NG32 Posted June 19, 2017 Share Posted June 19, 2017 They are fast approaching Howard Wilkinson levels of destruction again. Link to post Share on other sites More sharing options...
Decky Posted June 19, 2017 Share Posted June 19, 2017 They could genuinely go down with Adams. Link to post Share on other sites More sharing options...
number9shirt Posted June 19, 2017 Share Posted June 19, 2017 Fulwell 73 produce the late late show with James Corden Link to post Share on other sites More sharing options...
Figures 1-0 Football Posted June 19, 2017 Share Posted June 19, 2017 Imagine having so much debt your whole club is worth less than Sissoko and Wijnaldum. Link to post Share on other sites More sharing options...
geordiedean Posted June 19, 2017 Share Posted June 19, 2017 They could genuinely go down with Adams. they could genuinely go down anyway Link to post Share on other sites More sharing options...
Scoot Posted June 19, 2017 Share Posted June 19, 2017 Just hope this keeps rolling on and on and on with nothing happening. The longer this goes on the more fucked they are next season. Link to post Share on other sites More sharing options...
NG32 Posted June 19, 2017 Share Posted June 19, 2017 Adams is shockingly bad. Link to post Share on other sites More sharing options...
Guest reefatoon 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. Link to post Share on other sites More sharing options...
geordiedean 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. not worth as much as a Kevin De Bruyne or maybe half a mbappe Link to post Share on other sites More sharing options...
LFEE 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. Link to post Share on other sites More sharing options...
Heron Posted June 19, 2017 Share Posted June 19, 2017 Less money to buy the club means more money to invest into it though...surely? Link to post Share on other sites More sharing options...
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...
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