Donald to meet efl tomorrow

[Secret Visage]

Because the payments would have to go to the football club SAFC.

Nope, SBC have first call on them.

 

[JHmackem]

The amount of cranks the EFL have allowed to take over clubs and yet they have declined Donald take over SAFC ? What the fuck is that all about.

Where has this been said like?

 

[Mainze]

The amount of cranks the EFL have allowed to take over clubs and yet they have declined Donald take over SAFC ? What the fuck is that all about.

Who has?

 

[T_Bone]

I'm listening to Doris Day singing " Que Sera, Sera", I'm chilled, some on here should listen to it.

 

[Deleted member 7431]

Where has this been said like?

Ex-player (youth) that never made it to the first team. Gareth Mordey on twitter.

 

[manamamackem]

This would be the most typical safc thing ever

Sadly, I would have to agree, marra.

 

[Dave_39]

Ex-player that never made it to the first team. Gareth Mordey on twitter.

only people that know for sure whats going on is Ellis Short Steward Donald and the ELF FACT

 

[Napoleon Dynamite]

Because the payments would have to go to the football club SAFC.

Safc couldn’t have an agreement with another company to pay them?

 

[Johnnyh]

Nope, SBC have first call on them.

What I’m saying is the payments would have to go to the football club. They wouldn’t go to a third party. But if SBC have got first charge through a legal document then that is another matter. But we don’t know for sure if SBC have.

 

[safc4everbp]

At least we'll have a hotel to go to

2 for one dinners

 

[Napoleon Dynamite]

Because the club would be left with no visible income stream to cover its overheads....unless Donald was putting in a wedge to fund the losses which speculation suggests he isn’t

We don’t know how much he has to put in though, no debt and getting rid of players high wages

 

[lozza]

Ah thought that was Ellis arriving not leaving

think he said

Ah thought that was Ellis arriving not leaving

conway says he was standing outside the efl headquarters then who should emerge through the doors ellis short, i presumed from that he was leaving as conway started firing questions at him, could be wrong like

 

[Rober33]

What I’m saying is the payments would have to go to the football club. They wouldn’t go to a third party. But if SBC have got first charge through a legal document then that is another matter. But we don’t know for sure if SBC have.

There was documentation showing that TV payments from the PL had been signed over to SBC to cover the debt. It's irrelevant if they've been paid off though.

 

[Dilligaf60]

I'm listening to Doris Day singing " Que Sera, Sera", I'm chilled, some on here should listen to it.

Sound advice. Nee good getting vexed about it. Won't change a thing.

 

[Pepe]

Ellis Short doesn't speak to a reporter about an ongoing deal and all bets are off?

 

[Nelson!]

Has anyone on here ever followed this process at another club? Are meetings with the EFL par for the course? I'm sure there's probably a similarly hysterical thread on the fan sites of Forest, Fulham, Brum etc...just wondering if we are getting ourselves worked up over a boring, drama-free, bureaucratic process.

 

[Mackem Tommy]

Has anyone on here ever followed this process at another club? Are meetings with the EFL par for the course? I'm sure there's probably a similarly hysterical thread on the fan sites of Forest, Fulham, Brum etc...just wondering if we are getting ourselves worked up over a boring, drama-free, bureaucratic process.

Getting yourself worked up about a process you know nothing about is complete madness. That much should be obvious.

I don't mean you personally, obviously.

 

[Grumpy Old Man]

What I’m saying is the payments would have to go to the football club. They wouldn’t go to a third party. But if SBC have got first charge through a legal document then that is another matter. But we don’t know for sure if SBC have.

There is a deed of assignment as part of the loan security. However, they can't take the payments before they fall due. If Short has cleared all the debt, then the deed of assignment will disappear with it. It could only be applied if the SBC loan is still in place after completion, and Short has only written off the intra-group loans. Even then, it would be very much a last resort measure by SBC if they felt the loan was irrecoverable by any other means. It's inconceivable, given the materiality of this loan, that it won't be dealt with fully in the purchase agreement.

 

[Johnnyh]

There was documentation showing that TV payments from the PL had been signed over to SBC to cover the debt. It's irrelevant if they've been paid off though.

Trouble is we aren’t privy to what’s definitely happened with the SBC debt. Did Short pay it off when the media said he’d cleared all the debt. If he did the parachute payments would have to go to SAFC. Surely the consortium would have agreed all this when a deal was struck. The mind boggles.

 

[Billy Batts]

ITHICS