#DonaldOut

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is this a fair summary of where Donald is at:

He can't sell assets in SAFC without permission from FPP as long as the loan is in place.
'IF' SAFC (Donald) default on the loan from FPP then FPP could buy the club for as little as $90k - the value of 90% of SAFC shares (unlikely?)
However, Donald/Sartori could repay the 10 million to FPP to take them out of any equation, though it's highly unlikely that they'd get that money back if there were to then sell the club
If they did the above and sold the club, the sale price would also have to include the $25-55 million that Madrox owe SAFC, or that debt would have to be cleared first.

in essence FPP have Donald over a barrel unless he can find tens of millions of pounds hanging around to not only keep the club but to keep the club going?
 


TexasMackem said:
What I think is a real shame is if he had attempted to develop the footballing side from day one by investing in the academy and developing a successful scouting and coaching program, he'd have bought himself plenty of time to get it right. Failure to do that completely exposes the short termism of their intentions, and its far too late to do it now with the squad being utterly worthless at all levels.
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The problem is that he had nothing to invest, he had to loan himself the parachute payments from the club to effectively pay off Ellis Short.
 
Going to be interesting as to how the club responds to this. I can’t see them ignoring it, they released a statement over the ‘takeover’ speculation, so I’d be surprised if they didn’t respond to something that at one point was the number 1 trending topic in the UK. Even more so when groups Donald appeared to have a good relationship with have started the movement.

I still think they will be stubborn and stick with Parkinson unfortunately. Either way, there is surely no way back for Donald or Parkinson.
 
elder said:
is this a fair summary of where Donald is at:

He can't sell assets in SAFC without permission from FPP as long as the loan is in place.
'IF' SAFC (Donald) default on the loan from FPP then FPP could buy the club for as little as $90k - the value of 90% of SAFC shares (unlikely?)
However, Donald/Sartori could repay the 10 million to FPP to take them out of any equation, though it's highly unlikely that they'd get that money back if there were to then sell the club
If they did the above and sold the club, the sale price would also have to include the $25-55 million that Madrox owe SAFC, or that debt would have to be cleared first.

in essence FPP have Donald over a barrel unless he can find tens of millions of pounds hanging around to not only keep the club but to keep the club going?
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Sartori is the unknown quantity here and possibly the key to what happens next. Although his level of wealth has always been a mystery.
 
jsdftm04 said:
History suggests Donald knows nothing about running a club either tbf.

How long are you giving him to rectify his mistake in appointing PP? Your words.
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It’s nowt to do with when he rectify his mistake, people on here seem to think it’s easy just to move a owner on
 
Realistically we aren't going to get a sugar daddy owner willing to just chuck millions at the club are we?

So the academy is most likely going to be scaled down category wise or closed and we'll have to do something with the stadium as it'll cost too much to run in league 1.

We also need mostly a whole new first 11 and then a new manager and back room staff, so paying off Parkinson and paying the new lot to come here.

Where is this money going to come from? Any new owners coming in will surely want to see some sort of return so will turn any money put into the club as debt owed to them.

As much as Donald isn't putting much money in, is that better or worse than the club racking up huge debts?
 
For me, that’s a terrible statement. Don’t get me wrong, I wholeheartedly agree with the sentiment behind it and want Stewart Donald to step aside, but that statement could and should have been written with more class and structure than it has been. It paints as nothing more than a rant from someone with a huge and thoroughly incorrect sense of entitlement.

Slagging off Bolton in that statement is pathetic and wrong. For a set of fans that are concerned about the future of our club, I think some respect to Bolton’s fans should be shown, as that’s a club that was and still is suffering deformation from the behaviour of its previous owner. We as a club have, in my opinion, not recovered from the previous regime at SAFC and the current regime has kept that rot setting in. The statement could and probably should have used Bolton not as a joke or one that we should be having some sort of divine right of beating but as an example of what can happen to a club feeling the effects of poor management and should have used Bury, a side we should have been playing this season, and it’s fans, whose Saturday afternoons no longer centre around congregating at Gigg Lane, as an example of the worst case situation.

This is a statement that starts off with slagging off Phil Parkinson but should be about Stewart Donald and then turns on Donald. While the article is called “#DonaldOut” it shouldn’t be starting off with abuse of Parkinson. Don’t get me wrong, Parkinson is Howard Wilkinson MkII in my eyes, but if this is a statement about the clubs overall stewardship, it shouldn’t be mentioning Parkinson or Kevin Phillips in it.
 
elder said:
is this a fair summary of where Donald is at:

He can't sell assets in SAFC without permission from FPP as long as the loan is in place.
'IF' SAFC (Donald) default on the loan from FPP then FPP could buy the club for as little as $90k - the value of 90% of SAFC shares (unlikely?)
However, Donald/Sartori could repay the 10 million to FPP to take them out of any equation, though it's highly unlikely that they'd get that money back if there were to then sell the club
If they did the above and sold the club, the sale price would also have to include the $25-55 million that Madrox owe SAFC, or that debt would have to be cleared first.

in essence FPP have Donald over a barrel unless he can find tens of millions of pounds hanging around to not only keep the club but to keep the club going?
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90% stake in Madrox, which has a current share capital of only £1k.
 
Ashley In!! said:
Just to get this out of the way now, you're obviously going to claim it was nothing to do with the protests if / when he does sell up, aren't you? Just so we're all clear on that.
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And your going to claim it is the protests when you no idea if that has anything to do with it. So if he sells in 6mths time it’s because of a protest now ?!!
 
pwsafc said:
It’s nowt to do with when he rectify his mistake, people on here seem to think it’s easy just to move a owner on
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The idea that there's someone waiting in the wings who will willing throw money at us, along with a quality manager who'll happily join because "we're Sunderland" is simply not going to happen.

We need an experienced executive with a vision to run the club. To me, it's more important than any sale of the club. I suppose the Americans might provide that, but it's a message I'd be trying to get through to Donald, as opposed to getting him to sell up. They certainly won't be throwing money at us either.
 
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