SD's personal finances will not be affected by the club's finances. Obviously if the club went under, he'd have lost the money he paid to purchase the club, plus any subsequent investment into it, but it's essentially a completely separate entity from himself. Unless he funnelled every penny he had into the club, we could go bust and fold tomorrow and he would still walk away a millionaire with nothing but damaged pride. The club's assets would be sold to cover outstanding payments and the rest of any debts would be written off, they wouldn't touch his personal wealth at all (unless he owed the club money)... His only incentive is to sell the club or get investment to try and make profit or at least recoup his outlay. The cost cutting and furlough is to help with the club's financials, avoid extra loans etc. else prospective buyers will do their due diligence and notice several columns in the print-outs sporting a fashionable minus symbol in front. Whilst I believe he does want to sell the club and leave ASAP, I don't think he's in such a hurry as some may think in a financial sense (aside from getting a price he's happy with).
He owns the club. He loses a fortune if it goes bust. To prevent that, if its losing money, he'll need to put his own money in. He won't get all that money back because the value of the club won't increase as a result of him having to spend to keep it going, so of course his personal finances will be affected.
He'll lose the money he spent to buy the club and whatever else he's invested since then, but I was trying to say that his personal wealth and the club's finances are completely separate. If the club went bankrupt, he wouldn't become bankrupt in the process unless he pumped his own money in to avoid the club going down. (I'm using the bankruptcy as a hypothetical)
Some interesting comments in that article. "We want to make sure that the management on the sporting side is strong -- which includes not just the manager, but also scouting -- and that the infrastructure's strong. "We're looking for clubs with good academies to develop local talent." Looking at that above would make us one of the more interesting clubs currently operating outside the premier league - infrastructure and academy is all there. Just needs some investment and the right management team in place.
Also interesting that the analysis is that due to COVID19 now is a good time to buy a football club as opposed to it being a negative factor.
As far as his “customers” are concerned, he certainly is. And that is the context prehab is talking about. There is no way if crowds are around that Donald would be in and around fans, the same as fat boy. He’s even admitted to not being involved with the running of the club and just because he turned up at a ground a stones throw from his home, it doesn’t change that. He would not be welcome back at Sunderland by the vast majority.
Yes he was plus keep a brucie bonus 10% so when Campbell got us to the prem and worth £300m he'd be laughing all the way to Oxford...
Now Madbob is claiming Furhman changed everything last week. Mind he’s been wiping Donald’s and Methven arse since he sat at their table.
When SD finally signs the club over, you would think there will be a que round the block for his services by billionaire club owners to run their clubs for them
Last time I kept insisting the takeover would happen because that's what I believed based on the info I saw. Now everyone, including the people slating me, believes it really was a takeover that fell through at the last minute. This time I've been told a hundredth of what I did then, I don't even know all the people involved tbh. All I do know is that Fuhrman wants a resolution and has been active. It may not be everything but its something ... ... definitely not nothing.
Interesting that Bob's cryptic messages and his deciples have dismissed Fuhrman's involvement yet his latest post claims that Furhman changed the meeting. Go figure.
Surely, if he would have had to give indemnities to whoever he borrowed money or financed the club through? Most finance houses, based on the amounts of borrowing he has had to make (sorry, the three amigos), most would almost certainly require indemnities and personal guarantees to cover their exit strategy from my own my experience.
It's absolute nonsense isn't it. I received a very clear message, last Tuesday, that Fuhrman had, at short notice, pulled out of a meeting at Donald's home. I was also sent this same information, by one of Bob's messenger boys, who insisted it was true. Seriously mate, the idea that Fuhrman would be running around the country, after Donald, during a massive health crisis is ridiculous. I'm sure the very decent lad who sent me the text repeated it in good faith but, obviously, not just to me. Other people have picked up on it, had it mentioned to them by someone else and it slowly mutated into a fact. I only post what I really trust from people in a position where they would actually hear something. (The reason I'm posting very little atm.) If it's second hand, from a good source, I used to post it as 'gossip' but don't do that any more, too many people quoted it back to me as if I'd claimed it as fact ... some are still doing that a year later ffs. As things stand FPP has to be involved no matter what happens, they're currently the biggest investors in the club and Donald can't sneeze unless they pass him a tissue.
It’s a little bit ironic that according to bob, “im full of it’ Then the next message he mentions the same person I’ve been talking about, is holding meetings with the club
There seems to be a wish, from certain people, for a forum/ITK war which is becoming ridiculous. For that reason I'm going to avoid mentioning RTG from now on. I know what I know, post what I can and don't want an endless row for other people's idle amusement. This is usually a decent reasonable forum and I don't want to feel I'm spoiling that. It's my belief that we don't have long to wait for the change we want so I'm happy to bide my time.
