Sheffield United Ltd Accounts

[Sean Thornton]

Genuine question, if it's 'NOT the football side, it's the old plc which owns the ground etc.', what relevance does it have? We aren't the only team playing in a rented stadium so unless they have a major hike in price, how does that impact us?

Sounds to me, and I'll admit to having no fucking clue about accounts, that it's just Sheffield United A taking a hit for Sheffield United B, who'll be moving cash around to keep us afloat.

If I'm talking crap, please explain why as you would to a 14 year old because that's about the level and interest I have in company accounts. I just want to know if we're in the shit.

Pretty much it's McCabe that's in the shit. I've no idea about Scarboroughs latest results but - as you say - the old Pkc loses money every year and will continue to do so as things stand. It's effectively written off £4million of its investment in Blades Leisure Ltd I believe.

I expect BL/Football club to have lost money and McCabe has already said this after his "£4m each" which hints at losses of up to £8m there again but we'll have to wait and see.

Also, contrary to the "he's nicked the hotel" or "he bought the hotel for a quid and left us with the debt" charlatans, he's funded millions in losses in the company that owns the hotel and looks like he may have to continue doing so. He's also written down the value of it as well. (He did, despite daft claims he didn't, took an equal amount of debt when he moved the hotel out of SU's accounts.

So he's in the shit although nothing that would affect his wealth too seriously. The problem would be if he calls a halt to the funding and the Prince or someone else, doesn't come up with the goods.

Things aren't rosy really but they'd be pretty bleak if it wasn't for him.

I still think him and HRH will let Wilder spend in January though.

 

[Sean Thornton]

I think Sean you're ignoring rule #101 of Blades Forum Trolling - never, ever read the accounts & always follow the simple formula:-

Player sales are enormously lucrative + any signings cost us nothing / we've never signed anyone, ever + L1 football clubs are innately profit making = the owners are ripping us off.

I'm going to have that emblazoned into stained glass and have it installed in my office.

 

[Sean Thornton]

View attachment 21121

Where on earth did this come from?

 

[bertieblade]

Always thought that the copthorne hotel was a separate entity and was nothing to do with McCabe?

 

[Sean Thornton]

Pretty much it's McCabe that's in the shit. I've no idea about Scarboroughs latest results but - as you say - the old Pkc loses money every year and will continue to do so as things stand. It's effectively written off £4million of its investment in Blades Leisure Ltd I believe.

I expect BL/Football club to have lost money and McCabe has already said this after his "£4m each" which hints at losses of up to £8m there again but we'll have to wait and see.

Also, contrary to the "he's nicked the hotel" or "he bought the hotel for a quid and left us with the debt" charlatans, he's funded millions in losses in the company that owns the hotel and looks like he may have to continue doing so. He's also written down the value of it as well. (He did, despite daft claims he didn't, took an equal amount of debt when he moved the hotel out of SU's accounts.

So he's in the shit although nothing that would affect his wealth too seriously. The problem would be if he calls a halt to the funding and the Prince or someone else, doesn't come up with the goods.

Things aren't rosy really but they'd be pretty bleak if it wasn't for him.

I still think him and HRH will let Wilder spend in January though.

Plus I think the only cash being moved around belongs to the owners. All the "connected" companies make losses. There's not much tax avoidance going on when there's no tax been paid for some years.

 

[Deaneandagana]

Always thought that the copthorne hotel was a separate entity and was nothing to do with McCabe?

And fairies come out at night & dance around the broken lamppost outside your house!!

UTB

 

[Sean Thornton]

Always thought that the copthorne hotel was a separate entity and was nothing to do with McCabe?

It's owned - the building - by a company controlled by him. Copthorne run the hotel for that company.

 

[longlyblade]

accounts are on the Blades webpage same as every year http://www.sufc.co.uk/news/article/20131122-downloads-341951.aspx

 

[Pinchy]

I think Sean you're ignoring rule #101 of Blades Forum Trolling - never, ever read the accounts & always follow the simple formula:-

Player sales are enormously lucrative + any signings cost us nothing / we've never signed anyone, ever + L1 football clubs are innately profit making = the owners are ripping us off.

There are no expenses, either. The staff work for nothing, buildings are self-maintaining and we've by-passed the electricity meter.

 

[Sean Thornton]

There are no expenses, either. The staff work for nothing, buildings are self-maintaining and we've by-passed the electricity meter.

In which case the Desso pitch costs us millions each year.

 

[Worksop II]

There are no expenses, either. The staff work for nothing, buildings are self-maintaining and we've by-passed the electricity meter.

and the Water Meter ...... which was what they were doing under the tents when laying the new pitch

 

[Foxy]

and the Water Meter ...... which was what they were doing under the tents when laying the new pitch

They did actually dig a big well which saves us a fortune on water.

 

[bertieblade]

And fairies come out at night & dance around the broken lamppost outside your house!!

UTB

They did the other night

 

[georgebernardshaw]

2016 accounts are out and guess what, the much vaunted "rent on BL is now a million or in some cases a million and a half) quid a year, from someone in the boardroom, blah blah blah is/was a load of bollocks.

Still £310k.

No surprise there then.

Correct me if I have got this wrong, Sean, but wasn't there one particular forum member giving you absolute bollocks over the accounts, someone who obviously had great financial gravitas?
Can't remember his name though........

 

[stringjunior]

They did actually dig a big well which saves us a fortune on water.

Foxy. you know the rules - there's no place for facts on a forum. Now get back to drinking fine ales and fingering old programmes...

 

[Sean Thornton]

Correct me if I have got this wrong, Sean, but wasn't there one particular forum member giving you absolute bollocks over the accounts, someone who obviously had great financial gravitas?
Can't remember his name though........

There was a side kick as well if I remember correctly. There's only one set of accounts out at the moment so there shouldn't be any of that "oh is it a different company" embarrasment when they do hold hands to double team me again.

 

[stringjunior]

Fingering. double teaming. Fnar Fnar

 

[Douglas Jardine]

There was a side kick as well if I remember correctly. There's only one set of accounts out at the moment so there shouldn't be any of that "oh is it a different company" embarrasment when they do hold hands to double team me again.

It was that attention seeking prat Barney egged on by the snidey thinks he is clever Esa

 

[penthouseblade]

As I understand it, KM owns the training ground, Bramall Lane and hotel etc, basically all the tangible (?) assets of the club. The Prince is only investing in the playing squad, he has no control/interest in any other assets.

 

[Broomhall Blade]

and the Water Meter ...... which was what they were doing under the tents when laying the new pitch.

Well that explains why they can afford to have them bloody sprinklers on before kick off and at half time.

 

[BushBlade]

You realise that you did type 'Prince' and also typed '(I can't be arsed typing' and ' so I'll use a symbol instead)' around it, right?

Yes.

 

[zablade]

How much is the club valued in Yen?

 

[BushBlade]

View attachment 21121

It was game changing. We'd have been in the fourth division if it hadn't been for the money he gave Clough to sort out Weir's mistakes.

 

[Woodwardfan]

Ironic thing is that McCabe all of a sudden looks a better owner since he ( and the prince) appointed Wilder as manager and yet he is probably funding the club, in this current year, less than he has for years and years.

Moral being, appoint a good manager, spend less, waste less money, get better results, be more popular ( or less unpopular anyway!).

After the first four games I bet this Forum has hardly mentioned McCabe, you tell me.

 

[Sean Thornton]

How much is the club valued in Yen?

Not sure. It's a minus in Yen as well though unless the exchange rate is well good!

 

[ghandi]

There are no expenses, either. The staff work for nothing, buildings are self-maintaining and we've by-passed the electricity meter.

Yes but what about Matt Done, McCabe must like him otherwise he wouldn't be getting a first team place as Wilder really knows he's crap

 

[Barney]

Is when the accounts are filed the accountant equivalent to Kylie Minogue asking for a steamy night for two?

 

[Ecco1889]

It was game changing. We'd have been in the fourth division if it hadn't been for the money he gave Clough to sort out Weir's mistakes.

Maybe you are correct bush.. Just playing devils advocate
tbh every year we have a similar thread which raises the same questions

 

[bornablade]

Yes but what about Matt Done, McCabe must like him otherwise he wouldn't be getting a first team place as Wilder really knows he's crap

McCabe likes Done because he's taking all the stick and taking the pressure off. Kev pleaded with Monty not to go to Australia.

 

[String]

Fingering. double teaming. Fnar Fnar

stringjunior its not 1986 .?...tha nus....