Roker Scoreboard
Striker
Why does a club with a supposedly wealthy and fully invested owner need to take out a loan in the first place?
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How would the fans feel
- Thread starter Fez2
- Start date
Grumpy Old Man
Striker
No. That's what happened to the parachute. That £25m ended up with SBC, but had to go via Madrox and Drumaville to get there. Would have been far simpler to have left it in the club, but the overall impression I got was that the legals for the Madrox takeover were put together by Lionel Huttz.
forever changes
Winger
So is he doing well with the difficulties he’s facing ?
Grumpy Old Man
Striker
6/10.
Scotty 1978
Striker
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Of course, it's madness despite the learned posters saying that there could be reasons.
He does not want to invest another penny of his money. He wants to sell up asap and make a few quid.
Why on earth he is wasting his time with making a small profit when he is super rich?
Some on here would say yes he is rich and the rich still love to make a killing even if its small but come on.
Some would also say that it's a learning process for him as he moves along the food chain and looks to buy a huge Euro club.
That will not happen imo anyway.
Maybe he is just realising the stress of owning a big football club and just can't handle it!
North Yorks Mackem
Winger
I'm fairly certain they had previously committed to converting that internal debt into equity.
Always was.concerned about sartori's continued presence at the club and it appears dreyfus is not much different from any of that msdrox group.
There’s a reason the likes of Oxford and iirc another club didn’t want him anywhere near them.
North Yorks Mackem
Winger
Exactly. I can't stand him me. He'd gladly see the club liquidated if he could make a quid out of it.
Thing is had Donald not been a just second hand car dealer I think he would have been far more ambitious than KLD. Or put it another way if he had his money he would invest more of it. I honestly think he was more passionate as highlighted by the ridiculous Grigg decision.,
You never ever take loans out to pay for maintenance, it's the quickest step to going bust.
It's a death wish as you'll just be constantly loaning and loaning and loaning to do the basics until the tap dries out and you're screwed.
Any loan money must be spent on stuff to increase the value somehow, they deserve massive criticism if they don't and that's regardless to who.
Roker Scoreboard
Striker
Also might be a daft question, but why only £10m?
Mnemonic
Midfield
So in summary, you want him to fund the clubs losses out of his own pocket so you can have a better football team.
Got it.
Try eBay
No it was paid off, as per the plan all along. It was shorts way of getting the parachute money
Do you think owners sell because people boo?
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Why? AJ coming back? Could do with a player of his ability now.
Richie K
Striker
If you purchase a business which you can't fund out of your own funds, then you should sell it ASAP.
Taking external debt to pay for the basics is unsustainable in every way possible, especially when it will never become profitable in this league, so it's just a downwards spiral.
This applies for any business not just football.
External debt for anything else but investment is a red flag as an understatement.
Short didn't get the parachute money, that money went to pay-off the last of the debt to SBC like it was always meant to do
kildaremackem
Striker
yes but not loans by external people...loans from directors and owners..like abramavhich loaning money to chelsea.
