Club up for sale?

[JJBlade]

Crypto.com paid 700 million for naming rights to LA Lakers stadium.

Psg are paying part of Messi's salary in crypto

Arsenal, man city, Barcelona, Juventus, ac Milan, psg have all released their own cryptocurrency token.

If the prince was smart he would know what to do

A crypto currency to be succesful has to have a vision to solve real world problems

The football club cryptos have no solutions to anything and they are going to fail.

Besides, crowdfunding through crypto isn't something that the average Sheffield United fan would get involved in.

The only risk the average Sheffielder takes with his money is whether to have a pint of new fangled real ale instead of the tried and tested Tetleys

 

[Rodley]

Is someone likely to invest in a club without sole control when your proposed partner doesn’t appear to have sufficient funds to keep the club going? I can’t imagine there’s a long list of people on the look out for that opportunity.

 

[Carlton Blade]

Is someone likely to invest in a club without sole control when your proposed partner doesn’t appear to have sufficient funds to keep the club going? I can’t imagine there’s a long list of people on the look out for that opportunity.

At least he's from a country with a clean human rights rec....

Oh

 

[Rodley]

At least he's from a country with a clean human rights rec....

Oh

“So, what happened with the last co-Owner then?”

How do you answer that one?

 

[Carlton Blade]

“So, what happened with the last co-Owner then?”

How do you answer that one?

"Could have been worse. You should see how my uncle deals with Journalists"

 

[Varkanoid]

Prince should see if Hugh Jackman is interested in investing, him and Ryan Reynolds are always trying to get one up on each other.

 

[HD8 Blades]

"SHEFFIELD UNITED UP FOR SALE"


Newspaper for sale













"we understand Sheffield United are not up for sale "

 

[stringjunior]

Everything is for sale. Everything. This is no news

 

[west_yorks_blade]

Maybe he should stop arseing around buying obscure, third rate clubs for this United World pipe dream.

 

[Mendi]

Time will tell if the club is up for sale.

 

[Prem owner needed]

This is all very obvious if you studied PA's words since he came in. He always said he didn't have the wealth to self finance a Championship club. That, in the main, is why he was never the owner for us. All it needed to expose that fact was a certain ex manager to stop pulling rabbits out of his hat.Running a Championship club is an extremely expensive hobby. If you aren't prepare to put in 10-13 million of your own capital per season the fans of most of the clubs will want you out. We're no different. Wilder was PA/McCabe's human shield for two years the last time we were in the Championship with our vast overachievement per £. Going on his own words he doesn't have pockets deep enough to realistically compete with similar sized Champ clubs.
The reluctance to invest in infrastructure was also telling. It doesn't add hugely to the value of the club and is largely dead money for an owner.If you don't have money to lose you aren't directing it there. The real mystery is why he categorically said he didn't want to move the club on in the Prem when it was at the peak of its valuation and attractiveness? This seems to be the height of naivety - pandemic or not.
If he's been gambling on us retaining and/or regaining our PL status whilst in the first two years of parachute payments, a degree of panic at this stage is not unexpected.
If he's just look for a joint investor, well, we've seen that movie before. It was a horror.

"If he's been gambling on us retaining and/or regaining our PL status whilst in the first two years of parachute payments, a degree of panic at this stage is not unexpected."

TBH this would appear to be the most likely scenario and the pound looks like it's just dropped due to the state of this season thus far. It's been stated on here a few times before, but he will need to sell either this summer or next season, if we are not challenging for promotion due to his lack of available personal finances or risk seeing the club accumulating large debts that he can't sustain and we have seen from the other side of the city just where that can land a football club! This would also be the worst case scenario for the current owner, as he would personally lose a few £m in the process.

To me it is starting to make a bit more sense appointing the current manager and certainly not looking to sack him, especially if you need to sell the club in a relatively short space of time, whilst also still having saleable assets (this is on paper and not on current form BTW) on the playing side?

It will be just our luck for the current owner to put us in admin and McCabe to buy us back out for a £1!!!!!!!!!

 

[Davalon]

I'll cut Hemmingham some slack, he's one of the better ones.

Don't disagree as a comparison but that article says it all for me

 

[Barney]

Don't disagree as a comparison but that article says it all for me

Think it was also Hemmingham who said Jokanovic was not in our 6 man shortlist for the managerial position

 

[Davalon]

Think it was also Hemmingham who said Jokanovic was not in our 6 man shortlist for the managerial position

No idea tbf but it's abundantly clear that for a while now that local journalists are both out of the loop in general, but also bitter about it.

 

[Red Hot Currie]

Can't help but think that football was much simpler and better back in the day (yes I'm an old fart). But there was a time when the focus was on the team and the manager... and the fuckers in the Boardroom were invisible to the fans. We weren't even interested in them. Well, I wasn't anyway.... and no fan I knew was. Now though, and especially with the advent of the Premier League, it seems that everyone is obsessed with owners and how much money they do or don't have.... it's bizarre. The Geordies are jizzing their pants because their owner might be richer than Man City's and Man Utd's etc.... but their team is still shit. Yet their new 'saviour' might (just might) be interested in making a few quid... rather than have the long term interests of the club at heart. Just a thought.... although I acknowledge it might be an unfashionable one in this day and age....!

I always fear for clubs where the owners appear in the press more than the manager/team..... it's almost never a good sign.

 

[SouthStandGBlock]

He's been a good chairman imo. We have paid transfer fees at levels I never dreamed of. The promotion season was special, the first year in the PL exceptional, last season memorable (for the wrong reasons).

This was always an investment for him. As a foreign owner I can't see that he has any affinity for the club. If he gets out now he should make a few quid. We have a good profile, a respected manager, a decent but aging squad (on paper), and an excellent fanbase. The fanbase has raised the club's profile enormously so well done everyone.

Now is the ideal time to sell. The value peaked, and he's got 2 years before he has to put some real money in, which he hasn't got.

Ideal time to buy too. Back to playing football again after the pandemic, price fallen, a few assets on the books and guaranteed income from parachute payments (mortgaged or not).

It's an ideal time to sell us, and an ideal time to buy us.

Personally, I hope someone else comes in, and quickly. Although, thanks PA you've been a good chairman imo, and GLTTL.

 

[Revolution]

Spoke to a mate who helped secure the money from the Chinese investors who built china town/city center and and they are interested in buying the club apparently

Same type of people who took over Villa apparently

This can't be true. Purchase of football clubs by Chinese businessmen is now off the agenda, by order of the CCP.

Those who have them will likely be getting rid of them soon enough.

 

[Keen Blade]

He's been a good chairman imo. We have paid transfer fees at levels I never dreamed of. The promotion season was special, the first year in the PL exceptional, last season memorable (for the wrong reasons).

This was always an investment for him. As a foreign owner I can't see that he has any affinity for the club. If he gets out now he should make a few quid. We have a good profile, a respected manager, a decent but aging squad (on paper), and an excellent fanbase. The fanbase has raised the club's profile enormously so well done everyone.

Now is the ideal time to sell. The value peaked, and he's got 2 years before he has to put some real money in, which he hasn't got.

Ideal time to buy too. Back to playing football again after the pandemic, price fallen, a few assets on the books and guaranteed income from parachute payments (mortgaged or not).

It's an ideal time to sell us, and an ideal time to buy us.

Personally, I hope someone else comes in, and quickly. Although, thanks PA you've been a good chairman imo, and GLTTL.

No one is going to buy us , McCabe tried to sell for a decade + had no takers , eventually having to settle for a partnership with Le Petit Prince.
Championship clubs lose big money every year - the only reason to own one is if you have ridiculous money + a love for the club or you are a gambler who smells the chance of getting the PL riches.
Our fanbase is large but too poor to pay high enough ticket prices to sustain the club even if the ground was full every week.
Blimey , a ST for £250 and we still can't fill the ground coz hardly anyone in Sheffield is going to pay £40 for a walk-up.
Look at the geographical swing of football to the richer area of London & the south.
Le Petit Prince has stated many times that he's been looking for investment - I'd hoped for his Saudi mates to chip in - but the Barcodes thing has killed that idea.
My fear us that he may eventually be forced to bail out by selling the freehold for development + that will be the end of SUFC.

 

[Prem owner needed]

We are not up for sale. Seeking significant investment that has not come to fruition. Previous interested parties wanted a percentage that was unacceptable to HRH. More vocal now with media outlets to get word out there to attract people basically.

Completely disagree.

The significant investment is pie in the sky and extremely unlikely to happen (as you say, the current owner wants his cake and to eat it, same as the previous owner "I want to sell, but I still want the controlling share in the club!", which is not going to happen). The current owner has probably got another 12 months, or just over before he runs out of time and the club won't be self financing at relatively small levels, so I would say that the club is up for sale and probably quicker than you think.

 

[Prem owner needed]

This can't be true. Purchase of football clubs by Chinese businessmen is now off the agenda, by order of the CCP.

Those who have them will likely be getting rid of them soon enough.

It all depends on whereabouts the/if Chinese businessmen are based.

 

[Revolution]

It all depends on whereabouts the/if Chinese businessmen are based.

Not if their families and/or most of their money are in China, it doesn't.

 

[Prem owner needed]

Not if their families and/or most of their money are in China, it doesn't.

Don't disagree.

 

[Yogi]

"If he's been gambling on us retaining and/or regaining our PL status whilst in the first two years of parachute payments, a degree of panic at this stage is not unexpected."

TBH this would appear to be the most likely scenario and the pound looks like it's just dropped due to the state of this season thus far. It's been stated on here a few times before, but he will need to sell either this summer or next season, if we are not challenging for promotion due to his lack of available personal finances or risk seeing the club accumulating large debts that he can't sustain and we have seen from the other side of the city just where that can land a football club! This would also be the worst case scenario for the current owner, as he would personally lose a few £m in the process.

To me it is starting to make a bit more sense appointing the current manager and certainly not looking to sack him, especially if you need to sell the club in a relatively short space of time, whilst also still having saleable assets (this is on paper and not on current form BTW) on the playing side?

It will be just our luck for the current owner to put us in admin and McCabe to buy us back out for a £1!!!!!!!!!

Don’t think McCabe would be coming to the rescue in that scenario he’s an old man and I don’t his kids wanted much to do with it before. McCabe was looking for an out himself last time.

 

[Rodley]

I expect the “seeking investment only” is him looking to sell but not wanting to alert the market that he wants to get rid / attract low ball offers.

 

[Prem owner needed]

I expect the “seeking investment only” is him looking to sell but not wanting to alert the market that he wants to get rid / attract low ball offers.

I don't think that he will have much choice soon, without putting himself and/or the club in trouble and that will make it harder to find a buyer.

 

[Wards]

I'd have thought we'd be a fairly attractive option for any potential investor given the infrastructure is largely sound (save for a 10ft hole in the training ground roof), owns it's own ground, has no pending points deductions or financial penalties, has guaranteed future income in the parachute payments (even if committed) and a few saleable assets. Not beyond the realms of possibility that someone would see it as a good opportunity.

 

[ChipButtyBlade]

Are we following the Derby model of decline or the pigonomics one.

 

[blade too long]

heard a consortium are putting in a bid for Wednesday openly displaying their offer

 

[Snowflake]

This can't be true. Purchase of football clubs by Chinese businessmen is now off the agenda, by order of the CCP.

Those who have them will likely be getting rid of them soon enough.

Only those Chinese who live and operate in China.

 

[Tuns25]

No one is going to buy us , McCabe tried to sell for a decade + had no takers , eventually having to settle for a partnership with Le Petit Prince.
Championship clubs lose big money every year - the only reason to own one is if you have ridiculous money + a love for the club or you are a gambler who smells the chance of getting the PL riches.
Our fanbase is large but too poor to pay high enough ticket prices to sustain the club even if the ground was full every week.
Blimey , a ST for £250 and we still can't fill the ground coz hardly anyone in Sheffield is going to pay £40 for a walk-up.
Look at the geographical swing of football to the richer area of London & the south.
Le Petit Prince has stated many times that he's been looking for investment - I'd hoped for his Saudi mates to chip in - but the Barcodes thing has killed that idea.
My fear us that he may eventually be forced to bail out by selling the freehold for development + that will be the end of SUFC.

Our walk up has always been terrible it is all about season ticket sales - and our offer to new/returning fans I think was £400 for the Kop. Not sure what the £250 was but that was not fir STs around the ground even at the dicsount.