this ever does get converted &if the trust are still shareholders)?
 
Back
Top