The Budget

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GuangzhouBlade said:
https://shepwedd.com/sites/default/files/UTB v SUL - D_s SA for 20.6.18.pdf

Reading the arguments set out by UTB limited in the ongoing litigation shows McCabe feels a budget of £2 million pounds is needed to ensure continued success. Im a big fan of McCabe and tend to defend him wherever possible but that is frankly ridiculous. Im not saying we need 4 £10 million players but £2million to bring in two strikers, a creative midfielder and possibly a centre half is ridiculous. Lets not forget this is McCabe best case scenario if the Price does decide to cough up.

On a side not McCabe appears to have dropped a bollock when he let the prince invest on the terms he did. I don't doubt McCabe wants whats best for club but he's been screwed over here. Perhaps he did not pay the going rate for the best legal representatives when the deal was first constructed?
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I am also not quite sure about the budget. The judgement says there is a budget that requires an injection of cash of £10 mill over the season but this includes a transfer budget of £7 mill.. It then goes onto to refer to an extra £2 mill which has been promised to the manager. Was there an original budget of £7 mill which has been increased by £2 mill perhaps to induce CW to sign a new contract? To me it is not clear. No doubt this can be clarified at the shareholders meeting?
 

If this all there is, I can't understand why Wilder agreed to stay. My guess is that he won't.
 
Danetheblade said:
I don't think it's a case that McCabe doesn't want promotion. I think it's more he knows he can't afford it.
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We know that and that's why he should have sold us lock, stock and barrel. Why he hasn't who knows...a belief that he knows best and nobody else would have the clubs interest at heart? Wants too much ? No genuine buyers ?

Whatever, he came up with this 50/50 structure which is now a disaster just as we need to push on with the best manager we've had for 30 years.

I just don't see one of these joint ownership structures working as from the outside it seems McCabe wants to maintain some level of control and use someone else's money to finance the club. Businesses dont usually work well like that and I guess the current situation is proof of that.
 
GuangzhouBlade said:
https://shepwedd.com/sites/default/files/UTB v SUL - D_s SA for 20.6.18.pdf

Reading the arguments set out by UTB limited in the ongoing litigation shows McCabe feels a budget of £2 million pounds is needed to ensure continued success. Im a big fan of McCabe and tend to defend him wherever possible but that is frankly ridiculous. Im not saying we need 4 £10 million players but £2million to bring in two strikers, a creative midfielder and possibly a centre half is ridiculous. Lets not forget this is McCabe best case scenario if the Price does decide to cough up.

On a side not McCabe appears to have dropped a bollock when he let the prince invest on the terms he did. I don't doubt McCabe wants whats best for club but he's been screwed over here. Perhaps he did not pay the going rate for the best legal representatives when the deal was first constructed?
Click to expand...



£2 million would ensure continued success
Bearing in mind continued success for Sheffield United means staying in business and nothing more
 
FriethBlade said:
We know that and that's why he should have sold us lock, stock and barrel. Why he hasn't who knows...a belief that he knows best and nobody else would have the clubs interest at heart? Wants too much ? No genuine buyers ?

Whatever, he came up with this 50/50 structure which is now a disaster just as we need to push on with the best manager we've had for 30 years.

I just don't see one of these joint ownership structures working as from the outside it seems McCabe wants to maintain some level of control and use someone else's money to finance the club. Businesses dont usually work well like that and I guess the current situation is proof of that.
Click to expand...
A real shit scenario. Give him director of football. Lose the best manager we've had in recent times. Or continue this embarrassing situation. Oh to be a blade eh?
 
It’s a transfer budget of £7m of which £500k is budgeted from player sales. This is from the interim judgment by the Judge as opposed to one of the two sides. Clearly the receipt of Brooks money is excess of the £500k we budgeted to get in from player sales. However there’ll be no clarity as to whether that / some of that will go on top of the existing budget

I think the £2.5m is for funding ongoing running costs for SUFC, including transfers.
 
I’ve read the whole thing interesting read. McCabe in essence is saying why should I put more money in when your not. Match what I’m willing to put in or sell up.
 
Bladezz said:
I’ve read the whole thing interesting read. McCabe in essence is saying why should I put more money in when your not. Match what I’m willing to put in or sell up.
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And the Prince is saying why do you want me to loan the money....just give it to the club like i'm prepared to do.....
 
bromtom said:
Could it be an additional 2 million on top of what we spent last year? That would surely make more sense.

We spent about £5million last season didn't we?

I hope it's an additional £2million.
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That’s how I read it, except we didn’t spend £5m due to the sell on fees, or was that the season before ? My heads gone with this !!!

I took it to read his budget is £7m (£2m more than last year as you read) and the Brooks money will not be topping that up, this season at least.

That business RE: the loan or gift of £1.25m makes no sense to me, but I’m sure it will to someone. Gift surely the better option, no ?

Just an edit - how shit is it that this is all out in the open. Doesn’t give you the upper hand in negotiations surely
 
Rob86 said:
That’s how I read it, except we didn’t spend £5m due to the sell on fees, or was that the season before ? My heads gone with this !!!

I took it to read his budget is £7m (£2m more than last year as you read) and the Brooks money will not be topping that up, this season at least.

That business RE: the loan or gift of £1.25m makes no sense to me, but I’m sure it will to someone. Gift surely the better option, no ?

Just an edit - how shit is it that this is all out in the open. Doesn’t give you the upper hand in negotiations surely
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I'm just thinking, with no other incomings or anything, we spent about £5mill on transfers last season. So £7mill (last years plus 2 mill would be "continued success")

It is shit though, from a negotiating standpoint, and it's embarrassing because it's basically, in the football world, two tramps fighting over half a sausage roll out of a bin, Wolves owners have lost more money down the back of the executive suites comfy chairs at Molineux than these two are fighting over.

Just wish they'd both pay the money and agree to find new ownership in the best interests of the club, because neither have enough money to make use of employing potentially the best manager we have had in living memory.
 
bromtom said:
I'm just thinking, with no other incomings or anything, we spent about £5mill on transfers last season. So £7mill (last years plus 2 mill would be "continued success")

It is shit though, from a negotiating standpoint, and it's embarrassing because it's basically, in the football world, two tramps fighting over half a sausage roll out of a bin, Wolves owners have lost more money down the back of the executive suites comfy chairs at Molineux than these two are fighting over.

Just wish they'd both pay the money and agree to find new ownership in the best interests of the club, because neither have enough money to make use of employing potentially the best manager we have had in living memory.
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This is a minor skirmish.,the real battle will start when the Prince is asked to pay for the ground if he wants control.
 

Para 47 of the judgement quotes the FC planning - before the Brooks sale - for 7m worth of transfer activity , broken down into £2m acquisition fees and AN INCREASE TO THE WAGES BUDGET in 18/19 OF £4.9m. One way of spending that - plus any small wages savings from outgoing mediocre players - is 5 quality players each on £20k PW.
I don't see how the wages budget can go up by £4.9m without breaking the supposedly rigid wage structure.
That's not bad going for a "financially poor" club.
And that's BEFORE the Brooks money.
 
I just think it's great that the chairman of any team in the football league with 10 minutes spare to read the first few pages of these documents now knows how much money we've got to spend. Not to mention anyone else who might want to do work for us in the next few months:

Typical transfer conversation:

Blades: "Hi, I wanted to enquire about xxxxxx, and I'd like to know how much you want for him please?"
Other club: "£2m"
Blades: "but we only want to pay £1m"
Other club: "well don't tell the world that you've got £2m to spend then"
Blades: "but we expected 10 players for £2m, they only kick a bag of air about for a living you know, we're not made of money"
Other club: "actually, I've just read the next page and you're about to become insolvent so I don't want to do business with you, cheerio"

Blades trying to get the Kop bogs painted:

Blades: "Hi I wondered if you could come and paint the Kop bogs for us please"
Painter: "Sorry, with that fleecing Saudi around you'll be bust by the time I'm due to get paid, I'm going to take the job painting over the rust in S6 instead, goodbye"
 
Topplayersleave said:
Bearing in mind continued success for Sheffield United means staying in business and nothing more
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Is that really such a bad thing?

When your scrubbers don't get promoted and the Dolphin Killer is bored of his plaything, how do you think things might pan out at S6? It will be like buying a house and the tight bastards who sold it, have taken garden plants, light fittings, curtain poles and the carpets.

The difference is that your bloke will be so out of pocket, he will have to sell every last paperclip, bog roll and plastic beer glass to even get a fraction of his money back. He might even take the tarpaulins, er, 'structural sheets' and load everyting into one of his D Taxis.
 
Sean Thornton said:
This is a minor skirmish.,the real battle will start when the Prince is asked to pay for the ground if he wants control.
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I'm coming round to the idea that part of the Prince's negotiating position is "I don't want the fucking ground, keep it, I just want the club and that's all I'm willing to pay for - as per our agreement". He realises that the ground is worth the £20m (or more) as a going concern as a football ground. He also knows its only worth a fraction of that just as a plot of land, which is what it will be if the club ups sticks. McCabe knows this too and he knows he's being outflanked and that's why he's pissed off. This means it can only go one of two ways: McCabe wins and its back to the status quo of mediocrity or the Prince wins and that's the end of BDTBL as we know it and we're putting different co-ordinates into the satnav. We know what's going on in court as the documents are in the open but we don't know what's going on in these people's minds.

Pure conjecture, but I see a distinct possibility in this. These guys are playing for much higher stakes than the level at which we are discussing. I personally think the Prince is aiming for the big time.
 
snootyfenooty said:
I'm coming round to the idea that part of the Prince's negotiating position is "I don't want the fucking ground, keep it, I just want the club and that's all I'm willing to pay for - as per our agreement". He realises that the ground is worth the £20m (or more) as a going concern as a football ground. He also knows its only worth a fraction of that just as a plot of land, which is what it will be if the club ups sticks. McCabe knows this too and he knows he's being outflanked and that's why he's pissed off. This means it can only go one of two ways: McCabe wins and its back to the status quo of mediocrity or the Prince wins and that's the end of BDTBL as we know it and we're putting different co-ordinates into the satnav. We know what's going on in court as the documents are in the open but we don't know what's going on in these people's minds.

Pure conjecture, but I see a distinct possibility in this. These guys are playing for much higher stakes than the level at which we are discussing. I personally think the Prince is aiming for the big time.
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He needs a ground. Or a ground share.

I'd like to see the full email that he sent to McCabe by mistake. I'll bet that comes out in the wash.
 
Sean Thornton said:
He needs a ground. Or a ground share.

I'd like to see the full email that he sent to McCabe by mistake. I'll bet that comes out in the wash.
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He rents the Lane until he builds a new one, the lease is already stamped? I reckon he's got it covered. The only thing I can see going against the Prince in all this is the share swapping which seems a bit dodgy. But then what do I know, someone who knows better than me must have advised him it was OK to do so. McCabe must be spitting feathers.
 
I should coco said:
Is that really such a bad thing?

When your scrubbers don't get promoted and the Dolphin Killer is bored of his plaything, how do you think things might pan out at S6? It will be like buying a house and the tight bastards who sold it, have taken garden plants, light fittings, curtain poles and the carpets.

The difference is that your bloke will be so out of pocket, he will have to sell every last paperclip, bog roll and plastic beer glass to even get a fraction of his money back. He might even take the tarpaulins, er, 'structural sheets' and load everyting into one of his D Taxis.
Click to expand...

carry_on_cabby.jpg
 
Just to put it in perspective a £7 million budget puts us on a par with Rotherham’s budget for the season.
 
snootyfenooty said:
I'm coming round to the idea that part of the Prince's negotiating position is "I don't want the fucking ground, keep it, I just want the club and that's all I'm willing to pay for - as per our agreement". He realises that the ground is worth the £20m (or more) as a going concern as a football ground. He also knows its only worth a fraction of that just as a plot of land, which is what it will be if the club ups sticks. McCabe knows this too and he knows he's being outflanked and that's why he's pissed off. This means it can only go one of two ways: McCabe wins and its back to the status quo of mediocrity or the Prince wins and that's the end of BDTBL as we know it and we're putting different co-ordinates into the satnav. We know what's going on in court as the documents are in the open but we don't know what's going on in these people's minds.

Pure conjecture, but I see a distinct possibility in this. These guys are playing for much higher stakes than the level at which we are discussing. I personally think the Prince is aiming for the big time.
Click to expand...

The Prince seems to think he's entitled to rent the ground and other facilities on the already agreed long term leases. They were agreed on the basis of on a peppercorn rent I believe - which he's happy to continue honoring.McCabe would be left with the bills for these facilities, yet standing to gain nothing from any promotion windfall.The assets would surely lose value if there is no football team present; they aren't worth much to anybody but a football team.Whether this manoeuvre is legal I have no idea: he was supposed to buy the property when buying out McCabe's 50%. I can foresee a scenario where McCabe is cast as the bad guy if he doesn't sell the property to the prince for a song.Some kind of Ken Booth/Rotherham scenario can't be ruled out; if the Prince is successful in court.
 
snootyfenooty said:
He rents the Lane until he builds a new one, the lease is already stamped? I reckon he's got it covered. The only thing I can see going against the Prince in all this is the share swapping which seems a bit dodgy. But then what do I know, someone who knows better than me must have advised him it was OK to do so. McCabe must be spitting feathers.
Click to expand...


Great. Move from Bramall Lane. Is that better than McCabe being there?
 
None of it's good Sean is it? And I'm guessing I know who has the deepest pockets going through what is likely to be a length court process !
 

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