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SAFC Takeover Latest

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Grumpy Old Man said:
it doesn't matter. Madrox owns 100% of Sunderland, and Donald owns 74% of Madrox. The shares in Sunderland are an asset of the club, and can be sold on the passing of a simple resolution by the shareholders. All that needs is a simple majority in terms of shares owned. If FPP are buying Madrox, it's even easier. If Donald agrees to sell more than 50% of the shares in Madrox to them, that's it. They have control.
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Given how relatively simple the transaction you’ve outlined appears to be, what would be holding things up from that perspective?

You said FPP appeared to be the new holding company - does that suggest they’re buying Madrox or “Sunderland A.F.C. Ltd”?
 
Left For Dead said:
because there are real buyers in town - Mike Ashley ahs a shot load of costs to get NUFC set up to our standard. Still, we are the bargain club at the moment so nowt to see here I suspect. Peter Beardsley has cost NUFC with the inevitable court cases, not to mention the complete lack of youth players coming off the production line for some reason.
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Also the ongoing investigation by hmrc
 
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