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Takeover News/Rumours - Part 42

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Guinness Guzzler said:
I'm not sure that's quite true mind. I don't believe that Stewart Donald was the only person in the world prepared to buy a Sunderland AFC that was going to have the vast majority of its debt wiped out. Why Short chose Donald is a mystery but I certainly don't agree that it was take that deal or liquidate the whole club! In fact Donald has even mentioned that there were other people interested. And aye, people do make mistakes, but fuck me Donald has made more than a few and has shown himself to be incapable of even achieving the relatively small ambition of getting us out of this division, whilst simultaneously destroying the academy which should, in theory, have been a cornerstone for our re-emergence
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This
 

Steeeeed said:
The fact that so many on that SAFC FAN TV poll want to give Storey a chance probably says as much about the current owners we need ever know.
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As much as I hate to say it, it does need to be said.
Theres a large proportion of our fanbase that are absolute morons.

Cling onto buzzwords and hyperbole and hollow soundbites from chancers Like Stewart Donald then as if experience has taught them nothing, do the same with William Storey.
The adage is true the empties vessels do make the most noise.
 
stubber said:
What is the provenance of this gen? How do you know about it? None of this is in the public domain.
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Yeah, my friend's brother worked as a translator/English tutor for someone on the Spanish side of Madrox. I was contacted because I was the only Sunderland fan who anyone knew (mate is from London). I was asked a few questions about us by said group, and in return was kept broadly in the loop by my friend's brother.

By the time it ended, their opinion of Donald was mud (after thinking he could be great at first, ring any bells?). It was meant to be 51% Spanish group - it was a consortium of owners, some of whom are now owners of other clubs in Spain - 24.5% Donald and 24.5% someone else (who now believe was Sartori). He tried to make it 33% each, which would have meant he and whoever the third party was would effectively be majority owners if they aligned. The Spanish pulled out and looked elsewhere.

Who knows if it would have worked out, but I do know that Short was willing to write off the entirety of the debt in April of that year as part of that deal, and the consortium would have paid for the club up front. Between them their estimate was that it would take 9-figures of their own investment to get us to the PL, and they were comfortable with that.

Instead we got a Rumbelows deal that allowed Donald to pay a small deposit and the rest he syphoned out of the club, to be 'drip fed' back in. Ugh.
 
KittenMittens said:
Yeah, my friend's brother worked as a translator/English tutor for someone on the Spanish side of Madrox. I was contacted because I was the only Sunderland fan who anyone knew (mate is from London). I was asked a few questions about us by said group, and in return was kept broadly in the loop by my friend's brother.

By the time it ended, their opinion of Donald was mud (after thinking he could be great at first, ring any bells?). It was meant to be 51% Spanish group - it was a consortium of owners, some of whom are now owners of other clubs in Spain - 24.5% Donald and 24.5% someone else (who now believe was Sartori). He tried to make it 33% each, which would have meant he and whoever the third party was would effectively be majority owners if they aligned. The Spanish pulled out and looked elsewhere.

Who knows if it would have worked out, but I do know that Short was willing to write off the entirety of the debt in April of that year as part of that deal, and the consortium would have paid for the club up front. Between them their estimate was that it would take 9-figures of their own investment to get us to the PL, and they were comfortable with that.

Instead we got a Rumbelows deal that allowed Donald to pay a small deposit and the rest he syphoned out of the club, to be 'drip fed' back in. Ugh.
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I remember reading (probably your) posts at the time saying it was Spanish based, and even the club statement mentioned an "overseas consortium" or words to that effect. The signs were there from the start, but I suppose we were easy to manipulate because of how desperate we were, it's a lesson worth remembering
 
KittenMittens said:
Yeah, my friend's brother worked as a translator/English tutor for someone on the Spanish side of Madrox. I was contacted because I was the only Sunderland fan who anyone knew (mate is from London). I was asked a few questions about us by said group, and in return was kept broadly in the loop by my friend's brother.

By the time it ended, their opinion of Donald was mud (after thinking he could be great at first, ring any bells?). It was meant to be 51% Spanish group - it was a consortium of owners, some of whom are now owners of other clubs in Spain - 24.5% Donald and 24.5% someone else (who now believe was Sartori). He tried to make it 33% each, which would have meant he and whoever the third party was would effectively be majority owners if they aligned. The Spanish pulled out and looked elsewhere.

Who knows if it would have worked out, but I do know that Short was willing to write off the entirety of the debt in April of that year as part of that deal, and the consortium would have paid for the club up front. Between them their estimate was that it would take 9-figures of their own investment to get us to the PL, and they were comfortable with that.

Instead we got a Rumbelows deal that allowed Donald to pay a small deposit and the rest he syphoned out of the club, to be 'drip fed' back in. Ugh.
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So does this mean there was a deal in place for a consortium to buy the club (without using parachute payments) but Donald cut them out and used the para payments himself to sweeten the deal and lumbering the club in the shit in the process?
 
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