I've had nothing to suggest anything's changed from when I was told Donald is going. I just hope him and Methven no longer have even the slightest future involvement.
Just caught up on the thread for the last 20 pages. The most interesting development being that a fair few Sunderland fans imagine Dean Whitehead when they’re bucking away. I thought I was the only one...
I'm still suffering from it, had to go to the docs to get me a pick me up. Flummoxed me completely and was on a right downer afterwards as I've never had my cards marked before
Why the balance of power has shifted in Sunderland takeover talks as Stewart Donald eyes sale There has been a shift in power in Sunderland takeover talks – with the buying side now holding more of the cards. Ok That’s according to football finance expert Kieran Maguire of the University of Liverpool, who believes that potential buyers could now hold the upper hand in negotiations. The Black Cats remain on the market ten months after Stewart Donald announced his intention to sell, and The Echo understands that discussions are ongoing with interested parties – as they have been for much of the summer. And while many feared that COVID-19 could deter potential buyers, Maguire believes that the current climate could actually see more investors enter the market – as they look to buy clubs at a knock-down price. While Charlie Methven has confirmed that Sunderland will not be one of the casualties of the coronavirus, there are a number of clubs facing an uncertain few months ahead with major income streams cut-off. As such, investors are seeing a chance to purchase sides as ‘distressed assets’, for a much lower fee than expected. "It's a bit of a double-edged sword,” he said, speaking to The Echo. "I deal with quite a few people who are interested in buying football clubs, and there seem to be more of them about than ever because we have seen during COVID that there have been quite a few winners among high-worth individuals. "Some industries have done extremely well because of COVID and if you're one of the few then you find yourself a bit more wealthy - and the power in negotiations has shifted from the sellers to the buyers. "This means that potential buyers of football clubs are going around looking for bargains and they are in a strong position to drive down the price. I don't think COVID will put buyers off, but they will be taking a look at things. “ A number of clubs have already shown that takeovers can be completed during the pandemic, with Wigan Athletic nearing a sale and Charlton Athletic already purchased by Thomas Sandgaard. The Spanish-led deal for Wigan is particularly intriguing given the limited fee involved to purchase both the club and their impressive stadium. There are mitigating factors, but Magurie believes deals such as this could act as a benchmark for other takeover attempts. "Wigan are apparently being sold for between £3million and £4million, including the stadium which is an absolute bargain,” he added. "That sets a benchmark against which other deals are going to be viewed. Wigan's circumstances are that they needed to be sold by the administrators, so that would have also driven the price down. "But people will be looking for opportunities to buy football clubs as distressed assets, which is a horrible management term, and they'll be able to benefit from lower prices on the back of that.” Donald has publicly stated that his asking price for Sunderland is £37.6million – although in an interview with the Echo earlier this year, Madrox claimed that price was ‘flexible within reason’.
Just wondering if another bid has come in which may be more attractive to SD which is putting road blocks into the deal that Prehab/Magnus have some knowledge about. If this was the only deal on the table and in the current climate SD would bonkers to blow it up hence why I think there may be an other offer in the background.
Pressure seems to be building on the fanzines to put a bit of pressure on and get a statement out of the club.
whoa there's some news for first thing in the morning, that just caused a rather large brussel sprouter to explode in my trousers, making my eyes water, can you not be a bit gentler when releasing bombshells like that please
Articles about Dan Och and Glenn Fuhrman https://www.bloomberg.com/news/arti...-with-fuhrman-for-750-million-spac?srnd=deals https://www.usnews.com/news/technol...s-investor-dan-och-seeks-750-million-for-spac https://zbtnews.com/tech-news/billionaire-u-s-investor-dan-och-seeks-750-million-for-spac/ I found these sentences in the second article interesting, whether it has anything to do with us is another matter though - A SPAC is a shell company that raises money through an initial public offering to buy an operating entity, typically within two years. A merger with a SPAC allows a private company to access capital quickly and quietly, which is especially beneficial during the volatile trading conditions that have been influenced by the coronavirus pandemic and the Nov. 3 U.S. presidential election.
A SPAC is a shell company that raises money through an initial public offering to buy an operating entity, typically within two years. A merger with a SPAC allows a private company to access capital quickly and quietly, which is especially beneficial during the volatile trading conditions that have been influenced by the coronavirus pandemic and the Nov. 3rd U.S. presidential election.
