FPP to take full control

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All good points. There's definitely more to think about than finances for Donald, and I'm sure even if he could see a financial recovery in future, he might be tempted to try to cash out rather than risk it. In fact, that's what he's doing now effectively.

On the second point about administration/liability, do you mean in relation to the FPP money? Legally SAFC has no liability for the FPP loan, however in practice, Donald will be able to use SAFC's money to pay off Madrox's debts which would be normal practice (as we have seen, he can also write-off his own liability to pay it back too). He almost certainly also put that money in with the ability to use it to pay off FPP without penalty anyway.

Putting that to one side, if we were to end up in a bad situation because of CV-19, it would also have big repercussions for Madrox because the two are inextricably linked. The problem is that because Madrox can pretty much weasel their way out of their obligations (cancelled their £20m internal debt to us, able to take cash out of the business to pay their £10m FPP loan), in effect, we can be sacrificed if push comes to shove, or Donald could even say '**** it, I'll let them take it' and write off the club for £10m, but to tet there we would have to be losing a significant sum, which causes it's own problems that make us a less attractive investment for anyone.

So it's kind of catch 22. To get to the stage where FPP can exercise their options, the club itself has to be failing to a degree that may well lead down the worst path possible. At that point, we're relying on them taking us on, paying all of our ongoing debts, and financing us getting back up. It's not guaranteed that they would, particularly given their reticence to buy us outright in L1 when we were in a better financial situation.

What I’m trying to decifer, and I know you are 2, is ‘would the club be debt free if Madrox collapses’

Is there liability v the club and it’s assets other than to FPP?

If there isn’t, then a Madrox hit is a blessing, surely?
 
What I’m trying to decifer, and I know you are 2, is ‘would the club be debt free if Madrox collapses’

Is there liability v the club and it’s assets other than to FPP?

If there isn’t, then a Madrox hit is a blessing, surely?

That's a tricky question to answer, I have a product meeting now but in short, the answer is that Madrox shouldn't realistically be able to implode unless we have already imploded...
 
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Are the clubs asking the players if they want to play the remaining games because they are the ones taking all the risks?
Maybe that's why some clubs aren't keen on a resumption.
 
On a different topic, I’ve just been shown on a video call what’s allegedly our new kits.

Sadly, they are based on a template but with a round collar with piping and look very smart, he wouldn’t allow me to picture.

There’s some bright yellow shirts as well, unclear if they were an away kit or potential training gear.

All, interestingly, were sponsor free at this stage.
 
On a different topic, I’ve just been shown on a video call what’s allegedly our new kits.

Sadly, they are based on a template but with a round collar with piping and look very smart, he wouldn’t allow me to picture.

There’s some bright yellow shorts as well, unclear if they were an away kit or potential training gear.

All, interestingly, were sponsor free at this stage.
Hopefully sponsor will be dell :emoticon-0102-bigsm<doh>
 
Hopefully sponsor will be dell :emoticon-0102-bigsm<doh>

They look very similar to the Nike kits we had in the early 80’s, but more red than white.

He works for a big courier/shipper hence the privacy. Boxes of dri-fit boxing.

The yellow is very in with Nike at the minute on trainers and boots.

‘volt’ they call it.

They could of course be samples, but without Covid we’d be seeing next seasons kits about now.
 
They look very similar to the Nike kits we had in the early 80’s, but more red than white.

He works for a big courier/shipper hence the privacy. Boxes of dri-fit boxing.

The yellow is very in with Nike at the minute on trainers and boots.

‘volt’ they call it.

They could of course be samples, but without Covid we’d be seeing next seasons kits about now.
Please tell me and lie if you have to, that they don’t have that god awful solid colour panel on the back.
 
Oh God, I see Harry Redknapp wants to buy a football club in League 1 or below, then I remembered @Smug in Boots quote about taking advice from a former English Manager. Imagine that, he's a figurehead with a small stake, no don't, it doesn't bear thinking about
Would have thought he would try for Pompey having been there or another southern club
 
If you were a billionaire thinking of buying a football club for peanuts, do you think that you might sit back, set up the staff that you want, the scouting and coaching teams, identify transfer targets, then swoop when the time was right and hit the ground running?
 
The big thing is the time being right, and all indications so far make it seem likely that those are tied to us getting promoted.
 
Some bad PR and inconsistent messages aside, I have to be honest and say I have largely supported Donald’s stewardship, thinking that he genuinely cared.

However, to add to the gripe, and something I have not seen critiqued elsewhere, is the lack of development off the pitch.

We were told, especially by Methven, that there were significant plans in place for a new ticketing system, reconfiguration of Black Cats House into a large store, mobile bus shops, better beer, tidy-up of SOL etc. In two years all we have seen is a re-birth of the fanzone.

Slow progress indeed and surely another sign that there is no money, or the money has gone out.
 
Some bad PR and inconsistent messages aside, I have to be honest and say I have largely supported Donald’s stewardship, thinking that he genuinely cared.

However, to add to the gripe, and something I have not seen critiqued elsewhere, is the lack of development off the pitch.

We were told, especially by Methven, that there were significant plans in place for a new ticketing system, reconfiguration of Black Cats House into a large store, mobile bus shops, better beer, tidy-up of SOL etc. In two years all we have seen is a re-birth of the fanzone.

Slow progress indeed and surely another sign that there is no money, or the money has gone out.

just a section of their ongoing jackanory to the Sunlun fans.
In fact, other than the seat change (Which the fans down for nowt) I can’t really see what other positives they have brought to the table.
 
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