New owner confirmed…
- Thread starter Hutch-tiger69
- Start date
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Be careful what you wish for,
https://www.theguardian.com/footbal...-left-club-90m-worse-off-and-loaded-with-debt
"Sources with knowledge of the deal did, however, confirm some essential elements: the initial payments to Garlick, Banaszkiewicz and the other sellers have been financed with a loan from MSD UK Holdings, the investment firm of the US tech magnate Michael Dell, said to be approximately £60m. The loan is charged like a mortgage on Turf Moor and the club itself, which will have to repay it from its own revenues, with interest at a rate ALK has not yet publicly stated.
Initial reports that the club’s own cash reserves have also been used to pay the selling shareholders were accurate, the Guardian understands. Sources with knowledge of the deal put that figure at between £30m-£40m of the club’s money."
https://www.theguardian.com/footbal...-left-club-90m-worse-off-and-loaded-with-debt
"Sources with knowledge of the deal did, however, confirm some essential elements: the initial payments to Garlick, Banaszkiewicz and the other sellers have been financed with a loan from MSD UK Holdings, the investment firm of the US tech magnate Michael Dell, said to be approximately £60m. The loan is charged like a mortgage on Turf Moor and the club itself, which will have to repay it from its own revenues, with interest at a rate ALK has not yet publicly stated.
Initial reports that the club’s own cash reserves have also been used to pay the selling shareholders were accurate, the Guardian understands. Sources with knowledge of the deal put that figure at between £30m-£40m of the club’s money."
The mirrors in the toilets would no longer be the first item on the agenda. Maybe a billion pound debt might top that.
We have Roary and Amber ..but our trans fans are not catered for . When will we have a gender neutral mascot?
Just tell them when you’re free
Sunderland have a new 24-year-old owner, Kyril Louis-Dreyfus has settled the £12m charge on the club and has taken control.
Took over earlier today aged 23, now aged 24, that's footie for you!
And everyone's mate' and their mates would want free tickets. Pie in the sky. The fans couldn't even run or fund a club the size of Ferriby.
That's not going to end well....
I'm not so sure. A bit of youthful enthusiasm can go a long way.
If the guys a massive millionaire at 24, surely he has something about him?
Well unless he just happens to be a friend of Prince Andrew or someone?