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Significant investment by FPP has been made

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kildaremackem said:
right..and whats that got to do with the owners? club has a lot of employees? the
fanmzine people could just have read it off here..kin fact one the phrases they used..rischest club in the world..was used on here before anywhere else..

and things change.workd economy is fucked..safc is, like all footbsll clubs a cyclical business, and the economic cycle has gone into reverse..maybe they just changed their mind about the level of risk they want to take right now?
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I know you've got to say it wasn't from the top, but it isn't fooling anyone. The lads at RR spoke regularly to Donald. They had "McGangbangs" with Donald, they had Donald on speed dial. But you don't think that, upon hearing about a potentially massive story regarding the club, they might text him to ask if there's any truth before they publish? It hardly matters now, most decent fans are delighted by the investment, but let's not pretend the fans are stupid. If RR had heard from anyone other than one of the owners they'd have checked with them before printing. Like I say things change, it's all seemingly worked out well, so no one really cares, but the fanzines were fed info from someone at or near the top, clear as day, no point even denying it now
seanwharton said:
How do you know they aren’t interested in making interest?
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I'm sure they want to make money. But why would 3 (or 4) billionaires bother loaning about £10m to a third division football club for the likely pay back of about £250k each? They aren't a bank, there's no indication they want to become a bank, there are indications that they're interested in investing in sports teams. I don't think it's taking a giant leap to suggest that a quarter of a million profit sometime down the line probably isn't the sole reason for these American billionaires giving money to a third division English football club, you'd have to be pretty naive, or deliberately pessimistic, to even entertain the idea. I'm sure they want profit from their involvement with SAFC, absolutely, but they want a lot more than about a million between them
 
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kildaremackem said:
secured against the assets of madrox..ie safc..ie if madrox dont pay the loan back..the amercians take over the ownership of safc..which is what you want anyway-them to own safc?

the americans know plenty about it..they did due diligence etc..
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Pretty sure this was what they did with Miami
 
Grumpy Old Man said:
Nope.

I'm just waiting for more details. What we have so far is not a lot, although the capital restructuring is intriguing.
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I get the message GOM ,your secrets safe with me!...... it does appear to be a strange deal and its hard to see whats in it for the yanks!And what will happen if they ask for their investment back?
 
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oddbod said:
I get the message GOM ,your secrets safe with me!...... it does appear to be a strange deal and its hard to see whats in it for the yanks!And what will happen if they ask for their investment back?
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Let's just agree that you're coming at it from a position of complete ignorance. I bet it makes sense to them.
 
Call me a cynic or a lifetime sufferer of supporting Sunderland but why do I get the feeling something ain’t right about this ?
Grumpy Old Man said:
Nope.

I'm just waiting for more details. What we have so far is not a lot, although the capital restructuring is intriguing.
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Intriguing in a positive sense or very negative sense ? I’m guessing the latter .....
 
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0321safc said:
Call me a cynic or a lifetime sufferer of supporting Sunderland but why do I get the feeling something ain’t right about this ?

Intriguing in a positive sense or very negative sense ? I’m guessing the latter .....
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We all wanted change and we are getting it ,wait and see what’s said in the morning from the club.I bet you there is a few twists and turns to this tale yet ..
 
kildaremackem said:
but elkllis only took it over for a technical reaosn and wanted repayment..he woudknt have done it otherwise..if paying off sbc is something he wanted to do he would have done it much earlier..safc owed sbc..they wanyed paying quickly so ellis used his own cash and got reinbursed..he wouldnt have done it othwerwise..and we would have been left with the debt..safc benefitted from how the para money was spoent..these owners didnt.its that simple..depsite the torrent odf lies and slanders on here,..

depends who RR regard as a very good source..im sure tbey have more than the owners they considet ot be good sources..
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So what's happened to this seasons? If its paying off legacy payments that can only be Grigg surely?
The rest spent on wages, paying off Cattermole and Oviedo?
Its great that they've cut costs, but they haven't reduced them enough to actually spend anything.
The whole takeover from Short was screwed. They overcomplicated it money has ended up anywhere and everywhere! And I'm not entirely sure that's everything finished with him now anyway.
 
Guinness Guzzler said:
I know you've got to say it wasn't from the top, but it isn't fooling anyone. The lads at RR spoke regularly to Donald. They had "McGangbangs" with Donald, they had Donald on speed dial. But you don't think that, upon hearing about a potentially massive story regarding the club, they might text him to ask if there's any truth before they publish? It hardly matters now, most decent fans are delighted by the investment, but let's not pretend the fans are stupid. If RR had heard from anyone other than one of the owners they'd have checked with them before printing. Like I say things change, it's all seemingly worked out well, so no one really cares, but the fanzines were fed info from someone at or near the top, clear as day, no point even denying it now


I'm sure they want to make money. But why would 3 (or 4) billionaires bother loaning about £10m to a third division football club for the likely pay back of about £250k each? They aren't a bank, there's no indication they want to become a bank, there are indications that they're interested in investing in sports teams. I don't think it's taking a giant leap to suggest that a quarter of a million profit sometime down the line probably isn't the sole reason for these American billionaires giving money to a third division English football club, you'd have to be pretty naive, or deliberately pessimistic, to even entertain the idea. I'm sure they want profit from their involvement with SAFC, absolutely, but they want a lot more than about a million between them
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They want what they've always wanted. This way they can put money down and wait.

If Stew and co fail to get promotion this season they will be weakened financially and in debt to a party who want to own the club wholesale with no strings attached.
 
SebastienELLISbexter said:
Let's just agree that you're coming at it from a position of complete ignorance. I bet it makes sense to them.
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Lets not say that shall we!Ive read the brochure on ignorance and whilst the pictures are nice and the language a tad simplistic in the end i decided it was not for me!
Secret Visage said:
I've got an idea who it either maybe or akin to it maybe.
Either way the posts are clearly agenda driven and somewhat defamatory.


Why would financial fair play get anything out of it?

Danger.Danger!Fabric of universe in danger of imploding because oddbod made a typo!
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kildaremackem said:
well you people care about the CVs of the people who do the jonb-otr you pretend to when you talk about richard hill's CV-and citins is just about fine for the job..the people who came before him were much much moworse thamn he..and corrupt as well..so he is an improvemmnt..even of he is no good..while hill is an improvemtn on the disaste r ellis short appointed to the role-its that diastrous appointment that srtil;l holds safc back..
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I’m more of a proofs in the pudding type of guy, if what’s happened so far under coton is anything to go by then I stand by my may as well set fire to the cash post.
 
andymulesafc said:
everything is so black and white with you ffs.
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Happens that way with people who'd be better suited to supporting the Mags ;)
Mackemansj1 said:
I’m more of a proofs in the pudding type of guy, if what’s happened so far under coton is anything to go by then I stand by my may as well set fire to the cash post.
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I would imagine if the Yanks have invested that much that they'll have someone put in place to oversee that investment.
 
Secret Visage said:
Bit more detail

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"There’s a large scouting network now being put in place by Tony Coton, including substantial numbers of scouts in this country, Scandanavia and elsewhere."

That's one less thing for the whingers to bawl about.
Mackem Al said:
Unless they plan to significantly invest in and completely overhaul the recruitment team, process and policy then we are still knackered.
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That's exactly what they're doing according to CM in that interview in the Echo.
 
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