S.A.F.C. - the future

Explains a lot, we'll not hear anything else from Micky until 2024

 

So nothing left from a long decent career in football and bankrupt in mid 40s due to not paying his taxes.

Would have thought most of his earnings would have been tax free (for Bein sports)

 

Not so if he lives in the UK, all income regardless of where it comes from will be taxed at the UK rates unless he lives outside the UK and is declared and ExPat..meaning he can only come into UK for 90 days maximum per year

 

Ha Har a Devilish response my good fellow

 

Ah right, fair enough then. Still find it shocking he can't cover such a trivial amount though.

 

Have you consulted Smug's accountant - GOM?

 

Ffs! Humiliated!

 

It might be that Gray put all this cash he earned through the media and so on through a Ltd Co, and maybe that it's the Ltd Co that has went bust? Bit of a dodgy way to avoid tax like, but I've heard it done at a lesser level.

 

All of a sudden, Donald refusing to entertain a group fronted by Mickey Gray looks less like some strange sort of personal vendetta and possibly more just not trusting a group fronted by a bankrupt person who isn't allowed to promote a club (****ing hell, what is it with Gray and not being able to promote us ) . Did think it sounded strange that he'd let his personal opinion of one bloke prevent him from doing a multi million pound deal.

 

I don’t think personal will come into it when money talks
However Micky Gray is skint

 

There's something about these stories that doesn't ring true for me.

FPP, apparently, needed Charlie Methven to 'bring them to the table', this multi-million pound group need Gray to 'head their bid', etc.

People like these have solicitors, advisors, etc, who know far more about business than a minor PR salesman and an ex-player. Why would they need to be lead by the hand?

It just doesn't make sense to me.

 

Didn't Niall sell the bus/carpet to Ellis?

 

Of course it never happened like that but people are so willing to believe every negative thing about Stewart Donald.

 

That's the story isn't it, don't know how much truth is in it but Quinn has a lot more influence than Methven and Gray put together.

The idea that FPP, after having made Ashley an offer for NUFC, should need Methven to alert them to the existence of Sunderland is laughable.

I just take all these tales with a big pinch of salt tbh.

 

He really does give people a chance though L!

It's no wonder people think so ill of him. This is one of the most crucial times in the club's 140 year history, a club he mostly owns, and for about a year now since things were turning sticky he has said almost nothing at all, apart from resigning as chairman in the summer.

Nature abhors a vacuum, and the one he has created is being filled. Mostly with reasonable assumptions too, along with a few far fetched bits.

 

That's quite right and why every scrap of 'info' is being analysed to death.

It all confirms what I've been told, that Donald has already 'gone' and has no further interest in the club, only the money.

If this is how he protects his interests he'll end up in the same mucky boat as Gray, hopefully without dragging us any further down.

 

To be fair anything he said was also pulled apart and criticised as not being a good enough answer so I don't think he can win.

I've said before he's created some of it himself but it's also been created by others.

 

With a rights issue the club would issue more shares -every shareholder has the right to buy the new shares subject to the percentage owned - if they do not take these new shares, the other shareholders can buy them.

An example you own 50% of the shares and I own 50% shares we then decide to double the number of shares but I am skint so you buy your share of the additional shares and mine.

You now own 75% and I 25% of shares.

 

Good to hear. The fans main gripe with Donald was that he loved the spotlight and rambled on for two hours contradicting himself several times

 

you have alot more to a deal then just share %
You got staff issues
Covid issues
EFL stuff to pass
Due diligence