HRH in for real estate

[coolhandluke]

Oh I know that it was McCabe who started the process, I’m just not as sure as some on here seem to be that he did it in order to force the Prince’s hand. As I said earlier, Jim Phipps’ comments don’t seem to reflect that it was an unexpected move.

Out of interest, why did he do it ?

Apologies .... came across as a little bit blunt that question . I'll ask again . Why do you think McCabe did it ?

 

[Bladesthorpe]

I haven't got a letter yet ref the rearrangement.

Got mine, next Saturday 10am at the Copthorne before the Forest game.

 

[LJBlade]

Out of interest, why did he do it ?

Apologies .... came across as a little bit blunt that question . I'll ask again . Why do you think McCabe did it ?

I’ve no idea, and that’s sort of point. Nobody really knows but a lot are assuming something negative.

As I said, Phipps’ comments made it sound like it was something planned all along. Maybe McCabe was planning on doing it at some point ever since the Prince arrived.

 

[Nicolaus_Copernicus]

I’ve no idea, and that’s sort of point. Nobody really knows but a lot are assuming something negative.

As I said, Phipps’ comments made it sound like it was something planned all along. Maybe McCabe was planning on doing it at some point ever since the Prince arrived.

If the 'buy out' clause was a purely positive one in favour of the Prince, he'd just action it himself as opposed to actioning it after KM has initiated the process. The fact that this isn't the case would straight away suggest that the matter is being led by KM to either force a sale or break the agreement. I just have a hunch that if the whole thing was a transaction between willing buyer & willing seller, then we would have had joint announcements on completion of the deal and a nice photo of the pair of them shaking hands & smiling.

 

[super_pig]

I haven't got a Scooby Doo what all this is about.

does anyone speak Dooish who could translate??
not my favourite thread this. it's all pointless speculation. how about 'the weather next thursday will be.. '
#tylergonenotforgotten

 

[LJBlade]

If the 'buy out' clause was a purely positive one in favour of the Prince, he'd just action it himself as opposed to actioning it after KM has initiated the process. The fact that this isn't the case would straight away suggest that the matter is being led by KM to either force a sale or break the agreement. I just have a hunch that if the whole thing was a transaction between willing buyer & willing seller, then we would have had joint announcements on completion of the deal and a nice photo of the pair of them shaking hands & smiling.

Why would it ‘straight away’ suggest that? How do you know that there isn’t a good reason for why McCabe had to be the one to instigate the process? You might be correct but there’s no evidence for it but your stance is automatically a negative one.

How do you explain Phipps’ comments straight after the announcement? It made it sound like it had been in the pipeline for quite a while.

 

[coolhandluke]

Why would it ‘straight away’ suggest that? How do you know that there isn’t a good reason for why McCabe had to be the one to instigate the process? You might be correct but there’s no evidence for it but your stance is automatically a negative one.

How do you explain Phipps’ comments straight after the announcement? It made it sound like it had been in the pipeline for quite a while.

Why is the idea that McCabe is forcing the issue " automatically negative " ?

 

[LJBlade]

Why is the idea that McCabe is forcing the issue " automatically negative " ?

Because it insinuates that things aren’t as rosy as they could be

 

[RealMcCoy]

Where is it clear that McCabe kicked this process off?

 

[coolhandluke]

Because it insinuates that things aren’t as rosy as they could be

But if things were as rosy as they could be this 'separation ' wouldn't be happening .

Furthermore if , as you claim , this is all part of an already agreed strategy why hasn't there been a joint announcement and/or a joint statement of intent ? Why wasn't this agreed plan announced as part of an overall strategy when the Prince first came on board ?

Don't get me wrong here, boardroom ' manoeuvring ' or ' turmoil ' is the last thing I want to see . Indeed, one of the many plaudits KM deserves deserves during his lengthy tenure at the helm is the stability he's brought to the Club at the very top . Like him or loathe him he holds his hands up when he's made mistakes and is always prepared to face the music when the need arises. Likewise he's not some media hungry whore that likes the sound of his own name being bandied about by the media . He's been at the helm for a long long time and that's been as reliable as night following day .

For me , for McCabe to initiate what he has when he has is a very clear indication that something's happened that he's unhappy with . Does that mean we'll witness KM and HRH facing each other over the table but only communicating with each other via intermediaries ? Of course not . It's a professional disagreement and that's exactly how it will be resolved. ... professionally .

 

[sheffielder]

Where is it clear that McCabe kicked this process off?

I don’t think it’s clear. From what I have read McCabe and co did trigger it from an agreement standpoint. But who is to say how we that if the Prince put a £30m bank guarantee on the table this doesn’t enforce the trigger from the other party.

Considering the meeting with the fans and McCabe has taken a further two weeks to take place I doubt personally that anything is imminent.

 

[LJBlade]

But if things were as rosy as they could be this 'separation ' wouldn't be happening .

Furthermore if , as you claim , this is all part of an already agreed strategy why hasn't there been a joint announcement and/or a joint statement of intent ? Why wasn't this agreed plan announced as part of an overall strategy when the Prince first came on board ?

Don't get me wrong here, boardroom ' manoeuvring ' or ' turmoil ' is the last thing I want to see . Indeed, one of the many plaudits KM deserves deserves during his lengthy tenure at the helm is the stability he's brought to the Club at the very top . Like him or loathe him he holds his hands up when he's made mistakes and is always prepared to face the music when the need arises. Likewise he's not some media hungry whore that likes the sound of his own name being bandied about by the media . He's been at the helm for a long long time and that's been as reliable as night following day .

For me , for McCabe to initiate what he has when he has is a very clear indication that something's happened that he's unhappy with . Does that mean we'll witness KM and HRH facing each other over the table but only communicating with each other via intermediaries ? Of course not . It's a professional disagreement and that's exactly how it will be resolved. ... professionally .

Again, to all your questions, I don’t know and nobody knows. The only person close to the owners who has publicly said something is Jim Phipps and what he said suggested that this was something that has been planned for a while.

All you’re saying is ‘I have no idea what’s happening but I’m going to assume there’s been a falling out’.

 

[Sean Thornton]

Where is it clear that McCabe kicked this process off?

His Royal Highness Prince Abdullah Bin Mosa'ad Abdulaziz Al Saud (the Prince) and Kevin McCabe are in discussions regarding the transfer of ownership and control and Sheffield United Football Club to the Prince.

Sheffield United Football Club is part of the Blades Leisure Limited group, a joint venture between Sheffield United Limited, controlled by the McCabe family, and companies controlled by the Prince.

Ownership of Blades Leisure Limited is governed by an Investment Agreement dated 30th August 2013 which provides for the transfer of control of Blades to the Prince. The Investment Agreement also includes a provision for the transfer of the Club in certain circumstances of the freeholds of Bramall Lane Stadium (and the long leasehold interests in the Copthorne Hotel and Enterprise Centre) plus Shirecliffe Academy and the Junior Development Centre at Crookes.

In response to a process commenced by Sheffield United Limited, on 26th January 2018 UTB LLC, a company controlled by the Prince, served a notice exercising an option to purchase the remaining 50% of Blades Leisure from Sheffield United Limited. Both parties are currently in negotiation with regard to the remaining provisions in the Investment Agreement and hope to come to a final settlement in the near future.

The Prince and Kevin McCabe want to reassure everyone connected to the club that the current negotiations and transfer of ownership will have no impact on the club's management and its staff.

 

[Sean Thornton]

I don’t think it’s clear. From what I have read McCabe and co did trigger it from an agreement standpoint. But who is to say how we that if the Prince put a £30m bank guarantee on the table this doesn’t enforce the trigger from the other party.

Considering the meeting with the fans and McCabe has taken a further two weeks to take place I doubt personally that anything is imminent.

If HRH had placed a bank guarantee then he would have commenced the process. If the statement on the OS is correct, it clearly was started by the McCabes. Lots of people including the local media missed that nuance at the outset.

At the end of the day, who started it is a lot less important than who will end up with the club and what effect it will have in the future.

 

[coolhandluke]

Again, to all your questions, I don’t know and nobody knows. The only person close to the owners who has publicly said something is Jim Phipps and what he said suggested that this was something that has been planned for a while.

All you’re saying is ‘I have no idea what’s happening but I’m going to assume there’s been a falling out’.

McCabe himself HAS said something about the " co-owner/investment " situation at the Lane .

Have a look at the video of KM at the University of Sheffield where he attends a Q+A session with Chris Wilder .

For a more general chat around the issue of investment right now skip to the 28.00 minute mark for KM and CW's thoughts . More specifically however skip to the 32.00 minute mark for KM's direct comments in relation to a question about HRH's continued interest and motivation in the Blades . What you will hear is about as close as it's possible to get to hearing a wily old diplomat like KM telling us directly that HRH hasn't done what KM expected in relation to investment .


https://digitalmedia.sheffield.ac.u...ary+2018,+Octagon+Centre./0_1z2ts3a5/87272921

 

[Sean Thornton]

Again, to all your questions, I don’t know and nobody knows. The only person close to the owners who has publicly said something is Jim Phipps and what he said suggested that this was something that has been planned for a while.

All you’re saying is ‘I have no idea what’s happening but I’m going to assume there’s been a falling out’.

Where does Jims statement suggest it's been planned for a while? The words "glad it's out there" ? Because the SU Ltd statement clearly states the process commenced late January 2018, so just a couple of weeks.

 

[Sean Thornton]

McCabe himself HAS said something about the " co-owner/investment " situation at the Lane .

Have a look at the video of KM at the University of Sheffield where he attends a Q+A session with Chris Wilder .

For a more general chat around the issue of investment right now skip to the 28.00 minute mark for KM and CW's thoughts . More specifically however skip to the 32.00 minute mark for KM's direct comments in relation to a question about HRH's continued interest and motivation in the Blades . What you will hear is about as close as it's possible to get to hearing a wily old diplomat like KM telling us directly that HRH hasn't done what KM expected in relation to investment .


https://digitalmedia.sheffield.ac.u...ary+2018,+Octagon+Centre./0_1z2ts3a5/87272921

"I brought him in for wealth ". "It's on both of us now" .

Diplomatic indeed.

 

[Eskimo]

Strikes me that Kev is hiding out for the guarantee of more investment in the club, players etc before he lets go. Remember he's in a better negotiating position now we are Championship and the fans as happy push as we get.
I like all this investment stuff. Should I get a stocks and shares ISA/ unit trusts or is the stock exchange going to collapse?

 

[BangorBlade]

Could it be that KM is testing the water to see how much the prince is commited to SUFC before or even lining up another source of investment??

 

[davidblade]

Everyone has backed tracked since the video of the octagon evening was released.

That said not much adds up when you factor in what Phipps said as well.

A shame the meeting was cancelled last Saturday. We are non the wiser since the statement was issued.

Where can I watch this video

 

[Nicolaus_Copernicus]

Where can I watch this video

Post #45

 

[UnitedBlade]

I don’t know how many of us read the interview McCabe gave the Yorkshire Post in June 17 but for me there is evidence that the road to new investors has not gone to plan. McCabe says in this interview both he and the Prince have spoken to potential investors but nothing agreed or you’d have heard about it.

If you remember all the McCabes stood down in September with quite a long statement about the Prince wanting more involvement. Then in October all the McCabes are back. Call me suspicious but summats gone tits up. Hence the move in January - buy the club and bring in new money or .......

It’s the “or” and whether the Prince has the money and appetite for the whole job that we don’t know. Plus no idea on the identity of potential further investors. My view is our club probably goes no further without additional investors. McCabe will reveal some further detail next week we hope when he addresses SUL shareholders.

https://www.google.co.uk/amp/s/www....ield-united-vital-transfer-kick-1-8617028/amp

 

[davidblade]

Post #45

Sorry I’m blind

 

[RealMcCoy]

Don't worry, it's got subtitles.

 

[Davie Blade]

McCabe himself HAS said something about the " co-owner/investment " situation at the Lane .

Have a look at the video of KM at the University of Sheffield where he attends a Q+A session with Chris Wilder .

For a more general chat around the issue of investment right now skip to the 28.00 minute mark for KM and CW's thoughts . More specifically however skip to the 32.00 minute mark for KM's direct comments in relation to a question about HRH's continued interest and motivation in the Blades . What you will hear is about as close as it's possible to get to hearing a wily old diplomat like KM telling us directly that HRH hasn't done what KM expected in relation to investment .


https://digitalmedia.sheffield.ac.u...ary+2018,+Octagon+Centre./0_1z2ts3a5/87272921

My reading of that entirely.
Without looking it up, wasn't the quote he was brought in for one reason only WEALTH ?