I'm going to try and have one more go, after that I give up because like Ponty, you won't listen to reason or logic.
Well there you are then, these guys are good for the club.
They are trying to be good for our club which in turn will be good for them, the only way they can make money is by selling the club for more than they purchased it, that can only happen in the PL
They spend 1.4M of the clubs funds to buy freehold land, for the purpose of extension on a lease hold building, this was when we knew we were down (although negotiated earlier when we had a slim chance of survival) What a piece of business brilliance.
This piece of business was negotiated in 2103, long before any new owners were lined up, it was key to Swansea City becoming a bigger club, (Southampton, Leicester, and dare I say it Cardiff, all with 30,000 plus stadiums), the council had this land earmarked for a McDonalds drive through back in 2003 when plans first emerged. Securing this land is vital to long term plans but if you want to only think short term then you have a point.
They have pocketed all further investors money, they told us 12 months ago we had to cut wages, they did players and others yet spent 1.4M, how many jobs could that have saved. that land has nothing to do with football unless there is money in right of way, or building something, it was the last thing we needed, if it has profit in it the clubs football will not see it.
The land was finally purchased in 2016, showing up on the 2017 balance sheet, the process had long been started, I still think its right for the club, long term.
They don't look after their staff, they spend no time watching our sport and know even less about it.
I feel for everyone that loses their job but so far, its been voluntary redundancies, football is a precarious business, many have been employed since we got to the PL, the bottom line is if you lose half you're income stream with further income loses to follow then jobs are not going to be secure, just like Tata Steel (and I feel for those too). I agree that they spend no time watching our sport but that could be to do with the welcome they get, I totally agree they know nothing about football but I don't suppose John Henry knows much either at Liverpool.
What on this Gods earth can they do for Swansea City as a football club, they only sell and borrow.
Stabilise us, make us stronger, short term pain, long term gain.
Those that cant explain where the money goes, put it down as incompetency, well OK, in football terms they are the most incompetent of all the clubs in 3 years. (Therefore they are incompetent but learning, we were told they were experts, just another lie.
Borja, Andre Ayew, Wilfiried Bony, Sam Clucas, best part of £65m, squandered. As we've established, they know nothing on football so can't be blamed for making monies available, it probably made business sense insomuch as if those four had done the business on the pitch, we may well have still been in the PL.
Just look at the clubs who had dodgy so called investors, Birmingham, Bolton, Sunderland, A Villa, Leeds ,these are big clubs who are struggling financially only AV have now got a backer with vast wealth who is a football nut and will emerge better off.
Do you know that money is carefully scrutinised by the leagues, no matter how wealthy the Villa guy is, he'll have trouble lumping millions in, same with Coates at Stoke, FFP, whilst I know there are loopholes makes sure of that. West Bromwich have borrowed all their forthcoming parachute monies, I fear for them if they don't make it through the play offs.
Unless the owners are true football people, we will never ever succeed.
Disagree, running a football club is never easy, Liverpool needed a loan of £150m to build a new stand, John Henry secured that, he knows nothing about football but does know business, before the Americans came in, we were borrowing off Barclays at extortionate rates of interest, totally unsustainable
Listen, like you, I'd prefer a local, died in the wool Jack billionaire to own us but as they are in short supply we have to live with the owners we got.