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Confirmed KLD only owns 41%

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Dilligaf60 said:
It’s a murderer sympathiser fanzine. I wouldn’t wipe me arse on it. Either the ink comes off or it makes a mess of me ipad screen.
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My point is more generic on this.

When you posted that, it made me go search on twitter for what shite they posted. I didn't click the link, but it drove engagement.

Best to ignore the ***** and let them rot. Local papers make fuck all money, if even Sunderland fans on RTG stopped visiting the rag or engaging with them, they'd be in loss if they're not already.
 
KittenMittens said:
So basically...

They used it to buy the club, is the short answer. They agreed a valuation of £37.6m with Short, at least £25m of which came from parachute payments. That money then became a debt to the club from their holding company, and it meant that whenever they put money in, it was slowly paying off that debt.

They had paid back £4.5m by the time they wrote off the remainder, meaning that they had no legal obligation to pay any more back. We've heard varying reports on what had been put back in, but I reckon Hep was accurate with his £13m owed personally by Donald, which implies that in thr last 2 years he has put in £2m, likely to cover running costs, while Juan put in £400k over the same time.

That means that of the £27m SD paid for us personally, he has likely only actually paid somewhere around half of the cash so far, with no actual obligation to pay any more. If we were sold tomorrow for the same price, he would have made a £13m cash profit, all of which effectively comes from the club's coffers.
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That needs putting on every billboard in Sunderland
 
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Wendall Gee said:
Hi mate, I do genuinely hear what you what you are saying , however I am suggesting that the wording of the statement was designed to do just what you say happened to mislead and not lie, therefore why would they correct misrepresentation when it had the desired effect. When they get called upon it, they state they never said that, and have the evidence to prove it. People on this thread have said they have lied, I am saying we have been mislead, in most eyes that is no difference, however legally it is massive.
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I did say all of this on the initial takeover thread and got absolutely slated and called a mag. Ashley In and Grumpy the two calling me all sorts and Kildare who gets loads of grief on here the only one who talked sense.

Now it’s came out I hope all the posters who were name calling hang their heads. As I said at the time, I was passing on information from a friend of SD and had no reason to lie.
 
KGC83 said:
Here’s that slightest shred of evidence you were asking for @Hep

You complete and utter f***ing bellend what you are
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What difference has it made.

What is the eventual outcome that the fans want?

I’ll admit I was wrong thinking the percentages were different, but the point still stands…. Now what?

And replying saying you want Madrox out of the club isn’t an eventual outcome.
 
Hep said:
What difference has it made.

What is the eventual outcome that the fans want?

I’ll admit I was wrong thinking the percentages were different, but the point still stands…. Now what?

And replying saying you want Madrox out of the club isn’t an eventual outcome.
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They need forced out the club, they have told bare faced lie after lie to the supporters.
 
Uromastyx said:
What progress you do you think we have made? We are out of the automatic promotion race in mid-February, face a fight to stay in the play-off places and have an incredibly lopsided squad. I can't see any progress.
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Sick of saying this. It was Speakman in death row last few days.
Recruited better younger players, academy better, retained players, club infrastructure and now manager.
 
KLD has made a right pigs ear of this, unsure as to how he can salvage this.
Hopefully it’s the beginning of the end for Madrox, if KLD fucks off I won’t lose any sleep.
One thing is for sure fans just can’t do nothing this time, the outrage, hatred and volume needs to be constant.
 
Just want to clarify because I've seen this theory floated about Sartori not having voting shares...

I'd class this as extremely unlikely. I say this because madrox didn't have any different share classes that I recall. That means all of the shares would have been class A, ordinary shares that conferred the same rights to all investors.

So to get from that to Sartori not having any voting shares, would be extremely difficult, and mean he voluntarily, as part of this process, agreed to take a new class of shares that gave him less rights, which seems extremely unlikely and convoluted. Its not theoretically impossible, but... no. Just trust me, nobody is doing that while still being on the hook for decisions made with their old voting rights.
 
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