Stewart Donald anyone.....

I think he sold it for £12m with outstanding debts of £5m, so basically making a £7m profit which is roughly what it cost him to build the Kassam!
Yes something like that. I think that he likes people to believe that the Manor was mortgaged to the hilt but he made a big profit out of it.
FK was as some would say 'a good businessman', but I am pretty sure that he didnt treat the club anywhere near what he claimed that he would do ( the profits from the building work help to run the club).
No doubt FK did very very well out of the club, and the journey he took us on didnt quite go to plan.
 
Yes something like that. I think that he likes people to believe that the Manor was mortgaged to the hilt but he made a big profit out of it.
FK was as some would say 'a good businessman', but I am pretty sure that he didnt treat the club anywhere near what he claimed that he would do ( the profits from the building work help to run the club).
No doubt FK did very very well out of the club, and the journey he took us on didnt quite go to plan.
Depends on whose plan you refer to....for Kassam I would very much say it was just what he planned once he realised that running a successful football club was quite a tricky business and way beyond his ability and skillset (which basically seems to be screw as much profit out of stuff as possible....and then screw it some more).
 
Depends on whose plan you refer to....for Kassam I would very much say it was just what he planned once he realised that running a successful football club was quite a tricky business and way beyond his ability and skillset (which basically seems to be screw as much profit out of stuff as possible....and then screw it some more).
Agree. I was referring to the journey FK promised to take us on . I think that he meant to the PL from the Championship rather than virtually to the Conference.
 
I think he sold it for £12m with outstanding debts of £5m, so basically making a £7m profit which is roughly what it cost him to build the Kassam!
from memory, believe the debts were more, but the amount secured on the stadium was £6m so he sold the ground from the club to a shell co for £6m, then CVA'd off the rest of the debt. The shell co then sold it off for redevelopment at approx £12m and the £6m difference was used to complete the stadium complex (and pay off Les Wells).
 
Yes something like that. I think that he likes people to believe that the Manor was mortgaged to the hilt but he made a big profit out of it.
FK was as some would say 'a good businessman', but I am pretty sure that he didnt treat the club anywhere near what he claimed that he would do ( the profits from the building work help to run the club).
No doubt FK did very very well out of the club, and the journey he took us on didnt quite go to plan.
Well, if he didn't bail the club out in the first place, would we be in the position we are in today?
 
Probably, and without the years of suffering.
Without a crystal ball very hard justify that statement, it was a long time ago but there were not many options on the table at the time.
If you mean by "suffering" the percieved by some of the rent and maintenance costs, IL set it all up, the next two owners were fully aware of these costs when they put their foot in the door. have we suffered by their lack of foresight in managing that side of the business?
 
On twitter, KieranMaguire, PriceofFootball highlights an article by the Times "Sunderland director enraged fans by claiming they do not understand business" (the person is not SD!) the article goes on to say the Private Eye magazine once described this person, a former journalist, as a "Brylcreemed, perma-tanned, Thatcher worshipping Old Etonian"
 
On twitter, KieranMaguire, PriceofFootball highlights an article by the Times "Sunderland director enraged fans by claiming they do not understand business" (the person is not SD!) the article goes on to say the Private Eye magazine once described this person, a former journalist, as a "Brylcreemed, perma-tanned, Thatcher worshipping Old Etonian"
There is a photo of the whole Eye article from 2018 in the “Charlie and the big Don” thread on here (I have failed to link to it, but it’s googlable). Worth a read if you haven’t seen it.
 
Without a crystal ball very hard justify that statement, it was a long time ago but there were not many options on the table at the time.
If you mean by "suffering" the percieved by some of the rent and maintenance costs, IL set it all up, the next two owners were fully aware of these costs when they put their foot in the door. have we suffered by their lack of foresight in managing that side of the business?

No, from the time he took us from the now called Championship to the brink of the Conference whilst at the same time asset stripping the club, selling our better players whilst not reinvesting that money.

I spoke to players during his tenure who said he wouldn’t fund energy drinks/bars which were provided at lower non league clubs, only funded two pairs of goalie gloves per season (one pair for match day/the other for training), wouldn’t pay for players to have scans if injured and much more.

Also, lying to us, the council and the club whilst using our vulnerable state to lever the best deal for himself.

He wasn’t run out of this club for nothing. In fact, I’d go as far as to say he probably instigating it as he’d milked us dry and couldn’t use us for his gain anymore.

I despise that guy for what he did and continues to do to this club. Does he care, does he f**k.

I mean, he’s that bad that even the homeless complained about the state of the accommodation he provided which was funded by the council/I guess taxpayers .

He’s the modern day Scrooge.
 
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It blows my mind that this thread has grown to 58 pages!
Sunderland are just another football club, rivals in our league at the moment and nothing...absolutely nothing more.
Stewart is a good guy, good businessman, passionate OUFC fan and has helped us out in the past, but has proven himself as an inept football chairman.
Charlie is a divisive character, equally passionate OUFC fan and is now out of the picture to care for his ill wife, who I wish all the best to.
Laughing over a club that should mean f*ck all to us...are we not better than that?
Wrap this thread up or put it where it belongs into the UK football subforum, it has NOWT to do with the OUFC boardroom.
 
It blows my mind that this thread has grown to 58 pages!
Sunderland are just another football club, rivals in our league at the moment and nothing...absolutely nothing more.
Stewart is a good guy, good businessman, passionate OUFC fan and has helped us out in the past, but has proven himself as an inept football chairman.
Charlie is a divisive character, equally passionate OUFC fan and is now out of the picture to care for his ill wife, who I wish all the best to.
Laughing over a club that should mean f*ck all to us...are we not better than that?
Wrap this thread up or put it where it belongs into the UK football subforum, it has NOWT to do with the OUFC boardroom.
If you dont like the thread why not just dont read it (let alone making the thread even longer with a long post ?)
 
I see the blunderland fans (roker report) are
Back again.
Win = Phil Parkinson is a managerial genius who has broken up two cliques at the club.
And this was against Wycombe. Who most of us reckon are punching above their weight.
 
He’s now got them at break even and in the playoffs and four points from top if they win their game in hand.

what was their reason for wanting him out?
 
No, from the time he took us from the now called Championship to the brink of the Conference whilst at the same time asset stripping the club, selling our better players whilst not reinvesting that money.

I spoke to players during his tenure who said he wouldn’t fund energy drinks/bars which were provided at lower non league clubs, only funded two pairs of goalie gloves per season (one pair for match day/the other for training), wouldn’t pay for players to have scans if injured and much more.

Also, lying to us, the council and the club whilst using our vulnerable state to lever the best deal for himself.

He wasn’t run out of this club for nothing. In fact, I’d go as far as to say he probably instigating it as he’d milked us dry and couldn’t use us for his gain anymore.

I despise that guy for what he did and continues to do to this club. Does he care, does he f**k.

I mean, he’s that bad that even the homeless complained about the state of the accommodation he provided which was funded by the council/I guess taxpayers .

He’s the modern day Scrooge.
So FK had a go at being a club chairman and he was pants at it with poor managerial appointments, yes there were stories floating around about the cost cutting at the end of his tenure which were tough to accept as a fan, but that was 10 years ago and you are still trying to justify a statement that things would of been better without years of suffering if he never stepped in to save the club.
I get you despise him and he hasn't covered himself in glory with some of his decisions, but to say we as a club are suffering today is a bit of a stretch.
 
So FK had a go at being a club chairman and he was pants at it with poor managerial appointments, yes there were stories floating around about the cost cutting at the end of his tenure which were tough to accept as a fan, but that was 10 years ago and you are still trying to justify a statement that things would of been better without years of suffering if he never stepped in to save the club.
I get you despise him and he hasn't covered himself in glory with some of his decisions, but to say we as a club are suffering today is a bit of a stretch.

I’d still say he makes us suffer today to some extent;

High rent, no income revenues, extremely poor upkeep of stadium/pitch management whilst increasing the rent, not allowing the club access to stadium (see Rotherham manager’s comments yesterday about access), moves goalposts on stadium valuation and I’m sure there’s many more.

He still maintains a unhealthy stranglehold over the club (yes it may have improved over the last few months, but that’s only because he stands to gain again).

He reminds of the woman out of the film ‘Misery’, oh and Scrooge prior to the visits from the ghosts.
 
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