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SteelCityBlade

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So it seems the Prince and KM have gone out cap in hand?

Not being an arsehole here, but maybe someone can explain this to me so I fully understand, but where has the Prince's money gone? Is he not allowed to invest? Or does he not have the money we thought he did?
 

Look at it like this mate. KM and the Prince's combined wealth is still hundreds of millions behind owners of other clubs at this level who are considered smaller clubs.

PNE one example.
 
My reading of this (and in recent years) is that KM and the Prince invest enough each year to cover any of the club's losses and to give the manager a fighting chance with a decent budget. As benefactors they are making a loss each year and I suspect there is a limit on how much they are prepared to lose seen as though both have personal worth in the tens of millions rather than billions.

The Championship is a different game financially and whilst our curent funding won't give us the worst budget we are far off the highest. More money will be needed from somewhere to kick us to the next level financially. We will be punching above our weight in the meantime.
 
Look at it like this mate. KM and the Prince's combined wealth is still hundreds of millions behind owners of other clubs at this level who are considered smaller clubs.

PNE one example.

Fair point. It's always good understand where we sit financially. There is always a lot of talk about how wealthy the Prince is, but i appreciate it isn't always easy to see where and how this wealth is spent
 
Fair point. It's always good understand where we sit financially. There is always a lot of talk about how wealthy the Prince is, but i appreciate it isn't always easy to see where and how this wealth is spent
It is if you look at the accounts. They show increasing losses over the last five years. Last year's haven't come out yet and I suspect we lost less last season than the previous one.
 
Wasn't the Prince's agreement to invest £20M initially ? He could easily have done all of that money in covering losses. I don't think there is any other statement above "more will be available once in the Championship ".

Up-to-date figures on wealth are impossible to find but both Kev and the Prince have been estimated to have wealth of £100M each. Both extremely wealthy by any standards but nowhere near as wealthy as many other owners.

I'm not surprised they are looking at other sources but they'll want to maintain control. It'll be hard to compete financially when half the division has substantial parachute payments and others are happy to throw money at it.

Our ace card is Wilder, let's hope he finds value for money. He'll do for me.
 
Maybe another factor is how the Championship has changed since were last in it and clubs think nothing of throwing £10m at shit. Sure we can try the Huddersfield route but that still costs a fortune in expenditure outside of transfer fees. Interesting year ahead methinks.
 
Maybe another factor is how the Championship has changed since were last in it and clubs think nothing of throwing £10m at shit. Sure we can try the Huddersfield route but that still costs a fortune in expenditure outside of transfer fees. Interesting year ahead methinks.

Definitely, is going to be an interesting year. I'm looking forward to it, to be honest. Let's hope the key is Wilder and that we at very least stay in the league. Anything more than that in my opinion is icing on the proverbial cake and we can build after that
 
I think the original plan was to break out of league one straight away and put the princes money to work in the championship.

As it worked out he spent his investment in league one after the numerous failed attempts of promotion and In that time the game changing investment is no longer game changing with the level of investment alot of other championship clubs have received in that time.
 
I think the original plan was to break out of league one straight away and put the princes money to work in the championship.

As it worked out he spent his investment in league one after the numerous failed attempts of promotion and In that time the game changing investment is no longer game changing with the level of investment alot of other championship clubs have received in that time.
Or maybe it was just a load of spin from board level? It's not something that's unfamiliar with Sheffield United.....
 
Or maybe it was just a load of spin from board level? It's not something that's unfamiliar with Sheffield United.....

I imagine it crops up in conversation between Kev and the Prince from time to time. Sadly, and of course I could be wrong regarding this, my gut feeling is that until we're an attractive proposition to prospective investors, meaning that we look like a good bet for promotion, only then will we find an investor(s) who will join us and contribute the type of money we'll need. Which begs the question of what happens to the money we'll receive from TV?
 
Neither up to job in cash terms. They will look to cash in this season hoping we get a good start.
 
I think the original plan was to break out of league one straight away and put the princes money to work in the championship.

As it worked out he spent his investment in league one after the numerous failed attempts of promotion and In that time the game changing investment is no longer game changing with the level of investment alot of other championship clubs have received in that time.
I agree. Our owners thought that chucking money at promotion would guarantee it. What they didn't factor in is that other clubs were spending big too. We maintained a high wage bill but not significantly more than our rivals.

It's worth remembering that after the farce of sacking Wilson and replacing him with a youth team coach we couldn't actually attract a decent manager and ended up with another youth team coach. We were in deep shit. Without the Princes money, we wouldn't have attracted Clough, or anybody even remotely competent.

I think the Prince has worked out that his money has been wasted because we were badly run. CW has papered over a lot of cracks. If he left tomorrow I'd expect us to be relegated.
 
My thoughts on this are that if we didn't have the Prince on board we'd have still had David Weir, Nigel Clough or Nigel Adkins on board, have a think about that for a few seconds.
 

I agree. Our owners thought that chucking money at promotion would guarantee it. What they didn't factor in is that other clubs were spending big too. We maintained a high wage bill but not significantly more than our rivals.

It's worth remembering that after the farce of sacking Wilson and replacing him with a youth team coach we couldn't actually attract a decent manager and ended up with another youth team coach. We were in deep shit. Without the Princes money, we wouldn't have attracted Clough, or anybody even remotely competent.

I think the Prince has worked out that his money has been wasted because we were badly run. CW has papered over a lot of cracks. If he left tomorrow I'd expect us to be relegated.
You've sort of illustrated my point mate, thanks.
 
So it seems the Prince and KM have gone out cap in hand?

Not being an arsehole here, but maybe someone can explain this to me so I fully understand, but where has the Prince's money gone? Is he not allowed to invest? Or does he not have the money we thought he did?

He spent it all on tins of tuna.
 
We ain't got a barrel of money,
WE ain't got Woodward and Currie,

WE didn't then and we ain't now.

Battling against adversity is the Blades way.
 
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People's perception of 'game changing' seems to stretch only as far as a bigger transfer and wage budget (which it could be argued are larger than they would have been without the Prince). I'd suggest that it goes further than that.

It was clear before the Prince's involvement that we were in a sorry state financially. We still had large debts (subsequently written off by McCabe after the Prince stepped in), a large wage bill and worsening losses. His involvement has meant that it's no longer a NECESSITY for us to sell our best players annually in order to recoup some of those losses. Please note the emphasis, it's important, as it doesn't mean we don't still sell players, it just means we don't have to. We have more power to resist offers for our players, but ultimately as we know player power still reigns supreme. However, we are in a position to get more money for our talent - Jamie Murphy and Harry Maguire, while not perfect deals by any means, showed a glimpse of some fight (we knocked back several bids) and we received decent deals for them. There is evidence to suggest that much of that money was put back into the first team, although it was largely wasted until just over a year ago...

I think the mis-interpretation of the investment, which can largely be attributed to silly phrases spouted by McCabe and Phipps ("think Liverpool"), is the issue and not the investment itself. I for one appreciate it and welcome any further investment the Prince can source for us. That said, I think there is a decent amount of money already available to Wilder, who I believe is currently playing his cards close to his chest. I wouldn't be surprised to see a couple of big (relatively) signings this window and our levels of spending increasing substantially over the next couple of years at a sensible rate.
 
My thoughts on this are that if we didn't have the Prince on board we'd have still had David Weir, Nigel Clough or Nigel Adkins on board, have a think about that for a few seconds.


I don't think Adkins....I reckon he was the one they thought they would chuck the cash at with the big salary and backroom team, plus some silly wages.
 
Jamie Murphy and Harry Maguire, while not perfect deals by any means, showed a glimpse of some fight (we knocked back several bids) and we received decent deals for them. There is evidence to suggest that much of that money was put back into the first team,

Cough.......Desso.....cough


I'm sure pommpey will be along shortly to put you right.

Good sensible post but please understand that this will never catch on.
 
Or maybe it was just a load of spin from board level? It's not something that's unfamiliar with Sheffield United.....

Neither is the tiresome agenda of our less intelligent fans against the chairman. That's very familiar indeed.

Who do you think makes up the substantial deficit between income and expenditure every year? Perhaps you do? Or is that spin too.

Blades fans - specialists in football finance.
 
Neither is the tiresome agenda of our less intelligent fans against the chairman. That's very familiar indeed.

Who do you think makes up the substantial deficit between income and expenditure every year? Perhaps you do? Or is that spin too.

Blades fans - specialists in football finance.
- since 1889
 
New sponsors for next season are................ KUWATI OIL!!!! KERCHING!!!!!!!!!!!!!!!!!
 
I don't think Adkins....I reckon he was the one they thought they would chuck the cash at with the big salary and backroom team, plus some silly wages.
That's my point mate, the Prince has had a huge impact since he's been here and not many people seem to realise it. McCabe said he wasn't willing to put anymore money in other than to cover the losses, this is where the Prince came in.
 

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