Gus Poyet blames under-strength squad for Black Cats' struggles

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the streaker said:
Short is more than a Director he is the sole owner so who do you thinks been putting the cash in..............and he pays himself bugger all for the priviledge..........

Hes taken sod all out of the club and the accounts state quite clearly that the Directors of Safc consider it to be viable as on ongoing business thanks to the support of the parent Sunderland ltd of which Short is sole shareholder and director...........
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Well said mate, I think people forget this when they give their flippant 'Short out' comments
 


Short is a private equity style investor and expects to get a return at some point. Suspect he is going to wait until the new TV money has hit a few years of accounts and then sell up for a handsome profit.
 
daveybigpotatoes said:
Why do you think a Texan from the private equity world has invested in Sunderland then?
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Because he was drawn in by Niall Quinns blarney.........by far the big mans biggest quality...........youre in cloud cuckoo land if you Ellis Short is going to see a" handsome profit" on the probably £150 million its cost him to date............the new tv deal money will be in the next accounts and will probably see the club for once break even but its never going to chuck massive money out as profits...........
 
the streaker said:
Short is more than a Director he is the sole owner so who do you thinks been putting the cash in..............and he pays himself bugger all for the priviledge..........

Hes taken sod all out of the club and the accounts state quite clearly that the Directors of Safc consider it to be viable as on ongoing business thanks to the support of the parent Sunderland ltd of which Short is sole shareholder and director...........
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So what you are saying is that Short has purchased the club for X millions, paid the debt but has not paid himself nothing at all since he has taken over the club from Sunderland Ltd or the Club?

I think Byrne and Per Magnus are also directors of Sunderland Ltd as well so Short is not paying himself anything or taking anything for the last 5 or 6 years from any Sunderland related company that he is a director or owner of?

I just do not understand as a businessman a successful one at that what is in it for Short, if he is not making any money and chucking money at the club what is he getting out of it.

I just cannot get my head round the fact that he gets nothing and loses money by what he is putting into the club.
 
Hesfords Hero said:
So what you are saying is that Short has purchased the club for X millions, paid the debt but has not paid himself nothing at all since he has taken over the club from Sunderland Ltd or the Club?

I think Byrne and Per Magnus are also directors of Sunderland Ltd as well so Short is not paying himself anything or taking anything for the last 5 or 6 years from any Sunderland related company that he is a director or owner of?

I just do not understand as a businessman a successful one at that what is in it for Short, if he is not making any money and chucking money at the club what is he getting out of it.

I just cannot get my head round the fact that he gets nothing and loses money by what he is putting into the club.
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Yes hes purchased the club for a shitload,cleared Drumavilles debts and also put a load of coin in himself( all detailed in previous posts) and then converted it into equity so its not really possible to take it out unless he sells up.........

Its in the last accounts that total directors remuneration totalled £1.2 million of which the highest paid director the CEO got around half of that.That leaves Short and Anderson and even if Ellis took half of that its total chickenfeed compared to what hes worth and the £150 million hes probably put in to date................you can go back to other accounts where the total remuneration was £2.5 million and included £932,000 to the highest paid Director ( Niall Quinn) and £570,000 for loss of office ( probably Steve Walton and Lesley C) and there was another 7 Directors on the payroll that year so again its easy to see theres not a lot in Ellis Short sort of terms left to pay him any sort of monster wage...

Everything in the accounts is there and the answer is Quinny played a blinder getting Ellis Short on board and whilst I personally would like him to see a return when he goes its very difficult to see where its coming from.........
 
Said it already but the lack of squad depth is a bigger picture, the 8-0 defeat and the manner of it comes down to Gus and the players on the day, not Short, Congerton or anyone else.
 
the streaker said:
Yes hes purchased the club for a shitload,cleared Drumavilles debts and also put a load of coin in himself( all detailed in previous posts) and then converted it into equity so its not really possible to take it out unless he sells up.........
Everything in the accounts is there and the answer is Quinny played a blinder getting Ellis Short on board and whilst I personally would like him to see a return when he goes its very difficult to see where its coming from.........
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He might carry on some financial guerrilla warfare like Mike Ashley?
 
Be careful what you wish for. Short is a behind the scenes non flamboyant head who has put in vast sums of money for which unfortunately he has seen all but nothing back in return. Lose him and we may well struggle for any sort of alternative investor at the right price. After all any future investor would see how we've struggled to move on as a club despite having a wealthy backer and worse still how we seem unable to get any value for money in the market re player acquisitions. Why would anyone else step in to fill the black hole of financial funding that is a football club owner's expected outlay?!
 
the streaker said:
Yes hes purchased the club for a shitload,cleared Drumavilles debts and also put a load of coin in himself( all detailed in previous posts) and then converted it into equity so its not really possible to take it out unless he sells up.........

Its in the last accounts that total directors remuneration totalled £1.2 million of which the highest paid director the CEO got around half of that.That leaves Short and Anderson and even if Ellis took half of that its total chickenfeed compared to what hes worth and the £150 million hes probably put in to date................you can go back to other accounts where the total remuneration was £2.5 million and included £932,000 to the highest paid Director ( Niall Quinn) and £570,000 for loss of office ( probably Steve Walton and Lesley C) and there was another 7 Directors on the payroll that year so again its easy to see theres not a lot in Ellis Short sort of terms left to pay him any sort of monster wage...

Everything in the accounts is there and the answer is Quinny played a blinder getting Ellis Short on board and whilst I personally would like him to see a return when he goes its very difficult to see where its coming from.........
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Have been thinking the same thing for quite some time now. He's obviously an astute business man or he wouldn't have accumulated the fortune that he has. But I keep asking myself over and over " why does he do it ?".
I'm still no nearer to working it out. Is it because he's this far in now and can't bail out without getting burned. Or is it simply because he's American ( sorry to any Sherman's) and refuses to admit he's made a complete arse of himself .:confused:
 
the streaker said:
Because he was drawn in by Niall Quinns blarney.........by far the big mans biggest quality...........youre in cloud cuckoo land if you Ellis Short is going to see a" handsome profit" on the probably £150 million its cost him to date............the new tv deal money will be in the next accounts and will probably see the club for once break even but its never going to chuck massive money out as profits...........
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If you read his bio on Kildare or lone star websites they both say he specialises in acquiring distressed assets and makes a turn in the medium term. When he bought sunderland it was distressed, over leveraged and cheap. Seems to fit his MO.
I think he will sell in a couple of years.
 
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daveybigpotatoes said:
If you read his bio on Kildare or lone star websites they both say he specialises in acquiring distressed assets and makes a turn in the medium term. When he bought sunderland it was distressed, over leveraged and cheap. Seems to fit his MO.
I think he will sell in a couple of years.
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Distressed debt is his main area of expertise and hes been at SAFC five years now its cost him a fortune and hes not seen a bean back..............Can you see someone paying £150 million so he breaks even as I cant...................
 
I see the director of football role has been excellent since its been implemented at this club. When are we going to learn it doesn't work for us. Although at the same time it stops managers spunking it on a load of crap.
 
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