UK time is: 16:20:27
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

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.




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



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

The Journalist

Writer: Shepsblade Mail feedback, articles or suggestions

Date:Wednesday November 24 2010

Time: 8:48PM

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Sheffield United Articles

Butler Agrees Second Loan Switch (Thursday October 23 2014)

Deserved Yeovil Win For Clough (Wednesday October 22 2014)

Stats: Sheff U v Yeovil (Tuesday October 21 2014)

Team News: Sheffield Utd v Yeovil Town (Tuesday October 21 2014)

Walsall Keen To Extend Butler Loan (Monday October 20 2014)

A Deserved Victory For Clough (Sunday October 19 2014)

Stats: Bradford v Sheff United (Saturday October 18 2014)

Evans Will Be Owners Decision (Thursday October 16 2014)

JPT Clash Live On Sky (Thursday October 16 2014)

Archived Sheffield United Articles

List All Vital Blades Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

League Results (view all)

League Table (view table)

Team P W D L GD Pts
3. Preston 12 7 4 1 12 25
4. MK Dons 12 7 2 3 12 23
5. Notts County 13 6 5 2 8 23
6. Sheff Utd 13 7 2 4 3 23
7. Swindon 12 6 4 2 10 22
8. Oldham 14 5 7 2 5 22
9. Rochdale 13 6 2 5 8 20

Breaking League News

Glovers v Rochdale - Preview
Yeovil : 24/10/2014 15:51:00
Cod Army Preview: Preston North End v Fleetwood
Fleetwood : 24/10/2014 15:07:00
Walsall v Chesterfield
Walsall : 24/10/2014 13:34:00
Smith 'Im hurting as much as anyone'
Walsall : 24/10/2014 13:16:00
Preview: Doncaster Rovers vs MK Dons
MK Dons : 24/10/2014 11:21:00

Current Site Poll (view all polls)

Yeovil MotM
Suggested By:  Site Staff
Howard 1%
Alcock 33%
Basham 0%
McGahey 0%
Harris 0%
Campbell-Ryce 0%
Reed 33%
Doyle 0%
Murphy 33%
Scougall 0%
McNulty 0%
Sub - Flynn 0%
Sub - Higdon 0%
Sub - Baxter 0%