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Thread: Niall Quinn's Sunderland Consortium

  1. #21
    First Team Superhoops's Avatar
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    Quote Originally Posted by Dodge
    So will he be spending his time with Sunderland or doing his FAI job?
    Depends on who Sunderland's next mananger is. RMK for example? in which case can't see Quinn spending much time there at all.
    Honest! I am not a secret Tim nor a closet Sham - I really am a Seagull.

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    Now with extra sauce! Dodge's Avatar
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    entirely not the point..
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    Quote Originally Posted by Superhoops
    Depends on who Sunderland's next mananger is. RMK for example? in which case can't see Quinn spending much time there at all.
    Martin O Neill .

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    First Team Plastic Paddy's Avatar
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    Quote Originally Posted by zinedineontour
    Martin O Neill .
    I feel you may be on to something. I for one wouldn't be at all surprised if MON reappears in football at the Stadium of Light.

    If I were a betting man...

    PP
    Semper in faecibus sole profundum variat

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    the issue here is simply one of confilict of interest.

    Niall Quinn took on a role, an important one at that, within the FAI for not an insubstantial sum of money.

    It now emerges he is trying to buy a foreign football side.

    He cant do both. If he were buying an EL side it would be worse for obvious reasons.

    There is such considerable lack of upset at all these devlinesque conflicts of interest its disturbing. There should be no link, formal or otherwise, between FAI officials and overseas sides

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    You're all also assuming that the committee is truly independent and will go about performing an independent task. It's still my feeling that Delaney et al have an idea of the 12 clubs they want and will guide the committee towards that. I don't think it's all that relevant what Quinn does.

  7. #27
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    I dont know how true this is, as I havent seen anything on the papers, but a friend of mine told me last night that sean mulryan had bought a 49% stake in sunderland.


    http://www.unison.ie/irish_independe...issue_id=13999
    Last edited by paul_oshea; 19/06/2006 at 1:46 PM.
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  8. #28
    International Prospect DmanDmythDledge's Avatar
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    Consortium in doubt apparently.

    http://www.rte.ie/aertel/p226.html

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    Quote Originally Posted by dmandmythdledge
    Consortium in doubt apparently.

    http://www.rte.ie/aertel/p226.html
    From what I know from people working at the club it has been agreed just crosses the t's at the mo should be announced tmow hopefully

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    Quinn consortium to complete £50m Sunderland buy-out today

    Michael Walker
    Thursday June 29, 2006

    Guardian

    Sunderland are expected to announce today that Niall Quinn's consortium has bought the Wearside club and will take control of it within the next two weeks. The fee is understood to be £10m, some £6m less than had been expected, but the consortium inherits debts of £40m - the total liability is £50m.
    The Sunderland chairman, Bob Murray, began clearing his desk at the Stadium of Light yesterday. He will finally depart tomorrow with around £6m.

    Quinn is still bound by stock market rules and cannot comment until every document is signed but the 39-year-old former Sunderland captain can set about recruiting a manager now that he knows he has a concrete position to offer.

    The negotiations have dragged on longer than Quinn would have liked, with Murray believed to have twice asked for extensions in the last few weeks, but the consortium of Irish businessmen have remained determined to see the project through and are expected to make funds available to the next manager quickly.

    The price they have paid for the club for will be seen as a bargain by some but the debts have to be dealt with. Interest payments alone are approximately £4m a year and there will be no Abramovich-style plunge in the transfer market.

    One source close to the consortium said last night: "The hard work starts now for everybody. Nobody is underestimating the task but Quinn and his backers are desperate to make Sunderland important again. These people are not viewing Sunderland as an investment opportunity."

    Murray denied he had been holding out for more money. "The suggestion is quite hurtful as the truth is actually the opposite. I've always put the club first. I've spent millions acquiring my shares as well as investing, and also given more than 20 years of my life to the club."

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    Quote Originally Posted by Donal81
    Quinn consortium to complete £50m Sunderland buy-out today

    Michael Walker
    Thursday June 29, 2006

    Guardian

    Sunderland are expected to announce today that Niall Quinn's consortium has bought the Wearside club and will take control of it within the next two weeks. The fee is understood to be £10m, some £6m less than had been expected, but the consortium inherits debts of £40m - the total liability is £50m.
    The Sunderland chairman, Bob Murray, began clearing his desk at the Stadium of Light yesterday. He will finally depart tomorrow with around £6m.

    Quinn is still bound by stock market rules and cannot comment until every document is signed but the 39-year-old former Sunderland captain can set about recruiting a manager now that he knows he has a concrete position to offer.

    The negotiations have dragged on longer than Quinn would have liked, with Murray believed to have twice asked for extensions in the last few weeks, but the consortium of Irish businessmen have remained determined to see the project through and are expected to make funds available to the next manager quickly.

    The price they have paid for the club for will be seen as a bargain by some but the debts have to be dealt with. Interest payments alone are approximately £4m a year and there will be no Abramovich-style plunge in the transfer market.

    One source close to the consortium said last night: "The hard work starts now for everybody. Nobody is underestimating the task but Quinn and his backers are desperate to make Sunderland important again. These people are not viewing Sunderland as an investment opportunity."

    Murray denied he had been holding out for more money. "The suggestion is quite hurtful as the truth is actually the opposite. I've always put the club first. I've spent millions acquiring my shares as well as investing, and also given more than 20 years of my life to the club."
    oneill and alex mc leish already been sounded out about the job. Better be O Neill

  12. #32
    Capped Player A face's Avatar
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    Quote Originally Posted by Stuttgart88
    Pete, what conditions do you think are required to attact money from the same type of investors into the domestic game rather than abroad?

    Also, just out of info, what kind of annual salary would a player like George O'Callaghan earn at Cork?
    What in gods name does this have to do with this topic?? You're not very good at this debating lark are you, getting all muddled up like ya'are .... god bless us !!
    The SFAI are the governing body for grassroots football in Ireland, not the FAI. Its success or the lack of is all down to them.

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    International Prospect NeilMcD's Avatar
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    He said just out of info. It seem pretty clear to me that it was an aside and not part of the general debate.
    In Trap we trust

  14. #34
    Now with extra sauce! Dodge's Avatar
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    Quote Originally Posted by NeilMcD
    He said just out of info. It seem pretty clear to me that it was an aside and not part of the general debate.
    Nah it was a swipe.

    Let it go now...
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  15. #35
    Capped Player A face's Avatar
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    Quote Originally Posted by NeilMcD
    not part of the general debate.
    Above is my only concern, well that and the glaring lack of media interest that this is actually happening.
    The SFAI are the governing body for grassroots football in Ireland, not the FAI. Its success or the lack of is all down to them.

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    From the bbc sports web site, Quinn agrees deal at Sunderland

    Quinn remains hugely popular with the Sunderland fans
    Niall Quinn's consortium have reached a settlement on a £10m cash offer in their takeover bid for Sunderland.
    Quinn has an irrevocable agreement with the three major shareholders and now has a 21-day period to try and acquire the rest of the shares.

    Former chairman Bob Murray has given the Irishman permission to start looking for a new manager immediately.

    Ex-striker Quinn, 39, spent the last six years of his career on Wearside and was a hugely popular figure.

    Quinn said: "My consortium are buying into the wonderful potential at the club and wish to help enable it to regain the status it truly deserves.

    "I am personally delighted on behalf of my company Drumaville to be in position to present this offer to the shareholders of Sunderland.

    "We believe this hrealds a new beginning for Sunderland, but it's only going to happen if everyone comes together in a joint effort."

    Sunderland sacked former boss Mick McCarthy in March and Kevin Ball took temporary charge until the end of the season.

    Ball returned to his post in the club's academy after Sunderland were relegated and Kevin Richardson was appointed manager on 22 June until a new boss was in place.

    I really want to knit everybody back together again so the people of Sunderland will see what this club is all about

    Niall Quinn

    "Over the last few weeks, I've made it quite plain that I believe it's one of the greatest football clubs in the world that is in fantastic shape everywhere but on the pitch.

    "I hope that by being a former player here, by knowing what makes things tick at Sunderland, that I will add something intriguing and new that a chairman perhaps hasn't been in a position to do before here, all based with an emphasis to getting it right on the pitch.

    "I can't thank the people involved enough for allowing this to happen, especially Bob Murray, who agreed with me it was time for a difference to be made and paved the way for me to do that.

    "I really want to knit everybody back together again so the people of Sunderland will see what this club is all about, they will see the passion again and the football team can be reunited to the fans.

    "That's the biggest message I want to give about my term here.

    "I know what it's like when these fans are behind the team and the team plays to it's maximum potential.

    "I really firmly believe if I can reconnect the players to the people and the club in general to the people, and the passion flows around the stadium with its positive charges, this team will get back to where it deserves to be."
    The above is all opinion and based on personal experience. Unless stated otherwise it is not a dig at anybody, well probably none of you lot.

  17. #37
    International Prospect NeilMcD's Avatar
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    Quote Originally Posted by Dodge
    Nah it was a swipe.

    Let it go now...

    Well I have posted on this forum for a while and I dont think I have seen Stuttgart make a swipe at anybody on this forum but I will let him defend himself I suppose. Just dont think it was a swipe rather a question and a search for info.
    In Trap we trust

  18. #38
    Capped Player A face's Avatar
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    Quote Originally Posted by NeilMcD
    Well I have posted on this forum for a while and I dont think I have seen Stuttgart make a swipe at anybody on this forum but I will let him defend himself I suppose. Just dont think it was a swipe rather a question and a search for info.
    Alright ... rather than getting bogged down in this i'll answer it.

    Its not clear what he is exactly getting abut i can confirm its over €1000 a week.
    The SFAI are the governing body for grassroots football in Ireland, not the FAI. Its success or the lack of is all down to them.

  19. #39
    First Team Patrick Dunne's Avatar
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    Handy money for a pub league

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    Thanks Neil. It most definitely wasn't a swipe, just a genuine request for info as the precursor suggested. I didn't realise that a small digression is forbidden on foot.ie these days.

    Anyone who reads my posts will know that I'm a firm advocate of doing whatever we can to keep our best young players in Ireland rather than scrapping away in the lower leagues in the UK. Whether we can afford to pay them on the same terms is a pretty obvious factor.

    Also, consistent with the early posts on this thread is the issue of investing at home rather than abroad. In making a back of the envelope estimate of how much would be required to invest in and improve a good eL club, knowing what a good players expects to earn is a pretty key factor. I posed the question to Pete, and about George O'Callaghan, as (a) Pete was on the forum at the time (he responded to the first post within seconds), and (b) of all the people on this board I reckoned he'd have a good idea.

    Dodge, you couldn't have been further off the mark in stating it was a swipe and I trust you & A Face are satisfied as such. I'm actually amazed the original intent could be distorted so much. If I'd wanted to take a swipe at anyone or anything trust me, I'd leave no room for ambiguity.

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