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FPP to take full control

Discussion in 'Sunderland' started by Whiteleas Wanderer, Jan 19, 2020.

  1. Roppa

    Roppa Well-Known Member

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    I think it’s a fifth columnist kitten, not a fifth column, which is the group which a fifth columnist would belong to. I assume you are an individual and not several people, or possessed by multiple demons, and calling yourself legion? Just thought I’d point that out :)
     
    #3961
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  2. Sunderpitt

    Sunderpitt Well-Known Member

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    Old-fashioned slapstick comedy was mentioned earlier...

    Lots of chasing ones own tail, was a recurrent theme...

    The articles in the Daily Heil, etc just seem to be rehashing old siht...

    Imho Donald has to sell as I doubt he can afford to fund the club, but wants to leave with a fat profit...which atm does not seems likely unless a couple of buyers will try to outbid each other..:emoticon-0114-dull:

    It also is looking as if the season is about to end....no more games, so not even a vague chance of promotion. Buyers will therefore be buying a L1 club...with relatively high running running costs!
     
    #3962
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  3. The Norton Cat

    The Norton Cat Well-Known Member

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    Could it not just be as simple as they had a look at it and didn't fancy it in the end. But they'd come so far that they ended up investing a small amount as an act of good faith or a 'sorry for getting your hopes up'. Everyone jumping at shadows and seeing some cloak and dagger shenanigans behind it all doesn't actually help anything. Until there is actually proof of wrongdoing, everyone should stop the fingerpointing.
     
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  4. Nads

    Nads Well-Known Member

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    Donald should just do his maths, make sure there’s no debt and plonk £5million on top.

    There’s your money, nobody is up in arms.

    So, £17-20 million debt free sounds about right dont it?
     
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  5. Wackyjacky

    Wackyjacky Well-Known Member

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    That would be fair enough for most people I think, for the work they've put in. Funnily, almost exactly half of what they're looking for, debt-free.......
     
    #3965
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  6. Agent Black Cat

    Agent Black Cat Well-Known Member

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    Not that I have seen but if they “paid Short £40m” (including the money) and want to make a profit, then the sell price would be north of £40m? However, we do know that the £40 was later reduced following the inflated valuation of Ndong. And I think I recall it being reduced to £37m. Forgive me if this has already been mentioned. Will they put the £20.5 back in - following a sale - remains the pertinent question here. We now know due to “exceptional operating cost” classification, they are not legally obliged to.
     
    #3966

  7. Owld Feller

    Owld Feller Well-Known Member

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    I can't believe that you are remotely capable of comprehending a discussion/debate between two sane (I think) adults without attempting to grab at any straw that you believe supports your argument.
     
    #3967
  8. Zig81

    Zig81 Well-Known Member

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    This place is getting like that shower of ****e over the road and funnily enough one or two of the posters on here are acting like cocks over there.
     
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  9. Owld Feller

    Owld Feller Well-Known Member

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    Really?
     
    #3969
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  10. Kittenmittons

    Kittenmittons Well-Known Member

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    I don't think they'd do that realistically. They were really not under any moral obligation to compensate anyone for it.

    I believe the most plausible path in all of the FPP dealings has been that they evaluated us as being extremely risky from the outset and wanted to take their time and let things develop before committing to ownership or investment. They loaned the $12m as a 'first right of refusal' mechanism, by the looks of it, so that if we got promoted, they would be at the front of the queue if they wanted to be. If not, they could walk away and recoup the $12m via the loan terms.
     
    #3970
  11. Kittenmittons

    Kittenmittons Well-Known Member

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    Ha, good semantics, and well spotted.
     
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  12. The Norton Cat

    The Norton Cat Well-Known Member

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    Maybe they did, maybe they didn't. My point was more that we don't know what their thinking or their motivation was but seeing, as you put it, chicanery in all of the minute snippets of information that slip out doesn't help anyone or anything.
     
    #3972
  13. Guinness Guzzler

    Guinness Guzzler Well-Known Member

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    I don't think they wanted the full asset. Not with an underperformimg management team and when it's still in league one . They don't want to be hands on, so they need a good management team in place. Being in league one is a huge risk because that's two promotions they need before they can even think about making money, which is a big ask for people with no record in football and, likely, limited knowledge. For the price Donald wanted it wouldn't be worth it. So, Donald tells them that he'll get it right, he'll get us up, he could stay on afterwards. FPP think fair enough, we could offer him a loan, he gets to try and prove it, it's absolutely risk free for us, if he proves good at it we can take it on in the championship with less risk and, if he's still popular with the fans, we can keep him as chairman and not need to worry about the day to day. Since then he's proven more inept and the fans want him gone, which probably complicates things as far as they're concerned. If they have the full asset they're fully liable for any losses if they can't get it right. This way they can get to the table in a pretty risk free way
     
    #3973
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  14. Kittenmittons

    Kittenmittons Well-Known Member

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    Yes that's it, exactly what I was getting at and I agree.

    I don't think any of that is terrible for us, but obviously there is a risk that Donald ****s it up badly enough that FPP refuse to take up the default rights because they think they won't be able to recoup their money unless they engage in a PR nightmare of selling off the club's assets, or they have to spend a substantial sum to ever be able to get $12m back via promotion(s) under their chosen management team.

    But hey ho, I am interested to see what Donald says, he's maybe backed up enough to divulge more concrete info about the FPP deal in order to wriggle his way out of this situation.
     
    #3974
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  15. John 11:35

    John 11:35 Well-Known Member

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    I’ve got a headache so haven’t read the long posts. Are we agreed Stew is a billy bullshitter now?
     
    #3975
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  16. Billy Batts

    Billy Batts Well-Known Member

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    Yes.
     
    #3976
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  17. Zig81

    Zig81 Well-Known Member

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    Never in doubt to the majority of us.
     
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  18. The Norton Cat

    The Norton Cat Well-Known Member

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    No.
     
    #3978
  19. gillmackem

    gillmackem Active Member

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    I Donald's full of ****e
     
    #3979
  20. Magnus

    Magnus Well-Known Member

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    #3980
    Last edited: May 9, 2020

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