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Methven still claiming credit


I think your first premise is about right but in some interview later Donald promised to either pay back the parachute money or pay back a hefty debt that was leveraged on that money. Remember the Dell business where they were originally rumoured to be buying us but then later just set up a significant loan which Donald reckoned only happened because of him and his stellar business reputation not because of the club’s assets as collateral.

Happy to be corrected by @Grumpy Old Man or anyone else with greater insight than me.
Interesting invite.
 
Kinnell that's peak Charlie their mind- A post on LinkedIn taking credit for ours and Charlton's recent successes whilst also informing us he's in Jamaica. It must be a hard life keeping up with his ego, is he out there trying to take a break from himself? :lol:
He quit Charlton apparently and is in charge of an academy there or summat like that
 
Spoke to him in Quinn’s after beating Doncaster 2-0 in 2019. He was telling people investment was done for that summer, how wrong was he!
 
I think your first premise is about right but in some interview later Donald promised to either pay back the parachute money or pay back a hefty debt that was leveraged on that money. Remember the Dell business where they were originally rumoured to be buying us but then later just set up a significant loan which Donald reckoned only happened because of him and his stellar business reputation not because of the club’s assets as collateral.

Happy to be corrected by @Grumpy Old Man or anyone else with greater insight than me.

About two thirds came back in by the time KLD arrived. Mostly by transferring the loan from FPP (which was actually to Madrox), and then Sartori. Donald to a lesser degree. The parachute money actually ended in the hands of SBC, the American company which had lent £70m to the club in 2014. The reality is the club was never debt free whenn Madrox arrived - Short had simply moved the last £25m into Drumaville to give the cosmetic appearance it was. We ended up where we were because the contract between Madrox and Short must have been drafted by Lionel Huttz.
 
Where to start, a week on from the tumultuous play-offs weekend of the EFL? Probably the most professionally satisfying weekend of my career. Not because I was there lifting trophies - I was not, being here in Jamaica watching on the TV - but because promises had been kept; plans had come good.
When I met with Ellis Short in April 2018 prior to taking the club over a few weeks later, it is hard to overstate just how broken Sunderland AFC was. £180 million in debt (much of it to aggressive money-lenders at exorbitant interest rates), and losing £27 million per annum on an operational basis, the club had just finished bottom of the Championship, four points behind Burton Albion. The average crowd that season at the SoL had been a paltry (by SAFC standards) 27,000. We inherited players on multi-season multi-million £ contracts who were quite open about not wanting to play for the club (indeed, several failed to report for pre-season training)
Now is not the time to recount the whole rollercoaster ride (losing twice in the play-offs and making a notorious failed signing!) but certain recollections merit re-visiting, as seminal moments in the re-birth.
Sat alongside Stewart Donald at a Wearside desk, with our red pens systematically chopping out the waste that had brought the club low; Luke O'Nien driving up from L2 Wycombe Wanderers, with his worldly possessions packed in the back of his battered old VW; interviewing (Sporting Director) Kristjaan Speakman on Zoom during the pandemic and seeing his IQ as something rarely encountered in football; being told not to let (head of recruitment) Stuart Harvey get into his car without signing him up, after his interview; travelling to the Italian Lakes in late 2020 to persuade Kyril Dreyfus that he was the guy that could take the club to the next level. From the co-owners to the Sporting Director, the head of recruitment and the club captain, Stewart and I brought them all to the club, believing that they could continue and complete what we had started. Seven years from disaster and possible extinction back to the Promised Land is not bad going, though it is a year or two more than I originally predicted!

Charlton was a different kettle of fish. Much of the club was healthy (not least its Academy and Community Trust), and its fanbase resilient.
However, the business operation and the First Team environment were muddled. The culture (unlike SAFC's) was not toxic but weak. Learning from Sunderland, where we were slow to get the executive team right, strong appointments were made early. In amidst all the deserved praise for others this week, a word for Andy Scott, who left the club in January, but who signed Kayne Ramsay, Thierry Small, Conor Coventry, Greg Docherty, Macualey Gillesphey and Matt Godden for a combined £450,000. Nathan Jones was always Andy's first choice manager, but we eventually got him in Jan '24... and the rest is history. A hugely gratifying 2 year turnaround for a club I'll always love.
What a load of arrogant self aggrandising nonsense ...they were incompetent fools and one of them was educated beyond his salmon pant waist equivalent IQ!utter utter rewrite of history ..the truth is they bought the club with its own money and nearly ran it into the ground ..they sold the club because they had to as all the assets had been sold ......charlie wears his mendacity like a badge of honor and i for one despise him for it!
 
i thought short paid the debt and they handed over the parachute money and syphoned some for themselves or am i wrong ?

You're wrong. The money ended up with SBC, the bank that had loaned the club £70m Short paid most of it off and moved the rest into Drumaville to be repaid eventually from the parachute.
 
Where to start, a week on from the tumultuous play-offs weekend of the EFL? Probably the most professionally satisfying weekend of my career. Not because I was there lifting trophies - I was not, being here in Jamaica watching on the TV - but because promises had been kept; plans had come good.
When I met with Ellis Short in April 2018 prior to taking the club over a few weeks later, it is hard to overstate just how broken Sunderland AFC was. £180 million in debt (much of it to aggressive money-lenders at exorbitant interest rates), and losing £27 million per annum on an operational basis, the club had just finished bottom of the Championship, four points behind Burton Albion. The average crowd that season at the SoL had been a paltry (by SAFC standards) 27,000. We inherited players on multi-season multi-million £ contracts who were quite open about not wanting to play for the club (indeed, several failed to report for pre-season training)
Now is not the time to recount the whole rollercoaster ride (losing twice in the play-offs and making a notorious failed signing!) but certain recollections merit re-visiting, as seminal moments in the re-birth.
Sat alongside Stewart Donald at a Wearside desk, with our red pens systematically chopping out the waste that had brought the club low; Luke O'Nien driving up from L2 Wycombe Wanderers, with his worldly possessions packed in the back of his battered old VW; interviewing (Sporting Director) Kristjaan Speakman on Zoom during the pandemic and seeing his IQ as something rarely encountered in football; being told not to let (head of recruitment) Stuart Harvey get into his car without signing him up, after his interview; travelling to the Italian Lakes in late 2020 to persuade Kyril Dreyfus that he was the guy that could take the club to the next level. From the co-owners to the Sporting Director, the head of recruitment and the club captain, Stewart and I brought them all to the club, believing that they could continue and complete what we had started. Seven years from disaster and possible extinction back to the Promised Land is not bad going, though it is a year or two more than I originally predicted!

Charlton was a different kettle of fish. Much of the club was healthy (not least its Academy and Community Trust), and its fanbase resilient.
However, the business operation and the First Team environment were muddled. The culture (unlike SAFC's) was not toxic but weak. Learning from Sunderland, where we were slow to get the executive team right, strong appointments were made early. In amidst all the deserved praise for others this week, a word for Andy Scott, who left the club in January, but who signed Kayne Ramsay, Thierry Small, Conor Coventry, Greg Docherty, Macualey Gillesphey and Matt Godden for a combined £450,000. Nathan Jones was always Andy's first choice manager, but we eventually got him in Jan '24... and the rest is history. A hugely gratifying 2 year turnaround for a club I'll always love.
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