HUW JENKINS MUST GO

In a Tesco bag!!

 

That all confirms Jenkins total incompetence, wages way out of control, and so were his obvious transfer dealings, which we have all commented on over the last 3 seasons, surprised the Yanks took so long to fire him to be honest........................

 

The twat can't help himself

I notice he didn't mention the denial of a shareholder agreement or the fact that he and the other sellers have remained stum when requested to attend mediation

https://www.bbc.co.uk/sport/footbal...qhiijaI2tRUCG9DJwyoUnqcjOuaP3yxvWwbahNz0AJJ6c

 

The guy is deluded, and a compulsive liar, talk about fairy tales, he can half spin them.......................

 

Must have had lessons from Alistair Campbell.

 

Millionaire.
Declared bankrupt millionaire.
Mmmmmmm

 

Huw Jenkins: Ex-Swans chairman hopes they unite and thrive by Gareth Vincent, BBC Sport Wales
Huw Jenkins hopes his decision to stand down as chairman will see a united Swansea City move forward under manager Graham Potter.

Jenkins feels Swansea's American owners and the club's Supporters' Trust must come together to focus on rebuilding after relegation from the Premier League.
He argues Swansea have not yet seen the best of Steve Kaplan and Jason Levien since they bought a controlling stake in the club in 2016.

Jenkins admits he is "not 100% happy" with the way Swansea have operated in recent times and feels running the club has been a "headache" thus far for Kaplan and Levien.

In the wake of his resignation, Jenkins spoke to BBC Sport Wales about the takeover as well as the exodus of players following Swansea's return to the Championship.He has defended Swansea's transfer business during his 17-year stint as chairman, but acknowledged there have been some failures in recent times.Jenkins says Swansea never recovered from the loss of three players in the summer of 2017, and revealed that he was against the decision to sack Michael Laudrup in 2014.

He also explains how he took a huge pay cut - and was prepared to work for nothing - after relegation from the top flight saw Swansea's income plummet.

"The biggest feeling I have now is that I want to see the club calm, stable and settled again," he said. "I hope my decision (to resign) helps everybody else find a solution for the good of the club because that's the most important thing."The way the club is running is a way I am not 100% happy with. It's out of my control now and I have to accept that.

"The other side is the atmosphere around the club because we sold, because of relegation - all those things build up. Putting that together with the change in my role and how much I can influence things led to my decision."I would like to think that very quickly the differences that exist off the field can be put right and I hope that acts as the catalyst to bring the club more success."

Glorious spell
Swansea enjoyed a glorious spell during Jenkins' time as chairman, climbing from the bottom of the Football League to the top flight, where they stayed for seven years, and winning a first major trophy. But Jenkins, along with the club's former board of directors, have faced criticism over the decision to sell to Kaplan and Levien. Swansea's shareholders at the time - the Supporters' Trust aside - made millions from the takeover, but Jenkins has insisted individual financial gain was not the key to the deal. "That wasn't the driving force," he said. "There was a balance there of selling shares and making sure whoever came in took over full financial responsibility for the club because we felt that was important.

. "At one point we went up to a £13 million overdraft and that scared a lot of the old shareholders; that the reality of dropping out of the Premier League would be difficult to cope with."We needed a shareholder or shareholders taking financial responsibility for the club. That's how we felt and everybody knew that."

The Supporters' Trust owns 21.1% of Swansea and have argued they were kept out of takeover negotiations. When that was put to him, Jenkins said: "There was a view because of previous interest in the club from another American consortium that until there was a deal worth considering, there was no deal at all."Until there was a potential deal on the table there was nothing for the rest of the shareholders to consider. All we did was bring a deal to the table.

"There were four months then to finalise any deal between all shareholders. "The deal was introduced, as has been widely reported, in March 2016. All shareholders were given the draft sale document within 48 hours of each other. That was the first document any shareholder had seen."Anything could have happened between those dates to include or not include the trust going forward."

Jenkins says he has continually urged the Supporters' Trust to maintain "a big shareholding" in Swansea and to make sure there is no dilution of shares. And he hopes his exit will see the Supporters' Trust and Swansea's owners find some common ground."What Jason and Steve have done at DC United, with the new stadium and the rebranding and how that has grown, shows they have got the resources and knowhow to do what they need to do," Jenkins added.

"I think the difficulties from day one for them here - the ongoing feud with the Supporters' Trust - haven't helped."If those differences had been nipped in the bud it would have certainly helped the club. I don't know who's to blame for that. "There were meetings to try to find a new shareholders' agreement between the trust and the club and also to solve the share issue. Those things have been going on for two years. "The sooner that is put to bed, the better for everybody's sake.

"They (Kaplan and Levien) are very experienced, strong businessmen, but from day one there's no doubt Swansea City has been a headache for them.
"Have we seen the best of them? No, I would say. I think they have a lot to offer, but the current situation of upheaval has not helped."

After four successful years in the Premier League, Swansea's first relegation scare came in 2015-16, shortly before the change of ownership.

"The difficulty has been from the takeover onwards that it's been tough on the field," Jenkins said.Swansea avoided relegation in 2016-17 thanks to a late-season surge in form but, having sold Gylfi Sigurdsson, Fernando Llorente and Jack Cork that summer, they went down 12 months later. "Losing Gylfi, Llorente and Jack was too much for us," Jenkins added.

"They were more than just players, they provided belief within the squad. They made a difference. "We'd had players previously like [Wilfried] Bony and Michu who also made a difference."But when we lost those three in that summer, they were very difficult to replace."The likes of Tammy Abraham, Roque Mesa, Renato Sanches and the returning Bony came into the club at that stage, but were among a number of signings in the last few seasons who struggled to impress.
Jenkins acknowledges that recruitment has been an issue in recent years, adding: "I will accept that. But behind every decision there's a reason.

"The biggest strength over the years has been working with managers, going right back to Brian Flynn, Kenny Jackett, Roberto Martinez, Brendan Rodgers and Michael Laudrup. "We brought in players who were pivotal to our success. "A big turning point was losing Michael. We never really recovered from that.
"That was a shared decision, a really difficult decision. All our shareholders, and I'll emphasise all, were pushing to get rid of Michael Laudrup.
"That didn't sit comfortably with me, but it's something I went along with at the time."

Nevertheless, Jenkins says Laudrup's successor, Garry Monk, "surpassed all expectations" when he delivered Swansea's best Premier League finish in 2014-15.
"To me that was the best Swansea team we've ever had on the pitch, the team we had at Manchester United on the opening day of that season," he said.

£200m on Premier League transfers
Jenkins has previously admitted the decision to stick with Francesco Guidolin rather than reappointing Rodgers in 2016 is one he regrets. But where transfers are concerned, he is happy with the work done during his period at the helm."I think I am right in saying we spent about £200m on transfers while we were in the Premier League and probably recouped about £250 million," he said."We have probably got another £20-30 million in players who are out on loan, then we have the current squad.

"The squad that played last Saturday was put together for £5 million, but in my view they must be valued at £60 million now, so there have been a lot of good things done in our recruitment."The last two transfer windows have seen Swansea offload 19 senior players while just a handful have moved in the opposite direction.

"Premier League relegation means a 50% or 60% drop in income," Jenkins added. "Given the contracts of Premier League players, a club like Swansea City is left with no alternative but to reduce the playing wage bill as quickly as you can. "That's what's happened in the last two windows. Players need to leave to balance the books. There's no other explanation. "The quicker you go through the pain of that, the quicker you can regroup and hopefully Graham can make the club successful again."I am confident the choice to bring Graham in was a good one. "If he is given time and the fans support him as they have, I'm sure he will bring the club success."

As well as offloading numerous players, Swansea have trimmed expenditure off the field in a bid to cope with the price of relegation.

'Decisions not mine to take'

And Jenkins says he offered to work on a voluntary basis to reduce the club's outgoings. "I had a 70% pay cut after relegation and for the last year, the majority of expenses working for the club I've paid myself," he said. "I also made an offer in July last year to work for nothing if we made more cutbacks. I was prepared to put a team of staff together to try to get us back on an even keel as fast as we could. "I felt things needed to be done instantly. I felt we could start at the top where the salaries are higher and work down, stripping the club back to the bone and running it in a similar way to what we used to do.

"That didn't happen because the decisions weren't mine to take."

 

The big problem we have is Levien, He was and still is a bad smell with the NBA, this guy is bad news, he wheels & deals (poorly) in the American sports world, but it's nothing like the uk and he has full control of our club, well done Jinx you nugget............................

 

Well, he may have resigned as Chairman, but he’s still listed as ‘Active’ (ie a current director) in Companies House!

 

Today's View from the Boardroom

CHIEF OPERATING OFFICER CHRIS PEARLMAN BRINGS FANS UP TO DATE ON EVENTS AND PROGRESS OFF THE PITCH AT SWANSEA CITY IN TODAY'S EDITION OF JACK MAGAZINE.
Good afternoon everyone and welcome back to the Liberty. A warm welcome also to the directors, players and supporters from Millwall.

It goes without saying that it has been a very eventful past week-and-a-half at the club since our last match at the Liberty.

Huw Jenkins’ resignation from Swansea City marked the end of an era. The club, our supporters and the community owe Huw a significant debt of gratitude for his contributions over the past 17 years.

He oversaw a storybook rise from the bottom of the Football League to seven years in the Premier League, Europe and a League Cup trophy in 2013.

His work in driving the development of our Academy and building a world-class first-team training facility at Fairwood has provided Swansea City with an important infrastructure that will help enable us to more effectively compete at the highest levels of the sport.

On a personal note, since my arrival in Swansea, Huw has been nothing but kind and welcoming to me and my family, and I will always appreciate that.

The club has embarked on a search for a new person to lead our football operations. We will be working closely with the Supporters’ Trust throughout the selection process and will be certain to get input from all major stakeholders as we make this important appointment.

We will provide updates on this front in due course.
Much has been made about the activity surrounding the transfer deadline last week. At the end of window, we sent three first-team players out on loan who had not featured regularly for Graham in the first half of the season.

While we think highly of Wilfried Bony, Tom Carroll and Jefferson Montero, it was our belief that these particular moves would have the least impact on our team for the second half of the season as we remain in the hunt for a potential play-off position, while allowing the club to recognise some financial relief.

We have spoken publicly on a few occasions since relegation about the club’s current financial position. Simply stated, our current contractual commitments are higher than our expected income.

Relegation has seen our annual income this season drop by approximately £60 million. That is inclusive of the parachute payments we received from the Premier League. Our transfer activity this past summer enabled us to address approximately half of this deficit.

On top of the decrease in income, the club still owes some transfer fee payment instalments on players we have bought over the past few years.

Furthermore, our financial position across all transfer windows in the past few years has shown a net loss.

Fans have every right to be critical about some of the transfer decisions that have added to our financial challenges.

We are hopeful and optimistic that a new head of football operations at the club – coupled with a more structured recruiting strategy and process – will enable us to avoid the mistakes of the past.

Next season, if we are still in the Championship, our parachute payments will go down by approximately £8 million in relation to this season’s allocation. If we are not promoted after next year, the payments decrease by approximately a further £19 million in the following season.

The above factors – when coupled with the financial obligations we have as part of multi-year player contracts – obviously makes for some difficult decisions. More work needs to be done to maintain the club on sound financial footing.

I recognise that some supporters are unhappy because of a perceived ‘lack of ambition’ by the club ownership.
However, Jason and Steve have vowed to operate Swansea City in a financially sustainable manner. We need to live within our means.

They do not want to burden the club with significant debt. While they have stepped in on a few occasions to loan the club money by accelerating some transfer payments in instances where banks would not, they are not going to allow the club to spend or borrow money where there is an uncertainty – based upon projected income – that we will be unable to pay or repay it.

British football is full of examples of clubs going into administration, or on the brink of it, and those fans who have supported the club for many years will remember Swansea City coming close to extinction themselves in the past.

This is a road we do not want to travel again.

A potentially viable option, if needed, to address a financial shortfall would be an injection of money into the club in the form of equity. That is something which may be considered, however it is not without some hurdles.

When the club was relegated, we said this was a time to press the reset button and get back to what made the club successful a number of years ago.

That process would involve a big overhaul of our playing squad. We also wanted to rediscover our identity and style of football. Graham Potter was hired with those objectives in mind. His track record of developing talent and working within a more limited budget, which we knew was a reality of relegation, made him a terrific candidate.

I think most supporters would agree he has delivered against those objectives thus far.

There was never an expectation that this transition would happen overnight. Moving away from some burdensome contracts while building around a core group of young talent takes time. Having said that, we already have a great foundation in place and have shown we can compete and succeed against any team in the league.

Finally, it would be remiss of me if I did not mention the activity surrounding Daniel James leading up to the transfer deadline as, for some, it seemed to belie our stated objectives.

The club did not want to see Daniel go and would only have reluctantly completed the deal - which was influenced by a number of contributing factors - if it was on terms that made sense for us and allowed us to accelerate the restructuring needed to put the club back on a sound financial footing for the future.

Ultimately, the structure of the deal was not in our interests.

We are thrilled that Daniel is still with us and are confident he will continue right where he left off. I am equally sure that the Jack Army will show him their vocal support.

The fact that our captain, Leroy Fer, will also be with us is a massive boost and gives us the best chance of success for the run-in.

Enjoy the match.

 

Fork tongue

 

Hi Matt - I would partly agree with what he said: the club does need to cut its cloth financially so to speak. Chris mentions ongoing obligations re past player purchases, yet doesn’t mention future inflows from player sales - or is that because they’ve mortgaged them all already?

 

Morning Taff. yes I agree the basics of what he says is true but it's the detail which is not being disclosed such as we're still owed quite a few millions on the sales of Mawson and Siggy or why they seem happy for us to go with what we've got hoping to have a go at getting back up, and that is the only way the yanks will ever break even would be our promotion .I note Pearlman's comment of " Next season, if we are still in the Championship, our parachute payments will go down by approximately £8 million in relation to this season’s allocation. If we are not promoted after next year, the payments decrease by approximately a further £19 million in the following season" So despite of reassurances from the yanks that they have the resources it would appear that they're not prepared to speculate or invest in the squad (which is their prerogative) but a few additions in the summer would have given us a better chance of promotion and made us more attractive as saleable asset

 

So the Vice-Chairman wasn’t up to writing the programme notes?

 

anyone going on the protest march?

 

I just drove past it on my home, a couple of hundred ? .

 

dunno was watching a live feed on facebook

 

is the castle square near mcdonalds?? I recognise the area from my weekend trip last year?

 

That's it musty.

 

I best get my ass back over there next year when I see the fixture list to get the max games from a 2 week stay