Thanks to Jenkins, Morgan & co., the Trust can only watch the club being raped. That's not the Trust's fault.
The Yanks own 68 % of the club's shares, but they also have the absolute majority of the voting rights. Normally, you have to own 75% of shares to have absolute voting majority.
So how come the Yanks have the absolute voting majority with only 68% of the shares?
Well, they probably gave Jenkins and Morgan a higher price for their shares and in return Jenkins and Morgan transfered their voting rights they had for their remaining stakes in the club. Jenkins and Morgan still own 10% of the Swansea shares. In my opinion that was the reason the Yanks on one side and Jenkins, Morgan & co. on the other side made a shady deal behind the Trust's back.
It's a simple math:
Let's say the club was worth £100 m (<--- this number is just an example, it's easier to explain). To pay all shareholders out the Yanks should have spent exactly £100 m. But the Yanks payed to Jenkins, Morgan and co. more than £68 m for 68 % shares (let's say £70-75m), and in return got 78% voting rights and the absolute control over the club. They saved let's say £25-30m and they can do what they want.
All these numbers are just an example.
