Sunderland Finance (1 Viewer)
- Thread starter Nick
- Start date
ccfc92
Well-Known Member
pastythegreat
Well-Known Member
Hope to fucking god they dont go up. They'll be following Bury straight out the trap door if this gamble fails.
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oldskyblue58
CCFC Finance Director
Decent review of their finances here
Sunderland AFC's 2018 Finances - Back to Back - FINANCIAL FOOTBALL NEWS
Seem to be in a deep hole and team performance is not helping
I wouldnt expect the 2019 or 2020 figures to be any better
The charge strikes me as a protection measure, which must mean the directors/owners are seriously concerned
Sunderland AFC's 2018 Finances - Back to Back - FINANCIAL FOOTBALL NEWS
Seem to be in a deep hole and team performance is not helping
I wouldnt expect the 2019 or 2020 figures to be any better
The charge strikes me as a protection measure, which must mean the directors/owners are seriously concerned
MusicDating
Euro 2016 Prediction League Champion!!
This is that 'investment' - Sunderland: US consortium invests funds in League One club definitely not a loan though...
jordan210
Well-Known Member
So not the billions that some said would make them the riches club in the world
oldskyblue58
CCFC Finance Director
The thing i would be concerned about is that the security given is many times the loan of £10m .......... it is disproportionate
Also who are FPP Sunderland? Seems it was only incorporated in September 2019 by three USA residents. They say the same ownership of the club remains but the charge effectively gives FPP control of the assets - split the assets from the liabilities ..... now where have i heard that before. It looks like they now control the properties and the shares Madrox has in Sunderland Ltd and following on from that the Sunderland Ltd shares in Sunderland AFC
Also who are FPP Sunderland? Seems it was only incorporated in September 2019 by three USA residents. They say the same ownership of the club remains but the charge effectively gives FPP control of the assets - split the assets from the liabilities ..... now where have i heard that before. It looks like they now control the properties and the shares Madrox has in Sunderland Ltd and following on from that the Sunderland Ltd shares in Sunderland AFC
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eastwoodsdustman
Well-Known Member
And they’ll blame us for it.
ccfcway
Well-Known Member
we have our own issues to worry about
MusicDating
Euro 2016 Prediction League Champion!!
Gonna cost £10m to fix the lift apparently - EXCLUSIVE: Charlie Methven discusses Sunderland’s investment, transfer window & scouting plans
But they're now debt free! - Stewart Donald explains the consequences of Sunderland's FPP loan deal
As you say OSB, it smells of deja poo...
Brighton Sky Blue
Well-Known Member
Really is playing with fire. Hope they're 'ready to go' as and when the shit hits the fan
Brighton Sky Blue
Well-Known Member
'There are some confidentiality [agreements] around it but I will explain it as best I can, very simply the money has come in and it is secured against everything that Madrox owns.'
oldskyblue58
CCFC Finance Director
The statements from the directors are the usual kind of thing from football directors to their fans. There are a lot of words but says little...... quite patronising
Why if they have their own resources do they need an outside loan? Makes me think that they dont have the resources, given the security on offer the loan of £9m isnt a large figure.
Why does it need to be secured on all Sunderland assets? The Stadium alone has a value of £93m in the 2018 financials but the £9m is secured on much more than that.
What has been done with the £9m lent to Madrox? If their company madrox lent the money on to Sunderland ltd and Sunderland AFC then that would be a debt wouldn't it so cant be debt free (given the football club didnt have any loans outstanding in the 2018 financials)
It is a bit disingenuous to say they remain fully in control when there are conditions, risks and securities from a third party.
Also less than transparent saying ask FPP their intentions, its the Sunderland directors intentions people want to know about and they have just secured all club assets to cover a debt for another part of the group
Interesting to that Sunderland Ltd which owns Sunderland AFC Ltd state
Rent remains within the group though i suppose
Why if they have their own resources do they need an outside loan? Makes me think that they dont have the resources, given the security on offer the loan of £9m isnt a large figure.
Why does it need to be secured on all Sunderland assets? The Stadium alone has a value of £93m in the 2018 financials but the £9m is secured on much more than that.
What has been done with the £9m lent to Madrox? If their company madrox lent the money on to Sunderland ltd and Sunderland AFC then that would be a debt wouldn't it so cant be debt free (given the football club didnt have any loans outstanding in the 2018 financials)
It is a bit disingenuous to say they remain fully in control when there are conditions, risks and securities from a third party.
Also less than transparent saying ask FPP their intentions, its the Sunderland directors intentions people want to know about and they have just secured all club assets to cover a debt for another part of the group
Interesting to that Sunderland Ltd which owns Sunderland AFC Ltd state
Rent remains within the group though i suppose
Brighton Sky Blue
Well-Known Member
He goes on to say that if he fails to repay then the Americans would gain control. What would they likely do with it in such a case?