[adzii_nufc]

Fairly dire news coming out of Sunderland football club. The clubs parachute payments were used by the owners to leverage the buyout and haven't been paid back along with a £3 million investment from a Uruguayan politician in return for 20% of the club turning out to be an investment of £1, not a million, a literal quid. It all balanced on new owners being found whom have since pulled out of the deal and now Sunderland face a £16 million shortfall and certain administration.

Just to clarify how dodgy this was. The owners used the club to write off the parachute payments debt they borrowed.