Takeover News/Rumours - Part 42

[The Beautiful Game]

Depends on the structure. If Sartori moved his shares into a company co-owned by him and Louis-Dreyfus, then that company would own 80%. This makes even more sense if, as seems likely, further consortium members will come on board as and when they can get EFL clearance. The assumption people make is that Donald, Methven and Sartori are singing from the same hymn sheet. My own feeling is that they very much aren't. Donald just wants to be as far away as possible while maintaining some skin in the game, Methven thinks he has unfinished business here, and Sartori is probably pissed off beyond recognition at how badly the other two have screwed it up. I'd say it's more likely they're at loggerheads.

But Methven and Donald don't think they've screwed up at all and Sartori is a mate of those two. Its very feasible that Methven and Donald are feeding him the same narrative they're convincing themselves of and he trusts his mates. If he was pissed off with how they've been running it there'd be no chance he'd be letting either of them have a continued role post completion.

 

[Moderate Power]

How would Armstrong be privy to this sort of information

Why would he post it and undermine the positivity? Has he an axe to grind?

 

[KittenMittens]

No shares in Sunderland will change hands. It will be a realignment in the shareholdings n Madrox.

Realignment

You keep pretending this is a legitmate thing. KLD is buying shares in us. That is not a realignment, as a new party is being introduced. Realignment suggests the existing parties are changing the %. Why are you persisting with trotting out these lines when they are clearly not representative of what is happening?

 

[KGC83]

Why would he post it and undermine the positivity? Has he an axe to grind?

He was bang on the money about the last takeover so I’m guessing he won’t be far wrong

 

[The Beautiful Game]

How would Armstrong be privy to this sort of information

He and mickey gray were got called all sorts for voicing their opinion on Donald et al last time and they were spot on.

 

[Grumpy Old Man]

But Methven and Donald don't think they've screwed up at all and Sartori is a mate of those two. Its very feasible that Methven and Donald are feeding him the same narrative they're convincing themselves of and he trusts his mates. If he was pissed off with how they've been running it there'd be no chance he'd be letting them have a continued role post completion.

Methven and Donald fell out after the play offs. He has about as much regard for Donald's capabilities as he does for our business knowledge. Donald knows he's screwed up - he just wants an out that holds out the chance of more money later.

 

[hank williams]

Why would he post it and undermine the positivity? Has he an axe to grind?

Yes he's an axe to grind cause he wanted one of the other consortiums to take over the the club before Donald got his grubby Hands on the club

 

[dave hedgehog]

No way will a billionaire invest his moeny into something that he isnt able to have full control over. Either its just an initial ohase involving the numpties until the rich lad decides to buy their shares.... id expect he has bought for a cut price if this is the case otherwise id tell donald and meth tits to fuck off with immediate effect.

Im hoping we are going to have some proper football decision makers at the club under new regime. The money means fuck all without it

 

[Grumpy Old Man]

Realignment

You keep pretending this is a legitmate thing. KLD is buying shares in us. That is not a realignment, as a new party is being introduced. Realignment suggests the existing parties are changing the %. Why are you persisting with trotting out these lines when they are clearly not representative of what is happening?

You misunderstand. What I'm saying is that only shares in Madrox will change hands. I'm very much aware of the existence of new shareholders, thank you.

 

[Super Ted]

No shares in Sunderland will change hands. It will be a realignment in the shareholdings n Madrox.

Yes I know, thats my point. There's no way if Dreyfus purchases 40% shares, a decision can be made as a collective i.e. Satori, Methven and Donald without his say so. Infact it would only be Satori and KLD with power.

 

[Dilligaf60]

No way will a billionaire invest his moeny into something that he isnt able to have full control over. Either its just an initial ohase involving the numpties until the rich lad decides to buy their shares.... id expect he has bought for a cut price if this is the case otherwise id tell donald and meth tits to fuck off with immediate effect.

Im hoping we are going to have some proper football decision makers at the club under new regime. The money means fuck all without it

Aye. Been there and done that.

 

[The Cabbage]

Some are getting too obsessed with CM remaining.

The sporting director will be running everything that's important for us, performance, recruitment and team matters etc. That's the key appointment.

Not if he’s ultimately answerable to Methven. The man is a disaster.

 

[Grumpy Old Man]

Yes I know, thats my point. There's no way if Dreyfus purchases 40% shares, a decision can be made as a collective i.e. Satori, Methven and Donald without his say so. Infact it would only be Satori and KLD with power.

That only works if Sartori moves his shares into a partnership with Dreyfus.

 

[The Beautiful Game]

Methven and Donald fell out after the play offs. He has about as much regard for Donald's capabilities as he does for our business knowledge. Donald knows he's screwed up - he just wants an out that holds out the chance of more money later.

Which is fine. At the end of the day they'll only sell what they are willing to sell so if they have to retain a stake then so be it but dont appoint them to any physical roles at the club. If Charlie is given any sort of say by the new regime then they clearly think he's capable and they clearly buy into his narrative and his way of thinking.

 

[sksk3021]

The major thing from this is more ITK chat that Methven is going to be more than a silent partner in all of this. The 40% + 40% chat doesn't worry me because that's exactly as expected based on what we've heard. KLD is not stupid, if he wants change, he isn't going to put substantial money into something he ultimately cannot control from a legal perspective (imo).

But Methven having an active role in our future is pretty much unacceptable and is tantamount to sticking two fingers up at us. After everything he's said, the way he's conducted himself both when he was here and after he left, I just can't comprehend why someone would think that was a good idea. Absolutely baffling.

Do we know he is going to be putting substantial money in? Maybe it’s a chance for him to get involved in running football relatively cheaply.

 

[beezer]

Yes, my concern has been that a 22 year old kid with a trust fund does not just rock up and buy a football club. If he was to, why would Donald still be involved.

A dilution of Donald’s ownership to bring in more capital seems a lot more plausible. Maybe the kid has more money than sense but the need for Donald to seek more capital is suggestive that the club is not on a sustainable footing.

To be fair I cannot imagine many clubs outside the top tier are.

I think SD probably couldn’t get the full asking price now as we‘re simply making up the numbers in L1 at the minute.

The price will have been X in L1, Y in the championship and Z in the prem.

As his plan was to get promoted and flip the club for a profit after 1 season, he probably now wants to hang on to some shares and sell those at Y or Z price in the future rather than selling all his shares for X now. Hopefully once KLD takes over SD and CM will be nothing but silent partners in the background waiting for their pay day.

 

[Grumpy Old Man]

Not if he’s ultimately answerable to Methven. The man is a disaster.

The suggestion is that the SD will be de facto chairman with a CEO reporting. It's more akin to an NFL set up, where football people run the show with admin working for them.

 

[Red]

This takeover, if you can call it that, looks a complete sham. The 3 clowns who got us into this mess are still going to have overall control of the club and the less said about that gobshite Methven still involved the better. Not getting good vibes about this at all.

Source?

 

[Mowgli]

Anything with methven involved in will be shite. The bloke got his shares based on his 'work' st the club. Which is fine, apart from the fact he contributes absolutely nothing and has no football acumen.

 

[Deleted User 18963]

Not if he’s ultimately answerable to Methven. The man is a disaster.

Just wait mate. I actually think someone with your footballing philosophy might be pleasantly surprised.