The Family Club

[monzaman]

10 minutes ago, Top4719 said:

Never said it was, I said it eats up your parachute payments which it does, you tried to imply you didn't even have a loan at all then change your tune and tried to make it sound like a good thing, it isn't.

Again you are changing what you said, I have never ever never ever said we don't have a loan so stop lying and changing your long drawn out fantasy story to try and discredit the Blades just because you don't like us

[Top4719]

13 hours ago, monzaman said:

Again you are changing what you said, I have never ever never ever said we don't have a loan so stop lying and changing your long drawn out fantasy story to try and discredit the Blades just because you don't like us

I've said nothing that isn't 100% true.

[Sheridan1-0]

On 08/04/2024 at 09:36, monzaman said:

Read the threads back without sniffing something first please. You have changed your story you always do and then carry on and on and on trying to convince someone. We have a loan, we have not signed a contract with the devil, it is not the end of the club because we have a loan THAT'S IT nothing more so stop it , I can't help it If you don't like the Blades so calm down.

I think the point being made is that the Parachute Payments you’ll get,will all be swallowed up repaying the loan….

[monzaman]

3 hours ago, Top4719 said:

I've said nothing that isn't 100% true.

Where have I said we don't have a loan, come on Liar show me!!!!

Everything I have said is true, you talk crap and then change the story all the time when caught out, nothing changes you have done the same for years on here 

[monzaman]

49 minutes ago, Sheridan1-0 said:

I think the point being made is that the Parachute Payments you’ll get,will all be swallowed up repaying the loan….

Yes that's his latest point which is what he is saying now he has been caught out AGAIN. 

It's pathetic to read the crap he posts about our finances and all driven by his hatred of the blades

[Sheridan1-0]

8 minutes ago, monzaman said:

Yes that's his latest point which is what he is saying now he has been caught out AGAIN. 

It's pathetic to read the crap he posts about our finances and all driven by his hatred of the blades

But it’s not his latest point mate…If you look at post 9 it’s saying that United’s parachute payment will be swallowed up by using it to repay the loan ..

 

Its not about having a loan or about how many other clubs have one with the same company…

 

With the greatest respect…I think you appear to have missed the point Tops is making…

 

 

[monzaman]

10 minutes ago, Sheridan1-0 said:

But it’s not his latest point mate…If you look at post 9 it’s saying that United’s parachute payment will be swallowed up by using it to repay the loan ..

 

Its not about having a loan or about how many other clubs have one with the same company…

 

With the greatest respect…I think you appear to have missed the point Tops is making…

 

 

No Sheridan this topic with our finances has been going on for nearly three years with him and this is his latest resurrection of it which he has now toned down greatly to just say our parachute payments will pay the loan. At the start we would be going under because taking out a loan proved this, then the loan company was the most dodgy company ever known to man, then we couldn't afford the loan, then we had a massive debt because of the loan, It's relentless with him, he does it with other topics and just repeats the same crap even when it is explained to him that what he is saying is over the top and bending the truth for his own biased purposes. We have a loan that's it in a nut shell!!!

[m williamson]

Keiron Maguire is an academic who specialises in the accountancy of association football.

 

Here he is talking about Sheffield United's situation whilst also explaining in general how things work.

Anyone who's genuinely interested in facts should give it a watch.

 

https://www.youtube.com/watch?v=NAKSOscZfGs

 

Basically my interpretation is that the games gone mad, but I'm sure most of you had worked that out for yourselves 🙄

[Alextopman]

It's a nice new training ground we've bought.

[Top4719]

6 hours ago, monzaman said:

No Sheridan this topic with our finances has been going on for nearly three years with him and this is his latest resurrection of it which he has now toned down greatly to just say our parachute payments will pay the loan. At the start we would be going under because taking out a loan proved this, then the loan company was the most dodgy company ever known to man, then we couldn't afford the loan, then we had a massive debt because of the loan, It's relentless with him, he does it with other topics and just repeats the same crap even when it is explained to him that what he is saying is over the top and bending the truth for his own biased purposes. We have a loan that's it in a nut shell!!!

Its been going on for three years for a reason, let me explain your clubs situation to you as you don't seem able to/or want to.

 

Your chairman took out a loan with McQuarrie when Wilder took you into the Prem, the repayments were based on Premier League income, obviously once your Prem status ended the loan first had to be extended by a year to lessen the payments and used all your parachute money up leaving the club strapped for cash, payments for players and bills were not made, the parachute payments would have dried up a year before the end of the loan, you had no money in the tank to meet the payments, fortunately Heckingbottom took you up and the new Prem money was used to pay off some of the debt, the chairman then decided to take a further loan from the same company which runs to 2027, on relegation this will again eat up the parachute payments, whether the club is financially better than it was after the last relegation I've no idea but the parachute payments will not be used to strengthen the playing squad in the next three years.

 

If you want to refute any of the above come back with facts rather than bluster and accusations, that's how you win arguments.