HUW JENKINS MUST GO

Agreed - he’s basically telling us in advance that further cuts and/or player sales are to come....

 

Fire bell is ringing!!

 

The truth about the financial performance of our club will be found in the consolidated financial statements of Swansea Football LLC. I would love to have a chat with them about why they needed to set up an incorporated company in Delaware as a parent company of the club? I'm no corporate accountant, but it's obvious to me there was no need for this whatsoever. The only reason I can see that you would do this, is, so that you are able to move money to the US and from there the finance can be appropriated as they deem fit, away from the scrutiny of the Non controlling equity holders, someone please tell me I'm fantasizing down a dark ally!.............................

 

Sorry I'm not financially astute , if you don't believe me ask the wife

 

Found this online:

Delaware advantages
For large businesses, Delaware holds many advantages—but smaller business may not find it as beneficial. Here are the highlights:

• Delaware’s business law is one of the most flexible in the country.
• The Delaware Court of Chancery focuses solely on business law and uses judges instead of juries.
• For corporations, there is no state corporate income tax for companies that are formed in Delaware but do not transact business there (but there is a franchise tax).
• Taxation requirements are often favorable to companies with complex capitalization structures and/or a large number of authorized shares of stock.
• There is no personal income tax for non-residents.
• Shareholders, directors and officers of a corporation or members or managers of an LLC don’t need to be Delaware residents.
• Stock shares owned by persons outside Delaware are not subject to Delaware taxes.

Typically the court system is not a primary factor when choosing where to form a business, but Delaware deserves a special mention. The Delaware Court of Chancery is often considered an advantageous venue for shareholder lawsuits. It hears only business cases and uses only judges, no juries. For large corporations with thousands or hundreds of thousands of shareholders, this can be a big plus.

 

'The Delaware Court of Chancery is often considered an advantageous venue for shareholder lawsuits.' That's an interesting statement Taff.......................................

 

Interesting article in The Times:

https://www.thetimes.co.uk/article/...P_WWDYonDRQnz-NoUGh8u-4GGHg4P2hAE9FQVTjGmNQTk

 

https://www.walesonline.co.uk/sport/football/truth-reports-linking-huw-jenkins-15817543

 

Evidently it's a non-story, but how would people feel about it if it were the case ? Surely it couldn't be a bigger mistake than where we are now.

 

Very good article, and some excellent comments too!!.....................

 

Link: http://www.sportingnews.com/us/nba/...ecker-dave-joerger/175qwo232205a18y33pn6ixjgo