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|Is there another club whose owners have less interest in the team?|
at 19:08 12 Jan 2019
The hedgefund 29 act like a silent partner, except they are the majority owners as a body. We never see them. We never hear from them.
They have spokespeople.
Pearlman occasionally announces some relative minor sponsorship deal.
Huw ocassionally tells us the key to promotion is selling players.
But nothing from the owners. Very odd. Or very clever I suppose.
|Trust Members update|
at 15:43 17 Nov 2018
Out in a few days...
Look forward to the legal experts on here telling us all why the Trust are the enemy, harming the club etc etc
at 05:34 10 Nov 2018
Anyone else on here doing this today?
Just finished my pre-race pasta...it is 5.30am...
Hoping to finish before the Swans game ends 😬
|Enjoyed that today a lot|
at 20:24 6 Oct 2018
Funny to say after we lost it, but I really enjoyed that and came away properly entertained and optimistic.
Similar feeling to when we lost away at Oldham that time...settle for the same outcome end of season
|Ryder Cup 2018 thread|
at 07:32 28 Sep 2018
That is some atmosphere on that 1st tee
Even the pros shaking 😀
|Team v Palace|
at 09:02 26 Aug 2018
Go on...have a go at naming the starting XI
I genuinely don't know enough u23 players to get anywhere near to this one
|Swans made biggest net transfer profit yesterday of all UK clubs|
at 00:49 10 Aug 2018
And last year they did the same too
But some of us on here are clearly too thick to see that this is part of some cunning grand plan that plays out with the likes of Declan John and Sean Clare at our club.
Looking forward to a day ahead where the apologists and football experts on here tell us how this is all a good thing really
|DC Utd's Ownership Group the same then it turns out as our 28|
at 23:06 7 Aug 2018
Well, except for one owner (I mean investor) I see reports in US now saying.
I'm abroad myself so cant do linky thing on phone, but no doubt someone can Google reports and put it up here.
Apologies if everyone knew that, must say I didn't realise the 2 investment groups were pretty much identical to a man and woman.
at 20:34 18 May 2018
This update is being sent to you as a registered member of Swansea City Supporters’ Society Limited, which is also known as the ‘Swansea City Supporters’ Trust’ (‘Trust’). If you are not a member of the Trust, please do not read it. If you are a member, please do not share it or pass it on to others. On the advice of our lawyers, we need to state that nothing in this update is, or is intended as, a waiver of legal professional privilege or any other type of privilege.
In January 2018 the majority owners of Swansea City decided to ‘put on hold’ indefinitely the ongoing discussions on the previously proposed deal relating to the part sale of the Trust’s shareholding in Swansea City Football 2002 Limited, which (through another company) owns the Football Club. With no indication as to whether the deal could be resurrected in the future, the Trust engaged further specialist legal advice in order to determine the next steps that could be taken to best protect the interests of the Trust and, therefore, our members. It will be recalled that we have previously reported that initial advice from Queen’s Counsel (a senior lawyer) was taken last year.
As a result, the Trust and our legal advisers have carried out a comprehensive review of the circumstances surrounding the 2016 sale of a controlling interest in the Club and the impact of these events on the Trust and our shareholding. This involved going back to 2001/2002, when the Club was saved from bankruptcy by the Trust and others, and establishing the relevant factual history and developments from then until the present day. Many people and sources had to be consulted to achieve this and the exercise has only been completed within the last few days.
Our lawyers have today sent (by electronic means or post) to the Club and its shareholders a detailed letter, setting out a number of legal claims on the part of the Trust, including complaints as to the very negative impact the sale and related matters have had on the Trust’s position as a shareholder. The letter and its schedules extend to some 60 pages.
On advice from our lawyers, and in accordance with Court guidelines, the Trust has offered to enter into a formal ‘mediation’ process with the majority owners and others, in order to seek to resolve these claims and complaints. The aim is to seek a provisional agreement to settle past differences, with a view to moving ahead together with the task of rebuilding the Club and returning it to top level football. Any such provisional agreement would be put to members for approval, by way of a consultation.
Mediation is a voluntary and confidential process in which relevant parties seek to resolve disputes with the assistance of a trained independent and impartial mediator. The mediator cannot impose a solution, but uses his or her skills to bring the parties together. The letter that has been sent proposes that mediation takes place in early July, to allow time for responses to be provided to the letter. While it is a voluntary process, mediation is increasingly being seen by courts as a necessary first step before any formal court proceedings are taken and costs sanctions can be applied for unreasonably failing to mediate. The Trust is duty bound to explore all available legal avenues to protect the interests of the Trust and our members. If mediation were refused or the process proved unsuccessful, and if Trust members support such action, future court proceedings are possible.
If a potential resolution is achieved via the mediation process, it will be set out in a binding, written settlement agreement. However, we can assure our members that any agreement will not be finalised unless it is approved by Trust members as part of a formal consultation exercise.
Members should be aware, however, that if the offer of formal mediation is accepted, that it is a confidential process. This means that the Trust Board will be limited in what we are able to report during the mediation process, unless or until a provisional agreement is reached (or alternative options are identified) on which members can be consulted.
We will update members as soon as we are able to provide further information.
The Swans Trust Team
|Trust's Shareholding and the Next Steps|
at 18:45 15 May 2018
Statement was promised for this week (last week)...keep refreshing my browser to see if that Members email has landed yet...nope.
If the Membership don't this time vote for legal action (assuming that is what's going to be on offer) given where we now are...words will genuinely fail me.
This time, The Trust shouldn't even have to put any spin into the options, should they?! The vote for legal action cannot possibly be in any credible question...surely.
|Our players out on loan|
at 23:33 9 May 2018
Bet they're looking forward to coming back now for pre-season training ahead of Reading, Wigan etc
|5 at the back Sunday|
at 22:28 9 May 2018
Carlos has got it all under control so no need to worry everyone
|Haye v Bellew|
at 21:13 5 May 2018
What time is the walk-on? Anyone know cheers.
|That was hoofball |
at 17:04 5 May 2018
for the last half hour or so...HOOFBALL...THE SWANS
Sorry Carlos...nice guy and all that, but looking more and more clueless
|Trust Members Facebook page|
at 07:07 12 Apr 2018
The Trust put up a thread on their Communications inviting comments. I posted 4/5 days ago saying the Members only facebook group wasnt a good thing/too insular/the Trust lacking in any social media prescence on twitter/ need to get the Trust message (whatever it is...) out there far better etc.
Expected some response, comments...nothing...on the Communications thread...I'd laugh at the irony if it wasn't serious.
If there's ever a re-vote, based on the fb group, sadly, I expect nothing other than the Members to vote to remain in with the Yanks.
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