Confirmed KLD only owns 41%

[KittenMittens]

the did spend it a bit..i mean they always wanted to spend it over multiple years..i suspect they had to spend more of it during the pandemic than they ex[ected to..and now..want out..notice in that article he said they will have funded the club to the tune of £21m by the end of this season..which is around what the para moneybwas?

But that's bollocks isn't it? Because KLD put in £4m of this year's funding, meaning the amount 'put in' in 3 years is £17m, which is substantially less than where they need to be. We also haven't seen the accounting mechanisms in play for that "£21m" over '3 years' which I suspect would be an interesting line by line study, not to mention the fact that £2m is projected in future!

Basically, I don't believe it'll be £21m. I think it'll be less than that no matter how you slice it.

why would they ouvote him? they get the benfits of the moeny spent

As for this - garbage. As mentioned, if they get the benefit of these type of investments, and if they're as wealthy as they claim, then there were reasons to invest in the club's infrastructure over the last 3 years, which they did not do. You can't claim that they're somehow happy for other people to cajole them into spending the money that they weren't happy to spend when they had complete control.

 

[Madlad]

There's a lot of sense in this. I don't want kld gone. I do think he needs to start being more open with the fans though, which is exactly what he said he'd be when he bought in. As others have mentioned, my main nagging doubt is why he didn't buy 100%. Donald couldn't afford to run us, especially due to covid. He'd want to keep a piece to try and cash in later but could he really demand that? Why wouldn't kld just pull out of the deal and wait a few months until Donald was more desperate? Not as if there was a queue of likely buyers. I'll feel more comfortable if he gets 100%. I certainly don't think there should be any sort of campaign for him to leave

How do you know he was offered 100% if Donald valued the club at say 50m that's 1/2mill per share %
So to buy 41% = 20.5 mill so for another 5m KLD would have had 51% so why didn't he????
Possibly because SD would only sell him 40%
There's another conspiracy to get yer heads around,,,I'm off to bed

 

[zebediah]

Very good point by Simon Jordan on Talksport there. I'm not a fan of him btw but he said why hasn't KLD with his suspected wealth not bought Madrox out from the start?

My take on the whole shenanigans has been the same for a while now.

The reason every takeover seemed protracted (or came to nothing) is because the criminals who bought our club with it's own money see us as a gravy boat.
So whenever anyone wanted to buy them out completely they weren't interested.
They think they can make more money out of us by staying on board as long as possible, ideally after promotion/s with someone else providing the finances they don't have.
So perhaps KLD wanted to buy them out, but as they dug their heels in he had a choice to play along or walk away.
Now he is a young man, but I suspect has more nous than the chuckle brothers, and even if he didn't he will have plenty of advice available.
So I hope this deal that made him the largest shareholder is the first step in slowly levering the two leeches off the mother tit.

Just my thoughts from afar.

 

[Guinness Guzzler]

How do you know he was offered 100% if Donald valued the club at say 50m that's 1/2mill per share %
So to buy 41% = 20.5 mill so for another 5m KLD would have had 51% so why didn't he????
Possibly because SD would only sell him 40%
There's another conspiracy to get yer heads around,,,I'm off to bed

My point is that Donald had already come out and effectively said he couldn't afford to run the club, he'd been talking about potential administration due to the pandemic. So why would Donald only sell him 40%? If he'd only sell 40% why not walk away. Leave him to try and afford 100% and then, when he couldn't, come back and say you'll take the whole lot. Donald couldn't afford to keep paying for us in league one, unless he got it right and got promoted he was in no position to play hard ball and only offer to sell 40%

 

[Bear Heed]

So have the perpetual happiest of clappers and those who doubted us, such as @Hep @TX45 @sir rowell cummins and @Bear Heed amongst others been on to accept they were 100% WRONG and the cub were full of shit this whole time

KLD says he has a controlling interest and I believe him. Nothing has changed. D & M are still shareholders as we always knew, KLD is going nowhere and there'll be no protest. Two southern clowns bought the club to make money, what a surprise. People we don't like have shares in the club and we want out of L1. If people believe attacking KLD will benefit the club I think they're totally wrong.

 

[sir rowell cummins]

My point is that Donald had already come out and effectively said he couldn't afford to run the club, he'd been talking about potential administration due to the pandemic. So why would Donald only sell him 40%? If he'd only sell 40% why not walk away. Leave him to try and afford 100% and then, when he couldn't, come back and say you'll take the whole lot. Donald couldn't afford to keep paying for us in league one, unless he got it right and got promoted he was in no position to play hard ball and only offer to sell 40%

Don’t you think the administration talk was all part of their hero narrative ? You hear it on here that them putting money in ‘saved us from administration’. In fact administration would have messed ukk ok their get rich on us intentions so they were saving their investment. Potentially the threat kept some baying fans away from their door or at least they thought that. It’s posters linked to them that use the ‘saved us’ narrative so it was clearly from them

 

[KittenMittens]

KLD says he has a controlling interest and I believe him. Nothing has changed. D & M are still shareholders as we always knew, KLD is going nowhere and there'll be no protest. Two southern clowns bought the club to make money, what a surprise. People we don't like have shares in the club and we want out of L1. If people believe attacking KLD will benefit the club I think they're totally wrong.

The only thing he has control of is how money is spent on the football side.

He can't change the amount of money available to spend.

Does this clear it up?

 

[Guinness Guzzler]

Don’t you think the administration talk was all part of their hero narrative ? You hear it on here that them putting money in ‘saved us from administration’. In fact administration would have messed ukk ok their get rich on us intentions so they were saving their investment. Potentially the threat kept some baying fans away from their door or at least they thought that. It’s posters linked to them that use the ‘saved us’ narrative so it was clearly from them

We certainly can't take anything he says at face value. But let's face it we already know he can't afford to run the club in this league long term. Was the administration line stretching the truth? Quite possibly. But did he need money in more than KLD needed to immediately buy Sunderland? Absolutely. His whole plan was to get us up in one season and cash in. He couldn't afford to buy us with his own money, let alone keep pumping money in during a pandemic whilst we continually stay in a division where we can never be sustainable. KLD could have waited him out and it wouldn't have taken long. Still seems very strange that he'd happily take what, on the face of it, seems a bit of a shit deal for someone who could presumably have afforded to buy the whole thing and have no questions over funding, decisions or who benefits from any future progression

 

[Bear Heed]

We certainly can't take anything he says at face value. But let's face it we already know he can't afford to run the club in this league long term. Was the administration line stretching the truth? Quite possibly. But did he need money in more than KLD needed to immediately buy Sunderland? Absolutely. His whole plan was to get us up in one season and cash in. He couldn't afford to buy us with his own money, let alone keep pumping money in during a pandemic whilst we continually stay in a division where we can never be sustainable. KLD could have waited him out and it wouldn't have taken long. Still seems very strange that he'd happily take what, on the face of it, seems a bit of a shit deal for someone who could presumably have afforded to buy the whole thing and have no questions over funding, decisions or who benefits from any future progression

Common sense tells you there has to be more than money driving KLD to spent his winter traipsing around L1. He'd make more by putting his cash in a Post Office savings account.

I've no idea what people are hoping to accomplish by attacking him. They claim they only want out of L1, this isn't helping is it?

 

[Guinness Guzzler]

Common sense tells you there has to be more than money driving KLD to spent his winter traipsing around L1. He'd make more by putting his cash in a Post Office savings account.

I've no idea what people are hoping to accomplish by attacking him. They claim they only want out of L1, this isn't helping is it?

No one is attacking him. You've made it very clear that you aren't interested in the ownership, or how much kld can fund things without Madrox input, or how much involvement Madrox members have in other areas. And that's completely fine, but obviously from the numerous threads there are a lot of supporters who are interested. If you don't care about any of this, I'm not sure why you're making quite so many posts about it tbh

 

[Tony_in_London]

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Simon Jordan sets out the issue in a very straightforward way.

These jokers bought the club with the club’s own money, then set about asset stripping while posing as trying to achieve success ... on the cheap - so far this has only succeeded in taking us to our lowest point in over a hundred years.

So why are they still holding the majority of the club’s shares?

Answers on a postcard?

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Simon Jordan sets out the issue in a very straightforward way.

These jokers bought the club with the club’s own money, then set about asset stripping while posing as trying to achieve success ... on the cheap - so far this has only succeeded taking us to our lowest point in over a hundred years.

So why are they still holding the majority of the club’s shares?

Answers on a postcard?

 

[Madlad]

Hopefully we'll find out when KLD meets with RAWA next week,
And hopefully he's got a plan to rid our club of this Madrox Disease

 

[BNM]

why would they ouvote him? they get the benfits of the moeny spent

Its a question of who has control.

 

[kildaremackem]

Its a question of who has control.

but control means different things..if its something for the baprd of directors to decide..KLD has a big majrotiy on that..
if its a shareholder matter...who knows? but they will have agreed a biudget at the start of the year

 

[Mowgli]

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[Smiter]

Apologies if I’ve missed this, but has the possibility that Satori actually has a closer relationship and loyalty to KLD over Donald & Charlie been discussed at all, as opposed to the view of Madrid could just re takeover etc?

There is obvious football links from France and also the standing KLDs family is held over there, there is no way I could see Juan doing the dirty on him.

That’s aside from the fact I saw them in the directors seats a few months back and they couldn’t have been better mates happier to see each other.

Not one to reply to my own posts but rather than start another thread, in the recent James Hunter Chronicle article he confirms around the Dreyfus and satori’s being family friends, and it’s expected Juan will continue with his holding ( which in my opinion is still not a bad thing, I have no issue with the 2 shareholder being backed overall by billionaire families ).

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Yeah this article.

 

[Nelson!]

“Willing to sell at the agreed price” so presumably what would be fair for a Championship/PL SAFC.

Utter scum.

 

[Bear Heed]

No one is attacking him. You've made it very clear that you aren't interested in the ownership, or how much kld can fund things without Madrox input, or how much involvement Madrox members have in other areas. And that's completely fine, but obviously from the numerous threads there are a lot of supporters who are interested. If you don't care about any of this, I'm not sure why you're making quite so many posts about it tbh

Hang on mate, be fair, of course I'm interested but tbf some people are attacking everything to do with the club, KLD included, and getting a bit carried away. I'd be delighted if D&M vanished from the face of the earth, never mind just SAFC.

Post 2077 shows how little people really know but that doesn't seem to stop them posting much more outrageous things than I have. @Grumpy Old Man comes on, explains things in clinical detail and people totally ignore him because it doesn't suit their agenda.

I doubt anyone could say this disruption will help us this season but that won't bother some people.I expect KLD and Sartori will end up owning the club out rights exactly as planned.

I'd just be happier if they were left to accomplish their aims. Just my opinion to which I'm entitled, as much as those on the bandwagon.

 

[Guinness Guzzler]

Hang on mate, be fair, of course I'm interested but tbf some people are attacking everything to do with the club, KLD included, and getting a bit carried away. I'd be delighted if D&M vanished from the face of the earth, never mind just SAFC.

Post 2077 shows how little people really know but that doesn't seem to stop them posting much more outrageous things than I have. @Grumpy Old Man comes on, explains things in clinical detail and people totally ignore him because it doesn't suit their agenda.

I doubt anyone could say this disruption will help us this season but that won't bother some people.I expect KLD and Sartori will end up owning the club out rights exactly as planned.

I'd just be happier if they were left to accomplish their aims. Just my opinion to which I'm entitled, as much as those on the bandwagon.

Fair enough, apologies mate I thought you were in the group that aren't interested at all about anything involving the running of the club! I agree that no one benefits from a toxic atmosphere (for example I wouldn't support any protest that happens during the match as we need to support the players whilst promotion is still possible). And aye, I don't think there's a need to criticise every single thing and person at the club, but I understand the frustration that people have with a lot of it! I've still got a bit of faith in kld, I just hope he can get rid of Donald and Methven because that's the best way of getting the vast majority of the fans onside and being supportive. It also means that kld can make his own decisions in terms of funding etc and hopefully we can start to move forward. We need to move on from the old regime, if KLD starts by answering the valid queries people have after the last few days then it'll give a bit of confidence that we might be in safe hands and there can be something of a clean slate once the other two are finally jettisoned

 

[Nelson!]

Fair enough, apologies mate I thought you were in the group that aren't interested at all about anything involving the running of the club! I agree that no one benefits from a toxic atmosphere (for example I wouldn't support any protest that happens during the match as we need to support the players whilst promotion is still possible). And aye, I don't think there's a need to criticise every single thing and person at the club, but I understand the frustration that people have with a lot of it! I've still got a bit of faith in kld, I just hope he can get rid of Donald and Methven because that's the best way of getting the vast majority of the fans onside and being supportive. It also means that kld can make his own decisions in terms of funding etc and hopefully we can start to move forward. We need to move on from the old regime, if KLD starts by answering the valid queries people have after the last few days then it'll give a bit of confidence that we might be in safe hands and there can be something of a clean slate once the other two are finally jettisoned

It’s very bleak at the moment. No one trusts anything anyone at the club says. Even this new schism wouldn’t be beyond Methven to have cooked up to give us a face to root for and heels to vent at so we won’t force the issue.

My pessimistic prediction they will still be here in 12 months, we will still be stuck in this division, and the whole mess will just rumble on. They’re incapable of getting us promoted and unwilling to leave. Purgatory,