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#DonaldOut

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Behind Enemy Lines said:
I'd like to know exactly how much of his own money he's put in to lose.
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From what I can see literally nothing.

It was all about cutting costs, gambling on a quick promotion and then selling for a massive profit.

He doesn't have capital, a net worth of £4 million is absolutely fuck all in football terms and given that likely constitutes the value of his company and property, that means he probably has very little in terms of actual cash.
 
MrOompapa said:
From what I can see literally nothing.

It was all about cutting costs, gambling on a quick promotion and then selling for a massive profit.

He doesn't have capital, a net worth of £4 million is absolutely fuck all in football terms.
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He claimed he showed the efl £50m in liquid capital didnt he? :lol:
 
Grumpy Old Man said:
The point is that it's entirely plausible that FPP still want the club, but their valuation of it is way lower than Donald's. The loan deal has him tied up in knots to the point where his only possible out is to sell to them - at their price, not his.
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Would you care to speculate on what Donald's thought process was in taking out this loan in the first place? Surely he would have been better off just selling the club (to anyone, not necessarily the Americans) and either getting his money back (or close to it) or making a small profit?
 
jsdftm04 said:
He claimed he showed the efl £50m in liquid capital didnt he? :lol:
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Correction of my earlier post, guardian report claims he has a net worth of £8.4 million. Still utterly useless though.

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MrOompapa said:
From what I can see literally nothing.

It was all about cutting costs, gambling on a quick promotion and then selling for a massive profit.

He doesn't have capital, a net worth of £4 million is absolutely fuck all in football terms and given that likely constitutes the value of his company and property, that means he probably has very little in terms of actual cash.
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This is what I suspect. I think there's a lot of smoke and mirrors goes on with these kind of deals - I'm not even convinced Short "wrote off the debt" (or at least not in the way it was made out).
 
AKickUpTheBerntHaas said:
So, it’s got people tweeting? Right okay, cool. What next? Any direction from these parties that seemingly got on the cans on a Friday night and wrote this?

It stinks of a chip on the shoulder attitude and reeks of entitlement, something we’ve long laughed at Geordies about, it’s message could be summarised in less than the length of a tweet.

As I actually posted, I want Donald gone and I’m not a fan of his or his regimes but I do feel that the statement could and should have been so much better than it is. I’m glad it’s mobilised people (did people actually need mobilising?) but I ask what is the plan here from these groups? Are they going to go down the approach of CARD (Charlton Against Roland Duchatelet) or are they merely standing around and stamping their feet without any plan or direction in place like some sort of Arsenal Fan TV production?
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Got on the cans? People gave up their time on a Friday night to meet in person to discuss and action something. They did something at least.

The RAWA open meeting is next month. Come and offer your services. If you feel you could produce more powerful statements, in the future if something needs to be done again you can be there and step up.
 
jsdftm04 said:
He claimed he showed the efl £50m in liquid capital didnt he? :lol:
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He never had the money and probably included parachute payments in the deal. It's all gone wrong and his gambling has back fired.

Ross should've gone in the summer and appoint a manager with more charisma than PP.

METHVEN what a pilchard he turned out to be ffs. Total bell.

SATORI where the fucks he gone? Another f***ing bullshitter.

The only straw I can hold onto Is, the American loan agreement. Just hope these lot eventually get hold of the club but, I'm not entirely sure why :lol:

Why even loan the club that kind of money without some guarantees. It's just grim as fuck under this management.
 
Behind Enemy Lines said:
Would you care to speculate on what Donald's thought process was in taking out this loan in the first place? Surely he would have been better off just selling the club (to anyone, not necessarily the Americans) and either getting his money back (or close to it) or making a small profit?
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Keeping the Americans at the table, whilst hoping to get promotion and getting closer to his asking price as a Championship club next season.
 
Abu Dhabi Red and White said:
Couldn't he sell the club to someone else and pay the yanks back?
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from my limited understanding of the thread...

only if FPP sanction the deal (according to the terms of the loan, explained earlier in the thread by @Grumpy Old Man)

He'd probably have to pay the yanks back first and then sell or negotiate a deal with them to buy the club (to their advantage), but he'd also have to include (pay back) the money that madrox owe safc first which is in the tens of millions (the accounts should show that once they're eventually published?), or have that factored into the purchase price.
the educated guess is only sartori has the cash available to support donald in doing the above.

my one caveat to all of this is that FFP may want to own the club but the assumption has been they don't want to run it, so in the event of them taking control who will they bring in... hopefully someone who knows (english) football.
 
Abu Dhabi Red and White said:
Couldn't he sell the club to someone else and pay the yanks back?
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No, because the loan is secured on, amongst other things, Madrox's shares in Sunderland, he can't sell those shares without FPP's permission. Effectively, they control any sales process. He can only really pay the loan off from his own or Sartori's resources, since he can't take out another secured loan without FPP's permission either.
 
elder said:
from my limited understanding of the thread...

only if FPP sanction the deal (according to the terms of the loan, explained earlier in the thread by @Grumpy Old Man)

He'd probably have to pay the yanks back first and then sell or negotiate a deal with them to buy the club (to their advantage), but he'd also have to include (pay back) the money that madrox owe safc first which is in the tens of millions (the accounts should show that once they're eventually published?), or have that factored into the purchase price.
the educated guess is only sartori has the cash available to support donald in doing the above.

my one caveat to all of this is that FFP may want to own the club but the assumption has been they don't want to run it, so in the event of them taking control who will they bring in... hopefully someone who knows (english) football.
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How does GOM know the terms of the loan?
 
elder said:
from my limited understanding of the thread...

only if FPP sanction the deal (according to the terms of the loan, explained earlier in the thread by @Grumpy Old Man)

He'd probably have to pay the yanks back first and then sell or negotiate a deal with them to buy the club (to their advantage), but he'd also have to include (pay back) the money that madrox owe safc first which is in the tens of millions (the accounts should show that once they're eventually published?), or have that factored into the purchase price.
the educated guess is only sartori has the cash available to support donald in doing the above.

my one caveat to all of this is that FFP may want to own the club but the assumption has been they don't want to run it, so in the event of them taking control who will they bring in... hopefully someone who knows (english) football.
Click to expand...

In an ideal world, Nicola Cortese.
 
Grumpy Old Man said:
No, because the loan is secured on, amongst other things, Madrox's shares in Sunderland, he can't sell those shares without FPP's permission. Effectively, they control any sales process. He can only really pay the loan off from his own or Sartori's resources, since he can't take out another secured loan without FPP's permission either.
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So, he could pay the loan off and sell to somone else.
 
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