Sale is close - Barnsey


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And playing devils advocate and they have fucked a few things up but say he wants 37 mil with no debt, we have a 48k stadium, ample parking, a metro nearby, the biggest ticket office in the land (kidding) and a grade 1 academy.
Looking at the mags being worth 300 mil would it really take 260 mil to get us to bottom half of the table prem?
I still think its a good investment from when we were hemorrhaging money with some big earners on the books.
Tin hat on.
No not at all. I’ve said from day one at £37,000000 its a great buy. The whole set up is premiership with a fantastic fan base. It’s not the hardest job getting out of this division it’s in the championship where it definitely gets a lot harder.
 
Exactly so is 37m too extortionate for what we are.
I think people get fixated by what we cost not what we're worth.
We are Sunderland AFC
If i get lucky and pick up a classic car worth 10k for a grand it doesnt mean its still not worth ten grand.

Yes but what he’s doing is asking someone to pay the 10k now for something worth a grand, but saying if things go well it will be worth the 10k in a few years and potentially more after that.

in this climate and uncertainty i don’t see anyone doing that imo
 
Exactly so is 37m too extortionate for what we are.
I think people get fixated by what we cost not what we're worth.
We are Sunderland AFC
If i get lucky and pick up a classic car worth 10k for a grand it doesnt mean its still not worth ten grand.
Although £37m is the price he quoted, he'll take less, it's just his starting point. When you sell tat on Gumtree, you quote your asking price but you fully expect somebody to offer less and in the end you just sell it because you want rid of it.
 
Hope your right mate

I certainly don't think he's great at making profit! He's admitted he lost about £10m at Eastleigh. He got most of his money from his dad. He's not a good businessman and he can't afford losses. If we made £9m profit (ignoring the £20m write off) when we had about £20m of parachute money, this could get bad for Donald now that's stopped. He's not rich enough to fund it and he can't expect a buyer to give him it later. We'll obviously see mate, but if a decent potential buyer came along, I think they'd be in the driving seat, not Donald
 
I certainly don't think he's great at making profit! He's admitted he lost about £10m at Eastleigh. He got most of his money from his dad. He's not a good businessman and he can't afford losses. If we made £9m profit (ignoring the £20m write off) when we had about £20m of parachute money, this could get bad for Donald now that's stopped. He's not rich enough to fund it and he can't expect a buyer to give him it later. We'll obviously see mate, but if a decent potential buyer came along, I think they'd be in the driving seat, not Donald
He's got tens of millions so he isn't bad at making money put it this way he's a lot better than me. I get your point though and your point stands stronger than mine which I'm happy about. My main concern is is he's a bit slippery and it may not be beyond his capabilities to do us over while turning a quick profit.
 
Although £37m is the price he quoted, he'll take less, it's just his starting point. When you sell tat on Gumtree, you quote your asking price but you fully expect somebody to offer less and in the end you just sell it because you want rid of it.
If SD puts the other 11 million back in as he says he is then the club is near as damn it debt free. It’s a premiership stadium and academy With excellent hospitality area’s and car parks and with a massive support base.
 
He can't really. If we make losses, he'll need to fund it. Now, of course, he can put that money in as a loan, but all that means is he needs more and more to break even. He won't even get £37m man, if he has to put in another £15m to keep us running he's got even less chance of ever getting his £52m back! I'm sure Short thought it was all loans that he'd eventually get back when he bankrolled us to keep us going. Eventually he had to write it off because no c unt would ever pay it. That's the position Donald would be in. He needs to go and he knows it
When the fun stops, stop!
 
Yes but what he’s doing is asking someone to pay the 10k now for something worth a grand, but saying if things go well it will be worth the 10k in a few years and potentially more after that.

in this climate and uncertainty i don’t see anyone doing that imo
In this covid climate I agree but in general I think its a fair price
 
Although £37m is the price he quoted, he'll take less, it's just his starting point. When you sell tat on Gumtree, you quote your asking price but you fully expect somebody to offer less and in the end you just sell it because you want rid of it.
I agree mate and if we get the right buyers I'll be over the moon.
 
Right I forgot the conspiracy theory that SD is just making it up and telling Barnes to put it out in the media!!
I don’t suppose Nick Barnes made it up himself 💯 certain on that, so he was obviously fed by SD.
So hopefully for once our glorious leader is telling the whole truth, although I suspect it’s probably more what SD wants to happen, than he actually knows to be correct.
Very probably JS, but lots of bridges to cross on that possible deal I would suspect.
 
He's got tens of millions so he isn't bad at making money put it this way he's a lot better than me. I get your point though and your point stands stronger than mine which I'm happy about. My main concern is is he's a bit slippery and it may not be beyond his capabilities to do us over while turning a quick profit.

Tens of millions is canny, but if he started with more than that he's not great! To be fair I don't know how you can even manage to lose £10m on a non league side with almost no costs! Bit like Trump, thinks he's a good businessman but I'm sure he lost fuck loads! Definitely agree that he doesn't want to lose money again though, I think he'd happily sell us to a dodge pot if they gave him more up front
 
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