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FPP to take full control

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

  1. Robertson

    Robertson Well-Known Member

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    Cheers for the insight, Bob.

    Price wasn't an issue originally then? It's also unlikely that a hidden financial whole was the reason, as I doubt that it would take them until the last minute to find.

    It seems to point to the goalposts being moved. Probably by Donald, but it's possible that Methven or Sartori threw a spanner in the works as well.

    Something like Donald wanted to retain a 5% stake but changed his mind and wanted to keep more.

    Edit:

    Another possible reason, that was floating around at the time iirc, was that Donald had a change of heart and decided if FPP didn't want him to run the club then he didn't want to sell.
     
    #6221
    Last edited: Jul 10, 2020
  2. Brainman

    Brainman Well-Known Member

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    You hate being wrong don't you?
    <laugh><laugh><laugh>
     
    #6222
  3. MorpethThings

    MorpethThings Active Member

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    I was told early on that an incentive payout based on getting to the PL was inserted by the seller, but not agreed upon. Why would the buyer agree to this when it is their money used to get there? ‍♂️
     
    #6223
  4. Bob Cheval

    Bob Cheval Well-Known Member

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    Exactly.
     
    #6224
  5. Bob Cheval

    Bob Cheval Well-Known Member

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    Donald owned 74% of the equity so would have to have been an amazingly large spanner by either of the others.
     
    #6225
  6. Robertson

    Robertson Well-Known Member

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    I'd guess that the incentive payout clause was attempted during the last stage of the deal?
     
    #6226
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  7. Smug in Boots

    Smug in Boots Well-Known Member

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    That's exactly right from the information I was given.

    Donald insisted on substantial bonuses for subsequent promotions after having sold the club.

    I posted that info before it was ever mentioned elsewhere.

    Donald had the opportunity to sell the club to FPP, for a profit, but knew the potential of this club.

    We had a wonderful opportunity and Donald threw it away through greed ...

    ... that's a fact.
     
    #6227
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  8. Confucius

    Confucius Well-Known Member

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    If he has threw it away, I hope it’s a boomerang mate, I detest the man and he needs to **** off.
     
    #6228
  9. Wor Giacchi

    Wor Giacchi Well-Known Member

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    I hate to have to press 'like' on this stuff but I believe this 100%.. Donald has certainly got what he set out to do... go down in SAFC folklore.
     
    #6229
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  10. Kittenmittons

    Kittenmittons Well-Known Member

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    I mean right now, like I said, it's he said/she said. Nobody is right or wrong until it all comes out in the wash.
     
    #6230

  11. Smug in Boots

    Smug in Boots Well-Known Member

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    Ross was introduced to the 'new owners' Bob ...

    ... that was planned by Donald, not just a wild slip of the tongue.

    People can claim all kinds of reasons for it but they're all nonsense.

    Donald believed he'd sold the club.
     
    #6231
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  12. Kittenmittons

    Kittenmittons Well-Known Member

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    And yet Bob's inside knowledge was that back in November, Donald wasn't holding up any deal...
     
    #6232
  13. Rhinos Legend

    Rhinos Legend Well-Known Member

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    This makes me feel sick :emoticon-0119-puke:. To think what could of been :emoticon-0106-cryin
     
    #6233
  14. rooch 3

    rooch 3 Well-Known Member

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    Hold on mate I’ll get the bucket <ok>
     
    #6234
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  15. Northumberland Rocks

    Northumberland Rocks Well-Known Member

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    I have tried to keep an open mind on the owners and certainly dont like the personal abuse on what now appears family members on social media.

    However, I think an issue throughout this period has been the silence from FFP. If this is the scenario as you say FFP should let it be known as I think it would change things very quickly.

    For the good of everyone we need to know FFPs intentions are as the the club is dying in front of eyes imho. This can not be good for the owners or any potential owners and certainly is depressing for us fans.

    Not doubting you by the way marra.
     
    #6235
  16. Guinness Guzzler

    Guinness Guzzler Well-Known Member

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    You're absolutely spot on. Currently we don't really know whether to withhold season card money etc from Donald because we don't know if FPP want us. If they do then we starve him of funds and, as he can't sell to anyone without their say so whilst the loan is there, we can force him into their hands because he won't be able to fund losses for long. If they don't want us then that's a dangerous road because it could lead to the likes of Mark Campbell, Donald would just want out and would get whatever he could and sell to whoever he had to.

    We need FPP to tip their hat and that would massively accelerate things. Sadly, I just don't think that's how they do business. They didn't comment at the start, they didn't comment during it, and they didn't comment when it broke down and when they gave Donald the loan offer he couldn't refuse. The worrying thing for me is that Donald certainly thinks he can sell to others and is trying to do so, so either must think that he can repay the loan, or that FPP won't stand in his way, neither of which bodes well for us.
     
    #6236
  17. Rhinos Legend

    Rhinos Legend Well-Known Member

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    <laugh>
     
    #6237
  18. Northumberland Rocks

    Northumberland Rocks Well-Known Member

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    Agree and I speak as someone who has left my season ticket money in the Club at the current time.

    I try to see the good in people, with our our owners - rightly or wronglly. However, the current situation is killing our Club.

    Im no expert but nobody loans £10m interest free without a wider agenda - certainly not very rich and successful business people. On a personal note I would like to know what that agenda is as it will determine if I leave my money in.
     
    #6238
  19. Rhinos Legend

    Rhinos Legend Well-Known Member

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    #6239
  20. Essayyeffcee

    Essayyeffcee Well-Known Member

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    #6240
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