How Kevin McCabe can sell Sheffield United

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Kev asked for ideas that might lead towards his exit, well here's one:

Hibernian are selling 51% of the club to fans through an online share issue (see here). From what I understand, this has been a tiered process, with shares being released in small batches, for fans to purchase.

Why not do the same Kevin? Consult with the fans, allow us to buy a small part of the club (and ground) from you (and the Prince, if you want to remain equal partners). There's no need to go mental and put the entire thing up for sale, let's see how a small share issue goes, if it goes well, we can start to plan for the next share issue, and the next, and the ...

You have a database full of names who might not have the financial clout to buy the club from you directly, but bring us together, and maybe we can achieve a miracle?
 



Flawed said:
Kev asked for ideas that might lead towards his exit, well here's one:

Hibernian are selling 51% of the club to fans through an online share issue (see here). From what I understand, this has been a tiered process, with shares being released in small batches, for fans to purchase.

Why not do the same Kevin? Consult with the fans, allow us to buy a small part of the club (and ground) from you (and the Prince, if you want to remain equal partners). There's no need to go mental and put the entire thing up for sale, let's see how a small share issue goes, if it goes well, we can start to plan for the next share issue, and the next, and the ...

You have a database full of names who might not have the financial clout to buy the club from you directly, but bring us together, and maybe we can achieve a miracle?
Click to expand...

As I put on another thread about this, that is fine in principle but who is going to fund the ongoing losses, these new shareholders? What exactly would these shareholders get?
 
In answer to "who should chuck shit loads of cash at the club?", well I'd suggest the answer would be to stop doing that and live within our means! That aside, Hibernian seem to be following the so-called "German model", of having 51% of the club fan owned (by decree), allowing anyone who wants to come in and splash the cash to do so while owning the other 49%.

Every Bundesliga team has to operate in this manner under the rules of the league I believe? And two teams in Spain seem to have had "moderate" success under fan ownership? (Real Madrid and Barcelona). :D
 
It costs five million plus a year - excluding player salaries - just to keep the club going.
 
He never asked for ideas to sell the club by the way. Was clarified in his interview with James Shield this week
 
Flawed said:
In answer to "who should chuck shit loads of cash at the club?", well I'd suggest the answer would be to stop doing that and live within our means! That aside, Hibernian seem to be following the so-called "German model", of having 51% of the club fan owned (by decree), allowing anyone who wants to come in and splash the cash to do so while owning the other 49%.

Every Bundesliga team has to operate in this manner under the rules of the league I believe? And two teams in Spain seem to have had "moderate" success under fan ownership? (Real Madrid and Barcelona). :D
Click to expand...

Thing is, that's a fine model if everyone is compelled to abide by it. If they're not and someone like United unilaterally adopt it, they will find themselves much less attractive to people with more money than they know what to do with and who fancy a vanity project/executive toy. Why would they pump millions into a club they can't control when they could put their millions into another club they do control?

Hence, though I have a huge amount of sympathy with the idea, if United did adopt it, it would only lead to a massive drop in the money coming into the club.
 
I don't get how this benefits the club.

KM sells us 51% of the club and then doesn't put any more money in and we run at break even. How does that benefit us financially? It doesn't.

If we did go up and KM sold his share, he'd get less that way than holding on to all his current share and selling that. So it doesn't really benefit him either.
 
BushBlade said:
I don't get how this benefits the club.

KM sells us 51% of the club and then doesn't put any more money in and we run at break even. How does that benefit us financially? It doesn't.

If we did go up and KM sold his share, he'd get less that way than holding on to all his current share and selling that. So it doesn't really benefit him either.
Click to expand...


Stop talking sense.
 
BushBlade said:
I don't get how this benefits the club.

KM sells us 51% of the club and then doesn't put any more money in and we run at break even. How does that benefit us financially?
Click to expand...
He doesn't get to take any out ............................. :rolleyes:
 



Worksop II said:
He doesn't get to take any out ............................. :rolleyes:
Click to expand...
I gave this a like because I assumed you were joking but after your latest reply to one of my posts I'm not so sure you are.
 
Any club gone forward after selling shares to fans..................
 
Yes, the one mentioned in the OP. But what works in one arena, with its own set of circumstances, may not necessarily work in another.

Put it this way, I'm in HSL, because the numbers in Scotland arent anything like the numbers even in L1, so it can, and does make a difference. At our level, I wouldn't be interested given either 8, 15, 16 million or whatever number is todays bonus ball of investment still makes no difference.


http://www.skysports.com/watch/vide...ball/10161531/fan-ownership-key-for-hibernian
 
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