FPP to take full control

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I've had a few interesting messages, from unconnected people but all with the club at heart, that there's been a very small change in the way FPP are progressing their interest.

Sorry to be vague but there's not much I can repeat and, in truth, haven't been told much more.

The only good bit, that could easily be guessed at anyway, is that there's a wish to avoid seeing the club slide down much further however much that might turn the screw on Donald.

My guess is that a new buyer wouldn't want to end up with a basket case of a club with demoralised staff.
 
I've had a few interesting messages, from unconnected people but all with the club at heart, that there's been a very small change in the way FPP are progressing their interest.

Sorry to be vague but there's not much I can repeat and, in truth, haven't been told much more.

The only good bit, that could easily be guessed at anyway, is that there's a wish to avoid seeing the club slide down much further however much that might turn the screw on Donald.

My guess is that a new buyer wouldn't want to end up with a basket case of a club with demoralised staff.
Sounds like the might not be playing the waiting game anymore and want it now ?
 
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The club stated in response to the national newspaper reports that ‘since year end’, Madrox has put £11.5million into the club. Is this all from shareholder funds or does this include the funds injected by the FPP group?

Madrox responded: “The detail around Madrox’s financing is private but we can confirm there are funds still within Madrox from all our investors that can be deployed as needed for Sunderland AFC or indeed other ventures we are looking at. Madrox has a wider investor base than it did when it acquired Sunderland from Ellis Short and a greater capacity to access additional funding when needed.”

So a very long way of saying 'it includes FPP's £9-10m'
 
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were gonna be stuck with the twats
aint we nothing good happens to us and gonna be more hell when mags takeover happens

I don't believe so.

Donald has had 2 failed attempts at promotion and parachute payments didn't help him ...

... I don't believe he has the stomach to try to build a team and get promoted.

If he fails again he'll be in trouble.

The Scunthorpe manager says they'll lose £650, 000 with the season being scrapped.

Donald would probably lose more and end up with half a dozen players.
 
“However, Madrox can confirm that in addition to the £5million deposit paid at completion we have injected into the club £9,075,000 in 18/19 and £11,375,000 in 19/20.”

Interesting.

I wonder how much of the £9.075m is to do with the Close Bros loan to SAFC. That went to Short, so there must have been some way to get that money back into SAFC. I wonder if that is included in there (it should be btw)
 
I've just seen that.

For a club Methven and Donald reckon will be sold, in a few weeks, they certainly have some long term plans <doh>
I don't like guesswork but the sale of Madrox to FPP may be dependant on Madrox diversifying their portfolio into a variety of investments, which would be inline with what you have said about benefiting the community.
 
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I don't believe so.

Donald has had 2 failed attempts at promotion and parachute payments didn't help him ...

... I don't believe he has the stomach to try to build a team and get promoted.

If he fails again he'll be in trouble.

The Scunthorpe manager says they'll lose £650, 000 with the season being scrapped.

Donald would probably lose more and end up with half a dozen players.

This is a major concern for me as another rebuild has got to go ahead before the another season starts, if he’s struggling now he’s not going to put money in to get us the players we need. Think we need a fpp takeover and soon
 
The Echo then also asked: Have the FPP group been approached since your decision to put the club up for sale in January to ascertain whether they would be interested in revisiting taking a majority stake? And can you offer any further clarity as to why they did not purchase a majority stake in the club, as initially intended?

Madrox responded: “FPP and Madrox are in regular and constant dialogue. They are a key partner to Madrox and are aware of all material developments regarding the club. We cannot comment anymore than we already have regarding their decisions regarding Sunderland and should they wish to comment I am sure they will.”


-The Echo also asked: Charlie Methven said in late March that the club was likely to be under new ownership by the end of May. Is this now deemed unlikely?

Madrox responded: “Unfortunately it is unlikely with the development that football may resume without paying spectators. It is impossible at this stage to give a definitive timescale.”

Encouraging that they're in 'regular dialogue', but 'Aware of all material developments regarding the club' is such Charlie speak that could mean anything.

It's pretty clear that if other people have met the asking price, as he claims, that FPP have no intention of doing anything in the near future or they'd have surely got involved if they felt the price was fair and multiple parties had also validated that price. That assumes the rest of it is correct and they really did turn down the cash from others on some kind of principle.

**** me, these guys are such ****ers you can never tell, and it's massively in their interests to keep FPP in the public picture.
 
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I've just seen that.

For a club Methven and Donald reckon will be sold, in a few weeks, they certainly have some long term plans <doh>

They dont have any plans none that work anyway.

They planned on going straight back up and going off into the sunset with bags full of cash.
 
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Ultimately I read all that in the Echo and it is exactly what happens when you give Charlie Methven the opportunity to spin every event into a RIP ROARING positive for THE FAILING SUNDERLAND who were a BASKET CASE CLUB before we took over.

I hate the guts of him. Everything he says feels slimy, every word laden with ambiguity. He is trying to say something positive in every sentence by being selective with the truth. I don't trust that they put £9m of new money (ie: not to replace debt they had taken out via the club) in 2018-19. Not a chance. I don't trust that loads of people are battering down their doors, and I don't trust the charcterisation of their relationship with FPP. We all know their money was a loan towards SAFC, not an investment in madrox on anything other than a technical level.
 
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