Mallard
Winger
I f***ing hate Stewart Donald me hes a pot less Mike Ashley.
mike ashley is a better owner than donald. Regardless of wealth.
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I f***ing hate Stewart Donald me hes a pot less Mike Ashley.
Bear in mind Sartori is a billionaire (or close to it) in his own right.
Im sure many will disagree but I have no issue with the current owners making a small profit to cover their time and effort over the past 2 and a half years. However, the small profit should only be in relation to what finances they have actually physically put in themselves and in no way should have anything to do with parachute monies that should rightly belong to the club and should be in our accounts.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.
Sold his business called the union group and is very close to being a billionaire in his own right apparentlyI have seen loads of people say he has less capital than SD and its him family that are loaded not him?
He's a very wealthy fella no doubt, but have you found anything to quantify it?Bear in mind Sartori is a billionaire (or close to it) in his own right.
Sold his business called the union group and is very close to being a billionaire in his own right apparently
nobody knows about his finances.He's a very wealthy fella no doubt, but have you found anything to quantify it?
He doesn't feature on the Forbes list, iirc.
Where have you heard? Probly will happen likeWell the strong rumour now is its him with SD keeping a small percentage
Where have you heard? Probly will happen like
Well the strong rumour now is its him with SD keeping a small percentage
Thats been the rumour since all this started. I know people don’t believe Nixon, but he’s said all along no sale and to look at redistribution with current lot and hinted at Sartori with maybe family / investors. He’s also said all along he wasn’t convinced SD going anywhere.
i’m still expecting that to be the outcome and always have. Nobody is paying his price, even more so in current climate
don't undrrdatnd why that would take so long though
I'm well sucked off with our club atm mind, a complete shit show from start to finish ! .
Did you type that first line while being well sucked off?don't undrrdatnd why that would take so long though
I'm well sucked off with our club atm mind, a complete shit show from start to finish ! .
Did you type that first line while being well sucked off?
Thats been the rumour since all this started. I know people don’t believe Nixon, but he’s said all along no sale and to look at redistribution with current lot and hinted at Sartori with maybe family / investors. He’s also said all along he wasn’t convinced SD going anywhere.
i’m still expecting that to be the outcome and always have. Nobody is paying his price, even more so in current climate
He's a very wealthy fella no doubt, but have you found anything to quantify it?
He doesn't feature on the Forbes list, iirc.
Thats been the rumour since all this started. I know people don’t believe Nixon, but he’s said all along no sale and to look at redistribution with current lot and hinted at Sartori with maybe family / investors. He’s also said all along he wasn’t convinced SD going anywhere.
i’m still expecting that to be the outcome and always have. Nobody is paying his price, even more so in current climate
Just dont understand why that would take months
you've spelled Smug wrong marraThere was never going to be a takeover, it's classic smoke and mirrors.