The Downward Spiral

[Foxy]

Exactly, but if we think like that then we may as well just keep the players we have, shut down the academy too because they might get injured as soon as they play....

In fact - let's just shut the club down of course this is all said tongue in cheek. But we can't have the thinking that if we signed someone they may get injured....

Probably a mistake setting up that scenario.... It wasn't meant as an excuse for not buying players.... more and example of what risk and criticism he was open to for the privilege of gambling his families inheritance.

 

[matth]

Nope, because personal assets and business assets are separate in incorporated companies. If a company sold something, the money would belong to the company. Not the man who owned the company.

All the shareholders would have a say in what this money would be used for. If they didn't like what the company planned to do with the money, they would withdraw their investments and the company would crumble. A limited company does not operate to the whims of one man.

If someone used company money to buy themselves something for their personal use, it would constitute fraud.



Fair enough. I'm just telling you that what you're ranting about can't happen because of the reasons I've stated.

I read what Keenzy was saying as that McCabe could sell some of his own shares in one of his companies, and then use the money which would become his to plough into the club. I'm not saying I necessarily agree with that - I think we've perhaps got the players we need in the main, just a man in charge who doesn't know what to do with them - but I don't think he's advocating committing fraud.

 

[Linz]

I read what Keenzy was saying as that McCabe could sell some of his own shares in one of his companies, and then use the money which would become his to plough into the club. I'm not saying I necessarily agree with that - I think we've perhaps got the players we need in the main, just a man in charge who doesn't know what to do with them - but I don't think he's advocating committing fraud.

The problem with that scenario is... where are his revenue streams going to come from?

You sell all your interest your other companies and put the money into United... but eventually, you're going to run out of money because United doesn't earn profits (Neither do Chelsea or Manchester United or Liverpool)

I agree with what you're saying about the manager matth, which is what I touched upon earlier. Throwing money at a problem is no guarantee of success and Man City are evidence of that.

Just like you don't need to spend masses of money to get promoted... which we showed back in 2006.

 

[matth]

I agree, yes. I was just pointing out my interpretation of what Keenzy had said.

Personally, if I was McCabe, I'd be loathe to give Blackwell any money at all. We've got plenty of good players at our disposal, we should try and get them playing to their strengths before throwing good money after bad.

 

[S64 Blade]

You could argue we should all buy more shirts, as retail turnover fell 28%

Blades Realty is a joint venture with Scarborough bringing in £0.9million of profit for year ending June 2008 and has raised £5.3million pre-tax in total. This money is used to "strengthen on-field successes". We are using profit from some of our ventures to benefit the team.

Businessmen don't take things on if they can't see profit. Simply throwing money at the club would cause more issues than simply using profits from its ventures. At least the ventures are measurable and you have a better way of "guaranteeing" success than putting the same amount of money into a football team.

Not saying it's right, just thinking from a business perspective.

I think the point about businessmen not taking things on if they cant see profit, is a fairly inaccurate comment.

Will Abramovich ever see the millions he has pumped into Chelsea?

I'm sure many businessmen simply buy into football clubs as a way of avoiding huge tax payouts. If they own a football club instead, they might see some return on their investments. If not, they still have an asset to sell if needs be.

 

[Linz]

I think the point about businessmen not taking things on if they cant see profit, is a fairly inaccurate comment.

A businessman wouldn't buy a restaurant for it to make a loss.

A businessman wouldn't buy a hotel for it to make a loss.

Football is different... it's McCabe's hobby. It's still a business but one that you undertake because of love, not because you expect to make a profit.

Because McCabe has strong business interests elsewhere that make profit, he is more willing to make a loss on football because he can.

A sound businessman in any area other than football would simply not invest money because it is stupid

 

[S64 Blade]

Did you read my last few sentences? I said that football was different there.

 

[Linz]

Did you read my last few sentences? I said that football was different there.

You were disputing what I said about business men taking on things that don't make profit.

In my eyes... there's business business and football business.

Business business, my statement is accurate.

Football business... it is a business, but the stakeholders have different motives.

Even if McCabe were to sell up on United, I doubt it'd be for a profit after all the cash he'd invested and the way that it's assets are tied to subsidiaries of his other businesses. He isn't seeing any profit... the figures are obvious.

 

[Hartyblade]

I really can't be arsed to read all that above lmfao! But i skim read and got the jist of it.

All i know is that we sold beattie because of his wages. And for a little extra cash for if we get shit of the tevez affair.

We offered, and got a bid accepted for Lita, which seemed to b between 1 or 2m im not sure.

Meaning we have that to spend on a striker/winger. YET WE HAVENT!
We've been promised a cover for beattie, from Mccabe & Blackwell. So as someone said they need to pull there finger out there arses, and get us a new fucking striker!!!

 

[The One]

It was a crock of shit.

The players need to get together and tell him that it's obviously not good enough and we need to play to our strengths.

We played attacking football against Wolves and played them off the park.

 

[keenzy]

Nope, because personal assets and business assets are separate in incorporated companies. If a company sold something, the money would belong to the company. Not the man who owned the company.

All the shareholders would have a say in what this money would be used for. If they didn't like what the company planned to do with the money, they would withdraw their investments and the company would crumble. A limited company does not operate to the whims of one man.

If someone used company money to buy themselves something for their personal use, it would constitute fraud.

But say such McCabe owns all the shares, could he then?

You sell all your interest your other companies and put the money into United... but eventually, you're going to run out of money because United doesn't earn profits (Neither do Chelsea or Manchester United or Liverpool)

Blades Realty is a joint venture with Scarborough bringing in £0.9million of profit for year ending June 2008 and has raised £5.3million pre-tax in total. This money is used to "strengthen on-field successes". We are using profit from some of our ventures to benefit the team.

Thought we don't earn profits

 

[shorehamview]

What's point in buying anyone then if that viewpoint is being used?

Never mind all that. The Shagmeister is back!!!

 

[Linz]

But say such McCabe owns all the shares, could he then?

No, because it would still be company money. Even if a company is just one man, the money is separate when companies are incorporated. Plus there would be no point in having shares if one person owned them all.

Thought we don't earn profits

This is where you're getting confused. Blades Realty is an arm of Sheffield United... it is not Sheffield United PLC. Because Sheffield United has invested in Blades Realty, they can use their share of the dividends any way they see fit.

It's is the Realty which is making profit.