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The Times - Donald - Loans

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HarrogateMackem said:
Weird how this directly contradicts what our owner is saying. One of them is lying, I instinctively believe the owner (why buy the club if you can't afford it within a month) but also why would the press hate us so much to lie about it? A strange one.
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I don’t see why ‘the press’ would lie about us. You get some daft stories but a Times journalist has put his name to this one. There must be some belief or basis that is true for the story to be published
 

nz joe said:
Donald did mention a bit of a hole in the finances due to money being due over the Alvarez debacle . Another 5M now due that they apparently were unaware of . He mentioned they were discussing it with Short . He also said the 20M on player payments was due soon ,so it may be related to this.
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It could be, however I suspect someone who isn’t happy with the club has pushed the story to the papers. Donald will deny it today and it will be forgotten about.

I’d expect to see more of these undermining stories in the forthcoming weeks.
 
The Rat said:
Worrying.

Sunderland are facing cash-flow problems only one month after Stewart Donald's takeover of the club, with the new owner speaking to seven financiers about securing loans to help kick-start his regime.

What the fuck?

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Are you Mackem Martin?
 
Hank Scorpio said:
It’s almost like our new owner has upset people.
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"The Times" is another Murdoch owned rag that he has reduced to a shadow of its former self. So far Donald has had disagreements with the Sun (Murdoch owned) and TalkSport (Murdoch owned). Can anyone spot a pattern here?
 
Angelos said:
I don’t see why ‘the press’ would lie about us. You get some daft stories but a Times journalist has put his name to this one. There must be some belief or basis that is true for the story to be published
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The story would have come from one of numerous sources that have issues with the club - especially after Donald’s comments yesterday.
 
The Rat said:
Worrying.

Sunderland are facing cash-flow problems only one month after Stewart Donald's takeover of the club, with the new owner speaking to seven financiers about securing loans to help kick-start his regime.

What the fuck?

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Is he borrowing from Satori at cheap rates? As we haven't yet raised cash from sales, we need money now to buy new players while they are available. Makes sense to me.
 
seggaman said:
Is he borrowing from Satori at cheap rates? As we haven't yet raised cash from sales, we need money now to buy new players while they are available. Makes sense to me.
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It could always be crap from an agent to try and generate negative publicity as well mind.
 
Admittedly I'm not an accountant but surely people understand cash flow and its importance? Also, do people think Donald is sat there with £25m sloshing about in his Club Lloyds account?
 
I've skimmed this thread but has anyone posted or read the full article? As obvs I'm not subscribing to the Times.

The headline in sensationalist....as is the strap line.

The 1st paragraph then says simply he's been offered investment, which is what he said last night.
1st para doesn't say how or why or IF he's actually actively trying to get funding now.

So what does the rest say?

Sounds like sensationalist article to me.
 
Have to defend the OP here. He talks a fair amount of shite, but taking pelters from people for posting an article on our finances, by the paper of national f***ing record FFS, is absurd. Shows a dangerous, happy-clappy groupthink to me: everyone has drunk the Donald kool-aid and has suspended their critical faculties.

As for suggesting it's a smear story - this is the f***ing Times. It's almost certainly true.

The other reason why I think that mind, is that there's absolutely nothing worrying or remarkable about Donald needing a loan. As the article makes clear, our finances are in a good place long-term: the loan would be for a short-term cashflow crisis. Given Donald is hardly wealthy, in football ownership terms, and the nature of the deal he struck with Short, this too is not surprising - we still have crippling running costs, not least the midfielder who should not be named.

The loan is fine: don't shit the bed. If there is a mismatch between Donald's populist statements and his reported actions, it's the statements that are suspect to me. For me, he comes across as a financially competent man, but someone who is irredeemly desperate to people please in the fan media, inevitably leading to bluster if not shitehawkery. Doesn't mean he can't run the club well.

seggaman said:
Is he borrowing from Satori at cheap rates? As we haven't yet raised cash from sales, we need money now to buy new players while they are available. Makes sense to me.
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Aye, exactly. It makes sense.

Maxie said:
I've skimmed this thread but has anyone posted or read the full article? As obvs I'm not subscribing to the Times.

The headline in sensationalist....as is the strap line.

The 1st paragraph then says simply he's been offered investment, which is what he said last night.
1st para doesn't say how or why or IF he's actually actively trying to get funding now.

So what does the rest say?

Sounds like sensationalist article to me.
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He's applied for loans, we have a short-term cash crisis and he wants to get the club moving forward with new players. But long-term outlook surprisingly good because - which may be news to Times readers but is not to us - Short has cleared the debts. Not really a sensationalist article at all.
 
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