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SD has decided to sell!!

Discussion in 'Sunderland' started by HeatonMackem, Dec 30, 2019.

Page 13 of 46
  1. BOYCEY

    BOYCEY Active Member

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    Hope your right marra
     
    #241
    BOYCEY, Dec 31, 2019
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  2. makemdan

    makemdan Well-Known Member

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    iiwii... iykwim
     
    #242
    makemdan, Dec 31, 2019
  3. Confucius

    Confucius Well-Known Member

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    And to make matters worse, he’s here to stay
     
    #243
    Confucius, Dec 31, 2019
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  4. SAFCY

    SAFCY Guest

    #244
    SAFCY, Dec 31, 2019
  5. Sheep Farmer

    Sheep Farmer Well-Known Member

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    It's beginning to look like we've been shafted!
     
    #245
    Sheep Farmer, Dec 31, 2019
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  6. Sunderpitt

    Sunderpitt Well-Known Member

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    Yep I take it the Dell boys are interested.. I hope so!
     
    #246
    Sunderpitt, Dec 31, 2019
  7. Wibble

    Wibble Well-Known Member

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    indeed mate, they are not daft billionaire's.
     
    #247
    Wibble, Dec 31, 2019
  8. Danny Foctor

    Danny Foctor Active Member

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    Will it not be a case of FPP considering their £10M as a deposit on the sale price, assuming they’re still interested?
     
    #248
    Danny Foctor, Dec 31, 2019
    Smug in Boots likes this.
  9. rooch 3

    rooch 3 Well-Known Member

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    Must be a right mine field.
     
    #249
    rooch 3, Dec 31, 2019
  10. BigPete

    BigPete Well-Known Member

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    It would be like someone over RTG said that Schteeve was advising them early on and he has been at the last 3 games apparently.
     
    #250
    BigPete, Dec 31, 2019
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  11. HeatonMackem

    HeatonMackem Well-Known Member

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    Looking at their accounts (below), it cost Madrox £37m to buy the club debt-free. £12m cash + £25m of the club's debt taken on by Madrox. Are you saying the value of the debt-free club has gone down by at least £22m in 18 months?
    The squad alone is valued at £13m https://www.transfermarkt.co.uk/afc-sunderland/marktwertanalyse/verein/289
    Admittedly overvalued at £13m but then you've got everything else too, such as the properties. The stadium cost £24m to build. The academy cost £13m to build.

    upload_2019-12-31_15-46-5.png
     

    Attached Files:

    #251
    HeatonMackem, Dec 31, 2019
    smithy in nl likes this.
  12. Iansun

    Iansun Well-Known Member

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    Way owa me heed :emoticon-0102-bigsm
     
    #252
    Iansun, Dec 31, 2019
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  13. BigPete

    BigPete Well-Known Member

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    You're not alone mate, not alone :emoticon-0102-bigsm
     
    #253
    BigPete, Dec 31, 2019
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  14. SAFCDRUM

    SAFCDRUM Well-Known Member

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    Me an all. And I'm dead clever and that.
     
    #254
    SAFCDRUM, Dec 31, 2019
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  15. BigPete

    BigPete Well-Known Member

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    I pay someone to do all that stuff for me so not a scooby.
     
    #255
    BigPete, Dec 31, 2019
    SAFCDRUM likes this.
  16. Sheep Farmer

    Sheep Farmer Well-Known Member

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    Was the £37m before or after the parachute payment or was that always going to Short?

    Is it coincidence that creditors equals net book value
     
    #256
    Sheep Farmer, Dec 31, 2019
  17. bigsmithy9

    bigsmithy9 Well-Known Member

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    Surely there must be one rich Sunderland fan wanting to take over the club because he loves it and not in it to make money?
     
    #257
    bigsmithy9, Dec 31, 2019
  18. bigsmithy9

    bigsmithy9 Well-Known Member

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    Seems like yesterday when I was choked seeing Bob Stokoe running on the Wembley pitch to "attack" his goalie...……!
     
    #258
    bigsmithy9, Dec 31, 2019
  19. HeatonMackem

    HeatonMackem Well-Known Member

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    £37m was the value including future PP income, but there were also large legacy payments to make for old players etc.
    It's the same because Madrox didn't have a bank account. So for everything it owned (the club), it owed the same amount to other people (e.g. SD, CM, ES/SDC).
     
    #259
    HeatonMackem, Dec 31, 2019
  20. Sheep Farmer

    Sheep Farmer Well-Known Member

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    Aah! so that was the Madrox balance sheet.
     
    #260
    Sheep Farmer, Dec 31, 2019
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