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#DonaldOut

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You said you’d sell Sunderland AFC when you’d outstayed your welcome. That time is now. #DonaldOut ✌👍
 
West_Winger said:
He can’t. The Americans hold the security over the club’s assets. The only people he could realistically sell to are them.
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As it's a loan secured against the assets, couldn't he just sell the club to somebody willing to take onboard the loan? I'm happy to be proven wrong, but surely it's the same as taking on somebody else's debt etc?
 
What annoys is how many, many of our supporters were wanking him and Charlie off when it was bleeding obvious what a bunch of charlatan chancers they were. They took the piss by getting us to do repairs for them and not even a free ticket in return, conjuring up a boxing day buy tickets for the poor and then ignoring offers of season card tickets, getting rid of our best players, fecking up promotion by selling our only real striker, selling young kids from the academy, reducing the ticket office to a shambles, I could go on. What did they pay, £7 m for a debt free club with a fantastic stadium and academy, the best support in the land (nobody could doubt that after the 34k against fecking Bolton!) - how dare they dilute the funds from the club to pay back the seller.
 
Rickybilly said:
What annoys is how many, many of our supporters were wanking him and Charlie off when it was bleeding obvious what a bunch of charlatan chancers they were. They took the piss by getting us to do repairs for them and not even a free ticket in return, conjuring up a boxing day buy tickets for the poor and then ignoring offers of season card tickets, getting rid of our best players, fecking up promotion by selling our only real striker, selling young kids from the academy, reducing the ticket office to a shambles, I could go on. What did they pay, £7 m for a debt free club with a fantastic stadium and academy, the best support in the land (nobody could doubt that after the 34k against fecking Bolton!) - how dare they dilute the funds from the club to pay back the seller.
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I can categorically I didn’t wank him off .

did you ?

guilt trip ?
 
Statement as follows:

“For those at the Bolton match, you’ve earned some stripes. You were there when the club reached the lowest point in its entire history and it felt like it. A few fine saves from McLaughlin stopped us from losing at home to the bottom club in League One. As the chants for Super Kev reverberated around the stadium it became clear that the fans do not agree with the chosen appointment of Phil Parkinson. When he took a defender off for another defender the venom was too much for many to conceal. We were playing out for a clean sheet against a team that were nearly out of business less than 6 months ago.

SAFC is a club with a proud history that deserves so much better than what we are currently being offered. As it stands we don’t know who is running the organisation within the club.

We don’t expect to be playing in the Champions League, but we don’t expect to be set up defensively to the bottom club in League One at home on what is traditionally the biggest game of the season in terms of attendance. Nobody knows what the long term plan is and any trust that fans had in the boardroom has eroded.

These are the fans who set attendance records for the division. The fans who have endured years of ineffective leadership within the club. Yet here we are. The ones hurting the most as a result of our current situation. Stewart Donald must act now. “Things can only get better” has been a defiant chant in recent times but the sentiment is a flawed one. Things can get worse…and it continues to get worse. If there is a realistic offer on the table he must admit that the enormity of the task at hand and cut his losses. For our club to move forward now change needs to happen on the pitch, in the dugout and in the boardroom.”
 
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Sunderland fans making their voice heard loud and clear tonight on Twitter with a co-ordinated protest against Sunderland owner Stewart Donald.
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and hundreds (so far) of fans using the tonight
 
JL1985 said:
Statement as follows:

“For those at the Bolton match, you’ve earned some stripes. You were there when the club reached the lowest point in its entire history and it felt like it. A few fine saves from McLaughlin stopped us from losing at home to the bottom club in League One. As the chants for Super Kev reverberated around the stadium it became clear that the fans do not agree with the chosen appointment of Phil Parkinson. When he took a defender off for another defender the venom was too much for many to conceal. We were playing out for a clean sheet against a team that were nearly out of business less than 6 months ago.

SAFC is a club with a proud history that deserves so much better than what we are currently being offered. As it stands we don’t know who is running the organisation within the club.

We don’t expect to be playing in the Champions League, but we don’t expect to be set up defensively to the bottom club in League One at home on what is traditionally the biggest game of the season in terms of attendance. Nobody knows what the long term plan is and any trust that fans had in the boardroom has eroded.

These are the fans who set attendance records for the division. The fans who have endured years of ineffective leadership within the club. Yet here we are. The ones hurting the most as a result of our current situation. Stewart Donald must act now. “Things can only get better” has been a defiant chant in recent times but the sentiment is a flawed one. Things can get worse…and it continues to get worse. If there is a realistic offer on the table he must admit that the enormity of the task at hand and cut his losses. For our club to move forward now change needs to happen on the pitch, in the dugout and in the boardroom.”
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Its a fair statement, its a correct statement and I'm pleased that all of these organisations have got together to speak in unison. hopefully the fans get behind them and we start to bring this total debacle to an end. Enough is enough.
 
mag in peace said:
As it's a loan secured against the assets, couldn't he just sell the club to somebody willing to take onboard the loan? I'm happy to be proven wrong, but surely it's the same as taking on somebody else's debt etc?
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The way the loan is structured is that its secured on the shares themselves by virtue of the fact that it is the holding company that has the loan, not sunderland AFC itself. To all intents and purposes it’s the same thing but in this instance, it means the Americans basically hold all the cards as he can’t sell the shares in the club without their agreement and they won’t agree to it when they want it themselves.
 
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