Statement from McCabe - Official Site

[UnitedBlade]

I was asking if KMc mentioned anything about future planning, including further investment by the owners, in the audio.

Not really anything on that.

Given there was a request for everyone to get behind the team, they are clinging to the miracle of still reaching the play offs and against odds winning.

What they plan for next season isn't overt. All we know is many players are out of contract and McCabe said he thought Adkins would be here next season. He was off for a cup of tea with Nigel after the game.

 

[blade too long]

Given there was a request for everyone to get behind the team, they are clinging to the miracle of still reaching the play offs and against odds winning.
.

miracle , making up 4 points on teams we have to play, beat them and its 1 point
hardly be a miracle, just getting it right
its our galaxy quest

 

[UnitedBlade]

miracle , making up 4 points on teams we have to play, beat them and its 1 point
hardly be a miracle, just getting it right

We probably need to win 9 out of 14 now.

I haven't given up hope but that is a tall order. Coventry and Millwall have much better goal differences so that's an extra point we need to make up.

3-5-2 may help us to stop conceding goals but we won't play many sides as poor as Port Vale in the run in.

We'll see, we need to win the next 2 to start with. I'll be very disappointed if they aren't up for it against Clough.

 

[blade too long]

We probably need to win 9 out of 14 now.

I haven't given up hope but that is a tall order. Coventry and Millwall have much better goal differences so that's an extra point we need to make up.

3-5-2 may help us to stop conceding goals but we won't play many sides as poor as Port Vale in the run in.

We'll see, we need to an the next 2 to start with. I'll be very disappointed if they aren't up for it against Clough.

if barnsley can do it
its not impossible
and port vale are up there with us and your bradfords and posh etc

 

[William Henry Foulkes]

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!

Not signing Walker just shows, yet again, the lack of ambition.

 

[Mendi]

His mistakes has put us here.

 

[Sothall_Blade]

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)

Is it me that's confusing the two or is it McCabe?
If McCabe has used Sheffield United as a vehicle to invest say £1M in a health club then made a profit, he shouldn't then include that £1M investment when asked how much his family has put in to the club. They've had that portion of the investment repaid.
Same goes for a £25M investment in building a hotel that doesn't benefit the football club. He could sell the hotel and recoup his investment.
Therefore, it's a perfectly valid and relevant question to ask him how much his family has actually spent on the football team. It will be a substantial amount but won't be £90M.

 

[Sean Thornton]

Is it me that's confusing the two or is it McCabe?
If McCabe has used Sheffield United as a vehicle to invest say £1M in a health club then made a profit, he shouldn't then include that £1M investment when asked how much his family has put in to the club. They've had that portion of the investment repaid.
Same goes for a £25M investment in building a hotel that doesn't benefit the football club. He could sell the hotel and recoup his investment.
Therefore, it's a perfectly valid and relevant question to ask him how much his family has actually spent on the football team. It will be a substantial amount but won't be £90M.

What are the non football losses then? What did Chengdu cost us? As I said the Hungarian adventure was Scarboroughs baby. Think Mariners was as well. The profit on the health club should be his then by your rules but the company got the profit. What are the figures on the hotel?

As I said £41 million debt and cash input to equity in the FC. £24 million loans in SU Ltd, around £8 million in shares in SU Ltd. That's over £70 million. Now how much of that relates to Chengdu or any other non football spending.?

The accounts tell you how much we've lost year on year. He hasn't been spun king money on overseas ventures for some time. Who do you think funded these losses?
There are tax losses available of over £40 million, take into account what he's paid for his shares and it all ties in.

 

[judge]

If the club owed him 30 m which he wrote off then that would mean he has invested a further 60 m in the last two years wouldnt it ?
And isnt it a fact that the reason we are haemoraging money is because we are paying off loans that if they arent to.him are additional to the 150m investment weve been so lucky to get the last ten years

Its only when you see stuff like this in black and white and how nonsensical it sounds that you realise the fans dont have any option but not to trust him

 

[Sean Thornton]

If the club owed him 30 m which he wrote off then that would mean he has invested a further 60 m in the last two years wouldnt it ?
And isnt it a fact that the reason we are haemoraging money is because we are paying off loans that if they arent to.him are additional to the 150m investment weve been so lucky to get the last ten years

Its only when you see stuff like this in black and white and how nonsensical it sounds that you realise the fans dont have any option but not to trust him

No of course it doesn't. FFS he's transferred it to equity ie shares not "written it off"

And no, it isn't a fact that we're haemorrhaging money because loan repayments aren't charged to the P&L account so don't affect trading losses. I don't understand the last part of that paragraph because it makes no sense.

Facts are facts, all you are doing is passing inaccurate and at times daft opinions to rubbish him. As if failure on the pitch isn't enough .

 

[The Bohemian]

Bit harsh Sean! Few people have your grasp of the numbers and the group structure does complicate things.

The difficulty many supporters have in taking too much at face value is probably due to some of the charlatans who preceded McCabe and used our club, primarily, for their own financial gain.

McCabe is not one of them but it's good that authority is constantly scrutinised and challenged, wherever it sits.

 

[Sean Thornton]

Bit harsh Sean! Few people have your grasp of the numbers and the group structure does complicate things.

The difficulty many supporters have in taking too much at face value is probably due to some of the charlatans who preceded McCabe and used our club, primarily, for their own financial gain.

McCabe is not one of them but it's good that authority is constantly scrutinised and challenged, wherever it sits.

If I!d come on and said that KMc had lied and the accounts showed that he had lied and given detail some would have accepted it without question. They don't want the facts, they want their version of events to be the accepted one. You deal with a point but all that happens is the questions get more bizarre. If the hotel had fallen down I wouldn't come on arguing with a surveyor saying it's because McCabe bought cheap bricks.

 

[alcoblade]

Warnock has proven time after time that he isn't up to managing in the premiership. Shame we didn't pull the trigger once we were promoted.
To prove it look at all the Premiership teams he's managed and how long he/they have lasted.

That's because he takes teams there well beyond their natural standing, not because he's incapable.

QPR weren't even in the relegtion zone when he was sacked.

Whatever side of the fence you are on, you'd have to concede that he was incredibly unlucky with us.

And either way, he's leagues above anything we've had since. Only Adkins record would get near.

UTB

 

[judge]

No of course it doesn't. FFS he's transferred it to equity ie shares not "written it off"
Not really my point , if he was owed 30 m and wrote it off /transferred to equity
Then where does the other 60m come from ?
And no, it isn't a fact that we're haemorrhaging money because loan repayments aren't charged to the P&L account so don't affect trading

Ok i thought you'd said before that the losses were to pay loans


I don't understand the last part of that paragraph because it makes no sense.

Facts are facts, all you are doing is passing inaccurate and at times daft opinions to rubbish him. As if failure on the pitch isn't enough .

Thats exactly what im doing to prove how these things come about and why there is so much mistrust [/QUOTE] not sure why youre taking things so personally im not having a pop at you

Just thinking out loud an an internet forum

 

[DronnieBlade]

McCabe and the Prince, like most football club owners, are in a no win situation as far as fans are concerned.

I compare it to a business where shareholder interest and customer interests are not always perfectly aligned.

Damned if you do, damned if you don't.

Who'd be a chairman eh !!!!!!!

UTB

 

[Houston_Blade]

I reject, completely totally and utterly any suggestion that expecting this club to put together a credible promotion campaign from league one counts as 'high expectation'.

McCabe, Adkins or anyone else suggesting the fans here have 'high expectations' just make themselves look like daft pricks.

Sorry, yes that point was tongue in cheek, he's using the fans "high expectations" as a cover for his underachievement.

 

[northsomersetblade]

McCabe and the Prince, like most football club owners, are in a no win situation as far as fans are concerned.

I compare it to a business where shareholder interest and customer interests are not always perfectly aligned.

I have observed that shareholders usually get pretty agitated when customers start going elsewhere

 

[Jan Age]

I want the answer to the following question:

If we had not sold Maguire and Murphy, if we had not been to two cup semi-finals and if we had not drawn Man U this year, how much actual investment would we have seen in the first team?

 

[Blade58]

I want the answer to the following question:

If we had not sold Maguire and Murphy, if we had not been to two cup semi-finals and if we had not drawn Man U this year, how much actual investment would we have seen in the first team?

Don't know about the investment, but with Maguire and Murphy we may have got promoted

 

[Yewsman]

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.

I get increasingly frustrated reading the nonsense written by at least 50% of the supporters on here. "Long term plan to move this club forward and achieve promotion...." McCabe hasn't put any money in and it's all his fault. At the end of the day the most important appointment at any club is the manager. Look at the clubs who are or have punched above their weight and it is always those with a good manager. Eddie Howe at Bournmouth, Curbishly at Charlton etc.. Often when they lose their manager they drop like a stone unless they are fortunate enough to find another equally good one. Sadly McCabe and the board have made some poor appointments starting with Bryan Robson but the last two appointments, Clough and Adkins were pretty much universally hailed by supporters as the right men. The board also have to provide the funds so the manager can buy and also fund the wages (often much more than the transfer fee) of the players he wants. Undoubtedly the board have done this. Clough's budget must have been huge and certainly way more than any other club in L1 and the same with Adkins (with the possible exception of Wigan). Sadly Clough's signings and legacy have turned out largely to be disastrous and a very expensive millstone around the Club's neck but the board have had to continue funding them. They also had to pay Clough and his management team off. The board have backed NA financially. He signed Billy and we have taken a number of loan players who are on Championship wages. Whether these are the right players is a matter of debate but they are the manager's choice not the Board's. Experience shows that just chucking money around does not guarantee promotion.
So yes you can criticise some of the Board's managerial appointments, but who would you have appointed instead? You cannot criticise the Board for trying to get a manager on the cheap. I would suggest that both Clough and Adkins were/are on Chamionship level wages. You cannot criticise the level of financial support given to the managers and as for a plan there is only one plan. We have to stick with NA for at least 3 seasons more. We have to get out of L1 then we have to get out of the Championship into the Premier League. It's a simple plan but difficult to achieve.

 

[Sean Thornton]

Apologies then. Over reaction. Was beginning to imagine you and Sothall sat together in a pub giggling saying " let's ask him this"

It's difficult not to post in accounts speak. I put wrote it off to try and show it was no longer repayable. My bad.

There were no loans outstanding in the 2014 accounts of BL or SUFC as they'd all been transferred to shares. So no large sums going out.

In the interests of balance, there is a rumour, totally unsubstantiated and from a well known McCabe hater although no pudding, that the rent is now £1.5m a year.

Pigeons, Cat.

Off for a beer now.

 

[derryblade]

I get increasingly frustrated reading the nonsense written by at least 50% of the supporters on here. "Long term plan to move this club forward and achieve promotion...." McCabe hasn't put any money in and it's all his fault. At the end of the day the most important appointment at any club is the manager. Look at the clubs who are or have punched above their weight and it is always those with a good manager. Eddie Howe at Bournmouth, Curbishly at Charlton etc.. Often when they lose their manager they drop like a stone unless they are fortunate enough to find another equally good one. Sadly McCabe and the board have made some poor appointments starting with Bryan Robson but the last two appointments, Clough and Adkins were pretty much universally hailed by supporters as the right men. The board also have to provide the funds so the manager can buy and also fund the wages (often much more than the transfer fee) of the players he wants. Undoubtedly the board have done this. Clough's budget must have been huge and certainly way more than any other club in L1 and the same with Adkins (with the possible exception of Wigan). Sadly Clough's signings and legacy have turned out largely to be disastrous and a very expensive millstone around the Club's neck but the board have had to continue funding them. They also had to pay Clough and his management team off. The board have backed NA financially. He signed Billy and we have taken a number of loan players who are on Championship wages. Whether these are the right players is a matter of debate but they are the manager's choice not the Board's. Experience shows that just chucking money around does not guarantee promotion.
So yes you can criticise some of the Board's managerial appointments, but who would you have appointed instead? You cannot criticise the Board for trying to get a manager on the cheap. I would suggest that both Clough and Adkins were/are on Chamionship level wages. You cannot criticise the level of financial support given to the managers and as for a plan there is only one plan. We have to stick with NA for at least 3 seasons more. We have to get out of L1 then we have to get out of the Championship into the Premier League. It's a simple plan but difficult to achieve.

Certainly it's all about opinion but I didn't read anything in that statement or his interview on RS that filled me with any confidence that KM or the Prince has clue how to turn our fortunes around other than hope or we are due some luck. Is that really a plan?

 

[judge]

I want the answer to the following question:

If we had not sold Maguire and Murphy, if we had not been to two cup semi-finals and if we had not drawn Man U this year, how much actual investment would we have seen in the first team?

I would say none
It seems the buge sums being talked about are just to keep us afloat and if true are unsustainable

 

[alcoblade]

I get increasingly frustrated reading the nonsense written by at least 50% of the supporters on here. "Long term plan to move this club forward and achieve promotion...." McCabe hasn't put any money in and it's all his fault. At the end of the day the most important appointment at any club is the manager. Look at the clubs who are or have punched above their weight and it is always those with a good manager. Eddie Howe at Bournmouth, Curbishly at Charlton etc.. Often when they lose their manager they drop like a stone unless they are fortunate enough to find another equally good one. Sadly McCabe and the board have made some poor appointments starting with Bryan Robson but the last two appointments, Clough and Adkins were pretty much universally hailed by supporters as the right men. The board also have to provide the funds so the manager can buy and also fund the wages (often much more than the transfer fee) of the players he wants. Undoubtedly the board have done this. Clough's budget must have been huge and certainly way more than any other club in L1 and the same with Adkins (with the possible exception of Wigan). Sadly Clough's signings and legacy have turned out largely to be disastrous and a very expensive millstone around the Club's neck but the board have had to continue funding them. They also had to pay Clough and his management team off. The board have backed NA financially. He signed Billy and we have taken a number of loan players who are on Championship wages. Whether these are the right players is a matter of debate but they are the manager's choice not the Board's. Experience shows that just chucking money around does not guarantee promotion.
So yes you can criticise some of the Board's managerial appointments, but who would you have appointed instead? You cannot criticise the Board for trying to get a manager on the cheap. I would suggest that both Clough and Adkins were/are on Chamionship level wages. You cannot criticise the level of financial support given to the managers and as for a plan there is only one plan. We have to stick with NA for at least 3 seasons more. We have to get out of L1 then we have to get out of the Championship into the Premier League. It's a simple plan but difficult to achieve.

Clough was a really poor appointment and pointed this out at the time. Everything that panned out was obvious before he came, after a long career of achieving nothing.

The only decent appointment McCabe has made is Adkins. All the others, barring the disastrous Robson, just ticked the cheap and available box.

UTB

 

[yorkshirecoast]

Clough was a really poor appointment and pointed this out at the time. Everything that panned out was obvious before he came, after a long career of achieving nothing.

The only decent appointment McCabe has made is Adkins. All the others, barring the disastrous Robson, just ticked the cheap and available box.

UTB

So - have you been impressed with Adkins' signings, tactics, comments and results with us so far? I can't remember us outplaying a team once this season and the number of defeats - particularly at home - is shocking.

 

[alcoblade]

So - have you been impressed with Adkins' signings, tactics, comments and results with us so far? I can't remember us outplaying a team once this season and the number of defeats - particularly at home - is shocking.

That's not the point I was making.

No, I haven't been impressed.

UTB

 

[PeteBlade]

I get increasingly frustrated reading the nonsense written by at least 50% of the supporters on here. "Long term plan to move this club forward and achieve promotion...." McCabe hasn't put any money in and it's all his fault. At the end of the day the most important appointment at any club is the manager. Look at the clubs who are or have punched above their weight and it is always those with a good manager. Eddie Howe at Bournmouth, Curbishly at Charlton etc.. Often when they lose their manager they drop like a stone unless they are fortunate enough to find another equally good one. Sadly McCabe and the board have made some poor appointments starting with Bryan Robson but the last two appointments, Clough and Adkins were pretty much universally hailed by supporters as the right men. The board also have to provide the funds so the manager can buy and also fund the wages (often much more than the transfer fee) of the players he wants. Undoubtedly the board have done this. Clough's budget must have been huge and certainly way more than any other club in L1 and the same with Adkins (with the possible exception of Wigan). Sadly Clough's signings and legacy have turned out largely to be disastrous and a very expensive millstone around the Club's neck but the board have had to continue funding them. They also had to pay Clough and his management team off. The board have backed NA financially. He signed Billy and we have taken a number of loan players who are on Championship wages. Whether these are the right players is a matter of debate but they are the manager's choice not the Board's. Experience shows that just chucking money around does not guarantee promotion.
So yes you can criticise some of the Board's managerial appointments, but who would you have appointed instead? You cannot criticise the Board for trying to get a manager on the cheap. I would suggest that both Clough and Adkins were/are on Chamionship level wages. You cannot criticise the level of financial support given to the managers and as for a plan there is only one plan. We have to stick with NA for at least 3 seasons more. We have to get out of L1 then we have to get out of the Championship into the Premier League. It's a simple plan but difficult to achieve.

You lost me when you claim the board have backed a manager who had been able to sign 2 permanent players across an entire season.

 

[finlaytheblade]

I get increasingly frustrated reading the nonsense written by at least 50% of the supporters on here. "Long term plan to move this club forward and achieve promotion...." McCabe hasn't put any money in and it's all his fault. At the end of the day the most important appointment at any club is the manager. Look at the clubs who are or have punched above their weight and it is always those with a good manager. Eddie Howe at Bournmouth, Curbishly at Charlton etc.. Often when they lose their manager they drop like a stone unless they are fortunate enough to find another equally good one. Sadly McCabe and the board have made some poor appointments starting with Bryan Robson but the last two appointments, Clough and Adkins were pretty much universally hailed by supporters as the right men. The board also have to provide the funds so the manager can buy and also fund the wages (often much more than the transfer fee) of the players he wants. Undoubtedly the board have done this. Clough's budget must have been huge and certainly way more than any other club in L1 and the same with Adkins (with the possible exception of Wigan). Sadly Clough's signings and legacy have turned out largely to be disastrous and a very expensive millstone around the Club's neck but the board have had to continue funding them. They also had to pay Clough and his management team off. The board have backed NA financially. He signed Billy and we have taken a number of loan players who are on Championship wages. Whether these are the right players is a matter of debate but they are the manager's choice not the Board's. Experience shows that just chucking money around does not guarantee promotion.
So yes you can criticise some of the Board's managerial appointments, but who would you have appointed instead? You cannot criticise the Board for trying to get a manager on the cheap. I would suggest that both Clough and Adkins were/are on Chamionship level wages. You cannot criticise the level of financial support given to the managers and as for a plan there is only one plan. We have to stick with NA for at least 3 seasons more. We have to get out of L1 then we have to get out of the Championship into the Premier League. It's a simple plan but difficult to achieve.

I couldn't have put it better yewsman that's how it is a great post that's sums it up perfectly

 

[PeteBlade]

So - have you been impressed with Adkins' signings, tactics, comments and results with us so far? I can't remember us outplaying a team once this season and the number of defeats - particularly at home - is shocking.

Why do you keep banging on about his comments?

 

[yorkshirecoast]

Why do you keep banging on about his comments?

And his signings, tactics and results. You keep forgetting I mention those too. Probably because they are harder to defend.