FPP to take full control
- Thread starter Whiteleas Wanderer
- Start date
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I've had a few mate! Basically I think it's good for SAFC not bad!
In off.In just going to hold off on this, received a couple of texts and haven't got a chance to go through in detail. Will see what's going on tomorrow.
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Yeah I got a text from a mate and I've edited that post as I do not think he's got it right. You can take it out of yours too if you like, I will look with fresh eyes tomorrow.
I will say this though, I have long held some suspicions about the original £5m 'deposit' and I reckon this may be to do with that.
I also stand by one part of that, which is that there's no chance Donald put money into us without protection to be able to claw it back or use it to pay FPP. He described the £11.5m they've put in since year end as 'interest free' and I'd be surprised if that isn't an indicator of loan debt between SAFC and Madrox that will only be shown on next year's accounts.
I also stand by one part of that, which is that there's no chance Donald put money into us without protection to be able to claw it back or use it to pay FPP. He described the £11.5m they've put in since year end as 'interest free' and I'd be surprised if that isn't an indicator of loan debt between SAFC and Madrox that will only be shown on next year's accounts.
I never see any of the vomit the 3 ****ers post as I have them on ignore
This current virus crisis had crystallised the situation imo.
No serious people will want to be associated with Donald and become part of his set up.
He doesn't have the means, either financially or logistically, to turn this around.
He's lost all goodwill and momentum, the club is worth less than when he bought it, not more.
The chances of attracting a new buyer are very slim indeed, especially given the virus.
All of which leaves two options. Either Donald continues to struggle, but now without the support and the gates, and we end up in a bigger mess. Or FPP, in one scenario or another, take over and put in the people they'd identified when they first wanted to buy the club. That will take money but would virtually guarantee promotion in one season, thereby achieving something Donald may never manage.
If, on the strength of Donald's performance so far, they want to 'invest in him further' then I'll abandon all trust in my own judgement. Donald came, saw and failed ...
... it's time for him to face facts and go back to his level, this is too big for him.
The gig’s up but he wants to stretch his five minutes of fame out for as long as possible.
It’s proper watchIng through your fingers stuff.
I am sadly resigned to the simple reality that FPP want us in the championship. I don't think it's a bad reflection on them as investors, but in this case it's obviously **** because we're probably going to be in L1 in 2020/21.
Donald has definitely taken the piss a bit, I have massive concerns with how he's run us from a financial pov, but conversely it seems likely that he is the most likely conduit for an FPP takeover. I don't believe someone else would be ok with taking over their financial arrangement, unless they're a similar level to Donald and trying to chance their arm for a very small profit. It's way too limiting to get a 'good' owner.
Which means we are in catch 22. To get rid of Donald and co, we need him to buy players, act in good faith, and use the FPP money to achieve promotion. I think the more we're forcing him out, the less likely he is and ultimately that means he will either sell to someone other than FPP, or he'll stick around and run it with a degree of animosity driving his decisions.
So I don't know how to feel. I want FPP, that's the obvious best case scenario, but then I think there's a likelihood given how ****e Donald has been with a lot of advantages over the last 2 years, that we won't get promoted even if he hoyed £4-5m at us this year. At that point we'd be without much chance of FPP taking us and probably vulnerable to another chancer nabbing us.
Unfortunately the options all feel ****ing **** now. It would be great if FPP came out and publicly set out their position, but as has been said before by people here, they have no obligation and that's probably not happening.
So we're in limbo.
Donald has definitely taken the piss a bit, I have massive concerns with how he's run us from a financial pov, but conversely it seems likely that he is the most likely conduit for an FPP takeover. I don't believe someone else would be ok with taking over their financial arrangement, unless they're a similar level to Donald and trying to chance their arm for a very small profit. It's way too limiting to get a 'good' owner.
Which means we are in catch 22. To get rid of Donald and co, we need him to buy players, act in good faith, and use the FPP money to achieve promotion. I think the more we're forcing him out, the less likely he is and ultimately that means he will either sell to someone other than FPP, or he'll stick around and run it with a degree of animosity driving his decisions.
So I don't know how to feel. I want FPP, that's the obvious best case scenario, but then I think there's a likelihood given how ****e Donald has been with a lot of advantages over the last 2 years, that we won't get promoted even if he hoyed £4-5m at us this year. At that point we'd be without much chance of FPP taking us and probably vulnerable to another chancer nabbing us.
Unfortunately the options all feel ****ing **** now. It would be great if FPP came out and publicly set out their position, but as has been said before by people here, they have no obligation and that's probably not happening.
So we're in limbo.
Keep your head up marra, you never know what is around the corner (I know **** all by the way)
I don’t think any of this would be a problem if Stew was the experienced football club administrator he wants to be.
Instead he’s shown himself to be naive, emotional and impulsive which isn’t exactly attractive to potential investors.
That is my feeling too re Championship, sadly. Although Smug’s point the other day re ‘slight change’ in stance in relation to them not wanting to see us drop any further...gave me hope to them stepping in sooner to save us.
We just have to hope for a resumption to give us a chance of the play-offs this year. Such a shame we conceded that last minute goal against Gillingham and the defeat at Rochdale. Fine margins indeed.
I just can’t see Donald authorising signings such as Maddison and Enobakhare, sadly.