36.5 million


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How much did bates get from Chelsea?

140 million iirc?

He bought it for a quid, taking on a couple of million of debt which I'm guessing was a fair wedge in the 80s. In so far as I can tell he made a modest profit of around 17 million on the deal
 
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Would rather see Short lose the lot and for us to go into administration and start from scratch like Leicester, Southampton etc..
 
Would rather see Short lose the lot and for us to go into administration and start from scratch like Leicester, Southampton etc..

I'd rather a bored, loaded Arab bought us and paid him what he wants for it tbh but whatever floats your boat :D
 
I'd rather a bored, loaded Arab bought us and paid him what he wants for it tbh but whatever floats your boat :D
I'd obviously rather that, but the current predicament has nothing to do with bettering the team, it has everything to do with putting money in Short's pocket.
 
Because we over 100m in debt and Short is sick of giving HIS money to managers who waste it.

He must get sick of having to pay off incomeptent staff that he has appointed as well.
 
To short.
The owner.
Who owns this particular business.
Not a bank.
Not a lender.
But short.
The actual owner.
Get it?
Yeah it's a very simple concept to get. Get this concept he has wasted 10 s of millions of pounds and now is refusing to invest further as we are in massive debt. He can walk away anytime and he will have only lost the money he has personally put in. We the club are left with the remaining Debt we need to reduce our debt to ensure our survival. I don't give a shit about Short but I do care about the future of the club. Get It.
 
What did randy lerner do? Remind us, fella... I'm sure he sold at a loss

All business transactions are exactly the same and all have the same motives and personal circumstances :rolleyes:

I'm not on Shorts side...I think he's a cock but I'm not gonna piss my pants on matters I have no control of or have all the ins and outs on...
 
I'd obviously rather that, but the current predicament has nothing to do with bettering the team, it has everything to do with putting money in Short's pocket.

Why do people keep repeating this claptrap?

If that was the case I'd be all for it, as it would ease him gradually out of the club. The fact is we've been heaemoraging money chasing bad decision after bad decision. The likelihood is fuck all money from sales this season will go directly to Short, but they'll simply help pay the large loan we have and is meant to be paid by 2019, pay the wage bill and monies owed in transfer fees which we couldn't do simply with 46m TV revenue for a season this year and 36m next and 18m the year after.

As nice as it is to have conspiracy theories and someone to hate it's actually much f***ing simpler - we are financially screwed and have an owner who has absolutely cut his interest off to the point he's not willing to let us run at a loss anymore and be a penny more in debt. Getting out of that takes a fair bit more than 38m of sales when you're in it up to your eyeballs.
 
Ellis Short must be an abb for Easily Looses Lots in Setting Shite Hasbeens Obviously Requiring Toothpaste.
 
ah I get ya
so he's not at all then.

Even if he's paying off debts to himself that is not asset stripping

Asset stripping leaves the net balance sheet position poorer by selling off the assets, and then paying that cash out as a dividend to investors. Selling a asset to pay a debt reduces both an asset and a liability, and leaves the net position unchanged. Semantics maybe, but there is a difference.
 
Some fans are so obsessed with "not looking like mags" they'd cuddle their flasks watching us in league 2 before they'd publically expressed anger at the yank.
League two ? We could disappear out of existence if we just keep spending money and increasing our debt.
 
What was out wage bill roughly each year for say the last 5 season?

£64m, £57.8m, £69.5m, £77.1m and £83.9m

Ellis Short initially Was funding the club by 20 million a year,a loan Was taken out for £120 million in the name of Sunderland AFC. Ellis Short no longer subsidises the club.


Our debtt It's not that much

Absolute cobblers.

There is an external loan for £68m, and a debt to Short's holding company of £69m. Oh, and the small matter of £101m of earlier debt turned into shares. It may be true to say that he's not going to subsidise it further, but the subsidy is already there.

People are so naive, if Sunderland were losing money Short would have sold up in the summer... He knew fine well he could make more money leaching from the club.

Short is making millions out of this club while the fans have to put up with paying top money to watch championship football, Short is asset stripping any player of value while replacing them with league 1 players... Well guess where that'll get us.

Go to this site https://beta.companieshouse.gov.uk/company/03189630/filing-history . Then download the pdf called Group of companies' accounts made up to 31 July 2016. Read it, and then come back and tell me where the money is being taken out by Short.

This shit is made way to complicated...Short is a failure at being a football chairman. He clearly fucked up by not replacing Nial Quinn with a football man..

He never had vision enough to find a manager that fit Sunderland, never established any wage structure or yearly budget to build a solid foundation. In my opinion, his only experience with sports was the American version where the money is split evenly with every team and there's no relegation...

He was here for the money and had zero interest or knowledge on how to run an English Premier Club. He shit the bed and instead of calling for help, he just kicked the shitty sheets to the end of the bed...

Under Niall Quinn's chairmanship, club debt went from £35m to £96m. Quinn was a football man, but had the financial acumen of a whelk.
 
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how much cash needs to be generated to pay down the debts ? just a question that i was just thinking about, as in will the owner be reducing it right down to £0.00 or is their a cut off point ?@Grumpy Old Man.
 
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