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S.A.F.C. - the future

Discussion in 'Sunderland' started by alan reed, Jul 24, 2020.

  1. Sam Handwich

    Sam Handwich Well-Known Member

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    I'll ask again then. Whats happened with the Americans today mate
     
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  2. Southern A

    Southern A Well-Known Member

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    Nice. Find out for yourself mate.
     
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  3. sheepman

    sheepman Well-Known Member

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    Not convinced his posts have been pretty bland and generally in answer to questions. Suspect if he had much he'd be all over it
    But never mind he may know more as you say
    In any case. it's another little piece of this takeover jigsaw. So little verified info it's been facinating trying to piecie together what's going on
     
    #31403
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  4. Southern A

    Southern A Well-Known Member

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    Nixon has two types of tweets. The ones where he answers questions and are very vague, and the ones where he proactively tweets definitive stuff. His tweet today wasn’t vague at all. It was specifically saying the Americans haven’t been paid yet and are demanding to be paid as soon as takeover done, which it isn’t yet as KLD wants more of the club.

    Which is tremendous news as between FPP and KLD they have Donald over a barrel. The fear is Donald is now going to try a miraculous escape by feigning financial poverty to get a football league grant that will cripple us but allow him another punt at lucking out with a promotion. It’s like he’d be all in. And seeing he’s barely spent any of his own money I fear it’s a reckless gamble he might be willing to take.
     
    #31404
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  5. Larza

    Larza Active Member

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    The paperwork has been lodged with the EFL, surely everything is agreed at this point regarding financials and share percentages?

    It’s been a long slog waiting, just a bit longer.
     
    #31405
  6. Porterfield73

    Porterfield73 Well-Known Member

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    Please correct me if I'm wrong, but as I see it FPP want all their money back (11.8m) to allow a takeover to happen. If SD can't or doesn't repay this, he loses the club to FPP. KLD is prepared to pay £22m (ish) for a stake in the club now, with a further payment to SD down the line for his remaining shares. Now if I was KLD I'd be speaking to FPP and suggesting that they just let the situation develop into a crisis and let the club pass to FPP, at which point KLD steps in and buys the club from FPP for a sum somewhere between 11.8 and 22 m ( say 17m ) , which gives both parties a great deal, and ****s SD off completely. Is this realistic?
     
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  7. Montysoptician

    Montysoptician Well-Known Member

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    I think that Donald is desperate to sell, but prospective buyers have him by the short and curly’s. Prior to the pandemic he valued the club at around £38m, since that valuation the club has gone from a healthy income and making a small profit, to 9 months with no income and losing £1m per month

    Prospective buyers are in a very strong negotiating position and any offer will be much lower than the initial valuation by Donald and will reflect the lack of income and the uncertainty about when crowds will be allowed back into the SOL

    I can’t stand the bloke but I am not sure he is to blame for the current delay because every month it goes on, shaves £1m from his profit. If it was me I would want the deal done yesterday not tomorrow
     
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  8. Southern A

    Southern A Well-Known Member

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    i guess the risk for both parties here is that Donald finds somebody else to sell to in the mean time.

    For FPP to get the club, Donald is essentially writing off the club as valued at whatever the remaining FPP loan is. At that point if and Tom dick or Harry comes up with a £15m bid he might take it if the only alternative is FPP.

    Im still confident KLD is going to win this. I think today’s “developments” are great news even if it’s disappointing that it appears an announcement may not be as imminent as hoped
     
    #31408
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  9. Southern A

    Southern A Well-Known Member

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    yes it seems the cause of the delay here might be KLD knowing he has Donald against the ropes and squeezing the life out of him
     
    #31409
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  10. sheepman

    sheepman Well-Known Member

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    He did. However today's tweet followed a very typical pattern with him. He's very clever at taking stuff and linking it to controversial possibilities
    Rodwells article saying it's complicated and there is still stuff sort out. Followed by Nixon tweeting what I suspect was speculation on what is to be sorted

    Maybe that's just me being cynical about journalists. Either way I'm not too worried at the moment the more shares Donald gives up the better
    However the longer it goes on I wouldn't put anything past SD

    Just happy we appear to have a football team again to take our minds off it
     
    #31410
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  11. Southern A

    Southern A Well-Known Member

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    this is all fair.

    And the last point is spot on. This takeover can take as long as it wants as long as we are winning. If Donald lucks his way to two promotions and a premier league title I’ll be the first calling for a knighthood when currently we want him crucified :D
     
    #31411
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  12. sheepman

    sheepman Well-Known Member

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    Not sure what we'll do when this is all sorted find the debate and the different views fascinating trying to piece together what's becoming a real jigsaw of info
    Suppose we'll just have to get back to talking football
     
    #31412
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  13. Smug in Boots

    Smug in Boots Well-Known Member

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    Was it?
     
    #31413
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  14. Smug in Boots

    Smug in Boots Well-Known Member

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    I've already started concentrating on the football mate.

    The takeover will take care of itself and we'll have a brighter future, I'm sure of that.
     
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  15. Flamin hot

    Flamin hot Well-Known Member

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    Starting to doubt wether this will go through mainly because of Donald
     
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  16. Southern A

    Southern A Well-Known Member

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    I think it’s fair to say the general consensus thought it was at the time. The word “adamant” possibly not the right one, the point I was making was more that Nixon’s stance on it has been closer to what is coming to fruition than the we had all thought when we were writing him off.
     
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  17. The Redbaron

    The Redbaron Well-Known Member

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    Nah, it'll be over soon. As the song goes...
    "it beginning to look a lot like Christmas, every where you go" or my version "Its beginning to look a lot like Donald, Fecked every where he turns"

    The sooner FPP or Dreyfus take the reigns completely, the better.
     
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  18. Sam Handwich

    Sam Handwich Well-Known Member

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    Sorry mate. Didn't mean to come across like that. Is there a link to the FPP thing or can you summarise please.
     
    #31418
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  19. Smug in Boots

    Smug in Boots Well-Known Member

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    I don't think that's fair at all tbh, in fact it's a long way out imo ...

    ... and, as far as I can see, nothing has yet come to fruition.
     
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  20. Pure River Slut

    Pure River Slut Well-Known Member

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    ‘Someone else’ would spend a lot of time doing DD and it would still cost him a fortune waiting.
     
    #31420
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