The shadow of Carlos Tevez

The shadow of Carlos Tevez still hangs heavily over our club.

The admittance, in the tabloid press this morning, that the club still owes £10 million of the compensation package hasn`t helped Sam Allardyce when it comes to strengthening his squad, even more so when David Sullivan confirms that the outstanding balance has to be settled at the end of this season with David Sullivan commenting to the media,

"We`ve done some good business and brought in some real quality despite our still limited resources."

"We have an eight figure sum still outstanding over the Tevez affair even though we have been paying it down over the last two years."

"That amount has paid off over the next 12 months, which does take its toll on our transfer activity."

What a sorry mess our club got itself into before the current owners took over.

A sorry mess indeed.....

But you have to look on the bright side.....Our money bought the Sheffield Utd scum absolutely nothing but false hope that they could use it to leapfrog straight back into the premier league. Judging by them slipping further into league 1, and staying put, would suggest it sodded them up more than anything. Lets hope the final 10 million gives the deluded twats even more false hope than ever....

Well said lesley

Jiggs wrote:A sorry mess indeed.....

But you have to look on the bright side.....Our money bought the Sheffield Utd scum absolutely nothing but false hope that they could use it to leapfrog straight back into the premier league. Judging by them slipping further into league 1, and staying put, would suggest it sodded them up more than anything. Lets hope the final 10 million gives the deluded twats even more false hope than ever....

I think you'll find that Kevin McCabe has filtered most of the money we've paid into his back pocket, claiming he is only 'claiming back monies I loaned the club'.

Still, fcuk 'em

even with the last of the cash if they dont get promoted this year they could be in financial trouble

Here's hoping Campo

X 2, hope they rot for ever

Although the 2011 annual report noted an improvement of £5.2 million in the bottom line, this only represented a reduction in the annual loss before tax from £18.8 million to £13.6 million. In other words, Sheffield United have lost an astonishing £32 million over the last two seasons. As the current chief executive, Julian Winter, somewhat unnecessarily stated, the club’s approach “has not worked” resulting in “significant annual losses.”

Some might point to the hefty £10 million impairment charge in 2010, but on the other hand that year also included a sizeable £10.6 million profit on player sales, mainly arising from the sales of Kyle Walker and Kyle Naughton to Tottenham plus Matthew Kilgallon to Sunderland.

Even the £5.8 million profit reported in 2009 is not all it seems, as this includes the net £18.1 million settlement from West Ham for the Tévez affair. If this exceptional item were excluded, the club would have made a £12 million loss that year, which would have meant aggregate losses of around £50 million in the past four seasons. Former chief executive, Trevor Birch pulled no punches when describing this sorry state of affairs, “Since we have been relegated, we have made losses which are unsustainable going forward.”

The only season when a genuine profit was made was unsurprisingly 2006/07, when the club was playing in the Premier League, and even that was only £0.4 million. Following relegation, the chief executive at the time, Jason Rockett, stated, “the Sheffield United business plan is not reliant on Premier League football.” At the risk of sounding like a pantomime audience, “Oh yes it is.” In fact, a few years later, McCabe confirmed this, when he said that the model now in place needed the club to be a Premier League force.

Fuckin wankers....couldn't organise a piss up in a brewery

Marvellous news Campo

Great news Campo , really really really want those losers to go bankrupt

Why anyone would want to visit that shit hole is beyond me

I'll still never understand how anyone ever made a 25m judgement against us to the Blades over the Tevez affair...

it's a decision that defies all logic on every level i look at it from...

It does indeed Mr Monkey

westhamonkey wrote:

I'll still never understand how anyone ever made a 25m judgement against us to the Blades over the Tevez affair...

it's a decision that defies all logic on every level i look at it from...

Might have something to do with the bloke that gave the judgement in their favour was the same bloke handing pout the Blades end of season awards a couple of days later.

Nicki wrote:

westhamonkey wrote:

I'll still never understand how anyone ever made a 25m judgement against us to the Blades over the Tevez affair...

it's a decision that defies all logic on every level i look at it from...

Might have something to do with the bloke that gave the judgement in their favour was the same bloke handing pout the Blades end of season awards a couple of days later.

Is that true Nicki? Or have you just taken me for a simple looking one?

Typical....Drops something like that, and then buggers off

Johnny K wrote:

Nicki wrote:

westhamonkey wrote:

I'll still never understand how anyone ever made a 25m judgement against us to the Blades over the Tevez affair...

it's a decision that defies all logic on every level i look at it from...

Might have something to do with the bloke that gave the judgement in their favour was the same bloke handing pout the Blades end of season awards a couple of days later.

Is that true Nicki? Or have you just taken me for a simple looking one?

how does that window taste ?

Campo

LOL Suzanne. As far as I know it was true or maybe I am a windowlicker too