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Jenkins resigned?

Discussion in 'Swansea City' started by 55282, Feb 2, 2019.

  1. DragonPhilljack

    DragonPhilljack Well-Known Member

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    #121
  2. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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    It may explain why he’s pedalling the line that the squad that played at Ashton Gate had a purchase cost of £5m but is worth £60m....

    Is he trying to suggest to potential buyers that there is significant ‘off-balance sheet’ value?
     
    #122
  3. DragonPhilljack

    DragonPhilljack Well-Known Member

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    His revolt against the Yanks, I always knew was a strategic move with political overtones to get the club back, and this story in the Sun would not surprise me at all, it's obvious he is best placed to negotiate a real investment group for a takeover, I bet he had the group lined up before jumping ship, you will not get rid of bignose so easily......................<ok>
     
    #123
  4. Stumpy

    Stumpy Well-Known Member

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    Do the Strippers have a sweet tooth?

    Will they go for Jenkins' Turkish Delight?

    Will Rossi's start selling halal rissoles?

    Will the shop sell Shemaghs with a Swans logo?

    Find out next week on



    Never a dull moment supporting the Swans is there?. One week they're a football club the next, a soap opera.

    Getting rid of the strippers can't be bad BUT, BUT, BUT, if Jenkins thinks he can return as the great redeemer then he'll have to re-pay the 30 pieces of silver he took for facilitating our crucifixion just for starters.

    Thse reports have planted a seed in my brain though. What if Jenkins did return reeking of petrol and did buy the club with a consortium of Middle Eastern business people, ready and willing to invest a sh1t load of oil soaked cash into building a squad capable of competing for promotion.

    If he did come back and turn things around then he has be up for an Oscar nomination at least, for his role in the 'The Greatest Story Ever Told II' a new film telling the story of the resurrection of a football club, not to be confused with that 60's one starring John Wayne, about some bloke called Jesus.
     
    #124
    Last edited: Feb 10, 2019
  5. Matthew Bound Still Lurks

    Matthew Bound Still Lurks Well-Known Member

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    The difference being, even as an atheist I would believe more in Jesus's resurrection than I ever could in Jenkins
     
    #125
  6. Mono

    Mono Well-Known Member

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  7. Matthew Bound Still Lurks

    Matthew Bound Still Lurks Well-Known Member

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    #127
    PGFWhite and 55282 like this.
  8. Matthew Bound Still Lurks

    Matthew Bound Still Lurks Well-Known Member

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    From the Trust website ,

    Trust Response to Press Article
    February 13, 2019
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    The Supporters’ Trust notes with interest, surprise and anger the press release from IPS Law, the legal representative of at least some of the former shareholders of Swansea City Football Club, and the subsequent article in the Mail Online, both of which are factually incorrect and wrongly blame the Trust for lack of progress towards a mediated settlement in relation to the sale of our football club in 2016. We note with surprise that the Mail Online did not seek any comment from the Trust before publishing its article. Legal advice is being taken.
    As members will be aware from several previous Trust statements (some still publicly available on the Trust website), the Trust first proposed mediation as long ago as 18th May 2018 in its Claim Letter sent to the Club’s American owners and Huw Jenkins and other selling shareholders. This was sent in order to comply with the High Court’s Practice Direction, which sets out what parties in dispute should do prior to issuing court proceedings. It lays down a maximum timeline of three months within which the defendant parties should provide a full written response to the claim. Whilst the owners eventually provided a belated response, nine months later the Trust was still waiting for one from the Huw Jenkins and others represented by IPS Law. Finally, last Friday Chris Farnell of IPS Law informed our legal representatives that he had been instructed not to provide a detailed response to the claim letter, demonstrating that his clients had no intention of complying with the Practice Direction – and opening themselves to costs sanctions from the court if or when proceedings have to be issued against them.
    IPS Law claims that their clients are willing to mediate, but that is at odds with their refusal to address the legal issues set out in the claim letter. Mediation cannot sensibly take place without that response/defence and the Trust cannot commit to wasting the funds of our members whilst the selling shareholders concerned refuse to properly engage in the pre-action process.
    The Trust must also respond to the patently untrue accusation that we have twice backed out of a mediation. As our members will be aware, the first proposed mediation towards the end of last year was cancelled due to the late decision of Jason Levien not to attend. It should also be noted that it became clear in the last week that neither of the managing partners of the majority shareholders, Steve Kaplan or Jason Levien, were planning to attend the proposed February mediation dates either, in spite of the Trust having made it clear that the attendance of one of them was vital if the Trust was to commit to spending thousands of pounds on a mediation. Although alternative attendees were suggested, a mediation is much less likely to be productive while the managing partners of the club’s owners are not prepared to fully engage.
    It was again the Trust which took the initiative and proposed mediation this year, by letter from its lawyers on 16 January. This specified that Huw Jenkins and the other selling shareholders represented by IPS Law should deliver their response/defence letter by 31 January. As noted already, last Friday, though IPS Law, they refused to do so and in so doing rejected the Trust’s proposal for a mediation. That, coupled with the refusal of Messrs Levien and Kaplan to attend, is the reason that a mediation has not gone ahead. The published allegation that the Trust unilaterally withdrew at the last minute is simply untrue.
    The Trust notes that while we remain in dispute with the club’s majority shareholders on various issues, they have at least shown some level of willingness to engage with the Trust. It is disappointing and notable that the selling shareholders concerned, self-proclaimed fans and former custodians of the club, have shown significantly less willingness to engage in the pre-action process.
    We also note that the first move of those selling shareholders after the breakdown in discussions was to get their legal representative to rush out and speak to the press, which hardly seems in the best interests of the Football Club from which Huw Jenkins has recently resigned as chairman. It is astonishing that they accuse the Trust of trying to damage the club when we look at the current league position in comparison to 2016.
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    Whilst the Trust remains willing to engage in mediation, that is entirely dependent on all other parties taking the process seriously. We note the willingness of the selling shareholders concerned, through their legal representatives, to play this out in the court of public opinion rather than through the legal process. We can only conclude that this, along with their reluctance to even put forward a defence to our claim as is required by the courts’ practice direction, can only be due to the fact they know they have no defence. On the issue of costs consequences to the Trust or the impact on our legal position, our legal advisors are fully confident that the record will show it is the Trust that has made every effort to ensure that the mediation process is followed and succeeds, and we have often gone above and beyond to give this process a chance of success.
    In terms of next steps, our members will know the Trust is planning a consultation with members next month where our membership would have the chance to vote on the various options available to the Trust. One of these options would be whether to proceed with legal action in relation to the 2016 sale of our football club.
    The Trust has extended the offer to the legal representatives of the majority owners to continue discussions between the two parties with a view to seeking a settlement, which we would then present to our members as an option during the consultation. We hope this offer is taken up. In the meantime, the Trust’s legal team will be considering our options regarding pursuing claims against IPS Law’s clients separately.
    Swansea City Supporters Trust
     
    #128
  9. PGFWhite

    PGFWhite Well-Known Member

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    #129
  10. swanseaandproud

    swanseaandproud Well-Known Member

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    Those who said I was wrong and an embarrassment <laugh> Thank you Jinx for proving everything i have been saying has been spot on..<ok> Unfortunately we have some on here that cant accept they are wrong and i was right.....<laugh> Get ready for the excuses to follow i have no doubt and not one acknowledgement of Sorry Dai you were right all along....Jenkins your a star putting out this statement....<laugh>
     
    #130

  11. Matthew Bound Still Lurks

    Matthew Bound Still Lurks Well-Known Member

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    Dai, back in your box please the adults are talking
     
    #131
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  12. DragonPhilljack

    DragonPhilljack Well-Known Member

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    #132
    Last edited: Feb 13, 2019
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  13. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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    Dai - with respect, there’s been a plethora of examples from various quarters on this Board which indicate quite clearly opposite and divergent comments made by yourself on a variety of topics, Jinx & the Yanks inclusive.
     
    #133
  14. neveroffsidereff

    neveroffsidereff Well-Known Member

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    Dai suffers from selective amnesia!!
     
    #134
  15. DragonPhilljack

    DragonPhilljack Well-Known Member

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  16. DragonPhilljack

    DragonPhilljack Well-Known Member

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    Anyone here think these Yanks will sell the Landore facility and Academy? Good job Fairwood training ground is linked with the University, the bungers cannot sell that........................<ok>
     
    #136
  17. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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    l’ve heard rumours that it’s for sale ....
     
    #137
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  18. PGFWhite

    PGFWhite Well-Known Member

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    We're like a used Jag. Once gleaming and proud in the showroom window, a sale saw new owners drive it to London after filling it with 2 star petrol and failing to service it regularly. On the return journey it broke down and had to be towed back to Landore.

    No longer fit for purpose, it's wheels were sold and it stands on bricks in a lay by opposite Rossis.

    Worth more sold as individual parts rather than whole, Pic Up Spares are interested...……….
     
    #138
    Last edited: Feb 14, 2019
  19. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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    Phil - as I said, it’s a rumour. I’ve personally not heard it from a reliable source ... yet
     
    #139
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  20. PGFWhite

    PGFWhite Well-Known Member

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    You can call me most things Taff, but "Phil" is below the belt...………….<laugh>
     
    #140

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