RAWA Questions For The Club/Owners

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Can you ask methven how they plan to pay back the loan to the americans now that parachute payments have stopped and we dont have any particularly valuable assets on the playing side?
 
Why did Methven say the investment was nothing to do with the club when in reality it was nothing more than a loan secured on the club’s assets?

Why did he insist it was an investment and not a loan?

Why did the Americans refuse to invest, instead choosing to just lend us the money instead?

If we are in such a good financial state why do we need a £9 million loan for basic infrastructure repairs?

If we needed a loan why did we not simply go to a bank?
 
Stuart Donald’s come out of hiding to appear on Total Sport.

Hopefully this bodes well to get him to a RAWA event.
 
CLENK88 said:
I’m not holding my breath mate.
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Find out when we see the mins of said meeting, but remember this without RAWA, and stuff like this,communication wise it can be a lot worse, as i have said previously a lot of credit should go to RAWA and Ghandi, for being the voice of fans. and also a lot of credit for the work that's been done both with the foodbanks and other things, all because of that organisation and its members
 
@Ghandi Floss

Can you please try and get some more detail on this 20 million he said he has put in?

- When was it put in? I'm guessing it must have been after the summer as last RAWA meeting Methven didn't mention it and also said the 10 million that was took out wouldn't be put back in
- Why was it put in? (we have the best finances in the football league and are nearly breaking even etc etc)
- Is it 20 million on top of the 10 that was took out or has the 10 million been paid back as part of that?
- What was the close brothers loan for if 20 million was being invested?
- What has it actually been spent on? If we were already close to breaking even then this will put us well in profit?
- If he's just invested 20 million then why do we need a further 10 million loan to fix a lift/stadium roof

- Is all this investment going to cause issues with wages and SCMP next season? Has our wage budget become reliant owner/director generated turnover?, especially with the end of the para payments?

Not a lot of it adds up tbh.

Edit: Can you also ask them to sign off the minutes quickly instead of taking months like the last time?
 
samaistonsrightfoot said:
@Ghandi Floss

Can you please try and get some more detail on this 20 million he said he has put in?

- When was it put in? I'm guessing it must have been after the summer as last RAWA meeting Methven didn't mention it and also said the 10 million that was took out wouldn't be put back in
- Why was it put in? (we have the best finances in the football league and are nearly breaking even etc etc)
- Is it 20 million on top of the 10 that was took out or has the 10 million been paid back as part of that?
- What was the close brothers loan for if 20 million was being invested?
- What has it actually been spent on? If we were already close to breaking even then this will put us well in profit?
- If he's just invested 20 million then why do we need a further 10 million loan to fix a lift/stadium roof

- Is all this investment going to cause issues with wages and SCMP next season? Has our wage budget become reliant owner/director generated turnover?, especially with the end of the para payments?

Not a lot of it adds up tbh.

Edit: Can you also ask them to sign off the minutes quickly instead of taking months like the last time?
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The £20m went to Madrox, not to the club. £!5m of that went to Short in payment for the shares, suggesting £5m of the 2018/19 parachute has now come back into the club.
 
samaistonsrightfoot said:
15 for the original payment from 18 month ago?
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Short was always going to be paid in instalments. Madrox's 2018 accounts show it owing £5m to Donald then. The remaining £10m was paid during 2018/19, and Short's charges on the ground (oh, that sounds familiar) were dropped in April, which gives us a pretty good indication of when the final instalment was paid. He's already said he'd put some money into the club in the course of last season. That, presumably, is the other £5m.
 
Grumpy Old Man said:
Short was always going to be paid in instalments. Madrox's 2018 accounts show it owing £5m to Donald then. The remaining £10m was paid during 2018/19, and Short's charges on the ground (oh, that sounds familiar) were dropped in April, which gives us a pretty good indication of when the final instalment was paid. He's already said he'd put some money into the club in the course of last season. That, presumably, is the other £5m.
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So when he says he's put 20 million into Madrox, that he will lose if they default, what he really means is he's paid Short what he agreed to pay him and put 5 million pounds extra in?
 
samaistonsrightfoot said:
So when he says he's put 20 million into Madrox, that he will lose if they default, what he really means is he's paid Short what he agreed to pay him and put 5 million pounds extra in?
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Yes. I thought that was pretty obvious. If he defaults, he loses that because the Americans get the club, as the shares in Sunderland will be transferred to FPP, leaving Madrox hopelessly insolvent.
 
Grumpy Old Man said:
Yes. I thought that was pretty obvious. If he defaults, he loses that because the Americans get the club, as the shares in Sunderland will be transferred to FPP, leaving Madrox hopelessly insolvent.
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Yes, I'm aware if he defaults he's owt. Just not quite so sure why he says 'we will lose the money we invested' or why he says 'we have all just had to put more money in' becauae he hasn't. He's just paid money to Short he owed then paid some of the money back he took out.

I'm not one of these that thinks he's a chancer, or should be investing millions, mind but I think he's very selective with what he says.
 
samaistonsrightfoot said:
Yes, I'm aware if he defaults he's owt. Just not quite so sure why he says 'we will lose the money we invested' or why he says 'we have all just had to put more money in' becauae he hasn't. He's just paid money to Short he owed then paid some of the money back he took out.

I'm not one of these that thinks he's a chancer, or should be investing millions, mind but I think he's very selective with what he says.
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Because he has put money in over and above the purchase price. I'm sure he also said that Sartori had put some in as well.
 
Grumpy Old Man said:
Because he has put money in over and above the purchase price. I'm sure he also said that Sartori had put some in as well.
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So does the parachute money used to purchase the club ever come back in as both SD and CM have eluded to the fact that it would be dropped back in?
 
Why can the fans not be told the terms of the loan from FPP to Madrox? Was this secrecy requested by Madrox or FPP and what was the reason for the lack of transparency?

What guarantees did you seek from FPP that they would invest further in the club in exchange for interest payments on a loan you admit that Madrox could have made without such associated costs? Did you get any guarantees sought in this respect? And if so what are they contingent on?

Can you give a cast-iron guarantee to Sunderland fans that the result of the loan between FPP and Madrox (in whatever circumstances) will not be that the stadium and/or the AoL becomes owned by someone other than the club itself? If so, how can you be so sure?

Is it true that the club objects to the content of the latest series of Sunderland Til I Die and has tried to prevent its release in its current form?
 
chriswallace85 said:
Found it meself marra. Think I'd seen it before actually. Looked a bit pie in the sky the bridge - "to be placed somewhere near here". It would have to be a hell of a structure to cross that span of the river and I'm not sure how safe it would be to carry a match day crowd.
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A bridge which carries on a straight line over the river following on from the Keel Line would be fantastic. It would give your superb connectivity. Essentially you could walk in a straight line from Park Lane bus station to the west stand. Even better if the train station were moved to that end of town. It would open up sheepfolds to used that rely on footfall, and bring it together with the Vaux site and link in with Keel Square.

As you say like it’s a massive span so would be very expensive.
 
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