Sale is close - Barnsey

[Ashley In!!]

You control planning, although the outcome can't be 100% guaranteed; and you plan on the basis of affordability and risk management/minimisation. What most posters mean by "speculate to accumulate" is throw money at it. Doing that under Short got us where we are now.

The Will Grigg transfer says "hi"
The reason we are STILL at this level is Donald and his mates.

 

[No. 1 is Gary Rowell]

He'd put in £11.2m by the last accounts as evidenced by the shareholder loan figure in the consoldiated balance sheet of SJD Leisure Holdings, which holds Donald's shares in Madrox. There's an other creditor number of £14.2m in Madrox's accounts, £11.2m of that is Donald (it's not intercompany as it's owed directly to Donald). The remaining £3m can be presumed to have come from Sartori. Madrox's cost of investment is £37.1m, so we have £12.1m paid by the owners (from the £14.2m owed to them, and the remaining £25m coming from the parachute. The balance of the amount owing to the shareholders of £2.1m is the amount put back into the club by 31 July last year.

When you say the £11.2m is 'shareholder loan' does that mean he hasn't actually put the money back in, he's just loaned it and therefore expects it back?

 

[Grumpy Old Man]

When you say the £11.2m is 'shareholder loan' does that mean he hasn't actually put the money back in, he's just loaned it and therefore expects it back?

He and Sartori loaned the money to Madrox to settle the payment for the shares and put some of the parachute back into the club. They'd expect to recoup that on any sale. Whatever has gone into Sunderland, both now and post year end, has been done in ways that mean the club does not have to repay that to Madrox.

 

[No. 1 is Gary Rowell]

He and Sartori loaned the money to Madrox to settle the payment for the shares and put some of the parachute back into the club. They'd expect to recoup that on any sale. Whatever has gone into Sunderland, both now and post year end, has been done in ways that mean the club does not have to repay that to Madrox.

Thanks. So the £11.2m + is the share price that's been spoken of, as opposed to paying off the £20.5m parachute payment issue

 

[Grumpy Old Man]

Thanks. So the £11.2m + is the share price that's been spoken of, as opposed to paying off the £20.5m parachute payment issue

It looks like Sartori had put £3m in by July, so £12.1m went to Short and £2.1m to the club. It's impossible to give a split as to which of them paid what.

 

[Gaz]

That was more a response to someone say something was happening, but they didn't know what:

"There's something happening but you don't know what it is,
Do you, Mister Jones?"

it was my post, at least i wasn’t the only one who didn’t get it

 

[the dark one]

Rather have Moses

Rather have his basket.

 

[Grumpy Old Man]

it was my post, at least i wasn’t the only one who didn’t get it

That'll teach me to assume people know their Bob Dylan

 

[EchoMan]

Definitely not!

Ok carry on

That was more a response to someone say something was happening, but they didn't know what:

"There's something happening but you don't know what it is,
Do you, Mister Jones?"

Didn’t envisage you as a thin man GOM

 

[Grumpy Old Man]

Ok carry on

Didn’t envisage you as a thin man GOM

I'm not.

 

[Red and white TID]

He'd put in £11.2m by the last accounts as evidenced by the shareholder loan figure in the consoldiated balance sheet of SJD Leisure Holdings, which holds Donald's shares in Madrox. There's an other creditor number of £14.2m in Madrox's accounts, £11.2m of that is Donald (it's not intercompany as it's owed directly to Donald). The remaining £3m can be presumed to have come from Sartori. Madrox's cost of investment is £37.1m, so we have £12.1m paid by the owners (from the £14.2m owed to them, and the remaining £25m coming from the parachute. The balance of the amount owing to the shareholders of £2.1m is the amount put back into the club by 31 July last year.

My argument is not the figures @Grumpy Old Man you are far better than me on them, its what you said about ES being wrong in gambling with the FC’s future and ruining our club, don’t get me wrong it’s a valid argument, although personally I feel ES put his money where his mouth was and Safc probably cost him close to £200m.

What my gripe with you, Is because you are an intelligent man, but you don’t seem to seem to see what I see which imo is so obviously a lot worse an owner that came with one intention to make money, he bought us in July 2018, he had people trying to sell within months and has destroyed the fabric of our club for years to come.

Prime example I know someone who was interviewed for the job of head of Academy he told me our Academy has been set back Probably 10 years in the 2 years the owners been here.

 

[E Tenebris Lux]

Creative midfielder is what we need -not easy to find mind..

Scott Fraser please?

 

[Crayola-Kid]

My argument is not the figures @Grumpy Old Man you are far better than me on them, its what you said about ES being wrong in gambling with the FC’s future and ruining our club, don’t get me wrong it’s a valid argument, although personally I feel ES put his money where his mouth was and Safc probably cost him close to £200m.

What my gripe with you, Is because you are an intelligent man, but you don’t seem to seem to see what I see which imo is so obviously a lot worse an owner that came with one intention to make money, he bought us in July 2018, he had people trying to sell within months and has destroyed the fabric of our club for years to come.

Prime example I know someone who was interviewed for the job of head of Academy he told me our Academy has been set back Probably 10 years in the 2 years the owners been here.

This is not necessarily my opinion, but to play Devil’s Advocate, you could look at that and argue we had gone into free fall with Short, after him putting his money where his mouth is, and the two years the academy have been set back badly were as a direct result of that and the cost cutting that had to happen to stop us going under. I don’t know if that’s true but I could see it being argued (I’m not an SD supporter by any stretch)

 

[Deleted member 30053]

This is not necessarily my opinion, but to play Devil’s Advocate, you could look at that and argue we had gone into free fall with Short, after him putting his money where his mouth is, and the two years the academy have been set back badly were as a direct result of that and the cost cutting that had to happen to stop us going under. I don’t know if that’s true but I could see it being argued (I’m not an SD supporter by any stretch)

The “cost cutting” is the biggest smokescreen ever and the fact that Donald has used it to pat himself on the back is vomit inducing. Literally anyone can go into a business and say “don’t spend that and don’t spend that”. And the only genuinely major issues - Rodwell, Papy and N’Dong - were pretty much sorted themselves. Two of the daft bastards got themselves the sack (have we seen a penny of the compensation Donald bragged about getting) and Rodwell was leaving anyway.

 

[SAFC CLUD]

Given games he could do well. He knows the place too. Wouldn't write him off just yet as think he'll have good career. We'll need someone cheap so maybe from a prem club. Offer certain percentage of games and get someone more talented in theory. We have no pace up front, its, along with goals what we need most.

Very naive and uninterested

 

[Father Jack Hackett]

My argument is not the figures @Grumpy Old Man you are far better than me on them, its what you said about ES being wrong in gambling with the FC’s future and ruining our club, don’t get me wrong it’s a valid argument, although personally I feel ES put his money where his mouth was and Safc probably cost him close to £200m.

What my gripe with you, Is because you are an intelligent man, but you don’t seem to seem to see what I see which imo is so obviously a lot worse an owner that came with one intention to make money, he bought us in July 2018, he had people trying to sell within months and has destroyed the fabric of our club for years to come.

Prime example I know someone who was interviewed for the job of head of Academy he told me our Academy has been set back Probably 10 years in the 2 years the owners been here.

I guessed at a decade as, it takes that long from getting them at 8 until they're anywhere near the first team.
The u15s who were arguably the best in the country and had just beaten Chelsea in a European final would have been u18 level now and starting to think of first team involvement. Sadly, we'll never see any of them.

 

[Mk Mackem]

Have we had any further info about Xhemjali from Parkinson?

Heard earlier he was back in Switzerland but negotiations ongoing. Doesn't sound too promising. If we were expecting him to sign I'd be requesting he stays local to avoid unnecessary travel and possible quarantine laws coming into place.

Shame as he looks very decent.

He probably needs to talk things over with his family as it's a big move for a young lad. I'm sure I've read that clubs in Germany are looking at him so all we can do is wait. I missed the Gateshead game but read that he played well, he's the right age player we should be looking at. It seems a no brainer to me, but because of the wage cap we could miss out, f***ing EFL again man....

 

[Donnybrook]

,

 

[Sam Handwich]

,

, indeed

 

[REDNWHITE TRACTOR]

Would like us to sign him as he looked comfortable on the ball and has been playing in the Swiss top flight, which I imagine is a better standard than league one, and he's got age on his side.

Fingers crossed.

That sounds almost like quality scouting and planning for the future, it’ll never catch on