LRD Posted June 19, 2017 Share Posted June 19, 2017 Is the club only going for £50m? Christ, whoever is going to come in and pay that will not be the kind of owners who will have them back with the big boys. Will be some crazy tramps like the Venky's. Joke of a club. Apparently Short wants £90m and Germans only offering £40m. Did they compromise on 51m? Link to post Share on other sites More sharing options...
sbnufc Posted June 19, 2017 Share Posted June 19, 2017 (Tony) Adams, currently Granada's sporting director, is thought to have been offered a role in the new set-up. Oh please As an investor, not manager Link to post Share on other sites More sharing options...
gdm Posted June 19, 2017 Share Posted June 19, 2017 (Tony) Adams, currently Granada's sporting director, is thought to have been offered a role in the new set-up. Oh please As an investor, not manager The times reckon manager https://www.thetimes.co.uk/edition/sport/fans-consortium-approaches-adams-to-be-sunderland-manager-mf9vg0h8d Link to post Share on other sites More sharing options...
Troll Posted June 19, 2017 Share Posted June 19, 2017 Chairman/manager would be good, they've had success with that in the past. Link to post Share on other sites More sharing options...
Pilko Posted June 19, 2017 Share Posted June 19, 2017 Bally not installed as manager yet? Howeh, get him a nice three year contract and give him the wheese keys. Link to post Share on other sites More sharing options...
Guest Howaythetoon Posted June 19, 2017 Share Posted June 19, 2017 Good on them (the mackems) if they are trying to buy their club, I'd love NUFC to be fan owned. Are they really up for sale at £90m? On the surface that's a decent price, but to become an established PL club which they were, even if they were fighting relegation every season, requires that 3 or so times over. We spent 80m and went down. We spent less than that NET to get promoted, become the Entertainers and almost win the PL under KK. The PL money madness really needs to stop. Again good luck to the fans trying to buy their club, I'd support that 100% even as a Toon fan. It would actually be interesting to see how that would go if it did happen. Link to post Share on other sites More sharing options...
gdm Posted June 19, 2017 Share Posted June 19, 2017 Good on them (the mackems) if they are trying to buy their club, I'd love NUFC to be fan owned. Are they really up for sale at £90m? On the surface that's a decent price, but to become an established PL club which they were, even if they were fighting relegation every season, requires that 3 or so times over. We spent 80m and went down. We spent less than that NET to get promoted, become the Entertainers and almost win the PL under KK. The PL money madness really needs to stop. Again good luck to the fans trying to buy their club, I'd support that 100% even as a Toon fan. It would actually be interesting to see how that would go if it did happen. Not sure what you've been reading but It just seems to be a few wealthy businessmen that happen to support Sunderland. Much like SJH/FS owning Newcastle. Not really fan owned in that the fans as a group have any say. Link to post Share on other sites More sharing options...
Nobody Posted June 19, 2017 Share Posted June 19, 2017 Good on them (the mackems) if they are trying to buy their club, I'd love NUFC to be fan owned. Are they really up for sale at £90m? On the surface that's a decent price, but to become an established PL club which they were, even if they were fighting relegation every season, requires that 3 or so times over. We spent 80m and went down. We spent less than that NET to get promoted, become the Entertainers and almost win the PL under KK. The PL money madness really needs to stop. Again good luck to the fans trying to buy their club, I'd support that 100% even as a Toon fan. It would actually be interesting to see how that would go if it did happen. Not sure what you've been reading but It just seems to be a few wealthy businessmen that happen to support Sunderland. Much like SJH/FS owning Newcastle. Not really fan owned in that the fans as a group have any say. Imagine the car crash if the RTG lot had a say in the running of the club Link to post Share on other sites More sharing options...
Guest Howaythetoon Posted June 19, 2017 Share Posted June 19, 2017 Good on them (the mackems) if they are trying to buy their club, I'd love NUFC to be fan owned. Are they really up for sale at £90m? On the surface that's a decent price, but to become an established PL club which they were, even if they were fighting relegation every season, requires that 3 or so times over. We spent 80m and went down. We spent less than that NET to get promoted, become the Entertainers and almost win the PL under KK. The PL money madness really needs to stop. Again good luck to the fans trying to buy their club, I'd support that 100% even as a Toon fan. It would actually be interesting to see how that would go if it did happen. Not sure what you've been reading but It just seems to be a few wealthy businessmen that happen to support Sunderland. Much like SJH/FS owning Newcastle. Not really fan owned in that the fans as a group have any say. Ah, just reading about this on here. In that case crash and burn Link to post Share on other sites More sharing options...
UncleBingo Posted June 19, 2017 Share Posted June 19, 2017 Good on them (the mackems) if they are trying to buy their club, I'd love NUFC to be fan owned. Are they really up for sale at £90m? On the surface that's a decent price, but to become an established PL club which they were, even if they were fighting relegation every season, requires that 3 or so times over. We spent 80m and went down. We spent less than that NET to get promoted, become the Entertainers and almost win the PL under KK. The PL money madness really needs to stop. Again good luck to the fans trying to buy their club, I'd support that 100% even as a Toon fan. It would actually be interesting to see how that would go if it did happen. Not sure what you've been reading but It just seems to be a few wealthy businessmen that happen to support Sunderland. Much like SJH/FS owning Newcastle. Not really fan owned in that the fans as a group have any say. My sources are telling me that the lead investor is Uncal Mick, who has just won the pools. Link to post Share on other sites More sharing options...
Unbelievable Posted June 19, 2017 Share Posted June 19, 2017 Presumably the £90 million Short is looking for excludes outstanding external debt of £141 million (2016), which consists of £58 million owed to Short (Drumaville) and £83 million owed to Security Bank Corporation (SBC), the latter of which expires on 27 August 2019 and carries an interest rate of 7.5% plus LIBOR? Mind you, the asking price is less than the £101 million part of the debt Short has converted into equity in recent years (all numbers from a 2016 Swiss Ramble analysis). At first glance £90 million looks quite cheap for them, but you're probably looking at the best part of a quarter of a billion if you include their debt, and than there's the vast losses they will continue to incur year on year, even more so if they can't bounce straight back up, and the investment needed in their playing squad to turn their fortunes around. I expect most investors attracted by the reasonable asking price will run a mile when they dig a little deeper. Link to post Share on other sites More sharing options...
shintonsghost Posted June 19, 2017 Share Posted June 19, 2017 Good on them (the mackems) if they are trying to buy their club, I'd love NUFC to be fan owned. Are they really up for sale at £90m? On the surface that's a decent price, but to become an established PL club which they were, even if they were fighting relegation every season, requires that 3 or so times over. We spent 80m and went down. We spent less than that NET to get promoted, become the Entertainers and almost win the PL under KK. The PL money madness really needs to stop. Again good luck to the fans trying to buy their club, I'd support that 100% even as a Toon fan. It would actually be interesting to see how that would go if it did happen. mackem Link to post Share on other sites More sharing options...
cp40 Posted June 19, 2017 Share Posted June 19, 2017 Good on them (the mackems) if they are trying to buy their club, I'd love NUFC to be fan owned. Are they really up for sale at £90m? On the surface that's a decent price, but to become an established PL club which they were, even if they were fighting relegation every season, requires that 3 or so times over. We spent 80m and went down. We spent less than that NET to get promoted, become the Entertainers and almost win the PL under KK. The PL money madness really needs to stop. Again good luck to the fans trying to buy their club, I'd support that 100% even as a Toon fan. It would actually be interesting to see how that would go if it did happen. Not sure what you've been reading but It just seems to be a few wealthy businessmen that happen to support Sunderland. Much like SJH/FS owning Newcastle. Not really fan owned in that the fans as a group have any say. Imagine the car crash if the RTG lot had a say in the running of the club please let this happen, blow all their budget on getting FTM on every seat and bally as manager. Link to post Share on other sites More sharing options...
Paully Posted June 19, 2017 Share Posted June 19, 2017 Presumably the £90 million Short is looking for excludes outstanding external debt of £141 million (2016), which consists of £58 million owed to Short (Drumaville) and £83 million owed to Security Bank Corporation (SBC), the latter of which expires on 27 August 2019 and carries an interest rate of 7.5% plus LIBOR? Mind you, the asking price is less than the £101 million part of the debt Short has converted into equity in recent years (all numbers from a 2016 Swiss Ramble analysis). At first glance £90 million looks quite cheap for them, but you're probably looking at the best part of a quarter of a billion if you include their debt, and than there's the vast losses they will continue to incur year on year, even more so if they can't bounce straight back up, and the investment needed in their playing squad to turn their fortunes around. I expect most investors attracted by the reasonable asking price will run a mile when they dig a little deeper. Exactly! Short must despise Quinn for how much he's spunked on them! The grief he gets off their fans for apparently not spending is crackers! Link to post Share on other sites More sharing options...
shintonsghost Posted June 19, 2017 Share Posted June 19, 2017 Could these go down to div 1 ?? Im beginning to dream Link to post Share on other sites More sharing options...
Exiled in Texas Posted June 19, 2017 Share Posted June 19, 2017 The FTM crowd (FreeTicketMarras) won't pay $12 to watch them live. How are they going to expect them to find £50M to buy the club Sent from my iPhone using Tapatalk Link to post Share on other sites More sharing options...
Stifler Posted June 19, 2017 Share Posted June 19, 2017 The FTM crowd (FreeTicketMarras) won't pay $12 to watch them live. How are they going to expect them to find £50M to buy the club Sent from my iPhone using Tapatalk It's already been said. This isn't a group of supporters buying them, this is a few businessmen, 2 of which happen to be supporters. Link to post Share on other sites More sharing options...
Teasy Posted June 19, 2017 Share Posted June 19, 2017 £90m doesn't sound like a good deal to me like. I mean their revenue isn't impressive outside of Premier League money. Ticket money is pitiful considering the capacity of the stadium and TV money is over two 3rds of their revenue. Also wages are through the roof. I think if they had no debt £90m might be a ok price, but as it is they're swimming in it and have to pay £8m a year just on interest alone. Link to post Share on other sites More sharing options...
afar Posted June 20, 2017 Share Posted June 20, 2017 £90m doesn't sound like a good deal to me like. I mean their revenue isn't impressive outside of Premier League money. Ticket money is pitiful considering the capacity of the stadium and TV money is over two 3rds of their revenue. Also wages are through the roof. I think if they had no debt £90m might be a ok price, but as it is they're swimming in it and have to pay £8m a year just on interest alone. They had a net debt of 110 million in 2016, not sure how much is owed to the owner and how much to the bank. If Short is selling the club for 90 million and expecting all his loans repaid then it's 200 million for a champ club, with pathetic revenue, high wage bill, unfit for purpose squad and of course no manager. It's a rotten deal and no one should touch it. I doubt these rich fans have that sort of wedge, let alone access to the funds that they will need to operate the club. Whoever buys it the fans will need to hope they either strike it lucky with a crazy billionaire or more realistically Short decides it more trouble than it's worth and sells it for 40 - 50 million and wipes out his loans. Other than that their best hope maybe that Short has a change of heart and says "fuck it, I'm going to fund a big spending spree to get back up, then sell up when I get to the promised land", not likely to happen especially since he's been trying to sell the pile of crap for a while now without success. Link to post Share on other sites More sharing options...
madras Posted June 20, 2017 Share Posted June 20, 2017 £90m doesn't sound like a good deal to me like. I mean their revenue isn't impressive outside of Premier League money. Ticket money is pitiful considering the capacity of the stadium and TV money is over two 3rds of their revenue. Also wages are through the roof. I think if they had no debt £90m might be a ok price, but as it is they're swimming in it and have to pay £8m a year just on interest alone. They had a net debt of 110 million in 2016, not sure how much is owed to the owner and how much to the bank. If Short is selling the club for 90 million and expecting all his loans repaid then it's 200 million for a champ club, with pathetic revenue, high wage bill, unfit for purpose squad and of course no manager. It's a rotten deal and no one should touch it. I doubt these rich fans have that sort of wedge, let alone access to the funds that they will need to operate the club. Whoever buys it the fans will need to hope they either strike it lucky with a crazy billionaire or more realistically Short decides it more trouble than it's worth and sells it for 40 - 50 million and wipes out his loans. Other than that their best hope maybe that Short has a change of heart and says "f*** it, I'm going to fund a big spending spree to get back up, then sell up when I get to the promised land", not likely to happen especially since he's been trying to sell the pile of crap for a while now without success. He'll do a Lerner. He'll take a hit just to get out. Link to post Share on other sites More sharing options...
Exiled in Texas Posted June 20, 2017 Share Posted June 20, 2017 The FTM crowd (FreeTicketMarras) won't pay $12 to watch them live. How are they going to expect them to find £50M to buy the club Sent from my iPhone using Tapatalk It's already been said. This isn't a group of supporters buying them, this is a few businessmen, 2 of which happen to be supporters. Yeah I guessed that I still cannot see how anyone would consider SAFC a business investment that would return a profit. I love how the RTGers foaming at the mouth that the new investors will come in an immediately drop 15-30M on a business that loses money, and yet they won't shell out any $$ on ticket fees. If I was coming in as an investor, I would index link the player investment to match day revenue increases, so the more that the fans pay extra for their matches, the more the owner investment is. Link to post Share on other sites More sharing options...
Figures 1-0 Football Posted June 20, 2017 Share Posted June 20, 2017 Sky seem to think a deal could be agreed to sell the club by the end of the week. Link to post Share on other sites More sharing options...
Guest reefatoon Posted June 20, 2017 Share Posted June 20, 2017 If these supporters are not fucking loaded then they will be on a hiding to nothing. Link to post Share on other sites More sharing options...
shintonsghost Posted June 20, 2017 Share Posted June 20, 2017 Still nn manager, still no signing Link to post Share on other sites More sharing options...
Paully Posted June 20, 2017 Share Posted June 20, 2017 Even Louise is sticking the boot in! https://www.theguardian.com/football/blog/2017/jun/20/sunderland-10-years-relegated-championship Link to post Share on other sites More sharing options...
Recommended Posts