jack don't pay their rent

i don't know if it's been posted before, but i am sick to death of the jacks gloating at our financial troubles and bragging how well their club is run, and it turns out that they ain't paid a penny's rent in the 5 years they have been in their council owned stadium the dirty stinking freeloaders they have denied the swansea public of millions of pounds in revenue between themselves and the opspreys. typical gypo's, and the say the cardiff council are doing us favours with rate payers money
http://www.walesonline.co.uk/news/wales ... -25543490/

f*cking hypocrites the lot of them, they still owe the council money from when they played at the vetch and they owe the police money

f*cking hypocrites the lot of them, they still owe the council money from when they played at the vetch and they owe the police money

No wonder their finances are in better shape.

We've paid £20m+ for our stadium, they've paid f-all and arent even paying their rent.

Apparently they still owe money from the Vetch !

i don't know if it's been posted before, but i am sick to death of the jacks gloating at our financial troubles and bragging how well their club is run, and it turns out that they ain't paid a penny's rent in the 5 years they have been in their council owned stadium the dirty stinking freeloaders they have denied the swansea public of millions of pounds in revenue between themselves and the opspreys. typical gypo's, and the say the cardiff council are doing us favours with rate payers money
http://www.walesonline.co.uk/news/wales ... -25543490/

The jacks probably get the DSS to pay housing benefit for their concrete jungle.

i know its great innit

:lol:

i know its great innit

No way your not getting away with this

We win cause we dont pay ANY one

How much are they supposed to be paying ?

i don't know if it's been posted before, but i am sick to death of the jacks gloating at our financial troubles and bragging how well their club is run, and it turns out that they ain't paid a penny's rent in the 5 years they have been in their council owned stadium the dirty stinking freeloaders they have denied the swansea public of millions of pounds in revenue between themselves and the opspreys. typical gypo's, and the say the cardiff council are doing us favours with rate payers money
http://www.walesonline.co.uk/news/wales ... -25543490/

Good job we don't have to else would be another creditor.

:lol:

i know its great innit

No way your not getting away with this

We win cause we dont pay ANY one

Carl,i always thought Rangers were your first team? I'd often see you in the Mcewans kit

Surely all that article points out is what a good deal the 2 clubs have negotiated?

They both pay a peppercorn rent and are only obliged to pay anything further if SSMC makes a profit, which it doesn't.

Doesn't appear from that they are "behind" with any rent payment for the stadium at all

Surely all that article points out is what a good deal the 2 clubs have negotiated?

They both pay a peppercorn rent and are only obliged to pay anything further if SSMC makes a profit, which it doesn't.

Doesn't appear from that they are "behind" with any rent payment for the stadium at all

When the stadium was first built it was supposed to be a proportion of gate income. I dont know what the deal is now. But the SSMC is making a loss and the clubs are contracted to make that up, which they havent.

Surely all that article points out is what a good deal the 2 clubs have negotiated?

They both pay a peppercorn rent and are only obliged to pay anything further if SSMC makes a profit, which it doesn't.

Doesn't appear from that they are "behind" with any rent payment for the stadium at all

We're not.The understanding is what you've just said.Im sure if we make the premiership though and start raking it in then Swansea Council might come knocking

I think its fair to say the Jacks failure to pay rent has now techically rendered them as Squatters rather than Tennants of the Liberty Stadium.....

Here you go... make sense of this



Swansea (Liberty Stadium): Management arrangements
The stadium build was financed principally through land receipts from an out of town retail park development – together with a small
amount of Sports Lottery Funding. The stadium is owned by the City and County of Swansea.
The stadium is operated by a commercial operator (‘FMC’), which is overseen by a stadium management company. The Council,
the Football Club and the Rugby Club each have two Directors on the Board of the stadium management company. The Council
holds a ‘golden share’ on certain issues. This relates to a long list of detailed points, but covers issues such as appointing a Chief
Executive, the ability to hold events, and the treatment of the stadium sinking fund. Income is apportioned via a complex formula,
which holds some relationship with attendances. The Council is not under that arrangement obliged to financially support the
stadium on a revenue basis, nor do they generate significant annual income as a result.

Here you go... make sense of this



Swansea (Liberty Stadium): Management arrangements
The stadium build was financed principally through land receipts from an out of town retail park development – together with a small
amount of Sports Lottery Funding. The stadium is owned by the City and County of Swansea.
The stadium is operated by a commercial operator (‘FMC’), which is overseen by a stadium management company. The Council,
the Football Club and the Rugby Club each have two Directors on the Board of the stadium management company. The Council
holds a ‘golden share’ on certain issues. This relates to a long list of detailed points, but covers issues such as appointing a Chief
Executive, the ability to hold events, and the treatment of the stadium sinking fund. Income is apportioned via a complex formula,
which holds some relationship with attendances. The Council is not under that arrangement obliged to financially support the
stadium on a revenue basis, nor do they generate significant annual income as a result.

Love the idea of SCFC and a 'Sinking Fund' Won't be long before the Gypos start dipping into that one

Here you go... make sense of this



Swansea (Liberty Stadium): Management arrangements
The stadium build was financed principally through land receipts from an out of town retail park development – together with a small
amount of Sports Lottery Funding. The stadium is owned by the City and County of Swansea.
The stadium is operated by a commercial operator (‘FMC’), which is overseen by a stadium management company. The Council,
the Football Club and the Rugby Club each have two Directors on the Board of the stadium management company. The Council
holds a ‘golden share’ on certain issues. This relates to a long list of detailed points, but covers issues such as appointing a Chief
Executive, the ability to hold events, and the treatment of the stadium sinking fund. Income is apportioned via a complex formula,
which holds some relationship with attendances. The Council is not under that arrangement obliged to financially support the
stadium on a revenue basis, nor do they generate significant annual income as a result.

Love the idea of SCFC and a 'Sinking Fund' Won't be long before the Gypos start dipping into that one

STINKING fund would be more suitable

Surely all that article points out is what a good deal the 2 clubs have negotiated?

They both pay a peppercorn rent and are only obliged to pay anything further if SSMC makes a profit, which it doesn't.

Doesn't appear from that they are "behind" with any rent payment for the stadium at all

We're not.The understanding is what you've just said.Im sure if we make the premiership though and start raking it in then Swansea Council might come knocking

You wont need any door knockers on your coucil stadium then chief. Premiership your having a laugh.

:lol:

i know its great innit

No way your not getting away with this

We win cause we dont pay ANY one

Carl,i always thought Rangers were your first team? I'd often see you in the Mcewans kit

hmmm your going back to when I was young way back in the day.

Followed the Gers still do but City have always been my in heart.