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Donald on BBC Newcastle

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IF he's telling the whole truth, sounds great for the club, got ten mill without any debt being added, only the current owners miss out if it goes tits up at which point we get billionaire owners. And a monorail.
 
He said the Americans do not want to run the club, they may own it in the future but made it clear they never wanted to run it.
 
MadMackem10 said:
Likely going to be slated for this but having seen fans reactions to donalds interview tonight I totally understand why hes stepped back.
He clearly explained that this “loan” is against madrox and they are the only ones at risk if it goes tits up. If it happens these billionaires would then own the club. We know juan could easily put the money in if he wanted or you get get a bank loan, so the question is why exactly have they got this money from the americans? Because its the start of a long term relationship with them
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So after everything, you just accept what he says without any doubt?
 
West_Winger said:
He’s talking in semantics. Sunderland A.F.C. Ltd isn’t in debt but Madrox is.

However he’s being completely disingenuous because the only assets Madrox has are the club and the stadium.
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What is this Madrox anyway. Why was it set up this way in the first place?
 
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