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Serious takeover talk

Discussion in 'Sunderland' started by Smug in Boots, Aug 21, 2019.

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  1. bstwo

    bstwo New Member

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    Watched this all way through, just wanted to thank Smug In Boots for posting what he was told. Its a no win situation and a thankless exercise

    I hope the Americans have learnt some lessons from what Short went through and don't make the same mistakes with people, players and money.

    I doubt a part of the fans have.

    Onwards and upwards, hopefully
     
    #11521
    bstwo, Oct 31, 2019
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  2. Iansun

    Iansun Well-Known Member

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    Does that mean they have purchased shares or am I being thick lol
     
    #11522
    Iansun, Oct 31, 2019
  3. Barker Woofingham

    Barker Woofingham Active Member

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    token.. "any update on the takeover" post.... Welcome news if Im reading into this correctly...
     
    #11523
    Barker Woofingham, Oct 31, 2019
  4. Kittenmittons

    Kittenmittons Well-Known Member

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    Excellent news, if they're investing in the management and have oversight, I am happy. If they've cajoled Donald into putting substantial money in, I love them already.
     
    #11524
    Kittenmittons, Oct 31, 2019
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  5. TeamOfTalents

    TeamOfTalents Well-Known Member

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    Thanks @Smug in Boots for posting on this, and not letting the b******s get you down!
     
    #11525
    TeamOfTalents, Oct 31, 2019
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  6. ROKER PARK

    ROKER PARK Well-Known Member

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    :emoticon-0139-bow:
     
    #11526
    ROKER PARK, Oct 31, 2019
    Nathan Brazil, Nacho, Bank of England 2 and 1 other person like this.
  7. Blyth_bucaneer

    Blyth_bucaneer Well-Known Member

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    Sounds like great news, at last. Delighted for us all. Big thanks to @Smug in Boots for posting all those weeks back and keeping the faith. Party time is here, hopefully.
     
    #11527
    Blyth_bucaneer, Oct 31, 2019
  8. Norman Stanley Fletcher

    Norman Stanley Fletcher Well-Known Member

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    Well done Smugs. You put your neck on the line with the info and updates and as a result have had a stressful few weeks responding to criticisms and the doubters. The vast majority of us appreciated your efforts.
     
    #11528
    Norman Stanley Fletcher, Oct 31, 2019
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  9. Barker Woofingham

    Barker Woofingham Active Member

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    #11529
    Barker Woofingham, Oct 31, 2019
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  10. Biffa bacon

    Biffa bacon Member

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    Are we rich now?
     
    #11530
    Biffa bacon, Oct 31, 2019

  11. One List

    One List Member

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    ****ing loaded mate!
     
    #11531
    One List, Oct 31, 2019
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  12. West Winger

    West Winger Well-Known Member

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    It looks like a share buy back by the club as far as I can tell. I’m not qualified though so beyond that I’m not sure what’s happening. When the documents are made public it’ll probably make more sense.
     
    #11532
    West Winger, Oct 31, 2019
  13. Iansun

    Iansun Well-Known Member

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    Me neither that's why I failed business studies at school :emoticon-0102-bigsm
     
    #11533
    Iansun, Oct 31, 2019
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  14. Jerry lee

    Jerry lee Well-Known Member

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    Apparently someone has jumped the gun & shot their mouth off before an official announcement tomorrow

    Wouldn't like to be in their shoes
     
    #11534
    Jerry lee, Oct 31, 2019
  15. HeatonMackem

    HeatonMackem Well-Known Member

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    SAFC Ltd and Sunderland Ltd have reduced their share capital and share premium accounts from around £252m and to £1m. This is a perfectly legitimate procedure as long as the company is solvent so the directors have to make that statement. It doesn't require any cash or writing off e.g. of £20m loans. The share capital reduction will credit the profit & loss reserves turning them from accumulated losses to accumulated profits. This will allow any future excess profits to be paid out as dividends.

    The press are saying the investment is in Madrox Ltd which owns 100% of Sunderland Ltd which in turn owns 100% of SAFC Ltd. Madrox Ltd is owned by SD 74%, JS 20% and CM 6% via their respective companies. Apparently those ratios will not change. This can only mean it is some sort of loan for now, hopefully like the one I described here: https://www.not606.com/threads/serious-takeover-talk.376788/page-457#post-13246612
     
    #11535
    HeatonMackem, Oct 31, 2019
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  16. RIC

    RIC Well-Known Member

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    Again. The yanks will not be happy.
     
    #11536
    RIC, Oct 31, 2019
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  17. Jerry lee

    Jerry lee Well-Known Member

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    Won't have been the yanks there always late
     
    #11537
    Jerry lee, Oct 31, 2019
  18. one gary owers

    one gary owers Well-Known Member

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    Got a vodka and tonic in mine now And I don't know what is going on yet
     
    #11538
    one gary owers, Oct 31, 2019
  19. BigPete

    BigPete Well-Known Member

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    Can't hack vodka especially on a work night.

    Probs have 8 pints Stella instead haha
     
    #11539
    BigPete, Oct 31, 2019
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  20. dansafcman

    dansafcman Well-Known Member

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    Doesn't have to be a loan. Could be a cash injection based on certain conditions.

    As the agreement is confidential guess we'll not know until FPP are ready to comment.

    So I suggest we enjoy the simple fact that we will now be getting an actual scouting network back in place, investment in our youth teams and infrastructure and a hopefully long and profitable partnership for all parties.
     
    #11540
    dansafcman, Oct 31, 2019
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