McCabe -had his time

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davidblade said:
I’m glad that you are wearing rose tinted glasses, for the rest of us realists I’m feeling pretty down as I don’t see a solution
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Why is he wearing rose tinted glasses? His post is the reality. Certainly has more credence than "fuck off McCabe".

Where are all these bids to buy us, these billionaires salivating at the prospect of buying the club?
 

A rock and a hard place spring to mind. While ever the Prince keeps quiet then I don’t know what to think about it. I have real concerns about next season though if we don’t sort something out pretty rapid, although we don’t want McCabe being too hasty we need it sorting out as soon as possible for the good of the club.
 
davidblade said:
I’m glad that you are wearing rose tinted glasses, for the rest of us realists I’m feeling pretty down as I don’t see a solution
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I don't see an obvious solution either and to be honest I'm not even sure what the best outcome for the club is. McCabe in charge is the low risk/low reward option. The prince, everyone is assuming is a high risk/ high reward option but has anyone heard anything from him or his associates about future plans? Their silence worries me. Equally continuing as we are seemingly isn't an option.
 
Every other similar size club in every other major city north of Watford has had a buyer in the past 10 years apart from us.

We just get a 50% owner. And then when he wants to purchase 100% the other owner tries to stop him.
 
Eric Cartman said:
Every other similar size club in every other major city north of Watford has had a buyer in the past 10 years apart from us.

We just get a 50% owner. And then when he wants to purchase 100% the other owner tries to stop him.
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Is that what's happening? McCabe is stopping him?
 
Is it a surprise it's come to this with the Prince...after all McCabe chose him as a partner and McCabes decision making on most things not to do with property has been awful.

I really can't see McCabe selling as it seems his valuation differs markedly to any potential buyers otherwise he'd have sold us by now. So lets hope it doesn't take as many partners as managers for him to pick a good one !
 
knockoffnigel said:
Cardiff will more than likely be spending a 2nd season in the premier league next season. We’ve been there for 1 year out of the last 25.

Hull have been in the premier league for a few year recently along with an FA cup final and Europe, I’d take that over what McCabe has dished up.

Without the prince we’d still be in Lg1 or worse.
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I'd never want the owners of Hull or Cardiff, Blackburn and many more over Kev. New ownership usually means foreign ownership, an initial over spend on players wages and transfer fees aimed at going up. A foreign manager appointed, ticket prices often going up. Then when said team doesn't go up the money dries up and you're no better than before and often worse.

Yes we want to be in the Premier League but its not the be an end all either and there's many similar sized clubs or bigger that would love local ownership. Charlton are another example as are Coventry. I don't want two or three years in the Prem but the come down with hugely inflated squads that isn't sustainable and high ticket prices subsidising a load of players that don't really care about the club. Sunderland springs to mind.
 
Booker why don't the.likes of Bournemouth, Leicester, Southampton spring to mind ? All smaller clubs than us over achieving with foreign owners?

This is the modern world mate...the days of being owned by a local businessman are disappearing and it we want to compete at a higher level we may need to go down the same route
 
Sean Thornton said:
Is that what's happening? McCabe is stopping him?
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Princey was happy to purchase the assets 'at a fair market value' if I remember correctly.
One can assume he's being priced out. One can assume he's trying to get us on the cheap. It's down to interpretation.
 
I wonder if Kev kicked the bucket if his sons would be a bit more wasteful with Papa’s cash and just buy Messi for us? Not that I’m advocating murder but it would be an interesting experiment.
 
FriethBlade said:
Booker why don't the.likes of Bournemouth, Leicester, Southampton spring to mind ?
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They never do. When people mention 'foreign ownership' in Sheffield you get 'ooooh neowww, ant tha seen Hull and Blackburn' or 'look at him in S6 (even though he has pumped millions in, he's just an idiot)'

It's never 'oh yeah I'd quite like that. It's taken Bournemouth and Leicester to the premiership and premiership title respectively. It's established Watford as a premier league team. It's given Southampton european football.'

People in Sheffield will always look at the negatives before the positives. It's in the DNA of the city.
 
If Kev has our best interests at heart why doesn't he just put the ground in trust (think Chelsea have one for their ground spread amongst fans) and say he''ll take market value for the rest.

Maybe he's always holding out for top dollar with too many strings which might be why no one else meaningful comes in. I fear just more stagnation if we keep doing what we're doing.
 
Eric Cartman said:
Princey was happy to purchase the assets 'at a fair market value' if I remember correctly.
One can assume he's being priced out. One can assume he's trying to get us on the cheap. It's down to interpretation.
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A fair market value would, in the case of any disagreement, be valued by an independent third party. I believe The Star published an article where his spokesman said he didn't want the academy etc. One could assume based on that that he's now trying to rework the agreement or he doesn't like any independent valuation. We can assume all we want, we don't know what's in the shareholders agreement.

Obviously other than the bit the Princes lawyers didn't see about McCabe taking his pants down.

McCabe may well be the villain in all this but he did start this process off and Jim thanked him for all he'd done. What changed? (Answer, we don't know)
 

South Bucks said:
If Kev has our best interests at heart why doesn't he just put the ground in trust (think Chelsea have one for their ground spread amongst fans) and say he''ll take market value for the rest.

Maybe he's always holding out for top dollar with too many strings which might be why no one else meaningful comes in. I fear just more stagnation if we keep doing what we're doing.
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The ground is the only thing he'll get any money back on. The shares aren't worth the £30 odd million reported on the balance sheet. That's what they cost, not their worth in the market.
 
Sean Thornton said:
A fair market value would, in the case of any disagreement, be valued by an independent third party. I believe The Star published an article where his spokesman said he didn't want the academy etc. One could assume based on that that he's now trying to rework the agreement or he doesn't like any independent valuation. We can assume all we want, we don't know what's in the shareholders agreement.

Obviously other than the bit the Princes lawyers didn't see about McCabe taking his pants down.

McCabe may well be the villain in all this but he did start this process off and Jim thanked him for all he'd done. What changed? (Answer, we don't know)
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I'm not in the 'ooooh McCabe is a disgrace' 'sell club nar Kev' 'fuk of McCabe' clique. I just want what's best for the club and I personally think rolling the dice with the Prince of human rights is our best chance of that right now, let's be honest we're not spoilt for choice.

I just can't get my head around how when there's an agreement in place it's ended up with infighting such as this that has derailed our season. Either the Prince's lawyers are incompetent (possible), McCabe's are absolutely devlish (possible) or they literally put 'a fair market value' in the original contract instead of an actual sum of the assets.

Obviously Sheffield United as a whole is now a multi layered beast and the due diligence was always going to take a while even if it was a clean buy. But this will prolong it even more and if it does come to the point McCabe is happy to sell at the beginning of May I don't think the sale will be completed by the autumn.
 
Eric Cartman said:
I'm not in the 'ooooh McCabe is a disgrace' 'sell club nar Kev' 'fuk of McCabe' clique. I just want what's best for the club and I personally think rolling the dice with the Prince of human rights is our best chance of that right now, let's be honest we're not spoilt for choice.

I just can't get my head around how when there's an agreement in place it's ended up with infighting such as this that has derailed our season. Either the Prince's lawyers are incompetent (possible), McCabe's are absolutely devlish (possible) or they literally put 'a fair market value' in the original contract instead of an actual sum of the assets.

Obviously Sheffield United as a whole is now a multi layered beast and the due diligence was always going to take a while even if it was a clean buy. But this will prolong it even more and if it does come to the point McCabe is happy to sell at the beginning of May I don't think the sale will be completed by the autumn.
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Happens all the time. One or more set of lawyers think they've covered everything, others roll their eyes and say not. Let's sue.
Experiencing the same , on a much smaller scale, with a client at the moment.
 
Sean Thornton said:
Happens all the time. One or more set of lawyers think they've covered everything, others roll their eyes and say not. Let's sue.
Experiencing the same , on a much smaller scale, with a client at the moment.
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Only ever had to oversee outsourcing contracts, they I assume are much less complex than a business purchase.

It's impossible to know who's the bad guy in all this.

Some will make the assumption the Prince doesn't have the money, but would you pay £5 for a freddo? I know inflation is creeping it ever closer, but still...

Some others will make the assumption Kev just won't part with us and when push has come to shove he's dug his nails in. At the POTY yesterday he claimed he wasn't retiring until we were back in the PL. He better have some deep pockets or a very good idea then, because unfortunately with all the money around now the odds of a Burnley, Swansea or Huddersfield are very unlikely.

I doubt we'll ever find out what the hold up was but I certainly hope it doesn't last much longer or we are in trouble.
 
Bladesman said:
No one wants to buy us but there has to be a reason why.
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The price is seen to be too high and no one else wants to power share whilst funding the club. It's not rocket science, but there are no rumours even, of billionaires wanting us.
 
Sean Thornton said:
The price is seen to be too high and no one else wants to power share whilst funding the club. It's not rocket science, but there are no rumours even, of billionaires wanting us.
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Don't you find that alarming though? I know I do. Especially when them cunts across the city have been purchased by (luckily) an idiot. Albeit with deeper pockets than the depth of the big Hillsborough puddle of 2007.
Even the dingles have been bought.

Yet we in the city centre, 32 thousand seater stadium, recent (ish) Premier League year, trips to wembley in League One - we can't get hold of anyone.
 
raul said:
This is the latest red herring though isn't it?

Let's have the quotes from Princey which say that's what he's going to do.
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Maybe thats half the problem, the lack of anything from his side? Or maybe he can't say anything because of any legal shennaigans?

God only knows, the usual Blades SNAFU, nothing new.
 
Eric Cartman said:
Don't you find that alarming though? I know I do. Especially when them cunts across the city have been purchased by (luckily) an idiot. Albeit with deeper pockets than the depth of the big Hillsborough puddle of 2007.
Even the dingles have been bought.

Yet we in the city centre, 32 thousand seater stadium, recent (ish) Premier League year, trips to wembley in League One - we can't get hold of anyone.
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It is only til you look at others clubs you do begin to wonder but it is down to valuation like Sean says. It always has been down to valuation since before the Prince came onboard.
 
Bladesman said:
It is only til you look at others clubs you do begin to wonder but it is down to valuation like Sean says. It always has been down to valuation since before the Prince came onboard.
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And as I've said previously therein lies the problem. As a going concern the 'business' is worth a lot less than the 'asset value McCabe is almost certainly looking for.
 

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