Grumpy Old Man
Striker
What’s this 10 million carryon?
No one is entitled to say anything bad against what’s going on aye?
The accounts disclosed that at 31 July last year, the club was owed £9.6m by another group company. Examination of the other accounts for the companies within the Sunderland Limited sub-group suggests that the amount was owed by either Madrox Partners (the company co-owned by Donald, Methven and Sartori, which owns the shares in Sunderland Ltd) or SJD Leisure Holdings, which holds Donald's shares in Madrox. Teh debt is shown as being repayable within 12 months of the year end, so the likelihood is that it has been repaid by now. It's not illegal, but it's not as common as loans on the opposite direction.