The following is a quote from Ian Rankins Blog, A United View On Football.
" In simple terms this means that Sheffield United PLC will own the real estate assets of the Group,leasing them on appropriate terms to Sheffield United Football Club Ltd.The non real estate football club assets will continue to be owned by Sheffield United Football Club Ltd"
the above is an extract from a letter dated 11/07/1 sent to the shareholders.
My reaction is that Mr McCabe is securing his investment against a background of recent negative forecasts regarding the ongoing concerns of further down turns in the UK economy.Cant say I blame him.Not sure what it means for our club,but in the short term it will not, imo, make much difference to things on the field.I think our financial plans in terms player turn over are now in place for this season and we will not,or he will not, be splashing the cash.
A good read and worth the effort is [email protected]
.Also some interesting comments from David R re similarities between our club and Rotherams a few seasons ago