The Leasehold of Bramall Lane

[BushBlade]

why werent they inadequate
they were for 32 m over 3 years 11 m a year
our wage bill was up to 26 then 19 and then 17
with income from tickets at 9 so 27 m against 72 m wages less 32m parachute =
13 shortfall over 3 seasons
so who was making money

thats before 6 m a year PAYE PAYMENTS the club is liable for TAX BILLS INSURANCES 3 M A YEAR POLICING AND STEWARDING COSTS

STILL THINK WE ARE BEING SCREWED

My recollection is that it was £15m for the first year and either £7m or £8m for the second.
Our wage bill was high mainly because we signed players like Beattie, Naysmith, Hendry on premier league wages after we'd been relegated. It was a big gamble that was made a massive gamble by employing Robson.

 

[wizadry]

The football club is still losing money. Any ideas who is still funding that?

All i'm trying to do is understand it more. The bit above is the part that worries me the most because they're having to put £8 million in just for the running costs, this needs sorting out and quick otherwise we could be owing a lot more money somewhere and in no time at all, the Prince won't keep pumping money in for fuck all.

 

[wizadry]

Do you know which company " owns" our assets? He effectively owned everything before the transfer out of the football club. What's so hard to understand about that?

I'm pretty sure Sheffield United don't own their own ground or the Hotel that has been built on the premises so where do we get help from on either of these fronts to help the Blades get back to the Championship? I'm not saying McCabe isn't putting anything into the club all i want to know is why he took the ground off us and whether we'd get it back and i now think these have been answered so cheers.

 

[Fulwood Blade]

The football club is still losing money. Any ideas who is still funding that?

That last sentence is probably very true and a lot of our fans utterly refuse to discuss such issues.
Head in sand brigade when it comes to other peoples money.

UTB

 

[Sean Thornton]

All i'm trying to do is understand it more. The bit above is the part that worries me the most because they're having to put £8 million in just for the running costs, this needs sorting out and quick otherwise we could be owing a lot more money somewhere and in no time at all, the Prince won't keep pumping money in for fuck all.

The Princes original plan was to finance player acquisitions and football development. If he's stuck to that then the 2014 loss of around £4 million is likely to have been funded by Scarborough. I doubt the rent is that amount nor that he's pulling out these mythical other monies that some claim.
Forget the "tax planning" over rents as well. The £23 million borrowings in what was the Plc needs paying somehow.

The removal of the ground from the football club is quite rightly and understandably an emotive subject but it makes no difference whatsoever to the control over it from before it happened.

 

[Pinchy]

We need a tutorial on football finance from Big Jim. He has offered to do it. If enough express an interest (I'm in) I'm sure Foxy could arrange it for us.

The fact is Kevin McCabe has kept our club afloat for many years. It has cost him a fortune that he will never get back. In that time he has made grievous errors, we all do. But his integrity, unlike most of the crooks who have owned the club before him, is beyond question. He's a true Blade.

 

[Worksop II]

We need a tutorial on football finance from Big Jim. He has offered to do it. If enough express an interest (I'm in) I'm sure Foxy could arrange it for us.

How much would they charge ..........................

Its £10 for a walk around the ground for a kid and an adult ...................

 

[blade too long]

We knew what the parachute payments were. We overspent massively. That was down to KMc letting Turry and the Alky have the cheque book. Nothing to do with inadequacy.

NO , ITS EVERY CLUB TAKES THAT GAMBLE
thats why saints leeds swfc portsmouth , forest and many more have all speculated to stay in the prem ,,but if you dont stay up you get the debt

its not just McCabe theres around 20 clubs all gone through the process

Blame is easy , forest fans have some saying exactly the same wheres the money 2 champions league titles and we are skint

we won buggar all , so we should be super skint

luckily mccabes has eased our debt not made it worse

why wouldnt he

hes a blade like us
If Id have had the greif hes had id have said fuck you years ago , to the moaners and wed have been in admin , nothing surer

did you not witness how wednesday collapsed after falling out of the prem and got within an hour of going into admin and they own the city , apparently

 

[wizadry]

That last sentence is probably very true and a lot of our fans utterly refuse to discuss such issues.
Head in sand brigade when it comes to other peoples money.

UTB

I don't think it's a case of refusing to discuss it, i think(well i speak for me personally anyway) what i want to know is why we seem to have such high running costs for a league one club and are they look at sustaining or lessoning the costs, if we do this though it could hinder the playing staff and that will do us no favours whatsoever, it's a fine line i suppose.

 

[Pinchy]

How much would they charge ..........................

Its £10 for a walk around the ground for a kid and an adult ...................

Yes, that would power a floodlight for a second or two...

 

[Sean Thornton]

The 2014 accounts for Sheffield United Ltd , formerly the plc, show rental income of £128k.

 

[BushBlade]

We need a tutorial on football finance from Big Jim. He has offered to do it. If enough express an interest (I'm in) I'm sure Foxy could arrange it for us.

The fact is Kevin McCabe has kept our club afloat for many years. It has cost him a fortune that he will never get back. In that time he has made grievous errors, we all do. But his integrity, unlike most of the crooks who have owned the club before him, is beyond question. He's a true Blade.

Sometimes though Pinchy, it feels to us like we're watching our dad piss his money away at the bookies, telling us 'don't worry, when I get a big win I'm taking you to Disneyland' as he sticks another ton on a three legged mule.

 

[Fulwood Blade]

I don't think it's a case of refusing to discuss it, i think(well i speak for me personally anyway) what i want to know is why we seem to have such high running costs for a league one club and are they look at sustaining or lessoning the costs, if we do this though it could hinder the playing staff and that will do us no favours whatsoever, it's a fine line i suppose.

yes you make a good point.

Football is unsustainable without money men benefactors in the lower leagues - Prince and Chansiri as 2 close examples.
We should be fortunate that the Prince has followed McCabe - if the Prince gets fed up, we are stuffed.
As for running costs - think we pay too much for average players........and so it goes full circle back to poor management decisions.
We have to hope once again we can get out of this decision - trouble is what I see is " I hope Adkins is good enough to get us out as against we ARE good enough to get out"
UTB

 

[Sean Thornton]

NO , ITS EVERY CLUB TAKES THAT GAMBLE
thats why saints leeds swfc portsmouth , forest and many more have all speculated to stay in the prem ,,but if you dont stay up you get the debt

its not just McCabe theres around 20 clubs all gone through the process

Blame is easy , forest fans have some saying exactly the same wheres the money 2 champions league titles and we are skint

we won buggar all , so we should be super skint

luckily mccabes has eased our debt not made it worse

why wouldnt he

hes a blade like us
If Id have had the greif hes had id have said fuck you years ago , to the moaners and wed have been in admin , nothing surer

did you not witness how wednesday collapsed after falling out of the prem and got within an hour of going into admin and they own the city , apparently

You said the parachute payments were inadequate. They were what they were. We made a. conscious decision to go for it which sadly failed for the reasons I said and which has crippled us to this day. Those are facts not a criticism of McCabe who has kept us out of admin no doubt for some but remember admin would have resulted in him being the biggest financial loser even keeping control of the assets. Not really a viable option for him.

But it's nothing to do with inadequate parachute payments which were known at the time. If we chose to spend more, that's down to the club.

 

[Rodders]

We need a tutorial on football finance from Big Jim. He has offered to do it. If enough express an interest (I'm in) I'm sure Foxy could arrange it for us.

The fact is Kevin McCabe has kept our club afloat for many years. It has cost him a fortune that he will never get back. In that time he has made grievous errors, we all do. But his integrity, unlike most of the crooks who have owned the club before him, is beyond question. He's a true Blade.

This is, of course the man that espouses Bladey Blade-ness. He's insisted on the continued employment of upanatem, muckandnettles coach Chris Morgan, employed the woeful Alehouse when faced with recruiting someone to replace the progressive Speed.
Pinchy, you're so far removed from Bladey Blade-ness, you've gone full circle and fully embraced it. Just accept it, you'll feel better for it.

 

[grafikhaus]

So that reads to me as McCabe is effectively hamstringing the club due to the rent being charged to his Scarborough Property Group.

Maybe, but we'll probably never know. I always suspected that McCabe's - and many other owners' - business model is similar to 'Buy to Let' Not so much the ground etc. but lending the money to keep the club afloat/solvent. Obviously, he'll have named a rate of interest, and it'll be more than/less risk than he would get anywhere else.

I don't think that the principal idea behind Chengdu was a bad one. It is easy to say after, when it hasn't worked, that it was stupid and half brained.

Me neither but, back then, it was hard to envisage what a powerhouse China would become. And now? Things may be about to get very tricky for them. Timing and information available at the time. However, if our brief flirtation with the PL was the basis for this global expansion, somebody should have read up on United's history and how long we've spent in the top flight.

 

[blade too long]

You said the parachute payments were inadequate. They were what they were. We made a. conscious decision to go for it which sadly failed for the reasons I said and which has crippled us to this day. Those are facts not a criticism of McCabe who has kept us out of admin no doubt for some but remember admin would have resulted in him being the biggest financial loser even keeping control of the assets. Not really a viable option for him.

But it's nothing to do with inadequate parachute payments which were known at the time. If we chose to spend more, that's down to the club.

As I already said as do all clubs , you speculate to accumulate , we took a gamble . we were very unlucky not to stay up on 38 points
but the die is set , dont quote Burnley being sensible they got 56 m in parachute payments , its far NEARER WHAT IT SHOULD BE NOW
Players wages have to be met unfortunately 3 year contracts need honouring, Ill re itterate for the hard of thinking
we werent alone in this risk taking exercise

UNLESS YOU THINK WE SHOULD HAVE SPENT NOTHING AND GONE DOWN WITH 18 POINTS

 

[Revolution]

Maybe, but we'll probably never know. I always suspected that McCabe's - and many other owners' - business model is similar to 'Buy to Let' Not so much the ground etc. but lending the money to keep the club afloat/solvent. Obviously, he'll have named a rate of interest, and it'll be more than/less risk than he would get anywhere else.



Me neither but, back then, it was hard to envisage what a powerhouse China would become. And now? Things may be about to get very tricky for them. Timing and information available at the time. However, if our brief flirtation with the PL was the basis for this global expansion, somebody should have read up on United's history and how long we've spent in the top flight.

I was told by someone who knew the details that the Chengdu investment was very small in cash terms compared to transfer fees and wages. It didn't work, but was worth a punt given the cost.

 

[blade too long]

The 2014 accounts for Sheffield United Ltd , formerly the plc, show rental income of £128k.

128 K A YEAR IS 2. 1K A WEEK

FOR AN AREA OF 12 ACRES

CITY RENTS ARE NORMALLY 500 QUID FOR 200 SQ FEET

SCREWING IS NOT A TERM THAT COVERS THIS
If you wanted to rent 12 acres of prime city centre land be nearer 4 m a year

128k a year equates to half of wayne rooney weekly wage
my we are being fleeced

 

[Rodders]

I was told by someone who knew the details that the Chengdu investment was very small in cash terms compared to transfer fees and wages. It didn't work, but was worth a punt given the cost.

I think the bantz that came following the signing of Hao Haidong made it all worth it in the end.

 

[Sean Thornton]

As I already said as do all clubs , you speculate to accumulate , we took a gamble . we were very unlucky not to stay up on 38 points
but the die is set , dont quote Burnley being sensible they got 56 m in parachute payments , its far NEARER WHAT IT SHOULD BE NOW
Players wages have to be met unfortunately 3 year contracts need honouring, Ill re itterate for the hard of thinking
we werent alone in this risk taking exercise

UNLESS YOU THINK WE SHOULD HAVE SPENT NOTHING AND GONE DOWN WITH 18 POINTS

Don't you read what anyone actually says? What have Burnley got to do with your statement - a ridiculous one - that parachute payments were "inadequate". They were a known figure. We could have reigned in spending but McCabe to his credit went for it and it failed.
Just so you know though, we speculated heavily after relegation, not so much in the PL season so you're mixing up two different years so it's a bit much to talk about the hard of thinking. Keep talking bs about the tax treatment of rental income though, but possibly without getting shouty.

You can't even see I'm hardly criticising McCabe at all so your unlikely to grasp the facts I've posted.

 

[Sean Thornton]

128 K A YEAR IS 2. 1K A WEEK

FOR AN AREA OF 12 ACRES

CITY RENTS ARE NORMALLY 500 QUID FOR 200 SQ FEET

SCREWING IS NOT A TERM THAT COVERS THIS
If you wanted to rent 12 acres of prime city centre land be nearer 4 m a year

128k a year equates to half of wayne rooney weekly wage
my we are being fleeced

You really need to read my posts properly. I posted that figure because of earlier comments about him possibly charging huge amounts. It seems to show that's not the case.
If you know so much you could have posted it yourself.

 

[Rodders]

You really need to read my posts properly. I posted that figure because of earlier comments about him possibly charging huge amounts. It seems to show that's not the case.
If you know so much you could have posted it yourself.

Sean, meet BTL.

 

[Sean Thornton]

Sean, meet BTL.

It's not me then?

 

[blade too long]

Don't you read what anyone actually says? What have Burnley got to do with your statement - a ridiculous one - that parachute payments were "inadequate". They were a known figure. We could have reigned in spending but McCabe to his credit went for it and it failed.
Just so you know though, we speculated heavily after relegation, not so much in the PL season so you're mixing up two different years so it's a bit much to talk about the hard of thinking. Keep talking bs about the tax treatment of rental income though, but possibly without getting shouty.

You can't even see I'm hardly criticising McCabe at all so your unlikely to grasp the facts I've posted.

they were a known figure for swfc leeds forest coventry , saints , norwich etc etc
whats your point

we have avoided admin plenty more havent
no credit for mccabe to give for that though eh

 

[blade too long]

You really need to read my posts properly. I posted that figure because of earlier comments about him possibly charging huge amounts. It seems to show that's not the case.
If you know so much you could have posted it yourself.

not knocking your quote , just saying to those saying hes screwing us 128 k a year is peppercorn rent
thank you for posting the reality of it

 

[Sean Thornton]

they were a known figure for swfc leeds forest coventry , saints , norwich etc etc
whats your point

we have avoided admin plenty more havent
no credit for mccabe to give for that though eh

As I said, he would have been the biggest loser in an admin situation. That's pretty much a fact. I'm not one of these who doesn't think he's lost millions, he has with little chance of ever getting it back. Plenty of credit there. He could have cut and run or sold to some shyster. He didn't so we need to thank him for that.

 

[blade too long]

oh hes made mistakes , noticeably some managerial appointments , but I think its harsh to question his drive as a blade to support the club
hed no morer want to fleece the club than any of the fans that are suggesting it
hes put his money where his mouth is , not many would do it for so long , been faster if hed put it in black bags and burnt it

 

[super_pig]

You'd need to find a tenant first before you could get a return on your investment

bert thinks you'd need.. thankyou