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The Times - Donald - Loans
- Thread starter The Rat
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R
Reiver
Guest
Good management is accepting surprises and reacting to a constantly changing situation in the right way.
You either sit back, trust the people who are actually running the show and relax or .......
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vinegar hill
Striker
Maybe it was always in the business plan to take out a loan.
This early in the close season with income low and particularly big earners on the books still to be paid things were always going to be stretched.
Until all the twats are off loaded and some transfer funds come in then it will be tight, most of the season ticket income is spread out.
Businesses do take out loans it's nowt really unusual.
This early in the close season with income low and particularly big earners on the books still to be paid things were always going to be stretched.
Until all the twats are off loaded and some transfer funds come in then it will be tight, most of the season ticket income is spread out.
Businesses do take out loans it's nowt really unusual.
To check out if the player is any good etc before committing.
But only 1 or 2 Donald said.
Guinness Guzzler
Striker
A couple of things, firstly the abuse of @The Rat is totally over the top. Whatever people think of a poster (I actually don't mind him as it happens) I wish they'd respond to the post rather than the person who made it. Totally different if he'd just invented some "I heard from someone" story but when he's actually posting an article from a newspaper it's pathetic calling him on it. I'm glad he posted it but half the thread has just been people jumping down the lads throat, totally unnecessary.
Anyway, the good thing with Donald is that I'm sure he'll respond to this article. He mentioned this summer being the worst part to get through but I'm sure he'd have mentioned needing a loan if that was the case.
As a conspiracy theory I haven't seen mentioned yet, I wonder if this is partly why Sartori is in now? We know he will have access to money, the kind of money that would negate the need for a bank loan. We also know that he only paid £3m for 20% of the business which seems low since that would value the business at £15m when Donald has just got a good deal by getting it for £40m. Maybe it's cheap because Sartori is also going to make a relatively small amount as a donation upon arrival (allowed under the league one version of FFP) to help us with this first summer.
Who knows, but the article is a bit worrying and was well worth posting. I'm not getting too concerned because we know for certain that Donald will have his say on it shortly
Anyway, the good thing with Donald is that I'm sure he'll respond to this article. He mentioned this summer being the worst part to get through but I'm sure he'd have mentioned needing a loan if that was the case.
As a conspiracy theory I haven't seen mentioned yet, I wonder if this is partly why Sartori is in now? We know he will have access to money, the kind of money that would negate the need for a bank loan. We also know that he only paid £3m for 20% of the business which seems low since that would value the business at £15m when Donald has just got a good deal by getting it for £40m. Maybe it's cheap because Sartori is also going to make a relatively small amount as a donation upon arrival (allowed under the league one version of FFP) to help us with this first summer.
Who knows, but the article is a bit worrying and was well worth posting. I'm not getting too concerned because we know for certain that Donald will have his say on it shortly
D
Deleted member 7101
Guest
Agree....I'm not a bedwetter. I am just surprised at some of the players and I think it may have caught the new owners on the hop a little and they will be having to juggle a bit more than they reckoned on. Having said that, I've been advocating a complete player clear out for a good while and I'm very glad to say it looks like it's happening!
Father Jack Hackett
Striker
That Michael Martin imbecile is presently cleaning up the mess he's just made on his computer desk in his mam's box room.
Comeback_Kenwyne
Striker
To me that's no Different to what he said last night. He said he's had lots of offers to invest in the club.
So to me it's maybe not sensationalist being the right word but the headline and 1st para aren't really backed up by any facts or the rest of the article.
To me that's someone who's heard the info from his interview and pulled a story together from what was said with just enough plausibility and conjecture balance to be able to get away with it.
Nothing new here IMO.
And I'm not being all partisan and defending our owner. I couldn't care less. I'm more bothered about truth and facts and to me this is a nothing story backed up with no more substance than his podcast yesterday.
As I said, nothing to see here imo
Erm
You can't have it both ways. If they are merely reporting what Donald says then what is wrong with that? And if they're doing that, then assuming Donald is telling the truth, what is not really backed up by any facts?
What's new to us, who obsess over the club, and what's new to them is entirely different. I don't disagree on the "nothing to see here" - that's sort of what I was saying. But if they decided reporting Donald is newsworthy for their readers then thats up to them. They've only been around 200 years or so, after all.
I mean come on man - I'll be perfectly frank: if I hadn't actually read an article, there's no way I'd be performing the bullshit cod-media analyst exegesis routine that so many people love these days. How can you sit here and pontificate about it having admitted you haven't read it? It's like offering an opinion on a game, if you haven't even watched it!
silky mackem
Full Back
Why didn't ya just listen to Stewart Donald tonight on the podcast and realise that is a f***ing bullshit sad fat mag gravy stained story
R
Reiver
Guest
I agree that he's a good poster, and raises many more useful points than many people, but his ready abuse of people is often totally over the top.
If you're happy to invade other people's threads, throwing hand grenades, you have to accept the reputation you gain.
As I always say on here, you reap what you sow.
Donald probably pissing the journos off by not giving them “exclusives” and talking directly to his main audience, us.
Wtf
Who's shit in your breakfast this morning!? Pontificating!!??
I was merely asking if anyone could confirm any part where they say he's actively trying to seek loans, and If not, then why the fuck are some people getting their knickers in a twist and saying "worrying" etc....as it's not really new news
Jesus do some people on here have to take the high horse or what
Carl and the Passions
Striker
The second half of the article makes it clear that it's a short term thing while we shift high earners and that we'll be on a much better footing once that's done. Donald said similar things on the pod yesterday about reducing outgoings on that front being the biggest hurdle right now. Pretty unconcerned to be honest.
Can only assume this was always the plan with it being so early on.
Grumpy Old Man
Striker
Absolutely nothing. In fact, the stock market frequently downgrades its ratings on companies that are seen to be too reliant on internal financing. A limited amount (with the key word here being limited) of borrowing as a percentage of net assets (known as gearing in the jargon) is seen as desirable. For normal, well-established companies a gearing ratio of 25-50% is seen as normal. anything under 25% is seen as low risk. After the recent share issue, the Sunderland group net asset position will be around £120m. In that context, any borrowings of up to £30m would be pretty much disregarded by an external analyst in terms of risk. If there's an £8m short term loan to cover a cash flow requirement, that would cause me zero concern. Of course, the article also makes no mention of who would be borrowing the money - Donald personally, Madrox, or the club.
All this assumes that there's any factual basis in the article at all. The Times ceased to be a paper of record many, many years ago; it's now just as prepared to pass off hearsay as fact as it's loathsome tabloid cousin.
Lord Alfred
Striker
Cash flow maybe....so we aren’t held over a barrel by scummy agents and players. Borrow up to £10m in the knowledge that it can be paid back over a much longer period than these c*nts can keep us hanging on. Eminently sensible imo.
It may be just paranoia on my part, but it appears that various outside organisations, are wanting to expose flaws in our new set up, if in fact there are any.
I believe we won't get this all sorted this summer, especially on the playing side, but are heading in the right direction to rebuild.
D
Deleted member 7101
Guest
Patch Lafayette
Striker
To be fair he said on the podcast that there are holes which weren’t anticipated - a lumper for Alvarez, money being accounted for for N’Dong which didn’t materialise.
We need to move the big earners quick. A £17m revenue with a £24m wage bill is going to present cash flow issues hopefully short term.
I applaud the stance with the players but at some point we need to get the weasels out
sunderpitt
Striker
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