£17.5M profit last year.

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Bladezz said:
He needed to pay £38million to buy the club as he didn’t have the funds. He’s used the clubs cash to buy its own assets from KM.
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I think it was the ground and assets rather than the club itself.
 
Bladezz said:
Why was the training ground delayed then?
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Great question. Money drying up, promises broken. Cant imagine our next accounts will look like this unfortunately, especially this full covid season.

Out of interest, one more for the accountants, will wilders/ other staff payouts be shown in our next accounts? Or will they be rolled up into "transfers" and the like.
 
Carlton Blade said:
I know. He used the clubs money to buy the assets and they now belong to the club
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I'm genuinely confused to why people think this is out of order. The last owner seperated the club and it's assets. The current owner has used the clubs money to buy those assets back........for the club.

People talk like he's used the clubs money to buy the ground and then turned into a house for himself.
 
Roygbiv said:
I'm genuinely confused to why people think this is out of order. The last owner seperated the club and it's assets. The current owner has used the clubs money to buy those assets back........for the club.

People talk like he's used the clubs money to buy the ground and then turned into a house for himself.
Click to expand...

I think its right the assets be owned by the club and to be honest, fair fucks to the prince. Hes had a dream tbh.

But, the way it happened meant he got the club for a relative song, and then got to massively increase the value of his asset too using money from said club. So he now owns a very valuable package, the value of which will go entirely to him if he sold , but did it using money he basically had nowt to do with. So its not just for the club, its increased his asset exponentially.

I think there is a feeling he couldnt have actually financed it another way/ personally and traditionally takeover would have made the incoming party buy the club as a whole including assets when coming in.

They should never have been seperate in the first place i agree. And to be honest/ fair, he made sure that a very large chunk of the clubs money was made available to the first team.
 



1987 said:
I think its right the assets be owned by the club and to be honest, fair fucks to the prince. Hes had a dream tbh.

But, the way it happened meant he got the club for a relative song, and then got to massively increase the value of his asset too using money from said club. So he now owns a very valuable package, the value of which will go entirely to him if he sold , but did it using money he basically had nowt to do with. So its not just for the club, its increased his asset exponentially.

I think there is a feeling he couldnt have actually financed it another way/ personally and traditionally takeover would have made the incoming party buy the club as a whole including assets when coming in.

They should never have been seperate in the first place i agree. And to be honest/ fair, he made sure that a very large chunk of the clubs money was made available to the first team.
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I don't think anyone could have predicted the path we were on when those agreements were made.

He struck very lucky with the timing for sure, and he's using what's available to make it work.
 
1987 said:
I think its right the assets be owned by the club and to be honest, fair fucks to the prince. Hes had a dream tbh.

But, the way it happened meant he got the club for a relative song, and then got to massively increase the value of his asset too using money from said club. So he now owns a very valuable package, the value of which will go entirely to him if he sold , but did it using money he basically had nowt to do with. So its not just for the club, its increased his asset exponentially.

I think there is a feeling he couldnt have actually financed it another way/ personally and traditionally takeover would have made the incoming party buy the club as a whole including assets when coming in.

They should never have been seperate in the first place i agree. And to be honest/ fair, he made sure that a very large chunk of the clubs money was made available to the first team.
Click to expand...




He did get lucky that he won sole ownership just as we reached the Premier League but you can't knock him for that. He's used the money earnt by the club to make the club stronger. We know he's relatively skint but for me so far he's using the finances he and we have in a sensible way. We are coming down without a disastrous wage bill and the club now owns Bramall Lane.

I can see why people don't think he's the man to take us forward as it seems clear he doesn't have the money for us to compete. What I can't understand is people criticising him for using the clubs money to buy things that help the club and trying to make our that becoming sole owner just as we reached The Premier League was some sort of evil masterplan. (Not saying you are by the way)

You could argue the ground issue and even the damage done by the court case itself is solely down to McCabe and PA is doing his best to bring some stability to the club but time will tell on that.
 
Roygbiv said:
He did get lucky that he won sole ownership just as we reached the Premier League but you can't knock him for that. He's used the money earnt by the club to make the club stronger. We know he's relatively skint but for me so far he's using the finances he and we have in a sensible way. We are coming down without a disastrous wage bill and the club now owns Bramall Lane.

I can see why people don't think he's the man to take us forward as it seems clear he doesn't have the money for us to compete. What I can't understand is people criticising him for using the clubs money to buy things that help the club and trying to make our that becoming sole owner just as we reached The Premier League was some sort of evil masterplan. (Not saying you are by the way)

You could argue the ground issue and even the damage done by the court case itself is solely down to McCabe and PA is doing his best to bring some stability to the club but time will tell on that.
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Given the financial regulations in the Championship, is it fair to say Princey’s (in)ability to bankroll us is less of an issue now than in attempting to establish us in the prem?
 
1987 said:
I think its right the assets be owned by the club and to be honest, fair fucks to the prince. Hes had a dream tbh.

But, the way it happened meant he got the club for a relative song, and then got to massively increase the value of his asset too using money from said club. So he now owns a very valuable package, the value of which will go entirely to him if he sold , but did it using money he basically had nowt to do with. So its not just for the club, its increased his asset exponentially.

I think there is a feeling he couldnt have actually financed it another way/ personally and traditionally takeover would have made the incoming party buy the club as a whole including assets when coming in.

They should never have been seperate in the first place i agree. And to be honest/ fair, he made sure that a very large chunk of the clubs money was made available to the first team.
Click to expand...

Roygbiv said:
He did get lucky that he won sole ownership just as we reached the Premier League but you can't knock him for that. He's used the money earnt by the club to make the club stronger. We know he's relatively skint but for me so far he's using the finances he and we have in a sensible way. We are coming down without a disastrous wage bill and the club now owns Bramall Lane.

I can see why people don't think he's the man to take us forward as it seems clear he doesn't have the money for us to compete. What I can't understand is people criticising him for using the clubs money to buy things that help the club and trying to make our that becoming sole owner just as we reached The Premier League was some sort of evil masterplan. (Not saying you are by the way)

You could argue the ground issue and even the damage done by the court case itself is solely down to McCabe and PA is doing his best to bring some stability to the club but time will tell on that.
Click to expand...
Two great comments, sums up exactly how I feel about it.

I don't have anything against Abdullah and I don't think he's to blame for Wilder leaving. He has been very lucky. A big part of me wishes he would look at his winnings so far and decide to sell up. He'd make a lot of money and we might find someone who actually is rich enough to bankroll a Premier League team. The flipside is that we'd be just as likely to get someone even worse. In any case, he's decided to play this little fantasy league game with United World so I think he's here to stay for now. I don't think it'll succeed but we shall see.
 
JohnDenver said:
Given the financial regulations in the Championship, is it fair to say Princey’s (in)ability to bankroll us is less of an issue now than in attempting to establish us in the prem?
Click to expand...


It will be really interesting to see what happens. I think The Prince will still be one of the least wealthy owners in The Championship. I think they're scrapping FFP next season in The Championship
 
Roygbiv said:
He did get lucky that he won sole ownership just as we reached the Premier League but you can't knock him for that. He's used the money earnt by the club to make the club stronger. We know he's relatively skint but for me so far he's using the finances he and we have in a sensible way. We are coming down without a disastrous wage bill and the club now owns Bramall Lane.

I can see why people don't think he's the man to take us forward as it seems clear he doesn't have the money for us to compete. What I can't understand is people criticising him for using the clubs money to buy things that help the club and trying to make our that becoming sole owner just as we reached The Premier League was some sort of evil masterplan. (Not saying you are by the way)

You could argue the ground issue and even the damage done by the court case itself is solely down to McCabe and PA is doing his best to bring some stability to the club but time will tell on that.
Click to expand...
But Roy it's Wilder's MONEH 🤪
 
Bladezz said:
Why was the training ground delayed then?
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because in the current climate you would have to be a mug to start building new facilities, theres also the proposed taking on of Woodbourn stadium for part of the academy if i was them would look for land in that area ( possibly near parkway) and look to do a deal with SCC for a partial land swap and have shirecliffe as a site for affordable new housing
 
Roygbiv said:
He did get lucky that he won sole ownership just as we reached the Premier League but you can't knock him for that. He's used the money earnt by the club to make the club stronger. We know he's relatively skint but for me so far he's using the finances he and we have in a sensible way. We are coming down without a disastrous wage bill and the club now owns Bramall Lane.

I can see why people don't think he's the man to take us forward as it seems clear he doesn't have the money for us to compete. What I can't understand is people criticising him for using the clubs money to buy things that help the club and trying to make our that becoming sole owner just as we reached The Premier League was some sort of evil masterplan. (Not saying you are by the way)

You could argue the ground issue and even the damage done by the court case itself is solely down to McCabe and PA is doing his best to bring some stability to the club but time will tell on that.
Click to expand...

Yeah for sure dont disagree with that, and ive really nothing against him personally.

My issue is as youve pointed out. He cant afford it (because he couldnt afford to buy the club in the first place, we effectively bought most of it for him). And thats got the potential to hurt in a big way.

That being said, i dont see him running us into the ground, i just hope against hope we come back up in the near future, even if its just to say hello and thanks for the money.
 
Roygbiv and dc_blade you both mention the Prince being "Lucky" due to the timing of him becoming sole owner. That's a bit harsh. He has owned a 50 per cent stake in the club for seven and a half years, and he acquired it when we were in the relegation zone in League One. He is not someone who has had the club drop into his lap since we were promoted to the PL. Another way to look at it is that it was a canny investment.

I sometimes think that gets forgotten a bit. The Prince has put money in to get us here in the first place. Kevin McCabe also did this, and of course other people (most notably Wilder and the players) had a bigger hand in us getting promoted twice, but after 6 seasons as co-owner and one and a half as sole owner the Prince's contribution was not negligible.
 
Roygbiv said:
I'm genuinely confused to why people think this is out of order. The last owner seperated the club and it's assets. The current owner has used the clubs money to buy those assets back........for the club.

People talk like he's used the clubs money to buy the ground and then turned into a house for himself.
Click to expand...

Whilst the above is true it's worth mentioning that he initially didn't want to buy the real estate. McCabe won that particular argument in court. The Prince changed his mind when we were guaranteed promotion. He did, however, claim publicly that he'd underwrite the cost if we were relegated at the fans forum; just after he became sole owner.
 
JohnDenver said:
Given the financial regulations in the Championship, is it fair to say Princey’s (in)ability to bankroll us is less of an issue now than in attempting to establish us in the prem?
Click to expand...

I think there is two years grace due to the significant parachute payments and the asset base we have in the playing squad. The significant wage cuts and player sales will help the club cope. I'm really worried if we don't get promoted as the Prince claimed he wasn't rich enough to self finance a Champ club.To finance an upwardly mobile Champ club the bar is 13 million owner investment per year. That will not even make you competitive with parachute clubs. At the end of our parachute I don't see PA putting that in, do you? I think it can be argued that running the club is easier inside the Prem as the owner can effectively put in zilch and have a chance to stay up? To be competitive is a different thing entirely. I think Brighton are a good benchmark. Wage bill of around 100 million. Transfer expenditure about half again.Owner has to put in 40 -50 million per season. Yikes.On that basis you're right imo.

There's a lot of mystique for me with the Prince: on the one hand you have the "United World" project; on the other the cancellation of a much needed minor capital investment at Shirecliffe (agreed in July for a January completion). I don't buy the Covid excuse; it was scheduled at the height of Covid and chosen specifically to get around Covid restrictions. Club literature on this issue has also continued until fairly recently.League position seems more likely imo. The mystery with the Prince is why he didn't want to sell United at our peak valuation given his past comments about it being an "investment" to "make money" that he couldn't afford to self finance? Does United World indicate new backers and bigger ambitions? Is he in the casino putting it all on red (promotion in the first two years)? Who knows?...
 



It might be unambitious but I don't want us to become a club that has to rely on a wealthy owner to compete because sooner or later it ends up going south somewhere along the track (Bolton, pompey, Sunderland) when the money/interest runs out.

We should be self sufficient as a club and if that means yo-yoing between the championship and Premier league but with a stable base that never puts us in danger of becoming a basket case I'm OK with that. We've never had serious investment on the pitch for as long as I've been watching us and it's never dampened my passion for united. We are, and probably will mostly likely always be, the have nots and it makes those fleeting successes that bit more enjoyable.
 
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