You just said "all i can see is the owners wanting to do well and not taking a penny for themselves....".. So what have they got to lose? Why would they buy the Cub if they didn't want to make a penny? Their love of football? Unlikely as they hardly visit the Liberty. They hardly watch the team play football. They are NOT fans of SCFC. They are mercenaries out to make money from sport. Look at their track record. it's there for all to see.I know that. You know that. It's just that you like wumming Swansea City fans.
The ultimate answer is that you don't get enough points. Why don't you get enough points? Yes, of course that's a complex question and varies from club to club. Was relegation avoidable? Impossible to tell. It could have happened with or without a takeover. But as relegation HAS happened, I was just suggesting that 'rebooting' might not be such a bad approach. I know I'm in a minority of 2.
Aswan - I don’t think it’s totally correct to say a minority of 2. Given the fact that we have been relegated, and having looked at the latest filed accounts as well as reading about the substantial reduction in revenue in The Championship (principally lower TV income) then I completely understand and accept the need to have a complete overhaul - if we’d kept all of last season’s squad and the attendant cost base, there is little doubt that the Club would have run out of cash during the course of the season.... so change - significant change - was essential. Where most posters are coming from, I believe, is A) why sell to these Yanks? What Due Diligence was undertaken? B) where is the (additional) investment into the Club? The Yanks bought the shares of individual shareholders - those purchase monies went straight into some people’s pockets. Wasn’t additional investment a key reason / expectation from the transaction? C) would we be any worse off at this stage if the club was still owned by Morgan, Huw, Davies, Katzen etc? So, given relegation, I’m with you as well - and I suspect others are. As an aside, I bumped into someone yesterday who said he was now again enjoying watching his football and hopes that we stay where we are for a few seasons!
What do fans want. Do they want to see the boring football with the same high earners that would have a good game 2 or 3 times a season and be in the relegation dogfight season after season, Or like most of us in all the clubs forums saying we need a clear out and another Manager.....And dont forget we did not know what the clubs intentions were at the time......As it turned out the club after deliberating after our relegation had much the same idea and after reading and hearing what they plan to do i changed my mind and opinion of them, I wanted to keep Fab and the Ayew brothers and said we were mad to let them leave the club but after listening where they were coming from then i began to like what they are doing and now i'm 100% fully behind them.....It makes perfect sense to me and it looks like fans are coming around to the idea....
Got a big day today, I'm having 3 of my properties renovated and i have got to interview 4 builders this morning for the contract.....one house is empty but two are occupied and i have had to find them temporary accommodation until the work is done.......It is going to cost me a fortune...
It was more my attitude towards the Americans in general where I'm in a minority of two. It's less hostile than the vast majority. But my personal profile is 'sentinel', I'll defend anyone. A shortcoming perhaps...
If I may, the answer to what went wrong is that the Swansea Way can only get a team so far, especially in the Premiership. There, to survive even, money needs to be spent fairly regularly and the size of the club does not generate that money...or enough, anyway. HJ took you so far and he could see that the (then) ownership was not able (or maybe willing) to spend and/or risk via guarantee the amounts needed. Thus, new ownership was needed that would take the risks to go further and add value. I think the old owners took the option that suited them personally the best. Maybe the new owners were sold a pup and they are now trying to make the best of it, but they didn't put any money in. However, they claim they advanced money to make things happen....presumably to facilitate transfers. And their way out is to grow the club to above mid-Prem and then sell. But it fell apart because clubs need to be permanently upping the squad in the Prem and you didn't. But even this was hard for Swansea because the club has a structure that needs transfer profits to mitigate operational weakness (I won't say losses because Taff already points out that there have bene few loss-making years.....but on the other hand, no major operational profit years either). So, you need a magician who can make regular transfer profits and keep the squad quality up. You haven't had a manager like that since....who?
All that above sounds like an apology for HJ. It's not......he was lucky for a time of his tenure and then he sold out.
IMO relegation was certainly avoidable and it happened because HJ's luck ran out in the transfer market and because he wasn't up to the job. And rather than put the club and the fans first he spent a few years running it down to make it look a better investment for selling out. As to rebooting, yes it's inevitable when you're relegated but the vultures aren't doing it with the club's best interest at heart and that's what bugs me. If we do get back to the Prem (massive if) I still don't think it'll benefit the fans long term as there's no possible way the vultures are capable of making SCFC a "big" enough club to sell off for a massive profit. They'll be back to selling any silverware they happen across and the fans will be enduring a relentless season on season relegation fight until the inevitable happens once more.
I suspect that if we ever return to the PL, then the Yanks will have the Sales Prospectus ready and circulating in the Middle & Far East ASAP..... They wouldn’t risk destroying value again through another relegation
But selling the silverware does nothing for them unless they can make profits and pay dividends....and even that will not get them their money back. Building the club to be worth more than 100 million is the only way.
Seems that the Club is borrowing from Barclays and pledging this season’s parachute payment & (the first instalment of?) next season’s parachute payment as the guarantee for repayment of the loan ..... https://beta.companieshouse.gov.uk/company/00123414/filing-history
and there me thinking the ****s had the financial support to carry us through any monetary shortfall, just how much is the loan ?
This is all a bit above my head guys, but are we saying they have borrowed money this year against next years parachute payment. If that is the case where is the so called investment that these ****ers were going to put into the club.
