Charlies Posted May 21, 2018 Share Posted May 21, 2018 @Scottwilsonecho Some key early points from Stewart Donald - he's agreed to pay £40m to buy #SAFC, and it's all his money. No other investors involved at the moment. He will have to pay around £25m of outstanding transfer funds this summer. 5:19 pm · 21 May 2018 Link to post Share on other sites More sharing options...
Unbelievable Posted May 21, 2018 Share Posted May 21, 2018 Short said in his statement this was the best of several offers for the future of the club (and presumably himself). Makes you wonder what the other offers were. They’re basically gambling on hitting the ground running and convincing others to get on board once their own money runs out (which won’t take long). I can’t imagine any bank or lender giving them a loan so without another major investor inside a year or two they could be in real trouble. Link to post Share on other sites More sharing options...
54 Posted May 21, 2018 Share Posted May 21, 2018 Link to post Share on other sites More sharing options...
KDT Posted May 21, 2018 Share Posted May 21, 2018 This ‘we start again’ thing is a load of bollocks as well. They’re currently losing massive amounts of money on a weekly basis, the debt being removed will not suddenly result in them being in the black given their ludicrous running costs. It’s hardly inspiring that he’s had to secure the clubs purchase either against their main source of income. Link to post Share on other sites More sharing options...
Minhosa Posted May 21, 2018 Share Posted May 21, 2018 @Scottwilsonecho Some key early points from Stewart Donald - he's agreed to pay £40m to buy #SAFC, and it's all his money. No other investors involved at the moment. He will have to pay around £25m of outstanding transfer funds this summer. 5:19 pm · 21 May 2018 There's a hell of a distinction between 'his money' and 'money he had raised'. Does he really have £40m? Link to post Share on other sites More sharing options...
Varadi Posted May 21, 2018 Share Posted May 21, 2018 @Scottwilsonecho Some key early points from Stewart Donald - he's agreed to pay £40m to buy #SAFC, and it's all his money. No other investors involved at the moment. He will have to pay around £25m of outstanding transfer funds this summer. 5:19 pm · 21 May 2018 There's a hell of a distinction between 'his money' and 'money he had raised'. Does he really have £40m? Think I read that he's paying it in instalments Link to post Share on other sites More sharing options...
gdm Posted May 21, 2018 Share Posted May 21, 2018 All this seems very much like the Craig Whyte debacle at Rangers. He bought the club with a Loan off ticketus which was basically a mortgage on future season tickets. We all know how that turned out? Link to post Share on other sites More sharing options...
Darth Crooks Posted May 21, 2018 Share Posted May 21, 2018 I'm sure mike would be thrilled to stick with us through and through at that level. Link to post Share on other sites More sharing options...
54 Posted May 21, 2018 Share Posted May 21, 2018 Link to post Share on other sites More sharing options...
Scoot Posted May 21, 2018 Share Posted May 21, 2018 This is all quite funny. Link to post Share on other sites More sharing options...
Benwell Lad Posted May 21, 2018 Share Posted May 21, 2018 Nothing in that to impress or excite any rational football supporter. But this is Sunderland of course and they are so desperate to be loved they will fall for anyone who says a few nice things about them. There's also a current logic amongst some of them that because they will have the league's biggest turnover they will win it, but wouldn't that have put them at the top end of the Championship rather than finishing rock bottom ? Link to post Share on other sites More sharing options...
Guest Howaythetoon Posted May 21, 2018 Share Posted May 21, 2018 Absolutely guarantee this bloke is a chancer and this will go tits up My thoughts too. Link to post Share on other sites More sharing options...
Ketsbaia Posted May 21, 2018 Share Posted May 21, 2018 Coleman would get them promoted, mind. Hope Ipswich come in for him and the mackems have to scrape around. Link to post Share on other sites More sharing options...
gdm Posted May 21, 2018 Share Posted May 21, 2018 Coleman would get them promoted, mind. Hope Ipswich come in for him and the mackems have to scrape around. I have my doubts that he would. Wales apart (which let’s be honest Gary Speed laid the foundations) he’s been a horrendous manager Link to post Share on other sites More sharing options...
afar Posted May 21, 2018 Share Posted May 21, 2018 Coleman would get them promoted, mind. Hope Ipswich come in for him and the mackems have to scrape around. I don't see any evidence in his history of management to suggest he would. Would be fantastic to see him return, great financially for him too, got a big pay off no doubt, now gets the chance to return perhaps on a better deal, as he holds most of the cards Link to post Share on other sites More sharing options...
Scoot Posted May 21, 2018 Share Posted May 21, 2018 Coleman would get them promoted, mind. Hope Ipswich come in for him and the mackems have to scrape around. Would he? Based on what exactly? Link to post Share on other sites More sharing options...
mrmojorisin75 Posted May 21, 2018 Share Posted May 21, 2018 fucking hell they're in bother Link to post Share on other sites More sharing options...
Fugazi Posted May 21, 2018 Share Posted May 21, 2018 I see this Coleman talk came about after Wilder accepted a new contract at Sheff Utd. Never wanted him anyway marra. Link to post Share on other sites More sharing options...
STM Posted May 21, 2018 Share Posted May 21, 2018 What a mess. Link to post Share on other sites More sharing options...
nufc4eva Posted May 21, 2018 Share Posted May 21, 2018 They all seem very happy with this takeover when he has bought them on Chucky, he's got no cash and will lose shit loads over this season. It doesn't add up given the amount they will lose year on year Link to post Share on other sites More sharing options...
Kimbo Posted May 21, 2018 Share Posted May 21, 2018 If you're literally starving a pot noodle looks amazing, I suppose. Sometimes there's a thin line between desperation and optimism. Link to post Share on other sites More sharing options...
TheHoob Posted May 21, 2018 Share Posted May 21, 2018 "Marrashewt payments" Just burst out laughing. Link to post Share on other sites More sharing options...
Bada Bing Posted May 21, 2018 Share Posted May 21, 2018 Disaster written all over this. Oh dear Link to post Share on other sites More sharing options...
Guest covmag Posted May 21, 2018 Share Posted May 21, 2018 the finances don't bother me, they are all expecting promotion next season. that alone will make it funny if they suddenly get off to a bad start. :naughty: Link to post Share on other sites More sharing options...
Tiresias Posted May 21, 2018 Share Posted May 21, 2018 Wait he is relying on them to get promoted for the sake of the finances If they rebuild the squad from scratch maybe, but clearing off those wages will be tough. Link to post Share on other sites More sharing options...
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