Is McCabe ahead of the 'game' again?

All advertisments are hidden for logged in members, why not log in/register?

beightonblade

On yer bike !
Joined
Feb 12, 2008
Messages
7,042
Reaction score
542
Now i've always thought he's a smart owd bugger and full of tricks...... with this 'melt down' in football finances going on could he be ahead of the 'game' again ?

I think next season a lot of clubs will be in a very serious financial position the bubble bursting on players salaries and agents fees.
 

Yep - that's about the (down) size of it!!

I reckon he's safeguarding the future of the Blades, and we just need to keep our heads down and stay in the game (championship) while all around us crumbles....

Still no excuse for crap football though :-)
 
If you think back to some of McCabes interviews last year around the time of the Beattie transfer he was making this point then and in fainess I recall Blackwell getting slaughtered by some fans for constantly talking about the recession.

Have you found that freehold yet BB?
 
Err hold on a minute here. Are we or are we not £48 million, yes thats "MILLION" pound in debt. When you talk about bubbles bursting and clubs falling by the wayside, maybe you should put US in the same bracket as the ones who are going to get their arses kicked big time by this Bubble bursting. Jeez.
 
Err hold on a minute here. Are we or are we not £48 million, yes thats "MILLION" pound in debt. When you talk about bubbles bursting and clubs falling by the wayside, maybe you should put US in the same bracket as the ones who are going to get their arses kicked big time by this Bubble bursting. Jeez.

Debt is nothing to be scared of. Not being able to pay it back is.

Pompey have a Division 1 infrastructure with a Premier League debt. We're a long way from their position, thankfully.
 
Now i've always thought he's a smart owd bugger and full of tricks...... with this 'melt down' in football finances going on could he be ahead of the 'game' again ?

I think next season a lot of clubs will be in a very serious financial position the bubble bursting on players salaries and agents fees.

I guess we are banking on 23 of them going tits up then we might get promoted? Cunning plan!
 
Err hold on a minute here. Are we or are we not £48 million, yes thats "MILLION" pound in debt. When you talk about bubbles bursting and clubs falling by the wayside, maybe you should put US in the same bracket as the ones who are going to get their arses kicked big time by this Bubble bursting. Jeez.

:D debt to asset ratio ......... £48million no problem
 
I posted some thing along these lines a few days ago;

"I hope that McCabes a genius. He's gone down one route with overseas clubs and property that no one else seems to have. I hope his vision is radical in the end and the turn up in world economies when it comes leaves us laughing but it seems wrong at the moment.

Two: I hope we has signed a good un in Evans and the deal is based on a lot of the £3M fee being paid on goals scored in his first season. Then offer the kid £150K bonus NOT TO SCORE this season. We save lots of cash on the deal and have a 20 goal a season striker next season for the new manager!! Can't see this myself but then again McCabe seems to head down strange routes.

Three: All the loan players go at the end of the season, player’s wages collapse and the new players that come in will take what ever is offered. We build a new squad on the cheap within our budget after one season of strange turmoil and a new manager takes into football heaven playing football. Blackie gets a nice pay off for putting £M's into Bobs back pocket.

See McCabe is a genius."
 
Clubs are going into administration because they owe massive amounts and don't have enough income.

Yes if you do the sums to get a total figure of our debt, it's near 50m, but that statistic isn't really that meaningful.

We have assets that pay for themselves.

An example with completely made up figures....

Hotel costs 100, we let it out for 10 a year... after 10 years it's actually making us 10 a year.

Yes, if you calculate it at year dot, we have 100 in debt. But it doesn't mean we are massively overdrawn to third parties like Portsmouth, Cardiff, SWFC, et al.

McCabe takes a bashing on here all the time, because of other people's mis-interpretation.
 
McCabe takes a bashing on here all the time, because of other people's mis-interpretation.

Not exactly. He takes a bashing mainly because of all the spin, half-truths and implied situations.

He takes a bashing because he's been telling us for so long that we are a model, that other clubs look up to us as an example of how to run a club, are envious even and then suddenly we're selling off the family silver and despite this and the Tevez cash are still having to drastically prune the wage bill next season in order to survive. And that's not even mentioning the debt which, unlike you state, is not mainly in assets. At least half of it is in loans which come due this year. The only reason we won't be heading into admin is that these loans are payable to, yes, you guessed it.
 
Not exactly. He takes a bashing mainly because of all the spin, half-truths and implied situations.

He takes a bashing because he's been telling us for so long that we are a model, that other clubs look up to us as an example of how to run a club, are envious even and then suddenly we're selling off the family silver and despite this and the Tevez cash are still having to drastically prune the wage bill next season in order to survive. And that's not even mentioning the debt which, unlike you state, is not mainly in assets. At least half of it is in loans which come due this year. The only reason we won't be heading into admin is that these loans are payable to, yes, you guessed it.

Half-truths :rolleyes: We've had a high costs from the premiership which we need to reduce because we no longer have the high level of income. This is general knowledge.

And yes, he loaned money to the club when it needed it in order to stabilise.

Hang him and throw away the key, eh!
 
Half-truths :rolleyes: We've had a high costs from the premiership which we need to reduce because we no longer have the high level of income. This is general knowledge.

And yes, he loaned money to the club when it needed it in order to stabilise.

Hang him and throw away the key, eh!

Oh god, patronising sarcasm. Just what I need.

So now we've gone from assets which pay for themselves to the above. Okay, we've been through all this before and I really can't be arsed to go through all of it again but I will just say this. It would be just as to the point and equally spurious to match your "Hang him and throw away the key." (Pretty interesting that. Don't you mean lock him up and bury him?) with a "Stick your tongue right down the back of his trousers."
 
What bugs me is that this 'administration' lark doesn't seem to do much harm to clubs. The day a big football club genuinely folds will be an interesting one. Even Portsmouth, who seem to be in full meltdown mode, will probably survive, albeit in the Championship. 10 points in some cases is not much of a penalty. Cardiff could take that now and still be on the verge of the playoffs (and presumably be fairly debt free). I can't for the life of me understand why the pigs haven't gone down that route.
 

What bugs me is that this 'administration' lark doesn't seem to do much harm to clubs. The day a big football club genuinely folds will be an interesting one. Even Portsmouth, who seem to be in full meltdown mode, will probably survive, albeit in the Championship. 10 points in some cases is not much of a penalty. Cardiff could take that now and still be on the verge of the playoffs (and presumably be fairly debt free). I can't for the life of me understand why the pigs haven't gone down that route.

Pigs can't. The majority of their debts are to the co-op bank and it's more beneficial for them to have the steady stream of income, than slash the debt for a quick payment.

Personally I think clubs that go into administration should probably lose their league status.

Also, Peter Ridsdale should be shot in the face.
 
Just trying to lighten the mood, but if that's the level of your argument (IE you don't have one so will just resort to insults) then fair enough.

Do you actually read my posts? Insults? Sheeesh.

Someone having a different opinion from you does not equate to not having an argument. That's actually what an argument is, a reasoned discussion between people of differing opinions.

And finding an insult in my post where there was none is quite a feat.

Again, I could match your latest reply with (IE you don't have one so will just resort to infantile sarcasm). Fair enough?

Oh, and that bit about the infantile sarcasm is as close as I'm going to get to an insult tonight.
 
Do you actually read my posts? Insults? Sheeesh.

Yes. Do you?

Someone having a different opinion from you does not equate to not having an argument. That's actually what an argument is, a reasoned discussion between people of differing opinions.

Yes. That's what I was asking for. There wasn't an argument in your post.

And finding an insult in my post where there was none is quite a feat.

'match your "Hang him and throw away the key." (Pretty interesting that. Don't you mean lock him up and bury him?) with a "Stick your tongue right down the back of his trousers."'

I find this insulting and disrespectful.

Again, I could match your latest reply with (IE you don't have one so will just resort to infantile sarcasm). Fair enough?

Oh, and that bit about the infantile sarcasm is as close as I'm going to get to an insult tonight.

No. You would have missed the point again.

Do you have an argument or not?
 
Pigs can't. The majority of their debts are to the co-op bank and it's more beneficial for them to have the steady stream of income, than slash the debt for a quick payment.

Personally I think clubs that go into administration should probably lose their league status.

Also, Peter Ridsdale should be shot in the face.

My problem with Ridsdale is that he didn't finish the excellent job he was doing at Leeds.
 
Half-truths :rolleyes: We've had a high costs from the premiership which we need to reduce because we no longer have the high level of income. This is general knowledge.

And yes, he loaned money to the club when it needed it in order to stabilise.

Hang him and throw away the key, eh!

Problem is Implied, in 10 years time McCabe will still be going on about the relegation and lack of parachute payments.

I think the current problems are caused by his ridiculous property speculating. I take your basic point about the hotel income but that is way to simplistic.

I don't think hotel is the problem though, Chengdu and Realty are the cash drains.

What do you make of McCabe's failure to file the accounts of Realty on time?
 
Clubs are going into administration because they owe massive amounts and don't have enough income.

Yes if you do the sums to get a total figure of our debt, it's near 50m, but that statistic isn't really that meaningful.

We have assets that pay for themselves.

An example with completely made up figures....

Hotel costs 100, we let it out for 10 a year... after 10 years it's actually making us 10 a year.

Yes, if you calculate it at year dot, we have 100 in debt. But it doesn't mean we are massively overdrawn to third parties like Portsmouth, Cardiff, SWFC, et al.

McCabe takes a bashing on here all the time, because of other people's mis-interpretation.


As I understand it, this is only true for less than half of the debt.

22 million is secured on the Hotel, as you describe above, and works like a mortgage - we pay it off over time from proceeds/franchise fees or however we make income from it (this is assuming that our income is enough to meet these payments, of course - that is a whole other ball game).

The balance, 26 million, is not secured in this way. I think I'm right in saying it's owed mainly (if not entirely) to McCabe or companies he controls. This has advantages and disadvantages:

- it is good because McCabe also has an equity stake and therefore has no interest in the type of action HMRC are taking in relation to Portsmouth and chums. The club will not end up like Portsmouth unless McCabe decides to make demand at some point, which whilst not impossible (eg it could happen if he sold out but his debt was not repaid - this happened at Portsmouth and Cardiff) is unlikely.

- it is also a drawback, however, because given his exposure and stated position McCabe has no interest whatsoever in seeing United spend any money. Thus good players (commanding high wages and long contracts) are being replaced with less good players (lower wages and short contracts) or loans (even cheaper).

Accordingly, whilst we will not go the way of Portsmouth, there is no prospect of building a better side than we have now - ie one actually good enough to be promoted - until McCabe sells up, he decides to invest again, the team gets income from some other source, or we suddenly develop an ability to consistently uncover good youth or lower league talent (actually, scrap that one, such players will be sold off). In other words, it's 1999 to 2002 all over again for the forseeable future.

And no, McCabe is not ahead of the game, Beighton. 26 million unsecured debt is not ahead of the game.
 
Not exactly. He takes a bashing mainly because of all the spin, half-truths and implied situations.

Do you actually read my posts?

You see you've summed up your own shortcomings.
With the first part you have listened to mccabe and not heard what he said. I presumme you are refering to cutting wages quality players etc. if anyone can get a copy of that interview then listen again and he has done what he said.

Example is the latest Trevor Birch interview. Everyone says we have the 4th highest wage bill 'Trevor Birch comfirmed this' - No he did not listen again and the truth will set you free.

In the words of one very well respected top lady on here.
'a pill of "read (or listen and hear) what it fucking says" wouldn't go amiss either'.
 
Now i've always thought he's a smart owd bugger and full of tricks...... with this 'melt down' in football finances going on could he be ahead of the 'game' again ?

I think next season a lot of clubs will be in a very serious financial position the bubble bursting on players salaries and agents fees.

Have you only just realised this? some on here have said this time and time again.
 
My take on the OP is that KM doesn't have a clue RE football or running a football club , its all about bricks and mortor and pounds and pence with him , everything that has been good that happened on the pitch was down to Mr Warnock and since he has left KM , Robbo and Turry R have ballsed it up between them ... Blackwell is just the sacrificial lamb !

So no he hasn't IMO Beighton ... he's just bumbling along.
 
You see you've summed up your own shortcomings.
With the first part you have listened to mccabe and not heard what he said. I presumme you are refering to cutting wages quality players etc. if anyone can get a copy of that interview then listen again and he has done what he said.

Example is the latest Trevor Birch interview. Everyone says we have the 4th highest wage bill 'Trevor Birch comfirmed this' - No he did not listen again and the truth will set you free.

In the words of one very well respected top lady on here.
'a pill of "read (or listen and hear) what it fucking says" wouldn't go amiss either'.

Actually, no, Boo. I'm not referring to cutting wages quality players etc. Nor am I referring to the 4th highest wage bill. I recognise these as true although the quality players bit is debatable as we seem to have sold most of these. Another pill of "Don't fucking jump to conclusions" wouldn't go amiss either.

Nice of you to point out my own shortcomings though, Boo. Arrogant maybe, but nice.

My main gripe with McCabe was and to some extent still is exactly what I stated above and this was at the time of McCabe's further extension of his empire into Hungary. So no, not based on recent interviews at all either with McCabe or Birch the latter of which was about as honest as I have heard from the club.

It goes back to the interviews around then. All the PR about how well run we were and how other clubs looked up to us as an example of how to run a football club. There were no mentions then of a looming debt situation. Or any explanation of how well run could be construed as 50 million in debt. (and yes, I do understand that some of this is assets).

And all this 'we' business concerning Fradi. As in we can send our promising youngsters over there; we'll be able to harvest the best Hungarian talent; we'll be able to use Fradi to assist in getting work permits; we can bring our academies into alignment. All that stuff. Mentioned in the same breath as increased and diversified revenue streams of course.

Now, when being interviewed either by SUFC official press officer/website or even radio Sheffield as Chairman of SUFC and he uses the word 'we', it does rather tend to imply that SUFC has an interest in Fradi, does it not? It was really only later, in fact very recently that this 'misapprehension' was cleared up by McCabe when he stated that SUFC does not have any interest at all in Fradi.

Fradi fans are just as confused as we were. They sincerely believe that SUFC are their sister club and are linked. They have heard the same promises as we have - and here, yes we can talk about Europe in 5 years, quality players and shiny new stadium. And they are beginning to feel as disillusioned as some of our own fans.

Since the initial purchase there has been a flow of SUFC players, staff and ex-our Turry and no real mention of who exactly pays for all this. What the contractual arrangements are.

I don't think McCabe has lied to us exactly. Beattie might well have had a chest infection :). But he has been a little, elusive, shall we say? A touch of the Alastair Campbell about him. All I want is for him to be brutally honest with us and unfortunately, this seems to be only a recent development. If it weren't, just how come a large section of our fanbase was totally shocked by the amount of our debt?

Or were they in fact right on Radio Sheffield and most of us are certifiable as moronic?
 
Or were they in fact right on Radio Sheffield and most of us are certifiable as moronic?
Dont lump me in with you:D
Sorry, seriously though thanks for you full answer,Lots of people just come on with sweeping statements and don't explain themselves very much/well. They dont listen to what was said properly by the people they then go on to criticise.
I do think that Mccabe has to hide certain things so people dont suddenly get sensational and read into things wrong. Especially so if he is after backers for Blades in this very poor time.
I cannot think of any club who would not do what mccabe has done they need to protect their interests and causing headlines by telling people how much debt there is causes people to panic. Now football as a whole is in a mess we look quite good. but if we were first out, we may not have been as able to deal in transfers or anything else without others thinking we were desperate and trying one on.
 
So no he hasn't IMO Beighton ... he's just bumbling along.

hey up chingo ...............

he's got me bamboozled ... he's either a reight thick fooker or a reight smart fooker.
 

All advertisments are hidden for logged in members, why not log in/register?

All advertisments are hidden for logged in members, why not log in/register?

Back
Top Bottom