• The forums will be unavailable for a few hours on Saturday 6th June, when they do return they will initially be in a degraded state with some features missing, but normal posting/reading will be possible. The main website will not be affected by these updates.
    New user registrations are currently disabled.
    Some other features of the forum are also currently disabled.

New buyers put off by £20 million hole in accounts

Status
Not open for further replies.
sidneyeric said:
Must admit I'm struggling with it all,reading the statement it all seems reasonable ?
Click to expand...
That's because it all basically boils down to a "how much money should owners put into a club" question.

People don't care about any of this stuff on the whole if there is success, but if there isn't success then the obvious answer from a lot of fans is "more money than currently put in because we're currently shit".
 

10 Gary Rowells said:
They say they have invested £9M and then £11M into the club in 2 years - do they say where they this money came from? It seems to be very convenient. Did they always have this money? Has it been borrowed i.e. has Madrox gone into debt. Just for transparency I would wonder where this £20M came from as I didn't think they had this wealth.
Click to expand...

Inital £12.6m for the shares. £5m in part payback of the parachute balance, £2.5m since the year end (that's from their resources). Additionally £9m new shares in Sunderland, which ties in with the value of the loan Madrox had from FPP.
 
mikemanc said:
Does it matter if he put millions into Madrox as a loan or a share purchase? Either way he'll only get it back when Madrox sells the club.
Click to expand...
Depends on the details of course which I am not privy to. But when a journalist asks a direct question and someone avoids it and slightly changes the subject then alarm bells start ringing for me.
 
If I understand this correctly, Madrox has effectively borrowed money from Sunderland AFC, there is no mention of the terms of that “loan” and the resultant situation is that Madrox are
now a more attractive investment vehicle. They are broadening or planning to broaden their potential investments, whilst the financial arrangements are confidential, which is their right, and are at arms length from the main subsidiary company that has “loaned” the finance.

FPP have effectively invested in Madrox and not Sunderland. This is clear separation.... these guys must have their eyes on a bigger game and Sunderland, albeit part of their current portfolio, may well not be part of the long term plans as the owner is offering the club for sale.......
 
frot said:
As opposed to the disproportionate number of financial experts who get on here. :lol:




Maybe it is a sign of the times and deserved, but Donald receives far, far more scrutiny than Short ever did.
Click to expand...
Funny you should say that as I literally just typed a post in a separate thread which was along the lines of "when there is success no one cares about this sort of thing".
 
Grumpy Old Man said:
Inital £12.6m for the shares. £5m in part payback of the parachute balance, £2.5m since the year end (that's from their resources). Additionally £9m new shares in Sunderland, which ties in with the value of the loan Madrox had from FPP.
Click to expand...
The article says the 2 lots of investment came prior to the FPP loan. I was wondering where they got the £20M as the are not described as having that sort of independent wealth.
 
Personally I don't think anything that's fine out over the last few days has really changed my opinion of Stewart Donald, I still just think from a footballing point of view we haven't spent enough on the first team or the youth set ups, we need a ling term plan even in its most basic form and having a shit youth team alongside only spending money on frees from league one without any real consideration for how these players will perform in the championship will only result in us needing to spend a fortune once promoted anyway, we have a chance to build a proper football team next season and if we have wyke and grigg up front then that is simply not going to happen, this accounting shit is just happening because the footballing decisions made have been bad.

Quite frankly I believe I and many other people would have been able to find and buy better players than we have over the last 18 months.
 
10 Gary Rowells said:
The article says the 2 lots of investment came prior to the FPP loan. I was wondering where they got the £20M as the are not described as having that sort of independent wealth.
Click to expand...
By who? People on this board? People laugh at the answer given that Juan invested millions, maybe he did? Donald has said he had to show the EFL he had double figure millions in his bank and people then laugh at that saying he must have got a short term loan from Juan and then given it back, maybe he does have that sort of money?
 
10 Gary Rowells said:
The article says the 2 lots of investment came prior to the FPP loan. I was wondering where they got the £20M as the are not described as having that sort of independent wealth.
Click to expand...

Donald's probably worth about £70-100m, Don't take any notice of the guff about £8m. That was a dozy journalist adding up the net asset values in the accounts of his companies. The family has many times that in proceeds from earlier deals. Sartori's wealth is harder to find out, but looking at the range of his companies it's probably many multiples of Donald's.
 
ReaL Madras said:
I wrote this on the other thread but I’ll post it here as well:

If I understand this correctly, Madrox has effectively borrowed money from Sunderland AFC, there is no mention of the terms of that “loan” and the resultant situation is that Madrox are
now a more attractive investment vehicle. They are broadening or planning to broaden their potential investments, whilst the financial arrangements are confidential, which is their right, and are at arms length from the main subsidiary company that has “loaned” the finance.

FPP have effectively invested in Madrox and not Sunderland. This is clear separation.... these guys must have their eyes on a bigger game and Sunderland, albeit part of their current portfolio, may well not be part of the long term plans as the owner is offering the club for sale.......
Click to expand...
Be good to just merge the threads?
 
Grumpy Old Man said:
Donald's probably worth about £70-100m, Don't take any notice of the guff about £8m. That was a dozy journalist adding up the net asset values in the accounts of his companies. The family has many times that in proceeds from earlier deals. Sartori's wealth is harder to find out, but looking at the range of his companies it's probably many multiples of Donald's.
Click to expand...
Sure I've seen it mentioned somewher he made the equivalent of £200 million form a share sale.

Still owes me a pint mind.
 
frot said:
As opposed to the disproportionate number of financial experts who get on here. :lol:









Maybe it is a sign of the times and deserved, but Donald receives far, far more scrutiny than Short ever did.
Click to expand...

Tbf hea brought that on himself with his open and (dis)honest podcasts

Rod for his own back.
 
Grumpy Old Man said:
Donald's probably worth about £70-100m, Don't take any notice of the guff about £8m. That was a dozy journalist adding up the net asset values in the accounts of his companies. The family has many times that in proceeds from earlier deals. Sartori's wealth is harder to find out, but looking at the range of his companies it's probably many multiples of Donald's.
Click to expand...
Fair do's. Thanks for that - Id always assumed the £8M figure.
 
ReaL Madras said:
If I understand this correctly, Madrox has effectively borrowed money from Sunderland AFC, there is no mention of the terms of that “loan” and the resultant situation is that Madrox are
now a more attractive investment vehicle. They are broadening or planning to broaden their potential investments, whilst the financial arrangements are confidential, which is their right, and are at arms length from the main subsidiary company that has “loaned” the finance.

FPP have effectively invested in Madrox and not Sunderland. This is clear separation.... these guys must have their eyes on a bigger game and Sunderland, albeit part of their current portfolio, may well not be part of the long term plans as the owner is offering the club for sale.......
Click to expand...
Same thing Man Utd went through on a bigger scale. The Glazers leveraging up all Man Utd assets & 10% stock to the public. It’s sad....Sunderland will take forever to be good due to SD stealing our money to improve our squad. Just makes me sad this has happened to such a wonderful club. Our only hope is new owners and bring back a savor like Jordan Henderson head investor one day to lead us back to the promise land.
 
Last edited:
Status
Not open for further replies.
Back
Top