Takeover News/Rumours


Status
Not open for further replies.
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.
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.
 
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
 
Last edited:
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 ! .
 
  • Like
Reactions: Gaz
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
 
  • Like
Reactions: Gaz
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.

Best I can come up with is this https://www.infrontanalytics.com/fe-EN/30056LR/Union-Agriculture-Group-Corp-/market-valuation . UAG has annual revenues of around $100m, so those P/E ratios give a valuation of $1-1.5bn. I'm not sure what percentage he owns, and of course, this excludes any other assets he may own. I wouldn't be too hung up on Forbes - from what I recall none of Fuhrman, Platek or Phelan are listed either. I'm pretty sure that, like the Sunday Times Rich List, you can request not to be listed.
 
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

Exactly. Nixon is a twat but when it comes to takeovers, his information is normally pretty solid. None of the ITKs have been in the loop.
 
  • Like
Reactions: Gaz
Status
Not open for further replies.

Back
Top