| HJ 18:08 - Jun 23 with 6887 views | Whiterockin |
About to cut and run? |  | | |  |
| HJ on 19:21 - Jun 23 with 4907 views | Dr_Winston |
Must have lost a fair amount of those thirty pieces of silver hoping that lightning struck twice. |  |
| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
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| HJ on 19:42 - Jun 23 with 4876 views | Whiterockin |
| HJ on 19:21 - Jun 23 by Dr_Winston |
Must have lost a fair amount of those thirty pieces of silver hoping that lightning struck twice. |
He was stupid to take them on with the current stadium lease deal. Looks like he may have found a sucker to help him out. | | | |
| HJ on 19:45 - Jun 23 with 4862 views | KeithHaynes |
He genuinely felt he could pull it together.
Did well to stay up, but it seems a ticking time bomb. |  |
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| HJ on 17:08 - Jun 24 with 4403 views | ReslovenSwan1 |
| HJ on 19:42 - Jun 23 by Whiterockin |
He was stupid to take them on with the current stadium lease deal. Looks like he may have found a sucker to help him out. |
They were all suckers in 2002 but they all make millions the end.
In the Swansea story the only ones not the make a killing were the fans who behave like a branch the women's institute. ( Allergic to making real big money).
The " pieces of silver " narrative still persists. This is why SCST is no good other than for a mural or two. The fans were timid and that a fact. The fact that this lesson has not been learned means the SCST is of no value other than PR
HJ bought 52% of the club. If the new man is buying new shares it is new money for the club. If there is new money then HJ may stay on with 26% holding. Not " cutting and running. ( Not his style). He never wanted to leave Swansea. There has been a lot of transfer activity in recent days.the club [Post edited 24 Jun 17:12]
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| HJ on 17:34 - Jun 24 with 4344 views | Whiterockin |
| HJ on 17:08 - Jun 24 by ReslovenSwan1 |
They were all suckers in 2002 but they all make millions the end.
In the Swansea story the only ones not the make a killing were the fans who behave like a branch the women's institute. ( Allergic to making real big money).
The " pieces of silver " narrative still persists. This is why SCST is no good other than for a mural or two. The fans were timid and that a fact. The fact that this lesson has not been learned means the SCST is of no value other than PR
HJ bought 52% of the club. If the new man is buying new shares it is new money for the club. If there is new money then HJ may stay on with 26% holding. Not " cutting and running. ( Not his style). He never wanted to leave Swansea. There has been a lot of transfer activity in recent days.the club [Post edited 24 Jun 17:12]
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Some facts for you.
https://www.insideworldfootbal
Newport financial loss as Jenkins reliance revealed - https://www.bbc.co.uk/sport/fo | | | |
| HJ on 19:50 - Jun 24 with 4201 views | ReslovenSwan1 |
It is not clear if HJ has sold his 52% to the new fellow or the new fellow has bought 52% in new shares. New shares means new capital for the club . £ 5 m into the club means HJ s debt paid off and £2m capital.to spend.
More likely HJ will stay on, with the loan paid off gradually perhaps. The figures look a bit strange. £10m is a lot for Newport County | |
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| HJ on 20:23 - Jun 24 with 4145 views | Whiterockin |
| HJ on 19:50 - Jun 24 by ReslovenSwan1 |
It is not clear if HJ has sold his 52% to the new fellow or the new fellow has bought 52% in new shares. New shares means new capital for the club . £ 5 m into the club means HJ s debt paid off and £2m capital.to spend.
More likely HJ will stay on, with the loan paid off gradually perhaps. The figures look a bit strange. £10m is a lot for Newport County |
HJ wants out.
"The club has been seeking new investment and Jenkins has been keen to sell. He has reportedly pumped £3 million into the club but fortunes have not improved.' [Post edited 24 Jun 20:27]
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| HJ on 22:30 - Jun 24 with 4025 views | jack_lord |
| HJ on 17:08 - Jun 24 by ReslovenSwan1 |
They were all suckers in 2002 but they all make millions the end.
In the Swansea story the only ones not the make a killing were the fans who behave like a branch the women's institute. ( Allergic to making real big money).
The " pieces of silver " narrative still persists. This is why SCST is no good other than for a mural or two. The fans were timid and that a fact. The fact that this lesson has not been learned means the SCST is of no value other than PR
HJ bought 52% of the club. If the new man is buying new shares it is new money for the club. If there is new money then HJ may stay on with 26% holding. Not " cutting and running. ( Not his style). He never wanted to leave Swansea. There has been a lot of transfer activity in recent days.the club [Post edited 24 Jun 17:12]
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He never wanted to leave Swansea? but in spite of this revelation he sold his stake by his own choice by keeping out the SCST and also did that thing with the voting rights |  |
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| HJ on 00:53 - Jun 25 with 3937 views | ReslovenSwan1 |
| HJ on 22:30 - Jun 24 by jack_lord |
He never wanted to leave Swansea? but in spite of this revelation he sold his stake by his own choice by keeping out the SCST and also did that thing with the voting rights |
He sold part of his stake but not all of it. He held shares for a few years after the sales.
I do not agree with your interpretation of the history. SCST shares were not up for sale while SCFC was in the Premier league. | |
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| HJ on 01:41 - Jun 25 with 3922 views | Robbie |
Glad Newport County again remained in the EFL by scraping through again on a last day drama anyway , more Welshies the better to annoy The FA as an intrusion into their closed shop domain .
Rangers and Celtic allowed into their Superleague plans or not interested into crossing the Border and falling in line with their ideas .
Up The County from me anyway . |  | | |
| HJ on 22:20 - Jun 25 with 3673 views | jack_lord |
| HJ on 00:53 - Jun 25 by ReslovenSwan1 |
He sold part of his stake but not all of it. He held shares for a few years after the sales.
I do not agree with your interpretation of the history. SCST shares were not up for sale while SCFC was in the Premier league. |
I do not agree with you on your interpretation. I know former directors and I know what I would call the most important people from the trust. The trust were shafted. | |
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| HJ on 22:55 - Jun 25 with 3629 views | RodgerTheDodger |
The Club was rescued by a bunch of guys putting their own money and saved it from Winding Up, which was just around the corner. Without them there would have been no club, Swansea City would have ceased to exist.
They then operated an unusual management model, with each of them having a place on the Board. It was a team, a very successful team, but it went stale. All teams go stale eventually. Normally to deal with this, a few people leave, new faces, new energy, but that wasn't possible because the Board was shareholders, that's how it worked. A stength became a paralysis.
It would be hard to find anyone to buy into that because it wasn't managed for RoI, for business purposes, it was managed for sucess and it would be very hard for a new person to become influential.
Something had to give, the very successful model had visibly ground to a halt and staying the same would have been a long slow disaster. I can tell you from experience, there would have been disconnection, bickering, wars and disinterest. That's what happens in a stale team.
So they sold the club to the Yanks. And why not? It didn't exist without their efforts and they built the success that the Yanks bought. If I had asset worth £5M that I had built up with my own risk and effort then someone told me I couldn't sell because they didn't like it - well sod off bluntly. Did anyone in Swansea offer to buy? Attempt to raise capital? No, they didn't.
The deal with the Yanks was pretty good for the Club. The still effective members of the Board stayed on and things were reasonably successful. The Yanks got stung but that's business - they didn't know about relegation. Had they understood it they would have seen things differently. Things later deteriorated but I suspect it would have been worse without a change.
So I don't see the sale as 'cut and run', rather 'we have to do something' and it looked the best option. I was quite relieved, the writing was on the wall. | | | |
| HJ on 23:46 - Jun 25 with 3604 views | max936 |
| HJ on 22:55 - Jun 25 by RodgerTheDodger |
The Club was rescued by a bunch of guys putting their own money and saved it from Winding Up, which was just around the corner. Without them there would have been no club, Swansea City would have ceased to exist.
They then operated an unusual management model, with each of them having a place on the Board. It was a team, a very successful team, but it went stale. All teams go stale eventually. Normally to deal with this, a few people leave, new faces, new energy, but that wasn't possible because the Board was shareholders, that's how it worked. A stength became a paralysis.
It would be hard to find anyone to buy into that because it wasn't managed for RoI, for business purposes, it was managed for sucess and it would be very hard for a new person to become influential.
Something had to give, the very successful model had visibly ground to a halt and staying the same would have been a long slow disaster. I can tell you from experience, there would have been disconnection, bickering, wars and disinterest. That's what happens in a stale team.
So they sold the club to the Yanks. And why not? It didn't exist without their efforts and they built the success that the Yanks bought. If I had asset worth £5M that I had built up with my own risk and effort then someone told me I couldn't sell because they didn't like it - well sod off bluntly. Did anyone in Swansea offer to buy? Attempt to raise capital? No, they didn't.
The deal with the Yanks was pretty good for the Club. The still effective members of the Board stayed on and things were reasonably successful. The Yanks got stung but that's business - they didn't know about relegation. Had they understood it they would have seen things differently. Things later deteriorated but I suspect it would have been worse without a change.
So I don't see the sale as 'cut and run', rather 'we have to do something' and it looked the best option. I was quite relieved, the writing was on the wall. |
What's your view on that promotional film Jack to a King and the lack of mention for the important members who fought and brought the end of the Petty era?, little did we think at the time that the film was an advertisement to sell the Swans.
Anyone that says it wasn't an advert to attract buyers is deluded, we were all sucked into the romance of the film , until its main reason for making it was revealed. [Post edited 25 Jun 23:48]
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| HJ on 07:32 - Jun 26 with 3526 views | RodgerTheDodger |
| HJ on 23:46 - Jun 25 by max936 |
What's your view on that promotional film Jack to a King and the lack of mention for the important members who fought and brought the end of the Petty era?, little did we think at the time that the film was an advertisement to sell the Swans.
Anyone that says it wasn't an advert to attract buyers is deluded, we were all sucked into the romance of the film , until its main reason for making it was revealed. [Post edited 25 Jun 23:48]
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A fair question and a straight answer. I didn't like it. As I didn't want negative thoughts about the club I just forgot about it. It seemed a bit plastic (not in the plastic fan sense) and when I realized Kenny Jackett was ignored I lost interest.
It was a PR exercise, certainly, but I thought aimed at bolting the town to the club and furthering the 'our club' ambience that fitted with the then style of management. Selling the club came down to numbers more than anything else. Everything a company does is to do with risk, profit and inertia. They successfully disguised the risk (buyer beware), the profit was good and potential very great, and the style of management had made the business low inertia.
It helped to add to a sense of a solid base, but the sale was all about the numbers. There's no romance in company management, but there is a lot of fear and with good reason. | | | |
| HJ on 08:02 - Jun 26 with 3508 views | jack_lord |
| HJ on 22:55 - Jun 25 by RodgerTheDodger |
The Club was rescued by a bunch of guys putting their own money and saved it from Winding Up, which was just around the corner. Without them there would have been no club, Swansea City would have ceased to exist.
They then operated an unusual management model, with each of them having a place on the Board. It was a team, a very successful team, but it went stale. All teams go stale eventually. Normally to deal with this, a few people leave, new faces, new energy, but that wasn't possible because the Board was shareholders, that's how it worked. A stength became a paralysis.
It would be hard to find anyone to buy into that because it wasn't managed for RoI, for business purposes, it was managed for sucess and it would be very hard for a new person to become influential.
Something had to give, the very successful model had visibly ground to a halt and staying the same would have been a long slow disaster. I can tell you from experience, there would have been disconnection, bickering, wars and disinterest. That's what happens in a stale team.
So they sold the club to the Yanks. And why not? It didn't exist without their efforts and they built the success that the Yanks bought. If I had asset worth £5M that I had built up with my own risk and effort then someone told me I couldn't sell because they didn't like it - well sod off bluntly. Did anyone in Swansea offer to buy? Attempt to raise capital? No, they didn't.
The deal with the Yanks was pretty good for the Club. The still effective members of the Board stayed on and things were reasonably successful. The Yanks got stung but that's business - they didn't know about relegation. Had they understood it they would have seen things differently. Things later deteriorated but I suspect it would have been worse without a change.
So I don't see the sale as 'cut and run', rather 'we have to do something' and it looked the best option. I was quite relieved, the writing was on the wall. |
The role of the trust galvanising the buyout with Mel nurse should not be underestimated. It may well not have happened without Nurse's and the trusts money. There was another offer on the table. | |
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| HJ on 09:21 - Jun 26 with 3445 views | Whiterockin |
Its nice to have sensible comments by people who know the facts, instead of drivel by those with an agenda. | | | |
| HJ on 09:43 - Jun 26 with 3422 views | RodgerTheDodger |
| HJ on 08:02 - Jun 26 by jack_lord |
The role of the trust galvanising the buyout with Mel nurse should not be underestimated. It may well not have happened without Nurse's and the trusts money. There was another offer on the table. |
I can't find a site that gives the timescale, but my recollection was that by the time the buyout happened time was very tight.
When you are running up to a Winding Up hearing time is of the essence and the only thing that counts is the guy with a Banker's Draft in his hand. An 'offer on the table' may be that, but it may also be a lot of other things. Without knowing the exact details it's not possible to assess it. | | | |
| HJ on 13:09 - Jun 26 with 3325 views | jack_lord |
| HJ on 09:43 - Jun 26 by RodgerTheDodger |
I can't find a site that gives the timescale, but my recollection was that by the time the buyout happened time was very tight.
When you are running up to a Winding Up hearing time is of the essence and the only thing that counts is the guy with a Banker's Draft in his hand. An 'offer on the table' may be that, but it may also be a lot of other things. Without knowing the exact details it's not possible to assess it. |
A Chinese consortium attempted to buy Swansea City in 2016, but the owners ultimately rejected their bid in favor of an American investment group. The trust were in favour of this offer | |
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| HJ on 14:00 - Jun 26 with 3272 views | shaggyrogers |
| HJ on 13:09 - Jun 26 by jack_lord |
A Chinese consortium attempted to buy Swansea City in 2016, but the owners ultimately rejected their bid in favor of an American investment group. The trust were in favour of this offer |
That is incorrect. The ' chinese consortium' never made an offer and in fact after they appeared in Swansea to meet the council he was never invited again. The reason being that it was found out that the guy was running around the Uk doing deals that he could never actually afford including duping the scottish government. I think he ended up disappearing altogether and so did his company sinofortone
This is from a newspaper at the time
A newspaper investigation has highlighted how a number of publicly planned investments from SinoFortone are yet to materialise. A Sunday Times report noted that despite the company having publicised a number of big-money commitments, only one deal has been completed – a £2m purchase of the 16th Century Buckinghamshire pub.
and this
SinoFortone Group is a UK-registered Chinese infrastructure and investment company that made headlines in 2015 and 2016 by pledging billions of pounds to various British projects, though almost all of those ambitious deals ultimately collapsed.Here are the key details surrounding the firm's history and investments:The £10bn Scottish Memorandum: In 2016, the Scottish government signed a £10 billion memorandum of understanding with SinoFortone and China Railway No. 3 Engineering Group (CR3) to develop infrastructure, but the deal quickly faced political backlash and was subsequently scrapped.The "Cameron & Xi" Pub: SinoFortone made its most famous purchase in 2016 by acquiring The Plough at Cadsden—the Buckinghamshire pub where former UK Prime Minister David Cameron and Chinese President Xi Jinping shared a pint of ale in 2015.Failed Megaprojects: The firm initially promised £5 billion in UK investments, including backing for the London Paramount theme park in Kent and waste-to-energy projects in Wales. Almost all of these grand pledges, including a 100-pub replica chain concept for China, never materialized.Corporate Status: The primary UK corporate entities connected to the firm, such as Sinofortone Group Ltd and Sinofortone Investment Ltd, have been dissolved or fallen inactive at the UK Companies House | | | |
| HJ on 15:06 - Jun 26 with 3219 views | ReslovenSwan1 |
| HJ on 22:20 - Jun 25 by jack_lord |
I do not agree with you on your interpretation. I know former directors and I know what I would call the most important people from the trust. The trust were shafted. |
The Trust were masters of their own destiny. They had valuable shares that buyers wanted too buy. They did not sell because at that time the club was in the Premier league. They made it very clear the shares were not for sale on 2015.
Any sensible group would have understood the club was struggling after the Shelvey sale. HJ told everyone carrying on as usual was not sustainable. The Trust ignored him and rather than selling up refused to sell and suggested they would not accept solution.
This to the other board members who took massive risk investing must have had kittens.. Silverstein came over for a few months and figured out a plan. We have yet to see how it pans out . | |
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| HJ on 15:59 - Jun 26 with 3190 views | RodgerTheDodger |
| HJ on 14:00 - Jun 26 by shaggyrogers |
That is incorrect. The ' chinese consortium' never made an offer and in fact after they appeared in Swansea to meet the council he was never invited again. The reason being that it was found out that the guy was running around the Uk doing deals that he could never actually afford including duping the scottish government. I think he ended up disappearing altogether and so did his company sinofortone
This is from a newspaper at the time
A newspaper investigation has highlighted how a number of publicly planned investments from SinoFortone are yet to materialise. A Sunday Times report noted that despite the company having publicised a number of big-money commitments, only one deal has been completed – a £2m purchase of the 16th Century Buckinghamshire pub.
and this
SinoFortone Group is a UK-registered Chinese infrastructure and investment company that made headlines in 2015 and 2016 by pledging billions of pounds to various British projects, though almost all of those ambitious deals ultimately collapsed.Here are the key details surrounding the firm's history and investments:The £10bn Scottish Memorandum: In 2016, the Scottish government signed a £10 billion memorandum of understanding with SinoFortone and China Railway No. 3 Engineering Group (CR3) to develop infrastructure, but the deal quickly faced political backlash and was subsequently scrapped.The "Cameron & Xi" Pub: SinoFortone made its most famous purchase in 2016 by acquiring The Plough at Cadsden—the Buckinghamshire pub where former UK Prime Minister David Cameron and Chinese President Xi Jinping shared a pint of ale in 2015.Failed Megaprojects: The firm initially promised £5 billion in UK investments, including backing for the London Paramount theme park in Kent and waste-to-energy projects in Wales. Almost all of these grand pledges, including a 100-pub replica chain concept for China, never materialized.Corporate Status: The primary UK corporate entities connected to the firm, such as Sinofortone Group Ltd and Sinofortone Investment Ltd, have been dissolved or fallen inactive at the UK Companies House |
Excellent post. I do like reading informative posts from people who know they are talking about. | | | |
| HJ on 16:01 - Jun 26 with 3188 views | RodgerTheDodger |
| HJ on 13:09 - Jun 26 by jack_lord |
A Chinese consortium attempted to buy Swansea City in 2016, but the owners ultimately rejected their bid in favor of an American investment group. The trust were in favour of this offer |
OK, but I was talking about the 2002 buy out. Mea culpa. | | | |
| HJ on 21:39 - Jun 26 with 3082 views | max936 |
| HJ on 07:32 - Jun 26 by RodgerTheDodger |
A fair question and a straight answer. I didn't like it. As I didn't want negative thoughts about the club I just forgot about it. It seemed a bit plastic (not in the plastic fan sense) and when I realized Kenny Jackett was ignored I lost interest.
It was a PR exercise, certainly, but I thought aimed at bolting the town to the club and furthering the 'our club' ambience that fitted with the then style of management. Selling the club came down to numbers more than anything else. Everything a company does is to do with risk, profit and inertia. They successfully disguised the risk (buyer beware), the profit was good and potential very great, and the style of management had made the business low inertia.
It helped to add to a sense of a solid base, but the sale was all about the numbers. There's no romance in company management, but there is a lot of fear and with good reason. |
I'm talking about the supporters like Richard Lillicrap who did so much a leading light in fact to bring an end to that Petty era, not once did his name get mentioned and the other's who worked tirelessly to bring an end as well.
Here it is for those, who failed to appreciate what the man did, it was shocking in fairness and to this day he still hasn't had the recognition he deserved, I never knew him or met him, but I still appreciate what did which undoubtedly massively helped to dig the groundwork for the Swans we see today.
These didn't load last night for some reason, just noticed
https://www.libdemvoice.org/fo
https://thefsa.org.uk/news/ric
RIP: Richard [Post edited 27 Jun 9:42]
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| HJ on 11:49 - Jun 27 with 2912 views | jack_lord |
| HJ on 21:39 - Jun 26 by max936 |
I'm talking about the supporters like Richard Lillicrap who did so much a leading light in fact to bring an end to that Petty era, not once did his name get mentioned and the other's who worked tirelessly to bring an end as well.
Here it is for those, who failed to appreciate what the man did, it was shocking in fairness and to this day he still hasn't had the recognition he deserved, I never knew him or met him, but I still appreciate what did which undoubtedly massively helped to dig the groundwork for the Swans we see today.
These didn't load last night for some reason, just noticed
https://www.libdemvoice.org/fo
https://thefsa.org.uk/news/ric
RIP: Richard [Post edited 27 Jun 9:42]
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Steve, I was fortunate to meet Richard. now if ever there was a guy you would want to fight the Swansea corner it was him.
Anyone who slags off the trust should have met him. | |
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| HJ on 12:01 - Jun 27 with 2900 views | Whiterockin |
| HJ on 11:49 - Jun 27 by jack_lord |
Steve, I was fortunate to meet Richard. now if ever there was a guy you would want to fight the Swansea corner it was him.
Anyone who slags off the trust should have met him. |
Just a thought for anyone who slags off the trust, man up and do it in person. If you have the balls. Face to face at the pod next season would be the best because you would get face to face interaction.
https://www.swanstrust.co.uk/c | | | |
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