ikri 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 So the club only has to find £25m before the season kicks off to fund previous awful spending and instead of having £35m parachute payment income as a buffer he'll likely have to give all of that to Short (and who knows how much in the future), plus they're still hemorrhaging money to pay for the shit players who got them into this mess? And the upside to all of this? They no longer have a billionaire owner to bankroll them if they struggle financially. They'll be in administration by September. Link to post Share on other sites More sharing options...
Benwell Lad Posted May 21, 2018 Share Posted May 21, 2018 Please correct me if I'm missing something here. Donald has bought the club for 40M from Short but doesn't have that kind of money so has arranged to finance his purchase using the remaining parachute payments as security. It sounds like a very strange arrangement. Shouldn't his finance arrangement be secured against something he owns rather than something which is SAFC's emergency blood transfusion ? It sounds very strange but a quite amazing deal for Stewart, although a very risky one for the football club who end up losing their major source of revenue to finance his purchase if it goes wrong. Short must have been absolutely desperate to get it off his hands. Link to post Share on other sites More sharing options...
Guest Howaythetoon Posted May 21, 2018 Share Posted May 21, 2018 It’s like he’s using the club’s money to buy the club because he has none. Now the club has none, but wait, it’s still losing money and will need money pumped in to keep it going. They seem delighted to be losing a billionaire for a pennyaire But it’s the DON, look at what he did at Eastleigh... I guarantee they will be damnding him gone by Xmas with gates under 10k and talk about bringing cookie back rucking hell Link to post Share on other sites More sharing options...
OCK Posted May 21, 2018 Share Posted May 21, 2018 He must have the same wallpaper as Mike Ashley. Link to post Share on other sites More sharing options...
Tiresias Posted May 21, 2018 Share Posted May 21, 2018 The parachute payments are pretty safe for Short to rely on to definitely come through. It's totally against the interests of the club though. If the Don can't afford to buy the club without them he can't afford to finance that squad for long. Link to post Share on other sites More sharing options...
Optimistic Nut Posted May 21, 2018 Share Posted May 21, 2018 They'll get mid 20-30k and absolutely stroll that division man. Link to post Share on other sites More sharing options...
Tiresias Posted May 21, 2018 Share Posted May 21, 2018 Said that last year But yes they very well may. I think they do need an overhaul though. That dressing room is famously toxic and they hardly looked capable of wiping their own arses in championship Link to post Share on other sites More sharing options...
Guest covmag Posted May 21, 2018 Share Posted May 21, 2018 i agree a massive club like Sunlun will walk that league. Sunluns a massive club ................. Link to post Share on other sites More sharing options...
Jackie Broon Posted May 21, 2018 Share Posted May 21, 2018 Please correct me if I'm missing something here. Donald has bought the club for 40M from Short but doesn't have that kind of money so has arranged to finance his purchase using the remaining parachute payments as security. It sounds like a very strange arrangement. Shouldn't his finance arrangement be secured against something he owns rather than something which is SAFC's emergency blood transfusion ? It sounds very strange but a quite amazing deal for Stewart, although a very risky one for the football club who end up losing their major source of revenue to finance his purchase if it goes wrong. Short must have been absolutely desperate to get it off his hands. It's not unusual for people to buy a business with a loan then transfer the liability for the loan to the business. It's what the Glazers did with Man United. Rather than being that type of circumstance it seems like it's just a roundabout way for Short to give the club away but take the parachute payments, they've probably done it like that for tax reasons or something. It really doesn't look good for them though, they're still going to be stuck with huge overheads for a few years and now their biggest income stream is gone. Link to post Share on other sites More sharing options...
Dokko Posted May 21, 2018 Share Posted May 21, 2018 They’ll live within their means for several years, which should see them mid table of the championship. Link to post Share on other sites More sharing options...
ED209 Posted May 21, 2018 Share Posted May 21, 2018 The new owner might as we have said "There is no magic money tree, I am skint" during his press conference. Link to post Share on other sites More sharing options...
KDT Posted May 21, 2018 Share Posted May 21, 2018 Apparently they still owe 25 million in transfer fees that are being paid by Donald as well this summer. Link to post Share on other sites More sharing options...
Guest Howaythetoon Posted May 21, 2018 Share Posted May 21, 2018 Did he arrive on a magic carpet? My mate’s reaction is of deep concern and it’s go up first time or they are fucked. I concur. Link to post Share on other sites More sharing options...
junkhead Posted May 21, 2018 Share Posted May 21, 2018 They come across pretty well tbh. A bit too chatty if anything but sound informed and their analysis of the mackems' plight has been spot on. It's a huge challenge to turn the club around get them promoted this season. For a start, they'll need 15 new players yet again in the summer. Will Cattermole, Rodwell continue to drain them? Will be interesting to see what happens. Apologies for posting a mackem podcast like. Link to post Share on other sites More sharing options...
Dave Posted May 21, 2018 Share Posted May 21, 2018 They'll get mid 20-30k and absolutely stroll that division man. Agree. Massive drop-off in quality and finances to League One, only have to look at how Wigan, Blackburn and Rotherham have got on this year. Link to post Share on other sites More sharing options...
Wallsendmag Posted May 21, 2018 Share Posted May 21, 2018 Not a chance they're getting 25-30k next season. Even when they won the Championship under Keyno they only averaged 30k and that was with a massive feel good factor going on and in a division higher than they will be next season. Agree that they'll piss that league. It's absolute dross. Link to post Share on other sites More sharing options...
afar Posted May 22, 2018 Share Posted May 22, 2018 Not a chance they're getting 25-30k next season. Even when they won the Championship under Keyno they only averaged 30k and that was with a massive feel good factor going on and in a division higher than they will be next season. Agree that they'll piss that league. It's absolute dross. They probably will like, 16,500 season tickets sold so far, that's not bad tbh. They'll probably get close to 20k before the start of the season, now since all this optimism has hit them. Then they'll start playing games and realise how crap that league is, they'll be winning virtually every week and they'll flock back. The following season is going to be the big test, it'll be the last of the parachute payments, financially they may need back to back promotions to survive as a club. https://www.readytogo.net/smb/threads/16-and-a-half-thousand-season-tickets-sold-so-far-says-donald.1431619/ Link to post Share on other sites More sharing options...
Wallsendmag Posted May 22, 2018 Share Posted May 22, 2018 Not a chance they're getting 25-30k next season. Even when they won the Championship under Keyno they only averaged 30k and that was with a massive feel good factor going on and in a division higher than they will be next season. Agree that they'll piss that league. It's absolute dross. They probably will like, 16,500 season tickets sold so far, that's not bad tbh. They'll probably get close to 20k before the start of the season, now since all this optimism has hit them. Then they'll start playing games and realise how crap that league is, they'll be winning virtually every week and they'll flock back. The following season is going to be the big test, it'll be the last of the parachute payments, financially they may need back to back promotions to survive as a club. https://www.readytogo.net/smb/threads/16-and-a-half-thousand-season-tickets-sold-so-far-says-donald.1431619/ Not a chance. At the end of the day there's a ceiling of how many fans will turn up to see them play the likes of Rochdale, Fleetwood and Accrington Stanley, and Sunderland fans traditionally go missing after a relegation (as I mentioned they only averaged 30k for their championship title winning season under Keane). Even if they sell 20k season tickets, which is doubtful as most people will have bought during the early bird period and the prices have been ramped up now, they'd still be relying on 10,000 people to rock up on a match by match basis to watch 3rd division football. I can't see it like. Link to post Share on other sites More sharing options...
Scoot Posted May 22, 2018 Share Posted May 22, 2018 Not a chance they're getting 25-30k next season. Even when they won the Championship under Keyno they only averaged 30k and that was with a massive feel good factor going on and in a division higher than they will be next season. Agree that they'll piss that league. It's absolute dross. They probably will like, 16,500 season tickets sold so far, that's not bad tbh. They'll probably get close to 20k before the start of the season, now since all this optimism has hit them. Then they'll start playing games and realise how crap that league is, they'll be winning virtually every week and they'll flock back. The following season is going to be the big test, it'll be the last of the parachute payments, financially they may need back to back promotions to survive as a club. https://www.readytogo.net/smb/threads/16-and-a-half-thousand-season-tickets-sold-so-far-says-donald.1431619/ They're already spoken for. Link to post Share on other sites More sharing options...
Paully Posted May 22, 2018 Share Posted May 22, 2018 Link to post Share on other sites More sharing options...
gdm Posted May 22, 2018 Share Posted May 22, 2018 ...in league one Link to post Share on other sites More sharing options...
Guest chopey Posted May 22, 2018 Share Posted May 22, 2018 My Makem mates are very concerned Link to post Share on other sites More sharing options...
Benwell Lad Posted May 22, 2018 Share Posted May 22, 2018 Brave words but just a tad OTT Charlie. The "greatest clubs in the world" don't do consecutive bottom place relegations (aka a Sunderland) or get deserted by half their fanbase in little over a year. I assume after that statement all of those useless has-beens on ridiculous Premier league wages will be tearing up their contracts for the benefit of the club. Good luck with that Link to post Share on other sites More sharing options...
Unbelievable Posted May 22, 2018 Share Posted May 22, 2018 Reading that you really sense they think like your average fan instead of like directors of a football club. The best players will just give tour club a wide berth and sign elsewhere and you will be left with plodders who are happy to be there and incapable of stepping up a gear. We won’t see them back in the Premier League for a long time going on that. Link to post Share on other sites More sharing options...
xLiaaamx Posted May 22, 2018 Share Posted May 22, 2018 Methven's a PR man. What your seeing there is Keith Bishop spin but he's just spouting it himself rather than having some paper do it for him. Link to post Share on other sites More sharing options...
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