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WMS Who Owns Sunderland AFC?

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RTG

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Sunderland AFC are nine months removed from a reported takeover, yet fans still have no confirmation of who actually owns how much of their club. Chris Weatherspoon looks at a big question that needs answering.

The post appeared first on .

 

KLD owns the majority. Surely that's all that matters in reality? Just because a new plan hasn't worked perfectly from the off he's written that pile of shite.

Basically, recent results have taken a dive, so lets pull on and spin as many potential negatives, despite the many unknowns.

Whinging on because KLD spoke to Jim White, the same as Donald did man (he knows Jim White, although an arse, is one of the biggest journalists/reporters aye?) :lol:

It's just petty, misguided negativity imo, especially when concluded with this:

"The question has been put to the football club in recent weeks and, to their credit, they have confirmed the club’s aim is ‘to ensure supporters have full visibility and understanding of the ownership, the structure and how the club operates.’ An explanation of all of the above is now expected at the next Supporters’ Collective meeting, set for tomorrow night – Tuesday November 30th."

Making it all a non-issue anyway :lol:
 
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KLD owns the majority. Surely that's all that matters in reality? Just because a new plan hasn't worked perfectly from the off he's written that pile of shite.

Basically, recent results have taken a dive, so lets pull on and spin as many potential negatives, despite the many unknowns.

Whinging on because KLD spoke to Jim White, the same as Donald did man (he knows Jim White, although an arse, is one of the biggest journalists/reporters aye?) :lol:

It's just petty, misguided negativity imo, especially when concluded with this:

"The question has been put to the football club in recent weeks and, to their credit, they have confirmed the club’s aim is ‘to ensure supporters have full visibility and understanding of the ownership, the structure and how the club operates.’ An explanation of all of the above is now expected at the next Supporters’ Collective meeting, set for tomorrow night – Tuesday November 30th."

Making it all a non-issue anyway :lol:
No really, I think it's pretty important to know who holds what power at the club as the article argues. The makeup of the board dictates all decisions going forward after all (just how much does Madrox own for example? I think it is and always will be a legitimate worry that they might not have the biggest shares individually - but could do collectively? Until we know conclusively that is not the case then people will always be worried.

The stuff about the sources is incredibly important to all fans I think. If the transfer budget (and probably other costs needed to build the club up again) can't be agreed because shareholders won't match their share then that will continue to hold the club back in the future.

The article just raises concerns as it can't name things outright for fear of legal retribution, as we as fans have little understanding/ knowledge, but if they've heard things from behind the scenes then fans need to know imo.
 
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the confirmation statement thing is wierd though...
but wetherspoon is wrong to read to much into what he sees as a change of tone from KLD...as chairman he has to at least pretend to respect and care about the interests of all shareholders.
 
No really, I think it's pretty important to know who holds what power at the club as the article argues. The makeup of the board dictates all decisions going forward after all (just how much does Madrox own for example? I think it is and always will be a legitimate worry that they might not have the biggest shares individually - but could do collectively? Until we know conclusively that is not the case then people will always be worried.

The stuff about the sources is incredibly important to all fans I think. If the transfer budget (and probably other costs needed to build the club up again) can't be agreed because shareholders won't match their share then that will continue to hold the club back in the future.
We're, by the article's own admission, finding out tomorrow. So why stir up a load of speculative shit beforehand?
 
Maybe in order to ensure it is actually mentioned in the meeting and trying to demonstrate why it is important it is answered?
The club have obviously said that because they've already been asked :lol:

Just not helpful because all the negative wonderings in that article will be taken, passed around and become absolute solid facts on here and elsewhere. Just not helpful when the answer is coming anyway.
 
Good to see Chris Weatherspoon asking the right questions again. And, entirely in keeping with the last time he did, he’s getting shite for daring to ask some questions that shouldn’t really have to be asked.

It’s amazing how quick supporters turn on one of their own who genuinely cares in order to stick up for people who are temporary custodians of the club.

Maybe it is a lot of words for not a lot of substance as someone has suggested, but we are entitled to know one way or another.
 
We're, by the article's own admission, finding out tomorrow. So why stir up a load of speculative shit beforehand?
I do agree with this mind. If the hope is to find out more tomorrow, then I'd sit on the article. If the answers are forthcoming it renders it redundant. If they aren't then that's the time to release an article and ask why we aren't getting the information they promised. I do think it would be good to have some clarity on the ownership, on short term goals, long term goals, all of it. But let's give them the chance to address it through the right channel tomorrow and see where we're at then. The confirmation statement stuff is strange mind, I can imagine Madrox having people who miss things (GOM has flagged that up plenty of times) but the hope is that KLD and his people are a different animal. But again, he's a day or two early with this one
 
I do agree with this mind. If the hope is to find out more tomorrow, then I'd sit on the article. If the answers are forthcoming it renders it redundant. If they aren't then that's the time to release an article and ask why we aren't getting the information they promised. I do think it would be good to have some clarity on the ownership, on short term goals, long term goals, all of it. But let's give them the chance to address it through the right channel tomorrow and see where we're at then. The confirmation statement stuff is strange mind, I can imagine Madrox having people who miss things (GOM has flagged that up plenty of times) but the hope is that KLD and his people are a different animal. But again, he's a day or two early with this one
tbh i hadnt een realised that madro should have reflectedany change in their own statement..i just noted that davidson from the safc point of view would be resposible for changes at safc level.
but i think mercator are the controlling party..nt kld personally, and theyare registered very off shore
 
Good to see Chris Weatherspoon asking the right questions again. And, entirely in keeping with the last time he did, he’s getting shite for daring to ask some questions that shouldn’t really have to be asked.

It’s amazing how quick supporters turn on one of their own who genuinely cares in order to stick up for people who are temporary custodians of the club.

Maybe it is a lot of words for not a lot of substance as someone has suggested, but we are entitled to know one way or another.

So long as KLD has more 50%+1 of the shares in Sunderland, or in any entity which owns 100% of Sunderland (equally plausible), he has full control of any appointments to, or dismissals from the boards of Sunderland and all its subsidiaries.

The directors of Sunderland are KLD, Igor Levin and Patrick Treuer.

The directors of SAFC are the three above plus MLD, Steve Davison, Juan Sartori, Simon Vambuca, and Dave Jones.

Of those, only Vambuca is thought to represent the interests of Donald and Methven.

It's thus clear that KLD has total control, in management terms, of the strategic direction of the club by a simple majority of the boards being his appointees.

Yes, the confirmation statement is wrong, and that's a consequence of having no-one in place with a proper handle on company secretarial requirements. Hardly a hanging offence.
 
Having no 'person with significant control' most commonly means that there is no one person who owns more than 25% of the shares outright.
 
So long as KLD has more 50%+1 of the shares in Sunderland, or in any entity which owns 100% of Sunderland (equally plausible), he has full control of any appointments to, or dismissals from the boards of Sunderland and all its subsidiaries.

The directors of Sunderland are KLD, Igor Levin and Patrick Treuer.

The directors of SAFC are the three above plus MLD, Steve Davison, Juan Sartori, Simon Vambuca, and Dave Jones.

Of those, only Vambuca is thought to represent the interests of Donald and Methven.

It's thus clear that KLD has total control, in management terms, of the strategic direction of the club by a simple majority of the boards being his appointees.

Yes, the confirmation statement is wrong, and that's a consequence of having no-one in place with a proper handle on company secretarial requirements. Hardly a hanging offence.
should steve davidson not have had a handle on that? isnt he company secretary? also, if mercator is the controlling party, would the be in the confirmation statement.
 
So long as KLD has more 50%+1 of the shares in Sunderland, or in any entity which owns 100% of Sunderland (equally plausible), he has full control of any appointments to, or dismissals from the boards of Sunderland and all its subsidiaries.

The directors of Sunderland are KLD, Igor Levin and Patrick Treuer.

The directors of SAFC are the three above plus MLD, Steve Davison, Juan Sartori, Simon Vambuca, and Dave Jones.

Of those, only Vambuca is thought to represent the interests of Donald and Methven.

It's thus clear that KLD has total control, in management terms, of the strategic direction of the club by a simple majority of the boards being his appointees.

Yes, the confirmation statement is wrong, and that's a consequence of having no-one in place with a proper handle on company secretarial requirements. Hardly a hanging offence.

If he does indeed have total control as you mention, then it raises other questions.
 
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