SD on Radio Newcastle on Thursday evening

Status
Not open for further replies.


KittenMittens said:
It is, GOM is correct.

Of that:

£5m was paid up front by Donald as a deposit.

£25m to SBC was paid in August of 2018 (or by that date, I believe it was spread over two financial years just to complicate matters) from parachute payments

and around £6-7m was paid to Ellis Short in April 2019 via a loan that was advancing parachute payments.

Assuming the latter hasn't been paid back (which we haven't heard and it's a source of great interest to me), effectively £32m was used of the club's money to fund the deal and he should owe it back.
Click to expand...
He is correct in the club being bought using the parachute payments.

however Donald described it as a cash flow issue, Ellis agreed to take the parachute payments and Donald would pay them back into the club over 4 years (I think, he mentioned the specific amounts in the plan for each year).
 
Botchie said:
His comments about FPP would mean that your gut feeling is wrong. It's very difficult to tell where his motives are now which is pretty scary.
Click to expand...
I think it fairly obvious, this was about trying to get some back on side to buy time in the hope we somehow get back into contention and welcome him back with open arms...... failed miserably by continually contradicting himself and rewriting history!
 
Grumpy Old Man said:
I've not listened to it, but from the reports on here his comments on FPP were contradictory and incoherent. I'm not sure we can conclude anything.
Click to expand...

They were very, very clear about FPP. He said that if they were interested in buying us, they already would have. He said he didn't think they'd buy us and he classed it as very unlikely. He essentially said they wouldn't be buying us and he'd be moving back to the people before.

Should be interesting for you :D
 
sksk3021 said:
He is correct in the club being bought using the parachute payments.

however Donald described it as a cash flow issue, Ellis agreed to take the parachute payments and Donald would pay them back into the club over 4 years (I think, he mentioned the specific amounts in the plan for each year).
Click to expand...

Methven, in their first RR podcast specifically said the para payments were for 'security' only for it they didn't pay the remaining fee for the club.
 
Luna17 said:
well tbf marra, he didnt get it right at Eastleigh did he ?
Click to expand...

Very different kettle of fish. Look at what he managed to attract here with the Dell investment... that was based on his vision, the stature of the club and the absolute potential.

That now vanishes once he goes.

Not to say something better won’t come along, it might, who knows
 
Sleepy said:
Very different kettle of fish. Look at what he managed to attract here with the Dell investment... that was based on his vision, the stature of the club and the absolute potential.

That now vanishes once he goes.

Not to say something better won’t come along, it might, who knows
Click to expand...
:lol::lol: I didn’t think anyone would buy his snake oil guess, I was wrong. I bet there are Nigerian Princes that absolutely love you.
 
Status
Not open for further replies.

Back
Top