FPP to take full control

[Essayyeffcee]

"It could also be a tactic to get SD to panic."

That's exactly what was suggested by the corporate chap I spoke to.

He reckons it really puts the pressure on Donald by firstly saying 'give us our money back' and not having FPP to use as a lever against other potential buyers. He's done that all the way through as has he lumped in future caveats based on us being promoted now and again to the PL.

I pm'd the details, to someone on here a while back, so it's 'recorded'.

So in your opinion, you still think that the Americans want to buy the club?

 

[Robertson]

The article reads like Methven doesn't it?

I wonder if they're stuck in their pricing negotiations with this mystery third party and are trying to squeeze them into accepting a deal. Put it this way, if the Yanks were the most likely buyers and they were stuck on price, the least effective way to change that situation would be telling people that they were the most likely buyers That one seems aimed at someone else with the '1 person viewed this club in the last hour' message you'd get on booking.com.

I like that analogy!

 

[Robertson]

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This seems reasonable from SD, if true. It should cost much less than £5m to get us up. But it begs the question, why didn't he spend £1m on players that would make it much easier to go up and make £4m on it?

Smacks a bit of Short and Bain in the championship season.

 

[Smug in Boots]

So in your opinion, you still think that the Americans want to buy the club?

Put it this way mate.

It's very recently that they decided to hand Donald £9 million.

So why do that at virtually the same time they're ending all involvement and wanting their money back ...

... it makes no sense whatsoever.

As they've quite amply demonstrated they're far from the kind of people who make random snap decisions.

 

[Smug in Boots]

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This seems reasonable from SD, if true. It should cost much less than £5m to get us up. But it begs the question, why didn't he spend £1m on players that would make it much easier to go up and make £4m on it?

If that's Donald talking he's saying the club may well not be sold this season ...

... he's so lacking in direction it makes me wonder how he finds his way home.

 

[HeatonMackem]

If that's Donald talking he's saying the club may well not be sold this season ...

... he's so lacking in direction it makes me wonder how he finds his way home.

No, it says he's still looking to complete in February, but it would be a £35m deal, plus £5m if we go up this season.

 

[Sunderpitt]

Ongoing speculation and rumour has it, that some conspiracy theorists say that Sunderland AFC are going to be bought by Aliens. Namely Martians who have untold wealth from minerals on the red plant.
It's a little know fact that the English Premier League is avidly watched on Mars, the intention is build the team up in their own image and get two promotions quickly. Football is difficult to play on Mars cos the gravity and atmosphere problem (indeed it is worse than Qatar, some say). Martians do not like to head the ball cos of their antenna. However Donald on handing over the keys to the stadium fully expects Sunderland to be the first club to have aliens in the team. Football authorities are not sure how to legislate for this. Donald is not bothered he has made a tidy profit and is off on holiday for 6 months.
The press and TV are agog waiting to see the Alien owners of Sunderland.

 

[Essayyeffcee]

Put it this way mate.

It's very recently that they decided to hand Donald £9 million.

So why do that at virtually the same time they're ending all involvement and wanting their money back ...

... it makes no sense whatsoever.

As they've quite amply demonstrated they're far from the kind of people who make random snap decisions.

I have to admit, the whole scenario does seems a bit strange no matter what your perception of it is. Here's hoping that something comes out of it.

 

[Smug in Boots]

No, it says he's still looking to complete in February, but it would be a £35m deal, plus £5m if we go up this season.

Ah right, well in that case I reckon it's OK for me to say why the FPP deal stalled.

After the deal was agreed Donald asked for a further £5 million for promotion and another £10 million for going up to the PL.

If you don't appreciate this post, Mr Donald, you can sue me ....

 

[Seb’s right peg]

Ah right, well in that case I reckon it's OK for me to say why the FPP deal stalled.

After the deal was agreed Donald asked for a further £5 million for promotion and another £10 million for going up to the PL.

If you don't appreciate this post, Mr Donald, you can sue me ....

I don't understand how he can ask for that. If it's being bought from him, he should hardly be rewarded for something someone else has achieved.

 

[Essayyeffcee]

Ah right, well in that case I reckon it's OK for me to say why the FPP deal stalled.

After the deal was agreed Donald asked for a further £5 million for promotion and another £10 million for going up to the PL.

If you don't appreciate this post, Mr Donald, you can sue me ....

But but he said on that wireless thingy that he never asked for more money!!

 

[Smug in Boots]

But but he said on that wireless thingy that he never asked for more money!!

In which case I'd daily he's not telling the truth, the whole truth and nothing but the truth.

 

[Kittenmittons]

I don't understand how he can ask for that. If it's being bought from him, he should hardly be rewarded for something someone else has achieved.

I wouldn't say this is entirely fair. If we get promoted this season, he would have a right to ask for a bonus based on that imo.

If he's asked for £10m when we get to the PL that's ludicrous, but I guess it's all about what someone will pay.

 

[Smug in Boots]

This is a post by Grumpy Old Man that contains some interesting information ...

"That makes no sense. All that does is interject another UK company into a chain. At some point there has to be a transatlantic shareholding. It brings additional admin with no tax benefits. What's more important is for them not to own the shares in Madrox as individuals. They have an appropriate vehicle in FPP Sunderland llc, which, of course, already has a financial relationship with Madrox. The original plan was almost certainly to buy Sunderland, not Madrox. If they were to buy Madrox, there was no need for FPP Sunderland Ltd (cf Short buying Drumaville, not Sunderland). The creation of the loan makes it more sensible at this point for the llc to buy Madrox, particularly if the intention is to do so by use of the buy-in clauses in the loan, allowing them to convert it into Madrox shares."

 

[HeatonMackem]

Ah right, well in that case I reckon it's OK for me to say why the FPP deal stalled.

After the deal was agreed Donald asked for a further £5 million for promotion and another £10 million for going up to the PL.

If you don't appreciate this post, Mr Donald, you can sue me ....

Sounds quite reasonable to me if it's time limited. It's a similar deal (but much less) to what was reported near the time it was leaked the takeover is off and they sacked. I think they (Sun or Mail?) said something like £15m + £25m for the two promotions.

 

[ROKER REVIEW]

But but he said on that wireless thingy that he never asked for more money!!

He's full of crap & more worryingly a big percentage of our fan base believe him! Sooner he's gone the better.

 

[Smug in Boots]

Sounds quite reasonable to me if it's time limited. It's a similar deal (but much less) to what was reported near the time it was leaked the takeover is off and they sacked. I think they (Sun or Mail?) said something like £15m + £25m for the two promotions.

Some of my sources are one or two steps detached ...

... but this one is a big name in Sunderland and locally connected.

It's not Niall Quinn but that'll give you a guide ...

 

[HeatonMackem]

This is a post by Grumpy Old Man that contains some interesting information ...

"That makes no sense. All that does is interject another UK company into a chain. At some point there has to be a transatlantic shareholding. It brings additional admin with no tax benefits. What's more important is for them not to own the shares in Madrox as individuals. They have an appropriate vehicle in FPP Sunderland llc, which, of course, already has a financial relationship with Madrox. The original plan was almost certainly to buy Sunderland, not Madrox. If they were to buy Madrox, there was no need for FPP Sunderland Ltd (cf Short buying Drumaville, not Sunderland). The creation of the loan makes it more sensible at this point for the llc to buy Madrox, particularly if the intention is to do so by use of the buy-in clauses in the loan, allowing them to convert it into Madrox shares."

Very similar to what I said. I didn't read his first, honest!
Edit: looks like I beat him to it anyway so we're both thinking the same thing

 

[sad-eyed prophet]

Ah right, well in that case I reckon it's OK for me to say why the FPP deal stalled.

After the deal was agreed Donald asked for a further £5 million for promotion and another £10 million for going up to the PL.

If you don't appreciate this post, Mr Donald, you can sue me ....

I suppose the question I'd ask now is how much was the deal worth before he started asking for more?

 

[Somebodys pinched my sombrero]

Every day this place is becoming more like RTG, ****in sad mags posting on this thread now about that nasty man Ashley.

Stick to your own forums you sad acts.

Been on here about ten years. You’ll not change that.