[denphone]

Originally Posted by 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.

Good grief that is as dodgy as it can get..