1. Log in now to remove adverts - no adverts at all to registered members!

RTG

Discussion in 'Sunderland' started by Maraaadonna, Oct 2, 2019.

Thread Status:
Not open for further replies.
  1. FulwellBri

    FulwellBri Well-Known Member

    Joined:
    Sep 28, 2019
    Messages:
    1,323
    Likes Received:
    985
    I had you pinned for global warming, brexit mess mind you.
    But everything..what a scoundrel you are
     
    #481
  2. Smug in Boots

    Smug in Boots Well-Known Member

    Joined:
    Jan 27, 2011
    Messages:
    64,830
    Likes Received:
    150,437
    It transpires that hundreds of gullible dopes came to 606 on the promise of free Wycombe tickets from me.

    Not because they were tired of being abused and told they were gullible dopes, etc <doh>
     
    #482
  3. FulwellBri

    FulwellBri Well-Known Member

    Joined:
    Sep 28, 2019
    Messages:
    1,323
    Likes Received:
    985
    S
    Sorry I heard in fact it was thousands..so there
     
    #483
    Smug in Boots likes this.
  4. Roppa

    Roppa Well-Known Member

    Joined:
    Sep 27, 2019
    Messages:
    658
    Likes Received:
    1,319
    Mine in the post I assume m8? :)
     
    #484
    Smug in Boots likes this.
  5. Roppa

    Roppa Well-Known Member

    Joined:
    Sep 27, 2019
    Messages:
    658
    Likes Received:
    1,319
    Lol, it’s more bizarre this hasn’t been removed from here :)

    So they have “loaned” themselves money? Jesus m8 that’s not legal, drawing money from a company would mean they couldn’t pay their creditors, otherwise known as fraud! All the companies are theirs, it is perfectly normal to provide inter company loans, which is all they’ve done. The clubs money is theirs. He had to prove to the elf that he had funds available, unless you’re saying he’s defrauded them as well?

    You have to understand you can’t accuse them of doing anything illegal or fraudulent on a message board, that gets the board administrator in as much bother as you. Give it up m8, if gom, who is a fantastic accountant btw, says everything’s fine, then everything’s fine, or if you have these conspiracy theories then at least make them “better” than they made some inter company transfers.
     
    #485
    Sid, OldNewtown, Nozs’ Hat and 5 others like this.
  6. Guinness Guzzler

    Guinness Guzzler Well-Known Member

    Joined:
    Sep 27, 2019
    Messages:
    1,439
    Likes Received:
    5,727
    I've always said that I appreciate the likes of Kittenmittons giving his view, always felt he got a lot of stick just because his view of the finances wasn't all rosy. For me we need people like that, whereas I feel GOM (who i like on there to be fair) will always err on the positive. They both obviously know their stuff professionally so there's room for both.

    That being said the post about them taking money etc, I'm not surprised it was deleted. Is it libelous? Not sure, but if I ran a website I wouldn't leave it there just in case! Again, that's not to say I don't appreciate the work he's done, all he's doing is trying to make sure the owners aren't taking the piss out of us, and that's fair enough. For any serious claims though you really need irrefutable proof. He's much better holding off on it until the next set of accounts come out then he can see how it looks there, it might all be totally above board
     
    #486
    Blond Bombshell and Roppa like this.

  7. Kittenmittons

    Kittenmittons Well-Known Member

    Joined:
    Oct 11, 2019
    Messages:
    2,004
    Likes Received:
    1,277
    I mean this is literally in the accounts @Roppa - they've also admitted all of this, I don't think you've quite grasped how this works! I've not parsed anything, I've gone by facts alone. I haven't accused them of anything illegal, but they own Madrox, and Madrox has benefited from a payment of £9.6m in the financial year 17-18. Worryingly, they then tried to disguise this in the podcast as 'an accounting error' by 'Angela the finance lady, bless her'. If this was the truth, then like every single other company, they'd have needed to amend it.

    The biggest questions are:

    1. Where did the £9.6m go?
    2. When is the parachute money coming back?
    If you don't want to know that, I don't know what to say. The way they talked about it a few months ago (that the money won't be coming back) and the way they've framed the next financial year (they won't be putting any money back in) despite trying to sell the club should tell you this is a major financial issue for the club.
     
    #487
    Blond Bombshell likes this.
  8. Kittenmittons

    Kittenmittons Well-Known Member

    Joined:
    Oct 11, 2019
    Messages:
    2,004
    Likes Received:
    1,277
    I think people are getting overly cautious about all of it. If they say things and then they're backed up by the accounts (or not) then they need to be called out. This isn't about 'legal' or 'illegal', this is all about the simplest of things, doing the right thing for the football club. Can anyone seriously believe that a £9.6m loan of club funds going out via madrox to persons unknown, when the madrox owner has a £9.6m debt to pay is not worthy of at least more of an explanation? And then for them to state a year later that it's an accounting error and isn't a 'loan' but a payment that they didn't adjust in their accounts? This is all worthy of query.

    GOM is a fine enough chap, but he is terrified of being blackballed by the club. I think earlier in the summer he (somewhat hopefully) believed he might get access to the Madrox accounts at some point. The fact that hasn't happened by now should tell you everything.
     
    #488
  9. BigPete

    BigPete Well-Known Member

    Joined:
    Sep 28, 2019
    Messages:
    2,802
    Likes Received:
    3,364
    Hope there not trying to rob us but who knows maybe MSD guys seen this?

    **** knows.
     
    #489
  10. Chunksafc

    Chunksafc Guest

    I assume you have spoken to GOM at length, you can't really say if he is "terrified" on a forum he doesn't post on
     
    #490
  11. Kittenmittons

    Kittenmittons Well-Known Member

    Joined:
    Oct 11, 2019
    Messages:
    2,004
    Likes Received:
    1,277
    That was his reason given to me when I challenged him about giving them the benefit of the doubt in June.

    Let's not forget this quote from Methven during the RAWA meeting which GOM attended (he asked this question and didn't challenge this characterisation), that should terrify all of us, as it implies we will never see this money again:

    please log in to view this image
     
    #491
    Sheep Farmer likes this.
  12. Chunksafc

    Chunksafc Guest

    That's your take on it, but you can't really mention GOM as being terrified when he doesn't have the right to reply
     
    #492
  13. wtdog

    wtdog Well-Known Member

    Joined:
    Jan 2, 2015
    Messages:
    639
    Likes Received:
    965
    Can I check as I don't follow the financial stuff but...CM is admitting to stealing money from our club? Bit stupid that.
     
    #493
  14. Blond Bombshell

    Blond Bombshell Well-Known Member

    Joined:
    Sep 30, 2019
    Messages:
    14,796
    Likes Received:
    33,547
    Have you been in touch with gom?
     
    #494
  15. Blond Bombshell

    Blond Bombshell Well-Known Member

    Joined:
    Sep 30, 2019
    Messages:
    14,796
    Likes Received:
    33,547
    This
     
    #495
  16. Kittenmittons

    Kittenmittons Well-Known Member

    Joined:
    Oct 11, 2019
    Messages:
    2,004
    Likes Received:
    1,277
    The MSD guys are probably aware of it because Methven said they'd up the asking price to accommodate SD's debt...

    please log in to view this image
     
    #496
  17. Kittenmittons

    Kittenmittons Well-Known Member

    Joined:
    Oct 11, 2019
    Messages:
    2,004
    Likes Received:
    1,277
    You do realise that

    1) I don't have the right to reply to GOM on RTG

    and

    2) Yes, I spoke to GOM and have no problem with him. My characterisation as 'terrified' is not a slight, I'm just saying that he felt that a 'softly softly' approach was best in May. I felt that a more decisive 'we can see this doesn't add up' approach was better.

    Up to you which you favour, neither is right or wrong, but I know which one hasn't delivered any results...
     
    #497
    Blond Bombshell likes this.
  18. King Kareoke

    King Kareoke Well-Known Member

    Joined:
    Sep 25, 2019
    Messages:
    1,672
    Likes Received:
    7,371
    No it depends what type of accounts are filed on the public record
     
    #498
  19. Kittenmittons

    Kittenmittons Well-Known Member

    Joined:
    Oct 11, 2019
    Messages:
    2,004
    Likes Received:
    1,277
    SD in May on the RR podcast said that he wanted someone to look through those transactions that were under question in Madrox's accounts and give them the ok. GOM wanted to be that man. They still haven't let him see them. It's October. This isn't about the official accounts we can see now (albeit we can glean something from them) because they will not show anything in detail. This is about SD and CM preaching about their transparency and then not following up.

    Again, nothing they have done is illegal, I just don't believe it is the right way to run a football club.
     
    #499
  20. King Kareoke

    King Kareoke Well-Known Member

    Joined:
    Sep 25, 2019
    Messages:
    1,672
    Likes Received:
    7,371
    Fair do's I misunderstood
     
    #500
Thread Status:
Not open for further replies.

Share This Page