He made it public knowledge he only owns 41%. Davidson said publicly recently KLD wants to own more shares. They seem to want something playing out in the public domain.
I get behind the team every match its got jack **** to do with that though. I think the days where fans take everything at face value are over though , we've had our fingers burnt time after time until madrox are gone completely there Is always going to be trust issues with the owners
They will sell, plus they have no involvement in running the club anyway, other than having to put money in
Peoples obsession with madrox is weird, just get in with backing the team. It's obvious KLD is running things
Weird ?? They own 59% of the club !! Hardly weird when that is the reality. Every fan still backs the team on the pitch why do you keep saying that it doesn't mean the other issues go away .
Agreed mate. I don't post stuff in a huff or off the cuff, I think about it. We've always done it, go down, mass bail out there have to rebuild. I can see it happening again. Only problem is, after 5 years in leauge one the decent frees will dry up.
The only good thing reading that is seems like the KLD got told how unpopular Madrox is, and what is about to happen to season ticket sales. I've been very concerned that he didn't understand that properly.
He was told it before he bought the club as well. I think he understands it well enough, but they seem to be at something of an impasse in terms of getting rid of them
Good, but I hope he is still not underestimating the level of hatred and the utter mistrust of the people that he has chosen to partner with. I hope he understands that his continuing relationship with them is damaging himself and the club.
Tbh after over a year at the club After a year at the club I find it really hard to believe that he wasn't aware of that , but that's what he seemed to make out . Tbh he didn't fill me full of confidence at all for the future
Whilst I appreciate KLD is the soul decision maker of the club, what I do not appreciate is that the financial decisions HAVE to be agreed upon by the other knob heads because they're required to fund their part of the financial side respectively. If they can't 'afford' to put in what KLD wants to put in then it doesn't happen because rightly, KLD isn't gonna put 5m in to the playing side for example when that lot put 1m in. That only serves to screw KLD over because it'll likely improve the value of the club for the chancers who we all know will want to sell it for 'what it's worth' despite KLD doing all the hard work getting it to that point. So, Madrox are, have and always will hold us back. I think that is everyone's issue with them as well!
I'm a bit deflated after reading that. I think it's because I have expected KLD to get hold of the club,lock,stock and barrel,and make rapid progress to improve things in every area. Sometimes,in order to move forward,you have to have a clean sweep of the past,which is something he seems to have failed to grasp,and has certainly failed to implement. The feel-good factor of his arrival has dissipated for most fans with the continued involvement of Donald and Methven,with apparently no agreement in place for them to be finally made a regrettable episode in our past,and furthermore,I fear the Board are about to make a monumental mistake with the season card renewals. I'll continue to get behind the lads as I always do...I'm into my 60th year of support now...it's in my dna,I've long accepted I can't stop it, but being a Sunderland fan can often be a huge challenge. A good performance tonight and on Saturday,and 6 points to the good, is a must if my mood is to be lifted.
He did mate. The bugbear with most people was/is that he had to be dragged kicking and screaming to impart with this information. It has taken the best part of a year for the share ownership to be revealed. As much as i hate to assume, i'm assuming he was the main protagonist behind it. He's kept as much out of the public domain as he possibly could. I also acknowledge that he has every right to do so.
Personally I am not too bothered about share allocations and share ownership, matters which will sort themselves out IMO, although it could clearly do with hurrying up. Obviously the oily chancers want to make money from nothing and KLD doesn't want to give them it. We'll see . But what does still bother me is the bilge uttered by Speakman. This man is just a compendium of pretentious phrases, learned by rote at some useless course taught by a similarly limited individual who has learned to hide behind such rubbish. I bet Rotherham or Wigan, or closer to home Boro, wish they had the benefit of an over arching vision, complementing an ongoing forward philosophy. Can you imagine this bloke even considering Chris Wilder for a manager's job?
Madrox doesn't exist any more. KLD is the single largest shareholder and has a binding agreement that he will run the club without interference
Not quite. They are obliged to match KLD's funding on a pro-rata basis (or at least for OpEx, not sure about CapEx). If they decide they can't afford it, then KLD can dilute their shares and increase his own stake. From everything we've heard, the other 3 shareholders have provided the funding they are obliged to (of course they have, because they don't want their shareholding reduced).
Between them the still own 59% of the shares , there is no getting away from that fact . Until they have gone there will always be that negativity around the ownership . we have been lied to or mislead that many times now the trust from the fans has gone. And if prices for season tickets are raised then i think that will be it for many of the die hards
It’s painful that Donald and Methven are still hanging on. They just want too much for a League 1, loss-making club, no matter how much cash KLD has. Let them stick their hands in their pockets and keep us going. Once we are in the Championship they’ll be off like a shot. No way they have enough funds to chip in there.
