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

S.A.F.C. - the future

Discussion in 'Sunderland' started by alan reed, Jul 24, 2020.

  1. Southern A

    Southern A Well-Known Member

    Joined:
    Aug 18, 2020
    Messages:
    10,638
    Likes Received:
    27,602
    I don't think we'll ever see another takeover of a major football club that is done with the interests of the club and fans at heart - that's just not football any more.

    The best you can hope is for either a responsible owner, a mega rich one willing to make huge short term personal losses for long term gains, or a fan (like a fan trust).

    We've got to hope these guys are a combo of the first 2 and willing to become the third ;)
     
    #9821
  2. Southern A

    Southern A Well-Known Member

    Joined:
    Aug 18, 2020
    Messages:
    10,638
    Likes Received:
    27,602
    yes absolutely - they could be thinking like this and weigh it up and decide the time is now. Hopefully that's the case.
     
    #9822
  3. Magnus

    Magnus Well-Known Member

    Joined:
    Sep 29, 2019
    Messages:
    2,128
    Likes Received:
    13,109
    The price for all this would of been discussed, and things put in place, best way to describe it is like add ons for a player

    you could say way wait 6 months, but the will already have the price in place for that

    for instance one of FPP has literally just bought a club and hasn’t waited for the price to drop, he’ll already have that in the deal
     
    #9823
  4. Southern A

    Southern A Well-Known Member

    Joined:
    Aug 18, 2020
    Messages:
    10,638
    Likes Received:
    27,602
    Of course. But that doesn't include the psychological effect on Donald of it dragging on for 3-6 months. They can't forecast him slowly losing his mind and caving.

    Look at the Grigg situation as an example (it's a coincidence its also Donald).

    He could have sat down at the start of the window and worked out what he'd be rationally willing to pay at each stage of the window. There's no way he'd have rationally planned to be bidding £4m on the last day. It's the same here. Whilst they will have (and you have confirmed) agreed variances to the price based on scenarios, that's based on rational hypothesizing. The buyers can still play the emotional and psycological game of torture if they want to and watch him slowly crumble and reduce those agreed prices further. Hopefully they don't want to do that and just go for it now, as the posts above have said.
     
    #9824
    Last edited: Sep 23, 2020
    The Redbaron and C19RK73 like this.
  5. King Mason2285

    King Mason2285 New Member

    Joined:
    Sep 10, 2020
    Messages:
    10
    Likes Received:
    12
    Surely the terms of the loan weren't that simple though. I know what was reported but who knows what they are.

    I would say its more realistic that if he defaults on the loan there will be a set purchase price that they have agreed upon. That's the only reason I can see as to why they wont just wait until he defaults.
     
    #9825
    Smug in Boots likes this.
  6. Smug in Boots

    Smug in Boots Well-Known Member

    Joined:
    Jan 27, 2011
    Messages:
    53,563
    Likes Received:
    112,749
    Absolutely, and judging by Donald's arrogance it will be something low because he won't believe it'll ever come to that. FPP are holding all the cards at this point.
     
    #9826
  7. Southern A

    Southern A Well-Known Member

    Joined:
    Aug 18, 2020
    Messages:
    10,638
    Likes Received:
    27,602
    as far as I know if he defaults on the loan he loses the assets the loan is held against. If I default on my mortgage I lose my house, I don't get to sell my house to the bank for an amount that seems fair to me.

    Perhaps he did negotiate something like that in but I've not seen or read it anywhere?
     
    #9827
  8. King Mason2285

    King Mason2285 New Member

    Joined:
    Sep 10, 2020
    Messages:
    10
    Likes Received:
    12
    Neither have I but it seems strange to put all your cards in for a value a lot less than that? I don't know it just seems strange to me and makes sense as to why FFP would want to get the deal done now rather than wait.

    Suppose you could also look at it from a business point that the clubs reputation would also be damaged if they let donald go down the ****ted, hurting any future sponsorship etc.

    But again.... who knows :D
     
    #9828
    C19RK73 likes this.
  9. The Redbaron

    The Redbaron Well-Known Member

    Joined:
    Oct 2, 2019
    Messages:
    1,327
    Likes Received:
    2,320
    Any sensible accountant will tell you not to take out a business loan if , A. Have capital of your own, use that first B. You do not need it . No one takes out a loan they have no intention of using. At the time FPP came in, being safe last August/September time, interest of between 3%-5% above bank base rate was the average. They would certainly not advise you accept at around 11% being mentioned here.
     
    #9829
  10. Magnus

    Magnus Well-Known Member

    Joined:
    Sep 29, 2019
    Messages:
    2,128
    Likes Received:
    13,109
    You could say that for any takeover, even before covid,
    fuhrman Wants in now, and he’ll have all the prices in place for all the out comes for covid
    Probably not just for this season even next with out fans,

    msd all together could be about to bail out the whole EFL who are current in crisis talks with them and 7 other parties


    his mates will know the short falls, the predicted losses for each league
    These people have come to English football and could potential keep the whole EFL standing if the prem doesn’t come to the rescue
    These are big, big players,

    I’m very confident this will happen if it doesn’t , Donald has ruined what potential could be the start of one of the greatest periods in are history

    The not here to take part of English football the here to takeover
     
    #9830

  11. flandersmackem

    flandersmackem Well-Known Member

    Joined:
    Jan 25, 2011
    Messages:
    5,911
    Likes Received:
    14,753
    I'm not in the know, but my common sense would tell me that Donald MUST be talking to people about taking over this club, to suggest no talks have taken place is a little far fetched IMO.... He admitted on STID 2 he needed to attract more investment soon after taking over and as that show went on, the realisation that is was financially out of his depth was becoming very apparent. So I have to believe he is or has been actively talking to parties about selling up...the only question I have is to who and when will it happen
     
    #9831
    Montysoptician likes this.
  12. The Redbaron

    The Redbaron Well-Known Member

    Joined:
    Oct 2, 2019
    Messages:
    1,327
    Likes Received:
    2,320
    Its Kildare marra. he's just change boards
     
    #9832
    Blond Bombshell and Sandy Camel like this.
  13. Guinness Guzzler

    Guinness Guzzler Well-Known Member

    Joined:
    Sep 27, 2019
    Messages:
    1,436
    Likes Received:
    5,680
    The 11% is just taken from The Athletic today mind, its the first time I've heard anyone mention an actual percentage. An accountant would definitely advise against accepting the loan. But if Donald was worried about them going, the fans turning completely, and losing them as a potential future purchaser/ funder he might well ignore the accountants who would be looking purely at the figures. If it could be paid back at any time (not sure if it can, never heard anything about how it's structured) then he might have intended having it less than a year (so about £500,000 cost). If that gave him the breathing room to get us up and kept them interested as an easy group to sell to for his price in the championship, well he might well have thought it worth the cost.
     
    #9833
  14. GStorm

    GStorm Member

    Joined:
    Aug 19, 2020
    Messages:
    18
    Likes Received:
    43
    Zip down...
     
    #9834
    Milton Nunez's Thong and Huds0n like this.
  15. Nads

    Nads Well-Known Member

    Joined:
    Jan 25, 2011
    Messages:
    33,999
    Likes Received:
    28,041
    Exactly. Why the **** would you do it and put any assets at risk.

    He needed it.
     
    #9835
    C19RK73 and The Redbaron like this.
  16. The Redbaron

    The Redbaron Well-Known Member

    Joined:
    Oct 2, 2019
    Messages:
    1,327
    Likes Received:
    2,320
    If you watched STiD on Netflix you could see when he was negotiating for the Will Grigg transfer, his approach to doing deals or lack of nous in doing deals more like it....I would dare bet he is at that tipping point panicing & crapping himself by now. He is cattle trucked imo
     
    #9836
    Granger, SAFC2403, Random lad and 2 others like this.
  17. alan reed

    alan reed Well-Known Member

    Joined:
    Oct 12, 2019
    Messages:
    634
    Likes Received:
    1,225
    You mean like the polio vaccine which was around for two hundred years until it was eradicated
     
    #9837
  18. Nads

    Nads Well-Known Member

    Joined:
    Jan 25, 2011
    Messages:
    33,999
    Likes Received:
    28,041
    The Grigg deal stunk of a desperate gamble to get out the league and out of the ****.

    I’ve never, ever in real life seen a deal so badly handled. You’d get fired as an employee for being so hapless under pressure.
     
    #9838
  19. C19RK73

    C19RK73 Red & White army!

    Joined:
    Jul 26, 2012
    Messages:
    37,544
    Likes Received:
    12,202
    Of course he did, that’s why he lied and said it was an investment in him, no it’s not Donald it’s secured against the club you flipping wet wipe!
     
    #9839
  20. flandersmackem

    flandersmackem Well-Known Member

    Joined:
    Jan 25, 2011
    Messages:
    5,911
    Likes Received:
    14,753
    Couldn't agree more, that whole saga was an embarrassment to the club
     
    #9840

Share This Page