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New buyers put off by £20 million hole in accounts

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johnny kayo said:
Cheers, appreciate the reply, I can’t imagine how much your head must be battered answering simpletons like myself😂
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These questions are pretty easy to be honest. I should also have said that they could also just by Sunderland direct from the States, although buying Madrox wold make it easier to tidy up the loan.
 
pwsafc said:
Hopefully, I have no idea on our situation, just noticed after being in the media everyday about how close they are to a takeover there has been nothing for a while now, the same as last time when the mags deal fell through. Would be funny if the same happened again 😀
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It would be amazing especially to laugh at dick heads like Steve wraith , here's hoping
 
Stevie said:
There is a worldwide virus where thousands of people are dying every day. We will probably be locked in our homes for most of the next year or so and some people might be lucky to have a job to go back to after that. There will be no Footy with fans allowed for a season and we may go bust due to most of our income coming from match revenue. The two saviours who took over the club are actually lying twats who have pinched 20 million quid of the parachute money for themselves. And sold 20% of the club to Juan Sartori for a quid so they could pretend to the League that they had any money.

Oh and the Mags are soon to be taken over by the richest investment group in the world.

That just about covers it.
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pwsafc said:
He bought it so could afford it
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With the clubs own money. He loaned the parachute money from the club to Madrox and used it to pay for the club. Now he has written that loan off and we are down £20m. Add in the £10m Close Bros. loan and the £10m FPP loan it shows he can't afford to own the club.

Stuff like this is the reason clubs are going broke. Complete and other chancers and charlatans are getting their hands on clubs and looking to flip them for a profit.
 
Gillythedilf said:
I know it’s f***ing killing everyone as it’s killing me keeping my gob shut mate.I think it’s been a well kept secret upto now and hopefully it stays like that until it’s announced.
I’m not trolling for attention I’m just trying to let MLF know that things could possibly get better soon
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My days of salivating and drooling over a possible outcome have long past, no doubt they will return medically through my ageing years, but that is another story completely. I just wish it was sorted one way or another and hopefully the result is that we can look forward.
 
Black Cat Gypsy said:
With the clubs own money. He loaned the parachute money from the club to Madrox and used it to pay for the club. Now he has written that loan off and we are down £20m. Add in the £10m Close Bros. loan and the £10m FPP loan it shows he can't afford to own the club.

Stuff like this is the reason clubs are going broke. Complete and other chancers and charlatans are getting their hands on clubs and looking to flip them for a profit.
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Profit was all he was after, failing to get promotion has fucked that for him. Thankfully it looks like it’s going to bite him on the arse. Shite for us the fans but every cloud....
 
Ericsgate said:
I think that’s nonsense. Donald is a very successful businessman.

The clips in the documentary we see of him and Methven we see sound financial leadership, leadership of people, attempts at changing a can’t do attitude amongst staff and empathy they are nice people who should command loyalty amongst staff.
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Griggs
 
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