The chronicle pissing on the takeover


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And you haha

Charlie M has had a massive say in the club and he owns 6% of it

So your logic doesn’t apply

It’s a fair take by the paper like
That’s a good point actually. Annoyingly.
That article does highlight the point that once again, Stewart Donald is lying to the fans, and can’t be trusted in anything he says.
All his talk of I’ll know, and go, when I’m not wanted. Add to that his comments in july about desperate to get out.
The supposed deal we’re hearing about does not seem to factor in these promises he made.

I’m f***ing sick of the fat mouthed ****. Please leave, Mr Donald, because unlike FPP, I’m not willing to invest in ‘you’ any longer.

we’re the best thing to ever happen to charlie Methven and Stewart Donald and in return they have treated us as absolute mugs, and our club as a boys plaything. A plaything they’ve defended destroying.
We the fans are the parents who’ve turned our back for a second and then caught the little shits red handed setting fire to the dog.
theyve still got the lit match in their scruffy little hands and are claiming it ‘wasn’t me’.

fuck off!
 
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It’s a completely fair take on the situation like

People just kick off when it’s not what they want to hear.

Well said. It points to two important things. First the fact the same things certain members are saying about this new "buyer" just happens to be what they said about SD when he took over from Ellis Short, about Ellis when he took over from Drumaville, and about Drumaville when they took over from Bob Murray. And the fact we won't be rich because some guy from France is here.
They'll just be in it incase we become relatively successful imo. Probably have little say in anything going forward, just stay behind the scenes so to speak.

Is this the new guy your talking about?
Totally agree they are going to be, from what I’ve seen/read so insignificant in terms of ownership and having power. So I’m not sure why people are pissed they’ll still be involved rather than just being chuffed we are being taken over

Is this the new guy your talking about?
 
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I just don’t see why we have to be over the top excited cans out or instantly be labelled negative or doom mongering.

Ultimately whatever happens we need to judge on actions. Their wealth, age, connection to Donald doesn’t matter. Just judge them on what they do. Being positive or negative about it isn’t going to change anything.

After the Donald takeover I’ll not be getting taken in by words or owt like that. They need to be held to account for the actions they take from day one. Hopefully those actions are all positive ones
 
I just don’t see why we have to be over the top excited cans out or instantly be labelled negative or doom mongering.

Ultimately whatever happens we need to judge on actions. Their wealth, age, connection to Donald doesn’t matter. Just judge them on what they do. Being positive or negative about it isn’t going to change anything.

After the Donald takeover I’ll not be getting taken in by words or owt like that. They need to be held to account for the actions they take from day one. Hopefully those actions are all positive ones
Well said mate. We wait and see what actually happens.
 
What's he said that isn't true?

Anything which involves someone other than Stewart Donald as majority shareholder is a takeover. Clearly, we have a large subgroup who appear to believe that only having a single shareholder would count. And if changes to the board mean that the former majority shareholder is no longer on the board, it's a damn sight more than a "reshuffle".
 
Who knows what’ll happen with any takeover we get, but fuckin hell man even plenty mags think the chronic is a laughing stock.
 
It depends on how the money comes in. The deal clearly involves a redistribution of the share capital of Madrox. Any money coming into the club will come via Madrox, so the question then becomes a matter of how Madrox is funded. That can be done either by shareholder loans or increasing share capital. The former doesn't change percentage shareholdings, but would mean that if Madrox sold Sunderland, that would have to be paid first. If shares were issued, they would have to be offered to all shareholders pro rata to their holdings. In the event any shareholder can't or doesn't take up their allocation, then their percentage would obviously be reduced. If it got to the point where one shareholder owned more than 90%, then the other shareholders could be compulsorily bought out.
Like Ellis short did when he took over ? It's what will happen here in time.
 
Like Ellis short did when he took over ? It's what will happen here in time.

Ellis was supposed to be taking 30%, but in the end he bought the whole lot after the crash wrecked the Irishmen's finances. A better analogy is when Murray bought out all the fan shareholders in the 90s.
 
I think when you read the article, there is a sarcastic tone to it, but does anyone really give a toss what the Chronicle churns out?

I can see why some of our fans are sceptical and any stake that SD and CM still have (no matter how small) is too much. Still, the reports fro. France saying that we are interviewing for someone in a DoF mould is encouraging as it suggests to me that they are not happy with the way the club is currently run.

Tbh, I think its alright for everyone to have a difference of opinion on this takeover, we've been thru some shit and its hard for some fans to let themselves feel positive.

All we can do is hope that this time is different to the rest. Some fucker has got to get it right at some point ha!
 
I never said there were any doubts, I know nothing and cannot predict the future, just like you. Can it be worse than Donald, yes it could, but the chances are it will be better. I admit I was wrong about Donald at first, but he promised us to bring in investors, his greed got in the way of success. L’equipe are reporting that we are looking at the structure as a whole, Donald thought Parkinson had the best CV out there and was the best man for the job. He gave important roles to men from Eastleigh and ran away at the first sign of unrest. Forgive me if I give the potential new owners a head start on this one.

I don't think it will be worse, my only point is, how much will it be different?

I am concerned that those 3 idiots still have 41% of the club, it is unusual, no matter how people deny it, thats not how usual takeovers go is it? No more than a handful of times, someone buys the club outright.
Why would a billionaire keep derelict Donald on board in any capacity? That’s the worrying part for me.

or are they ”investing in him”

Aye, if the club is for sale for 36 million, then why would a bloke with a trust fund worth 2bn quid, not buy it out right

I dont believe that Donald is so desperate to keep onto shares that he has priced this bloke out of a takeover.
It depends on nothing.

If the new fella takes in excess of 50% of the sareholding, he'll be the one who dictates what's happening.

Be that, a new Chairman, CEO or utilising one of the existing bodies (Rodwell, Donald, Sartori, Methven) in those roles, he'll be the one ultimately who'll sign off on those.

Thats true but its also too simplistic

Charlie Metvehen had a big hand in appointing Jim Rodwell, and he only owns 6% of the club and doesnt have any official role at the club.
Yep this.

James is a straight down the line reporter who has been reporting on us for years.

He’s not a fanboy, but he has valid concerns and to dismiss them just because he works for the chronicle is a bit childish of posters.

Personally I do also think that IF we are going down the DOF route as reported then it does looks like more of a shake up, but time will tell.

Yeah I agree, if we appoint a decent sporting director it will be an encouraging sign

I'll wait to see what they do before celebrating this takeover though, been enough false hope under these owners, I don't believe anything linked to them, they are stone cold liars.
Sigh. Guided us to L1 did they? Don't bother replying.

Er yes, we have been in League one for 3 years under their leadership, no idea how you think that is acceptable.
Spot on mate.

But let's not interrupt the Donald 2018 style wankfest that kicked off on Friday.

Too many fans are so desperate for change they'll embrace anything- the amateur hour shitkickers staying included.

Aye exactly, just wait and see what happens!

Encouraging that the longer this thread goes on the majority actually do have the view we have, which is that.

We as fans need to learn our lessons from what happened under Donald, as the desperation for change allowed him to get away with murder in plain site, especially regarding the parachute payments
Totally agree they are going to be, from what I’ve seen/read so insignificant in terms of ownership and having power. So I’m not sure why people are pissed they’ll still be involved rather than just being chuffed we are being taken over

You aren't sure why people will be worried the 3 idiots Donald, CM and Satori will have 41% shares in the club. Seriously? Don't be so blind to people's concerns this time Janey, learn your lesson from last time when you were blinded to concerns expressed about the current owners.

Its not an outrageous thing to be concerned about, its totally valid.
 
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OK. Explain your concerns. How do you see Donald throwing a spanner in the works? Do you imagine he'd attempt to block investment in playing staff? Appointments?
I’m concerned that this takeover is still being driven by the current ownership. Sartori is Donald’s boy and kyril is sartoris. Regardless of who owns what % share it’s still the same cabal.

It’s perfectly valid to have that concern. Hopefully kyril is his own man and makes the right appointments but at present there’s nothing to go off. Therefore it’s fine to be worried just as it’s fine to be excited and at present there’s no way of saying which will be proven correct. Just have to wait and see what happens. Until then speculation either way is fine
 
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I’m withholding any judgement until everything is signed and there’s an official club statement. We’ve been here before and it was such a disappointment.
 
In corporate terms, it equals zero influence. Sartori was the one with zero influence before. Donald could basically do whatever he wanted, and there was bugger all anyone else to do about it. The situation will now be reversed.
Some f***ing master of industry here mind, as you know much will depend on the shareholders agreement but if you don’t think 20% represent an issue then maybe just maybe you aren’t as clued up as you profess to be on here everyday. There will most likely be all shareholder consents rather than majority, appointments etc. The issues is less a technical and more principal one however Juan is clearly I. Bed with Donald and Charlie. It’s clearly a move around with someone prepared to join the circus.
 
Some f***ing master of industry here mind, as you know much will depend on the shareholders agreement but if you don’t think 20% represent an issue then maybe just maybe you aren’t as clued up as you profess to be on here everyday. There will most likely be all shareholder consents rather than majority, appointments etc. The issues is less a technical and more principal one however Juan is clearly I. Bed with Donald and Charlie. It’s clearly a move around with someone prepared to join the circus.

Talking some horseplop you mind.
You've no idea how the deal is structured,who is "clearly" in bed with who or whether there's "clearly" a move by anyone around anywhere.
You're also insulting the integrity of a respected poster.
 
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