New buyers put off by £20 million hole in accounts

[Mr David]

Sunderland buyers put off by £20.5m hole in accounts

SPECIAL REPORT: Sportsmail previously revealed that majority shareholder Stewart Donald used Sunderland's parachute payments to finance the majority of the £37m purchase of club.

www.dailymail.co.uk

 

[Hawyatt Earp]

I’m not sure I could despise Donald any more than I already did, but here we are

 

[hank williams]

Daily mail ain't clicking on that Tory crap

 

[SVU]

Finally the truth is coming out.

 

[Father Jack Hackett]

But he saved us from administration and another relegation etc....

A real man of the people

 

[Kevsgreat]

Daily mail ain't clicking on that Tory crap

Stopped going to the DM site (and the Sun etc.) cos it's all shite, but the £20m is a matter brought up on here countless times. Wonder if they genuinely know something or are picking at it cos the know it's a sore point.

 

[Mary Hinge]

Sunderland buyers put off by £20.5m hole in accounts

SPECIAL REPORT: Sportsmail previously revealed that majority shareholder Stewart Donald used Sunderland's parachute payments to finance the majority of the £37m purchase of club.

www.dailymail.co.uk

Aye.......W

 

[hank williams]

Finally the truth is coming out.

Truth & daily mail

 

[sexymuffin]

So all the worst things that have been said are true

 

[Hawyatt Earp]

Daily mail ain't clicking on that Tory crap

Theyve been shown a copy of the accounts mate. Probably best you don’t look, it’s guaranteed to infuriate you

 

[Ashley In!!]

"The explanation given to us by the owners is that writing off the debt was a condition of the £10m loan they took in October 2019 from US investors FPP, who had reversed on their initial intention to buy the club after undertaking due diligence.

However, the accounts we have seen - which the club have delayed publishing - are for the year ending July 31, 2019, raising the question of how did FPP insist on the debt being written off at least three months before making the loan agreement?"

Good question.

 

[Be Here Now]

We got our club back

 

[Ashley In!!]

Wonder who will be first to play this down on here?

 

[roppa]

Well @MADBOB THE MAKEM what spin can they put on this one then?

 

[Father Jack Hackett]

Sartori got 20% of the club for £1m according to that?
A nice £6m profit wanted for us going backwards and him wearing an away shirt in with the crowd once.

 

[Mary Hinge]

Craig Hope and Bongeye.....still obsessed with little ole Sunlun.....

 

[roppa]

Wonder who will be first to play this down on here?

Don't think it can be m8, unless it's untrue of course

 

[wackyjacky]

GOM, any say on what's gone on here? Looks like bad crack to me, even if not illegal.

 

[Randy Ostrich]

Finally the truth is coming out.

You reckon the truth is coming out of the Daily Mail?

I've got some magic beans you might want to buy

 

[Father Jack Hackett]

Wonder who will be first to play this down on here?

There was someone on here still this morning claiming they saved us from administration. It beggars belief. Its like the f***ing Moonies.