G Force
Striker
Exactly this
WMS Who Owns Sunderland AFC?
- Thread starter RTG
- Start date
kildaremackem
Striker
ES wouldnt have sold to anyone who wouldnt let him take the para money.
51 per cent..or 50 per cent plus one share...a simple majority. if he has that there is nothing the others can do to stop him
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riffraff
Striker
I’m not doubting your knowledge of the intricacies of the deal. I am doubting your internet persona of casual Irish fan to be sure.
So if the chancers had refused the para money thing what was ES‘s next move? Sell to whoever offered the most? Close SAFC down and lose the lot? Settle for a smaller amount of the para money? Raffle off SAFC?
Whatever it was you have just proven that theyre only here because of a deal that’s not allowed in current English football rules without a special committee giving it the nod. One of that committee miraculously emerged at SAFC as CEO a few months later. wow!
DonaldDownTheWing
Winger
Has Kyril ever said that he has a majority shareholding?
I know he said he has a controlling majority, but the longer this goes on, the more it looks like the other 2 have a lot more to say than it first appeared.
I know he said he has a controlling majority, but the longer this goes on, the more it looks like the other 2 have a lot more to say than it first appeared.
Mallard
Winger
He has said he has the final say, I do think that to be true. I think he/they have got this decision wrong, when we got rid of ross it didn’t take 10 days to get a replacement.
The one thing I think KLD and KS forget is that by the time they arrived we were in our 3rd season at this level and I think the talk of “projects” would be more palpable in the championship. They forget it maybe their first full season at this level but it isn’t the clubs.
chriswallace85
Striker
Some fucker better hurry up and remind them then.
molthemackem
Striker
The Echo are more or less question this too.
West_Winger
Winger
Yeah he has.
Charlie Methven spotted watching Sunderland's loss against Cheltenham Town as ownership question surfaces once again
Sunderland slipped to a third successive League One defeat against Cheltenham Town on Tuesday night.
www.sunderlandecho.com
This is from November when RAWA asked the question:
“Louis-Dreyfus said: “I spoke to Steve and Kristjaan this morning and they immediately highlighted the concerns raised with regards to the club’s ownership and that is why I’m writing to you today.
"The project we are undertaking can only be successful with the full support and trust of our fan base and as I have stated before, it is my desire to lead SAFC with openness and transparency.
"At present, I’m unable to share the details of the shareholder's agreement due to confidentiality clauses but will be in a position to do so in due course. I would like to reiterate that I hold a governance majority which was non-negotiable for my involvement.
"It places me in direct control of the club’s long-term strategy and day-to-day operations.
"Alongside the Executive Team and staff, I’m totally committed to working side-by-side with our supporters to deliver long-term success to the people of Sunderland and our wider community.
"Thank you for your continued support and I hope to see you all at the Stadium of Light on Saturday.”
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Church
Striker
Yep, questions really need proper answers now. The whole club structure should be fully transparent and right now it feels like the club is keeping things very close to their chest.
If there is nothing to hide then let's see what it all looks like.
Leeds went through a series of cowboy owners and it seems like we may be going through something similar. Prove us wrong.
If there is nothing to hide then let's see what it all looks like.
Leeds went through a series of cowboy owners and it seems like we may be going through something similar. Prove us wrong.
molthemackem
Striker
Now that second line frightens meYeah he has.
Charlie Methven spotted watching Sunderland's loss against Cheltenham Town as ownership question surfaces once again
Sunderland slipped to a third successive League One defeat against Cheltenham Town on Tuesday night.
This is from November when RAWA asked the question:
“Louis-Dreyfus said: “I spoke to Steve and Kristjaan this morning and they immediately highlighted the concerns raised with regards to the club’s ownership and that is why I’m writing to you today.
"The project we are undertaking can only be successful with the full support and trust of our fan base and as I have stated before, it is my desire to lead SAFC with openness and transparency.
"At present, I’m unable to share the details of the shareholder's agreement due to confidentiality clauses but will be in a position to do so in due course. I would like to reiterate that I hold a governance majority which was non-negotiable for my involvement.
"It places me in direct control of the club’s long-term strategy and day-to-day operations.
"Alongside the Executive Team and staff, I’m totally committed to working side-by-side with our supporters to deliver long-term success to the people of Sunderland and our wider community.
"Thank you for your continued support and I hope to see you all at the Stadium of Light on Saturday.”
Mallard
Winger
Agreed
Alfies Hat
Midfield
Waiting for the lecture on ownership and accountancy and why we should trust in the 'project'.
TeamOfTalents
Striker
Don't think this would be obfuscatied unless it was something we'd be disappointed with. Can think of no other reason.
chriswallace85
Striker
This. I can hear it already and it's really wind me up like.
DonaldDownTheWing
Winger
Yeah he has.
Charlie Methven spotted watching Sunderland's loss against Cheltenham Town as ownership question surfaces once again
Sunderland slipped to a third successive League One defeat against Cheltenham Town on Tuesday night.
This is from November when RAWA asked the question:
“Louis-Dreyfus said: “I spoke to Steve and Kristjaan this morning and they immediately highlighted the concerns raised with regards to the club’s ownership and that is why I’m writing to you today.
"The project we are undertaking can only be successful with the full support and trust of our fan base and as I have stated before, it is my desire to lead SAFC with openness and transparency.
"At present, I’m unable to share the details of the shareholder's agreement due to confidentiality clauses but will be in a position to do so in due course. I would like to reiterate that I hold a governance majority which was non-negotiable for my involvement.
"It places me in direct control of the club’s long-term strategy and day-to-day operations.
"Alongside the Executive Team and staff, I’m totally committed to working side-by-side with our supporters to deliver long-term success to the people of Sunderland and our wider community.
"Thank you for your continued support and I hope to see you all at the Stadium of Light on Saturday.”
Makes me wonder whether a governance majority means he needs those on his side of the table to vote with him.
parttimer
Winger
When the signs are there, it is not disloyal to ask questions. Some just think we should bow down to our overlords and accept what they say without daring to speak up. That worked out well in the past didn't it....
It's at the point where we really need some transparency. People assume kld has 51%+ of the shares. So if they agreed to scrap the NDA and they announced that kld had 51% of the shares I think people would be happy. They'd rather it was more, and that Donald and Methven had less, but they'd accept it. If they announce that kld actually has 70% of the shares, people will be very happy.
For me, the only reason not to tell people, the only reason to maintain an NDA, is if KLD actually has less than 50% (albeit possibly with the majority of the voting shares). So if they maintain this confidentiality, more and more people are going to assume that Donald and Methven still have a good number of shares and potentially more input than we'd like, especially when Methven is sat next to kld at matches. They don't have to tell us, but equally we don't have to give them season card money if we don't trust the people running the club to be ambitious and to be open with the fans.
For me, the only reason not to tell people, the only reason to maintain an NDA, is if KLD actually has less than 50% (albeit possibly with the majority of the voting shares). So if they maintain this confidentiality, more and more people are going to assume that Donald and Methven still have a good number of shares and potentially more input than we'd like, especially when Methven is sat next to kld at matches. They don't have to tell us, but equally we don't have to give them season card money if we don't trust the people running the club to be ambitious and to be open with the fans.
They’ve made a rod for their own back and KLD, imo, is perilously close to ending up going down the road Donald went down and turning support against him. Donald, Satori & Charlie need to go very, very soon. KLD either needs to buy them out or find a new investor/partner. It’s obvious we aren’t going to go up this season now. Being down here another season is one thing, being down here another season with that lot and the same old problems is quite another.
Father Jack Hackett
Striker
I really think they're going to experience this next season if they appoint another patsy such as McCann and keep this smoke and mirrors act. People got onboard for the new regime's soundbites - a new way of recruitment and a long-term plan etc but are starting to question the running of the club again. Donald, Methven and Sartori have relied on us turning-up blindly but I think they'll soon get a shock.
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