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Significant investment by FPP has been made

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If FPP want to invest lots of money they need to contend with FFP. That's the boring reality.

I'm sure if that's what they were intending to do they would have very smart people working out the loopholes and how to exploit them to maximum effect. Not just for this season but for many seasons to come.

I'm not saying this is what's happening but if it is I don't want to see their cunning plan put on the club website for the world to see.

The fact Donald appears to have been quarantined from the public view since this thing has been announced is encouraging. Even his biggest fans must admit he has a habit of over speaking.
 

Guinness Guzzler said:
No you make some fair points mate. I just think if we accept that it was looking like a takeover then if something went badly wrong there's not much chance they'd randomly have said "we're not bothered any more, but how about a £10m loan". I think they'd have just walked away and never looked back. My opinion is that they've been a bit put off by the risk involved so, rather than buying in straight away, they're dipping their toes in with a loan which they can get back if things go wrong, but which will help us build and if that results in us improving and if we get into the league above, then they will convert it into shares. I accept that's totally just speculation though!
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No we all hope the same mate, we all want the best for the club
 
BumbleBee said:
Per

Perhaps he gets somebody else to do it for him AKA Neil Fox? AKA Kildaire.
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Donald - or someone - has clearly got Charlie out to work again. I’m not excusing the abuse Donald has got.I followed him on Twitter. The abuse he got in January after Maja was sold was unacceptable. It didn’t drive him off. It didn’t stop him going to games. He was in the away end up to a few weeks back.

If he’s keeping a low profile I very much doubt it’s his call.
 
Rogue Badger said:
If FPP want to invest lots of money they need to contend with FFP. That's the boring reality.

I'm sure if that's what they were intending to do they would have very smart people working out the loopholes and how to exploit them to maximum effect. Not just for this season but for many seasons to come.

I'm not saying this is what's happening but if it is I don't want to see their cunning plan put on the club website for the world to see.

The fact Donald appears to have been quarantined from the public view since this thing has been announced is encouraging. Even his biggest fans must admit he has a habit of over speaking.
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They don’t have to contend with anything in this league if they want to put money in.
 
sksk3021 said:
They don’t have to contend with anything in this league if they want to put money in.
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Sooner or later it catches up. The Championship is a graveyard for poorly ran clubs as we’ve seen. They have put more than enough money in to get us out of this league if we are in anyway smart.
 
Rogue Badger said:
Sooner or later it catches up. The Championship is a graveyard for poorly ran clubs as we’ve seen. They have put more than enough money in to get us out of this league if we are in anyway smart.
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I thought the money they had put in was for infrastructure, academy, scouting and fan experience I’m not sure that’s likely to help getting promoted in short term at least.
 
gatopreto said:
Anyone know how much the significant investment is?
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its been field at companies hosue as £9m.
sksk3021 said:
I’m not really sure what you mean by as it appears? I am considering as it is, a loan, you say they would have no interest in making a small loan and yet that’s exactly what they have done.
It might be a strategy for the long term and it might not, we really don’t know.
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because it could be a convertible loan,.,gthat is..it converts to shares later.,..there might not be interest on such a thing...its a low rosk way for them to get involved..because they ahve put in 9m..say thats worth 60 per cent of the clubs value now..but if they wanit and cobvert in two or three years..the clubs ewuity could bew roth more and they got it at this price..its really quite shrewd..
Kermit said:
People are saying its not our business to know this sort of stuff. Personally i think it is. Im not saying it is the case at all, BUT it is possible that they could be getting us in debt. Im sure i read somewhere that both methvens company that holds his shares, and donalds company have taken advantage of the opportunity to change when their accounting year ends, pushing back the date that their accounts have to be filed by. Again, could be perfectly innocent but why are they doing that? Put this together with the "confusion" over how much he actually paid for the club, the fact he took some out to 'drip feed' back in over time and the fact he stated he wanted to be transparent when hes been anything but on the finances, and you have to start at least questioning whats going on.
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this isnt about safc finances..though..its about a company called madrix..safc have not been put into debt..
whetehr they have drip ped the cash in will be in the safc accoiunts, which havent been pushed back...
its none of your bsuiness if CM or SDhave pushed back the accounts of the other cpmpnies they own.#both ellie short and niall quin owned safc via a company in the channell islands so told you even less than these guys do.
there isnt confusion over how much they paid, not now, they paid £15m, they used £10m of the para money to do that.#they werent straight up about doing that and so deserv scepticism.
Ashley In!! said:
If it is a loan, the lost important question is are they charging us interest?
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charging who? ias the companeis house filings show..its not a loan to safc..they have used the moneynto buy snewl shares ins afc..so its not a loan to safc.
it may be aa loan to madrix..in which xase madrix may be paying interest..but its definitely mnot a loan to safc.
sksk3021 said:
Why not?
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because madrox is a private company. do you want to knwo the details of the finances of stewarts car leasing girm or charlies insurance company? same thing..
BumbleBee said:
I posted owa the road - it's a loan with strings attached. What those strings are we can only guess.
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its not a loan to safc though..they used the money to buy shares in safc..not issue a loan.
garyswc said:
Possibly but possibly not, I'm sure SD will give an honest and concise explanation at some point
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we havent. the company house filings show no loan to safc..they show madrix spent £9m buying shares in safc, simple as that.
where di madrox get the £9m? well that hasnt been filed yet...but if it was the yanks..then it was either a loan to madrox (not dto safc, or shares in madrix)
 
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They have given Donald some loose change (for them) to play with, he probably fed them the same load of shite he did the supporters when he took over. They bought into it fully at first, then somebody had a word with them, so now they have stuck in on 32 red for a bit of interest.
 
kildaremackem said:
because it could be a convertible loan,.,gthat is..it converts to shares later.,..there might not be interest on such a thing...its a low rosk way for them to get involved..because they ahve put in 9m..say thats worth 60 per cent of the clubs value now..but if they wanit and cobvert in two or three years..the clubs ewuity could bew roth more and they got it at this price..its really quite shrewd..

because madrox is a private company. do you want to knwo the details of the finances of stewarts car leasing girm or charlies insurance company? same thing..
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It could be a convertible loan, but there is no evidence of that. It might very well be a shrewd move or it may not be, we don’t know.

madrox is a private company that exists purely as a vehicle to own SAFC it’s nothing at all like Stewart’s car leasing company, the comparison is ridiculous.
 
sksk3021 said:
I’m not really sure what you mean by as it appears? I am considering as it is, a loan, you say they would have no interest in making a small loan and yet that’s exactly what they have done.
It might be a strategy for the long term and it might not, we really don’t know.
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I’m saying it appears to be not just a small loan, but a first step in something bigger planned for the future. As you say, we don’t know for sure, but that is how it appears to me.
 
kildaremackem said:
its been field at companies hosue as £9m.

because it could be a convertible loan,.,gthat is..it converts to shares later.,..there might not be interest on such a thing...its a low rosk way for them to get involved..because they ahve put in 9m..say thats worth 60 per cent of the clubs value now..but if they wanit and cobvert in two or three years..the clubs ewuity could bew roth more and they got it at this price..its really quite shrewd..

this isnt about safc finances..though..its about a company called madrix..safc have not been put into debt..
whetehr they have drip ped the cash in will be in the safc accoiunts, which havent been pushed back...
its none of your bsuiness if CM or SDhave pushed back the accounts of the other cpmpnies they own.#both ellie short and niall quin owned safc via a company in the channell islands so told you even less than these guys do.
there isnt confusion over how much they paid, not now, they paid £15m, they used £10m of the para money to do that.#they werent straight up about doing that and so deserv scepticism.

charging who? ias the companeis house filings show..its not a loan to safc..they have used the moneynto buy snewl shares ins afc..so its not a loan to safc.
it may be aa loan to madrix..in which xase madrix may be paying interest..but its definitely mnot a loan to safc.

because madrox is a private company. do you want to knwo the details of the finances of stewarts car leasing girm or charlies insurance company? same thing..

its not a loan to safc though..they used the money to buy shares in safc..not issue a loan.

we havent. the company house filings show no loan to safc..they show madrix spent £9m buying shares in safc, simple as that.
where di madrox get the £9m? well that hasnt been filed yet...but if it was the yanks..then it was either a loan to madrox (not dto safc, or shares in madrix)
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Niall Quin and ellie short had money though and didnt have a track record of misrepresenting the facts.
 
seanwharton said:
If it is a loan and they can’t service it then the club is the only asset to service it . Including the infrastructure.
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It's not the club's loan, it's Madrox who they have invested in.. Who have then bought shares in Sunderland to that value. Sunderland football club owe them nothing.
 
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darius said:
It's not the club's loan, it's Madrox who they have invested in.. Who have then bought shares in Sunderland to that value. Sunderland football club owe them nothing.
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And what is Madrox only asset ?
 
Just been reading Methven's comments re the loan from last night and they don't inspire confidence to be honest. He says it will be used to improve infrastructure which is fair enough, but saying we can now get the lift fixed at the AOL and fix the speakers at the SOL? Come on, this is at odds with the repeated claims from donald that we, "are in cracking financial shape". The fact that we need investment to cover these relatively minor costs, suggests this isnt really the case.
 
Kermit said:
Just been reading Methven's comments re the loan from last night and they don't inspire confidence to be honest. He says it will be used to improve infrastructure which is fair enough, but saying we can now get the lift fixed at the AOL and fix the speakers at the SOL? Come on, this is at odds with the repeated claims from donald that we, "are in cracking financial shape". The fact that we need investment to cover these relatively minor costs, suggests this isnt really the case.
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Where have ya read those comments?
 
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