"investment" confirmed as a loan

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stevo said:
Exactly,Gom did lay it out and that should have shut this thread down .GOM IS NOT WORRIED ABOUT THIS AT ALL. Also how do you propose to stop playing happy families
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not worried about the loan is fair enough

CM said a few days ago
"The arrangements between FPP and MADROX - which is Stewart, mine and Juan Sartori’s holding company - are entirely private.

"They have no financial connection with Sunderland AFC and that’s the way it will stay."

that isn’t the case
 
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stevo said:
Exactly,Gom did lay it out and that should have shut this thread down .GOM IS NOT WORRIED ABOUT THIS AT ALL. Also how do you propose to stop playing happy families
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GOM is great at reading and translating data but, imo, he always tends to look favorably at the actions/intentions of the owners. It was the same when Short was here.

Him not being concerned could be that he's not viewing things cynically enough because he'd rather assume the best.
 
Charlie Methven said: said:
It's not a loan (paraphrased
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Mboma said:
They may share something yet and they may not but people making stuff up on here isn't helping either.

Both parties took what seemed a long time to reach a deal, there is a deal and we've just got 10 million, be it in the form of loan/investment/good will...or anything else anyone would like to call it, why is this seen as being a bad thing straight off the bat?.

I'll just wait and see mate before blowing my top because someone who has no idea how these things work tells me on a forum that it's all fucked.
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Who's making stuff up? There is a factual document which is being interpreted and opinion being offered. They did indeed take a long time to reach a deal to loan the club money (let's at least call it what it is), if we're being generous we'd perhaps call it an investment loan. As has been said all throughout this thread, it could of course be a good thing, but it could also be a bad thing, depending on your view of the availability information.

I don't think anyone has really blown their gasket over it either. It's just disappointing, as we'd all bought into the ideal of Donald and Methven, however over the course of time, took on face value their assurances, yet their creativity with the truth has bitten them on the backside, this is not the first time. I personally, will take everything they say with a pinch of salt moving forwards.
 
Mboma said:
They may share something yet and they may not but people making stuff up on here isn't helping either.

Both parties took what seemed a long time to reach a deal, there is a deal and we've just got 10 million, be it in the form of loan/investment/good will...or anything else anyone would like to call it, why is this seen as being a bad thing straight off the bat?.

I'll just wait and see mate before blowing my top because someone who has no idea how these things work tells me on a forum that it's all fucked.
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I think it's a great deal all round mate and applaud the owners for making it happen.

It’s the half truths or lies they've spun that are more concerning.... and for no apparent reason.
 
Black Cat Gypsy said:
Did any of their owners promise to be open and transparent? Did they do a vanishing act when things got tough?

Also, read up about the history of Barca and you see their fans hold them up to the same regard as politicians. Liverpool were lied to by the last set of Yanks who owned club. And Man City had their fair share of liars running the club.
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Mate, there was a time when many on here were giving him shit for saying too much....you cant have it both ways man.

Don't know why I need to read up about the history of teams fans, that was the point I was making....we're no different, you'd have to be a total child to think that any business or club in any sport runs on complete and utter truth.

I'd happily put up with Charlie spinning the odd tale if the club is heading in the right direction, if that doesn't happen (looking likely) then he'll be out of a job and the Americans will employ someone to tell the fans a load of guff.

They just need to sort the football out and then no one will give a flying fuck about all this bollocks....you included.
 
123SunTan said:
In fairness to our (three) co-owners, would MSD have bought us 18 months ago? They deserve some credit for bringing the non-pitch side to the point that very well heeled Americans believe they can invest and take us back up to the Premier League.
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Clearly, this project is more problematic than Donald’s original business plan.
 
Gaz said:
not worried about the loan is fair enough

CM said a few days ago
"The arrangements between FPP and MADROX - which is Stewart, mine and Juan Sartori’s holding company - are entirely private.

"They have no financial connection with Sunderland AFC and that’s the way it will stay."

that isn’t the case
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So, untrue and condescending. He's not very good at PR, what other "talents" does he have?
 
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Grumpy Old Man said:
Theree's a clause in the charge document that gives them the right to convert the entire loan to shares in Madrox. That wuld give them 99.999% of Madrox, which owns 100% of Sunderland.
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but madrox wouldnt want to let the club go for that amount so will surely its in their best interests to repay the loan
 
Nelson! said:
GOM is great at reading and translating data but, imo, he always tends to look favorably at the actions/intentions of the owners. It was the same when Short was here.

Him not being concerned could be that he's not viewing things cynically enough because he'd rather assume the best.
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Or you could just be cynical for the sake of it. GOM obviously knows his stuff so I'd value his view over anybody's on here over things like this tbh.
 
Grumpy Old Man said:
Theree's a clause in the charge document that gives them the right to convert the entire loan to shares in Madrox. That wuld give them 99.999% of Madrox, which owns 100% of Sunderland.
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Sorry if you've covered this and I've missed it, but do you see any rational reason for Methven to mislead fans as to the loan being connected to SAFC?

It clearly is and he should have known he would get this response just days later. Or did he think we'd all be too blinded by his PR genius to question it?
 
KGC83 said:
These blokes bought a debt free club purely to flip it for a profit once we were meant to get promoted first time of asking. This is all starting to look very worrying.
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If it were that easy, there would've been a que of people looking at it. Nobody else wanted to buy it then... mostly bec of the press attention and fans abuse. Same reasons nobody wants to buy it now...
 
one armed boxer said:
Exactly what I said. I think they either genuinely believe he’s the right man or he’s cheap!
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Hes cheap and got sides with a lot less ambition and infrastructure than ours promoted....its quite easy to see why he would have been in the running.

The other potential managers must have given piss poor interviews or wanted a lot more than Parkinson for him to get the job tho.
 
Billy Batts said:
Or you could just be cynical for the sake of it. GOM obviously knows his stuff so I'd value his view over anybody's on here over things like this tbh.
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It would help my cynicism if they stopped being so economical with the truth whenever they get questioned even remotely about the finances.
 
here's a thought for @Grumpy Old Man

Charlie said the following

"The arrangements between FPP and MADROX - which is Stewart, mine and Juan Sartori’s holding company - are entirely private.

"They have no financial connection with Sunderland AFC and that’s the way it will stay."

does that mean that actually this isn't a loan to the club as a whole and only some of that money (fix the lift and speakers) will be made available to the club?

Madrox could in theory spend that how they wish on any other venture???
 
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