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Takeover News/Rumours

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sksk3021 said:
Bit of a concern they are keeping Rodwell, I thought he was the current owners mate.
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I see it differently, This bit would suggest Ridwells days too, are numbered.

Northern Echo:

'One of their earliest moves is expected to see them change Sunderland’s executive structure by installing a sporting director who will work above current chief executive Jim Rodwell.'


That for me say we are going to have someone setting out and in overall control on all matter with the structure of the club, who is not the Chief Executive.
 

the sleeping giant said:
Sorry but I think there's some rewriting of history being applied here.

There was plenty of people on here & in the media who knew it was quite conceivable that we'd go straight down again and, from around late-Sept onwards, a lot were pointing out we were already in a relegation scrap.

Which brings us to January. By now he's brought in Coleman - presumably on a decent wedge - and then totally and utterly failed to back him.

Were Bain and Coleman strong enough to point out the deficiencies in the team? I don't know - but it was evident that ES had decided he was spending no more on players at this point and was quite prepared to take the risk of one of the poorest teams I have ever seen at Sunderland go down another level.

Short had decided he was playing hardball rather than giving even a few million more. For whatever reason, we couldn't get certain players in and were left (as we saw on STID) with very, very slim pickings.

The rest was sadly predictable. If he wrote off £150m it was because he accepted he'd f**ked us up in a right royal way. I suspect it was guilt and a desperation to get as far away as possible that drove that decision.
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And at that point he and Donald (and probably Charlie) concocted a scheme whereby he could get one final bit of cash out of us via the parachute payments, by leaving some of the debt he racked up to be paid by the next owner and securing it against the parachute payments.

That decision, plus the abandonment in the Championship are arguably the two most pivotal decisions in the last century of this club's history. At the time when the club needed cash, Ellis Short abandoned us and worse, consigned us to a pair of cowboys who have funnelled the club's desperately needed income into his pocket as part of their deal.

But here we are, let's hope the new takeover happens soon and that it's got nothing to do with the Malnourished Hagrid lookalike.
 
The tinniest of tin hats on here, but i don't dislike Rodwell as many others seem to. He's working for a total nugget who has swept all the shite to Rodwell to clean up, Apart from the season ticket disaster (Which will have been decided above his head anyway), I dont think he's been that bad.
 
Was discussing whether new money (SD won’t/can’t fund more than he is now) would make a difference. Does anyone know if new money could do the following without breaking salary cap/FFP.
1: pay up the contracts of Grigg, Graham, O’Brien, Dobson, both goalies and replace.
2: pay up PPs contract and replace.
3: recruit much higher quality U23 players who are not affecting the salary cap.
4: employ a high quality data analytics recruitment team.
5: promise Hume, Onien, Embleton big pay hikes on a new Championship contract.
 
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T_Bone said:
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.
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I was under the impression he wrote off the money he was owed from the club then the other debt was to BSC or whoever the loan was with. Is that wrong?
 
molthemackem said:
I see it differently, This bit would suggest Ridwells days too, are numbered.

Northern Echo:

'One of their earliest moves is expected to see them change Sunderland’s executive structure by installing a sporting director who will work above current chief executive Jim Rodwell.'


That for me say we are going to have someone setting out and in overall control on all matter with the structure of the club, who is not the Chief Executive.
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Could be right, hopefully you are.
 
GuestServices said:
I was under the impression with 51% stake, you could do basically do what you want and buy everyone out ?!
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That last part is definitely not true, but if someone buys 51% of the club it is a takeover. It gives you day to day control of how the company (SAFC) is run.

To buy out others against their will you'd need over 90%.
 
sksk3021 said:
Suppose it depends how you look at it, probably costs them more in the championship but hope they aren't looking at it like that!
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I cant see them investing the amount of money they will be to sit around with failures in this division. A sporting director should show the ambition they have and how they mean to go on. The Championship is another matter entirely
 
I hope it all works out but worry about what will happen next to scupper the plans. 63 Years of watching, four cup final tickets and missed it for tragic reasons. Can you blame me for being a cynic?
 
molthemackem said:
I cant see them investing the amount of money they will be to sit around with failures in this division. A sporting director should show the ambition they have and how they mean to go on. The Championship is another matter entirely
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All true I hope.
In many ways it's easier/cheaper to set things up at this level, we will be competing against clubs with far bigger budgets in the championship.
 
10 Gary Rowells said:
So what? That was the paper you were quoting. No deal has been done. However, potentially we have a billionaire takinng 60% of Donald's shares to immediately become the major new influence of the club. There is a concern regading his age but there is no doubt he is steeped in football having shares in OM. You have basically read a couple of purely speculative articles by local journos and decided that its a 'shuffling of the deck chairs'. If I took over a club I would look at what is working and what is not and act accordingly - where it goes from here is down to the ambition of the young man. Bringing in a football brain as has been suggested seems sensible.

Donald will have no influence unless the major shareholder wants him to. However, it appears you have written this off because a couple of speculative, premature local articles.
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Agree with you on this, think there are still some big issues to be cleared up.
1/ What happens to the £20.5m our present owners owe back into the club.
2/ Are FPP still to be involved, if not what happens with there €12m loan to the club.
3/ what is new guy paying for his reported 60% shareholding.
All very important to know imo.
 
KittenMittens said:
That last part is definitely not true, but if someone buys 51% of the club it is a takeover. It gives you day to day control of how the company (SAFC) is run.

To buy out others against their will you'd need over 90%.
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Cheers, so i was half right :lol:
 
molthemackem said:
Getting it right now will pay dividends should we gain promotion. A good set of foundations going forward is key to what happens next
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Yes I agree, I guess the issue now is how quickly can they put good foundations in place and how much time are they going to get to do it?

It would be pretty easy (salary cap aside) to spend our way out of this league with the apparent wealth they have, much harder and more expensive in the championship, but foundations generally take a bit of time to put in place.
 
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