Sale is close - Barnsey


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Didn't he put the 9m fpp loan off the parachute money he owes the club?

How would that translate if they wanted to buy the club? Treat their current 9m loan/investment as down-payment on shares?

You obviously know more than I ever will about accounts like.

The deals being suggested only work if what is being sold are shares in Madrox. Splitting shares in Sunderland would massively increase the complexity of any deal. What's going to work here is similar to when Short came in - a deal to acquire all of, or a controlling interest in, the club's holding company.
 
The deals being suggested only work if what is being sold are shares in Madrox. Splitting shares in Sunderland would massively increase the complexity of any deal. What's going to work here is similar to when Short came in - a deal to acquire all of, or a controlling interest in, the club's holding company.
Aye thats what I thought because I vaguely remember madrox owing fpp the money and not the actual club. If that's correct.
 
No surprise which “fans group“ pissed their pants and ran with the £35m story being fed to them. Absolute dopes. Just excited to be told anything, even made up rubbish from a loon

Pleased RR, WMS and ALS took the sensible option and ignored
 
£37m in Madrox's books, projecting forward from the 2019 accounts:

Cash put in by Donald £11.2m
Cash put in by Sartori £5.5m
FPP loan £9m.
Parachute not yet put back into the club £11.4m.
So say Donald gets paid around £22 million with the loan also being cleared by fpp for 74% of madrox, donald then gets to fulfil his promise of paying back parachute payments and essentially breaks even?
 
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No surprise which “fans group“ pissed their pants and ran with the £35m story being fed to them. Absolute dopes. Just excited to be told anything, even made up rubbish from a loon

Pleased RR, WMS and ALS took the sensible option and ignored

I appreciate they wanted the publicity of being the first group to announce something big, but I can't believe they didn't what was quite literally a random bloke on twitter even the smallest thing to substantiate his claim. Even the question "where are you getting this information from?" would have got the answer "I saw it on companies house and put the dots together" ffs :lol:
 
I appreciate they wanted the publicity of being the first group to announce something big, but I can't believe they didn't what was quite literally a random bloke on twitter even the smallest thing to substantiate his claim. Even the question "where are you getting this information from?" would have got the answer "I saw it on companies house and put the dots together" ffs :lol:

It’s them all over - dipsticks
 
Its utterly pathetic, and if they have anything about them wee phillie and co should delete any tweets about it. Blatantly obvious that the lad wanted to start a rumour about Donald and then jump on it to try and get it trending. None of the other safc media were daft enough to run with it because they want at least a shred of evidence before releasing something like that. I've got no love for Stewart Donald, but even he deserves better than that.
He got a RT the other day when he blanket-tweeted a load of terrible maths and made-up numbers slating Donald at the usual Safc accounts. Think his head has basically exploded and he’s trying to incite the fans against Donald. I mean for fucks sake, Donald is a total incompetent - it’s not like we need to make stuff up about him to think he’s shite.
 
He got a RT the other day when he blanket-tweeted a load of terrible maths and made-up numbers slating Donald at the usual Safc accounts. Think his head has basically exploded and he’s trying to incite the fans against Donald. I mean for fucks sake, Donald is a total incompetent - it’s not like we need to make stuff up about him to think he’s shite.
Ha’way phillie video time.
 
Is it not something that can just be written off? Either way they could just pay £31 million and then madrox pays the £9 million back and the net result would be the same
The loan is between two entities, FPP LLC and Madrox. FPP potentially could roll the loan up in a purchase of Madrox, but not in SDs shareholdings in Madrox, without the prior agreement of JS and CM and of course FPP itself.

Highly unlikely to happen.
 
The loan is between two entities, FPP LLC and Madrox. FPP potentially could roll the loan up in a purchase of Madrox, but not in SDs shareholdings in Madrox, without the prior agreement of JS and CM and of course FPP itself.

Highly unlikely to happen.
Reetio CGAF.
 
We’re worth no more than the £15m Donald paid two years ago. He’s made us worse so how on earth can we be?
We are worse in some ways and not in others, apart from current economic climate. So you reckon less than 15m reasonable for SAFC?

Pretty sure it cost more than 15m but let's run with that.
 
The loan is between two entities, FPP LLC and Madrox. FPP potentially could roll the loan up in a purchase of Madrox, but not in SDs shareholdings in Madrox, without the prior agreement of JS and CM and of course FPP itself.

Highly unlikely to happen.
Well given fpp are the the buying party, juan sartori is staying and charlie will either keep his 6% or sell it for a couple million I cant see any of them not agreeing to it.
 
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