Prince's wealth

[WeareBlades]

Just bored looking around the internet, just wondering how much the prince was actually worth. Came across this don't know how reliable source is? If it's really forbes then I would have thought it would be but here it is. Pretty wealthy wouldn't mind half of that myself!

 

[Kev Gee]

When he took over th club a few people said he was worth around £130 mill. Much less than the Billionaire that some suggested.

That seems about right to me.

 

[SotonBlade]

That'll be both cash and assets I would imagine, so he won't be as cash rich as people expect him to be!

 

[Blade56]

Are you sure that Forbes list is relating to wealth of business worth? There is a business genre column and his is manufacturing. It may not include personal wealth and let's face it these days $144m is nowt. McCabe is worth about £800m

 

[BerksBlade]

True, but it's also about other potential investors he could bring in. I would suspect he knows a few fellow Saudi Arabians on that list.

 

[Blade56]

Copied this off the Forbes site. Note it only uses share holdings in companies to calculate net worth. Don't think it includes personal wealth so his bog roll operation and other business share holdings are worth $144m.

 

[itsinyerblood]

Are you sure that Forbes list is relating to wealth of business worth? There is a business genre column and his is manufacturing. It may not include personal wealth and let's face it these days $144m is nowt. McCabe is worth about £800m

Now, I could be wrong mate, but the figure you quoted about McCabe's worth isn't £800m. It's why he was desperate to find the right partner who could help take this club forward. The figure you quoted goes way back, and after a few poor investments, the state of the stock market etc, McCabe is now left with substantially less than the figure quoted.

I'm a little wary of figures I see quoted. They could be correct, but I'd rather wait and see if Nigel has the resources to dip into the transfer market this summer and act in a way that is genuinely game changing. Only time will tell...and it's not that long to go before the summer is with us, so interesting times ahead I think. The posts on here will either be full of praise or scathing for the way we've been (mis)led up the garden path once again.

 

[WeareBlades]

I don't think it will include any wealth he has from being in the royal family either, if he has any.

 

[Rossb123]

http://www.how2playsoccer.com/richest-football-club-owners/

This website think McCabe is worth 1.8billion! Never trust the internet....

If it does happen to be true though with McCabe and The prince both owning 50% surely we are one of the richest clubs in the UK?

I realise that the report is from 2011 but surely he hasn't gone from £1.8bill to 800mill in 3 years!

 

[UnitedBlade]

I reckon the Prince is probably worth between £100M and £130M. I think they floated 60% or so of Saudi Paper Manufacturing. Some of the proceeds of this went on his multi-million mansion in California. I don't think he owns the rest of the stake in SPM outright, I think he has a partner.

The last valuation I saw on the McCabe family was the Estates Gazette 2013 Rich List which had him down for £90M.

see page 49 of the link below

http://edition.pagesuite-professional.co.uk//launch.aspx?eid=2c441816-b9d8-44fa-9891-9615252190a7

McCabe has never been worth this fabled £850M, when he sold companies and property to Valad. His stake was "only" about 15% which is why he was valued at about £140M in 2007 before the crash. Then the crash happened coinciding with him doing a fair wedge on propping up SUFC.

Property magnates are notoriously difficult to genuinely value as they will have written down massively in the crash and with property recovering he will be getting richer. I did once look at his stake in Top Spring, one of his Chinese ventures. I think he has about 14% stake there as well. Last time I looked at that, I reckoned that could be worth £90M alone.

I don't think anyone knows whether it is the Prince alone now putting money into the football side of the business (I suspect it is given the reports that McCabe wrote off all the debt as a condition).

I think the good thing is even though the Prince may not personally be a billionaire, he probably knows plenty - his uncle for example ! I'm sure he could tap up a few mates if needed.

The test comes as and when we get to the Championship - you need big bucks to compete with parachute payment clubs and the mega rich although FFP will level the playing field.

Can't fault the board in getting rid of Weir, hiring Nigel and some of the loanees. Let's hope we have a good summer

 

[dublin 10 blade]

His wealth is worth more than every fucker on this website , SwissBlade excluded ,

 

[Kev Gee]

I dont think we should be relying on the Prince. Although without him i think we would probably already be relegated by now.

The best thing about the Prince will be his list of contacts & i can see him slowing having a greater influence as the years go by.

 

[SwissBlade]

His wealth is worth more than every fucker on this website , SwissBlade excluded ,

Bloody hell I wish!

Regarding the prince. I love it how people are disappointed that he's relatively skint because he's only got 100million!

As I've said before, he doesn't need to be a billionaire, he needs to be a smart businessman that invests wisely.

He's so far invested in a number of ways ( my thoughts on this were on another thread about him from a few weeks back) but the key investment was bringing in Clough. With a relatively small budget compared to the likes of Man City and most other pl clubs for that matter, Clough should be able to get some good deals and bring in quality players.

The prince will be fairly pleased that his initial £1 investment we've made around £2 Million from the cup run. We might even make a profit one day....

 

[Kenilworth]

The best thing about the Prince will be his list of contacts & i can see him slowing having a greater influence as the years go by.

You mean people like Sheena Easton, don't you?

 

[GRUMPY BLADE]

His wealth is worth more than every fucker on this website , SwissBlade excluded ,

Hoy, I've more than a £1

 

[SouthEssexBlade]

You mean people like Sheena Easton, don't you?

Ken....Shhhhush! For your eyes only

 

[SouthEssexBlade]

I have always thought (with no information, of course) that our Prince was the front man, public face, scout-in-chief for a saudi consortium who will come on board if and when the PL looks a realistic prospect and that is where the serious shekels (appropriate when talking about Arabs?) will be.

 

[Selly]

The test comes as and when we get to the Championship - you need big bucks to compete with parachute payment clubs and the mega rich although FFP will level the playing field.

FFP will not, and never has bee intended to "level the playing field". In fac it actually benefits the clubs with the biggest source of income from "legitimate" sources - tickets, merchandising and TV cash.

The clubs with parachute payments will be able to spend much more than us uless some creative ways are found to get around the rules. (Naming rights to BDTBL??? Shirt sponsorship???)

 

[UnitedBlade]

FFP will not, and never has bee intended to "level the playing field". In fac it actually benefits the clubs with the biggest source of income from "legitimate" sources - tickets, merchandising and TV cash.

The clubs with parachute payments will be able to spend much more than us uless some creative ways are found to get around the rules. (Naming rights to BDTBL??? Shirt sponsorship???)

What I mean by levelling the playing field is it will stop owners funding club through loans and 3rd party financing.

It has to be done via your own income sources and in the Championship by limiting annual losses. That is more equitable than what we currently have.

It will be perfectly legitimate to increase your income via sponsorship and that is what the rich clubs may do.

 

[Selly]

What I mean by levelling the playing field is it will stop owners funding club through loans and 3rd party financing.

It has to be done via your own income sources and in the Championship by limiting annual losses. That is more equitable than what we currently have.

It will be perfectly legitimate to increase your income via sponsorship and that is what the rich clubs may do.

But it isn`t more equitable. At the moment anyone can, with a benefactor, get to teh PL. FFP makesthis mush mush harder, as clubs will not be able to spend beyond their means.

But surely this can only e a good thing I hear you shout. Well yes and no. It a good thing if clubs genuinely have a similar level of income and/or have some sort of ticketing revenue sharing scheme. Its not a good thing when 4-5 clubs will be receiving 10's of millions of financial doping in the form of "parachute" payments, meaning they can continue to spend well beyond their "natural" means.

A much better change would have been to insist in stringent relelgation clauses in contracts for players, thus removing the need for a Parachute payment (as you will no longer be having t finance PL wages on a Championship budget) in conjunction with FFP rules.

 

[Darren]

A much better change would have been to insist in stringent relelgation clauses in contracts for players, thus removing the need for a Parachute payment (as you will no longer be having t finance PL wages on a Championship budget) in conjunction with FFP rules.

What, you mean a third party should dictate the terms of a contract between an employer and his employee?

We're not in north Korea you know.

 

[SwitchBLADE Smiles]

What, you mean a third party should dictate the terms of a contract between an employer and his employee?

We're not in north Korea you know.

Or South America for that matter!

 

[GRUMPY BLADE]

FFP will not, and never has bee intended to "level the playing field". In fac it actually benefits the clubs with the biggest source of income from "legitimate" sources - tickets, merchandising and TV cash.

The clubs with parachute payments will be able to spend much more than us uless some creative ways are found to get around the rules. (Naming rights to BDTBL??? Shirt sponsorship???)

So easy to bring individuals cash in if they have the desire.

Upper tier Lane end stand to have season tickets at a gross amount of say £100M then give the seats away each home match to local schools for free.

Manager gets war chest and the club picks up the fans of the future. Win win.








Sure I heard someone say this sometime?

 

[Blade56]

Hoy, I've more than a £1

Rich twat, lend us 50p

 

[jezzablade]

But it isn`t more equitable. At the moment anyone can, with a benefactor, get to teh PL. FFP makesthis mush mush harder, as clubs will not be able to spend beyond their means.

But surely this can only e a good thing I hear you shout. Well yes and no. It a good thing if clubs genuinely have a similar level of income and/or have some sort of ticketing revenue sharing scheme. Its not a good thing when 4-5 clubs will be receiving 10's of millions of financial doping in the form of "parachute" payments, meaning they can continue to spend well beyond their "natural" means.

A much better change would have been to insist in stringent relelgation clauses in contracts for players, thus removing the need for a Parachute payment (as you will no longer be having t finance PL wages on a Championship budget) in conjunction with FFP rules.

I wish we could stop parachute payments they are unjust on the Championship clubs who don't get them. But we can't because players would only sign for the clubs currently in the top half upwards. To reduce the risk of future wage decreases. These guys have agents advising them on their contracts and none of them are going to risk a cut in future pay for the love of a lower half Prem team. This would then almost franchise the top half of the table, as the other clubs would not be able to sign top players as those players want to know that income is coming in. So it actually exacerbates the problem of the top getting richer at the expense of the rest.
Basically by chasing the money the Premier league has left the rest of English football in a right mess. The football league is trying to get its house in order and because of this the bottom half Prem clubs are gambling higher and higher on players and wages so they don't fall into the FL. One of Norwich's prominent Directors stated that he would rather die than go down to the Championship as the financial impact would be so great.
The only way to beat the system as it has evolved (which it always would with money as the key objective) is to get into the Prem with a good manager and high crowds (FFP) (tick, tick) and then to spend big whilst there with a wealthy owner, the problem being that you can't buy a side in one close season so you need a nucleus of young up and coming players to build around (Southampton). Hull have spent big and may stay up their problem is that their owner has said no more money. To stay in the Prem owners are going to have to spend big for a few years to make the club established and find as many revenue streams as they can. The winners in the Prem ultimately are those that can spend big mixed with top coaches and limitless squads. It will not be in my lifetime that we achieve that, but a League Cup or FA Cup win is a possibility though not a probability.

 

[Fulwood Blade]

what is actually needed is a Premier league 1 and premier league 2

Prem league 1 would have 18 teams
Prem league 2 would have 24 teams

Money would be split - 60% for Prem 1, 40% for Prem 2 - trouble is the big 8 to 10 teams would never sanction it, but it would save football.

Germany is probably the most successful country in terms of how clubs are run and they only have 2 professional divisions.

The other 2 divisions should be pro/semi pro, that would be their choice. What can't continue is the status quo we have now - football is heading for a 2008 style crash - just look at QPR/Bolton/Leeds and even the pigs who have grossly over spent by attempting to stay in the prem or get into it.

UTB

 

[UnitedBlade]

But it isn`t more equitable. At the moment anyone can, with a benefactor, get to teh PL. FFP makesthis mush mush harder, as clubs will not be able to spend beyond their means.

But surely this can only e a good thing I hear you shout. Well yes and no. It a good thing if clubs genuinely have a similar level of income and/or have some sort of ticketing revenue sharing scheme. Its not a good thing when 4-5 clubs will be receiving 10's of millions of financial doping in the form of "parachute" payments, meaning they can continue to spend well beyond their "natural" means.

A much better change would have been to insist in stringent relelgation clauses in contracts for players, thus removing the need for a Parachute payment (as you will no longer be having t finance PL wages on a Championship budget) in conjunction with FFP rules.

Oh Christ, I totally agree parachute payments hugely distort competition in the Championship. I have assumed that that the people trying to wrestle with FFP just treat this as existing income. The Premier League are an untouchable elite band of clubs that do whatever the fuck they like (ie the Academy restructuring that means they can cherry pick the very best of youngsters from other smaller clubs at a very cheap price).

I'm afraid it's beyond my knowledge whether UEFA or FIFA has any jurisdiction in getting the PL to examine parachute payments under the heading of Fair Play.

The upshot as you rightly point out is absurd wages being maintained as clubs are relegated. Your proposal would be much more sensible but given the way parachute payments are going up and up, the PL won't be volunteering to give this up any time soon. They would probably just shut the door and remove promotion and relegation.

I think we are probably agreeing that the biggest distortions exist at PL level. They regard football as a television game whereas we still like to go and see a good game of football live.

I don't want my club (especially at the low level it currently resides) to go bust, so I favour them trying to improve things with FFP.

UTB

 

[BushBlade]

what is actually needed is a Premier league 1 and premier league 2

Prem league 1 would have 18 teams
Prem league 2 would have 24 teams

Money would be split - 60% for Prem 1, 40% for Prem 2 - trouble is the big 8 to 10 teams would never sanction it, but it would save football.

Germany is probably the most successful country in terms of how clubs are run and they only have 2 professional divisions.

The other 2 divisions should be pro/semi pro, that would be their choice. What can't continue is the status quo we have now - football is heading for a 2008 style crash - just look at QPR/Bolton/Leeds and even the pigs who have grossly over spent by attempting to stay in the prem or get into it.

UTB

But if you're a fan of say, Chesterfield, that's no more equitable than the current situation.

The main reason the German clubs are better run is because the government is prepared to pass legislation that many would consider anti-free-market.

All that needs to be done is a law introduced that makes it compulsory for the 92 clubs to sell their TV rights collectively and the income to be fairly distributed. Which won't happen.

 

[jezzablade]

But if you're a fan of say, Chesterfield, that's no more equitable than the current situation.

The main reason the German clubs are better run is because the government is prepared to pass legislation that many would consider anti-free-market.

All that needs to be done is a law introduced that makes it compulsory for the 92 clubs to sell their TV rights collectively and the income to be fairly distributed. Which won't happen.

Of course it won't happen, because that was why the Prem was created in the first place to get the TV revenue for itself. Unfortunately our beloved club voted for this.

 

[Darren]

But if you're a fan of say, Chesterfield, that's no more equitable than the current situation.

The main reason the German clubs are better run is because the government is prepared to pass legislation that many would consider anti-free-market.

All that needs to be done is a law introduced that makes it compulsory for the 92 clubs to sell their TV rights collectively and the income to be fairly distributed. Which won't happen.

The reason it won't happen is because the majority of the football customer base has spoken by continuing to buy season tickets at Man Utd and Arsenal and to purchase their Sky subscriptions. Us maniacs may feel that the the way football has gone over the past 20 odd years is terrible. We are in a minority.