What's the master plan now, McCabe?

[BerksBlade]

1. Club doesn't own its own ground,
2. No permanent manager in place,
3. Top scorer sold in JTW & not replaced,
4. No offer refused for our "best" players, no matter how derisory,
5. "Rock-solid" defence that concedes when it really matters,
6. Holding midfield player that hasn't got the legs to play there anymore,
7. Playmaker who turns it on for about 5 mins per game
8. Strikers who can't score,
9. Wingers who can't beat a man or cross,
10. Academy manager seemingly changing every week.

So explain it to me? Because I seriously can't see how you're planning to move the club forward to a position the fans want & deserve.

 

[Kev Gee]

I dont think he gives a rats arse tbh.

He wants gone. But no-one wants to buy the club.........

And the rot sets ever deeper.

 

[raul]

I want to sell* Mrs R's old Vectra for £60,000, but no-one seems to want to buy it,









*rent out

 

[Kenilworth]

Youf and hoof son
Youf and hoof

 

[StarBlade]

I want to sell* Mrs R's old Vectra for £60,000, but no-one seems to want to buy it,









*rent out

I can't afford £60000, so how about this. I'll give you £30000, and your wife can keep on driving it?

 

[metalblade]

I can't afford £60000, so how about this. I'll give you £30000, and your wife can keep on driving it?

I'll rent you the garage to keep it in

 

[KenMcnaughtsNuts]

nobody wants to buy it cos theres nowt to buy. no stadium and a shedload of debts to arseface.

heartbreaking, but wed be better off all just leaving him to it and starting again in some obscure league with a new club and new ground and telling mccabe to fook off. with our support we'd be back in the conference in a few years. at this rate we'll be there anyway. and still stuck with mccabe!

 

[super_pig]

we might end up doing that in a roundabout method. i reckon we'll go into meltdown next season and end up in a Portsmouth style scenario where MacCabe will hope to mince off with his freehold on the stadium.. when i'm in conspiracy mode i actually wonder if this is the masterplan.. is he really that incompetent??

 

[KenMcnaughtsNuts]

he wants to do what that booth guy tried at rotherham,
fleece the club for rent on the ground for the next how ever many years for a nice pension for himself and all his family.

bramall lane really looks like its gone. no new owner is going to be held ransom like that. theyll build a new ground somewhere else and tell mccabe to keep his stadium and build a tescos.

 

[GRUMPY BLADE]

I want to sell* Mrs R's old Vectra for £60,000, but no-one seems to want to buy it,

loan it to SUFC

 

[bladeinspaceandtime]

we might end up doing that in a roundabout method. i reckon we'll go into meltdown next season and end up in a Portsmouth style scenario where MacCabe will hope to mince off with his freehold on the stadium.. when i'm in conspiracy mode i actually wonder if this is the masterplan.. is he really that incompetent??

His decisions so far suggest he is.

 

[blade too long]

1. Club doesn't own its own ground,
.

semantics , but he owns sufc so the club does own its own ground
dont get why this keeps coming up

 

[Fiery Blade]

How's this for a Masterplan
Sack the lot!
Morgan has proved he is not the man for the job
The players have proved that they possess neither the skill levels or the tactical nouse to compete at this level
They have also proved that they have no heart, no passion and no balls!

 

[Fiery Blade]

Whilst we are at it get rid of the Chairman of the Football Club - is it David Green
He appears to have the character and endeavour of a Wet Fish!

 

[Jim Chimmerney]

It's as it has been for the last 10 years, the plan is in place, bringing the 'kids' through, selling them on, unfortunately, it's the 11 on the pitch and the two on the sidelines that McCabe's always had problems with.

 

[StarBlade]

semantics , but he owns sufc so the club does own its own ground
dont get why this keeps coming up

I could be wrong here and apologies if I am, but the football club no longer own the ground, the parent company does. They are owned by the same people, so no change of status you might think. But, a parent company could sell the football club today, and of course, that would mean that SUFC (the football club) would be sold without the ground while SUFC plc/Scarborough United Group/Scarborough Group International (or whoever) has the ground. I'm not even sure which parent owns the ground.

 

[Balham]

I could be wrong here and apologies if I am, but the football club no longer own the ground, the parent company does. They are owned by the same people, so no change of status you might think. But, a parent company could sell the football club today, and of course, that would mean that SUFC (the football club) would be sold without the ground while SUFC plc/Scarborough United Group/Scarborough Group International (or whoever) has the ground. I'm not even sure which parent owns the ground.

Kevin McCabe, through Scarborough Group, owns about 98% of Sheffield United plc.

SU plc owns the fixed assets (Bramall Lane and Shirecliffe) and 100% of the shares in Sheffield United FC Ltd (the football club).

If someone buys Sheffield United FC Ltd then there will be a separation between club and ground but until then there isn't much change in the day-to-day running of the club. Kevin McCabe "owns" the ground and the Club, almost exactly as he did before the transfer.

 

[Darren]

I could be wrong here and apologies if I am, but the football club no longer own the ground, the parent company does. They are owned by the same people, so no change of status you might think. But, a parent company could sell the football club today, and of course, that would mean that SUFC (the football club) would be sold without the ground while SUFC plc/Scarborough United Group/Scarborough Group International (or whoever) has the ground. I'm not even sure which parent owns the ground.

As I understand it SUFC plc owns the ground and rents it to SUFC Ltd (which is a subsidiary of the plc). Of course, both entities are, in reality, McCabe with different hats on. If McCabe's plan is to retain ownership of the ground and flog off the club and charge the new owners a rent for the ground, I can't see how even Mr Stupid McStupid of Stupidville 5 times winner of the annual "Most Stupidest man in Britain" contest would agree to buying the club on those terms.

It seems to me if McCabe wants out he will have to sell the ground as well.

 

[StarBlade]

Kevin McCabe, through Scarborough Group, owns about 98% of Sheffield United plc.

SU plc owns the fixed assets (Bramall Lane and Shirecliffe) and 100% of the shares in Sheffield United FC Ltd (the football club).

If someone buys Sheffield United FC Ltd then there will be a separation between club and ground but until then there isn't much change in the day-to-day running of the club. Kevin McCabe "owns" the ground and the Club, almost exactly as he did before the transfer.

That was my understanding too, thanks.

Are you a financial whizz? Maybe you can explain to us that aren't why the transfer happened and what benefit there is/was for it, and to whom. And, also, the financial structure of the business, such as the 3/4 companies, is there a reason other than it's "typical" to have such an arrangement. And, if KM is looking for investment/sale of the plc or Ltd side to SUFC. If not, then please ignore my question

 

[StarBlade]

As I understand it SUFC plc owns the ground and rents it to SUFC Ltd (which is a subsidiary of the plc). Of course, both entities are, in reality, McCabe with different hats on. If McCabe's plan is to retain ownership of the ground and flog off the club and charge the new owners a rent for the ground, I can't see how even Mr Stupid McStupid of Stupidville 5 times winner of the annual "Most Stupidest man in Britain" contest would agree to buying the club on those terms.

It seems to me if McCabe wants out he will have to sell the ground as well.

I agree, but, from what I've read/heard/think I read/heard, isn't that what KM is actually hoping for?

 

[Worksop_Blade]

Thing is as KenMcnaughtsNuts mentioned if by some miracle, someone buys the FC and looks at the rent the McCabe family is charging for the Lane/Shirecliffe combined say £200k a month thats 2.4m a year.

Then you have to wonder whether the McCabes would want any of the match day income, which is what is killing Coventry City.

A new owner is going to look at the gates, realise we dont need a 30k stadium, go to the outskirts of the city and build a 20-25k meccano stadium for £25m with the academy/training ground built next door to it along with ample parking for match day and non match day traffic, easy transport links, modern conferencing facilities and without the need to pay some wanker from Brussels a penny to use it.

If United ever got taken over the above is nailed on, Bramall Lane will be the site of cheap housing within 15 years.

 

[Darren]

I agree, but, from what I've read/heard/think I read/heard, isn't that what KM is actually hoping for?

I dunno. From what I recall, the official line on the ground ownership is something vague about accounting/tax advantages.

For what it's worth my view is:

1. McCabe is a genuine fan, who got involved with United because he thought it would be a nice hobby - not as a money making exercise.
2. McCabe is also a hard nosed businessman who likes money.
3. He is now fed up with his hobby and wants out
4. He wants to minimise his monetary losses whilst withdrawing from United.
5. He also retains a residual affection for the club and, other things being equal, doesn't want to screw it over.
6. Whether 4 or 5 is more important to him is debateable.

 

[Fiery Blade]

It doesn't really matter who owns the ground - that shower of sh!te that have been wearing the shirt this season wouldn't look out of place on Handsworth Rec!

 

[Balham]

That was my understanding too, thanks.

Are you a financial whizz? Maybe you can explain to us that aren't why the transfer happened and what benefit there is/was for it, and to whom. And, also, the financial structure of the business, such as the 3/4 companies, is there a reason other than it's "typical" to have such an arrangement. And, if KM is looking for investment/sale of the plc or Ltd side to SUFC. If not, then please ignore my question

McCabe wants to sell SUFC (the football side) but knows that as a going concern, it's not worth anything like what he's spent on it. He's separated the football club from the ground as we know, this is either because:

a) he wants to get some of his money back

or

b) he wants to make sure that whoever he does sell the football club to can't secure any borrowings against the fixed assets (Bramall Lane and Shirecliffe); thus preventing the issues which have plagued Portsmouth over the past 3 years.

or

c) a mix of the two above.

I think that the investment being sought is on the FC Ltd side but who's going to invest in an indebted third tier club?

 

[super_pig]

my problem with this is that there seems no reason to separate the club from the ground.. unless of course you have different plans for each enterprise

 

[UnitedBlade]

I dunno. From what I recall, the official line on the ground ownership is something vague about accounting/tax advantages.

For what it's worth my view is:

1. McCabe is a genuine fan, who got involved with United because he thought it would be a nice hobby - not as a money making exercise.
2. McCabe is also a hard nosed businessman who likes money.
3. He is now fed up with his hobby and wants out
4. He wants to minimise his monetary losses whilst withdrawing from United.
5. He also retains a residual affection for the club and, other things being equal, doesn't want to screw it over.
6. Whether 4 or 5 is more important to him is debateable.

Obviously I don't know what McCabe really thinks but there may be something in the dilemma between 4 and 5 which is why we have a stalemate and nothing happens on the sale/investment front.

He keeps hoping that his managerial decisions will miraculously get us out of the shit but clearly to date they haven't.

Do we think his kids have any real appetite to carry on once he gives up involvement ?

How long will he hang on until he is so fed up he sells ?

Is he really still hoping the next manager will get us promoted ?

One thing we do know is football helps him with business - he said so in an interview with Property Week.

I hate to bring this up but he will still cling on whilst he's trying to settle this Nigerian property company deal.

Not heard anything further on that ......,.

 

[ponteblade]

where are all the brilliant chinese players and the others from all his great plans? Oh yes it's like our promotion hopes ie in the sky: Oh it's great been a blade!

 

[Kev Gee]

where are all the brilliant chinese players and the others from all his great plans? Oh yes it's like our promotion hopes ie in the sky: Oh it's great been a blade!

We got Hao Dai Dong didnt we?

 

[Pittsburg Blade]

That was my understanding too, thanks.

Are you a financial whizz? Maybe you can explain to us that aren't why the transfer happened and what benefit there is/was for it, and to whom. And, also, the financial structure of the business, such as the 3/4 companies, is there a reason other than it's "typical" to have such an arrangement. And, if KM is looking for investment/sale of the plc or Ltd side to SUFC. If not, then please ignore my question

The renting of property between companies is quite common in the business world. It's a good way of shuffling funds between entities and allows for numerous tax breaks.

 

[Ashtonsmashton]

1. Club doesn't own its own ground,
2. No permanent manager in place,
3. Top scorer sold in JTW & not replaced, top scorer you scored more than half from the penalty spot, Murphy was his replacement. We never replaced quinn
4. No offer refused for our "best" players, no matter how derisory,
5. "Rock-solid" defence that concedes when it really matters,
6. Holding midfield player that hasn't got the legs to play there anymore,
7. Playmaker who turns it on for about 5 mins per game
8. Strikers who can't score,
9. Wingers who can't beat a man or cross, but as I remember Murphy beat two men and got a shot away and mcfadz did all day long.
10. Academy manager seemingly changing every week.

So explain it to me? Because I seriously can't see how you're planning to move the club forward to a position the fans want & deserve.