UPDATED ' Swansea City Next week '

Updated

Swansea supporters chiefs admit new 60% deal could be more appealing, but reveal hurt at 'being kept in dark'


Swansea City takeover to be concluded in the next week
By Sky Sports News HQ

14/04/16

Jason Levien, currently a co-executive chairman of the Memphis Grizzlies, is part of a group buying into Swansea City

The sale of Swansea City to American businessmen Jason Levien and Steve Kaplan will be concluded within a week.

Sky Sports News HQ understands more than six months of negotiations will be concluded in the days following the Swans' visit to Newcastle this weekend.

Levien and Kaplan are purchasing a controlling stake in a deal worth approximately £110m - and will invest between £30m and £50m in the Liberty Stadium, training facilities and playing staff.

The majority of their fans on social media seem to be against it, probably seen what's happened to us and other teams with foreign owners, and they are fearing the worst.

Hopefully another Randy Lerner. and fecks them right up

Bad news for them its not a lot of investment they must be in the shit to sell for so low

Maybe the new owners will change them to BLUE that would be funny.

Jenkins laughing all the way to the bank! ! Probably thinks writing on the wall after this season?

Last edited by pembroke allan on Thu Apr 14, 2016 4:20 pm, edited 1 time in total.

Beat me to it, I was thinking the same about a rebrand to blue- BLUE JACKS,BLUE JACKS!

Hopefully another Randy Lerner. and fecks them right up

Syr Huw of Town Hill has been looking to cash in for about three years and has finally found someone willing to pay the asking price

Looks like this one will go ahead and the current Board are unlikely to stay involved

Is that good or bad for The Swans? I guess only time will tell but I'm pretty confident they will never find another Huw Jenkins should the new boys fail to invest properly and Swans fans are right to be somewhat apprehensive

Syr Huw of Town Hill has been looking to cash in for about three years and has finally found someone willing to pay the asking price

Looks like this one will go ahead and the current Board are unlikely to stay involved

Is that good or bad for The Swans? I guess only time will tell but I'm pretty confident they will never find another Huw Jenkins should the new boys fail to invest properly and Swans fans are right to be somewhat apprehensive

After reading up on the latest this morning, part of the deal is that Huw stays in his position.

In reality, they had to sell to fund the stadium purchase and expansion. But I am sure the cosy feel around the club may well dissipate now.

GUIDOLIN CONFIRMS TALKS ON FUTURE

Swansea manager Francesco Guidolin has confirmed he has discussed his future at the club with chairman Huw Jenkins in the wake of a possible takeover by American investors.

"I am happy to hear the chairman endorse my work. I am proud. I spoke with the chairman. We spoke about the future," said Guidolin.

"Nothing is decided but we are talking about many things; players, instructors, pre-season, staff. And I confirm to him I prefer to stay here if possible. Now I am waiting for his decision. But I am happy at the moment.

"It's only a good conversation between us, but nothing is decided. I hope to have the possibility to stay."

Swansea supporters chiefs admit new 60% deal could be more appealing, but reveal hurt at 'being kept in dark'

Really ? Who gives a f**k, why on earth has this been kept as a main topic on a cardiff city messageboard ?

Really ? Who gives a f**k, why on earth has this been kept as a main topic on a cardiff city messageboard ?

Because it's of interest to fans of football!

Its a matter of time before the bubble burst down there. Its wobbled a bit this year, now to give to the yanks....They are getting figured out football wise and once the cheerleaders and foam fingers come out at Liberty the fans will turn away - they only joined once they got to the Prem! Rent a crowd will walk away

The Memphis Grizzlies play in white but blue is quite prominent in their badge and promotional material.

Just hope they've done their homework

"£30m and £50m in the Liberty Stadium, training facilities and playing staff"

£50m wont be enough to improve those areas i wouldnt have thought.

"£30m and £50m in the Liberty Stadium, training facilities and playing staff"

£50m wont be enough to improve those areas i wouldnt have thought.

Maybe at their usual rate of 10p in the pound?

"£30m and £50m in the Liberty Stadium, training facilities and playing staff"

£50m wont be enough to improve those areas i wouldnt have thought.

I think they are in trouble financially and have to sell I know last season they had to take a massive loan out gainst future TV revenue s

I don't believe that for a second regarding financial trouble, or the loan. No offence. It is not how Jenkins does things and it doesn't make much sense when the clubs accounts are available.

I think the £50 million investment is on top of what they normally have available through club funds, as a sort of condition of sale. Otherwise it is not investment but just spending club funds as per usual and wouldn't be news worthy. They usually spend £30 million a season or there abouts don't they.

The training ground is finished so it is the purchase and expansion of the Liberty left to complete, which Google tells us will cost £50 million, which is obviously what the Yanks are bringing to the table in terms of their investment and ties in with the reported £50 million investment.

http://www.bbc.co.uk/news/uk-wales-sout ... s-34220005

They will then have the usual £30 million to improve playing staff PLUS whatever extra revenue they get for SKY this year, which I think is another £25 million... which will probably go on the wage structure.

"£30m and £50m in the Liberty Stadium, training facilities and playing staff"

£50m wont be enough to improve those areas i wouldnt have thought.

Maybe at their usual rate of 10p in the pound?

£50m on the ground, players ect what's the other 50m for perchasec of club and Jenkins & co pockets??

Nothing stopping the Trust trying to purchase a majority stake

Nothing stopping the Trust trying to purchase a majority stake

Money maybe?

Nothing stopping the Trust trying to purchase a majority stake

Money maybe?

spot on Allan The trust never had a majority stake so it's tough luck for them that Statue of Liberty stadium has new ownership

Nothing stopping the Trust trying to purchase a majority stake

Money maybe?

spot on Allan The trust never had a majority stake so it's tough luck for them that Statue of Liberty stadium has new ownership

If correct they don't have say what Americans can or can't do? to me it looks like Jenkins & Co are jumping ship and taking the money before it goes tits up for them

Nothing stopping the Trust trying to purchase a majority stake

Money maybe?

spot on Allan The trust never had a majority stake so it's tough luck for them that Statue of Liberty stadium has new ownership

If correct they don't have say what Americans can or can't do? to me it looks like Jenkins & Co are jumping ship and taking the money before it goes tits up for them

Yes, the Americans will have 51% + meaning they can do as they please. And yes, the other shareholders are selling to the yanks at a significantly higher value to what they were purchased for. Can't really blame them for that

£50m on the ground, players ect what's the other 50m for perchasec of club and Jenkins & co pockets??

You misunderstand Permbroke. The whole lot goes into the directors pockets, they are selling their personal shares for £1m per 1%. So Huw will pocket circa £20 million for his shares. As a condition of sale the new owners then have to invest £50m of their money into the development of the Liberty.

Also, to the poster above, 51% does not mean you can do as you please under company law, it just means you have a majority stake. 75.1% means you can do as you please (within reason). Which is why the trust have been desperate to get their holding to 25%. It protects them against certain things like the new owners creating extra shares to dilute the Trusts holding. It does not stop them doing it, but they have option to buy any new shares to protect their own % holding once they reach 25%. Whether they will be able to afford it is another thing. But I imagine there will be a new shareholders agreement in place where they will seek protection against the above.

I will be watching with interest.

£50m on the ground, players ect what's the other 50m for perchasec of club and Jenkins & co pockets??

You misunderstand Permbroke. The whole lot goes into the directors pockets, they are selling their personal shares for £1m per 1%. So Huw will pocket circa £20 million for his shares. As a condition of sale the new owners then have to invest £50m of their money into the development of the Liberty.

Also, to the poster above, 51% does not mean you can do as you please under company law, it just means you have a majority stake. 75.1% means you can do as you please (within reason). Which is why the trust have been desperate to get their holding to 25%. It protects them against certain things like the new owners creating extra shares to dilute the Trusts holding. It does not stop them doing it, but they have option to buy any new shares to protect their own % holding once they reach 25%. Whether they will be able to afford it is another thing. But I imagine there will be a new shareholders agreement in place where they will seek protection against the above.

I will be watching with interest.

Didn't misunderstand fact that shareholders are going to make a mint from selling up? as said before smells of rats on a sinking ship!!!

Allan you really don't have a cluedos what you are on about. As if these Americans are going to invest this money into the club and then f**k it up, just for a laugh like. Interesting a lot of Jacks are against it too, they need to realise their current model is not sustainable in the long term, they needed this investment.

Jenkins and co are cashing out at the right time in my opinion, they can't take the Jacks any further than they have. I'd line my pockets too if I was them. If I had a pound for every time I have read someone predict the downfall of the Jacks on here i'd have enough money to buy the Jerks four times over.