Serious takeover talk

No!

 

Yes. We're not far off as it is and Parkinson doesn't seem to accept any **** so performances should improve. We should also have more money to spend in January than any other team in the league. All we really need is a goalscorer.

 

Aye, if we can get someone to bang them in then we have a punchers chance of crawling back up.

 

The rest of the team isn't that bad and if they got on a roll they'd look a whole lot better. Hard to do that though without a prolific goalscorer. Since Maja left we've been relying on everyone apart from our CF to win games for us which is a bizarre state of affairs.

 

2 players needed. Just 2. Mobile forward and a forward thinking midfielder

 

Probably a right back as well as McLaughlin is utter ****ing dog ****.

 

The money could have been given to them in the form of equity based on an agreed valuation of the club ( maybe the reason behind the time taken ).
In that instance it would be correct to say that safc would never need to pay the money back. They would have to sell their equity either for a profit or a loss. Regardless of what investment 'vehicle ' the shares are housed in, that would remain the case.
Maybe they have first dibs if Donald and methven decide to move on etc etc.
The options are endless.

 

It's on record. Donald's net worth is under 10m. He never had 50m .
Whether he got a loan or it was some 'manipulation ' of the parachute payments ( with the blessing of short ) ..he hasnt got 50m period.

 

I think I'm just going to be happy there is some investment and stop listening to the Methven media mouth mind.

"Sunderland won't ever have to pay any money back. That will allow them to see how the club progresses, and how things pan out for the club with that money behind it."

"They have no financial connection with Sunderland AFC and that’s the way it will stay."

Both Methven quotes on the same subject but could be interpreted completely differently.

 

They haven't got equity in the club or Madrox though. If they had, then the ownership structure of the club would have changed and Donald has categorically stated that it hasn't. A loan secured against equity with strings attached is the most likely answer.

 

You can dilute ownership without losing control.
Some are seeing transparency, I am seeing opaque right now. Right now we live in a world where what someone says one day us denied the following day by the same person.
If anyone chooses to believe that a bunch of American businessmen whose careers are built upon investing and buying companies, have chosen to give us approx 10m with no strings attached whatsoever is kidding themselves. Seriously, no interest, no payback, no equity nothing??
Yes Santa claus does pop down the chimney and the tooth fairy leaves money under your pillow.
It is a popular expression right now, but with business especially there is always a quid pro quo.
Methven is a spruiker. He can give us 50% of the news ( ie the good part ) and keep schtum about the remainder.
Btw I have no problem with 10m ( or so ) being made available if it keeps us afloat.
Clearly Donald doesnt have that money unless he mortgages his house etc etc.
There could be all sorts of other investment vehicles created to place this money in.
These blokes arent philanthropists and will expect something in return for their money.

 

What should be an exciting time for the club and fans has turned into a massive damp squib. The investment is in the hands of people who I wouldn't trust to organise a piss up in a pub. They had the opportunity to get the playing side going in a different direction with a change of management. The answer? Phil ****ing Parkinson. A dull uninspiring appointment. 2 wins from 7 games.

These ****ers in charge of the club are out of their depth.

 

I still need all this in layman's terms me like.
So, in essence, the Americans invest, invest some more, then invest again, until Madrox have only one way of paying them back ?

 

In essence mate there are two possibilities.

Either the Americans are involved in a gradual takeover of the club or they've spent months doing something that couldve been arranged in a few days.

 

Who has suggested no interest or payback? Certainly not me.

All I've stated is that the percentage of ownership has not changed (direct quotes from Donald) which means that equity hasn't been issued.

 

Not doubting that you may well be right but what would be the benefit of a gradual takeover?

I'm certain that it's much more than a loan, even though right now it seems like more of a loan than a takeover.

It feels like a structured deal that has never been seen before in English football, but I can't work out what exactly has happened, which fascinates me as a fan and someone who works in finance.

 

I'm guessing the benefit of a gradual takeover is on the side of the current owners. If Donald paid £15m for SAFC when he bought it I can only assume it's worth about the same now (he's cut costs, but parachute payments are about to run out and we're still in league one). So a full takeover now would have seen them walk away (having not taken a wage since they came in) with no profit.

Maybe Donald asked for a lot more to give him his profit and the Americans didn't think it was worth it due to the huge amount that needs to be spent to get us competitive. If the Americans still want the club (as it's still a good deal getting in when we're, hopefully, at our lowest ebb) then maybe Donald said it had to be gradual. If he can improve us as the process is on going (using money he might not otherwise have had access to) then he'll end up with more money when they start taking shares. The risk is that if we do **** the Americans might think it's not worth getting involved with, the current set up makes it very easy for them to walk away

 

No one can work it out which, I expect, is deliberate.

Whatever the case the Americans have gone to a great amount of trouble if it's just a loan or 'investment' with no involvement.

As things currently stand it would be a very poor investment.

Success, in the form of promotion, would instantly necessitate further, more substantial, investment.

Failure would also require more investment so imo there absolutely has to be some other benefit for the 'investors'.

The fact I was told, at the very start, that this was a takeover is obviously colouring my judgement.

 

He was horrific yesterday and has been most of the season, yet another awful signing from Ross, coton and all
I know most league 1 signings aren't going to be world beaters but christ there must be better options out there

 

According to CM we've just recently added a Midlands scout

I can picture it now

Ow son you want trial with Villa Wolves Birmingham or Sunderland lol