Press conference this morning

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Droppingwell

Droppingwell

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I understand there was a press meeting at the lane with the Prince and McCabe attending. What new info was made available on the takeover?. Does anyone have any details.
 



He said as long as we didn't take the lead against Rotherham and then fuck up spectacularly he'd be funding us all the way to the top....
 
If he was there today i bet he was thinking oh my god what have i let myself in for.
 
kept it to their self so why did he not end up spending the cash strange.
 
Whilst HRH is supposedly splashing some of this "significant" investment on a striker or two, would he mind also laying out a few bob on some defenders as well?

That display in the second half this afternoon was nothing short of attrocious
 
broomhillblade said:
This should be of interest:

http://www.dailymail.co.uk/sport/football/article-2415071/Saudi-Arabian- prince-Abdullah-bin-Mosaad-explains-bought-Sheffield-United.html
Click to expand...

Not really sure I am any wiser about him.

Firstly, it seems we're just a small cog in a big wheel in his fantasy lifestyle, we could have been anyone, if it wasn't Cardiff, it was Leeds, or Rangers, but he ended up with us because those deals went a bit off. Secondly, this whole waiting to announce it after the closing of the window may have had some legitimacy if we'd actually gone and bought some decent players on the sly. The fact that we didn't means that he's either a) switched on in which case he'll understand our slide and ways to halt it, or b) not as wealthy as we all hope.

I just don't understand the lack of investment when it could have been done before the window closed. If we're running scared of getting ripped off by L1 and Championship clubs, I'm not sure how we'd ever make the step up in the near/mid-future to a higher level.
 
Transfer plans are seldom straightforward, I´ve seen on here that there was some Coventry players that you wanted but it never worked out did it?
As for "splashing the cash" I´m fairly sure that someone have been assuring the prince that the team just needed minor adjustments to become a contender..Especially if they was worried about their own job at the club.
 



Kev Gee said:
We couldnt spend shitloads anyway due to salary caps.
Click to expand...


We can't spend beyond the percentage allowed, but if the percentage becomes a higher figure, we can spend more than if we still had less money :)
 
StarBlade said:
Not really sure I am any wiser about him.

Firstly, it seems we're just a small cog in a big wheel in his fantasy lifestyle, we could have been anyone, if it wasn't Cardiff, it was Leeds, or Rangers, but he ended up with us because those deals went a bit off. Secondly, this whole waiting to announce it after the closing of the window may have had some legitimacy if we'd actually gone and bought some decent players on the sly. The fact that we didn't means that he's either a) switched on in which case he'll understand our slide and ways to halt it, or b) not as wealthy as we all hope.

I just don't understand the lack of investment when it could have been done before the window closed. If we're running scared of getting ripped off by L1 and Championship clubs, I'm not sure how we'd ever make the step up in the near/mid-future to a higher level.
Click to expand...


Exactly the bit about money was available before the window shut is a load of bollox or we'd have signed a striker, does he suddenly think clubs will forget this come January? I suspect as per all the bluster Mcabe ever spouts 'Europe 5 years' 'never getting promotion again, we're here to stay' ' Beattie has a cold' etc it's over exaggerated. I suspect the Prince has said he'll put a couple of million in tops. I await been proved wrong.
 
Foxy said:
We can't spend beyond the percentage allowed, but if the percentage becomes a higher figure, we can spend more than if we still had less money :)
Click to expand...


I was under the impression that any incoming moneys (apart from transfer fees) would be put in for next seasons salary percentages.
So say we had a new sponsorship (Man City style). This would be included in next seasons figures.
 
Kev Gee said:
I was under the impression that any incoming moneys (apart from transfer fees) would be put in for next seasons salary percentages.
So say we had a new sponsorship (Man City style). This would be included in next seasons figures.
Click to expand...


I thought you could adjust your budget at anytime? The money is called investment so I don't see why you couldn't include that as income.
 
LS26BLADE said:
Exactly the bit about money was available before the window shut is a load of bollox or we'd have signed a striker, does he suddenly think clubs will forget this come January? I suspect as per all the bluster Mcabe ever spouts 'Europe 5 years' 'never getting promotion again, we're here to stay' ' Beattie has a cold' etc it's over exaggerated. I suspect the Prince has said he'll put a couple of million in tops. I await been proved wrong.
Click to expand...


Do you think that McCabe wrote off his debts and sold 50% of his club for £1 to allow someone to come in and invest ' a couple of million'
 
Kev Gee said:
I was under the impression that any incoming moneys (apart from transfer fees) would be put in for next seasons salary percentages.
So say we had a new sponsorship (Man City style). This would be included in next seasons figures.
Click to expand...


The figures aren't set for a season, they are "predicted" at the start of the season and must be realistic. They are monitored throughout the season and can obviously change as turnover changes. If we spend over 60% of turnover, we get an embargo.
 
sheffielder said:
Do you think that McCabe wrote off his debts and sold 50% of his club for £1 to allow someone to come in and invest ' a couple of million'
Click to expand...


I don't know but neither do you all remains to be seen, as I said, I genuinely can't fathom if investment was available why we couldn't sign a striker. Mcabe has said many things over the past 7 years. IF we spend loads of cash and IF we fly up the leagues as a result of this he deserves credit. By the same token he must also take the criticism for getting us here in the first place IMO.
 
There´s always the possibility of frontloading a sponsorship deal I guess, many clubs do..Like how Arsenal did with the Emirates stadium deal to get the cash directly.
It means more lean years afterwards of course.
 
LS26BLADE said:
I don't know but neither do you all remains to be seen, as I said, I genuinely can't fathom if investment was available why we couldn't sign a striker. Mcabe has said many things over the past 7 years. IF we spend loads of cash and IF we fly up the leagues as a result of this he deserves credit. By the same token he must also take the criticism for getting us here in the first place IMO.
Click to expand...


I don't think the investment was due to be announced until after the window was shut. If you remember, we bought Baxter before the announcement was made and we might have made a few more. I am guessing that because 'the game changer' was announced the teams changed their game too.
 
sheffielder said:
Do you think that McCabe wrote off his debts and sold 50% of his club for £1 to allow someone to come in and invest ' a couple of million'
Click to expand...

Has KM written off the debt to the FC? I've heard it mentioned, insisted even. But then, if it was so easy to do, why do it and then sell 50% of a debt-free club for nothing, especially considering the setup we have.

I know this question is always mocked, as KM usually owes KM money therefore irrelevant, but with a new investor owning 50% of the FC or PLC (I think Blades Leisure, which is just the FC), can we be sure that our club and ground haven't taken a 50% step away from each other?
 
StarBlade said:
Has KM written off the debt to the FC? I've heard it mentioned, insisted even. But then, if it was so easy to do, why do it and then sell 50% of a debt-free club for nothing, especially considering the setup we have.

I know this question is always mocked, as KM usually owes KM money therefore irrelevant, but with a new investor owning 50% of the FC or PLC (I think Blades Leisure, which is just the FC), can we be sure that our club and ground haven't taken a 50% step away from each other?
Click to expand...


From what I have been told and understand, the ground and training facilities are now in the PLC and the prince has invested in just the football club. It would be insane for McCabe to give away half of ground etc; for a pound. Nobody in their right mind would expect KM to do that?

Now the investment is here, you can see why he did it?
 
StarBlade said:
Has KM written off the debt to the FC? I've heard it mentioned, insisted even. But then, if it was so easy to do, why do it and then sell 50% of a debt-free club for nothing, especially considering the setup we have.
Click to expand...

KM said yesterday that the debt to the family has now been written off. The Prince was keen to invest in a club without debt and handily, as ours was pretty much all to the family - we could provide that.

I would assume part of the agreement and commitment to the football side on KM's part was this gesture.

StarBlade said:
I know this question is always mocked, as KM usually owes KM money therefore irrelevant, but with a new investor owning 50% of the FC or PLC (I think Blades Leisure, which is just the FC), can we be sure that our club and ground haven't taken a 50% step away from each other?
Click to expand...


The investment is in the football club, meaning that the other assets are "secure" with the PLC (the McCabe's) and the Prices money can go purely into the football side.

On the face of it, despite the grief he got, it looks like Kevin McCabe made the right moves in this case, but as ever, we'll see what happens going forwards.
 



sheffielder said:
From what I have been told and understand, the ground and training facilities are now in the PLC and the prince has invested in just the football club. It would be insane for McCabe to give away half of ground etc; for a pound. Nobody in their right mind would expect KM to do that?

Now the investment is here, you can see why he did it?
Click to expand...

Sure I can. I'm cynical though as I feel and always will feel that there's more to any club than the players, I think the ground is the family home. Separating ground and club have always been no-no's for me, for any club. Before, the owner of the ground also owned the club therefore securely tied together. Not anymore; the owner of the ground only part-owns the club. If new investment in the FC happens in future, then the club and ground could be entirely separate.
 
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