SAFC response to latest stories


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My question would be how is it possible to refuse to speak about any aspect of FPP due to a confidentiality agreement but absolutely fine to throw them under the bus for having millions owed to us written off 3 months before we even spoke to them?
Yes
No
Yes
Yes


Sounds like the response of a moody teenager caught red handed.

As if that's a response :)

They should have just asked them the exact same question four times and seen how many times they changed their answer from yes to no and back.
 
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Madrox are gonna pay it all back man. Don’t know Madroxs owners will be when it happens though.
I haven’t even followed the financial situation all that closely, but I certainly know spin when I see it.

A lot of it seems to be a really crass attempt at decontextualising any analysis of the clubs finances by doing things like trying to create the illusion of separation between Madrox (the holding company) and the club itself. For example, it might be “technically” true that a loan from FPP was made to Madrox the holding company not Sunderland A.F.C. for example, but that loan was immediately passed to the club and the security is against the club itself, so regardless of any technicality, it’s still a lie on their part.

I’ve noticed this kind of thing a lot. It truly has all the hallmarks of small time hucksters.
 
The creativity in the annual accounts will far surpass that on the field of play

:lol:
Firstly, it never said financial trouble. It claimed the £20m hole is putting off buyers. Kieran Maguire who saw the documents said it was a financial mess.

The stories are about the dishonesty of the owners. They've lied to the fans. Donald told us Sartori paid £3m for 20% of the club but it was £1. Just like he said he paid £40m for the club. He only paid £15m and used the clubs own money to pay the rest.
This is the bottom line for me. He's not trusted any more and for this reason alone, he's got to go.
I just think some on here will never believe any thing any owner/ director says, even if its Bob , Ellis, SD no matter who.
So now what happens if Mr Michael Dell or Peter Keyon or Gary Cook joins and you loonies start on them.
These guys are in business, not here to make you tossers happy, they are in place to make money not just please this f***ing forum.
YOU LOT not them will kill this club.
No mate. Not running the club professionally will kill the club. Paradoxically, they'd get richer by doing that and we'd get happier.
With everything that is going on with the ownership and the situation with half the squad being out of contract and seemingly no ongoing talks, the possibility of us going down rather than up next season is very realistic. There’s nothing in the academy to replace those out of contract players. We may not have bottomed out yet.

New ownership has never been more important in the history of our club
This is the very lack of professionalism to which I refer above. He has to go.
 
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It's been a long time coming but, finally, confirmation they used PP money to buy the club. Is this a first? Surely this is not the right way to go about buying a club, then writing the PP money off....So they can pay it back if and when they feel like it?

I doubt i'm saying anything new here. I think it's really sneaky of Madrox to take control of our club in this way.
 
I just think some on here will never believe any thing any owner/ director says, even if its Bob , Ellis, SD no matter who.
So now what happens if Mr Michael Dell or Peter Keyon or Gary Cook joins and you loonies start on them.
These guys are in business, not here to make you tossers happy, they are in place to make money not just please this f***ing forum.
YOU LOT not them will kill this club.

On the beers Bob? We are at our lowest ever ebb in footballing performance. It's going to be a third season in the third level of English football. Transfer fees are at all time low, academy is gutted out. Sorry like , Donald and his friends are well on the way to take this club to the wall. Never the fans.

A THIRD SEASON IN LEAGUE ONE. LEAGUE ONE.
 
would you be comfortable if the club was purchased for £14m and £25m went to paying off debt cos that’s all that happened really. Dunno why they had to lie about it at the start like. Saying they’d paid £40m for the club, when they hadn’t.
Because they wanted(want) to sell the club for as close as possible to £40m(£35m current asking price apparently).
 
You are aware that you’re using the same issue to allegedly prove the other issue aren’t you?
If you can't understand that there's a difference between a journalist guessing at the clubs financial state, to direct questions to the club about the finances then I'm not explaining it to you
 
“Is Sunderland debt free? Yes.”

Unless they’ve paid back the money they’ve recently borrowed from the Americans that’s a lie, as I’m pretty sure that that itself constitutes a debt regardless of how they try to spin it as being a loan to Madrox, rather than “Sunderland A.F.C.” given the fact the security is against the club.

There’s more spin with these people than a Pakistan v India test series, but it’s not a surprise given the fact these people are con men.

Same way they've disguised the FPP loan as Madrox investment into Sunderland AFC Ltd.
 
The previous owners you have mentioned were scrutinised at times, but nowhere near as much as Donald and Methven have in just 18 months.

The reason this lot have been questioned to the extent they have done is because of the job they have done. It’s because the things they say do not add up.

They set the expectations and they preached about the importance of the supporters and all the fluffy stuff.

Fine if they’re in place to make money, but they need to make sure they pay the club the money back first, rather than kicking the can down the road.

When these leave will you go and support whichever sporting venture they buy into next?

Who was that lad you had on the podcast with the Yorkshire accent? He’s f***ing clueless. Half the stuff he was moaning about the owners have already responded to. Was he literally just there to whinge and agree with you?

Usually enjoy the podcasts but that was a shambles yesterday.

How about having someone on with a balanced view?
 
On the beers Bob? We are at our lowest ever ebb in footballing performance. It's going to be a third season in the third level of English football. Transfer fees are at all time low, academy is gutted out. Sorry like , Donald and his friends are well on the way to take this club to the wall. Never the fans.

A THIRD SEASON IN LEAGUE ONE. LEAGUE ONE.

As someone suggested above we havent bottomed out yet.
Who was that lad you had on the podcast with the Yorkshire accent? He’s f***ing clueless. Half the stuff he was moaning about the owners have already responded to. Was he literally just there to whinge and agree with you?

Usually enjoy the podcasts but that was a shambles yesterday.

How about having someone on with a balanced view?

There's no balanced view to be had. Seriously if you are still lapping up what the owners say you are an absolute idiot. We still have some who can't see the wood for the trees and when it all comes out they will be saying 'I just wanted to give the benefit of the doubt'. Wake up FFS.
 
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Who was that lad you had on the podcast with the Yorkshire accent? He’s f***ing clueless. Half the stuff he was moaning about the owners have already responded to. Was he literally just there to whinge and agree with you?

Usually enjoy the podcasts but that was a shambles yesterday.

How about having someone on with a balanced view?

He from Lancashire, not Yorkshire. His dad is from Sunderland and he’s a life long Sunderland fan.

Was it a shambles or did it just include opinions that you didn’t like?

There’s nobody in WMS who can offer balance because on this particular topic we’re all of the same mind. Later in the show we have an impartial football finance expert give their view.

Just because a response is given by the ownership doesn’t mean you have to accept it.
 
As someone suggested above we havent bottomed out yet.


There's no balanced view to be had. Seriously if you are still lapping up what the owners say you are an absolute idiot. We still have some who can't see the wood for the trees and when it all comes out they will be saying 'I just wanted to give the benefit of the doubt'. Wake up FFS.

they'll say 'nows not the time, we have to get behind the club' - whilst the club burns to the ground over the course of the last 5 years
 
they'll say 'nows not the time, we have to get behind the club' - whilst the club burns to the ground over the course of the last 5 years

I swear our fan base. If the owners did a Bury on us they would be saying its because of fanzines and everyone not getting behind the team and the owners enough. A section of our fanzine are the most simple, naive bunch you could ever encounter. Nice, pleasant people i'm sure but fuck me.
 
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