Significant investment by FPP has been made

[kildaremackem]

Is Coton not part of the recruitment team that needs overhauling?

they dont think so...they obviously think he has done a good job in terrible circumstances..

 

[iansun]

Long ago. He now writes for The Times and The Sunday Times.

Ah right I just remember him from the Sunday sun, like you say it was a few year ago since we bought it.

 

[Teed]

Back in debt again then.

 

[kildaremackem]

For no shares in return? Sounds like a loan.

convertible loan yes...as was widely reported..

Back in debt again then.

nope. safc is not the borrower..madrox is..

 

[TheSunderland]

You certainly waited and seed before you joined the board like

Ita obviously good news rather than nothing. Just be good for some clarity!

 

[Guinness Guzzler]

No, they've invested.

I think a lot of us laymen will be confused mind! I always thought an investment meant you took shares for your money. If you just give money and possibly get paid money (plus interest) back it's a loan, isn't it? God knows, too complicated for me, just hope the club releases something that clears it up a bit. Certainly not bad news anyway!

 

[ChrisAshley]

They've gave the money to Madrox, does that mean it's them with the debt or is it still the clubs debt?

 

[KNGHTHOOD]

Sunderland Association Football Club wont see any of it then

Hasn't took long for the negatives in a positive story.

 

[AB22 Easy Tiger]

Back in debt again then.

Nope, the investment is in SD's company, not SAFC

 

[Wardley Makem]

What I find really interesting, is that Juan still involved and his involvement will be increasing. Don't forget he is a wealthy man wil a lot of football connections.

 

[Teed]

convertible loan yes...as was widely reported..

nope. safc is not the borrower..madrox is..

What is Madrox ?

 

[kildaremackem]

I think a lot of us laymen will be confused mind! I always thought an investment meant you took shares for your money. If you just give money and possibly get paid money (plus interest) back it's a loan, isn't it? God knows, too complicated for me, just hope the club releases something that clears it up a bit. Certainly not bad news anyway!

depends if the loan is convertible into shares at a later date..so

 

[Deleted member 26022]

Season card payments tomorrow.

Good timing.

 

[Perryqhill]

so we've basically tried to pass off what's probably a loan as an investment?

It was always investment and it looks like at first it's in the holding company.

Why would these guys have gone public and appeared at games just for a loan where there's absolutely no involvement?

We could have got an loan from almost anywhere give the club is sound financially again.

 

[kildaremackem]

They've gave the money to Madrox, does that mean it's them with the debt or is it still the clubs debt?

madrox debt..not safcs...

 

[Liverpool Beachball]

they dont think so...they obviously think he has done a good job in terrible circumstances..

What terrible circumstances? Having to find a £3 million striker?

 

[AB22 Easy Tiger]

What is Madrox ?

That's Stewart Donald's company

 

[Teed]

Nope, the investment is in SD's company, not SAFC

Right, waste of time then.

 

[ChrisAshley]

madrox debt..not safcs...

Fair enough then, nothing to worry about there.

 

[Far Tibetan Mountain]

Don't understand how investment works then?

Enough to know that if they haven't received any shares in the company then they need some other consideration for the investment.