Significant investment by FPP has been made

[Mary Hinge]

The $4m?

 

[tonyfromalnwick]

FPP Sunderland are, Methven said, ‘investing in our management of the club’.

If they are relying on Donald and Methven managing the club, they are wasting their investment.

 

[phunboy]

this has cleared fuck all up

Well at least we know that we are not skint

 

[Mallard]

Never heard of Martin Hardy - is he reliable?

i think he is George Caulkins replacement

 

[Scotsmackem]

Well considering they haven't got a pot to piss in I don't see how they repay a 10m loan with interest in league one

Wild guess it is then

 

[Chizno1]

no safc moeny sits in amdrox..the para money-for the billionth time-wne to pay SBC..a debt owed to by sunderland-not the owners..the this money will be going into safc like the para money did..

That is not true though. See below for a direct quote from Donald on the issue;

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'Ellis Short has written off all of the personal debts and almost all of the bank debt, around £25m still existed at the time of the deal. There could be any number of reasons he wanted to do it that way and none of them really matter to the club so let’s leave that to one side.

He agreed that, as he received his slices of the £40m, he’d pay off that remaining £25m. He has, we learned last night, received £15m of his £40m and so the bank debt will now stand at approximately £10m, when he next receives a chunk of money from Stewart Donald, the bank debt will fall again until the bank is owed nothing. We learned that all of this happens over the next 18 months.'

'Stewart explained to us “If I do not make those payments (the bank) has a charge on the Academy and also the bank account. Ellis has taken all the debt and paid it out apart from a portion which he has left outstanding owed by him rather than the club… (he has) reassigned that debt from the club to him personally. He is then paying that off as I pay him. Any interest accruing is Ellis’ issue not the club’s.”'

 

[stevo]

Would you rather FPP had walked away like?

Spot on mate,i said before on here some are not happy being happy

 

[SuperKevsLeftBoot]

Why would someone put money into a club and not take a share? What do they get out of it. I don’t get it

 

[freethewearsideone]

This board is ridiculous. Waiting for Investment. Straight away its slagging it off. FFS Im done

 

[houghton cut head]

So it’s a loan

What difference does it make, what ever they put in they will want beck eventually, its not gift aid

 

[weebil64]

This board is ridiculous. Waiting for Investment. Straight away its slagging it off. FFS Im done

Bye then.

 

[Lewberry pie]

Why would someone put money into a club and not take a share? What do they get out of it. I don’t get it

They'll have the money secured against capital, either buildings or shares.

 

[gipetto]

Sounds positive, but the shareholding remains the same, which isn't very positive considering how bad things currently are.

Is Coton the right man to be setting up our recruitment network based on the decisions made so far?

 

[houghton cut head]

Just you wait until the monorail rolls in

The Mags will be clamouring to "take it" and take pics on their furns

 

[gipetto]

Why would someone put money into a club and not take a share? What do they get out of it. I don’t get it

I'm thinking the same, seems really odd.

 

[SAFC Wilks]

Why would someone put money into a club and not take a share? What do they get out of it. I don’t get it

They’re MLF.

 

[wigwams]

I'm thinking the same, seems really odd.

Which is why there'll be far more to it than that. Give it a chance. Only been out there for an hour

 

[Steesafc]

Haway the Americans

 

[Banks]

Why would someone put money into a club and not take a share? What do they get out of it. I don’t get it

Obviously a guess but a way of purchasing something for 12m instead of 50?

 

[Starborst]

This is great stuff guys. We can be back in the Prem within 7-years now! Thanks to both Charlie and Stewart!