Kevin McCabe says..................

[Dickens67]

This statement would be contrary to what has been reported in the press. It neefs to be sorted out. Kevin McCabe is old and how much longer can he go on as he is with the same involvement in the club?? Also, I am not convinced any prospective investor wouldn't want some independence from someone like McCabe calling all tbe shots. Just a hunch.

 

[PittsburghBlade]

Unbelievable how peoples tune can change it honestly is so embarrassing the criticism united fans give managers/players/owners and completely change their tune.

 

[sheffielder]

This statement would be contrary to what has been reported in the press. It neefs to be sorted out. Kevin McCabe is old and how much longer can he go on as he is with the same involvement in the club?? Also, I am not convinced any prospective investor wouldn't want some independence from someone like McCabe calling all tbe shots. Just a hunch.

Have I missed something. I haven’t read one article where the press have reported what is going on. Just guess work?

 

[LJBlade]

Wilder was a god send. Granted!

I'm pretty sceptical about both McCabe and Prince if I'm honest mate. McCabe has done good for us, such as the points you made. However, we have always sold our best players with little reinvested.

Let's not forget, before Wilder came and worked his miracles, we were a club on the slide due to dreadful management at the top.

We’ve been losing money for years so the money we received for selling those players must have been reinvested somewhere within the club at least.

 

[coolhandluke]

We had that turmoil and worse thanks to McCabe's ownership post Premier League 06/07....

Did we ? I must have missed that .

 

[Hamburg Blade]

....................................he aint going anywhere!

If that is a picture of McCabe introducing our two newest signings, we are well and truly fucked.

 

[ShockingBadBuy]

I'll just leave that for others to say their piece....

#OneOfTheSix

self-awareness
Noun.
Conscious knowledge of one's own character, feelings, motives, and desires.
‘the process can be painful but it leads to greater self-awareness’

 

[Sean Thornton]

What does Wit say about it all? Anyone know?

Hear hear!! This is the reasons I’ll keep him at arms length whenever I have met him. If he told me the time id check my watch.

Is it a Mickey Mouse one?

 

[Sean Thornton]

This statement would be contrary to what has been reported in the press. It neefs to be sorted out. Kevin McCabe is old and how much longer can he go on as he is with the same involvement in the club?? Also, I am not convinced any prospective investor wouldn't want some independence from someone like McCabe calling all tbe shots. Just a hunch.

You think the club is lying then and the press are telling the truth? Okay.

 

[Keen Blade]

What do you think "process commenced" means?

I interpret "SU Ltd commenced a process" to mean "Kevin gave notice to his co-owner that he (Kevin) wants to sell his shares".
Probably because his ownership of those shares costs him several million per year just to keep us afloat , he's not getting any younger and his sons aren't generous enough to continue such philanthropy.
As a result of Kevin commencing the process , the Prince becomes entitled to exercise an option to purchase Kevin's shares.
That's where we're at.
Presumably there is some time limit on the Prince completing the purchase of those shares , but no one has revealed it. Presumably we can't stay in this limbo forever. If the Prince buys , that's it , he owns SUFC , but not the fixed assets (ground , training complex , hotel) because they belong to Kevin , not SUFC.
People who want us to stay forever at the Lane are probably better protected by Kevin's ownership.
IMHO , the only way a purchaser of those assets could afford to buy them would be if he intended to develop the land into student flats or a retail park or a casino or all three.
And we would end up in a giant Mecanno set near a motorway junction.
If the Prince fails to complete the purchase within the timeframe , then I assume , at the very least , Kevin has the right to sell them to whomsoever he chooses.
It may even be that in this case , the Prince becomes obliged to SELL his shares.
So my take is that at this stage , we literally have no idea who will end up owning SUFC.
Or whether Kevin will be comfortable selling the ground to them.

Any scenario is possible.
One extreme could be some Chinese blokes could promise Kevin they want a PL club at the Lane , he sells them the club and the ground , they break their promise , dissolve the club , demolish the ground and build Chinatown on the site.
The other extreme could be the Prince gets hold of some family money , makes the same promises , finances the club into the PL , rebuilds the kop with leather seats and an ale-pump in every row and gives a free lifetime season ticket to everyone alive who has ever owned one.

So there is just no point worrying about it.
You can't affect it , unless you have a spare £5m pa to chuck away.
So just think about the next match and how much singing you're going to do.

 

[Gerritforud]

I'd like to know when (if there is one) the deadline is.
With us knocking on the playoffs door the clubs value in May could alter a fair few bob.

 

[Blade58]

I interpret "SU Ltd commenced a process" to mean "Kevin gave notice to his co-owner that he (Kevin) wants to sell his shares".
Probably because his ownership of those shares costs him several million per year just to keep us afloat , he's not getting any younger and his sons aren't generous enough to continue such philanthropy.
As a result of Kevin commencing the process , the Prince becomes entitled to exercise an option to purchase Kevin's shares.
That's where we're at.
Presumably there is some time limit on the Prince completing the purchase of those shares , but no one has revealed it. Presumably we can't stay in this limbo forever. If the Prince buys , that's it , he owns SUFC , but not the fixed assets (ground , training complex , hotel) because they belong to Kevin , not SUFC.
People who want us to stay forever at the Lane are probably better protected by Kevin's ownership.
IMHO , the only way a purchaser of those assets could afford to buy them would be if he intended to develop the land into student flats or a retail park or a casino or all three.
And we would end up in a giant Mecanno set near a motorway junction.
If the Prince fails to complete the purchase within the timeframe , then I assume , at the very least , Kevin has the right to sell them to whomsoever he chooses.
It may even be that in this case , the Prince becomes obliged to SELL his shares.
So my take is that at this stage , we literally have no idea who will end up owning SUFC.
Or whether Kevin will be comfortable selling the ground to them.

Any scenario is possible.
One extreme could be some Chinese blokes could promise Kevin they want a PL club at the Lane , he sells them the club and the ground , they break their promise , dissolve the club , demolish the ground and build Chinatown on the site.
The other extreme could be the Prince gets hold of some family money , makes the same promises , finances the club into the PL , rebuilds the kop with leather seats and an ale-pump in every row and gives a free lifetime season ticket to everyone alive who has ever owned one.

So there is just no point worrying about it.
You can't affect it , unless you have a spare £5m pa to chuck away.
So just think about the next match and how much singing you're going to do.

But the OP says the opposite

"He's not going anywhere" doesn't tie in with your opening statement

The only thing I worry about at the moment with this going on, is the long term future of the club

Under no circumstances do I want to see a short term fix for a long term collapse. A club run by vagabonds is a recipe for disaster and just doesn't bear thinking about.

 

[Patrick Suffaux]

We’re where we are down to a multitude of events and people.

What we currently have is not a pot of gold, but we’re now a well run club which isnt spending above its means.

Like many I’ve witnessed the bad times at the lane and these current times aren’t bad times, compare our set up and ownership to other championship sides and lower end Prem aides and we have a very, very balanced set up.

Yes we could tout ourselves to a new owner with big money but what will that achieve? Big changes and big steps upwards? We don’t know

I’m happy for our club to move forward with McCabe, the prince or whoever, but let’s do it the right way. Right now we’re in a good position

That can change quickly in football. We will need a lot more money to stay where we are. It will only get harder.

We’ll need a third party to come in for that. Neither scenario is going to allow to even sustain top half Championship football like long term unless the plan is for one of them is to sell the club upon taking full ownership.

 

[Sean Thornton]

I interpret "SU Ltd commenced a process" to mean "Kevin gave notice to his co-owner that he (Kevin) wants to sell his shares".
Probably because his ownership of those shares costs him several million per year just to keep us afloat , he's not getting any younger and his sons aren't generous enough to continue such philanthropy.
As a result of Kevin commencing the process , the Prince becomes entitled to exercise an option to purchase Kevin's shares.
That's where we're at.
Presumably there is some time limit on the Prince completing the purchase of those shares , but no one has revealed it. Presumably we can't stay in this limbo forever. If the Prince buys , that's it , he owns SUFC , but not the fixed assets (ground , training complex , hotel) because they belong to Kevin , not SUFC.
People who want us to stay forever at the Lane are probably better protected by Kevin's ownership.
IMHO , the only way a purchaser of those assets could afford to buy them would be if he intended to develop the land into student flats or a retail park or a casino or all three.
And we would end up in a giant Mecanno set near a motorway junction.
If the Prince fails to complete the purchase within the timeframe , then I assume , at the very least , Kevin has the right to sell them to whomsoever he chooses.
It may even be that in this case , the Prince becomes obliged to SELL his shares.
So my take is that at this stage , we literally have no idea who will end up owning SUFC.
Or whether Kevin will be comfortable selling the ground to them.

Any scenario is possible.
One extreme could be some Chinese blokes could promise Kevin they want a PL club at the Lane , he sells them the club and the ground , they break their promise , dissolve the club , demolish the ground and build Chinatown on the site.
The other extreme could be the Prince gets hold of some family money , makes the same promises , finances the club into the PL , rebuilds the kop with leather seats and an ale-pump in every row and gives a free lifetime season ticket to everyone alive who has ever owned one.

So there is just no point worrying about it.
You can't affect it , unless you have a spare £5m pa to chuck away.
So just think about the next match and how much singing you're going to do.

And therefore commencing the process. Which is pretty much what I've been saying.

 

[sheffielder]

I know people are saying about Kev activating the clause to the Prince buying the club, but another thing we don't know is how much Kev can have Prince's half for if he doesn't.

This could be that both sides have agreed for Kev to take over, but have to follow process, which is first Kev activating the clause. Prince saying no, and Kev taking the Prince's half for X amount. Maybe the clause could only be activated by Kev.

 

[finlaytheblade]

A shrewd Businessmen like Mr McCabe will surely have safe guards written into any agreement with the prince,likewise the prince will have the same. I think amounts of money would be the safeguard on both sides so as neither loses money or respect and the split would be amicable.once those figures are reached.The amount of money McCabe has put in means the prince would have to find in the region of £100 million a tall order judging by his wealth.
McCabe has always said he would not sell to unreliable people he would surely have a Claus that safeguards our future.
Can't see Mr McCabe riding into the sunset just yet.
If at some point he goes!! I would expect a cast iron agreement in place to guarantee our future with investment guaranteed.He's spend 20 years here and to bow out without securing. our future would mean failure and a waste of 20 years of his life .