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This bit sums the it up in a paragraph for those who want Short out:

"On the one hand, Short has proved himself a good owner by providing significant funding to Sunderland. In fact, not only has he loaned the club around £160 million interest-free, but he has actually capitalised £100 million of this debt. This is money he would only get back if he sold the club (and for a decent price)."
 
Lostinvegas said:
I just quickly read all that. It reads that we have a debt of 59m in the form of a bank loan. 100m from Shorts investment (essentially buying shares through dilution) and 20m from the bank which has been reclassified and not an actual loan but an investment.

So in terms of actual debt (if this article is correct) it's 59m

Not a massive sum but still more than most. Interestingly clubs in more debt are Man Utd, Arsenal and QPR.
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Yeah we still have £300m approx from about £850m the glazers used to buy the club secured against the club.

Got the best marketing team going though, debt isn't a worry at all.

QPR on the other hand, they're goosed.
 
Notorious T.E.L said:
Yeah we still have £300m approx from about £850m the glazers used to buy the club secured against the club.

Got the best marketing team going though, debt isn't a worry at all.

QPR on the other hand, they're goosed.
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I work with one of the guys that used to own QPR, there is a lot more to that story than meets the eye. There is a film all about it on netficks called 4 year plan, it's an entertaining watch.
 
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Lostinvegas said:
I work with one of the guys that used to own QPR, there is a lot more to that story than meets the eye. There is a film all about it on netficks called 4 year plan, it's an entertaining watch.
Click to expand...

Is that lot more to do with the guys who owned it before Fernandez? He's spent like a stupid idiot and they're nowhere near PL level after all the money he's put in.
 
Debt had to be considered as a percentage of turn over and value. Man Utd don't need worry about debts worth more than the value of Newcastle and Sunderland combined.
 
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