ToonTastic Posted April 29, 2018 Share Posted April 29, 2018 Pretty sure some of the club's sales this season will have paid down the debts a fair bit owed to Short. Link to post Share on other sites More sharing options...
NG32 Posted April 29, 2018 Share Posted April 29, 2018 Bewm and the debt is gone. Link to post Share on other sites More sharing options...
xLiaaamx Posted April 29, 2018 Share Posted April 29, 2018 They'll still have to work incredibly quick and hard to stop losing money like. They could easily slip back into more debt. Link to post Share on other sites More sharing options...
Shearergol 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. Are they? 4 or 5 years ago maybe. Link to post Share on other sites More sharing options...
Optimistic Nut Posted April 29, 2018 Share Posted April 29, 2018 Aye, I'll be putting Sunderland for League One winners next season. Link to post Share on other sites More sharing options...
wormy Posted April 29, 2018 Share Posted April 29, 2018 What a reply. Link to post Share on other sites More sharing options...
Guest Howaythetoon Posted April 29, 2018 Share Posted April 29, 2018 These new owners will not have the required money to invest what is needed to take them back to the Premier League which will cost tens of millions no doubt and maybe even more. Just look at what Villa have spent and Wolves. The Championship is only going to get even more competitive year by year. At least with Short they had someone who could afford to invest if he so chose, it’s only this season where he has decided against that. I’m convinced these new owners are in it because they’ve picked up a club for next to nowt and will try and flip it over if they get back into the Championship. They will spend some money, but not enough to get them back up automatically and within a season. Link to post Share on other sites More sharing options...
xLiaaamx Posted April 29, 2018 Share Posted April 29, 2018 Imagine if they got someone even worse man, an absolute chancer who just wants a club with a big stadium but has no money or knowledge of running a club of that size. Sure Eastleigh provides all the experience. Link to post Share on other sites More sharing options...
Dave Posted April 29, 2018 Share Posted April 29, 2018 What a reply. Link to post Share on other sites More sharing options...
Guest Howaythetoon Posted April 29, 2018 Share Posted April 29, 2018 If it’s a consortium of people they will be looking at an exit strategy and getting a few quid more on top of what they’ve put In. Minimal investment/maximum return. I can see this ending badly just from a business perspective. Link to post Share on other sites More sharing options...
Benwell Lad Posted April 29, 2018 Share Posted April 29, 2018 They're getting very excited about a deal which is essentially giving their club away to a bloke with a mediocre record in non league football. At least Short had enough money to cover the operational losses and they won't be going away any time soon. Link to post Share on other sites More sharing options...
NUFC Posted April 29, 2018 Share Posted April 29, 2018 Been working out probable opponents for them for next season, so much dross teams and a hell a lot of travelling probably midweek too 14 confirmed League 1 teams for 18/19 Accrington Stanley (Promoted from League 2) Blackpool Bradford Bristol R Doncaster Fleetwood Gillingham Luton (Promoted from League 2) Oxford Peterborough Portsmouth Southend Sunderland (Relegated from Championship) Wycombe (Promoted from League 2) 2 Relegated from Championship (Bolton, Burton, Barnsley, Birmingham or Reading) Survivor from League 1 relegation battle (Rochdale, Oldham, AFC Wimbledon or Walsall) Losers of the League 1 playoffs: Shrewsbury, Rotherham and two from Charlton, Scunthorpe or Plymouth Plus the League 2 Playoff winner: Exeter & Notts Co plus two from Coventry, Lincoln, or Mansfield Link to post Share on other sites More sharing options...
Sima Posted April 29, 2018 Share Posted April 29, 2018 fair to say they've took that tweet pretty well, judging by the replies The consensus on RTG is that Jordan knows what he is talking about as he consistently slates us. Let’s see if that holds up... Link to post Share on other sites More sharing options...
Robster Posted April 29, 2018 Share Posted April 29, 2018 I wouldn't pay attention to anything that prick says. Link to post Share on other sites More sharing options...
Twinport53 Posted April 29, 2018 Share Posted April 29, 2018 Orange tinted twat and wotsit Link to post Share on other sites More sharing options...
nemtizz Posted April 29, 2018 Share Posted April 29, 2018 Sleeping giant iyam Link to post Share on other sites More sharing options...
Kimbo Posted April 29, 2018 Share Posted April 29, 2018 It sounds to me like people with not much money will be taking over a club that will probably make large losses for the next few years, it could be a disaster for everyone involved. I'm making assumptions though. Link to post Share on other sites More sharing options...
Numbers Posted April 29, 2018 Share Posted April 29, 2018 Sold to the stupidest bidder tbh. I'll clear the debts but you're still royally fucked. Link to post Share on other sites More sharing options...
mrmojorisin75 Posted April 30, 2018 Share Posted April 30, 2018 What a reply. incredible Link to post Share on other sites More sharing options...
Cronky Posted April 30, 2018 Share Posted April 30, 2018 The consortium will have their eyes on the Premiership riches, and may consider that worth the investment over the next two or three seasons. But if they get there, then what. It'll still be a struggle to stay there. And if they get in trouble, a consortium is more likely to put them into administration than wipe out the debt. Link to post Share on other sites More sharing options...
Altamullan Posted April 30, 2018 Share Posted April 30, 2018 Surprised if people are genuinely disappointed that they have/are about to be sold. Firstly, change of ownership is risky, could just as well be out of the frying pan into the fire and we’d hardly be thrilled with the Peckham International Trading Company ‘portfoilo’ (Oxford, Eastleigh, Sunlun) if they were buying us. Secondly, they are going to be in the third tier, man. Again. Who cares and good luck to them. They’re irrelevant. Link to post Share on other sites More sharing options...
Odear Posted April 30, 2018 Share Posted April 30, 2018 A consortium which is treading water with a club in the conference with a shitty 2k seat stadium have suddenly become ambitious? It doesn’t add up. The fans will think this is their new dawn but once the realities set in that they’ve lost a very wealthy owner who could easily have kept them as a stable PL club if he wasn’t clueless. This new crowd? They’ll try to run it sensibly but what if they don’t get out of League 1 first time? It seems like a massive gamble for a group that could be in way over their heads. Ellis might also have deferred payments on the debt if the club meet certain conditions (i.e PL money) Link to post Share on other sites More sharing options...
Optimistic Nut Posted April 30, 2018 Share Posted April 30, 2018 It's the people behind him apparently. Link to post Share on other sites More sharing options...
Incognito Posted April 30, 2018 Share Posted April 30, 2018 It's the people behind him apparently. Ideal for such a pantomime club. Link to post Share on other sites More sharing options...
Altamullan Posted April 30, 2018 Share Posted April 30, 2018 It's the people behind him apparently. Ideal for such a pantomime club. nice one Link to post Share on other sites More sharing options...
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