Letter to shareholders

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Sothall_Blade said:
"namely a disguised inducement or bribe to Prince Abdullah in his role as Saudi Minister"

Not my words. Those are the words used in McCabe's legal documents.
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Yes that's his argument - but not yet tested in court.
I've got no doubt it might be a bribe once it has been decided by a judge :)
 

I should coco said:
It was originally done in 1900 as a silent movie. It has been tinted, dubbed, filmed in Panavision, 3D, Tevezscope and is rereleased every decade.

The actors change but each new version still stays loyal to the old script where the fans end up custard pied.
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But km still getting royalties since 1990.
 
Nightmare. :oops: Not fully read it, but I wouldn't trust anyone who played so fast and loose with my club by taking them to the brink of insolvency and a report to the authorities thereby risking a points deduction.
 
Having started reading the docs 3 things stick out to me like a sore thumb:

1) Kev fucked up again and it seems his “exhaustive search" for a partner still managed to unearth a very underhand businessman without the clubs best interests at heart.

2) Why some of this information is in the public realm is beyond me, if I was another Championship club I'd be taking all the useful information possible and using it against us. If I was interested in Wilder I'd also be in there like a shot.

3) GBP 2m is a ridiculously low budget compared to the aspirations that are cited in some of the documents.

I will read it all properly later in the week as I have a 6 hour flight, but from what I've read before Old Kev is well and truly on the ropes and has been swindled by the Prince and his consorts. If anyone's on twitter Phipps needs some hammer as he was obviously part of this at the start, hopefully the reason he left was that he was uncomfortable with the Prince's behaviour, I doubt it though.
 
I think the documents clearly show that the Prince is not to be Trusted an inch. Firstly he was behind with his contributions to making up the Club's losses to the tune on £1.6 mill.. He then appears to use the "Charwell Loan" which again seems a rather dubious transaction. Finally he tries to circumvent the terms of the original Investors and Shareholders Agreements by transferring some of his shares to another company controlled by him UTB 2018 to avoid having to buy the Bramall Lane Ground and Academy which was clearly a term of the original Agreements which he entered into. The thought of this man ever having full control of the club fills me with dread. he is clearly a c---- and I don't think has any regard for the supporters or its future. What a mess! But we need KM to win this dispute and keep the Prince out.
 
Trigger Blade said:
Don't think anyone has answered, but mine arrived by post today.
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Ours too, Trigg - my shareholding in United is registered in our Gert’s name for tax purposes, but the original £500 investment is now worth a fair way south of fuck all........:)
 
georgebernardshaw said:
Ours too, Trigg - my shareholding in United is registered in our Gert’s name for tax purposes, but the original £500 investment is now worth a fair way south of fuck all........:)
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Bloody Hell - you must be the inspiration behind HRH and his share moving :mad:
 
Yewsman said:
I think the documents clearly show that the Prince is not to be Trusted an inch. Firstly he was behind with his contributions to making up the Club's losses to the tune on £1.6 mill.. He then appears to use the "Charwell Loan" which again seems a rather dubious transaction. Finally he tries to circumvent the terms of the original Investors and Shareholders Agreements by transferring some of his shares to another company controlled by him UTB 2018 to avoid having to buy the Bramall Lane Ground and Academy which was clearly a term of the original Agreements which he entered into. The thought of this man ever having full control of the club fills me with dread. he is clearly a c---- and I don't think has any regard for the supporters or its future. What a mess! But we need KM to win this dispute and keep the Prince out.
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Totally agree and then sell us on asap.
 
georgebernardshaw said:
Ours too, Trigg - my shareholding in United is registered in our Gert’s name for tax purposes, but the original £500 investment is now worth a fair way south of fuck all........:)
Click to expand...


Give me your bank details and cv and pin and I'll buy them off you.
 
I just wonder whether there is any other football club that is run on the same basis as this one.
One joke of a boardroom after another after another after another

This observation obviously coming from a pig
 
I have also read all the 4 documents available via the link made available by the McCabe solicitors . Whilst the contents contain the usual excesses of litigation there are a few certainties contained within the papers .

- McCabe lost this first legal “round “ comprehensively

- The Prince 100 per cent tricked Mcabe via his covert dilution of his holding in his original acquiring vehicle ,

However the above and all the other mudsligimg between the two pale in to insignificance compared to the following fact which emerges from the papers ;

CHRIS WILDER WAS LIED TO WHEN HE WAS TOLD THAT BOTH OWNERS HAD AGREED AN UPLIFT TO HIS TRANSFER BUDGET THE PRINCE NEVER AGREED THIS AND MCCABE SIMPLY WINGED IT PRESUMEABLY TO CAJOLE CHRIS TO COMMIT AND SIGN HIS NE DEAL

Our Manager “ is nobody’s Patsy “ get ready for the worst case scenario and remember the reason why all this dreadful dirty washing is out in the public domain is because McCabe would not match the Princes offer of “gifting “ £1,5M of working capital , McCabe insisted it had to be a loan ,

Even if there was a transfer budget why would any player with ambition join this shambles of a situation
 
56yearsablade said:
I have also read all the 4 documents available via the link made available by the McCabe solicitors . Whilst the contents contain the usual excesses of litigation there are a few certainties contained within the papers .

- McCabe lost this first legal “round “ comprehensively

- The Prince 100 per cent tricked Mcabe via his covert dilution of his holding in his original acquiring vehicle ,

However the above and all the other mudsligimg between the two pale in to insignificance compared to the following fact which emerges from the papers ;

CHRIS WILDER WAS LIED TO WHEN HE WAS TOLD THAT BOTH OWNERS HAD AGREED AN UPLIFT TO HIS TRANSFER BUDGET THE PRINCE NEVER AGREED THIS AND MCCABE SIMPLY WINGED IT PRESUMEABLY TO CAJOLE CHRIS TO COMMIT AND SIGN HIS NE DEAL

Our Manager “ is nobody’s Patsy “ get ready for the worst case scenario and remember the reason why all this dreadful dirty washing is out in the public domain is because McCabe would not match the Princes offer of “gifting “ £1,5M of working capital , McCabe insisted it had to be a loan ,

Even if there was a transfer budget why would any player with ambition join this shambles of a situation
Click to expand...

Where is the bit in capitals from?

McCabe insisted it was a loan because the share price was agreed at £5m. Gifting the money would effectively lower that to £3.5m
 

Just a point of clarification, reading the interim judgement the transfer budget is £7,000,000 for the season with only £500,000 coming from player sales. Presumably therefore any Brooks income is additional to the budget to a degree to be determined. It looks like £2.5m is the first element of that. That’s not the entire budget, but the first payment towards it. This would correlate with transfers where the fees are spread over a period of time.

Be interested to see Pinchy and Sean Thornton’s view on this. I’m au faux with the property law lingo, but some of the legalese is a tad wordy for me. ;)
 
56yearsablade said:
I have also read all the 4 documents available via the link made available by the McCabe solicitors . Whilst the contents contain the usual excesses of litigation there are a few certainties contained within the papers .

- McCabe lost this first legal “round “ comprehensively

- The Prince 100 per cent tricked Mcabe via his covert dilution of his holding in his original acquiring vehicle ,

However the above and all the other mudsligimg between the two pale in to insignificance compared to the following fact which emerges from the papers ;

CHRIS WILDER WAS LIED TO WHEN HE WAS TOLD THAT BOTH OWNERS HAD AGREED AN UPLIFT TO HIS TRANSFER BUDGET THE PRINCE NEVER AGREED THIS AND MCCABE SIMPLY WINGED IT PRESUMEABLY TO CAJOLE CHRIS TO COMMIT AND SIGN HIS NE DEAL

Our Manager “ is nobody’s Patsy “ get ready for the worst case scenario and remember the reason why all this dreadful dirty washing is out in the public domain is because McCabe would not match the Princes offer of “gifting “ £1,5M of working capital , McCabe insisted it had to be a loan ,

Even if there was a transfer budget why would any player with ambition join this shambles of a situation
Click to expand...




I've been saying the same things for about a week, albeit with extreme levels of sarcasm and undisputed very humorous jibes
The club's a joke (by club I mean boardroom)

The sooner they both f@ck off and take their non-entity minions with them the better
 
56yearsablade said:
I have also read all the 4 documents available via the link made available by the McCabe solicitors . Whilst the contents contain the usual excesses of litigation there are a few certainties contained within the papers .

- McCabe lost this first legal “round “ comprehensively

- The Prince 100 per cent tricked Mcabe via his covert dilution of his holding in his original acquiring vehicle ,

However the above and all the other mudsligimg between the two pale in to insignificance compared to the following fact which emerges from the papers ;

CHRIS WILDER WAS LIED TO WHEN HE WAS TOLD THAT BOTH OWNERS HAD AGREED AN UPLIFT TO HIS TRANSFER BUDGET THE PRINCE NEVER AGREED THIS AND MCCABE SIMPLY WINGED IT PRESUMEABLY TO CAJOLE CHRIS TO COMMIT AND SIGN HIS NE DEAL

Our Manager “ is nobody’s Patsy “ get ready for the worst case scenario and remember the reason why all this dreadful dirty washing is out in the public domain is because McCabe would not match the Princes offer of “gifting “ £1,5M of working capital , McCabe insisted it had to be a loan ,

Even if there was a transfer budget why would any player with ambition join this shambles of a situation
Click to expand...
Wilders money is there.
HRH is happy to fund it from Brooks money
McCabe wants to put the money in in
addition to the Brooks money but couldn't force HRH to do the same.

The Game continues...........
 
Rodley said:
Just a point of clarification, reading the interim judgement the transfer budget is £7,000,000 for the season with only £500,000 coming from player sales. Presumably therefore any Brooks income is additional to the budget to a degree to be determined. It looks like £2.5m is the first element of that. That’s not the entire budget, but the first payment towards it. This would correlate with transfers where the fees are spread over a period of time.

Be interested to see Pinchy and Sean Thornton’s view on this. I’m au faux with the property law lingo, but some of the legalese is a tad wordy for me. ;)
Click to expand...

.........and the french! :D
 
Topplayersleave said:
I've been saying the same things for about a week, albeit with extreme levels of sarcasm and undisputed very humorous jibes
The club's a joke (by club I mean boardroom)

The sooner they both f@ck off and take their non-entity minions with them the better
Click to expand...


Is it only a week........?
 
I need respond to the ST post to my last submission , The capitals come from what in my opinion, and I stress this is only my opinion, the most important extract from the papers

Chris Wilder was lied to

Is that fact in dispute?

As for the loan/gift which i can now self correct to £1.25M each this ,from my interpretation , was for funding to keep the club solvent to the end of October 2018
 
56yearsablade said:
I need respond to the ST post to my last submission , The capitals come from what in my opinion, and I stress this is only my opinion, the most important extract from the papers

Chris Wilder was lied to

Is that fact in dispute?

As for the loan/gift which i can now self correct to £1.25M each this ,from my interpretation , was for funding to keep the club solvent to the end of October 2018
Click to expand...


Does it say that in the skeleton arguments?

Not arguing about that. I was explaining why McCabe would loan but not gift.
 

Sean Thornton said:
One minute everyone is desperate to know what's happening, now it should have been played out behind closed doors.
Click to expand...

Life and business are about judgement . Do you think that any of these papers can be anything other than damaging for our club ? This is also the thin end of the dirty washing wedge , As an opinion McCabe should have matched the £1,25M gift offer from HRH and continued at least in the short term to try to negotiate an outcome away from the public eye.
 
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