Sun May 20, 2018 10:37 am
Sun May 20, 2018 10:41 am
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
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
We've all been waiting with anticipation for this downfall
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
We've all been waiting with anticipation for this downfall
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
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
Sun May 20, 2018 11:09 am
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
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
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.
Sun May 20, 2018 12:41 pm
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
I agree just what do the trust want?
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
Mon May 21, 2018 7:38 pm
Tue May 22, 2018 3:07 pm
Tue May 22, 2018 7:20 pm