S.A.F.C. - the future

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Southern A said:
Well yeh because he's one of the people selling. He'll be loving the uproar its causing as well.
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You may be right, it's a possibility.

However.

Methven isn't a seriously wealthy man and he wants to sell his shares. He's already seen Donald sell a big chunk of his and maintains it was to the family, not simply KLD.

He'll know that Donald is quite capable of selling his remaining shares without involving him which would leave him with a few virtually worthless bits of paper. He'd also become the entire focus of supporters who booed him at Wembley.

If I was a buyer I'd do an exclusive deal with Donald knowing I could pick up Methven's for peanuts.

If I was Methven I'd be a very worried man.
 
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sheepman said:
I've listened to it and also read the original Athletic article and its all a bit smoke and mirrors to me.

As far as I can see the only people who are giving any quotable info about TFT and their bid are TFT
They phoned up White to tell him. They are also the only people directly quoted in the Athletic saying they have a bid in.
In the original article Methvin when asked for a quote does not mention them only says two people have bids in.

White obviously believes its genuine cant see why he'd put his neck on the line but unless I've missed something the only info he has is
they were at the play off game and they told him they have a bid in.
Yet to see any other third party corroboration they are as far on as they say. White may know but certainly hasn't produced any

For me at the moment they are Bit coin William Storeys. Really hope I'm not proved wrong.
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White mentions a few times he has other sources that have confirmed / corroborated what is happening, not just TFT. BUT... other than that I completely agree
 
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Bob the Mackem said:
Yes I did speak to both and it was never mentioned,
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Thanks for the reply, probably not worded well on my part, I wasn't fishing for info, just a feel of what it's like in boardrooms pre match etc.

In your opinion, having spoken to them at Wembley, what would the chances of having a meaningful discussion about shares etc be in a situation like that?

I would imagine impossible?
 
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Southern A said:
White mentions a few times he has other sources that have confirmed / corroborated what is happening, not just TFT. BUT... other than that I completely agree
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Its one of those situations where rationally you think this will never happen.
But there's that part of your Sunderland supporting mind that think oh god here we go again.
 
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sheepman said:
Its one of those situations where rationally you think this will never happen.
But there's that part of your Sunderland supporting mind that think oh god here we go again.
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Yeh. And its never happened before doesn't mean it won't ever happen. And we are kinda prime candidates for it, as we have a huge supporter base that they could tap into easily and cheaply.

I just think they were hoping it wouldn't be such a bad reaction.

I still don't think it will need the EFL to stop it. surely they pull out once they realise nobody is going to buy their tokens, as we hate them
 
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Southern A said:
That Roker Report article covers a few key things.

  • The funding to buy the club will come from an outside investor
  • There won't be any further funding from them into the club unless fans or others buy their tokens
  • The risk is that nobody buys and so they can provide no capital (not sure how this works on shareholder agreement)
  • The potential upside is thousands, even millions of people from around the world buy in and that money goes into the club.
  • The tokens don't give you any sort of ownership, just some say in club matters. However what those matters are is confusing as best, as KLD would be able to overrule them :D
  • Whilst buying tokens doesn't give you any ownership - if RAWA support them they will gift them 20% of their ownership. So they'd only have a c.31% stake, and RAWA would have 7-8%

Sounds ****ing horrendous. forget my devils advocate thing above.
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The bit I've highlighted shows how it won't work. This is from the EFL owners and directors test:-

"3.1.2 the League shall have the power to require the Club and/or the Person who proposes to acquire Control to appear before it and to provide evidence of the ultimate source and sufficiency of any funds which that Person proposes to utilise to acquire Control and/or invest in or otherwise make available to the Club."

I know its about taking control of a club, not buying a stake in one, but taking such a large stake would mean finances would have to be looked at. If they're saying that there's nothing to fund the club other than selling dodgy crypto tokens, there's no way they can pass the test.

If you also consider that they'd have to contribute to any shareholder financing, they'd be in the same boat as Donald and Methven, in that they'd risk seeing their shareholdering diluted by not being able to match anything KLD or Sartori puts in, devaluing their shareholding. This means that the "outside investor", who ever they are, may not see any return on their money, unless they want a quick return from their layout straight away.

And that's before you even consider that the EFL will want to know who the "outside investor" is and where and how they have the funds.

If anyone is interested, here's the link to the full EFL OaD test. Boring as hell, but at least you know what's what.

https://www.efl.com/-more/governanc...lations/appendix-3-owners-and-directors-test/

All I'll say about this lot is I'm concerned about them. I've never heard of them before and trying to tout Bradford Park Avenue in the English 6th tier and FC Episkopi in the Greek 3rd tier as being examples of their competence seems laughable, but almost smacks me as being the front for an organised crime or money laundering group.
 
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TeamOfTalents said:
Interesting read, raises some decent questions

https://wisemensay.co.uk/sunderland...sartori-when-will-he-step-out-of-the-shadows/
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It's very well written. I'm going to get pelters on this (I think most of them have blocked me on twitter anyway), but my issue with this article and the editorial process they've taken is that it leans massively on the side of scepticism rather than balance.

I mean just one thing in here - the author says its categoric that Sartori said he'd bring Uruguayan youngsters then didnt, and to "prove" it he quoted Stewart Donald saying Sartori would. Now clearly Sartori could have come out and denied it. But Sartori has never promised us anything. Yet this article would tell you he has, and he's not followed through.

I agree with the majority of it though. Just wish that every time I read about ownership stuff on a WMS platform it didn't feel like they already had a hypothesis that was being told to me rather than letting me make my own mind up.

Just opinions of course. And I think there is a tonne of room for scepticism and as a result they're a healthy part of the fan base, especially from a fan media perspective.
 
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Southern A said:
It's very well written. I'm going to get pelters on this (I think most of them have blocked me on twitter anyway), but my issue with this article and the editorial process they've taken is that it leans massively on the side of scepticism rather than balance.

I mean just one thing in here - the author says its categoric that Sartori said he'd bring Uruguayan youngsters then didnt, and to "prove" it he quoted Stewart Donald saying Sartori would. Now clearly Sartori could have come out and denied it. But Sartori has never promised us anything. Yet this article would tell you he has, and he's not followed through.

I agree with the majority of it though. Just wish that every time I read about ownership stuff on a WMS platform it didn't feel like they already had a hypothesis that was being told to me rather than letting me make my own mind up.

Just opinions of course. And I think there is a tonne of room for scepticism and as a result they're a healthy part of the fan base, especially from a fan media perspective.
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Ya know when you said that I thought of an interaction I had with Chris Wetherspoon. I’ve just worked out he’s wisemen say as well. He’s vehemently against satori, I’ve been questioning him on this as well !

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Southern A said:
It's very well written. I'm going to get pelters on this (I think most of them have blocked me on twitter anyway), but my issue with this article and the editorial process they've taken is that it leans massively on the side of scepticism rather than balance.

I mean just one thing in here - the author says its categoric that Sartori said he'd bring Uruguayan youngsters then didnt, and to "prove" it he quoted Stewart Donald saying Sartori would. Now clearly Sartori could have come out and denied it. But Sartori has never promised us anything. Yet this article would tell you he has, and he's not followed through.

I agree with the majority of it though. Just wish that every time I read about ownership stuff on a WMS platform it didn't feel like they already had a hypothesis that was being told to me rather than letting me make my own mind up.

Just opinions of course. And I think there is a tonne of room for scepticism and as a result they're a healthy part of the fan base, especially from a fan media perspective.
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Sunderland echo 14 Aug 2018 Sartori is quoted
https://www.pressreader.com/uk/sunderland-echo/20180814/282312500906406
 
TonyG said:
I hate to be pedantic about that article but it does say he “hopes” and “Imagine” and “plans”

it’s not the same as “I’m going to” for me
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remember his 'other career' as a politician, them feckers never openly promise anything, just lots of good sound bites for the public to hang onto. ;)
 
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KLD and JS are not the issues at safc. FFS KLD has literally got us out of this hell hole that we called league one for 5 year. They are aligned.

We need to be careful. It could be loads worse. KLD has proper people around him and frankly, this random and quick turn on him due this this crypto ****e that Tom has peddled is ridiculous. JS is a carry over from the madrox era I agree but he has actually made a couple of key interventions too. Sure Bob or someone else can elaborate of needed.
 
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Prehab26 said:
KLD and JS are not the issues at safc. FFS KLD has literally got us out of this hell hole that we called league one for 5 year. They are aligned.

We need to be careful. It could be loads worse. KLD has proper people around him and frankly, this random and quick turn on him due this this crypto ****e that Tom has peddled is ridiculous. JS is a carry over from the madrox era I agree but he has actually made a couple of key interventions too. Sure Bob or someone else can elaborate of needed.
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Probably a stupid question but any idea when we will have abit more clarity on who’s coming in? Gut feeling is crypto is a smokescreen but nothings ever straight forward with us
 
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