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Adam Pearson Consortium

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Amazing how top blokes like Dangermows and me can get banned time after time but some of the mag shysters can carry on posting with impunity. :D
 
ironman said:
Its HP


How close is your bid he says it wont be long?
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I don't know. I was given a figure but I'm sceptical that anyone is close enough to say it won't be long. I don't think anyone has an agreement with Short yet so anyone saying it's 'close' is probably overstating.
 
Only SAFC would want rid of a billionaire. . . .it's a shame it's worked out so badly for him and us. De fanti (failed) O'Neill....in fact everyone has failed under him. Including CC.
 
sad-eyed prophet said:
What are the terms of the bond mate?
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When we took out the SBC loan, we were required to lodge a £20m bond with them. It's shown in the clubs book as an investment. The money for that came from Drumaville. It's actually denominated in dollars, so, because of the fall in the value of the pound after the EU referendum, it was actually worth more than that in the 2016 accounts. Accounting rules mean you have to revalue it at the exchange rate at the ear end, so it will probably show as a bit less in the 2017 accounts. It will be returned when the loan term ends (or, more likely, used to offset it).
 
Grumpy Old Man said:
When we took out the SBC loan, we were required to lodge a £20m bond with them. It's shown in the clubs book as an investment. The money for that came from Drumaville. It's actually denominated in dollars, so, because of the fall in the value of the pound after the EU referendum, it was actually worth more than that in the 2016 accounts. Accounting rules mean you have to revalue it at the exchange rate at the ear end, so it will probably show as a bit less in the 2017 accounts. It will be returned when the loan term ends (or, more likely, used to offset it).
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Thanks... so to get the SBC loan down to £30m we could use the bond and then have to find £18m from player sales?
 
lozza said:
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Sunderland. Problem is the ongoing costs. That’s on top of any money paid to Short. Local group wanted to manage it and then take over. Looked possible at one point. Now not so much. Short wants guaranteed exit ASAP. Just don’t see this being sorted fast myself.

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Short wants whats best for Sunderland? I dont f***ing think so reading that

Safc88 said:
Imagine thinking it was happening :lol:
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Imagine thinking this is actually funny

kingkeane said:
Unless we get an extremely wealthy buyer there's only one way I am afraid. It's the fans that suffer. Utter misery. If no sale happens this summer we may as well fold the club. We will fall into league 2. For all I love Quinny and he thought he was doing the right thing he's sold us to a cold hearted man who thinks of only himself. A businessman who knows nothing about football.
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Even randy Lerner cut his losses, this fucker is just a heartless greedy bastard
 
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steve30000 said:
Short wants whats best for Sunderland? I dont f***ing think so reading that


Imagine thinking this is actually funny


Even randy Lerner cut his losses, this fucker is just a heartless greedy bastard
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Imagine being such a miserable bastard like you
 
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steve30000 said:
Short wants whats best for Sunderland? I dont f***ing think so reading that


Imagine thinking this is actually funny


Even randy Lerner cut his losses, this fucker is just a heartless greedy bastard
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He became a billionaire asset stripping distressed companies, the alarm bells should have been ringing the second the source of that c unts income became apparent; sadly too many of us were buzzing that we had a billionaire backing us, little did we know in time we would be his next client.
 
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