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This EFL scrutiny thing

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Re: This EFL scrutiny thing

Post  cyprussyd on 2018-05-03, 3:17 pm

Argus wrote:
sunderpitt wrote:I am more than pleased that Short has gone.

It is a good think that a Brit is going to be Chairman.. who has had at least lower league experience 

If he is the majority shareholder does that mean he is putting in the most cash? This could be concerning.. whilst he undoubedly a wealthy man... he is no billionaire... are the bigger financial backers willing to take a back seat?

All will be revealed in due course? When MicMac got us promoted Murray was not wealthy enough to fund us in the Premier League... Jon stead to name but one
Sunders, I think it was more a case that Bob was not prepared to gamble the club's future and that's probably down to his background as an accountant - gambling is not high up on their agenda.

I recall when we sitting in the top 2 at Christmas and everyone knew we were playing way above our station but a couple of decent additions to the squad could have made all the difference to our final position (and perhaps shaped a better future for us), but Bob wouldn't support the manager and the rest is history.

Despite this he did leave us with a nice stadium!!
Evil or Very Mad Evil or Very Mad Evil or Very Mad  you obviously dont know what Sunders was before retiring but it gives an insight into cautious approach to life.  rof rof rof rof rof rof rof rof rof rof rof rof rof rof rof rof rof rof rof

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Re: This EFL scrutiny thing

Post  Argus on 2018-05-03, 5:23 pm

cyprussyd wrote:
Evil or Very MadEvil or Very MadEvil or Very Mad  you obviously dont know what Sunders was before retiring but it gives an insight into cautious approach to life.  rof rof rof rof rof rof rof rof rof rof rof rof rof rof rof rof rof rof rof
No, but I think I'm getting warm!!

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Re: This EFL scrutiny thing

Post  sunderpitt on 2018-05-03, 5:25 pm

Syd defaming bean counters... is like Meghan Merkel's half brother slagging her off cos he is jealous.

I reckon what the so called shrewd businessman Short was blind to was the cost of competeting in the Premier League is at least £20m a year... 

How do you get s small fortune... have a large one and buy a football club


The Donald 'where"s your trousers' may think Sunderl and football club can get back into the Premier League and or break even/ make a profit.

 This is highly unlikely

Ps Super Kev as manager
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Re: This EFL scrutiny thing

Post  vinkel on 2018-05-04, 3:26 pm

I was foolishly hoping this may have been resolved before the bank holiday weekend.

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Re: This EFL scrutiny thing

Post  canary-dave on 2018-05-04, 3:45 pm

Well Eastleigh has been sold so it is all systems go  like

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Re: This EFL scrutiny thing

Post  Billy D on 2018-05-04, 4:55 pm

canary-dave wrote:Well Eastleigh has been sold so it is all systems go  like
Excellent news.  like
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Eastleigh sold

Post  cyprussyd on 2018-05-04, 5:56 pm

Sunderland: Prospective owner Stewart Donald agrees sale of Eastleigh
By Simon Stone
BBC Sport


  • 5 hours ago

  • [size=13]From the sectionSunderland[/size]


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[size=11]Stewart Donald has invested more than £10m in Eastleigh since 2011

Prospective new Sunderland owner Stewart Donald has cleared another obstacle to his impending purchase by agreeing the sale of non-league club Eastleigh.
Donald must sell Eastleigh before he can complete his takeover of League One-bound Sunderland.
It is understood the sale will now be ratified by the National League.
Providing there are no problems, Donald could be in a position to take control at Sunderland at some point next week.
[/size]

  • Donald speaks of 'spectacular' takeover chance

  • Ellis Short's tenure in numbers



The news comes as Sunderland published annual accounts showing the football club's debt rose to £125.7m.
Figures show the debt of the club's parent company also rose from £137.3m to £161.7m, of which just under £91m was owed to outgoing Sunderland owner Ellis Short.
Financial details of Donald's purchase of the club have not been revealed but it is understood Short has agreed to clear the debt in order to push through the sale.
The accounts to 31 July 2017 cover Sunderland's relegation from the Premier League.
They suffered a second successive relegation this season as they finished bottom of the Championship and will play in the third tier of English football for only the second time in their history next season.
Turnover rose by £18.3m to £126.4m thanks to the new Premier League TV deal.
Sunderland also revealed their highest paid director - understood to be chief executive Martin Bain - received £1.24m.
The club reported a pre-tax loss of £9.9m, a figure which was helped by the £25m sale of England goalkeeper Jordan Pickford to Everton.

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