Sheffield Telegraph Article 21/7/12

[axel smeets]

Apologies if this has been posted elsewhere but I have looked and can't seem to find it.

http://www.sheffieldtelegraph.co.uk...lc-takes-ownership-of-football-club-1-4763744

 

[raul]

Phew, "the expert" says it's all ok.

 

[axel smeets]

Clear as mud, innit?

 

[TarquinDelouche]

Disgusting little piggies just can't wait to make their squeals heard at the end of that article. Fucking gypos.

 

[louthblade]

But is the unnamed, for business reasons, AP?

 

[axel smeets]

Disgusting little piggies just can't wait to make their squeals heard at the end of that article. Fucking gypos.

One reason why I also boycott the electronic version of that swine rag. Fuck faced fuckers the lot of em.

 

[alcoblade]

Disgusting little piggies just can't wait to make their squeals heard at the end of that article. Fucking gypos.

It's the same in The Star online articles. It's a nice barometer of how living in our shadow for a decade has bothered them. We have to give them their day in the second division sun.

UTB

 

[gavtheblade]

something concerns me about all this.
its a bit fishy all this uncertainty,it doesnt feel right.

 

[StarBlade]

"Blades ease fans' fears..." "..United have yet to comment"

It doesn't make clear why splitting the Club & Ground makes investment more attractive. .

By removing Bramall Lane from the operating company’s control and handing it to United’s holding company, parties wishing to invest in United can do so knowing their funds will be used purely to improve team performance

..reading that, I realise I'll never be an accountant. Surely, surely, an investor is not going to give KM money to invest on their behalf in the playing side. They are going to give KM money to clear off and never return, and then do what they want with what they have left?

Excellent article, I'm so reassured that I think everything is now much much better than it was before.

 

[Wapping Blade]

"Blades ease fans' fears..." "..United have yet to comment"

It doesn't make clear why splitting the Club & Ground makes investment more attractive. .

By removing Bramall Lane from the operating company’s control and handing it to United’s holding company, parties wishing to invest in United can do so knowing their funds will be used purely to improve team performance

..reading that, I realise I'll never be an accountant. Surely, surely, an investor is not going to give KM money to invest on their behalf in the playing side. They are going to give KM money to clear off and never return, and then do what they want with what they have left?

Excellent article, I'm so reassured that I think everything is now much much better than it was before.

Or maybe if you're an investor, you put £xM into the team in return for £smallM if we get promoted and £hugeM if we get to the Premiership.

 

[mpjacko]

But is the unnamed, for business reasons, AP?

In other words, they have spoken to no-one, have no evidence or quotes and have decided to make something up

 

[Tuns]

There are several football finance experts who make themselves available to the media some of which are connected to university departments. They are often quoted.

It is not difficult for a journalist to talk to these people and these people will not hide behind anonymity on an issues such as this.

It could well be that what this anonymous expert says is correct and will be backed up but what a bizarre way to write an article on this topic.

I can understand anonymous sources being used in some contexts and some questions but not this one.

Why KM can't open himself up to media/fans on this one is just stirring things up - perhaps needlessly.

 

[StarBlade]

Or maybe if you're an investor, you put £xM into the team in return for £smallM if we get promoted and £hugeM if we get to the Premiership.

Maybe that's the vision, which hasn't been explained at all by KM. I have my doubts about how easy it would be to get us to the Prem, even more so with the new turnover rules, and I have my doubts about how an investor would feel knowing that the ground is essentially in the hands of a property developer who has made it clear that BDTBL is to be used to supplement a failed investment.

 

[Wapping Blade]

I'm not sure that rational thinking is a pre-requisite for investment, more like a challenge to people's egos that they could make it happen...

 

[Latters]

Now that the ground is owned by the plc, does this remove any turnover from its use, such as letting the Eagles use it or the use of its hospitality facilities, from the football club, thus reducing our allowable wage budget for this season?

 

[Balham]

Now that the ground is owned by the plc, does this remove any turnover from its use, such as letting the Eagles use it or the use of its hospitality facilities, from the football club, thus reducing our allowable wage budget for this season?

Possibly but the depreciation, maintenance and mortgage interest payments (from the redevelopments) will now be charged to the plc rather than the FC so I'd guess that there may even be a bottom line benefit to the FC side.

 

[Latters]

Possibly but the depreciation, maintenance and mortgage interest payments (from the redevelopments) will now be charged to the plc rather than the FC so I'd guess that there may even be a bottom line benefit to the FC side.

Don't the new rules refer to turnover and not profit, rendering costs irrelevant?