Takeover News/Rumours


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@Gaz also think if it’s true Donald used the parachute payments to buy the club.

If he puts 5/6 million in to keep us going in the next few year. If he gets even 35 million in the next few year he’s made 30 million profit. It’s eye watering really

This needs some correction. At the last accounting date, he'd personally put in £11.2m (director's loan to Madrox, of which £9.1m went to Short, and the rest into the club). Sartori was owed £3m (which went to Short). The only profit Donald can make is from any surplus from either the sale of Madrox itself, or from Madrox selling its shares in Sunderland and any surplus being distributed to its shareholders after all the creditors have been paid off. The much quoted £37.1m was Madrox's cost of investment before it acquired new shares in Sunderland last November (paid for using the FPP loan). The £37.1m can only be justified on the basis of full replacement of the £25m to Sunderland; to the extent that this has yet to happen, the price is unjustifiable. Any sane buyer will know this. It's difficult to know precisely where we are at the moment, because it's so long since the date of the last published accounts. By my estimates, the amount put back into the club by the turn of the year had reached £13.5m (of which Madrox borrowed £9m). So if he's asking for more than £25.6m for Sunderland, he's looking to make a wholly unjustified, and unjustifiable, ptofit.

If Donald was to sell his shares in Madrox, his break even point is whatever is owed to him by Madrox at the time of the sale. Anything higher than that, in my view, is unjustifiable. You may think he deserves to make a loss; I wouldn't necessarily argue, but he's probably not psychologically ready, or even financially able, to do that yet.
 
I think everyone agrees there is no takeover now? Sucked in for the second year running. Gutting like, we need all the fans groups to start up the #donaldout stuff again. WMS, RR, RAWA, ALS the lot and none of these whining donald apologists saying they dont speak for them. Anyone who is not in support of action to run these horrible, greedy b*stards out of the club, cannot legitimately claim to be a SAFC fan in my opinion.
 
Can’t wait for the little shit to come out with the “I’m doing what’s best for the club” line.

He’s got nobody to blame but himself for his unpopularity. He’s managed to get “the biggest club to ever play at this level” mired in League 1 for three f***ing years.

I hate him.
Man City played at this level and would be classed worldwide as bigger than us
 
If it is just sartori getting donalds shares wonder if his father in law is involved? Clutching at straws like

Oi, hands off my straw
Mike has done brilliant for the mags, continues to back the manager when needed. Delusional mags thinking they should spend 200 million every season.

I agree but if theres a statement from Sunderland next week saying no takeover, back the team etc, then it's clearl we've been "Mike Ashley'd" and taken for idiots like he does every transfer window with them
 
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Oi, hands off my straw


I agree but if theres a statement from Sunderland next week saying no takeover, back the team etc, then it's clearl we've been "Mike Ashley'd" and taken for idiots like he does every transfer window with them

atleast he tried to sell the club to wealthy backers. Unlike Donald. We had the chance of a lifetime which he blew! Selfish prick.
 
Can’t wait for the little shit to come out with the “I’m doing what’s best for the club” line.

He’s got nobody to blame but himself for his unpopularity. He’s managed to get “the biggest club to ever play at this level” mired in League 1 for three f***ing years.

I hate him.
Yup. I honestly don't care who owns the club. All I want is for the club to be run with imagination, intelligence and innovation. Christ, based on where we are now I'd take basic competence. Stewart Donald and his merry band of bellends have proved time and again that they are utterly lacking in the intelligence, football understanding and humility that is necessary for SAFC to thrive in the absence of pots of cash to mitigate for their lack of ability. That they look at their performance over these past 2.5 years and aren't utterly ashamed speaks to the healthy dose of unwarranted arrogance with which they operate. Even now, if they started doing things properly I'd probably be open to their continuing involvement in the club. Sadly, doing things properly is a million miles beyond their limited skillset. Every day that they stay in control of SAFC is a day of us getting further stuck in the mire. The damage they've done may already be permanent.

Donald Out.
 
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I think everyone agrees there is no takeover now? Sucked in for the second year running. Gutting like, we need all the fans groups to start up the #donaldout stuff again. WMS, RR, RAWA, ALS the lot and none of these whining donald apologists saying they dont speak for them. Anyone who is not in support of action to run these horrible, greedy b*stards out of the club, cannot legitimately claim to be a SAFC fan in my opinion.
How can we anyone agree on something l, when we haven't got a clue if there is a takeover or not, apart from constant rumours on social media
 
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