FPP to take full control

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

  1. Magnus

    Magnus Well-Known Member

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    Sd on talk sport saying Americans still ready to put money in
     
    #2681
  2. ISOE II

    ISOE II Active Member

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    #2682
  3. Smug in Boots

    Smug in Boots Well-Known Member

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    Surely not, I was ridiculed for insisting that was still the case ....
     
    #2683
  4. Sunderpitt

    Sunderpitt Well-Known Member

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    It seems that he is a reluctant seller, talks dribbling on...

    Probably a Cashley sort of saga that has been going on for years with the skunks

    Except Cashley has money(?), whereas Donald we are led to believe does not have the funds to bankroll us?
     
    #2684
  5. Hedley_safc

    Hedley_safc Member

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    After listening to that podcast, in my opinion we are not close to being sold, hes still dangling the bait of Americans to the fans if we succeed this season and openly said he'd go back for more fire power from them if needed in the championship. Also proves Bob is full of s**t and they are still involved.
     
    #2685
  6. Robref62

    Robref62 Well-Known Member

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    Nothing new to see here, move along.
     
    #2686
  7. Kittenmittons

    Kittenmittons Well-Known Member

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    #2687
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  8. Kittenmittons

    Kittenmittons Well-Known Member

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    Anyone got a link to the talksport interview?

    edit: never mind, saw thread
     
    #2688
  9. Smug in Boots

    Smug in Boots Well-Known Member

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    It may not be entirely new but it's different to what you've been saying ....

    "I've said it b4 but imo forget about FPP, if they wanted to buy us it would have been done and dusted."

    Besides, its new in as much that Donald suggested their involvement was over ...

    ... and also contradicts Madbob's insistence that their money was paid back ages ago.
     
    #2689
    Last edited: Apr 9, 2020
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  10. BigPete

    BigPete Well-Known Member

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    Tell you what mind as much as I'd love them to take over us and be buzzing over it I would also have a little chuckle to myself to all those idiots who were jizzing in their pants hoping it would fall through just to say see Reiver was talking ****.

    Imagine being that petty youd prefer saying I told you so on the internet over having he best thing thappen to our club in a long time.

    Just dont get it..
     
    #2690

  11. Magnus

    Magnus Well-Known Member

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    Letter to the fans on safc from Donald, anyone else think it’s abit strange these have both come out the same day??
     
    #2691
  12. Smug in Boots

    Smug in Boots Well-Known Member

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    They were still having a go at me yesterday, but gone very quiet this morning ...

    .... like when I offered a bet of £1000 about FPP, it was like I'd thrown a stun grenade in there <laugh>
     
    #2692
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  13. BigPete

    BigPete Well-Known Member

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    Haha surprised someone didnt accept it then just not pay if lost.
     
    #2693
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  14. Smug in Boots

    Smug in Boots Well-Known Member

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    I don't want to be right for my own benefit mate ...

    ... I love the club, and all the decent supporters, so want what's best for them.
     
    #2694
  15. Kittenmittons

    Kittenmittons Well-Known Member

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    If you haven't heard it, he actually said:

    'My preference is to stay, hold on to the club and as we become successful, talk to the guys who've invested since we move in (FPP) and say 'can we have a bit more firepower once we get to the Championship?' - That was the plan.'

    Then

    'If the fans said to me tomorrow 'stay', and the guys from America would completely engage - which I would hope they would if we could get a little bit more success - then I'd love to stay and Charlie would love to stay.'

    Let's not get carried away, this is not him saying the Americans are ready to do anything.
     
    #2695
  16. Smug in Boots

    Smug in Boots Well-Known Member

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    " .... talk to the guys who've invested since we move in (FPP)"

    So the loan's been converted back into investment ...

    ... it's the most flexible loan in the history of finance.

    On the positive side Donald isn't saying FPP have no further interest in the club which is what many were claiming.
     
    #2696
  17. Robertson

    Robertson Well-Known Member

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    It's quite quickly after the furloughing of players has been announced, I suppose. The tone of the letter suggests that Donald knows that the sentiment towards him has changed after STID 2.

    I don't know what to make of him mentioning the Americans again.


    "So the loan's been converted back into investment ...

    ... it's the most flexible loan in the history of finance." :emoticon-0102-bigsm
     
    #2697
  18. Kittenmittons

    Kittenmittons Well-Known Member

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    I think this just cements where we are here.

    Donald took this loan because he felt that he wanted to sell the club to FPP as an ideal choice. Those were the terms they offered. he believes (presumably based on the initial negotiations) that they would be happy to come on board to a greater degree if we get success, but the implication of what he said is clear - it's a long shot for them to buy us in L1.

    The issue with FPP is that if we really are sold by the end of the month, it doesn't sound like it'll be to them. If we're not, his plan continues and he's banking on getting to their tipping point to invest properly in us (not the loan, but converting it to actual shares) before the end of next season.
     
    #2698
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  19. Kittenmittons

    Kittenmittons Well-Known Member

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    I just don't see the semantics of it being that important now that we can see a reasonable amount of the paperwork. We know it's a loan and we know it can be converted one day if it needs to be.

    We need to get promoted though, that much seems abundantly clear. If there was any chance of them coming on board without promotion, he'd be singing it from the rooftops to get us onside again. He knows he can't make that promise and then get to September and they're nowhere to be seen, so he's dangling the carrot that if we stick with him, that's the best chance of FPP coming on board.
     
    #2699
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  20. Sunderpitt

    Sunderpitt Well-Known Member

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    Definitely a win but not lose...
     
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