Loans/ Debt to the owners

[ir35]

So in a nutshell our owners in all likelihood are still ar#eholes.

 

[threepenny bits]

So pleased the piss taking party stopped

 

[Be Here Now]

I asked the question, why is it a problem. No answers yet....

The hypocrisy of you saying no answers yet.

I'm still waiting for an answer why you constantly stick up for rich people who care as much about SAFC as Putin cares about Ukraine whilst constantly running down our mainly working class fanbase who invest so much money and effort to follow Sunderland

 

[Yankee]

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[sir rowell cummins]

Very few directors loans are interest bearing (though some are). Equally very few are secured.

And I’m presuming these are both ? Sorry my daughter’s to get a few broken bones and I’m on nurse Rowell duty so not time to keep up with it all.

 

[Norwich Red n White]

Fine with Putin sending rockets into houses with children in as well?

Cracking comparison that!!!

 

[GAS Man]

Trust fund baby has no money and his family have little interest in this football club. They continue as past owners to take the piss out of us. Please all 4 of you fuck off.

 

[sir rowell cummins]

The difference of course is Donald has claimed he is paying back the para payments. A directors loan isn't paying that back.

Ah ! So this is linked to pretending to pay back that ?? Sorry I’m with it now.

 

[Hull_Mackem]

Then I would urge you to actually read this forum !! It's a post Bob put out two days back...this is no bullshit

I know from experience to not bother with any vague alleged rumour this Bob character types. Bizarre anyone pays him attention let alone give him some sort of special status.

And two days back I was at the match.

Then I would urge you to actually read this forum !! It's a post Bob put out two days back...this is no bullshit

Feel free to just tell me what's happening if you actually know.

 

[Happy_Layabout]

It makes no difference.

The club they own, owe money to them. It's a frequently used accountancy method known as a directors loan.

Can anyone explain why they think it's an issue?

No. Wrong.

A directors loan is when a company loans money to its directors. This is the total opposite. Stop pretending on subjects you know nothing about.

 

[TexasMackem]

I don’t understand our clubs finances which is fine by me because

a. I am just a fan

b. There is absolutely nowt I can do about any of these issues.

Probably not the thread for you then, or the forum in fact.

 

[Swindon On Tour]

So the Chancers:

• took ownership with the club debt free and "offset" the purchase price using the clubs own money
• oversee it produce the worst team (year after year) in terms of league position in its 143 year history
• and now have the club in debt

And people still defend them

....and yet you all go to the match, no vocal resentment against them and no protests?
Find that incredible as I do with the incredible numbers that keep turning up accepting the shite.

 

[hardlife]

....and yet you all go to the match, no vocal resentment against them and no protests?
Find that incredible as I do with the incredible numbers that keep turning up accepting the shite.

Too right......all of you stop going.

 

[UrbanFox]

“What if shares this”, “what if money that”?????
All complete absolute bunkum unless/until the actual -ie actual facts are known!!
But if I must join in with the supposition then my own own feelings are that KLD is a very young, very naive, greenhorn proxy multi-millionaire who is quite happy to meekly swim along in the dark, murky swamp of football ownership, happy to be naively surrounded and “advised” by the basking “squatter” sharks such as Donald, Methven, Sartori & et al because he knows no better. He’s like a child who’s wealthy parents have said “let him loose with a limited barrowload of money and let him learn from owning the small fry before we let him loose with the serious stuff”.
KLD is at best here to learn his trade - at worst a patsy -at best to cut his teeth at the shitty end of football club ownership.
Why the hell else would anyone of his supposed wealth even contemplate buying into such a rancid third rate English club??
Would you??

 

[TJBlackCat]

....and yet you all go to the match, no vocal resentment against them and no protests?
Find that incredible as I do with the incredible numbers that keep turning up accepting the shite.

It is incredible, but it's because for most fans going to the match is a way of life and most are unwilling to give this up even if doing so may be for the good of the club in the long term. People are very good at separating the ownership issues from supporting the team.

 

[Ashley In!!]

Have to say the idea that CM, SD and JS might gift us the money just to be a great bunch of lads is one of the funniest things I've ever read on here.

 

[Wearside Wanderer II]

Fwiw I don’t think Kyril is jumping ship so to speak, if he does then that will taint he for all future business ventures, especially if his main aim it to run Marseille.
I would be more swayed towards toot and boot selling their shares to someone else, however I would have thought KLD would have had first refusal as part of his purchasing deal

 

[Guinness Guzzler]

....and yet you all go to the match, no vocal resentment against them and no protests?

That might change before long

 

[Big Jeff]

Fine with Putin sending rockets into houses with children in as well?

No.

 

[1879]

....and yet you all go to the match, no vocal resentment against them and no protests?
Find that incredible as I do with the incredible numbers that keep turning up accepting the shite.

Meh, it’s what we do, despite all the anger and gnashing of teeth on here and social media the hardcore will always back the team… despite the never ending shite we endure.

One day, hopefully we’ll find our way back.