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FPP to take full control

Discussion in 'Sunderland' started by Whiteleas Wanderer, Jan 19, 2020.

  1. Kittenmittons

    Kittenmittons Well-Known Member

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    Yup. Could be amazing, their money obviously is an advantage. No doubt they are/were a good option as potential owners go.
     
    #1001
  2. HeatonMackem

    HeatonMackem Well-Known Member

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    You'd be pleased if FPP take over but not displeased if they don't?

    FPP had bags of money, seemed like decent people (good reputations and involved with charities), have already successfully invested in an american sports club (there are similarities), and were rumoured to have big ambitions for the club and the area and the kids (to leave a legacy, if you like).

    Assuming FPP have walked away, we now have no idea who we might get especially as SD seems set to sell to anyone that gives him the most profit. So yes, I'm disappointed. Sorry.
     
    #1002
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  3. Nig

    Nig Well-Known Member

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    Invested in an American club, not bought it though.

    Looks like they only wanted to invest in us under Donald and now he's selling, they are pulling out.
     
    #1003
  4. The Norton Cat

    The Norton Cat Well-Known Member

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    Yeah.
    They are only bit-part investors in the Marlins. There are huge cultural differences between US sports and English football. Money is helpful but if it's not spent right, it doesn't matter. The rest of it is just that, rumours. We might get someone better, we might get someone worse. I don't see what's wrong with that opinion. You don't have to be sorry if you're disappointed, that's your prerogative.
     
    #1004
  5. Wibble

    Wibble Well-Known Member

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    Berb knars nowt
     
    #1005
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  6. Sunderpitt

    Sunderpitt Well-Known Member

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    The Echo is basically the Dell boys have packed their bags and returned to Trump Land.

    Is anybody else interested, seriously..
     
    #1006
  7. Confucius

    Confucius Well-Known Member

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    It certainly looks like SD has managed to **** up the biggest chance for this club to progress.
     
    #1007
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  8. The Norton Cat

    The Norton Cat Well-Known Member

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    With the news that the club is expected to be sold by the end of February and then today's news, I'm taking it to mean something must be happening. God knows what though.
     
    #1008
  9. Dave_39

    Dave_39 Well-Known Member

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    it certainly looking that way sadly
     
    #1009
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  10. HeatonMackem

    HeatonMackem Well-Known Member

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    He (and others) will blame the fans though, despite the takeover (after which he "hoped to stay on") becoming an investment then became a loan, several weeks before the protest.
     
    #1010
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  11. MES

    MES Member

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    So it's Far Mike's fault Joelinton turned out ****e?
     
    #1011
  12. Iansun

    Iansun Well-Known Member

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    I'm still convinced Donald will still be here in the summer
     
    #1012
  13. Iansun

    Iansun Well-Known Member

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    They blamed Ashely for the morons smashing their own city centre up
     
    #1013
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  14. O'conner flood

    O'conner flood Well-Known Member

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    excuses all day with the clowns he's give managers fortunes to spend not his fault they bought ****e with it is it?
     
    #1014
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  15. Smug in Boots

    Smug in Boots Well-Known Member

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    Hi mate, sorry I've been out all day and just catching up with my messages.

    The only one, from anyone capable of commenting, is quite ambivalent.

    It's a bit of a ramble but the gist is that it could simply be a mechanical measure to enable a simpler transaction, a tax situation or even a way to force Donald into 'put up or shut up' situation.


    Or it could simply be them pulling out ...

    ... however, he reckons they'd have made a brief statement if that were the case.

    So it could mean 'everything or nothing' as he put it.

    Sorry but that's all I have mate.
     
    #1015
  16. Somebodys pinched my sombrero

    Somebodys pinched my sombrero Well-Known Member

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    No. I’m saying Benitez didn’t want him, and he was signed the same day as Bruce who knew nothing about the deal. No way he paid £40m for him, he’s not worth a quarter of that. The whole transfer stinks to high heaven of a fiddle somewhere along the line. (Agents, tax, favour for someone?)
    Ashley is devious, underhand and a vile person. I wouldn’t even wish him on yourselves.
     
    #1016
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  17. Kittenmittons

    Kittenmittons Well-Known Member

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    I don't blame the fans, but I still don't think FPP were driving the 'takeover' element and this isn't anyone's fault.

    * Below is just my interpretation, don't be an arse if you disagree, I'm happy to discuss it *

    From everything that's been said - and I accept that people don't want to believe Donald, but some of it is borne out in how it's played out since - FPP came on wanting to do the loan-then-equity type of deal that would give them maximum flexibility to either jump in with two feet later, or cut their losses if Donald's plan didn't look like coming to fruition.

    I think from what he said at Christmas, it sounds a lot like he tried to convince them to buy in outright, possibly even take a majority shareholding. At that point, he somehow ended up doing a talk-in and because it was during that weird 'we should have something for you in a few weeks' period, he ended up saying stuff that was hypothetical, like for example when he talked about whether they would keep him on.

    Ultimately they decided for their own reasons to stick with what he says was their original plan of the loan.

    Donald's major flaw in this appears to have been getting carried away and trying to build momentum for a takeover bid without actually knowing if they were going to do it. I think he loved the excitement around Dell and the way it reflected on him bringing these A+++ rated buyers to the table, so he was happy to keep the fan expectations up. When they said no, he was left with a situation where what should have still looked like a good deal for us looked underwhelming because it wasn't FULL TAKEOVER.

    Can only speak for myself but I don't blame anyone, even Donald. In the end he did a good deal that was probably the most likely path to us getting FPP as owners in the long run. It looks like that may not pan out, but I don't think he's a terrible evaluator of whether someone has our best interests at heart. I have a feeling he will have tried very hard to get FPP to change their minds since Christmas, but if they don't and he sells to someone else, I think it's only if he thinks they'll make a success of it and he'll get to bask in their reflected glory

    please log in to view this image
     
    #1017
  18. Kittenmittons

    Kittenmittons Well-Known Member

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    re: FPP making a statement - the fact they didn't even make one when they put money in, even a press release saying they were happy to be doing so, probably means it's not a given that we'd be seeing one if they ever pull out for good.
     
    #1018
  19. O'conner flood

    O'conner flood Well-Known Member

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    they will have said 40 million so it makes the clown army seem relevant
     
    #1019
  20. Flatheed

    Flatheed Well-Known Member

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    Yes mate it’s absolutely impossible to read anything into this. As I understand it, although I may need to stand corrected only a director can strike off a company? In theory they could’ve just left that registered company there dormant there was no need to strike it off unless they need to register at different company at that address.

    The echo’s track record also isn’t great in respect of these things so we shall see.
     
    #1020
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