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FPP to take full control

Discussion in 'Sunderland' started by Whiteleas Wanderer, Jan 19, 2020.

  1. Nathan Brazil

    Nathan Brazil Well-Known Member

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    So not 'The Realist", then, more like 'The Pessimist'
     
    #1081
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  2. Kittenmittons

    Kittenmittons Well-Known Member

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    Unless they're setting up another company, it would fly in the face of the advice they'd get from the big 4 over here, and we know they did engage one of them.

    I feel more nervous putting my mrs's rep on the line than mine :D
     
    #1082
  3. Wackyjacky

    Wackyjacky Well-Known Member

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    Obviously I don't know the ins and outs but dunno why they would dissolve one just to open another?
     
    #1083
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  4. SAFC2403

    SAFC2403 Well-Known Member

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    He's definately not a mag - hes just a wind up merchant who gets people biting like **** at his posts.
     
    #1084
  5. Kittenmittons

    Kittenmittons Well-Known Member

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    She couldn't think of a good reason. She also said that FPP Ltd wouldn't have been set up as a flyer or by accident, it was deliberately set up for this on the advice of people paid to make sure it was the right way to do it, and she can't think of a reason to close it if that process is still going on. Even if they were adding more companies to their group.

    She didn't say but I suspect she'd add that she doesn't know the ins and outs of this particular deal and I'm not bugging her with it now, she has 7 deals including a Premier League club refinancing to handle.
     
    #1085
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  6. Guinness Guzzler

    Guinness Guzzler Well-Known Member

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    What about the idea of closing it simply because they can buy Madrox instead now? A holding company already set up that has the loan against it. Its straw clutching like but them buying Madrox is the only alternative to them being gone. Like you say there's no reason why they'd close FPP Sunderland just to open another company to buy it through, so either they buy Madrox for some reason related to the loan or they're gone and god knows who we end up with!
     
    #1086
  7. Kittenmittons

    Kittenmittons Well-Known Member

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    Sadly not. They'd have been advised to buy Madrox with another UK company, not simply become shareholders.

    Basically separation of person/company A/ Target company seems to be a big thing they would be advising.
     
    #1087
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  8. Wackyjacky

    Wackyjacky Well-Known Member

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    But wouldn't that mean buying it with the US company which she says is not really feasible, or they'd set up another UK company to buy Madrox but no point in closing this one to do that. Unfortunately, I think it's the end of the road with FPP.
     
    #1088
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  9. Kittenmittons

    Kittenmittons Well-Known Member

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    I think she agrees with that. I feel like just adding that she's not a US tax specialist, and she hasn't seen the situation in any detail. But she said that the only reason they would advise to close it would be if they weren't going ahead, or if they had taken over ages ago and restructuring their group for tax purposes.
     
    #1089
  10. FulwellBri

    FulwellBri Well-Known Member

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    Y
    Yeah has got a lot of clout in business.
    His views on Huawei will really resonate
     
    #1090

  11. FulwellBri

    FulwellBri Well-Known Member

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    I have no doubt we will be taken over, dont know when or who but it will happen.
    Football is the new Hollywood and apart from maybe the usa the world cant get enough and especially the british version.
    All I ask ( and reasonably expect ) is the EFL does it's due diligence and ensures who ever is poking and prodding around passes the fit and proper person(s) criteria.
    I dont want any more flyboy, tyre kicking chancers whose personality and negotiating skills have been honed from the pages of 20th century autotrader.
    While it was nice to dream there was never a chance we would end up the ne version of city on steroids.
    Even if we got new owners next week I believe it will take at least another 5 years before premier league stability would ever be possible.
    Clubs can have short term success ..look at sheff utd at the moment, but I believe it will be short lived.
    Bournemouth and WHU are looking very poorly. Watford, Southampton, brighton are all having to punch above their weight to keep their head above water.
    In short if you arent part of the big 6 or 7 you are always on the cusp of being dragged into a relegation stoush.
    Fans expect money to be spent based upon the Aladdin's cave of EPL television rights.
    Fact is you need tv money just to pay things like wages and other operating costs.
    People need to get a sense of perspective and reality
     
    #1091
  12. Nig

    Nig Well-Known Member

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    No offence mate but im glad i turn up for work knowing exactly what i have to do and can overcome any obstacles by working out what the problem is and overcoming it,

    White collar workers for fook sake,
    Chancers.
     
    #1092
  13. Sam Handwich

    Sam Handwich Well-Known Member

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    Not in League One mate. It's our only real source of income now
     
    #1093
  14. Blyth_bucaneer

    Blyth_bucaneer Well-Known Member

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    Trump I mean.
     
    #1094
  15. SnakeEyes

    SnakeEyes Well-Known Member

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    If FPP have left the table. I'm sure Donald will be along soon to blame it all on us and tell us he told us so.
     
    #1095
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  16. Toddius

    Toddius Active Member

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    God he's a misery - every time I see that avatar I skip the post.
     
    #1096
  17. FulwellBri

    FulwellBri Well-Known Member

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    Phil 'every silver lining has a cloud'.
    Him and stevie suicide 30000 get away with murder.
    Must be pics of them bucking pancho knocking around
     
    #1097
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  18. Comfy

    Comfy Well-Known Member

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    I think everyone but him knew who you meant.
     
    #1098
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  19. wtdog

    wtdog Well-Known Member

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    Loads of words, nothing offered. Isnt senality terrible.
     
    #1099
  20. Porterfield73

    Porterfield73 Well-Known Member

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    it is if you spell it right
     
    #1100
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