Trevor Birch has confirmed what many have suspected for a while. The football club has been funding other parts of McCabe’s empire. SUFC is solvent but “The Business” is losing money. He is not prepared to invest any more money and thinks it is time the club stood on its own two feet! Well, maybe it would if it were not carrying the Hotel and Chengdu. Everyone makes mistakes but these are bloody expensive ones.
Appointing Bryan Robson as manager was McCabe’s biggest clanger and a financial catastrophe. Captain Marvel was chosen because he was a big name and would raise the profile of the club. He did not just employ a poor manager he gave him the biggest transfer budget of any manager in our history. He gambled with the parachute payments and lost spectacularly. The recession alone should not have hurt us but coupled with the Robson debacle it is a different story.
The hotel is a needless luxury. It is a folly that we did not want or need. If we were an established premiership club, you could understand it. Not many championship clubs feel the overwhelming desire to build their very own hotel. It was built because one man wanted it building. It will not win us any games nor score the winning goal in the play-off final. That is £18 million that we could have avoided shelling out.
As well as selling our better players, any chance we can offload Chengdu? After all, it is a sound investment we are led to believe so there should be no problem finding a buyer. The Ferencvaros link is the amusing one. That does have potential but our Kevin has resisted the urge to re-name them Ferencvaros Blades. Unlike the Chinese club McCabe owns Fradi, so if it does come good these proceeds go straight into his back pocket.
At least, the truth has come out and the idiots can stop hailing him as some kind of messiah who has our best interests at heart. He has used the club to increase his wealth and at the same time has saddled us with debt. He is looking for fresh investment rather than a takeover. In other words, he wants to have his cake and eat it. Fingers crossed the next chairman does not have a surname starting with Mc.
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Friday, 5 February 2010
Cut your coat according to your cloth
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