McCabe & Prince to meet - Heads To Be Banged Together

[Maidenhead]

If one - take your pick - "refused" to match the others spending, then it's highly unlikely that they'll be willing to chuck money into a pot for the other one to spend. Imo anyway.

Absolutely right, but I think that they both know that it's in both of their interests to keep us competitive so I think that there will be an agreement.

If there isn't we are going to have real problems because litigation will take time.

 

[Worksop II]

Absolutely right, but I think that they both know that it's in both of their interests to keep us competitive

You would to think so ... but which one has the most to lose by a failure to agree anything

One decides, not putting in any more money, the other might be able to add money, but would he ? on his own

The Club left to swing in the wind

I think in this scenario Kev is a bit out on a limb

 

[EmleyMoorBlade]

I always believed the original agreement was that McCabe wrote off the debt in the form of his loans to the club & in return the prince would provide the investment ?
He also came out with a statement a while ago saying something along the lines of i need to remind my partner of his obligations which you would have thought was get your hand in your pocket which hasn’t been forthcoming .

Don’t get me wrong I’m sure Mr McCabes PR dept.could put whatever spin on this they want., the problem being it sounds like there’s a buy out clause with Prince to purchase the club though it would appear McCabe seems to point at this would only happen if Prince met his terms in the agreement .

I just wish so do e would come along & buy em both out as I can see this as a long , protracted & damaging affair .. we don’t do plain sailing do we !

As you mention in your post JSWT - about the Prince having deep pockets and short arms - I believe this whole thing is very much to do with the Prince not delivery the anticipated / promised input of additional financial clout.
A guy I do some business with knows Mr McCabe very well and McCabe has told him that he unfortunately seems to have found the only Arab Prince who is skint !
If as seems likely it was Mr McCabe who triggered the buy out clause, he may well have someone else lined up either as a 50/50 partner or potential new owner.
My thoughts are that Princey boy was waiting to see if we made it to the Premier League via the play offs, as then clearly his share of our fine football club would have been worth substantially more if we were Premier League. Now we face at least one more season in the Championship I would not be at all surprised to see Mr McCabe buy him out.
Let’s hope they sort this out lively !! And also that Mr McCabe has a decent plan and the money to allow The Lord Wilder of Nazareth to drive us on to the next stage
UTB

 

[Maidenhead]

You would to think so ... but which one has the most to lose by a failure to agree anything

One decides, not putting in any more money, the other might be able to add money, but would he ? on his own

The Club left to swing in the wind

I think in this scenario Kev is a bit out on a limb

The winner in the courts has the most to lose, because they will get the keys to a club that may be struggling on the field due to a lack of strategic direction and finance.

You would think that both parties believe that they will win in court, so they should both be motivated to ensure that we are in decent shape when their day in court comes.

 

[sheffielder]

Clearly McCabe has a had a 'change of heart' since agreeing the deal for Princey to take over...the problem is getting Princey to fuck off when McCabe has promised him the club.

Can you provide evidence of this. Most stories align to the prince only wanting the club and not the real estate. I am not sure if you have an agenda or if this is a neutral opinion.

 

[Esablade]

Can you provide evidence of this. Most stories align to the prince only wanting the club and not the real estate. I am not sure if you have an agenda or if this is a neutral opinion.

What do you mean by 'having an agenda'?

 

[sheffielder]

What do you mean by 'having an agenda'?

Are you pro Princey and against McCabe?

 

[Esablade]

Are you pro Princey and against McCabe?

No.

The facts as I see them are McCabe stated Princey was taking over some months back (as per the 'clause' in their deal), this hasn't happened and McCabe has since stated that he's 'going nowhere' with rumours that he doesn't want Princey to take over.

Do you see things differently?

 

[sheffielder]

No.

The facts as I see them are McCabe stated Princey was taking over some months back (as per the 'clause' in their deal), this hasn't happened and McCabe has since stated that he's 'going nowhere' with rumours that he doesn't want Princey to take over.

Do you see things differently?

Didn't McCabe and United Trigger the clause which includes the purchase of all Real Estate. Prince doesn't want to buy all Real Estate, which might mean that he could move from BL and have a stadium owned by McCabe sat empty.

 

[Esablade]

Didn't McCabe and United Trigger the clause which includes the purchase of all Real Estate. Prince doesn't want to buy all Real Estate, which might mean that he could move from BL and have a stadium owned by McCabe sat empty.

That's an interesting point about McCabe being sat with an empty stadium on his hands, I hadn't thought of that scenario...surely they would negotiate some kind of long term lease for the ground/hotel etc if McCabe retained ownership?

As I understand it from the club statement, McCabe and Princey are in discussion for Princey to buy the club, which 'in certain circumstances' includes a provision to buy the freeholds etc.

I don't know what these certain circumstances are but it appears from the wording, to be the case that it isn't necessary for Princey to buy the real estate to gain control of the Blades (?)

As it stands, Princey has served a notice to buy the remaining 50% of Blades Leisure from McCabe and nothing else as far as I'm aware.

https://www.sufc.co.uk/news/2018/february/statement

 

[Elsecar_Blade]

"it is expected to take place on neutral territory"

Sounds like they are going to fight to the death for the ownership. Skin on skin.

Neutral ground? Sounds like Trump meeting with Korean Kim. Is either of them in danger if they visit the other one’s patch? Jesus wept!

 

[Foxy]

Interestingly it seems the Star has caught on that McCabe started this all off by signalling his intention to buy the Prince out. As some of us said initially, rather than the other way around.

Let's see who on here rewrites history.

I do sometimes wonder if everyone has me on ignore... That or if I'm too subtle

 

[Nicolaus_Copernicus]

I do sometimes wonder if everyone has me in ignore... That or if I'm too subtle

You're on ignore.

 

[Nicolaus_Copernicus]

 

[Jonboy60]

Taken from tomorrow’s telegraph.

 

[Patrick Suffaux]

I must be the only person that is a little bit irked by some of Wilder’s recent comments. Not so much that I disagree with them. He’s certainly right that the ownership situation needs to be ironed out and that additional support is needed to move the club on.....

What I’m a little put off by is the general mard arse nature of his interviews and strong inferences that he will walk if things aren’t arranged in the way he would like. The ownership situation hasn’t changed since he walked in and he’s always known that under this regime he’s working to a limited budget. He in fact openly declared his acceptance of that earlier in the season.

Much as we all want to be successful with Chris in charge I actually think he needs to understand that he’s not in charge of the club and that it’s not his money that has been invested in it. He’s paid by the football club to manage the team and he does it well, so get on with it and stop making waves.

I know that he can do no wrong in some supporters’ eyes and I understand why but he needs to wind his neck in about this subject.

 

[bertieblade]

1) McCabe has already confirmed that the Prince has met all of his financial obligations.
2) Mccabe triggered the clause which provided the Prince with the obligation to buy the club.
3) As McCabe is telling everyone that he will still be here it can be assumed that he does not expect the Prince to follow through on his obligation.
4) It can be assumed that the only reason McCabe triggered the clause was to get rid of the Prince as he has alternative investors lined up.

 

[Kev Gee]

It will all be sorted of course, 1 day after the transfer window closes!!!

 

[Maidenhead]

I must be the only person that is a little bit irked by some of Wilder’s recent comments. Not so much that I disagree with them. He’s certainly right that the ownership situation needs to be ironed out and that additional support is needed to move the club on.....

What I’m a little put off by is the general mard arse nature of his interviews and strong inferences that he will walk if things aren’t arranged in the way he would like. The ownership situation hasn’t changed since he walked in and he’s always known that under this regime he’s working to a limited budget. He in fact openly declared his acceptance of that earlier in the season.

Much as we all want to be successful with Chris in charge I actually think he needs to understand that he’s not in charge of the club and that it’s not his money that has been invested in it. He’s paid by the football club to manage the team and he does it well, so get on with it and stop making waves.

I know that he can do no wrong in some supporters’ eyes and I understand why but he needs to wind his neck in about this subject.

You're definitely not the only one.

 

[Patrick Suffaux]

You're definitely not the only one.

Glad to know. I don’t read every comment on here but it always seems that Wilder is immune from any form of criticism.

My view is that the ownership situation is what it is and it will resolve itself when it does. His rants won’t make a difference. Hope he stays but if he’s not satisfied with up coming events then he can please himself. Keep grinding away at it....or take the door on the left.

 

[Fraggle Blade]

Best outcome is that McCabe fucks off the prince and then gets other interested investors in who are willing to cough up. It’s McCabe’s fuck up in the first place.

If McCabe walks would the Prince spend anything, looks unlikely. Unless McCabe wins this one we’ll definitely lose the manager if we haven’t lost him already

Funny, how me trying to look at this as objectively as possible, I get completely the opposite impression.

 

[Fraggle Blade]

He was very happy to quote figures 2 years ago when asked...

“Rest assured, our position is not a result of lack of effort, investment or ambition from the owners - my family’s investment over the years amounts to around £90m and Prince Abdullah has in a short space of time contributed a further £15m. In this season alone, the joint owners have, in total, put in £8m of money.”

Different times I suppose, when they are singing from the same hymn sheet it's ok to quote some figures. I think at the shareholders meeting, he just didn't want to be dragged into him bad mouthing the Prince, especially while his lawyer was there.....lol......so just confirmed his commitments had been made.
The only time he had a dig was when the Belgian club purchase by the Prince was brought up, he had a giggle when he said the Prince had asked him if he wanted to be involved in the clubs purchase and turned him down. Struck me as being a slightly weird thing to be proud of, since McCabes previous dallying with Belgian, Chinese, Australian, Brazilian and whatever other football clubs.

 

[Fraggle Blade]

Maybe the real and visible progress on the pitch has changed his mind?

Maybe that is the case, can't be ruled out, but it's such a major "U" turn, to me it seems really unlikely.

 

[Harrisblade]

Maybe that is the case, can't be ruled out, but it's such a major "U" turn, to me it seems really unlikely.

But hasn't every Blades Fan's thoughts about the Club taken a "U" turn over the last couple of seasons?
Maybe McCabe now sees a real chance of getting to the PL when he didn't before

 

[CarlMcBlade]

If Stewart Donald wants to work with Chris Wilder so much, why doesn’t he take us over instead?

 

[Roygbiv]

If Stewart Donald wants to work with Chris Wilder so much, why doesn’t he take us over instead?

Might be tricky seeing as our own owners can't even take us over

 

[Groucho Blade]

Turkmenistan or Mongolia is my bet. They're both neutral.

Ashgabat (capital city of Turkmenistan) is the weirdest city on the planet so I can definitely see it happening there!

https://varlamov.ru/1749635.html

 

[nopigfansintown]

I must be the only person that is a little bit irked by some of Wilder’s recent comments. Not so much that I disagree with them. He’s certainly right that the ownership situation needs to be ironed out and that additional support is needed to move the club on.....

What I’m a little put off by is the general mard arse nature of his interviews and strong inferences that he will walk if things aren’t arranged in the way he would like. The ownership situation hasn’t changed since he walked in and he’s always known that under this regime he’s working to a limited budget. He in fact openly declared his acceptance of that earlier in the season.

Much as we all want to be successful with Chris in charge I actually think he needs to understand that he’s not in charge of the club and that it’s not his money that has been invested in it. He’s paid by the football club to manage the team and he does it well, so get on with it and stop making waves.

I know that he can do no wrong in some supporters’ eyes and I understand why but he needs to wind his neck in about this subject.

I see things vastly differently. This season we've had a bottom five budget which was contingent on the 6.5-7 million brought in by the Maguire, Walker and Murphy clauses. With no such monies coming in this season, the club will likely have to sell its best players to cover the losses. That's before we've signed anyone. The impasse must end or an interim agreement must be reached, or SUFC and any manager will be lambs to the slaughter in the championship.We will have less spending power than we did even this season, and could feasibly have the lowest budget in the league. Maybe if we got a huge fee for a player and reinvested some, and used the rest to pay off the annual losses, we'd have a chance.Every over achievement this year was predicated on the unexpected money coming in.Wilder's the bloke on the titanic telling everybody there's an iceberg on the horizon.If he goes, he will leave via the front door, whilst being vindicated in most Blades' minds pretty quickly imo.
You could say the temporary decline of the club is neither here nor there, compared with the ownership issue, we would eventually be back. I just think he's using his leverage to try and provoke a resolution that prevents the decline.

 

[Esablade]

Might be tricky seeing as our own owners can't even take us over

It appears neither can..

 

[chesblade]

Just seen on Sunderland forum that 2 people in frame for job. 1 had accepted but now put on ice as interest in another person. Both offered enough to drop down a division. Sky bet have it correct. Sorry don't know how to copy over