FPP to take full control

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It seems that he is a reluctant seller, talks dribbling on...

Probably a Cashley sort of saga that has been going on for years with the skunks

Except Cashley has money(?), whereas Donald we are led to believe does not have the funds to bankroll us?
 
After listening to that podcast, in my opinion we are not close to being sold, hes still dangling the bait of Americans to the fans if we succeed this season and openly said he'd go back for more fire power from them if needed in the championship. Also proves Bob is full of s**t and they are still involved.
 
I would like to start my sending my best wishes to everyone associated with our club. This awful pandemic has had an incredibly challenging impact on all of our lives, but together, we will come through it.

At the club, that impact is being felt by management, players, staff and supporters alike. Our priority remains the health and welfare of all associated with Sunderland AFC. We are continuing to work hard behind the scenes, with a focus on trying to reduce the financial impact and ensure jobs remain secure. We are also looking at many different ways to support the wider community.

On Tuesday, we announced that our players and backroom staff had been furloughed. They join a number of other members of our non-playing staff, who we had already furloughed, in using the Governments’ Job Retention Scheme. We believe it is the best course of action for the club at this time. We will also continue to look at the suitability of all options being made available to businesses during this unprecedented period. We are not alone in this process, and this is an extremely challenging time for every club outside the Premier League. We wish them all the best of luck.

It is no secret that our non-playing staff have been through an incredible amount over the last few years. Despite countless redundancies and minimal job security, they have worked tirelessly for the good of the club and each other. They have made a huge difference in turning around the club’s finances, so it is only right that we have taken the decision to ensure all staff affected by the furlough process will receive full pay. Their hard work, dedication and understanding continues to drive the club forward.

Likewise, our players have also been through a lot. Promotion was our aim last year and we ultimately fell short, but they gave everything. Last season’s heartbreak has only strengthened their desire to bring success to our club. Had they been on the wages of years gone by, it would have been right of me to ask them to contribute, but they are not. They will also be affected by the pandemic. We had two unbudgeted Wembley appearances last season and we will use these funds to ensure that like their colleagues, they do not suffer at this time.

I hope our fans can see that the conclusions we have drawn are fair and in line with where our club finds itself today. These decisions have all been made with the best intentions.

As we continue to support our fans, we are looking into what we can do to help the wider community, while also ensuring that the club can meet all its obligations despite the absence of football. If this awful virus and lockdown persists, we are well placed financially, but we will continue to evaluate all options to ensure the club remains in the strongest position possible.

We look forward to games resuming when it is safe and appropriate to do so, but for now, we have delayed our season card deadlines. This cashflow impact can be absorbed and we will review the deadlines set as time progresses.

I would like to conclude by thanking everyone for their understanding and support in these unprecedented times.

I look forward to the day I can welcome you all back to the Stadium of Light, but for now, remember to follow government advice and support each other.

Together, we will come through this.

Stewart Donald
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Robref62 said:
Nothing new to see here, move along.
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It may not be entirely new but it's different to what you've been saying ....

"I've said it b4 but imo forget about FPP, if they wanted to buy us it would have been done and dusted."

Besides, its new in as much that Donald suggested their involvement was over ...

... and also contradicts Madbob's insistence that their money was paid back ages ago.
 
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Smug in Boots said:
Surely not, I was ridiculed for insisting that was still the case ....
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Tell you what mind as much as I'd love them to take over us and be buzzing over it I would also have a little chuckle to myself to all those idiots who were jizzing in their pants hoping it would fall through just to say see Reiver was talking ****.

Imagine being that petty youd prefer saying I told you so on the internet over having he best thing thappen to our club in a long time.

Just dont get it..
 
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Letter to the fans on safc from Donald, anyone else think it’s abit strange these have both come out the same day??
 
BigPete said:
Tell you what mind as much as I'd love them to take over us and be buzzing over it I would also have a little chuckle to myself to all those idiots who were jizzing in their pants hoping it would fall through just to say see Reiver was talking ****.

Imagine being that petty youd prefer saying I told you so on the internet over having he best thing thappen to our club in a long time.

Just dont get it..
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They were still having a go at me yesterday, but gone very quiet this morning ...

.... like when I offered a bet of £1000 about FPP, it was like I'd thrown a stun grenade in there <laugh>
 
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If you haven't heard it, he actually said:

'My preference is to stay, hold on to the club and as we become successful, talk to the guys who've invested since we move in (FPP) and say 'can we have a bit more firepower once we get to the Championship?' - That was the plan.'

Then

'If the fans said to me tomorrow 'stay', and the guys from America would completely engage - which I would hope they would if we could get a little bit more success - then I'd love to stay and Charlie would love to stay.'

Let's not get carried away, this is not him saying the Americans are ready to do anything.
 
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Kittenmittons said:
If you haven't heard it, he actually said:

'My preference is to stay, hold on to the club and as we become successful, talk to the guys who've invested since we move in (FPP) and say 'can we have a bit more firepower once we get to the Championship?' - That was the plan.'

Then

'If the fans said to me tomorrow 'stay', and the guys from America would completely engage - which I would hope they would if we could get a little bit more success - then I'd love to stay and Charlie would love to stay.'

Let's not get carried away, this is not him saying the Americans are ready to do anything.
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Kittenmittons said:
If you haven't heard it, he actually said:

'My preference is to stay, hold on to the club and as we become successful, talk to the guys who've invested since we move in (FPP) and say 'can we have a bit more firepower once we get to the Championship?' - That was the plan.'

Then

'If the fans said to me tomorrow 'stay', and the guys from America would completely engage - which I would hope they would if we could get a little bit more success - then I'd love to stay and Charlie would love to stay.'

Let's not get carried away, this is not him saying the Americans are ready to do anything.
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" .... talk to the guys who've invested since we move in (FPP)"

So the loan's been converted back into investment ...

... it's the most flexible loan in the history of finance.

On the positive side Donald isn't saying FPP have no further interest in the club which is what many were claiming.
 
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Magnus said:
Letter to the fans on safc from Donald, anyone else think it’s abit strange these have both come out the same day??
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It's quite quickly after the furloughing of players has been announced, I suppose. The tone of the letter suggests that Donald knows that the sentiment towards him has changed after STID 2.

I don't know what to make of him mentioning the Americans again.


"So the loan's been converted back into investment ...

... it's the most flexible loan in the history of finance." :emoticon-0102-bigsm
 
I think this just cements where we are here.

Donald took this loan because he felt that he wanted to sell the club to FPP as an ideal choice. Those were the terms they offered. he believes (presumably based on the initial negotiations) that they would be happy to come on board to a greater degree if we get success, but the implication of what he said is clear - it's a long shot for them to buy us in L1.

The issue with FPP is that if we really are sold by the end of the month, it doesn't sound like it'll be to them. If we're not, his plan continues and he's banking on getting to their tipping point to invest properly in us (not the loan, but converting it to actual shares) before the end of next season.
 
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Smug in Boots said:
" .... talk to the guys who've invested since we move in (FPP)"

So the loan's been converted back into investment ...
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I just don't see the semantics of it being that important now that we can see a reasonable amount of the paperwork. We know it's a loan and we know it can be converted one day if it needs to be.

We need to get promoted though, that much seems abundantly clear. If there was any chance of them coming on board without promotion, he'd be singing it from the rooftops to get us onside again. He knows he can't make that promise and then get to September and they're nowhere to be seen, so he's dangling the carrot that if we stick with him, that's the best chance of FPP coming on board.
 
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