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New buyers put off by £20 million hole in accounts

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When you look at the apparent openness they had when they first came into the club and wanting to build a relationship up with the fan base. Then look at the state of that statement they have put out man. The fact they’ve even had to put a statement out about a journalist commentating on our finances tells you everything, I can not stand these owners and really hope there days at this club are numbered before it’s all too late for us. And when I say I hope there days are numbered I hope they walk away with zero profit what so ever which is what they deserve.
 
What a set of horrible lying, slimy fuckers. Where the statement isn’t painfully petulant and childish they are obviously trying to be ‘clear’ with yes and no answers.

Here’s the problem with that:

Q. Is Sunderland AFC debt free?
A. Yes.

No shit Sherlock. Here’s what happened. Short the vile c.unt included the remaining cost of the debt he put upon the club through SBC in the ‘cost’ for the club. Madrox then used the parachute payments to pay that debt off instantly, then took out another 10m loan in the name of Madrox. The club has technically been debt free since they came in, it’s the manner in which that debt was paid off which is the problem. Interestingly if they are going to run with this bollocks though, I assume this means the 10m Loan Madrox got from the yanks wont need a penny from the club to repay it then :lol:

Q. Will all parachute payment monies utilised by Madrox be returned to SAFC?

A. Yes.

How and why when there is no legal requirement to do so? furthermore if they can why is it in dribs and drabs? Are Madrox going hand to mouth and putting in all they can up to the level of 20m? Do they have the money sitting there but won’t pay the club back all in one so they can filter it in and cover black holes in the finances? Or are they just lying again. They will add this cost to the sale price and then claim to have paid it back once they get the money for the club.

Q. Does this process impact the sale of the club in any way?
A. No.

Lie. Point blank lie. How can it not. The asset somebody could be buying now has 20m less in legally obligated income. a figure which is more than the asset itself is worth

Q. Are Madrox continuing to invest in the club?
A. Yes.

What does this mean. Paying back what you owe the club isn’t investing in it. So far they have put 7.5m in max. They owe the club a further 20m. You can’t ‘continue’ to do something you have never done.
 
Roker Mackem said:
Yeah make no mistake they hate us now. Hate that theyve been found out. Its a worry what they do next mind
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We aren't skint and are debt free as the interview in the Sunderland echo shows, baffles me why so many believe every newspaper report without waiting to find out the facts
Black Cat Gypsy said:
The Times who broke the story and have contacted the Madrox and SAFC.

If you believe that tripe from the club you'll believe anything.
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It's a interview out there for all to see, I would believe that over the Times any day
 
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