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SAFC Takeover Latest

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As You Were said:
Excuse my ignorance and i’m not doubting GOM posts and i’m grateful for them but I thought over a week ago it was just a case of the FA giving us the all clear?? Surely if there is issues with due diligence then we aren’t as advanced with the takeover as we thought?
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If what GoM / Reiver are saying is correct, this is not at odds with the previous statement that we were waiting for FA/Football league approval.

From my understanding of what has been said, it’s not issues with the due diligence that’s holding things up, it’s the fact that they want to implement solutions to the issues that were identified, before they conclude the deal.
 
The Cabbage said:
Got to say that I really dislike this line about them not lying about needing investment. There is absolutely no way that Sunderland afc needed investment to get out of league one. What it needed was a proper plan. If Donald and his regime had made sensible football decisions through his tenure we would have been up without the need for outside help. The fact that we aren’t going up without the intervention of a group of billionaires is a massive mark against his ability to run a football club.
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oh aye, he made mistakes as he (imho) needed to be promoted first time of asking which is when sartori would have been needed, the main part of the process we could say was a success as cost cutting was vitally important in getting the club running on a more even keel, maybe this took up more of his time than he intended (alvarez situation, etc) but having a competent manager/coach in place with the squad we had should have seen promotion.
 
Grumpy Old Man said:
Americans are about solutions, not problems. They want to implement solutions to historic problems before the announcement. More explicitly, if there's to be a media event, they don't want anyone at it who's going to be history a few days later. To be honest, I think that they should just scrub any media event, simply say they've bought the shares and crack on with what looks like being a purge of epic proportions.
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Purge of epic proportions?

In your opinion, and this is only your opinion (won’t hold you to it ;)) is there a likely clear out of staff (manager, coaches, academy, scouting) and a thorough overhaul out in place?

Again not taking this as gospel, but just interested to hear what your take on it all might be. You’re a million times more knowledgeable than me on all of this :lol:
 
G Force said:
Purge of epic proportions?

In your opinion, and this is only your opinion (won’t hold you to it ;)) is there a likely clear out of staff (manager, coaches, academy, scouting) and a thorough overhaul out in place?

Again not taking this as gospel, but just interested to hear what your take on it all might be. You’re a million times more knowledgeable than me on all of this :lol:
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No-one is safe, in the football, or any other, department. It's not just the playing side that will be overhauled.
 
I was part of a team selling a business at the end of 2017 in a very similar transaction to this but for over 20 times this value. All terms, price etc were agreed and all the buyer needed was to complete due diligence and get FCA approval. They got FCA approval, due diligence completed but they found some things in DD they believed affected the price (only by 5% or so) but both sides refused to budge and the deal fell through. This deal is not complete if they are negotiating DD findings or trying to agree packages with existing shareholders who they want to exit or change the role of. It can sometimes just come down to Egos
 
barneythecat said:
I was part of a team selling a business at the end of 2017 in a very similar transaction to this but for over 20 times this value. All terms, price etc were agreed and all the buyer needed was to complete due diligence and get FCA approval. They got FCA approval, due diligence completed but they found some things in DD they believed affected the price (only by 5% or so) but both sides refused to budge and the deal fell through. This deal is not complete if they are negotiating DD findings or trying to agree packages with existing shareholders who they want to exit or change the role of. It can sometimes just come down to Egos
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I hear what you're saying, and suggestions of last-minute price adjustments would make me twitchy. However, Donald knows that, in terms of what it means for the club going forward, he'll never get another offer as good as this one. If he lets it fall by being over stubborn, his reputation with the supporters will be shot to pieces. As he owns 80% of Madrox, the decision is his; the other two don't own enough shares to make a difference. He'll take any deal that lets him cover what he's put in, and hope for profits in future. The Americans are very much in the driving seat here; there's no indications of them wanting to walk away, so I think this will go through.
 
Tin Soldier said:
So this could fail if our current owners become greedy !?
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Seems like it could, but if it's only Donald who really has a say then I don't think it will! He knows what an opportunity this is for the club, and whatever you think of him I don't think there's any reason to think he doesn't have the best interest of the club at heart. Equally it'll be a way to ensure he at least gets his money back, currently the way we're going he'll likely need to invest more just to get us out of league one, nevermind the championship. If we don't go up this year our financial position changes again, he'll know this is the safe option. Plus, if he can keep some shares, he knows this group might be able to get us competitive in the top flight at which point (depending on how much he keeps) he might make a canny profit. I'd be amazed if Donald haggles over what would likely be a couple of million and ends up f***ing it up, getting this completed, to these buyers, seems his best option as much as it is ours
 
This club is a f***ing joke like, nothing is ever simple, and this takeover dragging on is the perfect excuse to keep the inept manager on. The season will effectively be over soon. Shambolic.
 
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