Mags £150 million in debt


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nah not worried because of the way ES has invested his money in safc means he will not merely walk away

Plus of course he can't really just "walk away", he'd need to sell up to someone, so it's not as if he'll suddenly just withdraw "his money" from the bank account and run off into the sunset
 
Plus of course he can't really just "walk away", he'd need to sell up to someone, so it's not as if he'll suddenly just withdraw "his money" from the bank account and run off into the sunset

Don't let logic get in the way of Jarvis' points man.

I think I'll start a thread of my own.

"If somebody bombs the SoL we won't have a stadium. Worried?"
 
Plus of course he can't really just "walk away", he'd need to sell up to someone, so it's not as if he'll suddenly just withdraw "his money" from the bank account and run off into the sunset

how the feck did we finish up posting on this thread instead of the one we tried to:confused::lol:
 
Re: SAFC 'will go into administration'

Its surely correct.

Short (as Sunderland Ltd/Drumaville Ltd) guarantees SAFC as a going concern. However although its a huge business risk that SAFC relies on one person its a huge business risk for almost all PL football clubs.

Same could be said of Chelsea and Abramovich and its one of the corporate governance weaknesses of the PL.

Although the Drumaville consortium obviously didnt have the money that Short seems willing to put in at least the risk was spread between a few people.
 
Re: SAFC 'will go into administration'

Its surely correct.

Short (as Sunderland Ltd/Drumaville Ltd) guarantees SAFC as a going concern. However although its a huge business risk that SAFC relies on one person its a huge business risk for almost all PL football clubs.

Same could be said of Chelsea and Abramovich and its one of the corporate governance weaknesses of the PL.

Although the Drumaville consortium obviously didnt have the money that Short seems willing to put in at least the risk was spread between a few people.

Then why did he reckon NUFC are in a much better postion when they have a sole owner and have just taken a relegation on the chin?
 
Turnip from the Tip said:
if Ellis Short walks away from the club whilst we are saddled with wages we can not conceivable pay based on our turnover.

- So says a football finance expert on the BBC.

Worried? :confused:

If Abramovich walked away from Chelsea they would be fucked.

If the Arabs walked away from Man City they would be fucked.

If Randy Lerner walked away from Villa they would be fucked.

If the yank walked away from Liverpool they would be fucked.

Can you see the picture yet.............



Most clubs are heavily reliant on there owner.
 
Re: SAFC 'will go into administration'

Then why did he reckon NUFC are in a much better postion when they have a sole owner and have just taken a relegation on the chin?
who said that? If someone implied that then IMHO its bullshit as I've just indicated on my other thread.

Its absolutely obvious that to rely on just one person for anything in life increases the risk.
 
If Abramovich walked away from Chelsea they would be fucked.

If the Arabs walked away from Man City they would be fucked.

If Randy Lerner walked away from Villa they would be fucked.

If the yank walked away from Liverpool they would be fucked.

Can you see the picture yet.............



Most clubs are heavily reliant on there owner.

This ^^^^
 
Re: Football Finance expert on BBC Newcastle reckons SAFC are fucked

Foj yourself. What that geezer was just saying was extremely worrying seeing as though he is apparently an expert in the field. He was suggesting what we've done is no less dangerous than what Leeds and Portsmouth did.

He also said Newcastle could become the biggest club in Europe. He is obviously a fuckwit of the highest order so I wouldnt worry too much about what he says. No wonder the mags lap this sort of drivel up:lol:
 
Re: Football Finance expert on BBC Newcastle reckons SAFC are fucked

He also said Newcastle could become the biggest club in Europe. He is obviously a fuckwit of the highest order so I wouldnt worry too much about what he says. No wonder the mags lap this sort of drivel up:lol:

I'm with you on this one unless JAKE51 can enlighten me instead of logging off when I ask a simple question
 
Re: Football Finance expert on BBC Newcastle reckons SAFC are fucked

I'm with you on this one unless JAKE51 can enlighten me instead of logging off when I ask a simple question

What you whinging about now like?
 
Re: Football Finance expert on BBC Newcastle reckons SAFC are fucked

I'm with you on this one unless JAKE51 can enlighten me instead of logging off when I ask a simple question

I also wonder why his business is based in Gateshead? Harldy a mecca of the football world. Surely if he was any good he would be based in London, Manchester or Birmingham where he would be centrally based?
 
Re: Football Finance expert on BBC Newcastle reckons SAFC are fucked

I also wonder why his business is based in Gateshead? Harldy a mecca of the football world. Surely if he was any good he would be based in London, Manchester or Birmingham where he would be centrally based?

Exactly, and JAKE51 makes an appearance, gives it the big one and logs off again, question answered no, he is just spouting bullshit from the club who are well versed in Bullshit.
 
Re: Football Finance expert on BBC Newcastle reckons SAFC are fucked

I also wonder why his business is based in Gateshead? Harldy a mecca of the football world. Surely if he was any good he would be based in London, Manchester or Birmingham where he would be centrally based?

Who? What? Where? When?

Exactly, and JAKE51 makes an appearance, gives it the big one and logs off again, question answered no, he is just spouting bullshit from the club who are well versed in Bullshit.

Speak some sense man you f***ing invalid.
 
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