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New buyers put off by £20 million hole in accounts

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Sons of The Wear said:
Let’s be factual. The takeover was always takeover and not about a small investment as has happened. It was a whisker away from happening and only the owners and FPP know why it didn’t materialise.
Could it be that FPP thought it highly unprofessional that the owners were telling certain factions what was happening before everything was signed, sealed and delivered?

Whatever the reason for it failing to materialise, it was disingenuous that in a subsequent meeting with RAWA that Charlie Methven suggested that there was a problem attracting investors to SAFC because “there is a specific problem with Sunderland fans and they are known in the game as an issue and that isn’t attractive to potential investors” as per the released minutes of the RAWA along with the charming analogy that “the club need to be like the well presented girl going to the ball-not the drunk girl jumping about with mascara running down her face”.

Trying to blame the fan base for the failure of the takeover is not on, just as it’s ridiculous to say that the joint fan groups statement in December (at the lowest ebb in the history of SAFC and which most fans agreed with at the time) has stopped any potential investor coming in to buy SAFC. The owners need to take some responsibility for the takeover failing, and should also stop asking and actively encouraging any individual supporter to come onto this message board to act as their apologist as Is clearly happening as the lad is a Sunderland fan of long standing and should not be used in this manner. This sort of manipulation is so transparent.
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A statement from fans saying the lowest finish in 140 years isn't acceptable is a big issue for them? How soft are these people?! I would want to see them buying Boca Juniors, Partizan, a greek or a turkish side.
 

Sons of The Wear said:
Let’s be factual. The takeover was always takeover and not about a small investment as has happened. It was a whisker away from happening and only the owners and FPP know why it didn’t materialise.
Could it be that FPP thought it highly unprofessional that the owners were telling certain factions what was happening before everything was signed, sealed and delivered?

Whatever the reason for it failing to materialise, it was disingenuous that in a subsequent meeting with RAWA that Charlie Methven suggested that there was a problem attracting investors to SAFC because “there is a specific problem with Sunderland fans and they are known in the game as an issue and that isn’t attractive to potential investors” as per the released minutes of the RAWA along with the charming analogy that “the club need to be like the well presented girl going to the ball-not the drunk girl jumping about with mascara running down her face”.

Trying to blame the fan base for the failure of the takeover is not on, just as it’s ridiculous to say that the joint fan groups statement in December (at the lowest ebb in the history of SAFC and which most fans agreed with at the time) has stopped any potential investor coming in to buy SAFC. The owners need to take some responsibility for the takeover failing, and should also stop asking and actively encouraging any individual supporter to come onto this message board to act as their apologist as Is clearly happening as the lad is a Sunderland fan of long standing and should not be used in this manner. This sort of manipulation is so transparent.
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Excellently put.

Maybe CM should’ve been a better host instead of ‘allegedly’ being more bothered about going to the Colliery Tavern.
 
Sons of The Wear said:
Let’s be factual. The takeover was always takeover and not about a small investment as has happened. It was a whisker away from happening and only the owners and FPP know why it didn’t materialise.
Could it be that FPP thought it highly unprofessional that the owners were telling certain factions what was happening before everything was signed, sealed and delivered?

Whatever the reason for it failing to materialise, it was disingenuous that in a subsequent meeting with RAWA that Charlie Methven suggested that there was a problem attracting investors to SAFC because “there is a specific problem with Sunderland fans and they are known in the game as an issue and that isn’t attractive to potential investors” as per the released minutes of the RAWA along with the charming analogy that “the club need to be like the well presented girl going to the ball-not the drunk girl jumping about with mascara running down her face”.

Trying to blame the fan base for the failure of the takeover is not on, just as it’s ridiculous to say that the joint fan groups statement in December (at the lowest ebb in the history of SAFC and which most fans agreed with at the time) has stopped any potential investor coming in to buy SAFC. The owners need to take some responsibility for the takeover failing, and should also stop asking and actively encouraging any individual supporter to come onto this message board to act as their apologist as Is clearly happening as the lad is a Sunderland fan of long standing and should not be used in this manner. This sort of manipulation is so transparent.
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I think that it's quite possible that they liked the look of us from the outside, which means at the start, Donald might have quite reasonably assumed that they would want to take it all on immediately. He subsequently told everyone that it was a takeover, and the nomenclature stuck.

My personal opinion is that they decided not to do that before they made an offer to buy a majority stake, which caught Donald off guard. That doesn't mean that anyone is at fault or that FPP don't want us one day.

I think that they just started off with the idea of getting into an early stage investment in a club that was 30 seconds away from where FPP were comfortable investing (the championship). By the time they got to decision time in November, we were 10 points off automatic promotion and in mid-table with serious questions about the squad and manager. That makes it more than likely that you're buying a league one club for the next 18 months, and if you balls it up as first timers, potentially longer.

I think that people need to accept that it's possible that FPP wanted us, may still want us, but that they are not comfortable with absorbing the costs of any type of prolonged league one stay and never made a bid for all of the club before they made the loan offer. That allows them to buy us when we get promoted or walk away if we never do. They clearly hope to do more, but it really does appear to be conditional on getting promoted.

Again, all of this is compatible, it wouldn't mean anyone was 'wrong' per se, it would just explain why people including Donald and those around him insist that they didnt make an offer.
 
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Sons of The Wear said:
Let’s be factual. The takeover was always takeover and not about a small investment as has happened. It was a whisker away from happening and only the owners and FPP know why it didn’t materialise.
Could it be that FPP thought it highly unprofessional that the owners were telling certain factions what was happening before everything was signed, sealed and delivered?

Whatever the reason for it failing to materialise, it was disingenuous that in a subsequent meeting with RAWA that Charlie Methven suggested that there was a problem attracting investors to SAFC because “there is a specific problem with Sunderland fans and they are known in the game as an issue and that isn’t attractive to potential investors” as per the released minutes of the RAWA along with the charming analogy that “the club need to be like the well presented girl going to the ball-not the drunk girl jumping about with mascara running down her face”.

Trying to blame the fan base for the failure of the takeover is not on, just as it’s ridiculous to say that the joint fan groups statement in December (at the lowest ebb in the history of SAFC and which most fans agreed with at the time) has stopped any potential investor coming in to buy SAFC. The owners need to take some responsibility for the takeover failing, and should also stop asking and actively encouraging any individual supporter to come onto this message board to act as their apologist as Is clearly happening as the lad is a Sunderland fan of long standing and should not be used in this manner. This sort of manipulation is so transparent.
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Charlie Methven is a tatey with very little by way of self-awareness. We're well shot of the prick.
 
KittenMittens said:
I think that it's quite possible that they liked the look of us from the outside, which means at the start, Donald might have quite reasonably assumed that they would want to take it all on immediately. He subsequently told everyone that it was a takeover, and the nomenclature stuck.

My personal opinion is that they decided not to do that before they made an offer to buy a majority stake, which caught Donald off guard. That doesn't mean that anyone is at fault or that FPP don't want us one day.

I think that they just started off with the idea of getting into an early stage investment in a club that was 30 seconds away from where FPP were comfortable investing (the championship). By the time they got to decision time in November, we were 10 points off automatic promotion and in mid-table with serious questions about the squad and manager. That makes it more than likely that you're buying a league one club for the next 18 months, and if you balls it up as first timers, potentially longer.

I think that people need to accept that it's possible that FPP wanted us, may still want us, but that they are not comfortable with absorbing the costs of any type of prolonged league one stay and never made a bid for all of the club before they made the loan offer. That allows them to buy us when we get promoted or walk away if we never do. They clearly hope to do more, but it really does appear to be conditional on getting promoted.

Again, all of this is compatible, it wouldn't mean anyone was 'wrong' per se, it would just explain why people including Donald and those around him insist that they didnt make an offer.
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If the story about talks with Derby is correct it could mean they're moving on to a Championship club if Donald can't get us up.
 
KittenMittens said:
I think that it's quite possible that they liked the look of us from the outside, which means at the start, Donald might have quite reasonably assumed that they would want to take it all on immediately. He subsequently told everyone that it was a takeover, and the nomenclature stuck.

My personal opinion is that they decided not to do that before they made an offer to buy a majority stake, which caught Donald off guard. That doesn't mean that anyone is at fault or that FPP don't want us one day.

I think that they just started off with the idea of getting into an early stage investment in a club that was 30 seconds away from where FPP were comfortable investing (the championship). By the time they got to decision time in November, we were 10 points off automatic promotion and in mid-table with serious questions about the squad and manager. That makes it more than likely that you're buying a league one club for the next 18 months, and if you balls it up as first timers, potentially longer.

I think that people need to accept that it's possible that FPP wanted us, may still want us, but that they are not comfortable with absorbing the costs of any type of prolonged league one stay and never made a bid for all of the club before they made the loan offer. That allows them to buy us when we get promoted or walk away if we never do. They clearly hope to do more, but it really does appear to be conditional on getting promoted.

Again, all of this is compatible, it wouldn't mean anyone was 'wrong' per se, it would just explain why people including Donald and those around him insist that they didnt make an offer.
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Totally respect your take on it mate, but it was a takeover until the very last minute and it should have happened.
Whilst accepting that no deal is done until it’s done, there’s reasons why this didn’t happen and as I said only the owners and FPP know why it fell through at the last minute.
As a glimmer of hope for all SAFC supporters at such an uncertain time in the clubs history with the current pandemic providing an even more worrying backdrop, at least FPP are still at the table and that only means one thing-at this juncture they are still interested.
Donald has the audacity at one stage to say they were specifically investing in him and not Sunderland A.F.C. which, fortunately, is rubbish despite it perhaps satisfying his ego.
 
Zak's Dad said:
Bob,

I absolutely agree with the first bit, this clearly isn't an overnight occurrence and there a number of books to be written about it.

The second bit though?
We (the fans) have no control over whether we move forward, in individual games we can sometimes make a difference, but the only people who have the direct power to move us forward are the team on the pitch and the owners. Why is it up to the fans to act differently and not the owners?
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Nor.... fans can be the difference if they choose, especially at home....why bother going if you're beat before you start?

That place should be a bear pit, regardless of who we're playing....
 
Sons of The Wear said:
Totally respect your take on it mate, but it was a takeover until the very last minute and it should have happened.
Whilst accepting that no deal is done until it’s done, there’s reasons why this didn’t happen and as I said only the owners and FPP know why it fell through at the last minute.
As a glimmer of hope for all SAFC supporters at such an uncertain time in the clubs history with the current pandemic providing an even more worrying backdrop, at least FPP are still at the table and that only means one thing-at this juncture they are still interested.
Donald has the audacity at one stage to say they were specifically investing in him and not Sunderland A.F.C. which, fortunately, is rubbish despite it perhaps satisfying his ego.
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Yeah some of his creative wording is suspect. I really dislike that element of it, especially Methven's utterly slimy PR last week in the Echo.

Similarly, I suspect we're debating semantics. It's a takeover until they offer something that isn't quite a takeover... I'm not sure it's Donald who decided that though, in fact I reckon the odds are that FPP dictated the deal entirely, given how lop-sided it is.

I think a good glimmer of hope for us is that with us sitting 10th in L1 when the deal was done. That implies that FPP were probably aware that we would be long shots for promotion this season, which in turn suggests that we have at least one more year before they might expect to make a decision one way or another.
 
pwsafc said:
I know you wont be bothered but your getting some stick on the 606 msg board, I posted to posts with nothing offensive in and suddenly I'm banned for nowt
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I have never been on 606, so not bothered, this forum is the one the owners look to for fan reaction
Guinness Guzzler said:
If they never wanted to buy the club, why did they agree a price with Donald for a takeover?
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AH When was that ?, they have never made a firm offer to buy, other than the investment offer.
 
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MADBOB THE MAKEM said:
I have never been on 606, so not bothered, this forum is the one the owners look to for fan reaction

AH When was that ?, they have never made a firm offer to buy, other than the investment offer.
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Knew you wouldn't be bothered just thought I would let you know. They like to have a go at a few people off here
 
MADBOB THE MAKEM said:
I have never been on 606, so not bothered, this forum is the one the owners look to for fan reaction

AH When was that ?, they have never made a firm offer to buy, other than the investment offer.
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Donald mentioned it here, says a price was agreed. Not saying they ever made a firm offer, but I doubt they'd agree a price if they weren't ever at least considering it

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Guinness Guzzler said:
Donald mentioned it here, says a price was agreed. Not saying they ever made a firm offer, but I doubt they'd agree a price if they weren't ever at least considering it

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They also incorporated a holding company at the stadium of light address, with a parent company incorporated in the USA. But facts like that get in the way of the narrative that the Americans weren’t interested.
 
pwsafc said:
What are you talking about
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You posted dog porn on the other forum and got banned.
Guinness Guzzler said:
Donald mentioned it here, says a price was agreed. Not saying they ever made a firm offer, but I doubt they'd agree a price if they weren't ever at least considering it

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Methven text the fanzines to tell them it was happening. 'get fans excited' was language used iirc.
Scotty 1978 said:
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I knew a fair bit about this from people who went to the RAWA meeting but never knew about Methven not knowing about it, or Donald trying to charge RAWA for it all.

More of the things I read like this, the more I think of the Bury/Darlo/Charlton shit fests.
 
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