xLiaaamx Posted April 29, 2018 Share Posted April 29, 2018 Can see Russell Slade being their new manager. Link to post Share on other sites More sharing options...
morla84 Posted April 29, 2018 Share Posted April 29, 2018 Any word on how much of a loss he made on this deal? Link to post Share on other sites More sharing options...
Scoreboard82 Posted April 29, 2018 Share Posted April 29, 2018 Despite playing in a lower division I think gates will go up, given the fresh start and knowledge that there's some ambition there unfortunately. Do hope it goes tits up though. Link to post Share on other sites More sharing options...
ponsaelius Posted April 29, 2018 Share Posted April 29, 2018 Even with Cattermole and Rodwell etc eating up wages they will still have a wage budget that will dwarf every team in that league. Complete guesswork. Could as easily have just been bought by a consortium who’s major investor owns Eastleigh. It's not complete guesswork. Clubs in League One can only spend a maximum of 60% of their overall annual turnover on wages. Sunderland's turnover is 5 or 6 times most clubs down there, and 10 times in terms of some of the smaller teams, and they have the added bonus of being able to spend 75% of their income on wages as a relegated club from the Championship. Realistically based on the current contract situations it's only Cattermole and Rodwell who will be sitting around eating into the wage bill, leaving them a huge amount relatively to spend on building a team. League One clubs don't spend on transfer fees, which means they can outbid all the other sides down there for players in terms of wages. Unless Birmingham go down as well, they have no realistic rivals of a similar size. The only hope there was for them struggling down there was if they got stuck being unable to sell the club and were saddled with the debt. That's gone now and they have a whole summer to prepare. They will absolutely piss it. Link to post Share on other sites More sharing options...
Ketsbaia Posted April 29, 2018 Share Posted April 29, 2018 They've done this early and I think they can attract good League One players who see what Coleman initially saw in them. Link to post Share on other sites More sharing options...
Charlies Posted April 29, 2018 Share Posted April 29, 2018 They think its Staveley & some spanish bloke behind the consortium. Link to post Share on other sites More sharing options...
Chris_R Posted April 29, 2018 Share Posted April 29, 2018 Even with Cattermole and Rodwell etc eating up wages they will still have a wage budget that will dwarf every team in that league. Complete guesswork. Could as easily have just been bought by a consortium who’s major investor owns Eastleigh. It's not complete guesswork. Clubs in League One can only spend a maximum of 60% of their overall annual turnover on wages. Sunderland's turnover is 5 or 6 times most clubs down there, and 10 times in terms of some of the smaller teams, and they have the added bonus of being able to spend 75% of their income on wages as a relegated club from the Championship. Realistically based on the current contract situations it's only Cattermole and Rodwell who will be sitting around eating into the wage bill, leaving them a huge amount relatively to spend on building a team. League One clubs don't spend on transfer fees, which means they can outbid all the other sides down there for players in terms of wages. Unless Birmingham go down as well, they have no realistic rivals of a similar size. The only hope there was for them struggling down there was if they got stuck being unable to sell the club and were saddled with the debt. That's gone now and they have a whole summer to prepare. They will absolutely piss it. So you think they will do well by throwing large wages at players who only want to go to Sunderland for the money? Isn't that what's gotten them into this hole in the first place? I'm being slightly tongue-in-cheek mind, obviously having some financial clout is a benefit. I'm just cautioning that it's hardly a guaranteed route to success. Link to post Share on other sites More sharing options...
Big Geordie Posted April 29, 2018 Share Posted April 29, 2018 Surprising that Short has paid off the debt. But then again, turning Sunderland around from the car-crash that it's been for the last 5=6 years is going to take some doing. It's about changing the whole mentality of the club and that will take a good owner and a good manager who can get the fans back buying into the vision. That said, at least they've got shot of their moron for an owner. We are still stuck with ours and could be for many years yet. Link to post Share on other sites More sharing options...
morla84 Posted April 29, 2018 Share Posted April 29, 2018 In the statement he says the plan is to make them sustainable. First step will be to get rid of big earners and consolidate Link to post Share on other sites More sharing options...
ponsaelius Posted April 29, 2018 Share Posted April 29, 2018 Even with Cattermole and Rodwell etc eating up wages they will still have a wage budget that will dwarf every team in that league. Complete guesswork. Could as easily have just been bought by a consortium who’s major investor owns Eastleigh. It's not complete guesswork. Clubs in League One can only spend a maximum of 60% of their overall annual turnover on wages. Sunderland's turnover is 5 or 6 times most clubs down there, and 10 times in terms of some of the smaller teams, and they have the added bonus of being able to spend 75% of their income on wages as a relegated club from the Championship. Realistically based on the current contract situations it's only Cattermole and Rodwell who will be sitting around eating into the wage bill, leaving them a huge amount relatively to spend on building a team. League One clubs don't spend on transfer fees, which means they can outbid all the other sides down there for players in terms of wages. Unless Birmingham go down as well, they have no realistic rivals of a similar size. The only hope there was for them struggling down there was if they got stuck being unable to sell the club and were saddled with the debt. That's gone now and they have a whole summer to prepare. They will absolutely piss it. So you think they will do well by throwing large wages at players who only want to go to Sunderland for the money? Isn't that what's gotten them into this hole in the first place? I'm being slightly tongue-in-cheek mind, obviously having some financial clout is a benefit. I'm just cautioning that it's hardly a guaranteed route to success. No. They don't need to throw around huge money at all. The average League One player is on 2k a week ffs. Link to post Share on other sites More sharing options...
mrmojorisin75 Posted April 29, 2018 Share Posted April 29, 2018 didn't pardew do a good job at southampton in league one before he was sacked for non-football stuff? Link to post Share on other sites More sharing options...
1964 Posted April 29, 2018 Share Posted April 29, 2018 To be honest this is better than they could have ever hoped for but to run them as a ‘sustainable business’ will mean a good few years of consolidation. This is not a sheikh mansoor type buy out, it sounds more like a conglomerate of semi wealthy speculators. They will probably come up next year but I imagine they will be in the championship for a few years Link to post Share on other sites More sharing options...
astraguy Posted April 29, 2018 Share Posted April 29, 2018 No way has short just written off 100m plus no fucker would Link to post Share on other sites More sharing options...
LoveItIfWeBeatU Posted April 29, 2018 Share Posted April 29, 2018 No way has short just written off 100m plus no fucker would A Billionaire would if it was going to continue to cost him £0.5m a week with no end in sight. No point throwing good money after bad. Better to pay e.g. £150m now than £180m in a year. Link to post Share on other sites More sharing options...
Benwell Lad Posted April 29, 2018 Share Posted April 29, 2018 Even if the debt has been "cleared" by the outgoing owner I'm sure that any cautious fan would want to see the small print before getting too carried away about the future. A more realistic assessment of where they are may be that the club is not just worthless, but a huge amount has had to be paid to the owner of a mid table conference club for him to take it off his hands. Most of their underlying problems will remain, bloated overpaid squad, stadium and structure too big for their needs or means against the backdrop of going from Premier league income to League one income in two seasons. They may be jumping out of the frying pan straight into the fire. Link to post Share on other sites More sharing options...
Crumpy Gunt Posted April 29, 2018 Share Posted April 29, 2018 No way has short just written off 100m plus no fucker would I'd think repayments if they ever get back in the prem. Link to post Share on other sites More sharing options...
Dr Venkman Posted April 29, 2018 Share Posted April 29, 2018 Aye - agree with both of the last two posts. Gutted at this. Gutted They're in League 1, man. Link to post Share on other sites More sharing options...
cp40 Posted April 29, 2018 Share Posted April 29, 2018 Aye - agree with both of the last two posts. Gutted at this. Gutted They're in League 1, man. aye Link to post Share on other sites More sharing options...
Twinport53 Posted April 29, 2018 Share Posted April 29, 2018 That's "Mag on a forum" wrapped up for RTG tonight. Gutted ffs. Link to post Share on other sites More sharing options...
TooonDoom Posted April 29, 2018 Share Posted April 29, 2018 No way has short just written off 100m plus no fucker would I'd think repayments if they ever get back in the prem. Agreed. I’d guess the following are due to short: Parachute payments Outgoing transfers for current players (if any lol) Payments on performance over next few years It’s still good news mind. Link to post Share on other sites More sharing options...
ponsaelius Posted April 29, 2018 Share Posted April 29, 2018 Of course it's still funny as fuck that they're relegated, but it's undeniable they're in a far better apparent situation now than they were a day ago. Link to post Share on other sites More sharing options...
UncleBingo Posted April 29, 2018 Share Posted April 29, 2018 I think we need to see who the other backers are before making judgement, this bloke only has a net worth of about £8.5m or something, definitely more Moat than Mansoor. For all Short's faults, he had the financial clout to cover their losses, that has now disappeared. Also heard a rumour that all their assets (aol, sol, Charlie Hurley centre) are now owned by someone else and they're effectively tenants.....that could just be wishful thinking mind. Link to post Share on other sites More sharing options...
TooonDoom Posted April 29, 2018 Share Posted April 29, 2018 No way has short just written off 100m plus no fucker would I'd think repayments if they ever get back in the prem. Agreed. I’d guess the following are due to short: Parachute payments Outgoing transfers for current players (if any lol) Payments on performance over next few years It’s still good news mind. Fuck good news for them lol. Link to post Share on other sites More sharing options...
TooonDoom Posted April 29, 2018 Share Posted April 29, 2018 What did make me laugh is where this news was on the bbc sport site. Right down near the bottom. That shows how the neutral rates how big a story this is. 3rd tier club taken over and manager sacked. Who gives a fuck. Link to post Share on other sites More sharing options...
Matt Posted April 29, 2018 Share Posted April 29, 2018 Short has said he’d had higher offers- so clearly he’s not just given everything away for free. Link to post Share on other sites More sharing options...
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