Attend the trust meeting on Friday at the liberty and you will get all the info you will need valley.. doors open 6:15pm for a 6:30pm start..
This is the Daily Mail's take on it.... http://www.dailymail.co.uk/sport/fo...tml?ITO=1490&ns_mchannel=rss&ns_campaign=1490
Exciting times ahead i hope. As it stands all this means is the present board members excluding the trust are selling part or all of their shares for a deservedly healthy profit that means the Americans will hold 30% which will be the lions share. No money is actually going into the clubs coffers as such but could do if the Americans agree to do so subject to agreeing to for what it's wanted for.....One thing is for certain these guys are no mugs and wont have come here (if they do) to make a loss. This is exciting times for swansea city and a new era on what we are able to do....
Dai - this is why I think the remaining PL matches are extremely important for Garry Monk. If we finish with 45 points or less, then I think the Yanks may insist on appointing an experienced Manager. With the "riches" on offer in the PL, they will not want to risk flirting with relegation......
not a chance of that. its just a few on here that are against monk with the rest of the world agreeing what a good job he is doing at the club..there is no worries on that score trust me i know....
Dai - I suspect that if the current Board of Directors remain in situ, then you would be correct. However, the Yanks may, and I repeat MAY take a different view. Unless of course there would be a specific clause re Monk's position in the Sale & Purchase Agreement - but, I would be extremely surprised if the Yanks would allow themselves to be "hamstrung" by such a clause.
The £90 million from TV is a drop in the ocean when you consider the potential ,cost of running a Premier League Club. It is not just the first team players wages and transfer fees but the wages of all the reserves, the management, the training staff, the background staff, the running costs of the academy and if we buy the stadium the running costs or this and it's development. What has to be asked of the fans is do we want to grow as a club and compete at the highest level. If the answer is yes then of course we need further investment. Remember it is not just the "big" clubs having foreign investment but those further down the feeding chain that we have to compete with directly. Are those not prepared for investment prepared to slip back down the leagues? The only question to be asked as far as I'm concerned is are the Americans the right people and can they be trusted.
First stage for the Americans is to consolidate their position through the private purchase of shares from all willing to sell. No money will come to our club initially but will go directly to selling share holders. Our board are aware that we are at a critical point in our History and Future. They want the best for our club but our wants don't necessarily equate to American desires. We realise decisions made now will have an impacting effect on our future and may well transform us from a small, stand alone, Community based, Family football club into just another asset in a portfolio of global assets and financial dealings of a foreign banker. We are at a pivotal stage in time and we are fast approaching the critical first stage where we can read the intent of the Americans by seeing how much influence they are prepared to buy. The more shares they purchase the more influence will have and the louder their voice in defining our clubs future. My worry is this, decisions made regarding assets in a global portfolio are often dependent on the exploits and performance of other assets within the same portfolio so, decisions WILL be made which WILL affect us but the reasoning behind them may have nothing to do with us at all. We may well end up suffering the financial consequences of another asset if, for example, there was a poor wheat crop in Oregon. One asset finances the next and so on. In a portfolio 'new money' is rarely injected, unless for purchase and acquisition, as the portfolios is considered self pollinating and self sustainable; it makes its own money. When it comes to it, imo, there will be an unbridgeable chasm of mistrust between the trust and the Americans even though both philosophies are etched on the silver dollar. Both, on the surface, desire the same things; to develop, to grow, to make money, to be successful but desire need to justify philosophies, Capitalism vs Community, Plutocrat Vs Anthropologist, Heads vs Tails, the chasm is just too big imo and something will have to give and here is the battle that will frighten and entertain us next season, if all goes ahead as suspected. The trust will always want to maintain our clubs ethos and maintain our clubs interest as being community based while the Americans will regularly change and adapt their interests dependent on the days financial weather forecast. So again, poles apart. My biggest fear is that we are hearing the first howls of a distant pack fast approaching. Our sweet scent is detected and the Wolves are on their way to devour us. I hear a takeover coming
I know most or all will say this is necessary, but I just can't get my head around how it is good for the club. If I am honest it scares me what will or could happen to our club. I just don't get the benefits of letting outsiders take a bit of our club just so we can then borrow money of them. Lets hope progress doesn't mean us losing our club.
I'd much prefer them to give us the £30 million to buy the stadium and they get the naming rights to the stadium for the next 10 years or so. What I find concerning is that we haven't heard a word from these Americans about their aims and vision for the club. If some shareholders wanted to sell some of their stock, wouldn't it have been better to offer the trust an opportunity to increase it's stake in the club?
Obviously the people making this arrangement, know a lot more financially than I or most of us do and have the club at heart (we hope). But there is something that just doesn't sit right with me and that worries me. I am also with you Valley in why haven't we heard from the Americans or will that be after they have their shares or never, as they have no interest in us other than making a bit of profit.
only from what I have read - No money will be given but preferential loan rates will apply HJ has talked about tapping in to their areas of expertise and contacts Moores, according to a couple in web searches appears to be genuine. Words like entrepreneur are accompanied by philanthropist and sports fan. Had to take his stake out of the San Diego Padres baseball team when he divorced and wife got a good lawyer! Most of it is on the Wiki pages if anyone is interested, He seems to be a fan of sport but to what extent he was hands on has been hard to find and as it would be his first venture outside the US no one can be sure if he expects to import the 'culture' of US economics and employer / employee. As a fairly unknown entity he comes across as honest and trustworthy (i.e. Not an Uncle Sam or even a Sam in a Hat!)
Bob I am not suggesting from my earlier post that they aren't trustworthy, just thinking out loud. Somebody I am sure will tell us the benefits. The one thing I don't really understand is why do we have to sell a big bit of our club just to get a loan? Isnt there another organisation out there who will give us loans at good rates or are we not that a good prospect to get them. As I have said earlier I am sure everything will be fine it is just a little worrying.
