Have to defend the OP here. He talks a fair amount of shite, but taking pelters from people for posting an article on our finances, by the paper of national f***ing record FFS, is absurd. Shows a dangerous, happy-clappy groupthink to me: everyone has drunk the Donald kool-aid and has suspended their critical faculties.
As for suggesting it's a smear story - this is the f***ing Times. It's almost certainly true.
The other reason why I think that mind, is that there's absolutely nothing worrying or remarkable about Donald needing a loan. As the article makes clear, our finances are in a good place long-term: the loan would be for a short-term cashflow crisis. Given Donald is hardly wealthy, in football ownership terms, and the nature of the deal he struck with Short, this too is not surprising - we still have crippling running costs, not least the midfielder who should not be named.
The loan is fine: don't shit the bed. If there is a mismatch between Donald's populist statements and his reported actions, it's the statements that are suspect to me. For me, he comes across as a financially competent man, but someone who is irredeemly desperate to people please in the fan media, inevitably leading to bluster if not shitehawkery. Doesn't mean he can't run the club well.
Is he borrowing from Satori at cheap rates? As we haven't yet raised cash from sales, we need money now to buy new players while they are available. Makes sense to me.
Aye, exactly. It makes sense.
I've skimmed this thread but has anyone posted or read the full article? As obvs I'm not subscribing to the Times.
The headline in sensationalist....as is the strap line.
The 1st paragraph then says simply he's been offered investment, which is what he said last night.
1st para doesn't say how or why or IF he's actually actively trying to get funding now.
So what does the rest say?
Sounds like sensationalist article to me.
He's applied for loans, we have a short-term cash crisis and he wants to get the club moving forward with new players. But long-term outlook surprisingly good because - which may be news to Times readers but is not to us - Short has cleared the debts. Not really a sensationalist article at all.