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Swansea takeover bid

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haydn_davies View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote haydn_davies Quote  Post ReplyReply Direct Link To This Post Topic: Swansea takeover bid
    Posted: 09 April 2016 at 9:27pm
http://www.bbc.co.uk/sport/football/36007763

Swansea City have confirmed they are in talks with American businessmen Jason Levien and Steve Kaplan about taking a "controlling interest" in the club.

The Swans hope an agreement, reported to be worth up to £100m, will be reached by the end of the season.

"We believe we have a proposal which helps Swansea progress both on and off the field," said chairman Huw Jenkins.

Jenkins and vice-chairman Leigh Dineen will stay and the Supporters Trust will retain its 21% stake and board seat.

Swansea, promoted to the Premier League in 2011, moved up to 13th in the division and secured their Premier League status with a 1-0 over reigning champions Chelsea on Saturday before the takeover news broke.

The 2013 League Cup winners are largely run by local businessmen and have previously been the target of foreign investors hoping to benefit from the fortunes of the Premier League.

Finance in the Premier League increases from next season as Sky and BT Sport paid a record £5.136bn for live TV rights for three seasons from 2016-17 - with each game costing broadcasters, on average, £10.2 million.

Could this have an impact on the Liberty stadium and the Ospreys use of it?

Ospreys fans seem to think they have a rock solid 40 year lease left on the stadium.
Think, think, think - it's a thinking man's game!! - The Great Carwyn James.
Just for our SA friends - Weste is die beste!
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scarletabroad View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote scarletabroad Quote  Post ReplyReply Direct Link To This Post Posted: 11 April 2016 at 11:53pm
if the money men want them out no matter what their lease is. Wih the millions being thrown about un football it wont take a lit to blind the eyes of the rugby paupers
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Post Options Post Options   Thanks (0) Thanks(0)   Quote haydn_davies Quote  Post ReplyReply Direct Link To This Post Posted: 12 April 2016 at 12:14am
Talk amongst journalists so-called in the know is the people involved in the takeover want to expand the stadium and would be looking to be sole owners of it.

Who knows how that could effect the Ospreys:-
* They may be willing for the Ospreys to carry on as they are;
* They may pay the Ospreys lease off and offer them new terms;
* They may pay the Ospreys lease off and tell them where to go;

Whatever the outcome, I can see the Ospreys having to shell out more for using the stadium - if they stay there...
Think, think, think - it's a thinking man's game!! - The Great Carwyn James.
Just for our SA friends - Weste is die beste!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Mundoscarlet Quote  Post ReplyReply Direct Link To This Post Posted: 12 April 2016 at 8:21am
Haha time to start thinking of redeveloping St. Helens hey boys
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Post Options Post Options   Thanks (0) Thanks(0)   Quote joni_bach Quote  Post ReplyReply Direct Link To This Post Posted: 12 April 2016 at 9:05am
There's a perfectly good rugby stadium in Llanelli they could use, I'm sure we'd lease it to them for a good price!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote trident Quote  Post ReplyReply Direct Link To This Post Posted: 12 April 2016 at 10:54am
As I recall it the Swans and Ospreys jointly own the stadium management company, which in turn leases the stadium from City and County of Swansea council.
If that is the case I can't see how the Ospreys can be forced out unilaterally by the Swans, more likely they would have to be paid off.

Also I think the terms of the lease from the council mean that the management company doesn't pay any rent to the council until it makes a profit. Given the ownership of the management company they are unlikely to make a profit from running the stadium, as it would mean the Swans and Ospreys costs of using the stadium increase. Not sure how council tax payers view the arrangement when services are being cut while 2 sporting organisations, one of which has huge income, live rent free in a stadium paid for by the council.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Once a monkey Quote  Post ReplyReply Direct Link To This Post Posted: 12 April 2016 at 12:56pm
Originally posted by haydn_davies haydn_davies wrote:

Talk amongst journalists so-called in the know is the people involved in the takeover want to expand the stadium and would be looking to be sole owners of it.

Who knows how that could effect the Ospreys:-
* They may be willing for the Ospreys to carry on as they are;
* They may pay the Ospreys lease off and offer them new terms;
* They may pay the Ospreys lease off and tell them where to go;

Whatever the outcome, I can see the Ospreys having to shell out more for using the stadium - if they stay there...
They have a long lease mate. Nothing anyone can do about it to change that providing they pay their rent and comply with the lease terms. To think otherwise is wishful thinking.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Wil Chips Quote  Post ReplyReply Direct Link To This Post Posted: 12 April 2016 at 2:28pm
They could offer a huge payout to the O's to buy out their share.
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roy munster View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote roy munster Quote  Post ReplyReply Direct Link To This Post Posted: 12 April 2016 at 3:15pm
aren't they already meant to be expanding liberty to 30,000? when is that work due to start?
ROYMOND MUNTER MBE (FOR SERVICES TO THE COMBOVER)
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Post Options Post Options   Thanks (0) Thanks(0)   Quote haydn_davies Quote  Post ReplyReply Direct Link To This Post Posted: 12 April 2016 at 7:10pm
Originally posted by Once a monkey Once a monkey wrote:

Originally posted by haydn_davies haydn_davies wrote:

Talk amongst journalists so-called in the know is the people involved in the takeover want to expand the stadium and would be looking to be sole owners of it.

Who knows how that could effect the Ospreys:-
* They may be willing for the Ospreys to carry on as they are;
* They may pay the Ospreys lease off and offer them new terms;
* They may pay the Ospreys lease off and tell them where to go;

Whatever the outcome, I can see the Ospreys having to shell out more for using the stadium - if they stay there...

They have a long lease mate. Nothing anyone can do about it to change that providing they pay their rent and comply with the lease terms. To think otherwise is wishful thinking.

Yes, 40 years IIRC.

Do you honestly see the Ospreys playing at the Liberty if the Yanks buy and expand the stadium, which I understand they are very keen to do?

I don't.

They'll want to maximise every opportunity to earn a rerun on their investments.

Having a rugby side sharing the stadium and wearing the playing surface would be a big negative for them IMO.

I could be wrong though.
Think, think, think - it's a thinking man's game!! - The Great Carwyn James.
Just for our SA friends - Weste is die beste!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Eastern outpost Quote  Post ReplyReply Direct Link To This Post Posted: 12 April 2016 at 8:36pm
Originally posted by roy munster roy munster wrote:


aren't they already meant to be expanding liberty to 30,000? when is that work due to start?

That'll increase the echo, when it's finished.
Any offence taken on board is only a literate/cy consequence. Every attempt at humour is just that. No personal insult intended. Standards lowered for trolls.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote reesytheexile Quote  Post ReplyReply Direct Link To This Post Posted: 12 April 2016 at 11:51pm
Refurbish St Helens! A shadow of its past. 
"I'd rather have been a judge than a miner.Being a miner,as soon as you are too old and tired and sick and stupid to do the job properly,you have to go.The very opposite applies with judges!"P.Cook
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Once a monkey Quote  Post ReplyReply Direct Link To This Post Posted: 13 April 2016 at 8:01am
Originally posted by Wil Chips Wil Chips wrote:

They could offer a huge payout to the O's to buy out their share.
It would have to be serious money mate, look at the cost of replicating that match day infrastructure at any of the smaller grounds within the region. Can't see it myself, and ultimately it will be the choice of the Ospreys
#George
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Once a monkey Quote  Post ReplyReply Direct Link To This Post Posted: 13 April 2016 at 8:04am
Originally posted by haydn_davies haydn_davies wrote:

Originally posted by Once a monkey Once a monkey wrote:

Originally posted by haydn_davies haydn_davies wrote:

Talk amongst journalists so-called in the know is the people involved in the takeover want to expand the stadium and would be looking to be sole owners of it.

Who knows how that could effect the Ospreys:-
* They may be willing for the Ospreys to carry on as they are;
* They may pay the Ospreys lease off and offer them new terms;
* They may pay the Ospreys lease off and tell them where to go;

Whatever the outcome, I can see the Ospreys having to shell out more for using the stadium - if they stay there...

They have a long lease mate. Nothing anyone can do about it to change that providing they pay their rent and comply with the lease terms. To think otherwise is wishful thinking.

Yes, 40 years IIRC.

Do you honestly see the Ospreys playing at the Liberty if the Yanks buy and expand the stadium, which I understand they are very keen to do?

I don't.

They'll want to maximise every opportunity to earn a rerun on their investments.

Having a rugby side sharing the stadium and wearing the playing surface would be a big negative for them IMO.

I could be wrong though.
It will ultimately be up to the Ospreys, and whether any alternative is so attractive as to make it impossible to refuse. Can't se it myself, the Liberty wasn't the Gnoll or St. Helens which was one of the reasons people bought into them. Resettling and developing elsewhere might not sit well with some.
 
The playing surface there is excellent in any event, cannot see that being a factor
#George
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Wil Chips Quote  Post ReplyReply Direct Link To This Post Posted: 13 April 2016 at 7:48pm
I agree, there's no legal or logical reason for the O's to move out...only a huge wedge, technical fine print, or a default on a contract clause could shift them..
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Post Options Post Options   Thanks (0) Thanks(0)   Quote hoppy Quote  Post ReplyReply Direct Link To This Post Posted: 21 July 2016 at 9:12pm
Swans Takeover Completed.
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