Statement from McCabe - Official Site

[finlaytheblade]

I think you have your head in the clouds. You obviously don't read many of my posts. I've commented many times of the stupidity of the " he's taking money out" posts and I'd guess I'm seen as a clapper by many on here.
When I comment on the finances it's usually based on facts available to all or an opinion based on what's out there. The facts here are that there has been an element of rank bad management so he can't get away from admitting his mistakes can he?
What I'd like him to do is deal with now, not fanny about with platitudes about " the next level". Let's get their first eh?

There's more to being positive than blindly following every club announcement. Thinking for yourself is one. There's nothing negative about pointing out that the majority of that interview was about how much he's invested etc etc. I for one accept that almost totally, I've met him, like him and find him open and friendly face to face and yesterday he clearly wanted to get some things off his chest regarding his commitment to the club, fair enough, but you tell me how much more you knew of his plans to get us out of this division now, than you did on Friday?

That's fine Sean it seems you have got things off your chest.i accept in general you do quote things financial with some insight but like many on here you mostly put a negative spin on most things blades we need to be positive.Iv had a season ticket for over 50 years so I have maybe more to be negative about than many,but that's not my way and I don't have my head in the clouds!! I see things objectively with a positive spin.

 

[Sean Thornton]

That's fine Sean it seems you have got things off your chest.i accept in general you do quote things financial with some insight but like many on here you mostly put a negative spin on most things blades we need to be positive.Iv had a season ticket for over 50 years so I have maybe more to be negative about than many,but that's not my way and I don't have my head in the clouds!! I see things objectively with a positive spin.

If you are genuinely objective you surely have to see that for all his best efforts and undoubtedly good intentions, Kevin McCabe and those around him, have failed and more worryingly, are still failing?

That's not being negative, that's acceptance of the realities.

 

[him behind you]

Blaming luck and gambling on our size alone automatically getting us back up the league ladder... FFS.

And 'best efforts' is entirely different to competence.

Agree Ricky. There are enough of us spouting our size and we're Sheffield United, we're struggling behind giants like Burton FFS. Last thing we need is a chairman with an S6 style attitude

 

[pommpey]

Bert can swear as good as anyone but he believes that there is a time and a place for everything and that an open message board is not the place.
Does pommpey swear in front of small children and women, presumably he does due to his upbringing?

1. We have small children here?
2. Do small children go to the match and hear the utterances of the plebeian unwashed?
3. Do small children know and use these disgraceful outpourings from Hades itself?

As said, pommpey thinks Bert thinks is in the wrong place. Maybe we could have a puritanical sub-forum or ask Fox/Lindz to ratchet up the asterisk settings, eh? Pommpey doesn't give much of a fuck, mind.

pommpey

 

[finlaytheblade]

If you are genuinely objective you surely have to see that for all his best efforts and undoubtedly good intentions, Kevin McCabe and those around him, have failed and more worryingly, are still failing?

That's not being negative, that's acceptance of the realities.

In my opinion it's negative as you are looking at past when the future is more important

 

[Sean Thornton]

In my opinion it's negative as you are looking at past when the future is more important

You're confused. I said McCabe should be concentrating on what to do now and in the future rather than what he didn't manage to do before. My point was he said nothing about this other than there would be investment at the next level. What is he going to do now?

 

[PeteBlade]

In my opinion it's negative as you are looking at past when the future is more important

I'd love to know how ANYONE could put a positive slant on our situation.

It's not negativity, it's realism.

 

[robbiez666]

robbiez666

What was the Korea doc?

 

[judge]

Just concentrating on the facts Kevin McCabe himself supplied makes grim reading. Now most are concentrating on the ninety million figure when much more relevant are the financials from the last three years. Losses 2014 and 2015 totalling some £9 million and a forecast loss of £8 million this season virtually covers the Princes original ten million investment and the recent eight million investment ( the Desso pitch covers the rest?) and look where we are. Lower in the league, poor squad and not one penny of that eighteen million can be said to have improved the playing squad.

It's not all down to luck or Clough going mad with the cheque book.

But how ?
How is this happening ?
If the costs of putting out a lesgue one team are so extortionate then how do the other clubs manage it on smaller gates and with far inferior resources

 

[judge]

I have got an open mind believe me, I'm just trying to understand.
So, how is an "equity investment" shown in the annual accounts because I've looked and I couldn't see it.
Just a massive amount of "administrative expenses" causing us to make an overall loss and what these expenses are is never broken down or specified.

You wont get an answer mate no one knows

 

[robbiez666]

In my opinion it's negative as you are looking at past when the future is more important

The future is more important, but other than saying 'we wont make the same mistakes again' (repeated often over the last few years from the top) I want to know what his plan is for making the club successful.

 

[Sean Thornton]

You wont get an answer mate no one knows

Wrong again

 

[judge]

Sorry if you've said it elsewhere as I've not ploughed through all the threads in detail.

The bottomline is that it's disingenuous for McCabe to say he's put in £90M if some of that has already been repaid to him.

I could be wrong but I read it as his family have lost 90 million not that they had put in 90m

 

[judge]

Wrong again

Oh sorry could you answer It for me now then I must have missed it

 

[northsomersetblade]

I wish someone would post up exactly what the income is and where it all goes. If the club genuinely is a huge money sink then McCabe might get some sympathy, but the problem seems to be that hardly anyone one believes him. As above, sides like Burton seem to be able to make things work with a lot less, why can't we? Let's see some real numbers.

 

[Sean Thornton]

I could be wrong but I read it as his family have lost 90 million not that they had put in 90m

It's becoming a habit.

 

[Sean Thornton]

Oh sorry could you answer It for me now then I must have missed it

You don't want to see it.

 

[Pollingtonblade]

The club have answered that one to be fair. The "new player contract negotiation specialist" Scheiber has really earned his money so far, hasn't he?

"David Green, previously chairman of United’s football board, will also chair the technical board which directs player recruitment. Manager Nigel Adkins and senior members of his coaching staff are represented on the panel, alongside new player contract negotiation specialist Carl Shieber. A Loughborough University Business School scholar with an MBA in football industries, Shieber acted as United’s head of football administration between 2010 and 2012 before spending 11 months as their head of group co-ordination. Adkins, together with chief scout Lee Turnbull, maintain full authority for identifying transfer targets."

Read more: http://www.sheffieldtelegraph.co.uk...y-changes-at-the-lane-1-7611521#ixzz40nNL0200

Jesus fucking wept, here's me thinking it might be someone football related!!!! We are more fucked than I thought.

Still be nice to see some new grounds in a couple of years.

 

[judge]

It's becoming a habit.

sorry just reread it , my bad I genuinely read it as a loss first time round

You don't want to see it.

I really really do

 

[Sothall_Blade]

I could be wrong but I read it as his family have lost 90 million not that they had put in 90m

He said "My family's investment over the years amounts to around £90M"

Follow up questions should have been:-

"How much, if any, of that £90M have you since recouped?"
"How much of it was invested in non-football team projects? E.g Hotel, Business Centre, China? Hungary?
"How much does the club currently owe him?"

 

[Sean Thornton]

sorry just reread it , my bad I genuinely read it as a loss first time round


I really really do

It's a shambles. The running costs are too high for L1 and we've amassed squads that aren't up to the job. I'm not defending the board here, other clubs do it simply because they are better run and have made better appointments. They obviously don't get it right all the time but do now and again. If only we were so - to use the latest buzz word - "lucky"

 

[Sean Thornton]

He said "My family's investment over the years amounts to around £90M"

Follow up questions should have been:-

"How much, if any, of that £90M have you since recouped?"
"How much of it was invested in non-football team projects? E.g Hotel, Business Centre, China? Hungary?
"How much does the club currently owe him?"

The first and last ones are relevant. The others aren't. I said why earlier.

 

[Pollingtonblade]

The first and last ones are relevant. The others aren't. I said why earlier.

Course they are relevant in the context he posted them.

Many of us at the time in the PL said money should have gone into keeping us there rather than these global projects, none of which have worked.

 

[Sothall_Blade]

The first and last ones are relevant. The others aren't. I said why earlier.

Why is it not relevant? I must have missed your earlier explanation.

 

[Sean Thornton]

Course they are relevant in the context he posted them.

Many of us at the time in the PL said money should have gone into keeping us there rather than these global projects, none of which have worked.

we the point is the investment. Fradi cost Scarborough Group, not United for starters. If people are going to put questions to him, they need to do their homework.

 

[Sean Thornton]

Why is it not relevant? I must have missed your earlier explanation.

You're congusing spending with his investment, Fradi cost United nothing btw.
The health club was owned by SU Ltd and I think turned a profit ( not 100% on that but one business interest did)

 

[blade too long]

All a board can ever do is appoint a manager who they think can do the job
the bad luck element obviously covers wilson and losing Ched at the midnight hour , just when needed
dont think mccabe booked that Rhyll hotel room
The board funds the incomings and the contracts
they dont pick the players or the teams or the tactics
And its obvious we have as he says brought in 40 new players who have come up short, but how many did the board select
Is it the boards fault a player under performs, or a manager sets a team up wrong
Ive been watching football 50 odd years and never seen a director make a tackle
THE BOARD FACILITATE THE FUNDS TO, PAY WAGES THESE DAYS , PLAIN AND SIMPLE
yes they select the managers , but we arent the only club thats got that wrong
thats why a manager,s stay expectancy is now under 15 months

Ive set on accountants to do my taxes who had the credentials , but turned out to be poor
thats all part of it, you trust someone to do a job
as yet we havent found that right person
its all down to luck finding the right person , Bournemouth only fire up under Eddie Howe for example
before that was 25 years ago under Harry Redknapp
Im sure it wasnt for the want of trying

 

[The Bohemian]

I'd love to know how ANYONE could put a positive slant on our situation.

It's not negativity, it's realism.

OK, I'll try:

We have an amazing (given recent disappointment) support base of 18k+ which will easily become 25k in Div 2 and 30k in Div 1.

We have a stadium and facilities to be proud of - and a freakin' Desso pitch!

We have an award winning Academy which has produced a steady stream of players capable of playing in the First Team and several at international level.

We are in a strong financial position relative to the vast majority of other clubs outside the top flight, i.e. with mainly soft debt sitting with the owners and negligible bank debt.

We have a manager who almost all supporters wanted and who knows what's required to get out of this league and the next one.

We have a core of players (Long, Brayford, Basham, Coutts, Reed, Adams, Sharp, Done) who are more than capable at this level and with a few astute signings we will be promotion ready.

Walsall have 5 points from 5 games and have lost their way since Dean Smith left. We only need to improve a little to make the top 6 and with Wigan (the only team who look miles better than us) now looking good for the top 2, the play-offs will be there for the taking.

Once promoted, we will receive the next tranche of serious investment needed to push on again. Following on from the inspired return of Billy to his natural home, we will re-sign Jags, Naughton and Harry and build a team around players who actually care about the club and don't need to watch nature programmes to be convinced to give their all in each and every game.

Football is a funny old game, it's always darkest before dawn and we'll all be over the moon when, next season, the currently gloating stiffs from S6 are brought down to earth with a stirring 4-0 victory at BDTBL.

UTMB!

 

[yorkshirecoast]

Poor statement - but one I expected.

Lots of defensive bullshit about how much he claims to have invested. Very little about the way forward except that we need to spend even less on players.

He is clearly unwilling or unable to put in the level of investment needed. He should have made a clear statement that he wanted to find a buyer who can take us forward and that he was putting his share of the club up for sale.

Instead it looks like he is happy to let us drift along in L1 whilst the likes of the pigs spend big in order to give themselves the best chance of success.

 

[derryblade]

Where in that statement is the long term plan to move this club forward and achieve promotion. We have heard all the bad luck stories how much he has invested before, JP tells us repeatedly how much the Prince has put in it's is old news repetitive. The supporters want to hear why they should be considering renewing their season ticket other than blind faith.