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Serious takeover talk

Discussion in 'Sunderland' started by Smug in Boots, Aug 21, 2019.

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  1. Nads

    Nads Well-Known Member

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    Having watched the full Parkinson interview I can genuinely believe they thought he was best for the job. For all I disagree time will tell and he’s here now.

    There’s maybe an element of the longer deal being for ‘stability’ and in the same way Coleman was removed as Short’s responsibility, then that could apply here if required.

    Hopefully Parky gets us going and it becomes an irrelevance.
     
    #9141
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  2. Chunksafc

    Chunksafc Guest

    I'm still in my optimistic mood so will say its going to happen.

    Hopefully with the same amount of money they put into that baseball team
     
    #9142
  3. FulwellBri

    FulwellBri Well-Known Member

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    Based on what.
    What would make them any more or less trustworthy than donald, methven and sartori?
    There are some posters still questioning the convoluted financing that donald utilised to take over safc. One national newspaper reckoned at best it was smoke and mirrors.
    Regardless of who is telling the truth on either side let's just assume both parties have used finance methodologies that comply with legal and accounting standards otherwise they are really setting themselves up for trouble.
    Bottom line donald wants to make a quid, the yanks see a good investment opportunity.
     
    #9143
  4. sheepman

    sheepman Well-Known Member

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    That's what I'm thinking. If they are doing a similar deal I would be happy with that.
    Seems little if no risk for the club.
    Anyone thinks they are just going to come in and give us £1b is kidding themselves.
     
    #9144
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  5. Nads

    Nads Well-Known Member

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    Seems on this basis, Donald getting his payout will utterly hinge on success on the park, so for us as supporters that’s a plus.

    Stu will need to back the gaffer in January. We need a striker, and we need a creative CM if we want a realistic punt at automatic promotion.

    We may well be able to grab Maddison for around £1million or so, Daragh who wins Peterborough is a very good businessman and won’t want to gamble on getting nothing for the lad.

    An ambitious loan would do striker wise, but maybe there’s enough going on without diving into transfer speculation right now <laugh>
     
    #9145
  6. Evil Jimmy Krankie

    Evil Jimmy Krankie Well-Known Member

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    Hackles you illiterate baboon, your hackles are up :emoticon-0114-dull:
     
    #9146
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  7. The Redbaron

    The Redbaron Well-Known Member

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    It also make sure that they keep an eye on their investments and control the situation before or should things go wrong.?
     
    #9147
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  8. Chunksafc

    Chunksafc Guest

    Would explain the sacking of Ross, that kind of came out of the blue
     
    #9148
  9. sheepman

    sheepman Well-Known Member

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    I actually think Parkinson makes more sense in this situation.
    If these chaps are on board then they are happy to play the long game
    Parkinson (although not my choice) makes sense building one step at a time and in the scheme of things is not expensive to replace.

    Might not be the instant hit some fans are expecting but the club will potentially be on very firm footings
     
    #9149
  10. Nads

    Nads Well-Known Member

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    I really ****ing liked Parkinson’s interview.

    It didn’t feel prepared, he didn’t blow bullshit about the club, he just came across as a fella delighted with the chance, knowing that expectation is going to be often unrealistic, and confident he can deliver.

    He did well for me. Time will tell if he changes my mind about him being ‘not the best choice’.
     
    #9150
  11. ROKER PARK

    ROKER PARK Well-Known Member

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    He came across as a really nice bloke but so did CC, SG and JR.
     
    #9151
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  12. sheepman

    sheepman Well-Known Member

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    Absolutely. If we are successful SD is successful but if he fails we still get rich owners.
    This seems far too good to be true from the clubs point of view. Must be a catch somewhere.
     
    #9152
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  13. Chunksafc

    Chunksafc Guest

    As I dont really understand the whole finance / loan / equity thing.

    Is it in really basic terms, they give us some money, we have to be successful to pay it back or they take control of the club?
     
    #9153
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  14. Nads

    Nads Well-Known Member

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    Absolutely, and they always do.

    It just all came across very natural to me, and I don’t get the impression he will be overrawed by the scale of the club.

    That, we in the main agree, was Ross failing. Reading into the behind the scenes at Bolton he did a great job there, and for all the ownership palava we are far, far better placed than them to push on.
     
    #9154
  15. FulwellBri

    FulwellBri Well-Known Member

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    Aye but what anout his hockles?
    Mine are like antique fob watches
     
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  16. Nads

    Nads Well-Known Member

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    Remember, we are speculating, but in simple terms, and of course depending on the size of the loan, Stu/SAFC will not be able to repay the loan without progress.

    Going up massively boosts finances, Stu can pay. Staying down, he likely can’t and as such his ‘equity’ or part of it, in this instance his stake on the club, pays the debt.

    So, in a scenario when he can’t pay, the Americans start to buy into the club by taking a percentage of his ownership.

    On the face of it, the winners are SAFC, as if we are speculating right, the clubs arse is covered.
     
    #9156
  17. Chunksafc

    Chunksafc Guest

    Thank you
     
    #9157
  18. West Winger

    West Winger Well-Known Member

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    If true then it seems a similar deal to the one Short had with SBC but in this instance the owners appear more inclined to play the long game if their investment strategy on their website is correct.
     
    #9158
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  19. cumbrianmackem

    cumbrianmackem Well-Known Member

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    Just tried reading from page 450 to 458 and am completely bamboozled.
    I know I'm getting on a bit now but all these initials and loan this or investment that has my head spinning.
    The new posters are certainly making themselves at home on here which is nice to see but I think like I did when the club were interviewing for our new manager I just gave up and waited till it was all announced on the clubs website and I think that's what I'm going to do with this thread.
    I really appreciate everyone's efforts in trying to bring the latest news to the fore but I think I'll switch off now and maybes look again after lunch on Monday.
    Hope it all goes how we want mind and the club can move forward with some cash in the bank.
     
    #9159
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  20. CoolerKing33

    CoolerKing33 Well-Known Member

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    Potentially yes, but maybe not...
     
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