Vital Football

Latest Sheffield United News

Blades Restructuring over Losses

Blades Restructuring over Losses

Sheffield United have announced a loss of almost £20million in the last year ending June 2010.

A reported £18million is owed to the Santander bank, with hefty interest which could see the Blades restructure their financial running of the club, as Kevin McCabe speaks of going 'back-to-basics;` something that would suit the majority of the supporters

'I firmly believe the Blades are now in the right position to progress,' said McCabe.

I believe we have the team in place to drive the Blades on as we return to a back-to-basics approach at the football club.'


To do this, it`s thought that United`s far-east ventures could be cut, after failing to bring in the desired revenue, as well as some assets closer to home, including the Copthorne hotel, which currently sits at Bramall Lane.

The reason why restructuring the debts of the club are so vital, is to prevent the same happening as has been seen around the country at clubs such as Portsmouth and Sheffield Wednesday, where winding up orders have been dished out and administration imminent.

With a lack of on-field assets it appears that this news should only damage the Blades off the field, but if the problems worsen, then the wage budget could be reduced even more.

Win FREE pizza with Vital Football!
Select your team and get 50% off if they score twice.
www.papajohns.co.uk/football



Click here to join in the debate on the club forum.

Writer:Shepsblade
Date:Wednesday November 24 2010
Time: 8:48PM

Best of Vital Network

Vital Boxing - Dan Blackwell Retires

Login to post a comment

Recent Sheffield United Articles

Match Day Officials v Coventry (30/4/16)

The Football League have now announced the Match Day officials that will take charge of the game against Coventry City this weekend.

Sheffield United - FL Dates 2016/17

The Football League, or the brainless EFL rebrand, have today released the key dates for the coming 2016/17 season.

Adkins - Barnsley Was Disappointing & Frustrating

Manager Nigel Adkins has demanded that Sheffield United finish the season strongly following a hugely 'disappointing and frustrating' 90 minutes against Barnsley last weekend.

The Blunt Blade - Barnsley

Victory would have taken Sheffield United to within a couple of points of the play-offs, still a difficult amount to overturn, but a draw with Barnsley virtually assures we'll miss out.

Archived Vital Blades Articles

Vital Blades articles from

Site Journalists

Oliver Longden
no email
Profile

Current Poll (see more polls)

Coventry v Sheffield United
Suggested By:
United win100%
Coventry win0%
Draw0%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
1 Wigan 44 23 15 6 84 36
2 Burton 44 24 9 11 81 19
3 Walsall 44 22 12 10 78 15
4 Millwall 44 22 9 13 75 20
5 Bradford 44 21 11 12 74 12
6 Barnsley 44 21 7 16 70 13
7 Gillingham 44 19 12 13 69 17
8 Scunthorpe 44 19 11 14 68 10
9 Sheff Utd 44 18 12 14 66 9
10 Rochdale 44 18 11 15 65 6
11 Port Vale 44 18 11 15 65 4
12 Coventry 44 17 12 15 63 14
13 Southend 44 16 11 17 59 -4
14 Peterborough 44 17 6 21 57 4
15 Bury 44 15 12 17 57 -15
16 Swindon 44 15 10 19 55 -10
17 Oldham 44 12 18 14 54 -9
18 Chesterfield 44 14 8 22 50 -13
19 Shrewsbury 44 13 11 20 50 -17
20 Fleetwood 44 11 15 18 48 -4
21 Blackpool 44 12 10 22 46 -15
22 Doncaster 44 11 12 21 45 -14
R Colchester 44 9 12 23 39 -41
R Crewe 44 6 13 25 31 -37
Latest F1 News
Latest Vital Boxing News

Recent Sheffield United Results (view all)

Sheffield United Fixtures (view all)

Apr 30 2016 3:00PM : Coventry City (a)
Sky Bet League One
May 8 2016 12:30PM : Scunthorpe United (H)
Sky Bet League One

Vital Members League Table

RankNamePoints
1.Olly from the MOD2