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The Times - Donald - Loans

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nordic said:
This is click bait of the highest order designed to get people to pay to see the whole article and it looks like it’s working. He’s also published another article on villa today about how the must pay £2m today.
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Matt Hughes is a respected journalist on football finances. He doesn’t write for clickbait. I got banned for copy and pasting a full Times article before yet it seems to be ok today!
 

Jonny said:
Seems a strange thing to do after giving an interview banging on about self sufficiency and saying we won't have an overdraft!
Even more so when you have just brought in a billionaire who owns 20% of the club.
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Is the writer a mag ?
If it was true I think he might have mentioned it on podcast ?
 
Dons twitter

'I have talked to the Echo and the Chronicle this morning so they have the accurate picture and then I can update the fans further in a couple of weeks. I think the article should be self explanatory hopefully. No need to panic '
 
Whatever... you can’t take control of a football club go through the process and the EFL process and not prove you have the money to run and sustain the club.. he had to do this not say ohh it’s alright I’ll get a loan everything he is adamant we will steer clear from
 
so they're looking for a short term loan. hmm...why? 2 of the 3 of them are millionaires. I assume they don't want to pay the 20m for the outgoing transfers
 
Shitehawk journos not being able to find anything of substance so making it up. Well there’s a surprise.
 
Dilligaf60 said:
Shitehawk journos not being able to find anything of substance so making it up. Well there’s a surprise.
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Doesn’t seem that way mate.

#SAFC hierarchy are exploring possibility of a short-term loan to put the club in 'strongest position possible'. But hopeful it won't come to that.
 
You realise you don't have to take a strong position either way on something IMMEDIATELY right?

Just see how it pans out when more details emerge...
 
nilid69 said:
This article says nothing, from the small amount we can see without paying them to read on.

"Sunderland may tackle cash-flow issue with loans"

A journalist writing may can instantly be assumed to know fuck all about the situation. Yes, we may. We may equally tackle cash-flow issues with a pork-pie. Pointless drivel.

Only a little further down the shite journo reveals the degree of bullshit he's had to pile up to get his wanky non-committal headline out.

"The Times understands that Donald has been offered loans of £8 million... but has yet to reach an agreement with any would-be lenders. "

We're in such dire straights that lenders are OFFERING us money, but we HAVE NOT reached an agreement with them? This is the exact opposite of concerning.

The article could just as easily be headlined 'Sunderland may continue to reject any bad financial deals they're offered' but that wouldn't have made you twist. We've been clickbaited.
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Donald also said there has been loads of people/groups interested in investing in SAFC. He could still sell of 25% of his share for around £8 million if he wanted or even ask for more. The fact he hasn't suggests he has clear plan for the club.
 
Nelson! said:
I'd expect a lot more of these articles trying to undermine the club over the next little while. Presumably planted by agents and the like who are in a huff that he's not just caving in and is actually calling them out for what they are.

I trust we're in good hands.
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This ^ the media are pissed off because they are finally getting the rubber lug from the club, and being pulled up when they print shite. Agents are getting pissed off because they are getting their arses handed to them. Brilliant, and not before time. There was always going to be a backlash and this is just the start of it. Fuck em, bring it on, I think a lot of them have underestimated Donald.

Daylight said:
It’s not.
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How so ? Please explain. I haven’t been through the full thread.
 
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Mackemansj1 said:
Doesn’t seem that way mate.

#SAFC hierarchy are exploring possibility of a short-term loan to put the club in 'strongest position possible'. But hopeful it won't come to that.
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Where did that come from marra, I’m still working my way trough the thread.
Edit, just seen your post. Cheers.
 
Debt is natural for a business. The overwhelming majority of businesses rely on debt to get by.

Even the debt under the previous ownership wasn’t necessarily going to cripple the club.

People need to understand that debt isn’t a bad thing. It’s entirely natural.

I dare say the parachute payments will broadly be ringfenced for monies the club still owe on transfers etc. Whilst the likes of Rodwell and Cattermole are on the books with astronomical wages for a League 1 club, the club will need to obtain money from somewhere to operate on a day to day basis.
 
Cappuccino Kid said:
Debt is natural for a business. The overwhelming majority of businesses rely on debt to get by.

Even the debt under the previous ownership wasn’t necessarily going to cripple the club.

People need to understand that debt isn’t a bad thing. It’s entirely natural.

I dare say the parachute payments will broadly be ringfenced for monies the club still owe on transfers etc. Whilst the likes of Rodwell and Cattermole are on the books with astronomical wages for a League 1 club, the club will need to obtain money from somewhere to operate on a day to day basis.
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Agree with most but the debt from previous owner the way it was compounding would have been catastrophic.
 
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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It is to be expected. We are a business with a helluva lot going out compared to what is coming in. However the new owners will have known from day 1 this would be the case and all plans would have built in substantial initial cash flow problems while we have such big earners on the books.
 
Mackemansj1 said:
In summary, the crux of the article is correct, however it’s just in case given the new money owed in the alves case. However short maybe paying some or all that fee.
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So not really as dramatic as the headline then. And more or less what Donald discussed in the podcast. Best go and wring me hoggers out. Clean on last Sunday anarl.
 
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