Aye but after the last meeting he said he’d come clean at some point when they were no longer in place and despite the **** he’s getting I think this is him bring true to his word.
I wish people would stop saying we are a giant club/massive club etc etc we are a league one team, we have NEVER been a massive club, the supporters have been massive though.
Aye we have, are. Our history and infrastructure dictates that before you build in the fans. We're just going through a bad few years
It is debatable though. We have been behaving for a while now like a League One club with oversized facilities. Many decisions taken seem to be small time on the surface. This may change of course, but the retrenchment under the chancers was there to see. They would have sold the bloody seats back if they'd been able. Maybe, under this new regime, while a definite shift has occurred , there are some things not done because KLD does not own enough shares to merit more person financial commitment. That's rather hopeful of course, but unless something like that is true, then we are anything but big, aside from numbers turning up, and the size of the buildings the club owns.
I reckon that the shareholding will gradually be handed over to KLD over time / promotion / investment. Not too worried.
Wasn't that before KLD came on board and Sartori had since returned so that may not apply in the new make-up.
I have to hope that KLD has the controlling interest and that the share split is nothing more than SD ensuring he gets the payout he wants if we get promoted. This last month has been an absolute joke and the 'leadership' group do not come out of it well. It will take a lot to get some fans back onside, but a winning team will help that, lose another two or three and the atmosphere will be horrible
That will definitely happen I will say that was always under the impression that KLD had a big stake but not over 50% but why the **** didn't they just be specific and put this out on a club statement and it would have prevented this being blown out of proportion, I see there are a few people on the radio who are capitalising on this to raise their profile and it stinks
but if Sartoris shares don’t have voting rights, it essentially means only 80% of the shares have votes. so when KLD came in, he only needed 41% to have a controlling stake. It COULD be that now Sartori is back he is reclaiming his voting rights (perhaps through the court) and as such KLD has LOST his controlling stake, hence the secrecy could also explain the new investment stuff from @Prehab26 . It could be that KLD did have a controlling stake and now he doesn’t. So he’s doing something about that.
I definitely think Sartori holds a lot of aces up his sleeves, he has the holding to flip to either side so both need to keep him onside.
I dont know whether to laugh or cringe at some of the stuff written these days. At one point he outs KLD as not being prepared to speak to the local media. Bit of an axe to grind have we? At another point he says he is no mathemetician but then backhandedly talks about voting rights. Finishes with 'perception is everything'. We could of course use our own experiences of the last 12 months and see the reality of a very different club ran by very different people with clearly much better plans and investment models. I guess that narrative is hard to describe whilst being outraged.
if that theory above is right (big if), then I don’t think it’s a bad thing. Just means KLD needs to purchase more to get his controlling stake back still wouldn’t explain why they gave in and released info that sends hares running and losing them tonnes of trust today
i can only repeat what i have said before, 'the chancers' saw us as a quick profit and nothing else and i seriously doubt they were in it for the long haul, they took over a club with premiership facilities and at the very least a championship capable squad, they gambled on 'instant' promotion and selling on...had that happened then all would be a lot rosier. as it is, they fecked up big time and basically are not willing to lose out (although exactly how much they invested will never be known, it could be minimal if what we hear about the parachute payments is indeed correct) so they wanted to hold onto a bit of the club hoping for that elusive big profit a little further down the line, i am fairly sure KLD knows exactly what he has done and what he has taken on and i also think the fans would have handled the truth better had we been told at the start (this is not to be confused with 'happy with the truth') but knowing we have been misled, which in my eyes equates to a lie is going to take a lot of getting over and some good work from within the club. at the end of the day it has cost nothing to the fans, personally we have not lost out...but something like this always leaves you wondering what else is going to come out of the woodwork, people do not lie for no reason, there is always something to hide when they do.
Just a thought. Donald wants to make a profit. He openly admits he hasnt got the capital. If I were him I would simply sit back, say nowt and make no waves, then take his profit once promotion or relevant objectives are met. I can see no reason for him to cause problems personally. All this talk or Sartori jumping back into bed with Donald seems far fetched to me. There is no money to be made for anyone until we are promoted and Donald doesnt want to be responsible for that.
KLD came in, could only buy what stewrat (kildares only useful contribution, ever) would agree to sell him, ie 41%, sartoris shares not counting meant this was was a controlling interest (as stated), stewrat insisted on the NDA (cos he's a scheming conniving tosser), the NDA is now up. Maybe. This makes KLD a bit of a disingenuous fan-misjudging tatey head, which is better than another donald type. Not great. Wonder what he'll say.
absolutely. There is absolutely no reason why Donald wants anything other than success for Sunderland, now that his balls aren’t on the line financially.
