Probably cause we're a massive risk and very difficult to make sustainable. If this owner doesn't get back to back promotions, he's going to struggle to get investors on board and that's when we'll hit more problems. We're by no means saved yet, but in a better position than under short.
Imo Quick promotion to the championship is a must, I think we can take a couple of seasons after that before getting to the premier league. I don't think back to back promotions is realistic nor something the new owners will be relying on.
Then we'll be unsustainable imo and would have to get investors on board in the Champ which would be extremely difficult. We are rebuilding debt already ultimately. Most our paras will be going to Short cause you can't generate 40m of profit in in the next two seasons. Where's the revenue coming from to pay our debts to the other clubs? cause we're not debt free regardless of what's been said, We owe Short 40m and I'm scared to know what we owe to clubs.
Did they mention 2 season for paying Short? They just said they will pay him over a period of time (I think) Donald mentioned he has a Hefty budget this summer to get the club "squared off" I understood that to mean all ongoing payment contracts will be sorted. I believe they had to have a plan in place to do that in order to satisfy the EFL. Could be wrong though, might have been a budget to service the payments until the club is sustainable.. I am sure that any plan will mean we will be relying much more on our academy than before. A very good thing imo. Think Ball will be given a strong position (head of academy perhaps ? )
Yes, he confirmed the 40m owed is secured against the next two para payments. 100% Think the hope is we raise decent money on sales to help with what we owe to other clubs, he was firm demanding not 1st team transfers were made before he took over. We'rve raised nearly 10m with borini and lens, Khazri will bring the big money, but small sums of the rest who want to leave could add up so, so fingers crossed we raise enough to cover the bulk of the money owed to other clubs. Obviously he'll have injected cash for this seasons budget along with Charlie Methven 6%. There's a lot of cost cutting to come, let hope there's lots of takers for first teamer, we need as many gone as poss apart from the kids I'm all for Stockdale getting the top job but if not I'd like him to head the u23s, wasted as 1st team coach,
Didn't donald have to show he had at least 50million to be able to take over the club or did I hear that wrong.
Yes but he's not required to invest it, it's more to do with his worth and the equity he could release if needed. Doubt he'd ruin himself before seeking investment. If it gets to the point he's selling his home and business to keep us going thing will have gone badly for us.
I’m with you brother. We were supposedly losing hundreds of thousands a week, we still must be as little has changed. My fear is these 2, impressive as they have been and happy as I am to have Short gone, do not have the billions he had to sustain the losses. The Adidas and Dafabet deals aren’t long term either. I feel as if they’ve taken it on knowing costs can be lowered in this league, but are gonna be urgently looking for investors BEFORE we make it back to Championship. That’s not to say they can’t or won’t find them of course. Debt free we are an attractive proposition. A proper fee for Khazri and a decent one for Kobe could be the difference between rising like a phoenix or climbing a ladder with a club foot.
Well I'm enjoying having an owner who is on Twitter please log in to view this image **** you mag rag Chronicle.
I'm just hoping that I can begin to support a club that is well run and not an embarrassment. It is looking promising so far, but now we need to see the action. I was worried with the St Mirren complaints about "skullduggery" but that seems to have been resolved peacefully and quickly. Better management is the key ... all failures start at the top in any organisation.
Logically we should be cautious and not get overly enthusiastic until we've seen all of this talk put into action... but **** that. It's the first time in several seasons (a few small blips aside) that we have had a reason to be happy with what's going on at our club, and I'm going to enjoy it as much as possible. Will it be a smooth ride? Of couse not, this is Sunderland, but we now have an owner who seems to genuinely care and give a **** (Short might have, but nobody could see it), wants to do things the right way, and I'm enthusiastic about it! I expect mistakes and issues along the way, it's going to be a roller coaster, but roller coaster rides are fun. The last few seasons under Short were a ****ing train wreck followed by a drop off the edge of a cliff.
I love the transparency at the moment. James Hunter tweeted that it was Chaos and lessons were to be learned and Stewart Donald told him basically to **** off as he knew nothing about it! He's also been asked why his assumption were that Sunderland were the ones being dishonest and not St Mirren but he declined to answer that!! I'm excited going into the new season - as you say - First time in ages that I've felt like this
Stewart Donald will this weekend jet to Monaco to meet wealthy Uruguayan businessman Juan Sartori about potentially investing in Sunderland, claim reports.Donald revealed yesterday on talkSPORT he will be heading to Monaco for talks with a friend who has expressed an interest in investing with the club. And the identity of the potential big-money investor has now been revealed by talkSPORT presenter Jim White. White, at the end of today's programme, said Sartori is prepared to invest 'big money' in Sunderland. Donald has already stated he would remain the majority shareholder regardless of whether further investment could be secured. Donald last year met with Sartori, in his role as a member of Oxford United’s Supporters’ Trust to discuss a possible takeover at the Kassam Stadium. Sartori is a close associate of Russian billionaire, Dmitry Rybolovlev, president of Monaco who lives in the principality. Sartori has previously expressed a desire to still get involved in an English football club. “I would think it very likely at some point I find a club to buy that I like,” he said previously. “This is because I am passionate about football and I like the thought of building a successful club. “Whether that it is in England or a different country, with Oxford United or a different club I do not know – but I will spend money on the right opportunity. “I think you can certainly say it probably won’t be the last time I try to do something in football.” Donald, speaking on talkSPORT on Wednesday morning, revealed his plans to jet to Monaco this weekend. Donald said: “The day the deal got announced I got offered £22million more than I paid for it to sell it – and I didn’t even have it. “I have no interest in that. What I have got when we talk about where we take the football club, there are lots of people in the business world that I know who have expressed an interest. “One person is a very good friend of mine who I would be interested in. He’s very well connected and as soon as I did the deal he said ‘Stew, can I get involved?’. “I’m going to pop over this weekend and see him in Monaco. The Grand Prix is on, it’s been pretty hard work so I’m going to have a couple of days off, we’ll sit down and I’ll see if he wants to dot the is and cross the ts. “I’ve told him about the deal, he’s good in football, he’s good in business and I think I might get him involved. “That would be a minority stake and he’s the sort of guy you’re talking about where if I can’t do it, can he help me do it? Absolutely yes.” Donald bought Sunderland off Ellis Short for £40million, to be paid over a maximum of two years.
