Swansea Trust want Mediation.

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Swansea Trust want Mediation.

Postby WelshPatriot » Sun May 20, 2018 10:37 am

For those who haven't seen this:

CONFIDENTIAL

This update is being sent to you as a registered member of Swansea City Supporters’ Society Limited, which is also known as the ‘Swansea City Supporters’ Trust’ (‘Trust’). If you are not a member of the Trust, please do not read it. If you are a member, please do not share it or pass it on to others. On the advice of our lawyers, we need to state that nothing in this update is, or is intended as, a waiver of legal professional privilege or any other type of privilege.



In January 2018 the majority owners of Swansea City decided to ‘put on hold’ indefinitely the ongoing discussions on the previously proposed deal relating to the part sale of the Trust’s shareholding in Swansea City Football 2002 Limited, which (through another company) owns the Football Club. With no indication as to whether the deal could be resurrected in the future, the Trust engaged further specialist legal advice in order to determine the next steps that could be taken to best protect the interests of the Trust and, therefore, our members. It will be recalled that we have previously reported that initial advice from Queen’s Counsel (a senior lawyer) was taken last year.



As a result, the Trust and our legal advisers have carried out a comprehensive review of the circumstances surrounding the 2016 sale of a controlling interest in the Club and the impact of these events on the Trust and our shareholding. This involved going back to 2001/2002, when the Club was saved from bankruptcy by the Trust and others, and establishing the relevant factual history and developments from then until the present day. Many people and sources had to be consulted to achieve this and the exercise has only been completed within the last few days.


Our lawyers have today sent (by electronic means or post) to the Club and its shareholders a detailed letter, setting out a number of legal claims on the part of the Trust, including complaints as to the very negative impact the sale and related matters have had on the Trust’s position as a shareholder. The letter and its schedules extend to some 60 pages.


On advice from our lawyers, and in accordance with Court guidelines, the Trust has offered to enter into a formal ‘mediation’ process with the majority owners and others, in order to seek to resolve these claims and complaints. The aim is to seek a provisional agreement to settle past differences, with a view to moving ahead together with the task of rebuilding the Club and returning it to top level football. Any such provisional agreement would be put to members for approval, by way of a consultation.



Mediation is a voluntary and confidential process in which relevant parties seek to resolve disputes with the assistance of a trained independent and impartial mediator. The mediator cannot impose a solution, but uses his or her skills to bring the parties together. The letter that has been sent proposes that mediation takes place in early July, to allow time for responses to be provided to the letter. While it is a voluntary process, mediation is increasingly being seen by courts as a necessary first step before any formal court proceedings are taken and costs sanctions can be applied for unreasonably failing to mediate. The Trust is duty bound to explore all available legal avenues to protect the interests of the Trust and our members. If mediation were refused or the process proved unsuccessful, and if Trust members support such action, future court proceedings are possible.
If a potential resolution is achieved via the mediation process, it will be set out in a binding, written settlement agreement. However, we can assure our members that any agreement will not be finalised unless it is approved by Trust members as part of a formal consultation exercise.


Members should be aware, however, that if the offer of formal mediation is accepted, that it is a confidential process. This means that the Trust Board will be limited in what we are able to report during the mediation process, unless or until a provisional agreement is reached (or alternative options are identified) on which members can be consulted.
We will update members as soon as we are able to provide further information.

Best wishes


The Swans Trust Team
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Swansea Trust want Mediation.

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Re: Swansea Trust want Mediation.

Postby paulh_85 » Sun May 20, 2018 10:41 am

Should rename this the Swansea forum.


Thread about fer crashing his car was made a sticky yesterday :lol:
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Re: Swansea Trust want Mediation.

Postby WelshPatriot » Sun May 20, 2018 10:49 am

paulh_85 wrote:Should rename this the Swansea forum.


Thread about fer crashing his car was made a sticky yesterday :lol:


We've all been waiting with anticipation for this downfall
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Re: Swansea Trust want Mediation.

Postby Sven » Sun May 20, 2018 10:57 am

WelshPatriot wrote:
paulh_85 wrote:Should rename this the Swansea forum.


Thread about fer crashing his car was made a sticky yesterday :lol:


We've all been waiting with anticipation for this downfall


I tend to agree and we should make hay whilst the sun still shines! :thumbright: :ayatollah:
"If you think what I say is 'offensive' to you, you should hear what I keep to myself...!"
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Re: Swansea Trust want Mediation.

Postby paulh_85 » Sun May 20, 2018 11:00 am

WelshPatriot wrote:
paulh_85 wrote:Should rename this the Swansea forum.


Thread about fer crashing his car was made a sticky yesterday :lol:


We've all been waiting with anticipation for this downfall



Yeah and if it was the other way around we’d be calling them obsessed
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Re: Swansea Trust want Mediation.

Postby Sven » Sun May 20, 2018 11:07 am

paulh_85 wrote:
WelshPatriot wrote:
paulh_85 wrote:Should rename this the Swansea forum.


Thread about fer crashing his car was made a sticky yesterday :lol:


We've all been waiting with anticipation for this downfall



Yeah and if it was the other way around we’d be calling them obsessed


Only if we trolled THEIR Forum's to boast and saturate them with fantastically unsubstantiated claims! ;)

If it's on here and they see it? That'll teach them for looking when their down! LOL :thumbright: :lol: :clap:
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Re: Swansea Trust want Mediation.

Postby Bakedalasker » Sun May 20, 2018 11:09 am

"The aim is to seek a provisional agreement to settle past differences, with a view to moving ahead together with the task of rebuilding the Club and returning it to top level football."

I wonder what these Trust members will wont? A voice in the new manager, a tick in the box for a new signing....this could do more damage than good.
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Re: Swansea Trust want Mediation.

Postby WelshPatriot » Sun May 20, 2018 11:36 am

Sven wrote:
paulh_85 wrote:
WelshPatriot wrote:
paulh_85 wrote:Should rename this the Swansea forum.


Thread about fer crashing his car was made a sticky yesterday :lol:


We've all been waiting with anticipation for this downfall



Yeah and if it was the other way around we’d be calling them obsessed


Only if we trolled THEIR Forum's to boast and saturate them with fantastically unsubstantiated claims! ;)

If it's on here and they see it? That'll teach them for looking when their down! LOL :thumbright: :lol: :clap:


Exactly this we've had 7 years of Swansea trolls infesting our board often derailing good football debates. It's our turn to enjoy a jack free board and revil in their failings.
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Re: Swansea Trust want Mediation.

Postby Tony Blue Williams » Sun May 20, 2018 11:51 am

Bakedalasker wrote:"The aim is to seek a provisional agreement to settle past differences, with a view to moving ahead together with the task of rebuilding the Club and returning it to top level football."

I wonder what these Trust members will wont? A voice in the new manager, a tick in the box for a new signing....this could do more damage than good.


It does seem to be the ultimate irony that a supporters trust ends up suing it's own football club :lol:

I agree just what do the trust want?
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Re: Swansea Trust want Mediation.

Postby GrangeEndStar » Sun May 20, 2018 12:41 pm

I saw this on their forum and thought it maybe a fan wind-up as it's so poorly written. Big nose kept their 'Trust' in the dark on the sale to the yanks as they would have stopped it based on Levien's shady past dealings.

I'm not sure what outcome their trust wants from this 'mediation' but it's yet another off-field spanner in the works precisely when they don't need it.

Good. :lol:
'Nail 'em up,' I say. 'Nail some sense into 'em.'
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Re: Swansea Trust want Mediation.

Postby pembroke allan » Sun May 20, 2018 12:50 pm

Tony Blue Williams wrote:
Bakedalasker wrote:"The aim is to seek a provisional agreement to settle past differences, with a view to moving ahead together with the task of rebuilding the Club and returning it to top level football."

I wonder what these Trust members will wont? A voice in the new manager, a tick in the box for a new signing....this could do more damage than good.


It does seem to be the ultimate irony that a supporters trust ends up suing it's own football club :lol:

I agree just what do the trust want?



What they want and what they get are two separate things and judging by other yank owners they will get nothing !they have 21% of shares which means they have no influence in what yanks do with their club? Toothless springs to mind :old:
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Re: Swansea Trust want Mediation.

Postby Bluebina » Mon May 21, 2018 8:28 am

WelshPatriot wrote:For those who haven't seen this:

CONFIDENTIAL

This update is being sent to you as a registered member of Swansea City Supporters’ Society Limited, which is also known as the ‘Swansea City Supporters’ Trust’ (‘Trust’). If you are not a member of the Trust, please do not read it. If you are a member, please do not share it or pass it on to others. On the advice of our lawyers, we need to state that nothing in this update is, or is intended as, a waiver of legal professional privilege or any other type of privilege.



In January 2018 the majority owners of Swansea City decided to ‘put on hold’ indefinitely the ongoing discussions on the previously proposed deal relating to the part sale of the Trust’s shareholding in Swansea City Football 2002 Limited, which (through another company) owns the Football Club. With no indication as to whether the deal could be resurrected in the future, the Trust engaged further specialist legal advice in order to determine the next steps that could be taken to best protect the interests of the Trust and, therefore, our members. It will be recalled that we have previously reported that initial advice from Queen’s Counsel (a senior lawyer) was taken last year.



As a result, the Trust and our legal advisers have carried out a comprehensive review of the circumstances surrounding the 2016 sale of a controlling interest in the Club and the impact of these events on the Trust and our shareholding. This involved going back to 2001/2002, when the Club was saved from bankruptcy by the Trust and others, and establishing the relevant factual history and developments from then until the present day. Many people and sources had to be consulted to achieve this and the exercise has only been completed within the last few days.


Our lawyers have today sent (by electronic means or post) to the Club and its shareholders a detailed letter, setting out a number of legal claims on the part of the Trust, including complaints as to the very negative impact the sale and related matters have had on the Trust’s position as a shareholder. The letter and its schedules extend to some 60 pages.


On advice from our lawyers, and in accordance with Court guidelines, the Trust has offered to enter into a formal ‘mediation’ process with the majority owners and others, in order to seek to resolve these claims and complaints. The aim is to seek a provisional agreement to settle past differences, with a view to moving ahead together with the task of rebuilding the Club and returning it to top level football. Any such provisional agreement would be put to members for approval, by way of a consultation.



Mediation is a voluntary and confidential process in which relevant parties seek to resolve disputes with the assistance of a trained independent and impartial mediator. The mediator cannot impose a solution, but uses his or her skills to bring the parties together. The letter that has been sent proposes that mediation takes place in early July, to allow time for responses to be provided to the letter. While it is a voluntary process, mediation is increasingly being seen by courts as a necessary first step before any formal court proceedings are taken and costs sanctions can be applied for unreasonably failing to mediate. The Trust is duty bound to explore all available legal avenues to protect the interests of the Trust and our members. If mediation were refused or the process proved unsuccessful, and if Trust members support such action, future court proceedings are possible.
If a potential resolution is achieved via the mediation process, it will be set out in a binding, written settlement agreement. However, we can assure our members that any agreement will not be finalised unless it is approved by Trust members as part of a formal consultation exercise.


Members should be aware, however, that if the offer of formal mediation is accepted, that it is a confidential process. This means that the Trust Board will be limited in what we are able to report during the mediation process, unless or until a provisional agreement is reached (or alternative options are identified) on which members can be consulted.
We will update members as soon as we are able to provide further information.

Best wishes


The Swans Trust Team


This can't be true surely, Roathy has been telling us they are light years ahead and run by the fans and if they tried to sell they would protest and the owners would be run out of town :laughing6: fecking idiot :wave:
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Re: Swansea Trust want Mediation.

Postby nubbsy » Mon May 21, 2018 7:38 pm

Zzzzzzzzzzz
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Re: Swansea Trust want Mediation.

Postby llangainbluebird » Tue May 22, 2018 3:07 pm

Thought this thread was about a hospital
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Re: Swansea Trust want Mediation.

Postby Bananas » Tue May 22, 2018 7:20 pm

YOOOOOO JERK BSTRDS!!!!!!!!!
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