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. Smug in Boots

    Smug in Boots Well-Known Member

    Joined:
    Jan 27, 2011
    Messages:
    53,563
    Likes Received:
    112,753
    You may be right, it's a possibility.

    However.

    Methven isn't a seriously wealthy man and he wants to sell his shares. He's already seen Donald sell a big chunk of his and maintains it was to the family, not simply KLD.

    He'll know that Donald is quite capable of selling his remaining shares without involving him which would leave him with a few virtually worthless bits of paper. He'd also become the entire focus of supporters who booed him at Wembley.

    If I was a buyer I'd do an exclusive deal with Donald knowing I could pick up Methven's for peanuts.

    If I was Methven I'd be a very worried man.
     
    #47081
  2. Southern A

    Southern A Well-Known Member

    Joined:
    Aug 18, 2020
    Messages:
    10,638
    Likes Received:
    27,602
    White mentions a few times he has other sources that have confirmed / corroborated what is happening, not just TFT. BUT... other than that I completely agree
     
    #47082
    sheepman likes this.
  3. Chunksafc

    Chunksafc Guest

    Thanks for the reply, probably not worded well on my part, I wasn't fishing for info, just a feel of what it's like in boardrooms pre match etc.

    In your opinion, having spoken to them at Wembley, what would the chances of having a meaningful discussion about shares etc be in a situation like that?

    I would imagine impossible?
     
    #47083
    Bob the Mackem and Young Ted like this.
  4. sheepman

    sheepman Well-Known Member

    Joined:
    Sep 27, 2019
    Messages:
    2,470
    Likes Received:
    8,869
    Its one of those situations where rationally you think this will never happen.
    But there's that part of your Sunderland supporting mind that think oh god here we go again.
     
    #47084
  5. Southern A

    Southern A Well-Known Member

    Joined:
    Aug 18, 2020
    Messages:
    10,638
    Likes Received:
    27,602
    Yeh. And its never happened before doesn't mean it won't ever happen. And we are kinda prime candidates for it, as we have a huge supporter base that they could tap into easily and cheaply.

    I just think they were hoping it wouldn't be such a bad reaction.

    I still don't think it will need the EFL to stop it. surely they pull out once they realise nobody is going to buy their tokens, as we hate them
     
    #47085
  6. TeamOfTalents

    TeamOfTalents Well-Known Member

    Joined:
    Sep 24, 2019
    Messages:
    2,093
    Likes Received:
    3,326
  7. C Montgomery Burns

    C Montgomery Burns Well-Known Member

    Joined:
    Dec 29, 2021
    Messages:
    736
    Likes Received:
    2,507
    The bit I've highlighted shows how it won't work. This is from the EFL owners and directors test:-

    "3.1.2 the League shall have the power to require the Club and/or the Person who proposes to acquire Control to appear before it and to provide evidence of the ultimate source and sufficiency of any funds which that Person proposes to utilise to acquire Control and/or invest in or otherwise make available to the Club."

    I know its about taking control of a club, not buying a stake in one, but taking such a large stake would mean finances would have to be looked at. If they're saying that there's nothing to fund the club other than selling dodgy crypto tokens, there's no way they can pass the test.

    If you also consider that they'd have to contribute to any shareholder financing, they'd be in the same boat as Donald and Methven, in that they'd risk seeing their shareholdering diluted by not being able to match anything KLD or Sartori puts in, devaluing their shareholding. This means that the "outside investor", who ever they are, may not see any return on their money, unless they want a quick return from their layout straight away.

    And that's before you even consider that the EFL will want to know who the "outside investor" is and where and how they have the funds.

    If anyone is interested, here's the link to the full EFL OaD test. Boring as hell, but at least you know what's what.

    https://www.efl.com/-more/governanc...lations/appendix-3-owners-and-directors-test/

    All I'll say about this lot is I'm concerned about them. I've never heard of them before and trying to tout Bradford Park Avenue in the English 6th tier and FC Episkopi in the Greek 3rd tier as being examples of their competence seems laughable, but almost smacks me as being the front for an organised crime or money laundering group.
     
    #47087
  8. Southern A

    Southern A Well-Known Member

    Joined:
    Aug 18, 2020
    Messages:
    10,638
    Likes Received:
    27,602
    It's very well written. I'm going to get pelters on this (I think most of them have blocked me on twitter anyway), but my issue with this article and the editorial process they've taken is that it leans massively on the side of scepticism rather than balance.

    I mean just one thing in here - the author says its categoric that Sartori said he'd bring Uruguayan youngsters then didnt, and to "prove" it he quoted Stewart Donald saying Sartori would. Now clearly Sartori could have come out and denied it. But Sartori has never promised us anything. Yet this article would tell you he has, and he's not followed through.

    I agree with the majority of it though. Just wish that every time I read about ownership stuff on a WMS platform it didn't feel like they already had a hypothesis that was being told to me rather than letting me make my own mind up.

    Just opinions of course. And I think there is a tonne of room for scepticism and as a result they're a healthy part of the fan base, especially from a fan media perspective.
     
    #47088
  9. Carl and the Passions

    Carl and the Passions Active Member

    Joined:
    Dec 1, 2020
    Messages:
    140
    Likes Received:
    234
    That’s the block behind which was on sale to the general public :emoticon-0102-bigsm
     
    #47089
  10. TonyG

    TonyG Well-Known Member

    Joined:
    Sep 30, 2019
    Messages:
    1,304
    Likes Received:
    4,166
    Ya know when you said that I thought of an interaction I had with Chris Wetherspoon. I’ve just worked out he’s wisemen say as well. He’s vehemently against satori, I’ve been questioning him on this as well !

     
    #47090
    C Montgomery Burns likes this.

  11. HoratioCarter

    HoratioCarter Well-Known Member

    Joined:
    Jan 25, 2011
    Messages:
    337
    Likes Received:
    640
    Sunderland echo 14 Aug 2018 Sartori is quoted
    https://www.pressreader.com/uk/sunderland-echo/20180814/282312500906406
     
    #47091
  12. Southern A

    Southern A Well-Known Member

    Joined:
    Aug 18, 2020
    Messages:
    10,638
    Likes Received:
    27,602
    #47092
  13. samwise_new

    samwise_new Well-Known Member

    Joined:
    Sep 27, 2019
    Messages:
    3,822
    Likes Received:
    11,014
    upload_2022-6-9_20-44-18.png

    hope this helps...
     

    Attached Files:

    #47093
    TonyG likes this.
  14. TonyG

    TonyG Well-Known Member

    Joined:
    Sep 30, 2019
    Messages:
    1,304
    Likes Received:
    4,166
    I hate to be pedantic about that article but it does say he “hopes” and “Imagine” and “plans”

    it’s not the same as “I’m going to” for me
     
    #47094
  15. samwise_new

    samwise_new Well-Known Member

    Joined:
    Sep 27, 2019
    Messages:
    3,822
    Likes Received:
    11,014
    remember his 'other career' as a politician, them feckers never openly promise anything, just lots of good sound bites for the public to hang onto. ;)
     
    #47095
    Royaldragon and TonyG like this.
  16. Smug in Boots

    Smug in Boots Well-Known Member

    Joined:
    Jan 27, 2011
    Messages:
    53,563
    Likes Received:
    112,753
    The cause may be D&M.
     
    #47096
  17. Prehab26

    Prehab26 Well-Known Member

    Joined:
    Sep 5, 2020
    Messages:
    8,230
    Likes Received:
    32,510
    KLD and JS are not the issues at safc. FFS KLD has literally got us out of this hell hole that we called league one for 5 year. They are aligned.

    We need to be careful. It could be loads worse. KLD has proper people around him and frankly, this random and quick turn on him due this this crypto ****e that Tom has peddled is ridiculous. JS is a carry over from the madrox era I agree but he has actually made a couple of key interventions too. Sure Bob or someone else can elaborate of needed.
     
    #47097
  18. Hudson92

    Hudson92 Well-Known Member

    Joined:
    Aug 2, 2021
    Messages:
    4,566
    Likes Received:
    11,532
    Probably a stupid question but any idea when we will have abit more clarity on who’s coming in? Gut feeling is crypto is a smokescreen but nothings ever straight forward with us
     
    #47098
  19. Prehab26

    Prehab26 Well-Known Member

    Joined:
    Sep 5, 2020
    Messages:
    8,230
    Likes Received:
    32,510
    How quickly do solicitors close deals ?
     
    #47099
    C Montgomery Burns likes this.
  20. Hudson92

    Hudson92 Well-Known Member

    Joined:
    Aug 2, 2021
    Messages:
    4,566
    Likes Received:
    11,532
    Hopefully very :emoticon-0102-bigsm appreciate your updates and keeping this place calm
     
    #47100

Share This Page