• 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.

Donald on BBC Newcastle

Status
Not open for further replies.
Geronimo said:
He really didn't.

Came across as a liar and bullshitter.

He may not be, but that's what he sounded like
Click to expand...

I have to say thats my take on it too, its still not clear on the finances when he bought the club, he said he's put 20 million in, has he?

Said between him and Juan they have enough to cover the loan, why get the loan, if you have plenty money in the bank you dont go and get a loan thats not needed!

If FPP wanted to invest, not a loan, invest, why didnt they, why's it been done as a loan?

My feeling is that Donald and Co wanted more for their shares, based on what they can do in the future, Donald has said I can do xy and z with 10 million, FPP pump the money in with zero risk as is secured against assets, and said ha'way then Stewy you make it work with that and we will agree to paying you what you want.
 

Father Jack Hackett said:
He'd have gone on, told everyone to fuck off and vote for Boris. Then sold Robin a dodgy Fiesta.
Click to expand...

was on about this mate

Tom Cowie. Sunderland chairman. 16th March 1983.

" I wish we had Newcastle's fans.

I believe Newcastle supporters are more loyal than Sunderland's

I would like to swap fans"
 
JVokes said:
But are the shares of Sunderland AFC not the club it’s self (stadium & academy)
Click to expand...

And everything else. The point is that the simple thing to do is for them to acquire the club, should the wish, or sell the shares of the club with it as a going concern. That gets the highest possibility of a return. Charge documents, by the nature, have to be all-encompassing. In any event, all this is hypothetical; if the loan conditions are met, the security is never needed. People are getting their knickers in a twist over something that is probably the least likely outcome.
 
Geronimo said:
He really didn't.

Came across as a liar and bullshitter.

He may not be, but that's what he sounded like
Click to expand...

Story seems to change about the parachute payments every time he’s asked and the condescending comments ‘it’s quite easy if people understand business’.

Relationship is pretty manky just now. He needs to stop his PR pal from doing anything with regards to PR.
 
Morse said:
Him and Methven need to get together and get their propaganda on the same wavelength.

We were told we were talking shite, there was never a takeover, it was always an investment. Some posters on here even sided with them on this.
Now SD goes on the radio and admits there actually was a takeover on the table but the offer was way below what they wanted.

They’ve been caught in a lie, and basically called the fans liars as well.

He spoke some sense tonight, but on the whole I think he’s blown it. A lot of fans aren’t going to trust him.

I don’t think he’s out to screw the club over, I think he has the best of intentions. He’s just out of his depth so far and needs to work on his PR.
Click to expand...

Good post, sums it up for me as well. Would make it so much easier if as you say, SD and CM actually got their stories straight rather than continuously contradicting each other
 
one armed boxer said:
So he says...
Click to expand...
What else could it mean, if he really needed the money he would have gone out and got a bank loan secured against the club assets, instead he gets it from investors who want to own the club and if somehow it does go tits up they get the club and hes the one who loses out
 
Status
Not open for further replies.
Back
Top