Yes, we've heard all that before, though it's always worrying when anyone uses the phrase 'divine right' when nobody's ever suggested any such thing.
What we've never had an answer to is why we're £50m in debt despite having a £20m bonus that any other club would have feinted over.
As you point out, it was accounted for last year to give a slightly different impression to the outcome of 08/09.
Nobody as far as I can tell is suggesting we go out and spend big money on players.
But that's different from remaining thoroughly pissed off with the shocking financial management of the club that has got us to this position in the first place.
That and the empty promises of getting our squad together before the pre-season tour, Billy Sharp coming back, no reliance on loanings etc, etc.
Len - taking your points in turn
I use the phrase "divine right" as reading threads on here and Blades-Mad I hear people criticising McCabe for looking to recover some of his significant investment and questioning why he should do it. It was a general comment, not directed at anyone in particular, but reflective of some people's train of thought. McCabe is wealthy, but a lot of that wealth is on paper and not realised. I cannot imagine investing a similar proportion of my (limited) wealth in the Blades with no return.
In terms of why we are so far in debt, look at the accounts each year, ask your questions at the AGM!
There doesn't seem to be anything to hide. There was a bit of PR spin in the presentation of the results in the media, highlighting the profit, but you only needed to skim the surface to see how this had been uplifted.
There has been some "mismanagement" as you call it, but only by showing some of the (OK misguided) ambition some people expect the club to show each year, regardless of the financial situation. The title of this thread relates to pre-season profit and seemingly not spending the money we have had in and I haven't criticised the notion of spending big on players, more the notion that money in should = money to spend.
We are where we are financially and having met Trevor Birch and seen his previous capability I have faith he will sort it out, it just wont be an immediate fix.
How many manages have completed their squad as yet? How many managers are on the radio, in the papers saying they still need 3/4 players? Many. The statement about signing loan players related to short term loans , which should be cover for injuries, not a succession of signings to cover a long term need. If the next two signings are season long loans what is the problem? If they have the quality and the deal is financially good, so what? As for Billy coming back, I know how positive and optimistic you are Len - you didn't fall for that line....did you?
, i have a sneaking suspicion that the pompey situation could be the tip of an enormous iceberg.. if one domino topples.. a precedent will be set and a whole bunch could follow.. i often wonder if Kev Mac has a cunning masterplan to stay solvent(ish) and sit in mid table.. the way things are going they'll have to 'invite' us to the premiership because they will have run out of teams
