Asset stripping

[Willglynning]

What losses? Surely they aren’t losing money asset stripping?

To be fair to McCabe, he’d already put the money in.

Can’t reason with nonsense.

 

[ITALIANO BLADE]

tell us nowt say nowt do nowt buy nowt sell everything expect wins with minimum players dont care for sufc fans i dont like them owners they need to get quality in not just al data players who cant get in the blades team there a joke stuff em all,fans will turn there back on them is we cant win its there fault clueless

 

[Houston_Blade]

Unless I’m the thick one I think the OP Davalon is posting the definition of asset stripping to show those who aren’t that bright and are accusing the club of asset stripping that they’re talking bollocks.

Maybe I’ve been reversed whooshed though and I should be piling in on him like some others have?!

 

[Davalon]

1. We weren’t an ‘unsuccessful’ company, we’d got parachute payments and in a prime position bounce back.

2. We weren’t cheap. We cost £100m

3. Assets aren’t being sold cheaply, we’re getting way over fair market value. Most people have been shocked at how we’ve been able to make profit on some players and sell some crap ones.

4. If they were genuinely asset stripping they’ve have sold off the HSBC land, Shirecliffe, the ground etc… to their own companies and got SUFC to rent it from them. Like McCabe did.

The owners aren’t covering themselves in glory at the moment but you can FRO with this uneducated, idiotic wibble.

You've misunderstood if you think I'm saying they're asset stripping.

I posted descriptions for those who are daft enough to keep claiming it.

 

[Houston_Blade]

You've misunderstood if you think I'm saying they're asset stripping.

I posted descriptions for those who are daft enough to keep claiming it.

Thank goodness for that, I thought I was being a bit thick for a minute!

 

[loyalblade95]

More likely they've no real money, gambled on us going up and now, er.
I hope I'm wrong but the fact that we've entirely and predictively lost some good 1st team players - with no adequate replacements whatsoever in sight - makes me fear the worst.

Well if they had no real money, they wouldn't be our owners.

One of the more stringent EFL owners tests (which are said to be a lot more strict these last few years) is to provide actual proof of funds.

You fail that test (or any of the other tests), EFL will reject your takeover bid.

 

[Servigliano]

Well if they had no real money, they wouldn't be our owners.

One of the more stringent EFL owners tests (which are said to be a lot more strict these last few years) is to provide actual proof of funds.

You fail that test (or any of the other tests), EFL will reject your takeover bid.

That's very true but there's a world of financial difference between being well able to keep a club afloat and having real money to spend on players when they're desperately needed - like literally now.
Maybe they are playing poker but like I've said before given our desperate need for at least CB's that price has gone up several notches. Maybe we are in the middle of negotiations for three or four players who will be an improvement on the players we've sold and let go.
Time will tell.

 

[Bladesthorpe]

Whoosh !!!

 

[moody1889]

I'm sorry, but the idea that the new owners have come in with the intention of asset stripping the club, is complete hogwash!

Well please enlighten us all as to what you think they are doing? because if this has been McCabe or the Prince they would have been crucified by now.

COH Sport are clearly another set of chancers who don't even bother to communicate with the fans.

They either need to invest or sell up and get out of our club because we deserve better than people who don't give a shit.

 

[CrookesBlade]

Well please enlighten us all as to what you think they are doing? because if this has been McCabe or the Prince they would have been crucified by now.

COH Sport are clearly another set of chancers who don't even bother to communicate with the fans.

They either need to invest or sell up and get out of our club because we deserve better than people who don't give a shit.

If there was somebody better placed to run the club waiting in the wings why didn’t they bother trying to buy the club when it was up for sale?

As it stands COH are the richest set of people in the world who want to own Sheffield United.

 

[Davalon]

Thank goodness for that, I thought I was being a bit thick for a minute!

TBF I could have perhaps been clearer with the OP.

It did cross my mind after the first reply that it could be misconstrued.

I've just found it ridiculous how many people on here and other platforms have used the phrase.

I even heard it in the Beer Engine on Saturday night.