McCabe speaks

[bartman]

clicky

http://www.thestar.co.uk/sport/foot...ackles-the-big-issues-facing-united-1-4874246

 

[StarBlade]

I'm not sure I'm any the wiser. I've no idea what a vanilla football club is either.

Lots of words, nothing really added. He wants to maintain links with the football club, yet wants investors in to the football side (but not the real estate side).

Oh, and DW is a liar!

 

[SotonBlade]

I still think he's being a little unrealistic mentioning the Premiership. We are at least a decade from having any chance of that again.

I understand the need to be posistive, but when you're 'allegedly' making redundancies, you have to be transparent. I'd rather he came out and told us EXACTLY how it is.

 

[Deleted member 2102]

Vanilla is a term to describe something which is ordinary. In financial markets a plain vanilla derivative would be something which is very common. Presumably a plain vanilla football club is one without a property arm or foreign interests.

 

[StarBlade]

Vanilla is a term to describe something which is ordinary. In financial markets a plain vanilla derivative would be something which is very common. Presumably a plain vanilla football club is one without a property arm or foreign interests.

Ok thanks.

 

[Grecian2000]

Liked the first line.

"KEVIN McCabe, Sheffield United’s owner, last night reaffirmed his commitment to Bramall Lane.".
That'll be the ground then rather than the football thingy that makes it all so bothersome.

As for his direct contradiction of what DW said, I know who I'd believe between the pair of them.

 

[metalblade]

As for his direct contradiction of what DW said, I know who I'd believe between the pair of them.

Is he trying to make Danny's position untenable ??? I think I trust Wilson more than a past liar.

 

[bladeinspaceandtime]

I'm not sure I'm any the wiser. I've no idea what a vanilla football club is either.

Raspberry ripple would be better

 

[JohnDenver]

I do wish he'd speak more plainly. I don't doubt he hasn't told Danny not to play Cress and Monty. But I'm also stone cold certain Danny has been given financial criteria which make it impossible. Why give the politician's answer when the truth is fine?

Vanilla is a trusty IT bullshit phrase too. Just meaning plain, basic. I don't see how SUFC no longer having its own ground makes it vanilla. By that criteria we could strip the club of its shop too. But why?

 

[beightonblade]

If his mouth moved it's lies.

 

[Revolution]

"The corporate change may make it more attractive for certain investors who merely wish to see their funds used to finance football alone and not utilised to own the major property interests of United.”

This could also have been achieved by:

(a) not transferring ownership of the ground and
(b) agreeing with the relevant investors that their funds will be used to finance football alone and not utilised to own the major property interests of United

I am still unconvinced by this reasoning.

And if I were doing the interviewing I would have followed up with "what sort of investor prefers to put money into a shell of a club rather than one that owns tangible property assets against which you could take security?". If there are genuinely people like this, they should send them to me, as I've got a bridge in Brooklyn they might be interested in buying.

 

[JohnDenver]

And if I were doing the interviewing I would have followed up with "what sort of investor prefers to put money into a shell of a club rather than one that owns tangible property assets?"

And what sort of manager chooses to discard senior players when his chairman is happy to pay their wages?

 

[Selly]

Vanilla is a term to describe something which is ordinary. In financial markets a plain vanilla derivative would be something which is very common. Presumably a plain vanilla football club is one without a property arm or foreign interests.

...or a ground to play in???

 

[Flatulent_Bob]

If his mouth moved it's lies.

As it was the printed word, doesn't that therefore make it fact?

 

[beightonblade]

As it was the printed word, doesn't that therefore make it fact?

not unless it's printed in the Sun

 

[Flatulent_Bob]

"The corporate change may make it more attractive for certain investors who merely wish to see their funds used to finance football alone and not utilised to own the major property interests of United.”

This could also have been achieved by:

(a) not transferring ownership of the ground and
(b) agreeing with the relevant investors that their funds will be used to finance football alone and not utilised to own the major property interests of United

I am still unconvinced by this reasoning.

And if I were doing the interviewing I would have followed up with "what sort of investor prefers to put money into a shell of a club rather than one that owns tangible property assets against which you could take security?". If there are genuinely people like this, they should send them to me, as I've got a bridge in Brooklyn they might be interested in buying.

Is it an attempt to tap into investors ego?

No one wants to be the man who funded the ground improvements, or tea money, they want to be the man who put his money in to sign player x.

Just an idle thought.

 

[beightonblade]

not unless it's printed in the Sun

and unless he's been misquoted he's confirmed he's gone nuts !

 

[Worksop_Blade]

I do wish he'd speak more plainly. I don't doubt he hasn't told Danny not to play Cress and Monty. But I'm also stone cold certain Danny has been given financial criteria which make it impossible. Why give the politician's answer when the truth is fine?

Vanilla is a trusty IT bullshit phrase too. Just meaning plain, basic. I don't see how SUFC no longer having its own ground makes it vanilla. By that criteria we could strip the club of its shop too. But why?

That's coming in the summer, sign up for one of them deals where a sports company comes in and runs your shop with it's own staff and the club takes a % of the income. Better gear meaning more sales but reduced by the 3rd party and then equaled out by having no retail staff to pay salaries to.

It's already done it with the Catering/Event/Conferencing management using Compass and Lime Venues to run that part of the ground.

 

[Revolution]

Is it an attempt to tap into investors ego?

No one wants to be the man who funded the ground improvements, or tea money, they want to be the man who put his money in to sign player x.

Just an idle thought.

Maybe, but again, you can do that without transferring the ground. Money has been raised in the past for specific purchases - remember the Grand National Sweepstake?

 

[Sothall_Blade]

<< McCabe continued: “The added issue that all clubs have to address is the Football League’s ‘Fair Play’ and SCMP which we can’t ignore. Our big problem is the residue of certain senior players still on high Championship packages which unless resolved or are granted a waiver, could see us technically breach SCMP conditions leaving ourselves open to a transfer embargo and financial penalties. This vitally important topic cannot be ignored.”>>

This is simply NOT true.
The football league's own website says that the only sanction for breaching the SCMP rules in League One and The Championship is a transfer embargo.
Clubs that get promoted to the Premiership from 2014/2015 will get hit with a "fair play tax" but that's two seasons away and highly unlikely anyway:-

http://www.football-league.co.uk/page/FLExplainedDetail/0,,10794~2748246,00.html

I repeat what I said yesterday. The SCMP rules are not a valid excuse for a "fire sale" of our key players (Quinn, Maguire, Doyle, Collins) before the transfer deadline.

We are more likely to get promoted by keeping the above and not signing any new players.

 

[Come from away]

<< McCabe continued: “The added issue that all clubs have to address is the Football League’s ‘Fair Play’ and SCMP which we can’t ignore. Our big problem is the residue of certain senior players still on high Championship packages which unless resolved or are granted a waiver, could see us technically breach SCMP conditions leaving ourselves open to a transfer embargo and financial penalties. This vitally important topic cannot be ignored.”>>

This is simply NOT true.
The football league's own website says that the only sanction for breaching the SCMP rules in League One and The Championship is a transfer embargo.
Clubs that get promoted to the Premiership from 2014/2015 will get hit with a "fair play tax" but that's two seasons away and highly unlikely anyway:-

http://www.football-league.co.uk/page/FLExplainedDetail/0,,10794~2748246,00.html

I repeat what I said yesterday. The SCMP rules are not a valid excuse for a "fire sale" of our key players (Quinn, Maguire, Doyle, Collins) before the transfer deadline.

We are more likely to get promoted by keeping the above and not signing any new players.

This is all well and good, but with expenses the odd million greater than revenues which sucker do you expect to pay the bills - anybody you would care to ridicule?

 

[Sothall_Blade]

This is all well and good, but with expenses the odd million greater than revenues which sucker do you expect to pay the bills - anybody you would care to ridicule?

How about the bloke who promised “I’ll make sure we cope with it. We’re in a recession but whatever needs to be sensibly funded WILL be funded with less income coming in.”

Just to be clear, if we receive a GOOD offer for Quinn, Collins or Doyle I would expect and accept them being sold as they're older, highly paid and in the last year of their contracts.

However, the talk recently has been that we MUST get rid of the above by any means in order to meet the SCMP rules and the draconian punishments that will be meted out if we don't. That's a red herring.

"Sensible funding" in my book means keeping the players above unless it's in the interests of the team to sell them.
There is absolutely no justifcation for offloading Maguire or any of the other young, contracted players.

 

[Ted Danson]

I think what hes getting at is more it would HAVE (there you go pinchy) been sensible to have got rid of the high earners last year but now its a necessity as we couldn't even afford to have them last year. Its all well and good saying oh he should just pay for it but hes already done that for a year more than expected.

Also complying with the FFP should make us a better prospect for investment

 

[Sothall_Blade]

I think what hes getting at is more it would HAVE (there you go pinchy) been sensible to have got rid of the high earners last year but now its a necessity as we couldn't even afford to have them last year. Its all well and good saying oh he should just pay for it but hes already done that for a year more than expected.

Also complying with the FFP should make us a better prospect for investment

I'd suggest being top of the league with good crowds and contracted home-grown players like Maguire earning plaudits makes us a better prospect for investment than shaving 1 or 2 % off the wage bill/turnover ratio.

 

[davidpinder]

I must have missed something or an interview somewhere can someone tell me what DW said that makes him or McCabe a liar???

 

[StarBlade]

"They were both fit, they were left out for financial reasons," he (Wilson) told BBC Radio Sheffield.

"..I’m sure this move (Cresswell, the new coach) alone will dispel the silly myth about not selecting players for financial reasons.” - KM

 

[Bladesman]

Vanilla does that mean the club is flooded with ice cream?

 

[mpjacko]

"and the shape of the squad I reckon is both the best in League One and the most expensive"

I see KM is still delusional. If he means "the most expensive" by referring to the wages they are on then yes he is right but in terms of their resale value, he is having a laugh

 

[oldblade]

"They were both fit, they were left out for financial reasons," he (Wilson) told BBC Radio Sheffield.

"..I’m sure this move (Cresswell, the new coach) alone will dispel the silly myth about not selecting players for financial reasons.” - KM

Neither of those statements shows either of them to be a liar. There are any number of reasons why Wilson may have believed he couldn't play those players for financial reasons, and why McCabe says he could. Neither man has to be a liar, except in the eyes of people on football forums who are determined to find fault.

 

[God]

Vanilla is a term to describe something which is ordinary. In financial markets a plain vanilla derivative would be something which is very common. Presumably a plain vanilla football club is one without a property arm or foreign interests.

Not Aston Vanilla then??????