Swans borrowing more?

[Uxy]

Looks like a new charge has just been registered at Companies House, this time with Mellon Bank.

Not really had the time to go through it properly, but looks very much like borrowing more.

 

[Nocountryforoldjack]

Mellon bank... Not good which ever way you slice it

 

[Cinio Dydd Sul]

Such things don't smack of conversion being imminent do they?

Mellon bank? Are they a respectable outfit?

 

[Marchamjack]

Such things don't smack of conversion being imminent do they?

Mellon bank? Are they a respectable outfit?

A quick google search shows that Silverstein Properties bought out the Mellon Bank in 2019…may be entirely unlinked…just saying…

 

[Cinio Dydd Sul]

Such things don't smack of conversion being imminent do they?

Mellon bank? Are they a respectable outfit?

A quick google search shows that Silverstein Properties bought out the Mellon Bank in 2019…may be entirely unlinked…just saying…

Well well that's an interesting development.

Could this be a way of injecting an installment of his loan into the clubs accounts (although not sure how that works with this not being Silverstein the individual)

Or is he (or a company he essentially owns) lending the club more money and getting more interest as a result?

 

[Marchamjack]

A quick google search shows that Silverstein Properties bought out the Mellon Bank in 2019…may be entirely unlinked…just saying…

Well well that's an interesting development.

Could this be a way of injecting an installment of his loan into the clubs accounts (although not sure how that works with this not being Silverstein the individual)

Or is he (or a company he essentially owns) lending the club more money and getting more interest as a result?

Must admit I immediately thought the latter when I saw that

 

[3swan]

Such things don't smack of conversion being imminent do they?

Mellon bank? Are they a respectable outfit?

A quick google search shows that Silverstein Properties bought out the Mellon Bank in 2019…may be entirely unlinked…just saying…

Did they buy the property or the bank itself?

 

[Uxy]

Such things don't smack of conversion being imminent do they?

Mellon bank? Are they a respectable outfit?

A quick google search shows that Silverstein Properties bought out the Mellon Bank in 2019…may be entirely unlinked…just saying…

May have a relationship but they don't have half the cash to own BNYM. Major bank.

Edit - I assume this is at least partly related to Downes, maybe bringing some of that forward. These documents are unclear by design though. Certainly goes to show that the kitty is pretty empty though.

 

[3swan]

Managing Director at BNY Mellon
Alexandra Waite
BA in History
Swansea University 92-95

Must be a Swans fan

 

[IAN05]

A quick google search shows that Silverstein Properties bought out the Mellon Bank in 2019…may be entirely unlinked…just saying…

May have a relationship but they don't have half the cash to own BNYM. Major bank.

Edit - I assume this is at least partly related to Downes, maybe bringing some of that forward. These documents are unclear by design though. Certainly goes to show that the kitty is pretty empty though.

Different family isn’t it ? Jake Silverstein’s father is Barry Silverstein, I don’t think they are related in anyway but may be wrong

 

[Londonlisa2001]

A quick google search shows that Silverstein Properties bought out the Mellon Bank in 2019…may be entirely unlinked…just saying…

Well well that's an interesting development.

Could this be a way of injecting an installment of his loan into the clubs accounts (although not sure how that works with this not being Silverstein the individual)

Or is he (or a company he essentially owns) lending the club more money and getting more interest as a result?

Oh ffs.

Mellon Bank was bought by the Bank of New York some years ago. The merged bank manages trillions of dollars of assets.

Silverstein Properties (unrelated to Jake Silverstein’s company - it is a common name] bought the BoNYMellon Bank Centre which is an office block in New York.

Jake Silverstein buying Mellon Bank would be as realistic a prospect as me buying Buckingham Palace.

The insane speculation is ridiculous.

Haven’t seen the charge docs btw as it’s not showing when I open companies house so can’t comment.

 

[Londonlisa2001]

Managing Director at BNY Mellon
Alexandra Waite
BA in History
Swansea University 92-95

Must be a Swans fan

Managing Director means a senior level manager in US banking terms. They will have dozens of them.
Todd Gibbons is the CEO of BNY Mellon.

 

[IAN05]

Well well that's an interesting development.

Could this be a way of injecting an installment of his loan into the clubs accounts (although not sure how that works with this not being Silverstein the individual)

Or is he (or a company he essentially owns) lending the club more money and getting more interest as a result?

Oh ffs.

Mellon Bank was bought by the Bank of New York some years ago. The merged bank manages trillions of dollars of assets.

Silverstein Properties (unrelated to Jake Silverstein’s company - it is a common name] bought the BoNYMellon Bank Centre which is an office block in New York.

Jake Silverstein buying Mellon Bank would be as realistic a prospect as me buying Buckingham Palace.

The insane speculation is ridiculous.

Haven’t seen the charge docs btw as it’s not showing when I open companies house so can’t comment.

Wasn’t showing when I opened 2002 limited but shows on Swansea city football club page

 

[3swan]

Managing Director at BNY Mellon
Alexandra Waite
BA in History
Swansea University 92-95

Must be a Swans fan

Managing Director means a senior level manager in US banking terms. They will have dozens of them.
Todd Gibbons is the CEO of BNY Mellon.

Yes I did notice that, just a department.(arm)

That would have spoiled my fun

 

[Uxy]

Oh ffs.

Mellon Bank was bought by the Bank of New York some years ago. The merged bank manages trillions of dollars of assets.

Silverstein Properties (unrelated to Jake Silverstein’s company - it is a common name] bought the BoNYMellon Bank Centre which is an office block in New York.

Jake Silverstein buying Mellon Bank would be as realistic a prospect as me buying Buckingham Palace.

The insane speculation is ridiculous.

Haven’t seen the charge docs btw as it’s not showing when I open companies house so can’t comment.

Wasn’t showing when I opened 2002 limited but shows on Swansea city football club page

https://find-and-update.company-information.service.gov.uk/company/00123414/charges