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WMS Who Owns Sunderland AFC?

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Guinness Guzzler said:
Aye I still agree with @Hep on a lot of this. There'll be bits I don't understand but, for me, KLD will know about how much money is due and how much was in the bank and that would have determined the price he'd offer and how much of the club he expected for it. For me that sorts the parachute payment stuff. If Donald paid £20m in, the club would have been worth £20m more and he'd have got more money for the shares he sold. I was annoyed that he took the money out of the club and we effectively had to wait for him to drip feed it in, but now the majority of the shares (presumably!) have been sold I don't see it as a major issue. I'm a lot more concerned about the future ambitions and plans than I am about the past tbh, hopefully there's room to show some genuine ambition in January (and if it means investing money that squeezes Donald out then even better)
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If Donald and Methven had been upfront with it in the beginning there wouldn't have been such an issue. Peoole however, would have had concerns they couldn't fund/support the club going forward and there actions with the cost cutting, academy stuff etc would have added weight to that.

Instead though, they lied through their teeth from day one and throughout their entire tenure, including an orchestrated divide and conquer smear campaign on the fan base to distract, and even going so far at one point to announce they would sue a newspaper for releasing the info (although even that was hilarious as they were more bothered about the paper being 3 million out rather than the accusations they made).

It should not be forgotten about as long as they are here particlarly with at least one them them swanning around at games, on the board and still travelling on club business.
 

samaistonsrightfoot said:
If Donald and Methven had been upfront with it in the beginning there wouldn't have been such an issue. Peoole however, would have had concerns they couldn't fund/support the club going forward and there actions with the cost cutting, academy stuff etc would have added weight to that.

Instead though, they lied through their teeth from day one and throughout their entire tenure, including an orchestrated divide and conquer smear campaign on the fan base to distract, and even going so far at one point to announce they would sue a newspaper for releasing the info (although even that was hilarious as they were more bothered about the paper being 3 million out rather than the accusations they made).

It should not be forgotten about as long as they are here particlarly with at least one them them swanning around at games, on the board and still travelling on club business.
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Oh I agree with all of that. The lying was pathetic, they're both arseholes and I can't wait for the day they're gone. I just think that the parachute payment stuff on its own keeps being brought up when, following a sale of most of the shares, I don't really see it as a concern. We need rid of them both, and probably sartori, but for me the focus should be on how KLD is going to address things and improve us (including when is he going to invest enough to squeeze the other two out)
 
Guinness Guzzler said:
Oh I agree with all of that. The lying was pathetic, they're both arseholes and I can't wait for the day they're gone. I just think that the parachute payment stuff on its own keeps being brought up when, following a sale of most of the shares, I don't really see it as a concern. We need rid of them both, and probably sartori, but for me the focus should be on how KLD is going to address things and improve us (including when is he going to invest enough to squeeze the other two out)
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Tbf the only time it gets raised now, in the main anyway, is when discussing why they were disliked etc. It makes no difference in terms of it still having to come back in if it has already been reflected in the purchase. I don't even know the purchae price tbh let alone who owns what.
 
samaistonsrightfoot said:
Dear god. I hope that's because people are so happy with them.
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Whatever was said, it's pretty self-evident that Donald and Methven will still have stakes in either Sunderland or a new holding company. That alone will be enough to create pages of posts, irrespective of what those percentages actually are. There are many who won't be satisfied until they're gone, and/or refuse to believe their influence is more than their representation on the board of SAFC may suggest.
 
Guinness Guzzler said:
Aye I still agree with @Hep on a lot of this. There'll be bits I don't understand but, for me, KLD will know about how much money is due and how much was in the bank and that would have determined the price he'd offer and how much of the club he expected for it. For me that sorts the parachute payment stuff. If Donald paid £20m in, the club would have been worth £20m more and he'd have got more money for the shares he sold. I was annoyed that he took the money out of the club and we effectively had to wait for him to drip feed it in, but now the majority of the shares (presumably!) have been sold I don't see it as a major issue. I'm a lot more concerned about the future ambitions and plans than I am about the past tbh, hopefully there's room to show some genuine ambition in January (and if it means investing money that squeezes Donald out then even better)
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^ absolutely this. It all boils down to how much money the owner is willing to invest/gamble. Where the money is held is semantics. They'll be challenges about how to get it into the club with the league regulations, but nothing insurmountable.
 
Grumpy Old Man said:
Whatever was said, it's pretty self-evident that Donald and Methven will still have stakes in either Sunderland or a new holding company. That alone will be enough to create pages of posts, irrespective of what those percentages actually are. There are many who won't be satisfied until they're gone, and/or refuse to believe their influence is more than their representation on the board of SAFC may suggest.
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Well if it was 70% KLD and 30% split between the rest than I don’t think there’ll be any controversy.

If it’s not too far off the 50/50 mark then aye, there’ll be plenty said.
 
Grumpy Old Man said:
Whatever was said, it's pretty self-evident that Donald and Methven will still have stakes in either Sunderland or a new holding company. That alone will be enough to create pages of posts, irrespective of what those percentages actually are. There are many who won't be satisfied until they're gone, and/or refuse to believe their influence is more than their representation on the board of SAFC may suggest.
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Not really. We've known since day one of KLD they have a small shareholding so that would be of little surprise.

And KLD has admitted the ownership group is commited to supporting the club which confirms influence.

Methven was a minority shareholder prior to KLD and he had plenty.
 
Sea to Shining Sea said:
Well if it was 70% KLD and 30% split between the rest than I don’t think there’ll be any controversy.

If it’s not too far off the 50/50 mark then aye, there’ll be plenty said.
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Why? surely all the matters is how much is invested and if it is well invested, not from whom.

If KLD puts in £10m then the others with 50% would also have to put in £10m to keep their 50%
 
It's about their lingering presence being a drag on SAFC progress. We know they don't have money to invest, we know they don't have capability to contribute. Depending on the size of their ongoing concern in SAFC, all they do is provide a barrier to KLD investing (as his investment results in benefit going to others). I don't think this is going to be a good news story, but I kinda expect it. We've got to hope that they are finally removed as soon as possible. Please God the suggestions of an agreed price on promotion are actually true - even if their presence makes promotion that bit harder.
 
Hep said:
You're still missing the point, the value of the club will vary week to week as that is based upon current market conditions.

However, something is very clear.

The value of the club is smaller than the value of the club plus an extra £28m of cash in the bank.

Why do you think the money wouldn't have stayed in the bank? If was SD who controlled it. If he had wanted to invest it in players - he would have.

What you are saying is that you wanted SD to invest the money in players - which is a gamble. He could do that regardless of where that £28m was.

You are also correct, I agree they'll be no obligation for KLD to put £28m into the club, but even if there was, there cannot be an obligation to force him to agree to invest that £28m on players. Again, with KLD, if he wants to invest £28m in the club he can, via a share issue.

I'm not defending what SD has said, I agree his comms with the fans has been very poor and inconsistent.

What he wants for the club and what he'll get are two different things.
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I am struggling to comprehend what you're trying to defend thats for sure.

The bit in bold quite frankly is staggering. Its like you ignored what's happened at the club during his time on charge. We sold off (and plenty of anecdotal evidence to suggest this was pushed by the club) an extremely talented group of kids to keep the lights on. Some of whom could be helping us out now.

After the grigg signing we barely spent a penny and we all witnessed the squad getting weaker and weaker season after season.

He had to take out a high interest loan to keep the club ticking over. The club was stripped to a shell. It was barely functioning.

In the summer just gone we barely had a sellable asset in our whole squad.

His actions are indefensible and if you are a lads fan I just dont understand how you can't see how much damage he's done.
 
samaistonsrightfoot said:
I definitely don't think that will be the case but yes there would obviously be hell on if it were.
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I'm only worried about that because early in the KLD takeover talks all the rumours were that Juan Sartori and KLD were gonna combine for a majority stake. Which would have left the original 3 in a majority, and since they've failed to disclose it I'm anxious about it.
 
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