23/04/10 - Reaction to Birch & McCabe Q&A

[Flatulent_Bob]

He'll try and wriggle his way out of it by trying to twist what he said, everyone will get bored and he will be back in a week or so saying he is never wrong etc etc.

Its like the tides and rising of the sun.

 

[DuncDisorderly]

...Len has been wrong about loads of stuff.

That has been the biggest surprise of all...:Rolleyes:

 

[Linz]

Webbo sends his love by the way....

 

[alcoblade]

Have you read the report on how much Ched cost Len, you'll like that bit £750K upfront as I stated at the start with the rest on appearances which you said was rubbish.
He's covered the interest figures, if you were that bothered you'd already know the answer of why they are there.
As I posted in your quotes he was advised to do it but the interest was always going back into the club. As per advice from the FSA.

But to suggest he's cost £750K, as Radio Sheffield did, is more misleading. It's highly likely he'll cost £3M. It's an absolute cert he's now cost more than £750K. It's an absolute cert he's "earning" loads of money. It's highly probable that he's rubbish - his fiirst season has been a total disaster - but that's another story.

I don't understand the interest bit at all. It's being charged on the accounts but he's not taking it? Not taking it yet, or ever?

Overall, quite pleased - it seems they've recognised that too much emphasis has been off the field, and it seems action has been taken to stop some of these ventures (eg China) bleeding us ever more dry.

UTB

 

[lenners]

Have you read the report on how much Ched cost Len, you'll like that bit £750K upfront as I stated at the start with the rest on appearances which you said was rubbish.
He's covered the interest figures, if you were that bothered you'd already know the answer of why they are there.
As I posted in your quotes he was advised to do it but the interest was always going back into the club. As per advice from the FSA.

Look in the accounts Bob.
It's up to you - and the usual suspects - to choose to believe that anything you heard last night was worth a dime.
The pathetic explanation of the Kyle Walker situation is enough for anyone with half a brain to see they're absolutely clueless when it comes to running a football club.

 

[shreds1975]

Len - I have more confidence in the man MCCabe has put in charge of running day to day affairs (Birch) than the previous incumbent (Fat Turry). The failure to put adequate clauses in the Walker deal has his pudgy fat fingers all over it.

 

[rachyblade]

Big thanks to Linz and Foxy for the transcripts and keeping us all updated

 

[Come from away]

Was pleased to hear Foxy and Linz thanked at the start of the second forum, a real compliment for all the work they have done and making sure we (on our forum) are really in touch with what is happening. Thanks to both of you. UTB!

 

[SoccerCynic]

It worries me that so many seem to accept the bullshit about Academy players when recent history shows that we will sell them as soon as the opportunity arises. If we do not have money to spend then surely it makes sense to hang on to players who are on relatively low wages.

 

[Bergen Blade]

Probably too late for the Q+A but I'd like to hear some answers about our scouting network. I am going to look to the second placed team in the Championship and their current central midfield: Robert Koren and Graeme Dorrans. Signed for less than £500k for the pair - one from Slovenia and one from Scotland. Best midfield in the division bar none.

How come we cannot unearth these bargains from abroad? How good are our scouting network? Do we need to invest in it or is it underachieving?

Koren joined WBA on a Bosman free transfer. He was available to us, we watched games in which he featured, but decided not to go for him. I'm quite sure whatever scouting network we have will have recommended some foreign players to Blackwell, but doesn't the signings he's made suggest he prefer domestic players that he knows what he's going to get from?

 

[Flatulent_Bob]

Look in the accounts Bob.
It's up to you - and the usual suspects - to choose to believe that anything you heard last night was worth a dime.
The pathetic explanation of the Kyle Walker situation is enough for anyone with half a brain to see they're absolutely clueless when it comes to running a football club.

So are you sticking to your stance that Ched has already cost £3 million, the same as we got for Walker, despite them saying quite clearly that he hasn't?

Bartley also had a good game today despite your opinion of him, another indication that with young players you don't have a clue.

 

[lenners]

So are you sticking to your stance that Ched has already cost £3 million, the same as we got for Walker, despite them saying quite clearly that he hasn't?

Bartley also had a good game today despite your opinion of him, another indication that with young players you don't have a clue.

I'm sticking to the accounts Bob.
Feel free to tell me what's inaccurate about them - and perhaps you should also contact the FSA, which I think you mentioned earlier, if you're continuing to maintain they don't represent a true and accurate account of SUFC's transactions.
Bartley was very, very poor.
As for Ched, I love the comedy effect he provides but would prefer we hadn't paid £3m for a bag of chuckles.

 

[Micalijo]

So are you sticking to your stance that Ched has already cost £3 million, the same as we got for Walker, despite them saying quite clearly that he hasn't?

Bartley also had a good game today despite your opinion of him, another indication that with young players you don't have a clue.

Two very simple questions for you to answer Bob.

Have you read the page of the accounts where it clearly says interest is accruing on McCabe's loans. SUFC owe him more money because the interest is added on to the loan. That is my opinion. What is this 'interest going back to the club' stuff youi mention. Please explain exactly what you mean.

Have youi read the transcript about the Evans deal? It is not purely based on appearances. I am sure that si what Birch said - although there was so much waffle it was hard to understand.

 

[Flatulent_Bob]

Bartley was very, very poor.
As for Ched, I love the comedy effect he provides but would prefer we hadn't paid £3m for a bag of chuckles.

Brilliant, if I hear Iraq are after a new Information Minister I'll let you know.

Have you read the page of the accounts where it clearly says interest is accruing on McCabe's loans. SUFC owe him more money because the interest is added on to the loan.

Yes I have. I've seen it and McCabe also said it was in the accounts. They also said it is shown but not paid.

SUFC owe him more money because the interest is added on to the loan. That is my opinion. What is this 'interest going back to the club' stuff youi mention. Please explain exactly what you mean.

KB: Because Seth, as a courted PLC, at the time, now were delisted, we did have a brokerage called KBC Peel Hunt, and they are actually the ones, to coincide with FSA regulations advised myself on what is a normal loan rate on loan notes and that’s how it comes about, but I repeat to you Seth, please don’t disbelieve me. I haven’t charged one penneth of interest, not a penny! Seth you happy?

Birch: Seth, what Kevin is actually saying there as well is, that if we get an investor, Kevin is very happy for that money to go directly into the club...

Have youi read the transcript about the Evans deal? It is not purely based on appearances. I am sure that si what Birch said - although there was so much waffle it was hard to understand.

I have indeed, more thoroughly than you it would seem
KM: It's on a set amount of money that's on appearances only.

Do I really need to keep copying and pasting between threads. The answers are there, if either of you could be bother to listen, as it wasn't important enough to you to make the effort and turn up.

 

[puppet]

So are you sticking to your stance that Ched has already cost £3 million, the same as we got for Walker, despite them saying quite clearly that he hasn't?

Bartley also had a good game today despite your opinion of him, another indication that with young players you don't have a clue.

would you say they clearly stated it, or did it take two or three pokes with seth's cattle prod to get them to drop it down from £3m, most expensive signing in the CCC to the admission otherwise??

 

[Nick Jansky]

I think they clearly spent that sum of money on Ched, however much it was, because they are desperately trying to fuck the club up. McCabe obviously hates us and everything he does is designed to take us backwards. Unlike those nice mesters Brealey, Hinchliffe, Hassall, McDonald, Woolhouse etc. As I've said before on here, be very careful what you wish for.

 

[puppet]

I think they clearly spent that sum of money on Ched, however much it was, because they are desperately trying to fuck the club up. McCabe obviously hates us and everything he does is designed to take us backwards. Unlike those nice mesters Brealey, Hinchliffe, Hassall, McDonald, Woolhouse etc. As I've said before on here, be very careful what you wish for.

thats not really what i said is it? i said they didnt answer the question with a straight answer. evans fits the perfect criteria of SUFC purchases, young, with the potential to make the club porfit in the long term. brearley worked wonders for this club in his early tenure. we'd have had a better ground 30 years ago and alex ferguson in charge if he'd had his way. screwed up a little second time around but only because he had to re-inherit the club he'd tried so desperately to sell because he knew he'd got the indian scandal looming and couldnt take us any further. mccabe was sniffing around in the background then and he eventually pushed himself to the helm. hes managed to find us foreign links we have made zero use fo other than to loan THEM players (and in the guise of ownership that is clearly his OWN ownership in hungary). all three club s had one common denominator - they all needed new stadia.
sorry but the man is not a blade.

 

[Flatulent_Bob]

would you say they clearly stated it, or did it take two or three pokes with seth's cattle prod to get them to drop it down from £3m, most expensive signing in the CCC to the admission otherwise??

So which way are you having it Puppet? Did he cost £3 Million and was the most expensive signing or did he cost £750K with the rest on appearances?

 

[puppet]

the latter but it took three goes before we got an honest answer.

 

[Nick Jansky]

sorry but the man is not a blade.

Sorry, but you could not be more wrong with that statement. He is a Blade.

 

[Flatulent_Bob]

the latter but it took three goes before we got an honest answer.

He was obviously looking for an answer for all men.
I also think he has the best interests at heart, but that is always going to be a bone of contention amongst fans. I've heard some fans moaning that he should put the same percentage of his wealth as we do etc etc. I don't think things are that bad, I think the figures while genuine are arranged in the best way for the club.
It's no surprise that all this about the accounts came up after Chairman Lee mentioned the FUDDERS and basically told fans to start the bullshit.
The fact is on quite a few area i.e the interest etc McCabe will be shown up lying very easily and very quickly come the next figures. He was 100% definite on not taking interest no wriggle room or areas for spin. That would be a silly place to go if you were bullshitting.

 

[oaklandrdblade]

I'm sticking to the accounts Bob.
Feel free to tell me what's inaccurate about them - and perhaps you should also contact the FSA, which I think you mentioned earlier, if you're continuing to maintain they don't represent a true and accurate account of SUFC's transactions.
Bartley was very, very poor.
As for Ched, I love the comedy effect he provides but would prefer we hadn't paid £3m for a bag of chuckles.

Is that a comment about today's performance? If it is I really don't know what you were watching

 

[lenners]

Bartley is bobbins - why do you think he's been nowhere near the team most of the time he's been here.
And Bob, look in the accounts son.

 

[DuncDisorderly]

Have you read the page of the accounts where it clearly says interest is accruing on McCabe's loans. SUFC owe him more money because the interest is added on to the loan. That is my opinion. What is this 'interest going back to the club' stuff youi mention. Please explain exactly what you mean.

If I might just jump in here, with my limited knowledge...

What I believe KMcC inferred was that the accruing interest on the loan is left in the directors loan account, and he doesn't draw it down. In doing so the 'debt' is a matter for the balance sheet and doesn't affect the day to day cashflow of the business (He's not getting a chunk of cash at the end of every month) It is a 'paper debt'.

He also said that that in the initial point he was happy to have made the loans 'interest free' but he was advised that he should not do that, that at some point the loan account, or the interest could be capitalised which means that the loan accounts are converted into shares which then dilutes everyones shareholding, but seeing as he already is the overwhelming majority owner, who cares so long as it is legal (it is) and the board and the auditors are happy with the arrangement..?

 

[DuncDisorderly]

And Bob, look in the accounts son.

Does this mean that you have stirred yourself into applying your mighty intellect to actually reading the accounts now? Did we get a question from you at the Q&A? Can we expect a question from you at the AGM? Or are you just going to go along selecting your facts and making arguments that set little fires to try and wind up other posters, only to disappear to the next 'fact' when you get found out..?

You truly are a strange kind of fish, Lenny old lad...

 

[shorehamview]

..........................selecting your facts and making arguments that set little fires to try and wind up other posters, only to disappear to the next 'fact' when you get found out..?

You truly are a strange kind of fish, Lenny old lad...

That's pretty much hit the nail bang on the head there. A lenners "fact" is backed up by the greatest of evidence - it's a fact because lenners says so. When his evidence is proved wrong he seems to be better at vanishing than the invisible man, or a pie at Lee Strafford's house.

I think you'll find that "clapping fish" is an adequate description.

 

[beightonblade]

owd granny gert used to say : The proof is in the pudding.

 

[Flatulent_Bob]

We also know that he will stick to his opinion now even if Bartley wins world player of the year he will still be bobbins, he can't afford another Jamie Ward turn around.

A strange fellow indeed, I just don't see why he is so terrified of being wrong. I got Cresswell wrong, didn't want us to sign him on a permanent deal, (although anyone who boo'd him on début is an idiot) now its just a shame we didn't have him all year.

 

[Micalijo]

Brilliant, if I hear Iraq are after a new Information Minister I'll let you know.


Yes I have. I've seen it and McCabe also said it was in the accounts. They also said it is shown but not paid.


KB: Because Seth, as a courted PLC, at the time, now were delisted, we did have a brokerage called KBC Peel Hunt, and they are actually the ones, to coincide with FSA regulations advised myself on what is a normal loan rate on loan notes and that’s how it comes about, but I repeat to you Seth, please don’t disbelieve me. I haven’t charged one penneth of interest, not a penny! Seth you happy?

Birch: Seth, what Kevin is actually saying there as well is, that if we get an investor, Kevin is very happy for that money to go directly into the club...


I have indeed, more thoroughly than you it would seem
KM: It's on a set amount of money that's on appearances only.

Do I really need to keep copying and pasting between threads. The answers are there, if either of you could be bother to listen, as it wasn't important enough to you to make the effort and turn up.

This what Tricky said:

TB: Well it's spread over the course of the contract but we are committed to you know, over two million.

SB: Already? That's already been paid?

TB: Well it's not already been paid but it will be paid over the course of the contract. But it's a two million pound commitment.

That is saying we are committed to spending £2m even if he never plays again.

You are saying that if he nebver plays again for us we only pay £750k.

There is a huge difference between what you and I are saying and I think you are wrong, very, very wrong.

I am also astonished that you seem to think that just because we have not physically paid cash interest to McCabne that it is irrelavent for SUFC. We owe him more money and as we know he wants his wedge back. It is a very, very simple concept, confirmed by the accounts and confirmed by Bob th Builder taking the Tevez wedge straight out.

 

[Kev Gee]

That's pretty much hit the nail bang on the head there. A lenners "fact" is backed up by the greatest of evidence - it's a fact because lenners says so. When his evidence is proved wrong he seems to be better at vanishing than the invisible man, or a pie at Lee Strafford's house.

I think you'll find that "clapping fish" is an adequate description.

That made me LOLzer this fine hungover sunday evening!!!