1. Log in now to remove adverts - no adverts at all to registered members!

Mr Methven, you like talking ...

Discussion in 'Sunderland' started by Smug in Boots, Dec 5, 2019.

  1. wtdog

    wtdog Well-Known Member

    Joined:
    Jan 2, 2015
    Messages:
    638
    Likes Received:
    961
    Less of the bastard eh, I am a known ****
     
    #201
    marcusblackcat and Saf like this.
  2. O'conner flood

    O'conner flood Well-Known Member

    Joined:
    Nov 26, 2017
    Messages:
    1,842
    Likes Received:
    2,213
    who was that pukka prick ?
    short lived
     
    #202
  3. Confucius

    Confucius Well-Known Member

    Joined:
    Sep 25, 2019
    Messages:
    2,277
    Likes Received:
    6,547
    Oh I thought that was just on RTG, I thought you’d been downgraded on here lad, my apologies.
     
    #203
    marcusblackcat likes this.
  4. West Winger

    West Winger Well-Known Member

    Joined:
    Sep 25, 2019
    Messages:
    300
    Likes Received:
    467
    Correct.
     
    #204
    Smug in Boots likes this.
  5. Saf

    Saf Not606 Godfather+NOT606 Poster of the year 2023

    Joined:
    Jan 17, 2018
    Messages:
    30,940
    Likes Received:
    39,756
    Well that was entertaining for a Sunday morning. Not quite up there with Ruiz v Joshua, though, but lively all the same.
     
    #205
    marcusblackcat likes this.
  6. flandersmackem

    flandersmackem Well-Known Member

    Joined:
    Jan 25, 2011
    Messages:
    5,911
    Likes Received:
    14,750
    Think we just had a glimpse of why RTG is so caustic...no real debate,
     
    #206
    Smug in Boots and clockstander like this.
  7. Smug in Boots

    Smug in Boots Well-Known Member

    Joined:
    Jan 27, 2011
    Messages:
    53,538
    Likes Received:
    112,717
    At least they were both prepared to jump into the ring ....

    ... whereas that idiot is only able to talk out of his <laugh>
     
    #207
  8. Saf

    Saf Not606 Godfather+NOT606 Poster of the year 2023

    Joined:
    Jan 17, 2018
    Messages:
    30,940
    Likes Received:
    39,756
    <laugh>
     
    #208
  9. Kittenmittons

    Kittenmittons Well-Known Member

    Joined:
    Oct 11, 2019
    Messages:
    2,004
    Likes Received:
    1,277
    Blimey. Seemed like a nice chap...
     
    #209
  10. West Winger

    West Winger Well-Known Member

    Joined:
    Sep 25, 2019
    Messages:
    300
    Likes Received:
    467
    This thread took a turn there.
     
    #210
    BigPete likes this.

  11. BigPete

    BigPete Well-Known Member

    Joined:
    Sep 28, 2019
    Messages:
    2,802
    Likes Received:
    3,364
    Take it your Pukka Pad?

    Worra gimp you are..
     
    #211
    Nig likes this.
  12. BigPete

    BigPete Well-Known Member

    Joined:
    Sep 28, 2019
    Messages:
    2,802
    Likes Received:
    3,364
    Because of bell ends like you...
     
    #212
    Smug in Boots likes this.
  13. marcusblackcat

    marcusblackcat SAFC Sheriff
    Forum Moderator

    Joined:
    Jan 25, 2011
    Messages:
    25,363
    Likes Received:
    25,287
    You dint get banned fir lying on here. You do get banned fir targeting individuals and disrupting threads!!!
     
    #213
  14. BigPete

    BigPete Well-Known Member

    Joined:
    Sep 28, 2019
    Messages:
    2,802
    Likes Received:
    3,364
    He's a known ****er mag over on RTG been banned many times.

    Keeps coming back under different users or pretending to be a Sunderland fan to have sly digs... pathetic and sad really.
     
    #214
    marcusblackcat likes this.
  15. Bob Cheval

    Bob Cheval Well-Known Member

    Joined:
    Nov 30, 2019
    Messages:
    237
    Likes Received:
    1,022
    I don’t know the MSD people myself but I have a friend who works for a different private equity firm in Santa Monica. My understanding is that there was a deal. But like any deal, it is subject to due diligence and nothing is complete until it is final. The main issue is that, as I was motivated to say in my original post, SD massively overpaid for SAFC. So the only way a deal could have gotten done would have been for SD to write off £10m or so.

    Maddrox is basically worth zero. It has a lot of debt and one asset which is bleeding cash. The correct price for the club was closer to zero plus the parachute payments not £15m plus the parachute payments.

    That is the main issue. The MSD guys aren’t going to pay the sort of price that would see SD break-even, let alone turn a profit. The only way SD can get his money back is if SAFC can get into the Championship and then someone probably would be prepared to pay enough to cover the money SD has put in and pay off the debt.

    So people should get off SD’s back. His interests are the same as the fans. What I think he has realised is that he doesn’t have enough cash to guarantee promotion and he is already looking at a £10m hit. He can’t afford to lose £20m. So the £10m from MSD is a halfway-house. If that money is enough to get SAFC into the championship, then maybe the club is worth £40m+. That is enough to pay off the debts for Madrox and have a tiny bit left over. If he can’t get the club promoted, then Madrox will be bankrupted and be taken over by the MSD guys.

    So MSD will end up taking over regardless in two years. The only question is whether SD loses his shirt or breaks even. The fans should be hoping he breaks even as that would mean promotion.

    For MSD, the price is either £10m or £40m, depending on which league they are buying it in. It probably suits both sides. Easier to justify investing fresh capital into a championship side.

    So you can all lay off SD and lay off SmuginBoots as well. MSD have given SD a chance to break even which is fair enough, he didn’t pick the club up for nothing - which is the whole issue, he overpaid. And Smug was correct but the sands shifted. The takeover will still happen - just will be a couple of years away.

    I have probably said too much. I only created an account as the misinformation about SD was annoying me too much. Will probably delete it now. Feel free to ignore this if you like, not a problem. I am just looking forward to the next series on Netflix, it will be entertaining.

    good luck you mad Mackems. It’s been emotional.
     
    #215
  16. Nig

    Nig Well-Known Member

    Joined:
    Sep 24, 2019
    Messages:
    6,282
    Likes Received:
    15,030
    Going back to the methven tape,
    What has been interpreted as "Uneducated Sunderland fans"
    Actually was "MOST Sunderland fans are uneducated in BUSINESS TERMS".
    Although a slightly crass supercilious statement, lets face it, how many supporters operate in high rank big business areas ?

    As a PR man he maybe good in his circles but us working man are on a different playing field.

    Whether or not he feels contempt for us i dont know but he got involved and I would like to think he realises most supporters have at least a modicum of intellect and can debate a subject in a sensible manner without resorting to childish name calling etc.


    Oh and all the best to him and his mrs and expectant baby.


    The salmon trousered Tory ponce :D




     
    #216
  17. Smug in Boots

    Smug in Boots Well-Known Member

    Joined:
    Jan 27, 2011
    Messages:
    53,538
    Likes Received:
    112,717
    Anyone unable to see the veracity of what you're saying needs to open their eyes.

    You've been one of the most honest people I've ever seen on a forum and it's obvious you have much more to say but can't.

    I'm in a similar position although my information came to me by accident whereas I know you're connected.

    I'd advise everyone, on this board and any other, to reread everything you've posted.

    Thanks for everything, you have my gratitude.
     
    #217
  18. Billy Batts

    Billy Batts Well-Known Member

    Joined:
    Oct 2, 2019
    Messages:
    2,681
    Likes Received:
    4,988
    That's fair dos. But if SD is so desperate to get into the championship then why employ a crap recruitment team, have basically no scouting set up, then to top it all off bring in a Moyesesque appointment like Parkinson that the majority of people thought would be an unimaginative, cheap, uninspiring appointment from day one. I actually like Donald and think his intentions are honourable, particularly the off the field stuff. When it comes to the actual football side of it, it's been quite frankly awful. All my opinion of course.
     
    #218
  19. Bob Cheval

    Bob Cheval Well-Known Member

    Joined:
    Nov 30, 2019
    Messages:
    237
    Likes Received:
    1,022
    I don't know SD, I don't know MSD, I don't know any of them. Whether SD is capable of getting SAFC into the Championship or not is an open question. All I know is that he isn't a 'chancer', he's put £10m of his own money into the club which is currently down about £9.75m at best and he has basically agreed to hand the club over to MSD and write the whole lot off if he can't get the club promoted.

    So all I would say is that he clearly is doing his best and people should have his back, not be on his back. Maybe he isn't as rich as some people would like but from my vantage point, he has sunk a pretty large % of his net wealth into SAFC and all he is currently trying to do is break even before handing it over to MSD. I don't have £10m but I would probably also like to get it back if I had bought SAFC.

    But SAFC will be okay. It won't go bust and be liquidated as SD has moved all the debt to Madrox. So if the owner of SAFC goes bust, it gets handed over to MSD. So he has actually done the honourable thing. All he seems to have asked for is a chance to get his money back by earning promotion. Which no one would think is unreasonable.

    I suspect the fact that they over-paid in the first place has led to some tension between SD and CM. SD is the one who has money at risk, CM simply had a free option. But CM shares are in Madrox not the club. And Madrox is worth nothing at the moment.

    Everyone should chill out. Long-term, SAFC will be fine, they are in a good spot, hard though it might be to see at the moment. SD said he wanted to turn the club around, find new owners who can take it forward and he has basically done that. What I don't think he expected was to take this big a hit financially. But people should look at the MSD loan for what it is - it is effectively SD saying 'I can't risk losing another £10m but if that money is enough to get us up, then I can probably break-even and hand the club over to MSD/FPP. If it isn't enough (or I'm not capable of making it work), then I will take the hit and hand it over to MSD/FPP anyway.'

    So my advice if get behind him and the club. His success is your success. The takeover is going to happen, the only question is at what price and in which division. He didn't steal the club, he overpaid. He isn't blocking a deal, he has locked in a deal and given himself a time limit to get it to a better place, I have no idea whether the new manager is a good choice or not. Personally, I thought Ross looked quite promising last season so I would have been inclined to keep him on. No one is the best they will ever be at their job in the firstcouple of years. But it is unlikely SD is making deliberately bad decisions.

    I don't really know how much SD is worth but wealth is not the same as having cash on hand. He owns an insurance business but unless he sells it, it is not a liquid asset. It's like owning a house without having a mortgage. You have wealth but that is not the same as having cash on hand. I suspect that is the spot SD is in - he has already emptied the cash coffers. He might still be 'worth' £20m or £40m - who knows. But he doesn't have it in cash. So he has to borrow it.
     
    #219
    Owld Feller, Nig, BigPete and 10 others like this.
  20. Iansun

    Iansun Well-Known Member

    Joined:
    Oct 13, 2019
    Messages:
    783
    Likes Received:
    860
    Didn't he sell his insurance business a few month back and moved his leasing business up here.
     
    #220

Share This Page