Grumpy Old Man
Striker
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.