Swansea City CVA details....

Gets posted all the time here and lots of on topic discussions get side tracked by it, so here it is in one thread where we can refer back or link to when it gets brought up.

Here is the total list of companies owed - can anyone find one that ceased trading as a result?

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Swansea City 2002 ltd stopped trading

The following are also included who voted to reject the CVA

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Also my Car finance from day's in £80 more expensive thanks to you bastards.

Gets posted all the time here and lots of on topic discussions get side tracked by it, so here it is in one thread where we can refer back or link to when it gets brought up.

Here is the total list of companies owed - can anyone find one that ceased trading as a result?

D Coaches = Diamond Coaches ???

Gets posted all the time here and lots of on topic discussions get side tracked by it, so here it is in one thread where we can refer back or link to when it gets brought up.

Here is the total list of companies owed - can anyone find one that ceased trading as a result?

D Coaches = Diamond Coaches ???

Couldnt say with any certainty that is Diamond.

But id assume they would be named in full in an official document,

Although i just googled and it came up with this

https://www.facebook.com/pages/D-coache ... 2714323916

Gets posted all the time here and lots of on topic discussions get side tracked by it, so here it is in one thread where we can refer back or link to when it gets brought up.

Here is the total list of companies owed - can anyone find one that ceased trading as a result?

D Coaches = Diamond Coaches ???

Couldnt say with any certainty that is Diamond.

But id assume they would be named in full in an official document,

It is.

They were (are?) the team coach suppliers for as long as I can remember.

And the truth shall set you free. But never let the facts get in the way of a good story.

Thought this would be the most popular thread in this forums history the amount of times it gets brought up.

Thought this would be the most popular thread in this forums history the amount of times it gets brought up.

as someone said on planet shyte the other day:

I get a certain warm glow knowing that the only thing they've got to throw at us isn't even real.

Didn't realise the LRS was still going?

Didn't realise the LRS was still going?

Its nothing but a myth and an old memory now, could ruin the bowling green in Parc Williams again though!

as someone said on planet shyte the other day:

I get a certain warm glow knowing that the only thing they've got to throw at us isn't even real.

Are you really suggesting that you didn't short change these companies at the time in question?!

as someone said on planet shyte the other day:

I get a certain warm glow knowing that the only thing they've got to throw at us isn't even real.

Are you really suggesting that you didn't short change these companies at the time in question?!

Thats not really the thing that is thrown about though. It is usually regarding local companies going under because of the CVA - when in fact most of these companies now rely on us as a major source of income DUE to the CVA and still being able to trade.

There would have been a much larger direct and indirect negative affect on local companies had we not taken the CVA and that cannot be disputed. The value of our clubs massive positive effect on the local economy cannot begin to be understated.

What this document shows is that in fact NO companies went bust because of the CVA which is the point of the thread... Apart from our own holding company that is

They is exactly what is thrown about - 5p in the £ and all that...

These companies may well be still operating, but the fact is, Swansea City as a club short changed the people and firms they owed their debt to. To suggest otherwise, is fanciful.

Of course it was the best action available to them, but the mis management of the club really didn't give them any choice but to accept.
Which is why many City fans get wound up by many Swansea fans on here going on about what a well run club you are now, undeniably. . They must have short memories though... Either that, or they simply weren't fans then.

They is exactly what is thrown about - 5p in the £ and all that...

These companies may well be still operating, but the fact is, Swansea City as a club short changed the people and firms they owed their debt to. To suggest otherwise, is fanciful.

Of course it was the best action available to them, but the mis management of the club really didn't give them any choice but to accept.
Which is why many City fans get wound up by many Swansea fans on here going on about what a well run club you are now, undeniably. . They must have short memories though... Either that, or they simply weren't fans then.

Nobody is suggesting otherwise or has ever suggested otherwise. Everybody knows what had to happen over a decade ago and you will never find anyone denying it.

However that is portrayed as a negative as if it was something to be ashamed of, almost as if we had to choose the clubs survival over paying these companies.

The fact is there was no money in the club. There was no way they were getting paid. By taking the CVA it meant those companies would continue to trade with us for the foreseeable future and the majority probably came through the recession because of the fact we are still trading as a company.

Sometimes you have to accept a loss of a few thousand to make tens of thousand profit, nature of business. The only ones that can have any real complaints are the likes of Colin Addison and Matt Bound as they will not profit from us to make up any short fall. But they certainly wouldnt qualify as "local businesses".

They is exactly what is thrown about - 5p in the £ and all that...

These companies may well be still operating, but the fact is, Swansea City as a club short changed the people and firms they owed their debt to. To suggest otherwise, is fanciful.

Of course it was the best action available to them, but the mis management of the club really didn't give them any choice but to accept.
Which is why many City fans get wound up by many Swansea fans on here going on about what a well run club you are now, undeniably. . They must have short memories though... Either that, or they simply weren't fans then.

I have never spoken to or read anything by a swans fan who believes we have always been a well run club. Quite the opposite infact hence the formation of such a strong supporters trust, however we learnt our lessons and for the past 11 or so years have been run exceptionally well.

A quick point however, if you look at the document - it isnt lavish spending and fanciful transfers that got us into debt. These were simple running costs, sometimes companies cant make money if income is so low and with our 4,000 gates, running a business at all looks challenging from the figures.

There is a major difference between that and being in £80m of debt and then going out and splashing £50m on players on ridiculous wages. The two are vastly different.

Some losses cant really be helped, others are asked for by irresponsible ownership.

A quick point however, if you look at the document - it isnt lavish spending and fanciful transfers that got us into debt. These were simple running costs, sometimes companies cant make money if income is so low and with our 4,000 gates, running a business at all looks challenging from the figures.

There is a major difference between that and being in £80m of debt and then going out and splashing £50m on players on ridiculous wages. The two are vastly different.

Some losses cant really be helped, others are asked for by irresponsible ownership.

Thought you all wanted the owner out? Why, if he was such a responsible owner?

Thought you all wanted the owner out? Why, if he was such a responsible owner?

Being irresponsible can cover many meanings, not just irresponsible spending.

Tony Petty tried to illegally sack our playing squad for a start, as well as selling our prized asset in Stuart Roberts for 100k (from memory) a sale which would have eased the burden of the debt had it been done properly.

He was clueless

Thought you all wanted the owner out? Why, if he was such a responsible owner?

Being irresponsible can cover many meanings, not just irresponsible spending.

Tony Petty tried to illegally sack our playing squad for a start

I do recall something along those lines, but don't know the in's & out's fully. I was only young and wasn't really interested to be honest - hence the question.

They is exactly what is thrown about - 5p in the £ and all that...

These companies may well be still operating, but the fact is, Swansea City as a club short changed the people and firms they owed their debt to. To suggest otherwise, is fanciful.

Of course it was the best action available to them, but the mis management of the club really didn't give them any choice but to accept.
Which is why many City fans get wound up by many Swansea fans on here going on about what a well run club you are now, undeniably. . They must have short memories though... Either that, or they simply weren't fans then.

I have never spoken to or read anything by a swans fan who believes we have always been a well run club. Quite the opposite infact hence the formation of such a strong supporters trust, however we learnt our lessons and for the past 11 or so years have been run exceptionally well.

Exactly, Swans fans only speak about being a well run club because of how things have been turned around in such a short period of time. Swans fans take pride in the lessons learned from mismanagement and the turnaround the club has performed whereas Cardiff fans continually pray for new rich owners to clean up the mess from the previous rich owner.

A quick point however, if you look at the document - it isnt lavish spending and fanciful transfers that got us into debt. These were simple running costs, sometimes companies cant make money if income is so low and with our 4,000 gates, running a business at all looks challenging from the figures.

There is a major difference between that and being in £80m of debt and then going out and splashing £50m on players on ridiculous wages. The two are vastly different.

Some losses cant really be helped, others are asked for by irresponsible ownership.

Thought you all wanted the owner out? Why, if he was such a responsible owner?

Tony Petty wasn't interested in stabilizing the club or being a responsible owner. I don't think anyone, ever, has claimed that he was anything but a money grabbing sleaze bag. He came in to strip and sell the assets. I also recall something about him wanting to sell off land supposedly owned by the club but then realised that said land wasn't owned by the club but by the counsel. The illegal sacking of the players also didn't help.

Thought you all wanted the owner out? Why, if he was such a responsible owner?

Being irresponsible can cover many meanings, not just irresponsible spending.

Tony Petty tried to illegally sack our playing squad for a start

I do recall something along those lines, but don't know the in's & out's fully. I was only young and wasn't really interested to be honest - hence the question.

He basically acquired the club for £1 and tried to close it and its assets to pay off the debt and pocket the profit.

Not sure if you saw my edit but he sold Stuart Roberts to Wycombe for next to nothing when he was one of the most sought after wingers in the lower league at the time. He was utterly clueless to his true worth and Robert's sale should have put us in good stead to service the debt and still continue as a club.

He then called in all our senior players and tried to sack them all just to see out the remainder of the season before winding the club up.

He was a parasite praying on our desperate club for a few bucks.

Thought this would be the most popular thread in this forums history the amount of times it gets brought up.

Not as popular as your real name and address....

Couldnt cope with the fan mail to be honest mate. Far too many stalkers on here

What about Blue huws Timber Yard that went into Liquidation

are we including the creditors of that as well (even if slightly off topic)

What about Blue huws Timber Yard that went into Liquidation

are we including the creditors of that as well (even if slightly off topic)

What does Huw Jenkins have to do with this? Or a building company for that matter?

Thats like blaming Michael Ballack for the holocaust

He basically acquired the club for £1 and tried to close it and its assets to pay off the debt and pocket the profit.

Not sure if you saw my edit but he sold Stuart Roberts to Wycombe for next to nothing when he was one of the most sought after wingers in the lower league at the time. He was utterly clueless to his true worth and Robert's sale should have put us in good stead to service the debt and still continue as a club.

He then called in all our senior players and tried to sack them all just to see out the remainder of the season before winding the club up.

He was a parasite praying on our desperate club for a few bucks.

What a guy.

Nah, as I read that, I had some recollections come back to me. Jacks did well to oust him.