A view on this from Adam Blackmore (Who knew about this in advance):
Contrary to some newspaper reports and gossip, this is not in any way an investment or stake in the club by MSD - they loan money like a bank, and have no interest in buying a football club.
They set up a new Uk business to hold the cash and create the facility for the club to use when they need to, as per their agreement.
It has absolutely nothing to do with Sunderland or Derby, or anything else.
Like I said, it’s a commonplace practise for clubs to use a 3rd part loan facility to help cash flow and bridge the periods between TV staged payments. Saints have done it before, and I’m sure they’ll do it again. They have always used banks , not owners, and will keep doing it that way.
Most clubs have them.
This is not a drama….it’s about changing lender and having a new loan facility to help cash flow through Covid downturn – and the big thing – it enables the club to keep building around Ralph, as they want to do.
It is a positive –Saints are taking care of business in a global crisis, and are ahead of most clubs in this.
Well clear of relegation with 6 games to go, new contracts signed, good core of English players, and they want to progress as planned, and this enables them to do that.
It also gives them strength to negotiate on the front foot, with player sales or purchases. A lot of clubs are going to struggle to buy players in one lump now, so maybe if Saints get a good deal for a player they want to sell, but the club can’t pay it all up front, it enables Saints to take staged payments instead of taking cut-price money for a player……this keeps the money coming in, and is power to their elbow.
I think Toby Steel should take a lot of credit for being shrewd and canny, and getting Saints ahead of the curve and other clubs.