• The forums will be unavailable for a few hours on Saturday 6th June, when they do return they will initially be in a degraded state with some features missing, but normal posting/reading will be possible. The main website will not be affected by these updates.
    New user registrations are currently disabled.
    Some other features of the forum are also currently disabled.

Another new director appointed by Donald...

Status
Not open for further replies.

No7 said:
Exactly. He had to show the EFL an account with £50m in. It was one of the hurdles in the fit and proper test.

But aye, Lee Ryder was close at £8m
Click to expand...
was it £50m? Im not saying your wrong but if Stewart had £50m in cash in an account, he must be worth vastly more than that, his non cash assets should be at least the same amount as that again..
 
kildaremackem said:
was it £50m? Im not saying your wrong but if Stewart had £50m in cash in an account, he must be worth vastly more than that, his non cash assets should be at least the same amount as that again..
Click to expand...

Think SD might have misled a bit on that one. As far as can be seen, FFP doesn't require owners to show proof of their own funds - only that the club will have sufficient funds to operate over X amount of time.
 
JimmyQuinn said:
Think SD might have misled a bit on that one. As far as can be seen, FFP doesn't require owners to show proof of their own funds - only that the club will have sufficient funds to operate over X amount of time.
Click to expand...
But I think he had to show he could cover the losses personally? And we lost £30m or something?
 
kildaremackem said:
But I think he had to show he could cover the losses personally? And we lost £30m or something?
Click to expand...

Again I think saying him personally is misleading as I don't think he specifically needs to provide the money. But I do think he needed to show that the club could get that money should it need to. Likelihood is it's a mix of him (or other owners) putting money in, the club using parachute payments, cutting costs and, if necessary, obtaining external loans.
 
kildaremackem said:
was it £50m? Im not saying your wrong but if Stewart had £50m in cash in an account, he must be worth vastly more than that, his non cash assets should be at least the same amount as that again..
Click to expand...

2nd episode with Roker Report. He stated he had to show £50m in an account as part of the fit and proper person test
 
I trust he knows the setup he requires to get the best for the club. Tony Davison coming from Tottenham was a real vote of confidence for me like.
 
The Echo are saying this Fox guy and Donald have a property company called FoxDons...an amalgemation of their names..
and a cut of Bridle Insurance to the tune of 15 per cent...
 
Status
Not open for further replies.
Back
Top