New owner


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At 59% there is as much chance of SD continuing making the decisions as there is my wife getting me to do the hoovering everyday
 
Just a guess but I think he wants to run his business/club and not leave it to 2 clowns to run it for him.

You do not go to the time, effort and expense to buy a football club to then be told what to do on a daily basis by a tin pot insurance salesman. The Donald era is a week away from being a horrible memory
 
Never realised the Abu Dubai wealth fund had their fingers in the De Freyus family business's
 
It’s not ideal, but it’s better than what we had. At least these charlatans are one foot out of the door hopefully.
Probably holding on minority shareholdings in the hope the club does get turned around. Then the value increases as does their holdings so they still make more out of it. At least in the meantime they do not have a say in the running of it.
 
Just because a company is valued at £30m doesn't mean a 59% stake will cost you 59% of that value. It's whatever the buyer is willing to pay and whatever the seller is willing accept.


Sartori paid £1 for his stake remember.
I think in this instance you are wrong. I can assure you KLD has not paid £1. The club is on it’s metaphorical knees, financially.
 
The Times article is by Martin Hardy. It's couched in such terms as "The Times understands". It might be true, it might not. Here's the relevant extracted clause:

"The Times understands that the total valuation of the club in his purchase will be around £30 million, with an £11 million loan to FPP Sunderland Limited repaid. The EFL owners and directors test is expected to be passed this week."

Here's a link to the full article, for those who have access:



Classic journalist speak.

Translated it means: we have had a conversation with a very well placed, usually official, source (if it was a shitehawk, wouldn't run the piece) and maybe have even been shown documents briefly over lunch (I think we can rule that out in the current climate!) but no copy of the relevant documents or evidence has been shared with us formally to look over ourselves.

It'll be one of the main parties briefing. Either Methven, because he's a big gob and likes to stay relevant with journalists. Or maybe KLD side of things hoping it will help fuel a sense of inevitability pre EFL ratification.
 
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