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SAFC Accounts published

Discussion in 'Sunderland' started by Oliver's Army, Apr 29, 2021.

  1. Oliver's Army

    Oliver's Army Well-Known Member

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    Club statement and latest financial details.....

     
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  2. OldNewtown

    OldNewtown Well-Known Member

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    I'll wait for GoM over the road to decipher them should be interesting to see how the business operated under Madrox.
    Initial glance profitable until exceptional item taken into account presumably Alvarez also some payments to companies owned by Donald. Guess that they will be to cover cost of Fox and expenses for Donald
    It's the next accounts that will be real sh●t show with full impact of the pandemic
    So cutting to the bone from financial point of view worked shame it shafted the football side of the business.
     
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  3. Yep,GOM is on it over there,but needs time. In the meantime the vultures are circling,accountants for the day, making false assumptions,getting ever confused, looking for any little snippet to give them the ammunition they need to support their,mostly,unfounded conclusions built up over the last couple of years or so.
    When GOM explains it to them and evidences they've been wrong in their interpretation of events,it'll be him who's being misled by SD,the master of figure wizardry! :emoticon-0102-bigsm:emoticon-0102-bigsm
     
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  4. Blond Bombshell

    Blond Bombshell Well-Known Member

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    Don't know why he bothers. Donald has cost us this season due to short-termism and cost cutting. Time for us all to put this season and squad behind us and move on and concentrate on the next five years.
     
    #4
  5. Draig

    Draig Well-Known Member

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    3 pages of ****e greatly punctuated by Kildare Mackem before GOM appears, says it's gonna take a while but might not be that informative because all the juicy numbers will be in the various sub-companies, which still have to file their results.

    End of the day we know what the club was like when KLD took control.

    We know DonLd bought the club using club parachute money. We know he sold kids on and, excluding one major madness, spent sod all on players. We know he was gambling on a quick promotion and sale of the club.

    I don't need any forensic analysis of the club's books to tell me SAFC were shafted by Donald.

    I am just a normal (ish) bloke who wants to watch his team play and chat about events on the pitch, at the training centre and about transfers and rumours.

    I hate it that modern football is so much about the finances yet the rules of business seem to exist solely for the purpose of hiding what is being spent from both fans and the tax man.

    Most of all I hate it that the AOL Lift and The Monorail are no longer talked about. Priorities, gentlemen, priorities! I want to know if we'll be crossing the river in comfort or if Donald has screwed us so much that we'll have to use a zip line instead of a monorail.
     
    #5
  6. FellTop

    FellTop Well-Known Member

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    Well any explanation will be above my head. Think I will just rely on the fact we have a new owner and the past finance stuff isnt relevant to next season (I hope) or how much we can spend on the academy
     
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  7. Blond Bombshell

    Blond Bombshell Well-Known Member

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    Spot on marra
     
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