Irrespective of Short covering the debt that he put the club into by his gross mis-management - which we can say was the noble thing to do, he turned his back on the club when we needed his money and leadership most. When the excitement and gravy train had disappeared down the tunnel and into the championship, he shut up shop and locked the safe. The shutters come down and if not all his fault we are where we are I would say its 99% his fault. Everybody is seen for who they are when the chips are down, well he showed his true colours and love for the culub and supporters when the money train stopped. Its unforgivable how he treat us and if he was to show his face any where near the club again he should be hounded back up to Ponteland Airport and back on his private jet
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Takeover News/Rumours
- Thread starter philFTM
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KittenMittens
Midfield
You need to get out more mate
You have criticised Ellis Short, for the third time of asking which other football club owner poured maybe £150 million of their own money into a club he was leaving and didn’t have to.
Haway.
Well I don't know, you'd have to find me another owner who spent top 8 money over the best part of a decade and only succeeded in dragging a club into 6 successive relegation struggles, eventually got relegated, refused to spend any money, got relegated again, then was put into a situation where his decisions had devalued the club to the point where he could barely give it away and had to pay off most of HIS debt that he'd used the club to accrue.
So if you can find someone who has failed as badly as Short at being an owner, who have spent so much to do so little, then we can compare like for like.
T_Bone
Striker
No one could or would claim he was a success so why tell us what we already know ?. We have all accepted he cocked the job up. He tried to redeem his mistakes, and he did that by giving us money he didn’t have to. He deserves praise for that not just from you but all of us but rather than acknowledge that you come up with another plate of panakelty.
@KittenMittens there’s a thread above us titled away days and laughs, go on, tell us about it.
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prica's crown
Winger
short really fucked in the championship season
toon spent 60m, boro 55, villa 65 or so
we spent 1m
even gettung a gk and a proper striker in the january we might have stayed up
toon spent 60m, boro 55, villa 65 or so
we spent 1m
even gettung a gk and a proper striker in the january we might have stayed up
Redby-lad
Midfield
And we spent 1m having received 30m for Pickford.
prica's crown
Winger
aye he gave coleman no chance losing grabban and getting loads of crap kids on loan
Redhouser
Midfield
Ellis Short's ownership cost him millions. At least he put his money in and tried. I don't think it was ever about a "gravy train" for him. Ultimately, it ended in failure but I think he probably put more money into us than all our other owners put together.
It looks like Donald and Methven will eventually leave with a profit and for what.
It looks like Donald and Methven will eventually leave with a profit and for what.
Soton Pete
Central Defender
First thing I think we should understand, is that the people allegedly coming to take us over are not interested in Sunderland, its culture, its customs, its people, or even its history. They have seen that SAGC is a distressed club that they can make money out of. All they are interested in is money. If you had umpteen billion quid, would you go and buy a club on the other side of the world out of altruism? No you wouldn't, you'd only buy it to enhanse your pile of money.
They are entering a business arrangement with us, like every owner. They run the club right and get us moving up again, we pay towards it and if they are successful, we are happy. They get money from us, television, merchandise and all the other bits and pieces, and perhaps most importantly, they get capital gain. We would cost say £35 million, another £150 million to get us into the Premier League and we are worth, what did the Saudis offer for them up the road, £340 million? Well we would probably be worth the same, so a good capital gain. Now start putting (quite) a bit more in, get into European football and you are really rolling!
But don't expect them to "buy into" SAFC, or expect us to "get under their skin", sorry its not going to be that kind of arrangement!
They are entering a business arrangement with us, like every owner. They run the club right and get us moving up again, we pay towards it and if they are successful, we are happy. They get money from us, television, merchandise and all the other bits and pieces, and perhaps most importantly, they get capital gain. We would cost say £35 million, another £150 million to get us into the Premier League and we are worth, what did the Saudis offer for them up the road, £340 million? Well we would probably be worth the same, so a good capital gain. Now start putting (quite) a bit more in, get into European football and you are really rolling!
But don't expect them to "buy into" SAFC, or expect us to "get under their skin", sorry its not going to be that kind of arrangement!
Gaz
Striker
its always a business and therefore always about the money / profit.
however i think you’re wrong, if they get it right here i think anyone even vaguely interested in football will buy into the club, the area and the people and we will get under their skin
With the guaranteed 'easy money' of the Premier league which gravy train more or less means I would say that was 100% what attracted him to the club. As I said previous, when that ran out he wasn't interested....i.e....when the going gets tough. He provided funds for more or less 10 years with a guaranteed return of circa £100 mill a season, within that time he fucked it up and put himself £150 mill on the red...saved his own face and reputation by clearing our debt but all damage had then been done, fucked back off over the pond and left counting his £900 mill or so he had left. By all means stick up for him while we were in the Premier but we aren't there anymore we are 2 divisions down and regressing at a steady rate, his fault im afraid and in my eyes he us nothing but a coward in the way he left us
The Beautiful Game
Striker
A coward would have let us go into admin and cut his losses. He didn’t have to write all that money off. About 20% of his net worth. People acting like £100m is chump change. Even to him that’s a big f***ing amount of money. He fucked up but he wasn’t a coward.
BumbleBee
Striker
Don't think he's been too far away TBH.
What is this love affair people have with this fella....I couldn't give a fuck about his net worth, I give a fuck about the football club that he refused to back (because he loved the club and the fans by all accounts) to have a chance in the championship, he didn't, he turned his back on us, he is 100% a coward....didn't have to leave us in administration?? He put us on the brink of it, what is there to defend here?
The Beautiful Game
Striker
He backed us to the tune of about £150m. He spent more on this club than probably every other owner in our history combined. He was just utterly clueless and didn’t appoint the right people to spend it
Redby-lad
Midfield
He received more money than every other owner in our history combined.
The Beautiful Game
Striker
Did he? Don’t think he did like. The club did but it also spent way, way more than it received and he made up the difference year after year.
Yes, that was the Premier league gravy train bit if it, thats gone, vanished, out of sight....the money is pro-rata spends against income throughout the years of the Premier league so all the money spent part is backed up by money recieved part so that diesnt really stack up. Now if he was to back us fully in the championship that would of made him look decent, but he dint just not back us he didn't even pick the phone up
The Beautiful Game
Striker
He was putting about £20m a year extra in every year when we were in the premier league. He was never on the gravy train. He was constantly battling against Keane and drumavilles excess. That £150m he spent was on top of anything the club received. It doesn’t matter a jot.
The championship year was undoubtedly fully at his door. At the end of the day he appointed Bain and trusted him to sort it. He had already spent £150m and you can’t blame him for not wanting to spend more. He trusted former premier league players and a former international manager to be good enough to compete in the championship and once again his faith and trust were completely misplaced. There’s not a single person at the start of that year that thought we’d go down with that side. It’s not like he deliberately got us relegated.
Redby-lad
Midfield
He did like. He took in about 900m of Premier League cash. It was his choice how it was spent. He racked losses up as debt. Then took a loan with SBC to cover some of that debt at a cost to the club of around 8m per year.
Poor bugger battling away. If only he was in charge and could run us sustainably eh? Keane got us promoted to the Premier League on about a 5m spend and kept us up on less than we got in tv money the following year. To blame Keane is laughable.
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The Beautiful Game
Striker
He took absolutely none of it. It came into the club and went straight back onto wages and transfers from previous regimes. He then funded just about every signing we made from that point on.
The SBC loan was a ridiculous decision and left us completely hamstrung. No argument. I’m not saying he was a good owner. Never said that once. I don’t agree that he’s a coward though and I feel for him because his mistakes were just mistakes (unlike the current incumbents) which is what this conversation is about.
Ultimately he’s one of the worst owners in our history but he did his best to set it right. Unfortunately he couldn’t even get that right.
Well your second post is absolute nonsense. We made considerable losses every year under drumaville.
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