We won't be solvent though will we? That's the problem. We weren't solvent when the Allams came in. It's constantly chasing to make up the shortfall. Pearson left because him and his backer didn't want to take it further as it needs funds. He realized if you standstill you go backwards. Pompey have given up on a trust and got money in. So have Swansea. What is our level? Lower championship? Crowds will. Plummet.
If he can’t cut n paste it ain’t happening. Also he can make statements without being required to back them up. Just like his old hero.
Haven't we had about £400 million in TV revenue in the Allams tenure ?? You would think that every penny that has come into the club is from their own bank account or some would believe.
Even funnier is the fact that the longer it went on, the more uncomfortable it must have been, for the attendees, to post them. So kudos to OLM for being seemingly the only one with big enough bollocks to do so.
He won't do as well as Swansea's owners, bought the club for £1m and sold it for £100m. They even managed it without ****ing the club over.
So no figures then. I'd have a read of the Swansea board not exactly pleased with the ****ers . And again didn't start off with a huge debt, do you get that bit.
I'm pretty sure that the Allams will walk away with a profit in the 10s of millions rather than millions. They haven't got where they are today by accident.
That's a bit of a truth stretching Phil Sumbler addressing Swansea City Supporters Trust "We have always been very open in informing everyone that we continued to seek legal opinion on the sale and that ultimately it is not myself or Stuart, or even the wider Trust board, but the Members that would make the final decision as to how we progress. It is merely the role of the Trust board and those of us in key positions to ensure that you are presented with facts and our recommendations as to what we believe is the best way forward for us as an organisation. Over the last few months we have been engaged with a highly recommended QC, one of the foremost experts in the UK specialising in cases of unfair prejudice. It is his guidance that the Trust has a strong case for unfair prejudice, should the matter go to court. However, there are a number of things to note at this time. If the Trust is successful in winning such a court action, the remedy would most likely be to compel the majority owners to buy out the Trust’s shareholding in its entirety. The clock cannot be turned back to before the sale. This could mean the Trust would have a significant amount of money in the bank for a rainy day. On the other hand, the Trust would have no stake and no say in the running of the football club. Also, there are no guarantees when it comes to court cases – they are expensive (the Trust has incurred fees of over £30,000 to date), can take months or even years to complete and are ultimately unpredictable. There would be no guarantee of victory. Our QC has also advised that legal action should only ever be a last resort after negotiations break down. This is a view the Trust board has always agreed with, as it understands the destabilising effect that legal action will have upon the Trust and the Club." Of course they never actually ****ed the club over, just the Supporters Trust.
