15 May 2013 15:17:14
Sufc is not operating to a sustainable level, Mr McCabe Family has continued to support the club for a number of years and the BIG losses cannot continue. That is the clearest message yet that there will be little or no investment in the coming season or for that matter for a long time to come, it's going to be a tough old time being a blade.
It's more to do with the fact that without investment there will be no new players and players will be let go. The article also says that investment is simpler and there are people looking to invest. It has subtle overtones of impending bankruptcy if nothing is done about it.
Don't mind who invests just as long as its not Bryan robsons dodgy Chinese mate who was on the undercover documentary about dodgy dealings
What happened to that African investor
Jacob Esan? He invested, but every club is always looking for investors.
I know i'm saying it again but the figures don't add up, Money from west ham, two Kyle's, the list goes on and on even Blackman plus we have had biggest crowds in L1 so how come we are that skint that there's to be more leaving with nobody coming in + we can't even seem to attract a decent name for a manager. What the ;''; has happened.
The figures do add up but you have to go back before West Ham to see where the financial troubles started. Getting into the Premiership was a great boost to the profitability, but at no point were you, "Out of the red".
After the pitfall from the Prem, you had players on inflated wages thanks to "Promotion wage increases". After trying to get back into the top league and failing, you lost a lot of money.
And then getting relegated again, you tried to bounce back up, and failed again, meaning you had a large group of players on higher wages that you needed to get rid of, and being already deep into the red, you don't have enough money to replace the players that you are releasing or selling, and profitability is down the toilet as the stadium and wages etc. are creating a massive blackhole for cash. Meaning you need investment to A) Buy players, B) Up profitability, and C) Attract fans back.
Well, we are not going to attract fans if we are losing and stuck in the pub league. So reading in between the lines on your post other L1 clubs have less overheads than us because of wages ground etc hence that will allow them to compete easier with us even though we have a bigger gate!
Not at all, the point with an other club is that they don't have over inflated wages. I. E. Championship Wages, because they have dropped and been unnable to climb back up into the Champ on 2 separate tries.
My main point was the excess of wages. But the other point was that with Bramall Lane being particularly large and not being filled there will be less income from it in comparison to a club filling their stadium week in week out.