Julian Winter

[LoughboroBlade]

Reportedly left his post as Chief Exec on Friday, according to Paul Walker.

 

[Kenilworth]

Sounds like another Winter of discontent

 

[shreds1975]

Interesting times. It always seemed we had too many chiefs down at the Lane and this would fit in with the corporate restructuring as part of the cost saving I guess.

A lot of change happening at once can only be disruptive though.

 

[broomhillblade]

If true at least the cuts are being made at every level.

 

[Blade58]

Confirmed according to this.

Must be reyt with quotes from KM

http://www.bbc.co.uk/sport/0/football/19545034

 

[Houso]

It's on the OS.

 

[Flatulent_Bob]

He left well before last Friday

 

[Foxy]

He left well before last Friday

Shhh

 

[Kenilworth]

Maybe it was the Autumn of his career

 

[Micalijo]

Shhh

I don't get the smiley face. Are you in some way making light of the fact that a normal bloke has lost his job?

I'd just like to thank him for all his ceaseless hard work for SUFC and I think all Blades should do the same.

 

[Micalijo]

Maybe it was the Autumn of his career

What is so funny about this? A bloke has lost his job.

 

[SwissBlade]

What is so funny about this? A bloke has lost his job.

Lost his job or got a job elsewhere and given his notice?

 

[Flatulent_Bob]

I don't get the smiley face. Are you in some way making light of the fact that a normal bloke has lost his job?

I'd just like to thank him for all his ceaseless hard work for SUFC and I think all Blades should do the same.

Its a comment to me, hence the quote.

You say you don't get smiley faces and then have a go at a poster for what you wrongly perceive it to be.

Congrats, have a PB with Kangaroo jizz you've deserved that little bit extra.

 

[CopenhagenBlade]

What is so funny about this? A bloke has lost his job.

McCabe has lost a lot of money at this club but it doesn't stop you slagging him off at every given opportunity. It is not as though the guy can't get another job

 

[broomhillblade]

What is so funny about this? A bloke has lost his job.

Are we seeing your caring side at last, Mic?

Or is JW a mate of yours?

 

[Kenilworth]

What is so funny about this? A bloke has lost his job.

Aw. Grow up feller.
A pun is a way of making light of a grim situation.
There must be plenty of material for you then Mica.

After all the shit and lack of success that we Blades fans have had to endure over the years it's probably the dark humour that gets us all through it. If not we would all end up all bitter and twisted - Oh - wait a minute?

My last comment on this - that's effing rich coming from someone who has been systematically abusive to another human being for the majority of the time I have been aware of your existence.

 

[Flatulent_Bob]

The best bit it, only a few threads down is a post started by Micalijo with this opening post;

Answers on a postcard please.

We are a Mickey Mouse, joke of a club - why do we need this bloke or anyone similar?

I hereby volunteer my services for £40k per annum and would also do scouting for quick players and would sort the half time queues out - not that it will be much of a problem in the coming years.

Kevin McCabe - sorry fella but you make me physically sick.

 

[Grecian2000]

Well I laughed at the sarcasm Mic. Doesn't always come across when written down though.

 

[Tuns]

McCabe has lost a lot of money at this club

Interesting to know how much he has actually 'lost' if you take out the accountancy complexities of our finances (and his losses and write downs etc) which it seems almost impossible to do or understand and if you factor in his gains from how his involvement with club may have helped his investements in property in China, Australia etc and presumably soon Nigeria, how much the hotel and other assets are or will be worth and how much he has/will take out from transfer profits, Tevez...

I don't think anyone has a clue as to the level of his losses.

 

[puppet]

Interesting to know how much he has actually 'lost' if you take out the accountancy complexities of our finances (and his losses and write downs etc) which it seems almost impossible to do or understand and if you factor in his gains from how his involvement with club may have helped his investements in property in China, Australia etc and presumably soon Nigeria, how much the hotel and other assets are or will be worth and how much he has/will take out from transfer profits, Tevez...

I don't think anyone has a clue as to the level of his losses.

Mccabe doesnt do anything for nothing.

 

[alcoblade]

Mccabe doesnt do anything for nothing.

Do you think he's better off, overall, for his involvement with SUFC?

I'd be amazed if it hasn't cost him tens of millions.

UTB

 

[Darren]

Do you think he's better off, overall, for his involvement with SUFC?

I'd be amazed if it hasn't cost him tens of millions.

UTB

I'm amazed that anyone thinks McCabe got involved with SUFC to make money. It's a rich man's vanity project.

 

[Pinchy]

I'm amazed that anyone thinks McCabe got involved with SUFC to make money. It's a rich man's vanity project.

Precisely. Football club ownership is for very rich men who are prepared to become rich men!

 

[alcoblade]

I'm amazed that anyone thinks McCabe got involved with SUFC to make money. It's a rich man's vanity project.

Agreed, but it seems that many think, indirectly, he's profited through the property ventures. Though I'm sure that bit was his intention, it seems both China and Hungary went tits up, and the hotel lost lots of money too.

UTB

 

[Tuns]

I'm amazed that anyone thinks McCabe got involved with SUFC to make money. It's a rich man's vanity project.

I don't think he got involved to make money but along the way he saw how his global business ambitions could benefit from his involvement in United.

I also think he fully intended that relationship to be mutually beneficial for the club.

There's no doubt the football side went tits up. I really have no idea how McCabe's own property ventures in China or Australia are doing. Or how United have opened doors for him in the business world over the years.

Can't really see how he can make a loss on the hotel in the long run given what he paid for it.

In this context it seems too simplistic to say he's lost tens of millions on United as nobody on here can state that with any certainty.

 

[Darren]

I don't think he got involved to make money but along the way he saw how his global business ambitions could benefit from his involvement in United.

I also think he fully intended that relationship to be mutually beneficial for the club.

There's no doubt the football side went tits up. I really have no idea how McCabe's own property ventures in China or Australia are doing. Or how United have opened doors for him in the business world over the years.

Can't really see how he can make a loss on the hotel in the long run given what he paid for it.

In this context it seems too simplistic to say he's lost tens of millions on United as nobody on here can state that with any certainty.

Fair enough, but McCabe's thought process probably went something like this:

"hmmm I have oodles and oodles of cash, far more than I can possibly eat. What should I do with it? Make more cash? But what would be the point? Or put some money into my beloved SUFC, so that all those supporters will love and cherish me for evermore..."

 

[alcoblade]

Can't really see how he can make a loss on the hotel in the long run given what he paid for it.

But he owned the business that lost lots of money on the hotel. Transferring it to the PLC didn't make the losses go away.

He might, in future, make money from it. But that's the same logic applied year after year throughout football as millions flow down the toilet. Right now, it's lost a fortune.

What can be stated with certainty from published accounts is that he's lost millons. The uncertain bits are the "doors that have been opened". These might well have brought further losses, or potentially profit. But that bit is unlnown.

UTB

 

[Tuns]

But he owned the business that lost lots of money on the hotel. Transferring it to the PLC didn't make the losses go away.

He might, in future, make money from it. But that's the same logic applied year after year throughout football as millions flow down the toilet. Right now, it's lost a fortune.

What can be stated with certainty from published accounts is that he's lost millons. The uncertain bits are the "doors that have been opened". These might well have brought further losses, or potentially profit. But that bit is unlnown.

UTB

I thought the football club paid for the building of the hotel, it was making losses in the recsession and then McCabe bought it for a knockdown price. I also thought that the apparent 'lost millions' which were lost due to bad decisions and bad luck are in fact owed to McCabe and that he has started the process of recovering that money.

I appreciate it may take a while to get out what he wants if ever but this whole area of McCabe, the debt, the loans, the company structure etc is far from clear to anyone which does remove the certainty whatever the accounts may say.

 

[alcoblade]

I thought the football club paid for the building of the hotel, it was making losses in the recsession and then McCabe bought it for a knockdown price..

McCabe owns th football club. The knockdown price for McCabe's PLC was the huge loss for McCabe's football club. He's lost millions on the hotel so far, one way or another.

I also thought that the apparent 'lost millions' which were lost due to bad decisions and bad luck are in fact owed to McCabe and that he has started the process of recovering that money..

I think we agree that the losses are, to a huge degree, the result of his own poor decisons. In terms of recovering money, it's by debt for equity swaps I believe, which don't alter the net transfer of cash from his own wallet to the footballing venture. Interest is charged on the loans, but this only increases the money owed. Again, no cash is going back to him and there's no realistic possibility of these debts being repaid.

I appreciate it may take a while to get out what he wants if ever but this whole area of McCabe, the debt, the loans, the company structure etc is far from clear to anyone which does remove the certainty whatever the accounts may say.

It's never clear overall. It's clear he's lost lots of money so far. It's clear very few individuals do anything but lose lots of money in football club ownership, long term.

UTB

 

[Latters]

Im speculating here as im not a shareholder and havent looked at the accounts, but I would imagine a high proportion of the losses will be "paper losses" through writing down the value of assets in the accounts. You can look like you're losing a lot of money when your actual cash flow position is fine.