There is no pile of money

CroJack

Key Player
Chris Pearlman has spoken.

In an interview with BBC Sport Wales, Pearlman says:

  • Swansea will not "roll the dice" by spending beyond their means like some of their Championship rivals.
  • The club's owners, Steve Kaplan and Jason Levien, are considering a "cash injection in the form of equity" and the possibility of buying or diluting more shares.
  • Swansea are still paying off transfers from previous seasons.
  • Previous player sales have only made up for a fraction of the club's revenue deficit.
  • The Swans do not need to make panic sales and there is "unquestionable optimism about the future of the club".
Read more here:

https://www.google.com/amp/s/www.bbc.co.uk/sport/amp/football/46924899
 

LittlePuma

Key Player
This seems like what we all have been speculating for a while now. I do think we will be active in the summer window and sign a few.
 

Jackflash

Midfield General
Staff member
Chris Pearlman has spoken.

In an interview with BBC Sport Wales, Pearlman says:

  • Swansea will not "roll the dice" by spending beyond their means like some of their Championship rivals.
  • The club's owners, Steve Kaplan and Jason Levien, are considering a "cash injection in the form of equity" and the possibility of buying or diluting more shares.
  • Swansea are still paying off transfers from previous seasons.
  • Previous player sales have only made up for a fraction of the club's revenue deficit.
  • The Swans do not need to make panic sales and there is "unquestionable optimism about the future of the club".
Read more here:

https://www.google.com/amp/s/www.bbc.co.uk/sport/amp/football/46924899
This without doubt is the most sickening account of the clubs situation I've ever read.
Pearlman proving to be yet again another 'Yes' man.
"We are financially better off now than we were 6 months ago." Who put us in that hole 6 months ago?
There's no mention relating to Jenkins in the demise of our club. The man that has cost the club £MILLIONS and £MILLIONS, whilst taking out £MILLIONS in wages for himself. If as you say,the club wasn't being run financially successfully prior to the takeover then obviously the finger must point at Jenkins, yet due to his failures he's allowed to continue to cost £M's with appointments a schoolboy wouldn't entertain.
"We don't want Mercenaries" We've got a board full of them now!
Kaplin & Levien are considering a ( wait for it ) cash injection in the form of equity, buying and diluting more shares. meaning that although they have the controlling interest, they don't own us One hundred % , to them the Trust is still probably the fly in the ointment.
You Pearlman know nothing about the history of this club, even a couple of seasons prior to your yanks takeover, we had a manager. Laudrup, who bought a cup winning team for less than the money Everton paid us for Sigurdsson. Your yanks along with the chairman are bleeding OUR club dry.
I was in business for 45 years, and there's one golden rule 'BEFORE YOU CAN MILK A COW, FIRST YOU HAVE TO FEED IT.'
 
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CroJack

Key Player
"Previous player sales have only made up for a fraction of the club's revenue deficit." - Chris Pearlman
This ^^^ is bullshit. We don't need to cover the club's revenue deficit. Apart from 4 or 5 players, all high earners have been either sold or sent out on loan. Our wage bill is the Championship wage bill now. Why on earth would we need £120 m revenue?
 

CroJack

Key Player
"Swansea are still paying off transfers from previous seasons." - Chris Perlman
Another bullshit.

It goes both ways. We are still paying off transfers from previous seasons but we are also still recieving money for our players sold to other clubs.
 

Yankee_Jack

Key Player
We will know the truth when the financials are posted for last year to Companies house. And then agains for this year.
 

ivoralljack

Grizzled Veteran
Staff member
As ever, this lot are treating the fans as idiots. Well we are bright enough to have their measure and I don't need to repeat what the great majority of us think of them. :poop::poop::poop::poop::poop::poop::poop::poop::poop::poop:
 

Jackflash

Midfield General
Staff member
I fail to see that the Trust has any relevant interest or concern in the running of the club, they appear to be in handcuffs, why?. It would seem they have no intention of questioning quite a few of Jenkins's decisions regarding shares, equity, etc. we all know he's a proven liar. all these misdemeanours are slowly but surely being swept under the carpet, soon to be forgotten. The Trust are certainly not pursuing the supporters interests, grow some balls and take him to court, if you fail you fail but at least you tried. If nothing else it's publicity they can do without.
 

KVetch

Key Player
This was a pretty good summary, a little dated because it includes the favorable opinion that Carlos Carvalhal was going to keep them from being relegated. March 2018. I don't understand how any club that is getting Premier League Media payments can go into debt. I want to hold out hope the owners are doing the right thing and preventing them from going bankrupt. I'd rather have an oil baron owner who isn't afraid to put up money for players.

SwanseaProfitsLoss.PNG

http://financialfootballnews.com/swansea-financial-review-2018/
 

Jackflash

Midfield General
Staff member
This was a pretty good summary, a little dated because it includes the favorable opinion that Carlos Carvalhal was going to keep them from being relegated. March 2018. I don't understand how any club that is getting Premier League Media payments can go into debt. I want to hold out hope the owners are doing the right thing and preventing them from going bankrupt. I'd rather have an oil baron owner who isn't afraid to put up money for players.

View attachment 359

http://financialfootballnews.com/swansea-financial-review-2018/
I totally agree if were going to have new owners lets have ones who are genuinely going to invest for the clubs benefit.
The article is quite outdated, being it was working on the assumption that we were going to be Premiership safe in May 2018. So one has to draw an imaginary line as to what is fact and what was speculation. As they suggest, the taking over of the stadium for £300K being a great asset to the club, increasing capacity etc., nothing more than another money grabbing equity move for themselves.(The Yanks).
Majority of the profits being shown are from player sales, literally selling the family silver, No mention of the revenue paid out to sacked managers due to incompetent dealings by the chairman. It would be interesting to see a balance sheet with no assumptions drawn up after the 2018/9 season.
There's a lot of water gone under the bridge since the Carvalhal days.
 
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