Are we the worst run club?

[Sirius]

We need stability for the next 2-5 years. ------- Of course you are right Swiss Blade BUT, Same old story for donkeys years. Always it is Jam tomorrowand you know what they say about tomorrow..
UTB

 

[2ndtenorblade]

http://www.youtube.com/watch?v=Yop62wQH498

 

[sheffielder]

Proof game. Evidence game. Not inuendo and easy mudslinging game. This unsupported witchhunt of yours has become tiresome. And for the record I do deal in property. And trusts. and I'm a company director and lawyer. And you still haven't refuted the Legal Facts I presented you with a year ago. Prove what you claim to know if you genuinely know anything.

Derrywan, could I buy you a pint or ten! It's been doing our heads in for ages now.

 

[beightonblade]

And for the record I do deal in property. And trusts. and I'm a company director and lawyer.

I don't just deal in them I invest/own them........trusts i've a few of them anall..........company director yep and company secretary............. mind yer i'm not a lawyer.

are yer a member of the sunshine band ?

 

[lenners]

And what did united do then lenners?

Received £30m from being in the Prem, £15m was it - or more - in parachute payments, £20m from Tevez, highest gates for years, £8m for the Kyles (plus many millions more accrued from other player sales) but found itself £50m in debt.
That isn't being clever, setting up an asset base bla, bla, bla - it's rank bad management.
Despite that huge income we've struggled to put a full team on the field for two seasons now.
It is worth remembering Sheffield United is a football club.

 

[derrywan]

I don't just deal in them I invest/own them........trusts i've a few of them anall..........company director yep and company secretary............. mind yer i'm not a lawyer.

are yer a member of the sunshine band ?

No answers then, no substantive grounds for your sly digs at the chairman, only distraction? You've had long enough to back up your innuendo. The Emperor's new clothes fit you well.

EDIT: Just to clear things up re. freehold for anyone who wishes to challenge BB in the future: any change affecting the ownership of land has to be registered within 2 months of it happening, or else it is not legally valid (Land Registration Act 2002 ss. 4 & 6). The Land Registry says SUFC Ltd own the ground. Therefore if BB says that someone else owns the land without the Land Registry record changing from SUFC Ltd to someone else, he's talking rubbish.

When you raise this point, BB usually says that in his world there are ways round this and we're all naive and not as clever or wiley as himself, etc, but in the world the rest of us live in, you have to declare ownership of land publicly or else you don't own it.

 

[Trigger Blade]

Received £30m from being in the Prem, £15m was it - or more - in parachute payments, £20m from Tevez, highest gates for years, £8m for the Kyles (plus many millions more accrued from other player sales) but found itself £50m in debt.
That isn't being clever, setting up an asset base bla, bla, bla - it's rank bad management.
Despite that huge income we've struggled to put a full team on the field for two seasons now.
It is worth remembering Sheffield United is a football club.

I haven't kept the last accounts and I can't download them from the club website, plus I may have asked this before....

My memory is that the Tevez money was mentioned in the last accounts, but as it involves staged payments, it's only included as income as the money comes in, so we've seen hardly any of it so far.

Is that right, in which case it's unreasonable to keep on about the £20 millionTevez money, which you suggest is in addition to the £50 million debt, when it isn't?

 

[Micalijo]

I haven't kept the last accounts and I can't download them from the club website, plus I may have asked this before....

My memory is that the Tevez money was mentioned in the last accounts, but as it involves staged payments, it's only included as income as the money comes in, so we've seen hardly any of it so far.

Is that right, in which case it's unreasonable to keep on about the £20 millionTevez money, which you suggest is in addition to the £50 million debt, when it isn't?

The full £18m has been included as income in the 2009 accounts. It prevented a loss of ridiculous proportions.

The cash is coming in over a few years and by all accounts is being used to clear some of McCabe's debt.

Hopefully the 2010 accounts will show that debt has been reduced by virtue of the Tevez cash being used to clear some of McCabe's debt

 

[Studge]

The full £18m has been included as income in the 2009 accounts. It prevented a loss of ridiculous proportions.

The cash is coming in over a few years and by all accounts is being used to clear some of McCabe's debt.

Hopefully the 2010 accounts will show that debt has been reduced by virtue of the Tevez cash being used to clear some of McCabe's debt

To be fair Mccabes last loan of around about £6.5M was loaned as an advance against and secured on the first tranche of the WHFUC (Tevez ) settlement as disclosed in the accounts.

 

[Sothall_Blade]

I haven't kept the last accounts and I can't download them from the club website, plus I may have asked this before....

My memory is that the Tevez money was mentioned in the last accounts, but as it involves staged payments, it's only included as income as the money comes in, so we've seen hardly any of it so far.

Is that right, in which case it's unreasonable to keep on about the £20 millionTevez money, which you suggest is in addition to the £50 million debt, when it isn't?

We were repeatedly told that promotion to The Premiership was going to be worth around £50M to the Club, including parachute payments. In my opinion, a “well run” Club would have invested such a large windfall as follows:-

a) Pay off any existing debts to secure the future of the club and avoid paying interest on loans.

b) Make any improvements to the ground that are necessary to maximise revenue (e.g. Catering, Club Shop, JSS/South Stand corner)

c) Reward and retain key players and the manager who secured promotion with improved contracts and future incentives/bonuses for “staying up”.

d) Improve the squad with a handful of proven Premiership players, paying Premiership wages if necessary

e) Crucially any and all new contracts should revert back to Championship level wages upon relegation

f) If relegated, retain most of the squad and manager in an effort to “bounce straight back” and start from plan (a) again.

Instead, at some point United seem to have inexplicably wandered down a different path:-

a) Refuse to offer the successful manager an improved contract. Make him try and avoid relegation by gambling on only Championship-level players and with a Championship wages budget.

b) If relegated to the Championship, get rid of the manager and most of the best players. Invest heavily in a famous Manager and allow him to spend big money on Premiership transfer fees and wages.

c) If that goes wrong, pay up the contract of the big name manager and his big name players. Bring in the successful manager’s former assistant and revert to plan (a)

d) Invest money in a number of foreign clubs. Recruit and pay the wages of an odd token player from those clubs to maintain the illusion that we’re all one big happy “Blades” family

e) Buy a Gym in Essex and loads of other property. Do this at the peak of the “property” market while you’re busy selling off most of your own personal property portfolio for a tidy profit.

f) Borrow £25M to build an hotel. Sell off the club’s best players to help manage the debt incurred

I can’t recall at which point United decided to become a property company first and foremost but I’m sure I wasn’t consulted. If I'd wanted to support a property empire I would probably have gone for an established big name like Land Securities PLC rather than a fledgeling young upstart like Sheffield United.

Sell property not players. Football first!