Ownership developments

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TomJonesBlade said:
From what I gather that was what was decided at this hearing in June, which is why I asked if it tallied up with when Wilder signed a new deal i.e when a budget was settled upon. Unless I'm reading that incorrectly?

It's not a well-worded statement.
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If the fall out over team spending relates to this summer - which it seems to be - then that seems odd given that Wilder signed a new deal on the basis of his team spending pland being sorted between the two owners. Unless, the two owners agreed to sort out the transfer spending foir Wilder but still neither party were happy at the others viewpoint/contribution.

We as fans naturally trust McCabe as the Blade and having being here longer and that the Prince who obviously is not local and not a Blade and who seems to want to exploit the foreign transfer market which doesn't seem to be Wilders preference.
 

Personally I'm not interested in pointing a finger of blame at any one individual, and apart from what I've seen on various social media from the more reliable sorts, I'm not party to any inside knowledge.

I do find it incredibly frustrating, however, that almost every time we get a good manager and things are heading in the right direction on the pitch, ownership and boardroom issues seem to come to the fore.
 
Rodders said:
Why?
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I could easily be wrong, just an opinion, but I look at the filing history and try to explain it to myself.

All seemed well up to around Aug 2017 when the parties appear to buy £5.2 million of new shares. Notice how Kev terminated his directorship around that time. My guess is sometime afterwards they had a discussion about something, possibly the budget for the 2018 JTW, didn't agree and notice how Kev came back in as a director in December.

Circumstantial stuff all points in one direction for me but it is just speculation and not based on facts and I'm not ITK.

Difficult to look at the timings and think it was the other way around for me. Notice who started stuff first at year end and then who reacted.

https://beta.companieshouse.gov.uk/company/06963761/filing-history
 
Fraggle Blade said:
From that I assume that it's Blades Leisure owned by the Prince that is propping up the club and covering the losses?
"UTB had responded with a "manoeuvre" which would mean that "UTB was entitled to purchase all Sheffield's shares at a low price" I also assume the word "entitled" in that means that this was contractually agreed that this could take place?

So essentially McCabe is happy to leave and give up the club, but doesn't want the Prince to get it cheaply as previously had been agreed?
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No, Blades Leisure is jointly owned by Sheffield United Ltd and UTB Ltd.
 
Same as it was then, just somebody else saying it.
 
South Bucks said:
I could easily be wrong, just an opinion, but I look at the filing history and try to explain it to myself.

All seemed well up to around Aug 2017 when the parties appear to buy £5.2 million of new shares. Notice how Kev terminated his directorship around that time. My guess is sometime afterwards they had a discussion about something, possibly the budget for the 2018 JTW, didn't agree and notice how Kev came back in as a director in December.

Circumstantial stuff all points in one direction for me but it is just speculation and not based on facts and I'm not ITK.

Difficult to look at the timings and think it was the other way around for me. Notice who started stuff first at year end and then who reacted.

https://beta.companieshouse.gov.uk/company/06963761/filing-history
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I got told something along these lines.

The prince had an agreement to buy the club this summer, fearing we got promotion and the value would shoot up, he refused to match what Kev wanted to put in in January.

Basically he wanted to ensure he could buy us as cheap as possible.

How true this is I've no idea. Although it came from the same person who told me in early June Brooks was going to Bournemouth for £12m
 
Anyway we've got the answer as to where the Brooks money is going. Legal fees.
 
If it's got as far as court it's no wonder Wilder was so unhappy with what was going on behind the scenes.
How you properly budget for players when the owners are in such a dysfunctional state, god knows.
Hard to see how the club can possibly succeed on the pitch next season when we've managed to get ourselves in such a mess off it again.
Wilder's going to have to work miracles.
 
GallonofMagnet said:
McCabe continues to outdo himself. His biggest fuck up to date. And there’s been a few.
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Wilder his his man though, in't he? I don't know what to make of this anymore. But Wilder chose to attend a couple of events with McCabe and not the Prince, which isn't a reflection on past decision making, but the manager clearly has chosen a side. I'm willing to back him on that...

Unless I've read developments all wrong?
 

Rusty view said:
I got told something along these lines.

The prince had an agreement to buy the club this summer, fearing we got promotion and the value would shoot up, he refused to match what Kev wanted to put in in January.

Basically he wanted to ensure he could buy us as cheap as possible.

How true this is I've no idea. Although it came from the same person who told me in early June Brooks was going to Bournemouth for £12m
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Could be. The accountancy cavalry will be along soon but as I understand it the club basically runs at a loss and the owners buy several million pounds worth of new shares each year to cover the gap and is obliged to submit to companies house a "Return of allotment of shares" within one month of it happening. The last share issue was in June 2017 so this tells me they've put in nowt new since hence there was possibly building pressure to sell someone (Brooks) to keep the club going with nothing much else coming in and no one willing to buy new shares. Unclear what's happened to transfer sell on money. Think some loan facilities were set up some time ago but not seen any evidence these are being used.
 
BushBlade said:
No, Blades Leisure is jointly owned by Sheffield United Ltd and UTB Ltd.
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Yes, I see that now having re-read the article. So both parties are covering the losses.
Don't know whether McCabes comments about going nowhere were bravado, when he states he was prepared to leave the club, or whether that just changed when he thought he was going to get a bad deal.
 
Steve Mackan said:
Wilder his his man though, in't he? I don't know what to make of this anymore. But Wilder chose to attend a couple of events with McCabe and not the Prince, which isn't a reflection on past decision making, but the manager clearly has chosen a side. I'm willing to back him on that...

Unless I've read developments all wrong?
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if Wilder is taking sides then he's a mug as the battle for control could go either way. His job is to run the team with the means to do so at his disposal. By the sounds of it this is what he got otherwise he would have left by now. It's always a dangerous move to get involved in office politics, especially if the topic under dispute is beyond your control.
 
Rusty view said:
I got told something along these lines.

The prince had an agreement to buy the club this summer, fearing we got promotion and the value would shoot up, he refused to match what Kev wanted to put in in January.

Basically he wanted to ensure he could buy us as cheap as possible.

How true this is I've no idea. Although it came from the same person who told me in early June Brooks was going to Bournemouth for £12m
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From the shareholder meeting that McCabe called to put across his side, it appeared that the share price had been agreed at the original sale, but the price of buying the property was to be worked out by an independent valuer, so i'm not sure if a promotion would have adversely affected the purchase price, unless the share value included a premium depending on what division we were in at the point of sale.
 
Fraggle Blade said:
Yes, I see that now having re-read the article. So both parties are covering the losses.
Don't know whether McCabes comments about going nowhere were bravado, when he states he was prepared to leave the club, or whether that just changed when he thought he was going to get a bad deal.
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No idea but the word ‘omnifuckingshambles’ springs to mind.
 
snootyfenooty said:
if Wilder is taking sides then he's a mug as the battle for control could go either way. His job is to run the team with the means to do so at his disposal. By the sounds of it this is what he got otherwise he would have left by now. It's always a dangerous move to get involved in office politics, especially if the topic under dispute is beyond your control.
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Is there some movement on the club policy already? McCabe quoted as staying British / Irish centric only when it came to player recruitment, but I note we have got some European lads into the development set up?
 
Correct me if I'm wrong but the new info here seems to be the line that says 'UTB responded with a manoeuvre which would mean UTB was entitled to purchase all the shares at a low price '

That suggest there was some contractual clause allowing the Prince to buy Kevs half at a price now not deemed high enough.

This is going to run and run
 
Pinchy said:
No. It’s Brooks and, much the more so, his leech. Darling David wanted away. Sorry Bladey Blades. Uncomfortable, the truth, I know.
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I have also heard a second hand rumour from our medical staff that he is not quote fully recovered from the Glandular Fever. This is part of the reason that £12m is felt by the club to be a good deal in the circumstances.

I'm just saying what I've heard. I'm sure there will be an alternative version of events to 'proove' how badly we undersold him.

Here's a bit more about how it affected Heather Watson a few years ago:

"Sweden’s Robin Soderling, a recent world No 4, has not played for nearly three years following his diagnosis, while the illness ended the career of Croatia’s Mario Ancic, a former world No 7."

https://www.independent.co.uk/sport...fter-contracting-glandular-fever-8558897.html
 
Bugger :(

I was hoping this was being resolved quietly behind the scenes.

Well that is the upcoming season written off for a promotion push then and that will almost certainly mean It will Fleck and JOC’s last season here.

I hope the current squad and whoever we can persuade to come at least keep us up.
 
Fraggle Blade said:
Is there some movement on the club policy already? McCabe quoted as staying British / Irish centric only when it came to player recruitment, but I note we have got some European lads into the development set up?
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Could be. If United want to progress then the club have to consider all options. Wilder is probably aware of this even if McCabe isn't. This Wilder/McCabe "alliance" may not be as cut and dried as it seems.
 

I should coco said:
Kev doesn't get investors in = He won't sell / he has no ambition / he wants to pocket all the cash

Kev gets an investor in = Messed up again

#Agendatime
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The third option re-investors may well be that he wants the best of both worlds.
 
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