FPP to take full control

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I don't think he'll be panicking provided football is played in some form by september. As the good article on ALS said (posted a couple of pages back) the club is not a financial mess to the degree people think on terms of p&l.

But I do agree there is little chance of someone buying us for £35m+ as things stand. I still can't understand why FPP didn't buy us for £15m and them have Donald write off the debt though. That would seem a good option for them, albeit a bad one for the club.

None of this stacks up really, it will be very interesting to hear him defend this.
 
Smug in Boots said:
It appears to me that, as things stand, the club is unsaleable at anything approaching the price we've seen reported.

The second thing is that, despite some people's belief that Donald can easily absorb current losses, I believe he'll be panicking as @kingkeane said.

Whatever Donald's plan was it's all fallen to pieces, there's no way this situation is anywhere close to what he wanted ...

... I just hope he's gone before he does any more damage.
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and so say all of us.
 
Kittenmittons said:
I don't think he'll be panicking provided football is played in some form by september. As the good article on ALS said (posted a couple of pages back) the club is not a financial mess to the degree people think on terms of p&l.

But I do agree there is little chance of someone buying us for £35m+ as things stand. I still can't understand why FPP didn't buy us for £15m and them have Donald write off the debt though. That would seem a good option for them, albeit a bad one for the club.

None of this stacks up really, it will be very interesting to hear him defend this.
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therein lies the problem... the uncertainty. Almost Everything has dropped in price, including the the football club. Who is going to buy a club with no income except for tv revenue in league one which is minuscule compared to the prem or championship. We’ve got 13 players due to leave the club. Where’s the cash coming from to pay existing and new players wages and fees? Our keeper hasn’t been offered a new contract. We’ve flogged our brightest academy prospect for 200k. Scary times. I’d be gobsmacked if anyone on here wasn’t worried and thinking it will all blow over.
 
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kingkeane said:
therein lies the problem... the uncertainty. Almost Everything has dropped in price, including the the football club. Who is going to buy a club with no income except for tv revenue in league one which is minuscule compared to the prem or championship. We’ve got 13 players due to leave the club. Where’s the cash coming from to pay existing and new players wages and fees? Our keeper hasn’t been offered a new contract. We’ve flogged our brightest academy prospect for 200k. Scary times. I’d be gobsmacked if anyone on here wasn’t worried and thinking it will all blow over.
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It is worrying. The problem is that it worries us more than I suspect it worries our owner...
 
Guinness Guzzler said:
I think it's probably not a stretch to imagine that Short is disappointed with how this has all gone.

Clearing the obligation to pay SAFC does help in one regard though. If someone wanted they could buy Madrox and wouldn't be needing to pay £20m to Sunderland. They buy Madrox and all of a sudden its them running it, and they still have the FPP loan because it was paid to Madrox. So effectively FPP maintain their position, but with someone else in Donald's place. Someone who might think they can get us to the championship or Premier league and then sell for a big profit to FPP (having benefitted from them putting more money in if they see its being well used). FPP would have to approve the sale, but if they don't think Donald can run it, but still don't want to run it themselves, they likely wouldn't stand in the way. The new buyer would know they had a likely future buyer lined up who could give them a big profit down the line as well as loans at favourable rates in the meantime. Donald gets out of it and can say he sold to someone who can take it on and kept FPP at the table. The above happening wouldn't surprise me
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Short was pretty dishonest himself. Instead of leaving the club debt free like he said, he used parachute payments to paper over a £20m loan then left it for the chuckle brothers to sort out.

The sooner these clowns bankrupt themselves or sell the club the better
 
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Pretty sure Donald will be wanting to drop the club like a hot potato and get the **** out of town.

If he plans to dig his heels in and stay on long term then he's either stupid, which he isn't, or he can afford to pay his way out of trouble, which I doubt.
 
kingkeane said:
As I've said previously.. the potential loss of gate receipts, food and drink, club shop sales and corporate boxes/hospitality by playing behind closed doors will be crippling. If SD's arse isn't dropping out at the prospect I'd be amazed. If it was me I'd be doing an 'Ashley' and take the money before the **** hits the fan. The difference here is Donald's gamble hasn't paid off and he stands to gain nothing and more than likely lose.
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His arse isn't dropping. I'd say a sale is less likely after Covid, not more
 
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Nacho said:
Pretty sure Donald will be wanting to drop the club like a hot potato and get the **** out of town.
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Anyone with an ounce of sense would realise they’re going to take a hit but Stew wants a profit and a place at the table.

He’s in love with the idea of owning a big club with the very real possibility he’ll make it into a much smaller one with his utter buffoonery.
 
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Nacho said:
Pretty sure Donald will be wanting to drop the club like a hot potato and get the **** out of town.

If he plans to dig his heels in and stay on long term then he's either stupid, which he isn't, or he can afford to pay his way out of trouble, which I doubt.
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I think he's passed the point of no return this time. Seems like he's lost the fanbase. Whoever leaked this information has done well because I imagine that the kind of murky accounting that everyone is having a hissy fit about goes on at many clubs but no one bats an eyelid. In reality, it's not about that at all though. Donald is paying the price for:
1. Not getting us promoted
2. Not being a billionaire
3. Being southern
 
The Norton Cat said:
I think he's passed the point of no return this time. Seems like he's lost the fanbase. Whoever leaked this information has done well because I imagine that the kind of murky accounting that everyone is having a hissy fit about goes on at many clubs but no one bats an eyelid. In reality, it's not about that at all though. Donald is paying the price for:
1. Not getting us promoted
2. Not being a billionaire
3. Being southern
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What a ****ing stupid post, its down to the fact they bought us cheap and want the parachute payments rolled into their profit, they should be wearing ****ing masks
 
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Wayne the Punk said:
What a ****ing stupid post, its down to the fact they bought us cheap and want the parachute payments rolled into their profit, they should be wearing ****ing masks
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Don't get yourself worked up love. You wouldn't give a **** what they wanted to do if we'd been promoted and were doing well in the Championship.
 
The Norton Cat said:
I think he's passed the point of no return this time. Seems like he's lost the fanbase. Whoever leaked this information has done well because I imagine that the kind of murky accounting that everyone is having a hissy fit about goes on at many clubs but no one bats an eyelid. In reality, it's not about that at all though. Donald is paying the price for:
1. Not getting us promoted
2. Not being a billionaire
3. Being southern
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Definitely for not getting us promoted although with all the rhetoric he and Methven came out with when they first took over the club is it any surprise?
Not being a billionaire. All any fan wants is their team to win. Not every team can be owned by one. We were and look where that got us.
As for his southerness I really don’t think anyone who supports the club could give a crap about where he came from or what he sounded like as long as he ran the club well and ethically.
 
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Evil Jimmy Krankie said:
Definitely for not getting us promoted although with all the rhetoric he and Methven came out with when they first took over the club is it any surprise?
Not being a billionaire. All any fan wants is their team to win. Not every team can be owned by one. We were and look where that got us.
As for his southerness I really don’t think anyone who supports the club could give a crap about where he came from or what he sounded like as long as he ran the club well and ethically.
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As soon as we didn't get promoted the pressure was on him. People have been clamouring for another billionaire since one came sniffing round. As for his geographical origins, maybe not but people have made a big deal of him looking, speaking and acting like David Brent and I've seen him referred to as Cockney (which he isn't) on several occasions. I still think if we were doing better, none of this financial stuff would be a problem.
 
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The Norton Cat said:
As soon as we didn't get promoted the pressure was on him. People have been clamouring for another billionaire since one came sniffing round. As for his geographical origins, maybe not but people have made a big deal of him looking, speaking and acting like David Brent and I've seen him referred to as Cockney (which he isn't) on several occasions. I still think if we were doing better, none of this financial stuff would be a problem.
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But, I am not sure if you have noticed this.The team is poor, piss poor, we are in division 3, not looking like getting promoted, and owned by someone who looks like he hasnt been honest with supporters, and trying to rip at least £20million out of the club
 
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