Does KM want to go up?

[davidblade]

No it isn't but it's risk aversion policy. "No More Money"

 

[CarlMcBlade]

I know our Kev is a property speculator an all that. But I'm sure he would much prefer his prime real estate to the packed to the rafters with punters every other week than see all those lovely red empty seats, especially at the Bramall lane end.

 

[PeteBlade]

No it isn't but it's risk aversion policy. "No More Money"

Have you just done a 30 minute online course in economics and are trying to use the only phrases you remember?

 

[davidblade]

Have you just done a 30 minute online course in economics and are trying to use the only phrases you remember?

Yes
Our Kevin has tried with United, I'm not saying he doesn't love our club.
He has pumped millions into the club but at the end of the day. He has failed and I think he realises this. Yes he love United but he loves money more.

 

[Flatulent_Bob]

Yes
Our Kevin has tried with United, I'm not saying he doesn't love our club.
He has pumped millions into the club but at the end of the day. He has failed and I think he realises this. Yes he love United but he loves money more.

...and he's much more likely to find someone to buy him out for more in league one than the championship.
Plus why does he have to put money into the Championship budget but not league one. Why not go up take the additional revenue and still invest fuck all?

Seriously, your last two posts have decreased the average IQ of the planet by a whole point.

 

[davidblade]

Life is a risk but making money out of football is a pure gamble, he has gambled and lost.
It's now about cutting your loses with the minimum risk.
You can't guarantee any thing in football.

 

[Flatulent_Bob]

Life is a risk but making money out of football is a pure gamble, he has gambled and lost.
It's now about cutting your loses with the minimum risk.
You can't guarantee any thing in football.

I refuse to believe anyone goes into owning a football club to make money. It's always been a status thing not a profit making one.

 

[GB10]

In the coca cola championship these days you need to spend millions and millions just to compete. KM won't be happy with that, not one bit! What will he do if we somehow accidentally stumble up through the play-offs?

I've thought last night whether this even needs an answer initially thinking I wouldn't bother .
But having slept on it I"lol give it a go.
To the OP just stop for a millisecond and think.
The club loses money in league 1 . Yes they need to invest to get out of this league but that's what they are trying to do ( debatable whether enough money had been spent - clearly it hasn't worked yet )
However income in the championship is massively higher than in league 1 and with the ultimate goal however ridiculous it sounds right now , being premiership and the untold TV riches that brings not to mention investment , crowd , merchandise etc etc ... WHY THE HELL WOULDNT THEY WANT TO GO UP ??????

 

[Snowman]

I refuse to believe anyone goes into owning a football club to make money. It's always been a status thing not a profit making one.

Mandaric? Did pretty well on "many levels".

 

[davidblade]

Maybe , maybe not

 

[Deleted member 875]

Maybe , maybe not

I can't decide if you are undecided or not?

 

[davidblade]

I think there maybe many ways of investing in a football club and making a decent return on ones investment. Remember interest rates are at an all .time low.
There are directors salaries, pensions and numerous ways large companies use smaller companies for they're greater financial good.

 

[Sean Thornton]

I think there maybe many ways of investing in a football club and making a decent return on ones investment. Remember interest rates are at an all .time low.
There are directors salaries, pensions and numerous ways large companies use smaller companies for they're greater financial good.

George Osborne a Blade?

 

[Sean Thornton]

 

[davidblade]

George Osborne a Blade?

I'm a blade but not a niave one.
Remember Google had a turnover of 5.6 billion pounds but paid less than 22 million pound in the UK which equals less than 0.5 %.
It has done nothing illegal.

 

[Gin&Juice]

No he doesn't and he's employed football's greatest villain Patrick Doyle of Dream Team fame to oversee our demise. (As manager he once placed a bet on his own team to go down). This is real life and not some far-fetched stupidity isn't it?

 

[Rodley]

The FT hasn't got shit on this thread.

 

[davidblade]

A forensic financial investigation on sufc might prove interesting but I'm sure it wouldn't find anything illegal

 

[sheffielder]

good heavens, and here's me thinking the site was getting worse week by week - make that day by day.

UTB

The good thing about blades mad is you can read some threads, never have to contribute and always come away feeling good about how good you have it.

 

[Sean Thornton]

It's like a lenners post but delivered with Curtis' prose.

It's odd that when Barney has stopped posting like a less intelligent Pitsmoor Pig and has morphed into Melvin Bragg, someone comes along to take up the cudgel for the mentally challenged. Odd that.

( Cue, ask the mods to check my ISP retort)

 

[Finn Keane o' Balmaqueen]

It doesn't matter to him , the extraction of money from the club is all that matters.
The whole policy is a risk aversion policy.
I don't want to put anymore money into the club and I want my money back asap.

David.
May I call you David?

I do admire you for leaving your brain to medical science, but maybe you should have waited until you were dead.

 

[Sean Thornton]

I'm a blade but not a niave one.
Remember Google had a turnover of 5.6 billion pounds but paid less than 22 million pound in the UK which equals less than 0.5 %.
It has done nothing illegal.

While I obviously get your point even though it's irrelevant to this thread,
Corporation Tax isn't based on turnover.

 

[sheffielder]

David.
May I call you David?

I do admire you for leaving your brain to medical science, but maybe you should have waited until you were dead.

You seem to be dealing with a lot of 'David's' doctor

 

[PeteBlade]

Life is a risk but making money out of football is a pure gamble, he has gambled and lost.
It's now about cutting your loses with the minimum risk.
You can't guarantee any thing in football.

You don't make money out of football unless you're a footballer.

 

[davidblade]

L

While I obviously get your point even though it's irrelevant to this thread,
Corporation Tax isn't based on turnover.

Coporation tax is based on company profits . The problem is assessing where the profit is made. It's just an illustration how finance figures can be manipulated to suite there purpose.

 

[Sean Thornton]

L

Coporation tax is based on company profits . The problem is assessing where the profit is made. It's just an illustration how finance figures can be manipulated to suite there purpose.

So turnover was irrelevant to your point.

 

[Pittsburg Blade]

While I obviously get your point even though it's irrelevant to this thread,
Corporation Tax isn't based on turnover.

But he has a point that loss making subsidiaries can be used to reduce taxable income.

 

[Sean Thornton]

But he has a point that loss making subsidiaries can be used to reduce taxable income.

His example was Google. The profits are effectively transferred to non UK subsidiaries rather than having loss making UK subs. To be honest I didn't see where he made that particular point in a knowledgable way. What he did say was that you invested your money and paid yourself a salary which would give rise to a personal tax bill, which obviously isn't ideal financial planning when the company you are investing in is losing money. You effectively lose the tax element of the investment.

As far United, there are no profits, haven't shown profits for years and all the relevant companies have millions in tax losses available and in the case of the FC, nothing to set them off against.

 

[davidblade]

I suspect the relationship between McCabe /SUFC and his property developing business are very complex.
Perhaps someone on here could enlighten me.

 

[Pittsburg Blade]

I suspect the relationship between McCabe /SUFC and his property developing business are very complex.
Perhaps someone on here could enlighten me.

I don't think it's that complex. The parent company (Scarborough) lends money to the loss-making subsidiaries (Sufc) at exhorbitant interest rates, which is paid back in dribs and drabs through asset sales (Murphy et.al.)