‘The real story of the takeover’

[Jasper]

Sunderland are 3 days from Wembley - why the f**k are we all talking about financial uncertainties?

 

[janey]

Sunderland are 3 days from Wembley - why the f**k are we all talking about financial uncertainties?

Regardless of your views and opinions I think we can blame the Daily Mail for that.

 

[sksk3021]

well it can be all of those three? used a s agarubntee-then paid. and that was £15m..with the other £25m to pay debts.
stewrat has clarified it-read his twitter. this article gets very basic facts wrong-facts that are, like the best facts, proven.


he has clarified it. its on his twitter

But it’s in contradiction to things that have been said previously that’s the issue.

I read it as they have paid £15m plus £25m which Madrox are going to pay back in over time. So the £25m is essentially a loan to the owners but it’s not clear.

 

[janey]

the story forgest the mention a 20 per cent shareholder..


its not libeloous-they are too clever for that-but it is wildly inaccurate-which isnt the same thing as libellous..

If I was Connor Bromley I’d be taking advice about the suggestion he only got his job to basically shut them up

 

[Grumpy Old Man]

There was uproar at the rumours he was paying for it using parachute payments. In the earlier podcasts it was said that the parachute payments had been ring fenced as security if Donald couldn’t pay short.

I’d be disappointed if they have gone straight to SBC. That money is vital to us getting back. It’s the only thing that gives us an advantage over the other sides.

That said that article is terribly written and the author clearly has an agenda so I’m taking it with a pinch of salt. Sure Donald will have something to say

SBC has a pre-existing asssignment of PL money anyway. Short's security was over parachute payments to be received subsequent to that £25m, ie the remainder of the 2018/19 payment, and the 2019/20 payment.

 

[samaistonsrightfoot]

It’s theirs to do what they want with it regarding club affairs , they own the club

It's the clubs and they can do what they want with it for the club. The clubs money isn't theirs to do whatever they want with it though.

 

[kildaremackem]

But it’s in contradiction to things that have been said previously that’s the issue.

I read it as they have paid £15m plus £25m which Madrox are going to pay back in over time. So the £25m is essentially a loan to the owners but it’s not clear.

i think its £40m they are going to pay back..but yes its a loan to the owners..as i say the article is so inaccurate and ignores basic facts its hard to take it seriously..

 

[chriswallace85]

I don't think you know what sycophant means you prejudiced little man.

I reckon I kna better than you ya witless twerp.

 

[Keawyeds]

The real story of Sunderland's takeover... Donald and Methven could pocket £40m by selling again | Daily Mail Online

Four journalists and I’m pretty sure all of this is already in the public domain but there you go. Totally understand if you don’t want to click on a Mail link.

Here's a hot take.
Fuck the Daily Mail and anyone trying to undermine the club, and all the good SD and CM et al have done in their short time here.

 

[kildaremackem]

But it’s in contradiction to things that have been said previously that’s the issue.

I read it as they have paid £15m plus £25m which Madrox are going to pay back in over time. So the £25m is essentially a loan to the owners but it’s not clear.

the £25m is a loan to the owners-but not to buy the club-instead its to pay sbc..and the owners will then put that in..

 

[offmenut]

I reckon I kna better than you ya witless twerp.

don't use big words you don't understand
f***ing hell, brilliant. That'll have prejudiced southerners calling you a thick northerner.

 

[Tonton Zola Moukoko]

SD is going to make money if and when he sells up. Some people need to get their heads around that. Take an ailing business, turn it around and sell it for more than you paid. Happens all over the country every day.

 

[bugman]

eh? they always do that..if thhe leader is foreign..

I think their bias towards the right superceeds their negative attitudes towards people from outside the UK. I’m certain if Sartori was as on the left he’d be mentioned in this

I’d go one step further and suggest that this article wouldn’t of surfaced at this time if it were Charlton, a popular London club. But I have a strong dislike for The Mail

eh? they always do that..if thhe leader is foreign..

 

[samaistonsrightfoot]

Hope is a twat. We all knew that anyway. Not sure why another reporter is getting involved as well with him mind. Seems an increasing number of reporters are turning against him though for whatever reason.

Sour grapes because he speaks to fans podcasts etc and not them?

 

[Abu Dhabi Red and White]

SD is going to make money if and when he sells up. Some people need to get their heads around that. Take an ailing business, turn it around and sell it for more than you paid. Happens all over the country every day.

That isn't the issue for me. I do though take SD at his word that he will remain for quite a while - hopefully, in a controlling position.
I'd also like Juan to come clean - is he going to invest more or not?

 

[Bigfoot]

Daily Mail editor is one Geordie Greig. Unless his middle name is gravy I don't know how much more mag you can get.

He's from that London apparently

 

[Shack]

The article is complete spin. Thank God for Grumpy simplifying the actual details. The issue is most people have no clue on how businesses work when it comes to moving money around. I read the first ten pages if this and gave up, people just want to moan off the back of an article with the intent to move focus away from Sunday. Call the reporter out to provide his evidence rather that believe all the things he's supposedly seen.

 

[Napoleon Dynamite]

I reckon I kna better than you ya witless twerp.

‘Twerp’

What a word that is mind

 

[The Cabbage]

And this is the crux, just think what that £35 million could have done if invested in the playing staff?

Why would we want to do that? £35m invested in playing staff at league 1 level - Christ, even at champ level - would create a financially unsustainable club. Plus this goes back to the fundamental problem that most football fans have trouble with understanding these days. Investment is not a gift. Any money that is put into a club comes out of it at some point down the line. If Donald puts £35m into Safc, his asking price goes up by a commensurate amount. If he bladders £35m on players in league one that simply becomes £35m that he - or any future owner - can’t spend further up the pyramid.

 

[samaistonsrightfoot]

But it’s in contradiction to things that have been said previously that’s the issue.

I read it as they have paid £15m plus £25m which Madrox are going to pay back in over time. So the £25m is essentially a loan to the owners but it’s not clear.

It sounds to me they've paid 15 million to Short, then loaned themselves 9.6 back from that (which is what the missing 10 mill is) and Madrox is going to pay that back and it reflects in the accounts. Then have to pay 25 million to SBC from para payments.

I do suspect if Donald hadn't taken a twitter break when asked about the 10 million there wouldn't really need to be a couple of journalists deciding to dig around to find out and break the news, somewhat amateurly, themselves.