Significant investment by FPP has been made

[Squat]

Season card payments tomorrow.

Good timing.

have they got mike ashley in as advisor?

 

[kildaremackem]

What is Madrox ?

the company juan stewart and charlie set up to buy sunderland..
it has its own dircetors accounts etc..
just as quinny and his lads set up drumaville tio buy safc..
when ellis came in he simpy bought drumavilel from them,,..
sounds liek these guys are simply buying madrox from its owners..

the only assets of madrox are the shares it owns in safc..so they get control that way..

 

[AB22 Easy Tiger]

madrox debt..not safcs...

Looks to me like SAFc are shielded from any debt.

 

[The Breen Machine]

£12m into Madrox's account I see, interesting

 

[iansun]

At least we might be able to spend sensibly in January, just need to make sure we're still in the hunt then

That's my worry with the recruitment over the last 18 month, could it be wasted again.

 

[kildaremackem]

It was always investment and it looks like at first it's in the holding company.

Why would these guys have gone public and appeared at games just for a loan where there's absolutely no involvement?

We could have got an loan from almost anywhere give the club is sound financially again.

lets ee if they become directors of madrox..no one said anything about no involvement..

 

[Sleepy]

Right, waste of time then.

How?

 

[Perryqhill]

Is Coton not part of the recruitment team that needs overhauling?

Depends. Maybe the guy has little or no infrastructure to work with.

 

[Black Cat Gypsy]

What I find really interesting, is that Juan still involved and his involvement will be increasing. Don't forget he is a wealthy man wil a lot of football connections.

What football connections? Why hasn't he used them yet?

 

[Snappy]

Some of you would twist on 21 ffs.

 

[AB22 Easy Tiger]

the company juan stewart and charlie set up to buy sunderland..
it has its own dircetors accounts etc..
just as quinny and his lads set up drumaville tio buy safc..
when ellis came in he simpy bought drumavilel from them,,..
sounds liek these guys are simply buying madrox from its owners..

the only assets of madrox are the shares it owns in safc..so they get control that way..

@Teed this is what I meant.

 

[GBSAFC]

Apparently:

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Is this merely a loan... Or a line of credit / debt

 

[Sleepy]

the company juan stewart and charlie set up to buy sunderland..
it has its own dircetors accounts etc..
just as quinny and his lads set up drumaville tio buy safc..
when ellis came in he simpy bought drumavilel from them,,..
sounds liek these guys are simply buying madrox from its owners..

the only assets of madrox are the shares it owns in safc..so they get control that way..

Careful, you'll blow their simple minds!!

 

[Bamber]

why not? you think guys this shrewd havent already got it locked down exactly what they wnat? and they wont want madrox..its nothing..

Good Afternoon Charlie

 

[Alfa]

Sounds like good new. I take it @Grumpy Old Man hasn’t put it all into layman’s terms for us yet?

 

[Forty]

Apparently:

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It cant be true because Nixon said it wasnt happening in The Sun. The Sun has never made up stories before has it.

 

[kildaremackem]

£12m into Madrox's account I see, interesting

yep and then it will have to go onto safc account..the new boys font want to lend madrox money..its fgot no assets

 

[Grumpy Old Man]

@Grumpy Old Man Does it look like this, or is it real investment? Please dumb your answer down, as I really don’t understand the financial side of all this!

Until I see some detail, I have no idea. The shareholding percentages referred to are those of the owners in Madrox, which in turn owns 100% of Sunderland Limited, the holding company for the club. The investment could be a straight loan into either Madrox or Sunderland, or else they could buy new shares in Sunderland Limited. That would leave the ownership of Madrox unchanged, but make FPP a shareholder in Sunderland. I really need to see some Companies House filings before I'm prepared to commit myself. Either way, if an eight figure sum (meaning in excess of £10m) hits SAFC's bank account, that's an enormous investment by L1 standards.

 

[Horace Cope]

What is Madrox ?

Came from Madrid Oxford. It's Stewart Donald's company. These billionaires have invested in Donald's company

 

[Guinness Guzzler]

depends if the loan is convertible into shares at a later date..so

Cheers. Not sure if a club statement will clarify but you'd have to assume it will be convertible, unless FPP have decided to try their hand at being a bank. Hopefully they convert it into shares eventually even if we're doing a bit shit! Would hate to think their future involvement all hangs on us getting it right now!