Scott & Simon McCabe stepping down

[Sean Thornton]

This is slightly worrying, but explains McCabe's comment about investment in January (which seemed incongruous at the time).

It sounds like McCabe's stepping back in terms of running the club. I'm guessing had he got what he wanted (Chinese investment) this would not be the case. There could be interesting times ahead. I'm not sure these new investors and Wilder will be on the same page. We can only really wait and see.

What new investors? Are you referring to the share issues in June? The paperwork doesn't show who these were alloted too.

 

[LoughboroBlade]

It was reassuring when the Prince came on board that he and his representatives were very clear on what they would invest in, and that they wouldn't be making significant structural changes to the club. At no point have I been concerned that we're going to have a Vincent Tan-esque mad change to something we hold dear, or a Cellino-esque trigger-happy approach to the managers, or that we're going to move from the Lane.

You look at so many other clubs where that level of relative predictability that we currently enjoy just isn't there, and to lose that would be extremely disconcerting.

 

[Blade58]

This is slightly worrying, but explains McCabe's comment about investment in January (which seemed incongruous at the time).

It sounds like McCabe's stepping back in terms of running the club. I'm guessing had he got what he wanted (Chinese investment) this would not be the case. There could be interesting times ahead. I'm not sure these new investors and Wilder will be on the same page. We can only really wait and see.

The Prince has had plenty of time to understand the workings and running of a football club in particular our football club

He must surely understand therefore what can be meddled with and what shouldn't be meddled with

CW has made it absolutely crystal clear the red lines between his and the boards responsibilities and the day the board cross those lines he walks

 

[Blade58]

It was reassuring when the Prince came on board that he and his representatives were very clear on what they would invest in, and that they wouldn't be making significant structural changes to the club. At no point have I been concerned that we're going to have a Vincent Tan-esque mad change to something we hold dear, or a Cellino-esque trigger-happy approach to the managers, or that we're going to move from the Lane.

You look at so many other clubs where that level of relative predictability that we currently enjoy just isn't there, and to lose that would be extremely disconcerting.

That may very well change tho should the Prince ever become lock, stock and barrel owner (just playing devils advocate)

 

[Gerritforud]

I'm well aware of Saudi Arabia's poor record on both issues. I'm not quite sure that runs as a direct line of responsibility to our co-owner.

Do try and keep up.... The Prince is a member of the Saudi royal family. "The politics of Saudi Arabia takes place in the context of an absolute monarchy with some Islamic lines, where the King is both the head of state and government. Decisions are, to a large extent, made on the basis of consultation among the senior princes of the royal family and the religious establishment."

 

[LoughboroBlade]

Do try and keep up.... The Prince is a member of the Saudi royal family. "The politics of Saudi Arabia takes place in the context of an absolute monarchy with some Islamic lines, where the King is both the head of state and government. Decisions are, to a large extent, made on the basis of consultation among the senior princes of the royal family and the religious establishment."

You're not telling me anything I haven't known about for quite some time. But perhaps you'd like to reread your own words:

"Decisions are, to a large extent, made on the basis of consultation among the senior princes of the royal family and the religious establishment"

The Prince is neither a senior prince, nor a decision maker in the religious establishment. His only role ever involved in the Saudi administration's government is as the general president of youth welfare (their equivalent of Sports Minister). If you'd like to have a look at his time in that particular role and come back to me with where he was responsible for decisions to stone women or fund terrorism, I'll look forward to your reply.

 

[Harry's Game]

PSG

Pitsmoor Spouting Guff?

 

[ucandomagic]

Kevin McCabe hasn't been a director of the football club for while.

Your comments on the share allotment are correct.

Does the fact that they created 5 million new shares suggest that Kevin and the Prince are both keeping their shares and creating new shares for new investors? If Kevin was selling his shares there wouldn't need to be a new allotment would there?

 

[Snowman]

You're not telling me anything I haven't known about for quite some time. But perhaps you'd like to reread your own words:

"Decisions are, to a large extent, made on the basis of consultation among the senior princes of the royal family and the religious establishment"

The Prince is neither a senior prince, nor a decision maker in the religious establishment. His only role ever involved in the Saudi administration's government is as the general president of youth welfare (their equivalent of Sports Minister). If you'd like to have a look at his time in that particular role and come back to me with where he was responsible for decisions to stone women or fund terrorism, I'll look forward to your reply.

I thought the point you made was so self evident as to not warrant the bother. But that's about the size of it.

 

[Harry's Game]

The sooner the Saudi connection is removed the better. MaCabe was behind bringing them on board so hope they both go and are replaced by ambitious owners that don't stone women and back terrorism.

Why don't you post this on twitter under #sheffield united owners/supporters/players are a disgrace.

I guarantee it will get 100 + likes and retweets.

 

[The Crab]

I reckon we can make 100 pages if we post enough boobs.

She shouldn't be running, and should be holding onto that handrail.

That is absolutely the only thing I noticed about that clip.

 

[Pinchy]

And he's rolling the desso up as we speak

 

[Flatulent_Bob]

She shouldn't be running, and should be holding onto that handrail.

That is absolutely the only thing I noticed about that clip.

You missed her technique, her knees should be coming up higher and her arms are loose, not driving her through each step.

 

[Pinchy]

View attachment 30534 surely a photofit!

Is he bald, though??

 

[LoughboroBlade]

View attachment 30534 surely a photofit!

Is this an MS Paint creation or his actual photo?

 

[Pollingtonblade]

They do this every few months nothing to see here to be honest.

 

[GRUMPY BLADE]

Is he bald, though??

Bet she is.

Oops, he

 

[JohnStreet]

Taking a step back, does anyone know what Scott and Simon actually did?

I should think they helped represent their Dad when he couldn't be around. However I guess they have got other business interests too, which might mean they can't commit the time they would like to the club?

Perhaps it's the above or just that the Prince wants his share of the 50% of the involvement and didn't feel he was getting that.

A clearer statement from McCabe for why they are stepping down would be useful.

 

[Sean Thornton]

Does the fact that they created 5 million new shares suggest that Kevin and the Prince are both keeping their shares and creating new shares for new investors? If Kevin was selling his shares there wouldn't need to be a new allotment would there?

They've been allotted and paid for. Presumably, but the paperwork doesn't show, to the owners ( or one of them ?).

From the timing, the last day of the financial year, it could be the losses being covered. Time will tell.

 

[Pinchy]

We will need the McCabes' influence going forward, that's for sure.

Whatever KM's shortcomings and whatever the crazies say, sensible people know that he loves the club as much as we do and continues to safeguard our future. Unlike many players of Junior Computer Businessman on here he wouldn't simply sell to the highest bidder.

 

[Dellas Cowboys]

Taking a step back, does anyone know what Scott and Simon actually did?

I should think they helped represent their Dad when he couldn't be around. However I guess they have got other business interests too, which might mean they can't commit the time they would like to the club?

Perhaps it's the above or just that the Prince wants his share of the 50% of the involvement and didn't feel he was getting that.

A clearer statement from McCabe for why they are stepping down would be useful.

Simon McCabe is a surveyor with over 16 years’ experience within the property industry. Simon heads up the Group’s property development and investment business throughout the UK. He is also Director of Sheffield United Football Club. Prior to joining Scarborough Group, Simon spent a number of years working for a private quantity surveying firm, a national development company and had a short stint as a professional footballer. Simon has excellent knowledge of the property market and leisure industry, and is a key member to the strategic team for future Group strategies and forward planning.

Scott has worked for Scarborough Group since the mid 1990s with a core focus on the property services and leisure sectors of the Group and until recently, headed up the Forsyth business, a leading UK wide serviced office provider, that was sold to Regus plc in the early part of 2014. He is also responsible for the management and coordination of the Group's property interests at Sheffield United, including a four star 158 bedroom hotel where he works closely with the Singaporean operator, Millennium and Copthorne Hotels. Scott sits on the Board of SUFC overseeing the Group's interests within the Club and more recently, working in tandem with our new Saudi Arabian partner. He also plays a lead role in sourcing and building relationships with key sponsor partners at the Club. Scott sits on the board of Vsoftco, a software development company that provides content and virtual games principally for the gaming sector. The business is headquartered on a technology park in Malaga, Spain and currently has a global footprint with contracts across Europe, Africa and the Americas. Scott represents the Group's interest in Canada where we have a joint venture with a Canadian organisation, namely Agellan Partners, investing in small office/light industrial assets in the Greater Toronto Area.

 

[I should coco]

If Carling did mergers and acquisitions..

...then they would taste like piss.

Carlsberg might also be knobbed off about all that money they wasted on slogans.

 

[Bert]

Do try and keep up.... The Prince is a member of the Saudi royal family. "The politics of Saudi Arabia takes place in the context of an absolute monarchy with some Islamic lines, where the King is both the head of state and government. Decisions are, to a large extent, made on the basis of consultation among the senior princes of the royal family and the religious establishment."

From Wikipedia...

The family is estimated to comprise 15,000 members, but the majority of the power and wealth is possessed by a group of only about 2,000.[6][7]

So our Prince is running the country is he?

 

[Gerritforud]

You're not telling me anything I haven't known about for quite some time. But perhaps you'd like to reread your own words:

"Decisions are, to a large extent, made on the basis of consultation among the senior princes of the royal family and the religious establishment"

The Prince is neither a senior prince, nor a decision maker in the religious establishment. His only role ever involved in the Saudi administration's government is as the general president of youth welfare (their equivalent of Sports Minister). If you'd like to have a look at his time in that particular role and come back to me with where he was responsible for decisions to stone women or fund terrorism, I'll look forward to your reply.

He is part of the the royal family and therefore the government. Paint it up however you like if it consoles you but the fact remains.
General president of youth welfare... in a state that publicly stones children.

 

[LoughboroBlade]

He is part of the the royal family and therefore the government.

It really isn't that simple, but if that's your belief on the matter there's very little point having any further discussion about it.

 

[LoughboroBlade]

So our Prince is running the country is he?

His paper-producing business has directly led to a number of paper-cut injuries. He's a monster.

 

[Grappler]

Could it be that both sides (McCabe family and The Prince) have brought in their own people to make sure both sides get a good deal when they sell the club to the Chinese?

 

[FATTYFOULKE]

He is part of the the royal family and therefore the government. Paint it up however you like if it consoles you but the fact remains.
General president of youth welfare... in a state that publicly stones children.

You seem to blaming him for having the misfortune to be born a Saudi Prince?
You live in Retford, all horrible people I'm told directly responsible for the ill treatment of the less fortunate in society.
You should be ashamed.

 

[Gerritforud]

You seem to blaming him for having the misfortune to be born a Saudi Prince?
You live in Retford, all horrible people I'm told directly responsible for the ill treatment of the less fortunate in society.
You should be ashamed.

No public stonings in Retford market square last time I looked me owd.

 

[Sean Thornton]

No public stonings in Retford market square last time I looked me owd.

All stoned though.