BlackandWhite Posted May 31, 2018 Share Posted May 31, 2018 Can only think a man that rich is only interested in the losses Sunderland will make financially this year so he can get a little benefit from it with the right structure in place and use it against the profits of his company in the consortium group. Maybe there is a clause where he can increase his shareholding significantly if the scruffs ever do get back to the big time as well. Who knows. Link to post Share on other sites More sharing options...
Paully Posted June 1, 2018 Share Posted June 1, 2018 I've been away so I've just had a look on RTG - Jesus Christ :lol: The two gobshites have them wrapped round their fingers! I can't wait until it goes tits-up! The "only North East Club debt-free" patter too :lol: Link to post Share on other sites More sharing options...
Chris_R Posted June 1, 2018 Share Posted June 1, 2018 Relegated to the third division but they've won the NE Debt Free trophy. Absolute melts. Link to post Share on other sites More sharing options...
SteV Posted June 1, 2018 Share Posted June 1, 2018 I'm probably going to regret asking this but - if they still have to pay back Ellis Short £40m, how are they "debt free"? If it's the fact that it's (presumably?) interest free, how is that any different to we owe Ashley? Link to post Share on other sites More sharing options...
Guest reefatoon Posted June 1, 2018 Share Posted June 1, 2018 http://i68.tinypic.com/200ab8h.jpg Link to post Share on other sites More sharing options...
TK-421 Posted June 1, 2018 Share Posted June 1, 2018 http://i68.tinypic.com/200ab8h.jpg Link to post Share on other sites More sharing options...
OCK Posted June 1, 2018 Share Posted June 1, 2018 Link to post Share on other sites More sharing options...
robm Posted June 1, 2018 Share Posted June 1, 2018 I'm probably going to regret asking this but - if they still have to pay back Ellis Short £40m, how are they "debt free"? If it's the fact that it's (presumably?) interest free, how is that any different to we owe Ashley? The mackem logic is it's the owner who owes it not the club. The fact it's secured on the parachute payments seems to not count in their world. Link to post Share on other sites More sharing options...
Chris_R Posted June 1, 2018 Share Posted June 1, 2018 Mackematics rule #2739, iirc. Link to post Share on other sites More sharing options...
Matt Posted June 1, 2018 Share Posted June 1, 2018 The "only North East Club debt-free" patter too :lol: With the exception of NUFC of course. Form over substance. Link to post Share on other sites More sharing options...
geordiesteve710 Posted June 1, 2018 Share Posted June 1, 2018 Given that it's the 1st of the month presumably they've had to fund payments for wages, including Rodwells from somewhere over the last few days. "Debt-free" no longer me thinks!! Link to post Share on other sites More sharing options...
Dokko Posted June 1, 2018 Share Posted June 1, 2018 The owe £40m (that we know of) to a now external creditor guaranteed against their biggest income. Link to post Share on other sites More sharing options...
sleazy Posted June 1, 2018 Share Posted June 1, 2018 they also owe £25m in previous player purchases remember? and its due this summer. Debt free my arse Link to post Share on other sites More sharing options...
bhoywhonder Posted June 1, 2018 Share Posted June 1, 2018 It's a bit odd how when we were relegated and Rafa stayed on, bringing with him a sense of optimism that things would be actually ok, we were pilloried and ridiculed for having 'won relegation'. I say odd because, sensing their new-found optimism, you would almost think they too had 'won relegation'. I'm sure that can't be the case, as that would make the mackems massive hypocrites. Like saying how classy you are whilst celebrating paedo-fascists, racially abusing all in sight and taking a dump in your own ground. That couldn't happen. Of course, they've 'won relegation' twice in a row, so you know, relegation-winners-cup-winners. They're essentially being run by Trotter's Independent Traders at this point. dept free. FTM. Link to post Share on other sites More sharing options...
Guest Open_C Posted June 1, 2018 Share Posted June 1, 2018 Season cards marra How does that compare to last year? Link to post Share on other sites More sharing options...
Ketsbaia Posted June 1, 2018 Share Posted June 1, 2018 Ndong close to joining Torino for £6.6m, with £3.75m McNair bids turned down. Looks like they'll bring in quite a bit from sales - spend even a fifth of that and they'll fly back up. Bastards. Link to post Share on other sites More sharing options...
afar Posted June 1, 2018 Share Posted June 1, 2018 That's a pretty decent figure for a L1 club tbh, they'll break 20k (reported) on most matchdays. Not going to keep them re-entering debt like. Link to post Share on other sites More sharing options...
Wallsendmag Posted June 1, 2018 Share Posted June 1, 2018 Apparently 18,000 season tickets sold. So with all the hype, the feel good factor with a new owner and manager, not to mention the huge price cuts and virtually free kids tickets they've lost 4000 season ticket holders compared to last season. Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted June 1, 2018 Share Posted June 1, 2018 They are in League 2 like. Link to post Share on other sites More sharing options...
gdm Posted June 1, 2018 Share Posted June 1, 2018 Ndong close to joining Torino for £6.6m, with £3.75m McNair bids turned down. Looks like they'll bring in quite a bit from sales - spend even a fifth of that and they'll fly back up. Bastards. They still owe about treble that in transfer fees Link to post Share on other sites More sharing options...
Guest covmag Posted June 1, 2018 Share Posted June 1, 2018 our fans the fucking backslapping is hilarious, they still dont get how they have fallen. Link to post Share on other sites More sharing options...
Guest ElCid Posted June 1, 2018 Share Posted June 1, 2018 Apparently 18,000 season tickets sold. So with all the hype, the feel good factor with a new owner and manager, not to mention the huge price cuts and virtually free kids tickets they've lost 4000 season ticket holders compared to last season. Don't let facts get in the way - a nothing club with a almighty 'nobody' risk as manager and not a pot to piss in - they will not be anywhere near the top league for years. The two jokers will be looking to sell up within 24 months if they can actually keep up the payments that is, which I very much doubt. They are a laughable third division team and for all the talk they are going to piss the league - how did that work out again last year? Link to post Share on other sites More sharing options...
afar Posted June 1, 2018 Share Posted June 1, 2018 Ndong close to joining Torino for £6.6m, with £3.75m McNair bids turned down. Looks like they'll bring in quite a bit from sales - spend even a fifth of that and they'll fly back up. Bastards. They still owe about treble that in transfer fees How the hell did they get 6.6 for nDong ? That daylight robbery. Torino are stupid. Link to post Share on other sites More sharing options...
ikri Posted June 1, 2018 Share Posted June 1, 2018 Apparently 18,000 season tickets sold. Not sure that will even cover Cattermole & Rodwell's wages Link to post Share on other sites More sharing options...
Guest ElCid Posted June 1, 2018 Share Posted June 1, 2018 Apparently 18,000 season tickets sold. Not sure that will even cover Cattermole & Rodwell's wages They won't and you can add a few more to that also who are on money not sustainable for a third division club. They will have massive costs for a third division team which will not provide the revenue to maintain them and let's not forget that they still owe Short 40 million (and don't give me this shit that the 2 new owners are going to pay that and not the parachute payments) and the fact they still owe millions in outstanding transfer payments. Their season ticket prices are rock bottom and are still lower currently than last year so no additional revenue there either. If these 2 jokers are still at the club in 24 months I will be amazed. Link to post Share on other sites More sharing options...
Recommended Posts