Mickdundee
Winger
The funds were in the name William Storey“The funds were also in the name not of Mr Pauls but of an unknown third party individual.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
The funds were in the name William Storey“The funds were also in the name not of Mr Pauls but of an unknown third party individual.
And using his own money.The brass neck of them twisting on about proof of funds.
So what it reads.... Bloke says to club... I'll buy the club..... The owners say show us your funds... The prospective new owner stalls and stalls then can't come up with the full amount by the deadline set
Surely to God, no one can blame the owners for not selling to him
Would that be before hosting prostitutes at parties or leaving the country to go to parties or driving while drunk ?
“Following discussions in the late summer, Matthew Pauls submitted an acceptable bid for the acquisition of Sunderland AFC, as have several other bidders before and since.
“He was subsequently advised that Proof of Funds would be the necessary next step before the bid was submitted to the EFL.
“For two months, that Proof of Funds document was not forthcoming, despite numerous requests.
“In the absence of that, but having promised to sell the club, the Board decided to proceed with another option, at a lower valuation but with strong proof of funds.
“Eventually, in mid-December Matthew Pauls sent a Proof of Funds document insufficient to cover the agreed purchase price, let alone the amount required by the EFL to fund the club going forward.
“The funds were also in the name not of Mr Pauls but of an unknown third party individual.
“At that point - despite the original offer theoretically being an attractive one for the vendors - it would have been irresponsible with regards to the club to persist in discussions with Mr Pauls when there was a solid, transparent, well-financed option on the table."
---
Never heard of him but if he's gone straight to suing SAFC it doesn't sound like he ever had SAFC's best interests at heart. Sounds like a chancer, looks like a wanker. Already hate him.
So what it reads.... Bloke says to club... I'll buy the club..... The owners say show us your funds... The prospective new owner stalls and stalls then can't come up with the full amount by the deadline set
Surely to God, no one can blame the owners for not selling to him
These were the blokes whose proof of funds were the clubs own parachute payments man. Why should we believe a word that comes out of their mouths? Think we know by now not to take Stewy and Charles’s words verbatim.
will sue for reputational damageI’m sure Donald will sue the sun if it’s fake news.
Hedge funders are unscrupulous crooks.
Our owners are full of shit.
The Sun is a despicable scum rag.
So, who the fuck knows what to believe.
distressed debt, man of the people. etcWas uncle Ellis involved in hedge funds?
Looks to me like nothing legally binding was ever signed. He's just miffed at being gazumped. Heads of agreement is not the same as contract for sale. It's more like when you accept an offer for your house, and then all the searches, etc happen. Either side can do what they hell they like up until exchange of contracts.