Ohh I just thought you were referring to Methven as a disc jockey When you sad Donald and DJ I must of mis understood
No mate I may speak to the person again next week when I'm off.if i do i will post any update on here
To be kind mate, you could just as easily have put 'confused' ... ... there's been so much confusion created by the owners.
1. They told us they were paying Short 40m. That the club was debt free and they were taking care of the 40m themselves without using the parachute payments. The parachutes would only be used in a worse case scenario of them defaulting on payment. That Short had agreed that the 40m would have to be spread over a period of time while they sorted everything else out and we had a real good go at promotion, if not the first season then certainly the next. 2. They lied and the above turned out to be untrue. Instead they used the parachute payments which severely hampered our chances of promotion last season and this and left us without a pot to piss in. Despite saying they would pay it back they have now written off the debt and are very unlikely to pay it back. Because of scenario 2 they sold our best first team players and are still actually paying some of them. Because of scenario 2 they sold the best of the players who had come through our academy and were first team ready (Asoro, Maja, Honeyman). The Maja one being an utter disaster that just wouldn't have happened if there had been 25m sitting there in our account to play with. Because of scenario 2 they have short sightedley ripped apart the best young academy team in the country, flogging them for peanuts and leaving the academy decimated. Because of scenario 2 we were unable to spend even a modest amount to get out of this very very poor league and now face a 3rd season stuck in it. Because of scenario 2 most of the fanbase has turned on them (they can't all be blinkered) and our club is at its lowest ebb. Because of scenario 2 however, Madrox has come from nowhere and is now a player in the business world looking at other sporting opportunities and no longer has a 20m hole in its accounts (SAFC do). As a season ticket holder for 33 years please excuse me for not thanking them for the 'benefit' they have afforded my club.
you mean like the bit where they said it would go back into the club then saying it may not, that the other blinkered confused people keep missing
They bought the club with the clubs money. There’s nothing to be confused about. They have no money to fund the club. Again, there’s nothing to be confused about. The cost of the club was their debt, not the clubs. Again, crystal clear.
It depends on the price Donald and co paid for the club, and what they are asking for it now. £12 million, £37 million, £26.5 million or £17 million. Donald says that he doesn't want to make a loss. Doesn't think that he deserves to make a loss. A loss compared to which amount? I'd say that the club has declined in the last 2 years. We aren't making the big losses any more but the playing squad (including the youngsters) is considerably degraded. The advantages that we had compared to other League One clubs have been gradually eroded.
Approx £5million of £25million. So, they’ve effectively taken £20million of the clubs money out to buy it. This is where the issues on this thread that have ran and ran.
Who else do MADROX own what do they do. And who are the owners? Oh. And where is their office. Often wondered about this.
Yes and no. They bought openly against the club and what they do is pay the interest on the clubs huge debt to keep it financially viable. What that then means is every penny the club makes belongs to the club, and United have the biggest combined commercial income on earth, all into turnover. Its shady, as if they ever sold the club the debt would add to any purchase price, but it keeps the club protected and profitable even if income drops.
Really good post. I've said it a few times last autumn, but anyone who thinks we aren't ultimately being shafted by writing off the debt to some degree is naive. Donald and Methven saw an opportunity that was likely afforded them by Short as a way of him squeezing a little bit of cash out of our future finances to his benefit. He could have written all of the debt off, but he wanted to gouge some of our future money for himself, which he wouldn't be allowed to do as owner. There were by all accounts, other bids on the table for the club. I was privy to info from the people who originally came in with Donald, and his heel-turn half way through that process is telling. This is a guy who saw an opportunity, if not devised by Short, then absolutely with him complicit (the setup of this involved him doing a reasonable amount at his end), and then took all of the benefit of owning the biggest club outside of the PL for himself. Now, we're told to believe that FPP are the engineers of it, which is quite patently bullshit. They were talking about doing this last June in the RAWA meeting. They are doing this for their own benefit, if it gets FPP in that sounds fantastic, but the reality is likely to be someone at their level buying us and them never paying back anything more than they 'already have'.
Whichever way you shuffle the figures FPP are currently the major investors ... .... whether you call the investment recipients Madrox, SAFC or Donald's profit its still the most.
