nervous or excited

[creswellblade79]

ive just been doing some reading up on our dearly beloved chairman and a few other things were the blades are concerned. now i dont follow the ins and outs of McCabe earnings/debts and if im honest i dont fully understand it all but the things im concerned about are kevs selling off the hungarian team fevern and the selling of the chengdu blades,the cutting of 2 directors today, him stepping down has chairman. now first off all i thought it could be down to cutbacks has the last i knew we were roughly 20 mil in debt with a high wage bill with 15 mil of it being owed to santander. i assumed the 18 mil the blades were getting from west ham would pay that off and things wouldnt be so bad. so its got me thinking what is kev upto and are the fans to be worried or excited has far has all this wheeling and dealing his concerned ? his he cutting back because he wants out off footie or is he cutting back too help united

 

[parisblade]

I think its probably a bit of both. He wants out (he's said that for some time now) AT the right time and he's cutting costs from SUFC to make us a more attractive proposition for investment.

 

[SteelCity Blade]

As parisblade says it is possibly both or maybe even down to a number of reasons. It does seem interesting that a lot of this is happening as we search for a new manager.

We could potentially be in situation where we want the right man, so will have to pay compo and offer him a budget of sorts to manouvre in the January window. Some of these other dealings might be to facilitate that.....who knows????

 

[Tuns]

McCabe thought he could develop his own business interests particularly international property and contacts etc alongside developing United.

Everyone was going to be a winner.

Then it went tits up and now what's left of the asset pie is being divided up. The justifiable question to ask (as we don't really have an answer yet we understand/trust) is who is benefiting most from the financial maneuvring behind the scenes and has any of it been done to secure significant funds for the next manager in January.

 

[Micalijo]

Tuns - i think it is safe to say that getting Santander wedge and using £4m of it to pay off some hotel debt was not designed to free up funds for any meaningful improvement in playing staff in January.

---------- Post added at 06:04 PM ---------- Previous post was at 06:02 PM ----------

I think its probably a bit of both. He wants out (he's said that for some time now) AT the right time and he's cutting costs from SUFC to make us a more attractive proposition for investment.

I suppose a debt free third tier football club is more realistic way of getting investment than a second tier club saddled with big debt but I don't see any attraction in it at all.