Riddler statement.

[Jack Daniels]

Sunderland are up for sale via their owner Stuart Donald who owns 74% of the club with his valuation being £37.6m for that 74%.

Which would value the club at around the £50m mark.

Does Hemmings seriously expect a smaller club in PNE to be worth more than Sunderland? Really?

Stewart Donald: Sunderland owner steps down as chairman of Black Cats

Sunderland owner Stewart Donald, who is trying to sell the League One club, steps down as chairman.

www.bbc.co.uk

Stewart Donald names his Sunderland asking price during controversial interview

Stewart Donald says his asking price for Sunderland AFC is £37.6 million.

www.shieldsgazette.com

North End are probably worth around £35m tops. Below are 2 recent sales from the past few years as comparisons.

Wigan went for £22m when Whelan sold up in Nov 2018.

At the end of the season it was announced that the Whelan family had agreed a deal to sell the club, stadium and training facilities to the Hong Kong based International Entertainment Corporation (IEC) in a £22m deal.[44] On 2 November 2018 IEC received shareholder approval to complete the acquisition of the football club, bringing to an end the 23 years of Whelan family ownership.[45] In a letter to the fans chairman David Sharpe confirmed that he along with Matthew Sharpe and non-executive director Garry Cook would resign from the board upon completion of the ownership transition.[

Wolves went for £45m to Fosun in 2016.

Wolves sold for £45m to Chinese group Fosun International

Wolves have been taken over for £45m by a Chinese group, Fosun International, that has links with the super-agent Jorge Mendes

www.theguardian.com

So yes, anyone now care to defend Hemmings and the alleged fee he is asking for?

 

[paddysr]

That figure for Leeds allowed for liabilities, something we don’t have.

And again Paddy, exactly where is the proof of these interested parties, of course there would enquiries, they would be fishing , administrators at Wigan asked for a £100,000 deposit and they all vanished.

You need to get in the real world Paddy not fantasy island.....

The Wigan situation is different. Had they not been relegated there would have been a queue of owners, the interest only dried up when the EFL punished them for their own (the EFLs incompetence)

Also what liabilities with Leeds, literally nowhere online does it state that the fee paid has any relation to existing debt.

Once again you are making things up and making yourself look stupid.

I don't need proof to know that if the club was put on the market at a fair market value there would be interest it's literally how the world works.

 

[Thracia]

What’s good for Peter is good for Paul.....

Exactly - so provide your evidence and proof.

 

[billymac]

As we finished just 4 points outside the playoffs exactly how do you reason that a better striker who would have scored more goals wouldn't have meant we made the playoffs? Kieffer Moore scored 4 goals post restart which resulted in 6 points for Wigan, 6 points would have put us in the playoffs and that's before you look at the 6 goals he scored prior to the shutdown.

hmmmm, the very same squad and prior to Christmas we were fighting for a top place in this league, still doing nicely (even with our strike force) then along comes the offer from Stoke, AN then reverts to type as per last season and we have a terrible finish yet again, the only winner being AN with his much improved salary deal.

New investment won't solve the tactical pygmy issue we have with AN in charge. Since AN arrived we have signed, Fisher, Maguire, O'Connor, Moult, Bodin, Simpson, Burke, Crowe, Hughes, Ledson, Storey, Ginnelly, Potts, Stockley, Ripley, Rafferty, Bauer, Bayliss, Nugent, Sinclair and loans for Mavididi, Barker, Nmecha and Greene, I would politely suggest that the manager has been supported very well.

 

[paddysr]

Quite right, we finished above them.......

And Lansdown is in the world of investments, I think he’s quite busy at the moment with a few little business problems, no big name manager appointed there, he’s now watching the pennies...

Will you stop making things up for fuck sake, it's embarrassing

Top Nhà Cái Uy Tín Năm 2026: An Toàn & Thưởng Lớn

Giới thiệu top nhà cái uy tín và chất lượng nhất năm 2026. Đưa ra bộ tiêu chí đánh giá nhà cái để anh em cược thủ dễ dàng chọn lựa nhà cái uy tín.

clicklancashire.com

Yep definitely having business problems.

 

[Ando60]

In fairness and in order the Fans gravity of opinion should be, in least important order first

town Enders
Tom finney flask crew
Invisibles excluding the mob who goad a bit who sit near the kop
And at the top of course Is the corporate areas

You pompous oaf.....

 

[chorleythehord]

I'm interested to know exactly why my belief that we need fresh ownership in order to help us push for the next level is in tatters?

As we finished just 4 points outside the playoffs exactly how do you reason that a better striker who would have scored more goals wouldn't have meant we made the playoffs? Kieffer Moore scored 4 goals post restart which resulted in 6 points for Wigan, 6 points would have put us in the playoffs and that's before you look at the 6 goals he scored prior to the shutdown.

Of course given I want new ownership (or for the current ownership to properly back the team) that means that I want to start a phoenix club in non-league.

As for new owners it isn't my job to find one, we already know there has been plenty of interest but Hemmings asking price is unrealistic so it is he alone that has us in a situation where prospective buyers are unwilling to submit serious interest.

What you and many others fail to realise is that by wanting new investment doesn't mean that everything he has done is bad and yes he has continued to support the club through the pandemic but that doesn't mean he is the best person to take the club forward.

Should we have kept Grayson knowing that we would finish mid table every season without ever getting close to challenging? Businesses, and indeed football clubs, that fail to move forwards inevitably go backwards.

Fresh ownership is not necessarily the answer to push further forward. Fresh ownership that is prepared to stuff in more than the £6m a year than Hemmings will do will certainly give us a better chance. But it won’t guarantee promotion and any sane business person will run a million miles.

In most likelihood a new owner would be disastrous for PNE. We would at best become a Bolton. Anyone outside the sphere of this club and its fans can see it. We are just too close and emotionally involved..

—-

How do you know there has been interest? Who are these people, what is their financial position, how much are they prepared to pump in over and above the Hemmings contribution to take us forward? I dont know either, but Id be pretty certain there aren’t any realistic bidders at even £1 on that criterion, no matter what TH supposed asking price is.

Wigan are effectively available for £1 for anyone who is prepared to take (some , but not all, of) the liabilities on. As a more recent top flight club and FA Cup winners , they may seem more attractive than us to a foreign owner not aware of our history. I’m waiting to see what they get. If they get the dream Arab or Asian billionaire that’s going to pump money in like the Venkys do at the plastics, I’ll hold my hand up. Bolton and Bury didn’t find one , so I don’t see Wigan doing.

—-
That’s why I’m firmly in the better the devil you know camp

 

[billymac]

Ooops, my mistake, everything is hunky dory in football, not a financial problem anywhere although income is virtually zero and outgoings are massive........all these nice owners are just stumping up loads of cash to keep things ok , none of them have been affected financially by the pandemic either, silly me Paddy, wherever did I get that impression 🙄

as long as idiot owners pay footballers the vast salaries they demand then any shortfall they might incur brings a tear to my glass eye.

 

[paddysr]

Fresh ownership is not necessarily the answer to push further forward. Fresh ownership that is prepared to stuff in more than the £6m a year than Hemmings will do will certainly give us a better chance. But it won’t guarantee promotion and any sane business person will run a million miles.

In most likelihood a new owner would be disastrous for PNE. We would at best become a Bolton. Anyone outside the sphere of this club and its fans can see it. We are just too close and emotionally involved..

—-

How do you know there has been interest? Who are these people, what is their financial position, how much are they prepared to pump in over and above the Hemmings contribution to take us forward? I dont know either, but Id be pretty certain there aren’t any realistic bidders at even £1 on that criterion, no matter what TH supposed asking price is.

Wigan are effectively available for £1 for anyone who is prepared to take (some , but not all, of) the liabilities on. As a more recent top flight club and FA Cup winners , they may seem more attractive than us to a foreign owner not aware of our history. I’m waiting to see what they get. If they get the dream Arab or Asian billionaire that’s going to pump money in like the Venkys do at the plastics, I’ll hold my hand up. Bolton and Bury didn’t find one , so I don’t see Wigan doing.

—-
That’s why I’m firmly in the better the devil you know camp

Here's another one trotting out the whataboutery.

We are a going concern, the only creditor we have is the owner, we don't have relegation, or administration, or winding up petitions, or dodgy loans hanging over us.

We are a completely different proposition to all the clubs that keep getting trotted out.

Why is it so hard for people to understand that?

Of course there would be risks attached but it is by no means the probability people keep harping on that it is. For every bad owner out there there are 20 good ones.

 

[europne]

Will you stop making things up for fuck sake, it's embarrassing

Top Nhà Cái Uy Tín Năm 2026: An Toàn & Thưởng Lớn

Giới thiệu top nhà cái uy tín và chất lượng nhất năm 2026. Đưa ra bộ tiêu chí đánh giá nhà cái để anh em cược thủ dễ dàng chọn lựa nhà cái uy tín.

clicklancashire.com

Yep definitely having business problems.

Woodford collapsed last year.

Have you not read the warnings in that statement, let’s wait till next years figures to see what’s going on now.

 

[jakehake]

Will you stop making things up for fuck sake, it's embarrassing

Top Nhà Cái Uy Tín Năm 2026: An Toàn & Thưởng Lớn

Giới thiệu top nhà cái uy tín và chất lượng nhất năm 2026. Đưa ra bộ tiêu chí đánh giá nhà cái để anh em cược thủ dễ dàng chọn lựa nhà cái uy tín.

clicklancashire.com

Yep definitely having business problems.

Thank god for that, they’re one of our biggest customers


*orders extra case of champagne*

 

[europne]

The Wigan situation is different. Had they not been relegated there would have been a queue of owners, the interest only dried up when the EFL punished them for their own (the EFLs incompetence)

Also what liabilities with Leeds, literally nowhere online does it state that the fee paid has any relation to existing debt.

Once again you are making things up and making yourself look stupid.

I don't need proof to know that if the club was put on the market at a fair market value there would be interest it's literally how the world works.

The simple reality is they don’t have a queue of potential new owners.

 

[paddysr]

Woodford collapsed last year.

Have you not read the warnings in that statement, let’s wait till next years figures to see what’s going on now.

That is now and Woodford's fund wasn't theirs and they have weathered that and put in additional protections I.e. learned from their mistakes and are showing growth. It is literally in the article.

 

[europne]

as long as idiot owners pay footballers the vast salaries they demand then any shortfall they might incur brings a tear to my glass eye.

Could be because fans demand success and new signings....🤔

 

[jakehake]

Woodford collapsed last year.

Have you not read the warnings in that statement, let’s wait till next years figures to see what’s going on now.

Those are the figures to June 2020

 

[paddysr]

Those are the figures to June 2020

I wouldn't bother Jake. Just makes things up to suit.

 

[tcinders]

Sunderland are up for sale via their owner Stuart Donald who owns 74% of the club with his valuation being £37.6m for that 74%.

Which would value the club at around the £50m mark.

Does Hemmings seriously expect a smaller club in PNE to be worth more than Sunderland? Really?

Stewart Donald: Sunderland owner steps down as chairman of Black Cats

Sunderland owner Stewart Donald, who is trying to sell the League One club, steps down as chairman.

www.bbc.co.uk

Stewart Donald names his Sunderland asking price during controversial interview

Stewart Donald says his asking price for Sunderland AFC is £37.6 million.

www.shieldsgazette.com

North End are probably worth around £35m tops. Below are 2 recent sales from the past few years as comparisons.

Wigan went for £22m when Whelan sold up in Nov 2018.



Wolves went for £45m to Fosun in 2016.

Wolves sold for £45m to Chinese group Fosun International

Wolves have been taken over for £45m by a Chinese group, Fosun International, that has links with the super-agent Jorge Mendes

www.theguardian.com

So yes, anyone now care to defend Hemmings and the alleged fee he is asking for?

"Alleged fee" I think what Ridsdale said at the forum in a moment of painting a fantasy picture was " we have had the squad valued at £76 million" that was total nonsense then and even worse now. Incidentally nobody challenged him from the floor or the press. So you would probably guess £30 million tops. Then you need to fund it!

 

[europne]

Here's another one trotting out the whataboutery.

We are a going concern, the only creditor we have is the owner, we don't have relegation, or administration, or winding up petitions, or dodgy loans hanging over us.

We are a completely different proposition to all the clubs that keep getting trotted out.

Why is it so hard for people to understand that?

Of course there would be risks attached but it is by no means the probability people keep harping on that it is. For every bad owner out there there are 20 good ones.

So you are saying we are a good proposition for purchase........

I wonder why, could it be that the club has been well run and financially prudent I wonder?

 

[paddysr]

So you are saying we are a good proposition for purchase........

I wonder why, could it be that the club has been well run and financially prudent I wonder?

I have never said it hasn't been.

Literally nobody who thinks the same as me has done.

The two beliefs are not mutually exclusive. Why can you not see that?

 

[chorleythehord]

Here's another one trotting out the whataboutery.

We are a going concern, the only creditor we have is the owner, we don't have relegation, or administration, or winding up petitions, or dodgy loans hanging over us.

We are a completely different proposition to all the clubs that keep getting trotted out.

Why is it so hard for people to understand that?

Of course there would be risks attached but it is by no means the probability people keep harping on that it is. For every bad owner out there there are 20 good ones.

Sorry , you are wrong. Read the accounts And the Auditor report.

PNE are only a going concern because the owner has agreed to fund the losses for at least the next 12 months. Those losses are real , cash outgoings , without any transfer income, and despite our somewhat miserly wage structure. They amount to over £10m a year. Any transfer profit offsets that.

That is the reality any new owner has to face. Just to stand still with the current squad needs £10m a year In a year without COVID.
They can gamble like the Brentford owner (£131m injected) or Lansdown ( 100s of millions I believe) and hope to take us over the Line. But They have both failed.