Donald to meet efl tomorrow

[Wardley Makem]

Stood outside the EFL headquarters this morning. Sunderland’s proposed new owner, Stewart Donald, was inside meeting league officials about his planned takeover.
And then who should emerge through the doors but... Ellis Short, who is awaiting EFL approval of the deal.

A surprise to see him... so i asked why was he there? How had the meeting gone? Is the takeover on track? Should fans be worried? Don’t they deserve answers? And finally, as sources have told me, is he planning to take SAFC’s next two PL parachute payments as part of the deal?

He categorically refused to answer any of the questions and walked away.
No sign too of any deal being approved by the EFL as it stands.

 

[Wardley Makem]

Stood outside the EFL headquarters this morning. Sunderland’s proposed new owner, Stewart Donald, was inside meeting league officials about his planned takeover.
And then who should emerge through the doors but... Ellis Short, who is awaiting EFL approval of the deal.

A surprise to see him... so i asked why was he there? How had the meeting gone? Is the takeover on track? Should fans be worried? Don’t they deserve answers? And finally, as sources have told me, is he planning to take SAFC’s next two PL parachute payments as part of the deal?

He categorically refused to answer any of the questions and walked away.
No sign too of any deal being approved by the EFL as it stands.

Works for BBC Sport - Correspondent

 

[Duracel Funny]

You’ve made this up.

 

[qixman]

Hmm Conway said he was surprised that Short was there, it seems he must have missed a trick somewhere as it was previously reported that Short and Donald would both be there.

 

[Evester]

It needs a new post because???

Could have sworn read all this on the other post!!!!

 

[Oli Wagkz]

Seb.

 

[TopCat]

Odd tweets. Don't know why he'd think ES refusing to answer his questions has anything to do with the success of the deal.
Smacks of ego to me

 

[Wearside Wanderer II]

Conway broke the news that short was giving the club away for nowt, he was the only one at the time

 

[lozza]

Hmm Conway said he was surprised that Short was there, it seems he must have missed a trick somewhere as it was previously reported that Short and Donald would both be there.

i'd be more surprised if he wasn't there if this is one of the final hurdles surely he needs to be there

 

[walesie]

The only way that could happen would be if the purchase contract included a deed of assignment to Short - in effect the buyers using the parachute as a means of paying for the club. However, as this would mean them having to take out new loans to replace the parachute, or provide replacement funding from their own resources, there wouldn't seem to be any reason for them to structure the deal like that.

Could there be a tax benefit to it?

 

[TopCat]

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Hmm....

Whole load of panic about nothing. Reporter asks questions (many made up by his own 'sources') and person refuses to answer as it's a) none of his business and b) related to an on-going deal and therefore not suitable for public consumption

 

[Patch Lafayette]

Odd tweets. Don't know why he'd think ES refusing to answer his questions has anything to do with the success of the deal.
Smacks of ego to me

A bit up himself. Don’t you think the fans deserve some information. Not really no. Surprised Ellis didn’t cuff him one

 

[Reznor]

@Grumpy Old Man "And finally, as sources have told me, is he planning to take SAFC’s next two PL parachute payments as part of the deal?" Is this even possible?

 

[Reznor]

Hmm Conway said he was surprised that Short was there, it seems he must have missed a trick somewhere as it was previously reported that Short and Donald would both be there.

Also why would the current owner of the club not be involved in takeover talks...

 

[Cack Stottie]

Whole load of panic about nothing. Reporter asks questions (many made up by his own 'sources') and person refuses to answer as it's a) none of his business and b) related to an on-going deal and therefore not suitable for public consumption

Who's panicking?

 

[lozza]

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Hearing Sunderland takeover has fallen through!!! May just be a rumor...

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Don't no his credibility but he's a journalist well a sports consultant according to his bio

 

[Deleted User 18963]

Also why would the current owner of the club not be involved in takeover talks...

It's unusual for the seller to be at a meeting which is, on the face of it, for a buyer seeking regulatory approval. It suggests - but doesn't confirm - that there are potential issues within the deal. We will see

Conways response to that

 

[JERUDONG No.10]

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Hearing Sunderland takeover has fallen through!!! May just be a rumor...

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Don't no his credibility but he's a journalist well a sports consultant according to his bio

Wouldn’t surprise me in the slightest.

 

[hank williams]

Who's panicking?

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[pele]

The only way that could happen would be if the purchase contract included a deed of assignment to Short - in effect the buyers using the parachute as a means of paying for the club. However, as this would mean them having to take out new loans to replace the parachute, or provide replacement funding from their own resources, there wouldn't seem to be any reason for them to structure the deal like that.

Short requires the parachute payment to offset his loss.