You were inviting questions but seem to have ignored mine ..... "we just read the facts as a timeline and when the accounts come out in April" See, that's my problem with all this tbh .... 8k ... between now and then there may/will be a takeover, investment, transfer window, Christmas, New Year, etc etc etc. And if the owners, whoever they may be, produce a wonderful set of accounts, everything you've spent months researching will have been a total waste of your time. Isn't that so?
ffs pay for iptv and it's not even working i'll be changing soon like @Jerry le is yours working? Anybody got any links?
Rightly or wrongly this is my take, Donald acquired Sunderland AFC, a business running at an annual loss of c £35m with a total debt of c £180m, he was offered the debt but refused it and negotiated a deal where that debt was cleared by Short (who is reported to have been advised to place the club into administration but refused). The new owners then trimmed the cloth to suit the circumstances that Sunderland AFC found itself in. A Strategic Plan was presented to the Football League, scrutinised and then accepted, (failure to do so would have resulted in a transfer embargo and/or points deduction). The plan ensured that we comply with League 1 SCMP, got rid of the high earners on the books and steady the ship. As a consequence of this plan the owners look like they will meet their short term target to break even. Irrespective of how they managed this, unless they have broken the law I am thankful to them for their work, (I honestly thought we would have entered administration last season) and by their financial expedience they have protected the interests of Sunderland AFC employees and ensured we have a viable business. I do believe that Donald was disingenuous with his explanation of how he funded the deal, stating that he had paid £40m, but in reality paid nowhere near that figure, using some of the parachute payment to pay off Short, but providing it is legal, the end justifies the means to me. We have a club that appears to have solid foundations with an opportunity to rebuild and attract investment, I accept that because the alternative doesn’t bear thinking about. I am sure my thoughts will be shot to bits but for the majority of my working life I have managed facts, intelligence and evidence. It appears to me that whilst the financial “experts” on here may think they have a handle on the clubs books, it can only be conjecture because to the best of my knowledge none of them were party to purchase negotiations nor attended subsequent board meetings.
Not sure what you mean, we have three investors Donald, Methven and Sartori. All of whom will have been fully aware of how the purchase was structured.
While this fella is down - I didn't see this. It's not wasted time. It gives us an understanding of what we currently know, and where we might look in next year's accounts.to clarify. The thing is, while Madrox is administered as a small company, Sunderland is not, so we can always figure out some parts from that. For example, if Donald decided to write off the £20m debt he owes, he couldn't just do it without a trace at SAFC's end, if that makes sense? I think we'd be at greater risk of this 'wonderful set of accounts' being used to obfuscate our understanding if we didn't have any starting point. This is a starting point, and I'm happy enough that if it stops the lunatics accusing him of being Bernie Madoff Jnr on whatsapp, it's a good thing.
Been there, done it and got the T-shirt under Tom Cowie's tenure. As I get older, I am a great believer in the Serenity Prayer: God, grant me the serenity to accept the things I cannot change, Courage to change the things I can, And wisdom to know the difference It is Donald's club, he is the owner and within the law he can do what he wants with it, that said if I had the slightest concern that he was doing anything detrimental to the future of the club I would be first in line knocking at his door.
had we give Maja a rise of about £15,000 a week instead of signing Grigg we would be in the championship. and if these owners keep signing these type of players, we will join Bury in a couple of seasons. Murray started this demise then through Short have nearly finished our club.
What part of "we offered Maja what he asked for" is so hard for some people to understand. He was never going to stay and there were no guarantees that he would have continued scoring. The number of goals we scored after Maja left were very similar to what we scored after he had left. He also go injured shortly after he left us but people seem to forget that as well.
The irony is, the only person shooting people to bits is you You're completely entitled to your opinion mate, don't take disagreement as anything other than that. The big thing is that the reason we have so much information is because Donald spent a solid 2 hours giving us a blow by blow breakdown of the deal, and Charlie subsequently explained it (ironically, to GOM) at the RAWA meeting. Donald has also been quite open from day one about how the deal was supposedly done, but it was him getting caught in contradictions early on that set the tone for people starting to get curious. Some people believe that he has a right to administer the club how he wants. If he paid for it out of his own pocket, I'd say the same, but the fact that he didn't even pay the full £15m (later £12m) portion of the deal that was unequivocally for his benefit (the shares) makes me feel differently about it.
I have read this thread today and can I make a suggestion? At the next meeting you go instead of GOM? He travelled from Bristol to attend the meeting, something I doubt he received payment for, yet your on the doorstep. You seem to disagree with his summing up of the situation and have on previous posts suggested he looks to much on the good side. This is a retired bloke, who was asked to attend as he has for the past x number of years posted the accounts in a way us normal people can understand. I don't recall you offering?
I don't know what you're getting at here, you're acting as if I forced GOM to do this, but I recall he actively wanted to do it? I know he's had health difficulties so I don't know if it's feasible to do it in future, but he certainly seemed to take some enjoyment from it all, as expected for an accountant. Regardless, I've said it before, I can't be the public face of this, I have a business to run, and no desire to be in the firing line when Donald next loses his rag on twitter. Look at the abuse I've had on here just for saying things, my god, my life would be over if I let the lunatics like owld fella, roppa and the like loose on my private life.
I haven't suggested you forced GOM to do anything, what I have suggested is as you have spent such a large amount of your time digesting and recording all of your statement that you take over and offer to attend the next meeting to raise your concerns
What part of 'I wish to retain my privacy' makes you think I'd want to do it? Look, GOM loves it, and he also gets loads of plaudits for it. I'm not doing it because I don't want to, but even if I had any inclination to do it, I ain't taking away a 60yr old man's spotlight. He's more than capable, I just disagree with some of his interpretation (as I'm sure he does mine).
Repaying the club what it is owed is not new investment so doesn't increase the SCMP limit. I'm convinced you're not Chris the accountant now!
Thanks for the clarification, on both parts. My lass will be wounded, I'd started telling her how she's riding the lad who Stewart Donald slagged off on twitter.
Absolutely not, mainly because of the utter psycho element of our fans who Donald has looking for 'Chris the Accountant' like they're the ****ing Gestapo Why would I do that? Why would I honestly subject myself, my family, and my business to the kangaroo court of twitter spats with the owner of SAFC and his PR guru right hand man? I don't see how it makes anything I've said less valid?
How would attending a meeting lead to that? I have no idea what GOM looks like or where he lives, as probably most people don't. You seem rather concerned that you, your family and your business would suffer, this is all getting a bit bizarre
Have you seen the crap I've had anonymously on here? Your name is documented at the top of the minutes, I can't have any kind of interaction like that without people knowing who I am. My name is enough to know everything, believe me, especially as I have appeared in newspaper articles and the like in relation to work. It's not happening, I don't know why you can't grasp that.
