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Swans for sale!!..

Discussion in 'Swansea City' started by 55282, Oct 13, 2019.

  1. 55282

    55282 Well-Known Member

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  2. neveroffsidereff

    neveroffsidereff Well-Known Member

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    #2
  3. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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    #3
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  4. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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    Jenkins and Morgan to the rescue? <whistle>
     
    #4
  5. nifta

    nifta Active Member

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    I saw this fellow in Rossi's last night

    please log in to view this image
     
    #5
  6. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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    Counting some Petty cash?
     
    #6
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  7. glamexile

    glamexile Well-Known Member

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    I understand a bid has come in from the Euro Millions winner last week <cheers>
    Screenshot_2019-10-13-15-19-37.png
     
    #7
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  8. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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    Glam, rumour is the winner lives in Maesteg <cheers>
     
    #8
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  9. glamexile

    glamexile Well-Known Member

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    Yes I heard that rumour Taff
     
    #9
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  10. daimungeezer

    daimungeezer Well-Known Member

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    What are the chances to get a buyer (if true) with the City's and Fans' interests at heart? Fingers crossed!
     
    #10

  11. Mono

    Mono Well-Known Member

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    It seems odd timing that now the team is doing OK in the league and the fans are not constantly on their back that this news comes out.
     
    #11
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  12. FrankfurterBlue

    FrankfurterBlue Well-Known Member

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    38 million, rising to 53 if you get promoted. That's a big loss on their original investment of 60? And that's assuming they are selling their bit only. good for you guys if it's a genuine fan but they've taken a bath on this unless they got a real hump of management charges in. Taff would have a good fix on that, I reckon.
    if it's the Euromillions winner, then he'd be chucking in one thiord or so of his win but would need to chuck a bit more in to keep the cash steady or to push for the tops with some invesgtment.
     
    #12
  13. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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    Hi Frankfurter - they really will be underwater on their investment as the Chief Investment Officer of the Pension Investment Fund I used to Chair would say!

    My understanding is that they bought 68% (of the share capital, but with 75% of the voting rights) based on a total valuation of £110m.

    As such, they paid c£75m - but that was when the $:£ rate was $1.50. So they paid c$112.5m.

    £38m at today’s rate is c$48m......

    The moral of the tale is only invest in things that you know or understand.......
     
    #13
  14. swanseaandproud

    swanseaandproud Well-Known Member

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    Euro million winner is from Reading.......i hear. Who will be mad enough to pay £38m <laugh>
     
    #14
  15. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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    There is another large fall in the parachute payment next season, so trying to find a new owner who would have to either find the shortfall or face the wrath of the fans
     
    #15
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  16. 55282

    55282 Well-Known Member

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    Crumbs!
     
    #16
  17. DragonPhilljack

    DragonPhilljack Well-Known Member

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    "The valuation has dropped since they sold Daniel James and Oli McBurnie, and sources say groups from around the globe have shown interest." This bit interests me, though it is no surprise that this is happening now, I did say pre season, that next seasons parachute payments are peanuts, so expect them to abandon ship before, and lets hope we get some serious money people in who, love the beautiful game..............<ok>
     
    #17
  18. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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    Jenkins and Morgan ......
     
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  19. daimungeezer

    daimungeezer Well-Known Member

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    Don't even joke <yikes>:emoticon-0119-puke:
     
    #19
  20. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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    I think you may well find that it isn’t a joke .....

    I was told several months ago that Morgan was looking into it..... <ok>
     
    #20

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