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FPP to take full control

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

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  1. Guinness Guzzler

    Guinness Guzzler Well-Known Member

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    This loan wasn't what was wanted at the start. FPP wanted to buy us, they didn't (because of Donald). They are still interested in safc and made this loan offer, heavily weighted in their favour, because they wanted to keep the option open with a price depending on whether Donald could prove he was worth what he wanted. Donald didn't want the loan, but he'd ****ed it up and saw the reaction, he was anxious that if he turned it down the fans would properly turn on him. He took it because he was desperate at that time to keep them at the table, hence saying he didn't need it and hadn't spent it etc. That's as far as I know, but I'll be amazed if anyone with knowledge of the deal to date can refute it
     
    #6281
    Guinness Guzzler, Jul 12, 2020
    Makemstine Roger, Gatesy, Chizno1 and 6 others like this.
  2. Smug in Boots

    Smug in Boots Well-Known Member

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    There are two things, put forward by the 'this was never a takeover' believers, that don't make any sense.

    Why a bunch of seriously wealthy Americans would need to go through such a ludicrously lengthy process to buy a football club, never seen before in the history of the game.

    Why Donald would borrow such a huge sum of money then claim he didn't need it and wouldn't use it.

    There's only one reason the current owner would introduce the new owners to the manager during the season ....

    .... what wrecked the process hasn't yet been revealed but it was obviously a takeover.
     
    #6282
    Smug in Boots, Jul 13, 2020
    halfman, Ffffffftttttmmmmm, Bank of England 2 and 8 others like this.
  3. SAFCDRUM

    SAFCDRUM Well-Known Member

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    Why cant Donald at least come out now to say either yes looking to sell or if he's staying to have another crack at promotion this season? The silence is deafening.
     
    #6283
    SAFCDRUM, Jul 13, 2020
  4. SAFCDRUM

    SAFCDRUM Well-Known Member

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    Bloody phone
     
    #6284
    SAFCDRUM, Jul 13, 2020
  5. Kittenmittons

    Kittenmittons Well-Known Member

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    I mean this is literally my point :D

    All I am saying is that theoretically, they have done a deal that allows them to takeover the club at some point in the future if they want. Is that a 'takeover' deal? Some people would say yes, some people would say not until the right to buy is exercised. It's a slightly ambiguous deal in that regard because it could still end up in all 3 outcomes (buy us, walk away, hold position).

    So I am asking (politely) whether one man's takeover is another man's convertible loan, whether one man's 'deal to buy us' is exactly what we ended up with, and that the insistence - against the express public opinion of a man bound to legally not lie about FPP - that they made a bid to buy the majority of the shares in October last year may in fact refer to the convertible loan that they could exercise in future. I'm simply asking whether that terminology has caused confusion.

    If you actually read it, it's trying to help us all understand what has happened and whether the 'two sides' are actually just talking about the same thing.
     
    #6285
    Last edited: Jul 13, 2020
    Kittenmittons, Jul 13, 2020
  6. Sunderpitt

    Sunderpitt Well-Known Member

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    It is what it is....
     
    #6286
    Sunderpitt, Jul 13, 2020
  7. wearside wanderer II

    wearside wanderer II Well-Known Member

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    Time to express your concerns
     
    #6287
    wearside wanderer II, Jul 13, 2020
    Blond Bombshell, sheepman, Huds0n and 4 others like this.
  8. Dave_39

    Dave_39 Well-Known Member

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    done
     
    #6288
    Dave_39, Jul 13, 2020
  9. Sunderlad

    Sunderlad Well-Known Member

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    Done
     
    #6289
    Sunderlad, Jul 13, 2020
  10. Gordon Armstrong

    Gordon Armstrong Just another S.A.F.C. fan
    Forum Moderator

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    Done (and I'm already a member) :emoticon-0148-yes:
     
    #6290
    Gordon Armstrong, Jul 13, 2020

  11. Iansun

    Iansun Well-Known Member

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    Done and joined
     
    #6291
    Iansun, Jul 13, 2020
  12. Dave_39

    Dave_39 Well-Known Member

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    #6292
    Dave_39, Jul 13, 2020
    Saf likes this.
  13. Evil Jimmy Krankie

    Evil Jimmy Krankie Well-Known Member

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    Done.
     
    #6293
    Evil Jimmy Krankie, Jul 13, 2020
  14. Montysoptician

    Montysoptician Well-Known Member

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    Done
     
    #6294
    Montysoptician, Jul 13, 2020
  15. DH4

    DH4 Well-Known Member

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    Done
     
    #6295
    DH4, Jul 13, 2020
  16. Kittenmittons

    Kittenmittons Well-Known Member

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    Done
     
    #6296
    Kittenmittons, Jul 13, 2020
  17. Robertson

    Robertson Well-Known Member

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    Done
     
    #6297
    Robertson, Jul 13, 2020
  18. ROKER REVIEW

    ROKER REVIEW Active Member

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    Done :emoticon-0148-yes:
     
    #6298
    ROKER REVIEW, Jul 13, 2020
  19. FTM Dave

    FTM Dave Well-Known Member

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    Done
     
    #6299
    FTM Dave, Jul 13, 2020
  20. Safcman73

    Safcman73 Active Member

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    Done
     
    #6300
    Safcman73, Jul 13, 2020
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