Statement from McCabe - Official Site

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Quite a convenient 'guess' for you, being anti-McCabe.

My 'guess' is that you are talking out your backside. Even if the money has come out of Scarborough Grup and saved him a few bob in Corporation Tax, it was still real pound notes being injected to SAVE OUR CLUB.

The deluded-massive think Chansiri is some kind of god because he has gone for a short term 'shit or bust' gamble, but he is way behind McCabe in the financial commitment stakes.

McCabe seems to get little credit and plenty think it is his 'job' to keep plugging the losses. We have a proper local benefactor with the long term health of the club at heart. Be careful what you wish for and all that....

Shame you only read what you want to and make your own half arsed assumptions. I'm honest about McCabe unlike some. I give credit where it is due and right now he is getting credit. He appointed Wilder so credit to him. He helped get us to the Premiership and credit to him for that. But he also made some god awful mistakes making SUFC into what in my opinion became a vanity project. It's taken him several years to get his head out of his arse and I'm as pleased as anyone he finally seems to have started getting it right.

I can pretty much guarantee you however Kevin McCabe and his family have more money than they can possibly spend. He is still to my understanding a tax exile living elsewhere so as not to pay UK taxes. He has hundreds of millions and has risked none of his personal money on SUFC. All debts and loans are ringfenced. I know the usuals will gather round in a collective felching session for KM but I'd rather praise where due without been a sycophant. He has done some good work but boy has he been shite in between.
 

That's right.

Like all businesses which make a loss, the shortfall has to be made up to avoid insolvency. I don't see why McCabe deserves any special credit for doing what every sensible owner does.

But unlike a private business owner who has to mortgage his house for instance KM just juggles loans out of one company into another. He doesn't privately nip off to the ATM and draw some cash out. Although to listen to some he sells big issue and lives in a box he's put so much money in.
 
Shame you only read what you want to and make your own half arsed assumptions. I'm honest about McCabe unlike some. I give credit where it is due and right now he is getting credit. He appointed Wilder so credit to him. He helped get us to the Premiership and credit to him for that. But he also made some god awful mistakes making SUFC into what in my opinion became a vanity project. It's taken him several years to get his head out of his arse and I'm as pleased as anyone he finally seems to have started getting it right.

I can pretty much guarantee you however Kevin McCabe and his family have more money than they can possibly spend. He is still to my understanding a tax exile living elsewhere so as not to pay UK taxes. He has hundreds of millions and has risked none of his personal money on SUFC. All debts and loans are ringfenced. I know the usuals will gather round in a collective felching session for KM but I'd rather praise where due without been a sycophant. He has done some good work but boy has he been shite in between.

I might stand corrected on this but isn't he back living in the UK now
 
I might stand corrected on this but isn't he back living in the UK now

Hence why I said to my understanding. The rest of it still hangs whether he is uk based or abroad.
 
Bush , Acton is looking good with student accommodation .

There is a lot of building taking place in and around BDTBL .

May have been a bit over the top , but the ground is worth a financial killing if ever sold .
That's North Acton. Central Acton's been out of my price range for a long time.

The problem with the sale of the Lane is that you'd have to build a new stadium and that would seriously impact on your profit. If you could get past the protest groups and get planning consent.

Plenty of people have claimed BL is a great development site but no one has ever posted a credible development plan on here to back it up.

Maybe I'm wrong because I don't know the market in Sheffield but I'm not going to believe it just because someone says so.
 
That's North Acton. Central Acton's been out of my price range for a long time.

The problem with the sale of the Lane is that you'd have to build a new stadium and that would seriously impact on your profit. If you could get past the protest groups and get planning consent.

Plenty of people have claimed BL is a great development site but no one has ever posted a credible development plan on here to back it up.

Maybe I'm wrong because I don't know the market in Sheffield but I'm not going to believe it just because someone says so.

Do agree with you . My point but may have been poorly made is past chairman tried to purchase BDTBL not for football reasons . I remember a feasibility study being carried out for us to move to Don Valley , with the ground being sold . The back of the Kop was owned by Steve Hinchliffe Facia Group .

A new student accommodation block is being constructed on Denby Street and the other corner of John Street. It is a prime area for development , and any investors with not having McCabe at the helm , could ride rough shod and sell the ground for self interest . That's my worry. A ground share scheme can always be brokered .

I am glad the club is in the hands of McCabe and his companies .

As a side issue , I have done 2no schemes in Acton which I love as a area . The old BBC costume store was converted into student accommodation .

Based in Cherstsey some times
 
Do agree with you . My point but may have been poorly made is past chairman tried to purchase BDTBL not for football reasons . I remember a feasibility study being carried out for us to move to Don Valley , with the ground being sold . The back of the Kop was owned by Steve Hinchliffe Facia Group .

A new student accommodation block is being constructed on Denby Street and the other corner of John Street. It is a prime area for development , and any investors with not having McCabe at the helm , could ride rough shod and sell the ground for self interest . That's my worry. A ground share scheme can always be brokered .

I am glad the club is in the hands of McCabe and his companies .

As a side issue , I have done 2no schemes in Acton which I love as a area . The old BBC costume store was converted into student accommodation .

Based in Cherstsey some times
The money they charge for student accommodation is ridiculous. Must have the best return per square foot outside Mayfair and Belgravia. I was involved in some in Luton and you could have probably bought somewhere with lower mortgage payments than the rent on those.

Surely there has to be a saturation point though. Or can the universities just keep expanding? When I first moved to London there was nothing in North Acton, just a few flats and houses. Since they built the TVU campus it's been hugely redeveloped. I should have bought there when it was cheap.
 
Do agree with you . My point but may have been poorly made is past chairman tried to purchase BDTBL not for football reasons . I remember a feasibility study being carried out for us to move to Don Valley , with the ground being sold . The back of the Kop was owned by Steve Hinchliffe Facia Group .

A new student accommodation block is being constructed on Denby Street and the other corner of John Street. It is a prime area for development , and any investors with not having McCabe at the helm , could ride rough shod and sell the ground for self interest . That's my worry. A ground share scheme can always be brokered .

I am glad the club is in the hands of McCabe and his companies .

As a side issue , I have done 2no schemes in Acton which I love as a area . The old BBC costume store was converted into student accommodation .

Based in Cherstsey some times
And yes, Chertsey. Very posh. I couldn't afford a tent in Chertsey.
 
The money they charge for student accommodation is ridiculous. Must have the best return per square foot outside Mayfair and Belgravia. I was involved in some in Luton and you could have probably bought somewhere with lower mortgage payments than the rent on those.

Surely there has to be a saturation point though. Or can the universities just keep expanding? When I first moved to London there was nothing in North Acton, just a few flats and houses. Since they built the TVU campus it's been hugely redeveloped. I should have bought there when it was cheap.

Did a student accommodation in Paris Gardens next to Talk Sport . The monthly cost is £2000 per month and the accommodation is 100% fully occupied .

The money for investment is foreign and the majority of students foreign.

Also did the large towers of student accommodation in Wembley .

I thought 3 years ago we would hit saturation point but it is a market that continues to grow .

A Russian individual has just spent under 1 billion buying up student accommodation in London .

Allegedly student accommodation has become the new washing machine of money .
 
Hence why I said to my understanding. The rest of it still hangs whether he is uk based or abroad.


Only, felch felch, it doesn't. Care to explain how the Scarborough loans are "ring fenced" for example?
 
Only, felch felch, it doesn't. Care to explain how the Scarborough loans are "ring fenced" for example?

Its a safe (and legal of course) way to move money around without it actually being out of your own bank account. Company A loans money to company B. So long as company B doesn't go bust it just keeps on paying. If company A writes off the debt then so be it but it hasn't made the owner poorer, just his company worth a few less quid for now. Financial crash did far more damage to McCabe industries than SUFC could ever wish to. McCabe isn't poorer out of this personally. Just my opinion of course but you and I are never going to agree on this so I'd suggest we move along.
 
Its a safe (and legal of course) way to move money around without it actually being out of your own bank account. Company A loans money to company B. So long as company B doesn't go bust it just keeps on paying. If company A writes off the debt then so be it but it hasn't made the owner poorer, just his company worth a few less quid for now. Financial crash did far more damage to McCabe industries than SUFC could ever wish to. McCabe isn't poorer out of this personally. Just my opinion of course but you and I are never going to agree on this so I'd suggest we move along.

That doesn't explain why the loans are "ring fenced", which would suggest that that are safe and recoverable. Which with negative equity on all the relevant balance sheets is not the case.

McCabe owns the job lot. When and if any company writes the loans off it reduces his wealth. That's not hard to understand irrespective of any financial nous.

We won't agree because the actual facts - as opposed to biased unproven opinions - regarding McCabe United and finance are an issue for you.

So much of the above "claim" is wrong. Moving on may be the best thing for you on this.
 

That doesn't explain why the loans are "ring fenced", which would suggest that that are safe and recoverable. Which with negative equity on all the relevant balance sheets is not the case.

McCabe owns the job lot. When and if any company writes the loans off it reduces his wealth. That's not hard to understand irrespective of any financial nous.

We won't agree because the actual facts - as opposed to biased unproven opinions - regarding McCabe United and finance are an issue for you.

So much of the above "claim" is wrong. Moving on may be the best thing for you on this.

You see you can't help but be a patronising overlord who has to be "right". You are more like WWF than you think.
 
Its a safe (and legal of course) way to move money around without it actually being out of your own bank account. Company A loans money to company B. So long as company B doesn't go bust it just keeps on paying. If company A writes off the debt then so be it but it hasn't made the owner poorer, just his company worth a few less quid for now. Financial crash did far more damage to McCabe industries than SUFC could ever wish to. McCabe isn't poorer out of this personally. Just my opinion of course but you and I are never going to agree on this so I'd suggest we move along.
I may be misinterpreting but it seems that what you're saying is that if I set another company up and lend it money through my existing business, the new company can spend all the money but if I write the debt off, I still have the money. That sounds great.
 
You see you can't help but be a patronising overlord who has to be "right". You are more like WWF than you think.


You clearly don't like to be told you're posting pompous superior inaccurate bollocks. Which you do regularly. The answer is to know what you're talking about. Or in this case understand the concept of ring fencing. It's less embarrassing for you that way.
 
I may be misinterpreting but it seems that what you're saying is that if I set another company up and lend it money through my existing business, the new company can spend all the money but if I write the debt off, I still have the money. That sounds great.


I'm selling the idea to my clients. They'll love it.









Well the ones who can't read nor write will.
 
Shame you only read what you want to and make your own half arsed assumptions. I'm honest about McCabe unlike some. I give credit where it is due and right now he is getting credit. He appointed Wilder so credit to him. He helped get us to the Premiership and credit to him for that. But he also made some god awful mistakes making SUFC into what in my opinion became a vanity project. It's taken him several years to get his head out of his arse and I'm as pleased as anyone he finally seems to have started getting it right.

I can pretty much guarantee you however Kevin McCabe and his family have more money than they can possibly spend. He is still to my understanding a tax exile living elsewhere so as not to pay UK taxes. He has hundreds of millions and has risked none of his personal money on SUFC. All debts and loans are ringfenced. I know the usuals will gather round in a collective felching session for KM but I'd rather praise where due without been a sycophant. He has done some good work but boy has he been shite in between.



I’d agree with that.


Pros- Has built our support with good pricing and marketing of the club.

Has helped develop the stadium with our lovely DESSO pitch.

Has brought Saudi investment to the club.

Developed the academy.

Has finally landed on a good manager.



Cons

Awful, awful decision making when it comes to the hiring and firing of managers for a pretty much uninterrupted 10 year period.


Fell for the Nigerian prince, Jacob Esan and used it as a comforter as he gave Stephen Quinn away.


Awful PR at times in terms of “Beattie flu”, “no longer have to sell our young stars” “fans don’t know what to look for in a manager”- This from the bloke who appointed Bryan Fucking Robson!!!!
 
I don't agree that Bramall Lane is a Premier League stadium

It looks ok from the inside but it looks like a shed on the outside
 
I’d agree with that.


Pros- Has built our support with good pricing and marketing of the club.

Has helped develop the stadium with our lovely DESSO pitch.

Has brought Saudi investment to the club.

Developed the academy.

Has finally landed on a good manager.



Cons

Awful, awful decision making when it comes to the hiring and firing of managers for a pretty much uninterrupted 10 year period.


Fell for the Nigerian prince, Jacob Esan and used it as a comforter as he gave Stephen Quinn away.


Awful PR at times in terms of “Beattie flu”, “no longer have to sell our young stars” “fans don’t know what to look for in a manager”- This from the bloke who appointed Bryan Fucking Robson!!!!


Turry Robinson actually persuaded McCabe to appoint Robson although Kevin McCabe takes the whole blame for letting the pair of them not only have his pants down but For listening to the daft twat in the first place.

The most amazing thing was keeping him on as a director for around another three plus years.

By far the worst decision he's made. All the other desperate appointments are a consequence of that decision.
 
Turry Robinson actually persuaded McCabe to appoint Robson although Kevin McCabe takes the whole blame for letting the pair of them not only have his pants down but For listening to the daft twat in the first place.

The most amazing thing was keeping him on as a director for around another three plus years.

By far the worst decision he's made. All the other desperate appointments are a consequence of that decision.

Some people liked Robinson . Never got on with him , thought he was a twat . He certainly had McCabes ear for a time. As you say set the benchmark even up to today .
 
I don't agree that Bramall Lane is a Premier League stadium

It looks ok from the inside but it looks like a shed on the outside

Well Turf Moor is a Premier League Stadium.....
 
I’d agree with that.


Pros- Has built our support with good pricing and marketing of the club.

Has helped develop the stadium with our lovely DESSO pitch.

Has brought Saudi investment to the club.

Developed the academy.

Has finally landed on a good manager.



Cons

Awful, awful decision making when it comes to the hiring and firing of managers for a pretty much uninterrupted 10 year period.


Fell for the Nigerian prince, Jacob Esan and used it as a comforter as he gave Stephen Quinn away.


Awful PR at times in terms of “Beattie flu”, “no longer have to sell our young stars” “fans don’t know what to look for in a manager”- This from the bloke who appointed Bryan Fucking Robson!!!!

You missed out firing of Blackwell and Wilson without any plan, Chengdu, Brazil and Australian ventures. Belgian connections to get players in from Africa to negate Work Permit situation, Europe in 5 years just off the top of my head. But yeah you are balanced in your summary as I see it.
 
Inside and out , to me it looks like a proper football ground . That's how it should be IMO .

I think it's amongst the best in the country for combined atmosphere and how it looks. You can keep your concrete bowls of tourists BDTBL is a proper stadium. McCabe does deserve credit for that.
 
I don't agree that Bramall Lane is a Premier League stadium

It looks ok from the inside but it looks like a shed on the outside
Purely based on capacity it is the 16th largest club stadium in the English leagues.

https://en.wikipedia.org/wiki/List_of_football_stadiums_in_England

Facilities wise it is probably average compared to other grounds of a similar size.

With regards to atmosphere, on its day it is up there with the best in the country.
 

I’d agree with that.


Pros- Has built our support with good pricing and marketing of the club.

Has helped develop the stadium with our lovely DESSO pitch.

Has brought Saudi investment to the club.

Developed the academy.

Has finally landed on a good manager.



Cons

Awful, awful decision making when it comes to the hiring and firing of managers for a pretty much uninterrupted 10 year period.


Fell for the Nigerian prince, Jacob Esan and used it as a comforter as he gave Stephen Quinn away.


Awful PR at times in terms of “Beattie flu”, “no longer have to sell our young stars” “fans don’t know what to look for in a manager”- This from the bloke who appointed Bryan Fucking Robson!!!!
Interesting interview with Simon Jordan on talksport this morning. I didn't catch all of it as I was torn between dicking around on here, listening to it and trying to do some work but I did here him talking about 'strange managerial appointments'. He was discussing the clubs in trouble with incompetent owners like Orient and Blackburn.

His view is that a competent owner should be getting at least half his managerial appointments right and that many of the poor owners make appointments that are 'odd'. That is to say, appointments which just can't really be justified before or after. I took that to mean an appointment like Steve Keen or the French bloke that Forest sacked a few weeks ago.

Some managers just don't work out. Like us with Adkins; on paper it should have been fine but in reality it was a bit of a disaster. But you can't 'blame' McCabe for that, it's just how it panned out. But some appointments, I suppose in our case I'd say Blackwell, Weir and Wilson, were asking for trouble. In Blackwell and Weir's case, not experienced enough to do the job and appointed at a time when we just didn't have the time for them to learn by their mistakes, and in Wilson's case, a cv that demonstrated he was average at best when a good manager would have taken us straight back up, irrespective of the Evans business.

And all this stems from the appointment of Robson, the ultimate in misguided decision making. That mistake cascades downwards to cause future problems, which are then compounded by more poor appointments.

He then went on to talk about communication and how poor communication or a lack of communication makes them look even worse in the eyes of the supporters and causes further deterioration in the relationship between the supporters and the owners.

The last thing I picked up on was how important it is for everyone at the club to be united in achieving one goal, from the chairman down to the players.

We've gone from the first two paragraphs to the third. KM has made some horrendous errors but, unlike some of the owners, has put his hands up and taken the cost of them on the chin. Maybe he's got a bit lucky with CW but his previous two appointments have been OK on paper too. No one raised their eyebrows at the appointment of Clough or Adkins (I mean in the game, I know someone will have criticised them on here but you could appoint Mourinho or Conte and someone on here would say it's shit) and if you keep appointing people who should be able to do the job, you will eventually get someone who can.

So I don't think appointing CW was down to luck as much as it was down to improving our recruitment process. Getting someone as 'special' as Wilder may turn out to be, is a bit fortunate. But as we've all stood together (more or less, with the odd disagreement and rant); the supporters have continued to turn out in numbers, the owners have continued to lose money trying to take us forward, then we probably deserve a bit of good fortune. We've not had much in the last ten years.
 

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