Something to cheer everyone up - Nigerian Millionaire Investment

[WeltonBlade]

I don't what's up with you lot - all this pessimism and gloom.

I for one can hardly wait for the next transfer window to open !

Well they got the freefall bit right !
1st Sept 2012:
Sheffield United, which is now in the third tier of English football (Division One), was relegated from the Premier League in 2006 after just one season in the top flight. Since then it’s been a freefall. They have however announced plans to bring in millions of pounds of investment from Nigeria “with the aim of returning the club to the Premier League as soon as possible”.
Club chairman Kevin McCabe revealed that new investment potentially worth multi-millions was on the horizon from Nigerian investors focused on property development. The total amount expected to be injected is in the region of $500m (around £300m), even though far less would be available for running the club itself.

McCabe said that with the planned injection of cash, Jacob Esan, a Nigerian investment banker, will become a director of Scarborough United Group (SUG) Plc. and Sheffield United Plc.

However, both companies are and will remain in the control of the McCabe family.

McCabe was however quick to add that: “This is not an Abramovich-deal – we will still be running the club sensibly – but we will have more resources to be invested in football.”

ps - I cut the sentance about "Ched Evans was jailed for molestation" - too contentious. I aren't sure they covered it.
pps - Forte on loan - now I understand the phrase "far less will be available". Like another galaxy far far ..........

 

[KenMcnaughtsNuts]

I don't what's up with you lot - all this pessimism and gloom.

I for one can hardly wait for the next transfer window to open !

Well they got the freefall bit right !
1st Sept 2012:
Sheffield United, which is now in the third tier of English football (Division One), was relegated from the Premier League in 2006 after just one season in the top flight. Since then it’s been a freefall. They have however announced plans to bring in millions of pounds of investment from Nigeria “with the aim of returning the club to the Premier League as soon as possible”.
Club chairman Kevin McCabe revealed that new investment potentially worth multi-millions was on the horizon from Nigerian investors focused on property development. The total amount expected to be injected is in the region of $500m (around £300m), even though far less would be available for running the club itself.

McCabe said that with the planned injection of cash, Jacob Esan, a Nigerian investment banker, will become a director of Scarborough United Group (SUG) Plc. and Sheffield United Plc.

However, both companies are and will remain in the control of the McCabe family.

McCabe was however quick to add that: “This is not an Abramovich-deal – we will still be running the club sensibly – but we will have more resources to be invested in football.”

ps - I cut the sentance about "Ched Evans was jailed for molestation" - too contentious. I aren't sure they covered it.
pps - Forte on loan - now I understand the phrase "far less will be available". Like another galaxy far far ..........

no. i dont imagine it would be hey...

 

[UnitedBlade]

This is largely about construction projects in Nigeria and they won't know if they can get any funds until April.

McCabe has said all along that if they can divert some funds to SUFC, they will, but it won't be much.

Best to assume nothing and definitely not this season.

 

[KenMcnaughtsNuts]

This is largely about construction projects in Nigeria and they won't know if they can get any funds until April.

McCabe has said all along that if they can divert some funds to SUFC, they will, but it won't be much.

Best to assume nothing and definitely not this lifetime.

 

[Deleted member 875]

Casino Narnia anyone?

 

[ghandi]

This is largely about construction projects in Nigeria and they won't know if they can get any funds until April.

McCabe has said all along that if they can divert some funds to SUFC, they will, but it won't be much.

Best to assume nothing and definitely not this season.

Isn't divert funds to SUFC a euphemism for straight to McCabe.

 

[UnitedBlade]

Isn't divert funds to SUFC a euphemism for straight to McCabe.

No it would be investment funds specifically for the football club. This depends on the Scarborough United company attracting investors that are mainly interested in Construction but have an interest in football. Basically appealing to their vanity with the carrot of returning to the Premier League.

As I say, we are best to expect nothing. I'm not sure how likely they are to raise the £300M they are after, that's Jacob's job - good luck. I would expect some sort of statement towards the end of our season.

 

[Bladesway]

No it would be investment funds specifically for the football club. This depends on the Scarborough United company attracting investors that are mainly interested in Construction but have an interest in football. Basically appealing to their vanity with the carrot of returning to the Premier League.

As I say, we are best to expect nothing. I'm not sure how likely they are to raise the £300M they are after, that's Jacob's job - good luck. I would expect some sort of statement towards the end of our season.

And monkeys will fly out of my Butt.

 

[Melbourne Blade]

I always thought this was a pisstake complete with Jacob Esan crazy twittering set up by a pig to take the piss.

 

[metalblade]

I always thought this was a pisstake complete with Jacob Esan crazy twittering set up by a pig to take the piss.

It could well be LOL, Jacob (13 companies gone bust ) Esan, and is latest company run from a council house in Croydon.

 

[KenMcnaughtsNuts]

i bet if you could be arsed to figure it out, jacob esan is an anagram for something really enlightening. mccabe does like a joke at our expense.

 

[KenMcnaughtsNuts]

banjo case? maybe thats where he keeps all his mythical millions.

 

[Kev Gee]

This again??

 

[Bladesway]

This again??

Well it is kinda relevant following us breaking the bank in the JTW.

 

[StarBlade]

"Scarborough Group, controlled by the McCabe family, announces that an invitation has been extended to Jacob Esan of Nigeria to become a director of both Scarborough United Group plc (SUG) and Sheffield United plc (SU plc). SUG is a wholly owned subsidiary of Scarborough Group International Ltd (SGIL) which has an 85% shareholding in SU plc, which is the parent company of the famous Sheffield United FC (SUFC).

Mr Esan will be working alongside the McCabes principally to facilitate the provision of capital from Nigeria permitting SGIL via SUG to further expand its businesses in real estate, leisure and services - with Football at its hub. It is envisaged that new funds of up to $500 million will become available within a six to nine month period for SUG to invest in all three business divisions and in particular in SUFC to assist in financing both First Team and Academy football. This is a part of the commitment by the McCabe family and Mr Esan to see the Blades returning to the top echelon of English football at the earliest opportunity. Mr Esan intends also to replicate similar skills and experience in his home nation and Africa in general. He also hopes to secure sponsors for SUFC from Africa." SUFC, August 2012.

 

[metalblade]

Well that was six month ago and we have seen jack shit invested

 

[StarBlade]

To be fair, we have had up to $500M invested

 

[raul]

This again??

It doesn't fit . 0/10.