Need to drive Ellis out of Sunderland.

[Grumpy Old Man]

Says who?
I've seen this said loads on here but never seen a link to any article which states it, not disagreeing mind just questioning.

Effectively, it was when he bought the club. The Irish had no further funds to commit, and a rights issue of shares was needed to provide new capital to keep the club going. Short initially took a 30% stake, and then bought out the Irish a few months later.

 

[Deleted member 26022]

Mistake after mistake after mistake. Jobs for unqualified mates. People not having a clue how to do their jobs properly. Shitty penny pinching whilst at the same time paying off executives to take the wrap for more shit decisions. Even failing to support the lasses for absolute peanuts. This is the worst position the club has been in in my lifetime. All after getting record money in. 10 years of decomposing turgid shite. You can't blame anyone other than constant one overseeing it all.

Top class post, PitYacker

 

[citybythesea]

Short wants out as much as the supporters want him out.

This is true, no one wants to buy the club in debt.

 

[Deleted member 27897]

Fed up of the Short apologists already, our club is tumbling without a fight to its worst position in 30 years and all some can do is abuse other fans for daring to stand up for their club.

 

[The Exile]

I can't see any negative potential consequences, genuinely.
He saw the opportunity of a quick buck and has blown it, he is now putting the position of the club in peril as he attempts to claw back money he's lost through his own awful decisions.

Not a single negative consequence to annoying the person who can literally stop the club existing whenever he fancies?

 

[Grumpy Old Man]

It doesn't happen if the money is spent better previously. Actions, consequences. The trail has to be followed to the beginning.

I might just have another detailed look and see if I can't identify when and where the mistakes were made. I've got some ideas, and nobody involved in the club since Murray sold up (including Short) is likely to come up smelling of roses.

 

[PitYacker]

This is true, no one wants to buy the club in debt.

Nope, I think you'll find Short doesn't want to loose money and so no one matches his valuation

 

[Deleted member 27897]

Nope, I think you'll find Short doesn't want to loose money and so no one matches his valuation

So what's he going to do just sit idly by as the club's value decreases and decreases as we sink down the leagues?

 

[Motor City Cobra]

14 year old kid from my estate had the short out banner.

He really dislikes him

 

[PitYacker]

So what's he going to do just sit idly by as the club's value decreases and decreases as we sink down the leagues?

I reckon he thinks he can just get in as much money as he can through parachute payments, selling everything he can rather than sell the club. He doesn't give a shit about the club otherwise he would have admitted his mistakes, taken a hit and sold. That's why protests should be done to be honest.

 

[The Exile]

So what's he going to do just sit idly by as the club's value decreases and decreases as we sink down the leagues?

I wonder if we're now worth more as a tax writeoff than an investment.

 

[Grumpy Old Man]

I reckon he thinks he can just get in as much money as he can through parachute payments, selling everything he can rather than sell the club. He doesn't give a shit about the club otherwise he would have admitted his mistakes, taken a hit and sold. That's why protests should be done to be honest.

Totally wrong - they will go on meeting wages and running costs, just as the full payments did in the PL. No PL money has ever been used for investment purposes.

I wonder if we're now worth more as a tax writeoff than an investment.

£200m in available losses is not be sniffed at - although they're far harder to group relieve away than they used to be.

 

[dave hedgehog]

We have?? Short has, only Short.

The mans a cùnt. Pure and simple.

Most people applauded him when poyet signed, when advocaat signed, when allardyce signed and when moyes signed. All bar 1 absolutely shite in the end. Hindsight makes us all brilliant decision makers.

 

[the sleeping giant]

I'll drive him as far as he wants to go.

Bottom line, ladies & gentlemen, is that he's made error after error in running the club - to the point that we are skint and left owing a lot of cash to...errrr..... Ellis Short.

The man is out of his depth and living in dreamland if he thinks somebody will come in and inherit a debt created by his own mismanagement.

If we sit in silence, the decline will continue as he will not take a loss... But similarly will not invest to improve us. Protests and refusal to attend home games will embarrass the man... Not saying such actions will remove him, but apathy certainly won't.

There were two potential buyers in the summer - who's to say that a more reasonable seller would not bring more out of the woodwork?

 

[Nelson!]

It doesn't happen if the money is spent better previously. Actions, consequences. The trail has to be followed to the beginning.

You could go all the way back to the Bank of England club in that case.....it won't help at all. Short is here and now, this is his mess.....we wont get any better until he is long gone. I've been saying it for years and have seen nothing to suggest otherwise despite the hand-wringing on here at the prospect of real change.

 

[the sleeping giant]

Most people applauded him when poyet signed, when advocaat signed, when allardyce signed and when moyes signed. All bar 1 absolutely shite in the end. Hindsight makes us all brilliant decision makers.

I interviewed none of them. I managed none of them. I discussed strategy with none of them. I agreed a transfer policy with NONE of them

Ellis Short is accountable, not the fans. It's not a coincidence that they have all failed ( Allardyce excepted)

 

[---Nemo---]

I interviewed none of them. I managed none of them. I discussed strategy with none of them. I agreed a transfer policy with NONE of them

Not me Guv. It was him!

 

[dave hedgehog]

I interviewed none of them. I managed none of them. I discussed strategy with none of them. I agreed a transfer policy with NONE of them

Ellis Short is accountable, not the fans. It's not a coincidence that they have all failed ( Allardyce excepted)

Its not a coincidence. They were all out of their depth. But appointing them was largely warmly accepted by the fans. How else could ellis short judge these managers if we thought they were good enough beforehand.

All of them wanted millions to spend. All of them got millions to spend and absolutely fucked us up.

I know the buck stops with short but howay, what else could he actually have done other than appoint them managers?!

 

[Goat Hoof]

Nope, I think you'll find Short doesn't want to loose money and so no one matches his valuation

lose* money.
loose change.

Totally wrong - they will go on meeting wages and running costs, just as the full payments did in the PL. No PL money has ever been used for investment purposes.



£200m in available losses is not be sniffed at - although they're far harder to group relieve away than they used to be.

this is becoming more plausible it seems. i'll leave it for Grumpy and any other other tax whizzes to provide more insight.

 

[Grumpy Old Man]

lose* money.
loose change.


this is becoming more plausible it seems. i'll leave it for Grumpy and any other other tax whizzes to provide more insight.

It used to be so easy to use up accumulated tax losses against future profits elsewhere in a group of companies that people would actually buy companies for their tax losses. So easy that HMRC closed off the vast majority of the ways you can do it. It's not impossible, but it needs a lot of planning, and even then there's a fair chance that the Revenue will kick it into touch.