Ownership update !

[Fraggle Blade]

On the one hand his mate, Tareq Hawasli (also a director of our club), runs this Private Equity real estate company Darin Partners so we need to be wary.

On the other hand it is set up to attract Middle Eastern rich people to invest in UK real estate. It’s starting small, £200M in the first tranche and the Prince will be one of many investors. I would think a football ground in South Yorkshire is about bottom of their list of Uk property in which to invest. You could argue rent would go up with EPL promotion but I doubt this is their targeted area.

I would be very concerned if a private equity property company owned our ground. They wouldn’t give a fuck who they sold it to.

If the Prince buys the Lane, I would think it has to be a personal purchase. And it makes sense to keep the package of ground and club together. If he doesn’t buy I’m not sure how long Kevin would keep it or to whom he would eventually sell to.

Maybe that's why McCabe isn't happy, he might be wanting to retire from ownership.....Prince isn't interested in buying the ground etc from him, so that would leave McCabe still stuck with the ground and property assets, but with him wanting everything to be the one package under one future ownership.

 

[Sean Thornton]

When someone asked how much money the Prince had put in McCabe said that it wasn't right to quote specific numbers.....but for the first 3 years, the Prince and McCabe had shared the finance equally......he didn't say who had funded the last two years losses.
The Prince was away in his government post for 3 years and has only been back in the boardroom personally since I think McCabe said April 2017 after his role had completed. I don't know exactly what ppl are expecting the Prince to come out and say?

That's an odd statement as the figures to June 17 are known. £17m in share capital and a repayable loan of £3m if I remember correctly.

 

[Woodwardfan]

Yes and its in very short supply (pardon the pun). Look at our nearest and dearest up the road, 52k every week, massive stadium and all the ingredients for top flight success, you would think, bar good stewardship. Ashley is a law unto himself and whilst he has got the black and whites onto a sound financial footing the club is not run well and success has not followed them either.

However the likes of Bournemouth, Leicester (via administration) and Burnley are all prospering ie none about to go tits up.

Burnley has never got above their station. They have gone up and down a couple of times but never prostituted their club for an instant PL fix. Their fans stuck by them, they have a no nonsense unfashionable British manager and they are surely a model club for the likes of SAFC to follow - IMHO.

Agree apart from re Leicester- they did go 'tits up'. Not that it worked against 'em.

 

[FATTYFOULKE]

This Bramall Lane/valuable land thing is a fallacy. A plot that size is probably worth about £10m on the open market. Then what, build another hotel or some student flats on it? Prime real estate for housing it aint. The return would be chicken feed for someone of the Prince's stature, he wouldn't be arsed with that.

Worth about £10m equals roughly approx 10% of the Prince’s reported net worth. Take not account the millions he’s supposedly pumped in so far and £10m return on the Bramall Lane site might seem attractive if he’s wanting to cut his losses.

He couldn’t care less what’s done with the land. Most likely anybody in his situation would be looking to make what he can from a faIled business venture.

 

[snootyfenooty]

Worth about £10m equals roughly approx 10% of the Prince’s reported net worth. Take not account the millions he’s supposedly pumped in so far and £10m return on the Bramall Lane site might seem attractive if he’s wanting to cut his losses.

He couldn’t care less what’s done with the land. Most likely anybody in his situation would be looking to make what he can from a faIled business venture.

Don't believe the things you read about his net worth, he's hardly likely to disclose the loot he's got stashed away in Swiss Banks. Anyway, back to topic.

It's not his to sell at the moment. It would cost him that to buy it, plus the stuff that's built on it. Then he could sell it. But before he pocketed the £10m plus his share of the proceeds for redeveloping the ground, there is the small matter of £100m to build us a new ground somewhere.

It's not going to happen, he's not going to risk his fortune on a shitty part of Sheffield. Wise up ffs.

 

[Sean Thornton]

This Bramall Lane/valuable land thing is a fallacy. A plot that size is probably worth about £10m on the open market. Then what, build another hotel or some student flats on it? Prime real estate for housing it aint. The return would be chicken feed for someone of the Prince's stature, he wouldn't be arsed with that.

Then there's the cost of clearing the site.

I can't see many people snapping up six bedroomes with paddock unless being close to Go Outdoors is a must.

 

[snootyfenooty]

Then there's the cost of clearing the site.

I can't see many people snapping up six bedroomes with paddock unless being close to Go Outdoors is a must.

And the mosque.....

 

[FATTYFOULKE]

Don't believe the things you read about his net worth, he's hardly likely to disclose the loot he's got stashed away in Swiss Banks. Anyway, back to topic.

It's not his to sell at the moment. It would cost him that to buy it, plus the stuff that's built on it. Then he could sell it. But before he pocketed the £10m plus his share of the proceeds for redeveloping the ground, there is the small matter of £100m to build us a new ground somewhere.

It's not going to happen, he's not going to risk his fortune on a shitty part of Sheffield. Wise up ffs.

Wise up ???

What makes you think he’d feel obliged to spend £100m on building us a new ground?

 

[super_pig]

There were certainly a few of the "older" shareholders muttering about wanting no "foreigners" in our club.

yeah lets have more French second division players.. like ..err. Sunderland..

 

[snootyfenooty]

Wise up ???

What makes you think he’d feel obliged to spend £100m on building us a new ground?

So you think he'd go to the trouble of closing the club down, demolishing the ground and replacing it with student flats or a retail park so he could clear what, £10m perhaps. Aside from the fantasy of that, if he ever presented this as a plan, he would never get planning permission. It's a non-starter.

 

[Booker4]

We are going down. Its not even a question and hasnt been for a while now. The club has gone, the players have gone and its all over bar the mathematics of it. Not only that but you will find few SAFC fans who will argue with us going down. We've been shite all season, have not coped with the Football League and we will now take our medicine and be punished.

It takes a certain type of team to get out of this division and whilst the division may not be pretty and the players may not be well known - they are all at least one thing - grafters - something that SAFC yearns for. We have a set of bottling, soft as shite, premier league wannabees and piss heads. We've been over run and taught a lesson.

We're down as the bottom team and club. The icing on the cake will be losing at home to Burton Albion.

All the best in your attempts to bounce back if Sunderland do go down. It may well be an opportunity ro build again, hopefully bounce back having bled the younger pro's coming through. It took us 6 years but when we go promoted we've took the momentum with us and had enough quality to compete with the league.

 

[Keen Blade]

Someone asked about why the Prince had bought the Belgian club.......an answer wasn't forthcoming, but it was interesting to note that the Prince had asked McCabe to be involved with that project, but he had flatly refused. A sharp turn for McCabe who liked to get involved with this sort of thing previously.

Kevin is 70 and wants out of ownership of the Lane so he is hardly going to put money into yet another footy club !

 

[Fraggle Blade]

yeah lets have more French second division players.. like ..err. Sunderland..

It was aimed more at the ownership issue than players.

 

[McGrath]

Does any one have ideas when this ownership fiasco might be resolved?

 

[Snowman]

Does any one have ideas when this ownership fiasco might be resolved?

 

[Sean Thornton]

Does any one have ideas when this ownership fiasco might be resolved?

No, but lawyers won't be interested on moving it along quickly. In the increasingly unlikely scenario we get promoted, if this is still going on, how will we be able to give Wilder the budget he will need? The timing of this is very odd, unless the breakdown in relationship is worse than we may be led to believe.

 

[Bladesthorpe]

Does any one have ideas when this ownership fiasco might be resolved?

He said in the meeting yesterday they will be having a face to face meeting in the next few weeks.

 

[South Bucks]

On the one hand his mate, Tareq Hawasli (also a director of our club), runs this Private Equity real estate company Darin Partners so we need to be wary.

On the other hand it is set up to attract Middle Eastern rich people to invest in UK real estate. It’s starting small, £200M in the first tranche and the Prince will be one of many investors. I would think a football ground in South Yorkshire is about bottom of their list of Uk property in which to invest. You could argue rent would go up with EPL promotion but I doubt this is their targeted area.

I would be very concerned if a private equity property company owned our ground. They wouldn’t give a fuck who they sold it to.

If the Prince buys the Lane, I would think it has to be a personal purchase. And it makes sense to keep the package of ground and club together. If he doesn’t buy I’m not sure how long Kevin would keep it or to whom he would eventually sell to.

Interesting, I live near one of their alleged recent acquisitions, a previous Renault Nissan office complex near the M25 in NW london near Maple Cross. Middle of nowhere, sparsely populated (one of the biggest sewage plants in NW london is half a mile away) and not so sexy. Its a bit like Tinsley on a dull day and makes anything in central Sheff look relatively exciting.

 

[Sean Thornton]

Interesting, I live near one of their alleged recent acquisitions, a previous Renault Nissan office complex near the M25 in NW london near Maple Cross. Middle of nowhere, sparsely populated (one of the biggest sewage plants in NW london is half a mile away) and not so sexy. Its a bit like Tinsley on a dull day and makes anything in central Sheff look relatively exciting.

Don't Darin generally act as investment advisors and property managers?

 

[UnitedBlade]

Interesting, I live near one of their alleged recent acquisitions, a previous Renault Nissan office complex near the M25 in NW london near Maple Cross. Middle of nowhere, sparsely populated (one of the biggest sewage plants in NW london is half a mile away) and not so sexy. Its a bit like Tinsley on a dull day and makes anything in central Sheff look relatively exciting.

Yes, but I think you’ve given the clues, commercial property near the M25 on the Heathrow side and employees can live, like yourself , in glorious South Bucks or Hertfordshire!

They can make money out of that and that is all they are interested in.

 

[Sean Thornton]

Yes, but I think you’ve given the clues, commercial property near the M25 on the Heathrow side and employees can live, like yourself , in glorious South Bucks or Hertfordshire!

They can make money out of that and that is all they are interested in.

They bought that for a private investor a Property Week article claims.

 

[UnitedBlade]

They bought that for a private investor a Property Week article claims.

Yes, just seen that - probably just doing the execution on behalf of an investor. It may be distinct from their own private equity fund. For god’s sake don’t start the rumour that it was for the Prince from the money he was going to spend on United.

Interestingly, the Prince has joined their Board as well as investing. If they get it right, he could be rubbing shoulders with some others from the Middle East who really do have some money .

Prince in.

 

[Cerberus Blade]

He said in the meeting yesterday they will be having a face to face meeting in the next few weeks.

He’s downloading Skype apparently.

 

[Sean Thornton]

Yes, just seen that - probably just doing the execution on behalf of an investor. It may be distinct from their own private equity fund. For god’s sake don’t start the rumour that it was for the Prince from the money he was going to spend on United.

Interestingly, the Prince has joined their Board as well as investing. If they get it right, he could be rubbing shoulders with some others from the Middle East who really do have some money .

Prince in.

Existing money tree




New Money tree

 

[Worksop II]

Does any one have ideas when this ownership fiasco might be resolved?

He said in the meeting yesterday they will be having a face to face meeting in the next few weeks.

Pistols at Dawn, on the Desso .... I'd buy a ticket for that

 

[Blade58]

Pistols at Dawn, on the Desso .... I'd buy a ticket for that

ha ha. I bet Kev pulls the trigger before they get to the customary count of 3

 

[yorkshirecoast]

He said in the meeting yesterday they will be having a face to face meeting in the next few weeks.

They need to get a move on and get it sorted. F’kin useless - both of them.

 

[Worksop II]

They need to get a move on and get it sorted. F’kin useless - both of them.

I think this ought to be the message from the fans to em both

 

[west_yorks_blade]

I’m going to run on the pitch, nick the corner flag and then throw coins at them.

Let’s teach them a lesson.

 

[Sean Thornton]

I’m going to run on the pitch, nick the corner flag and then throw coins at them.

Let’s teach them a lesson.

Bloody hell, that's the new investment plan....