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Author Topic: Sheffield Utd in trouble now  (Read 2402 times)
Peter Venkman
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« on: Wednesday, July 18, 2012, 10:20:07 »

After not getting promotion last season Sheff Utd face cutting the wage bill. There has been rumours around for a while they are in financial shit.

This is the first step in letting the world know that all is not rosey in the red side of Sheffield.

http://www.thestar.co.uk/news/sheffield-united-blades-staff-face-jobs-cuts-1-4749091

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Sheffield United: Blades’ staff face jobs cuts

Published on Wednesday 18 July 2012 08:35

Sheffield United is to lay off more than a third of its staff following failure to gain promotion from League One.

The Blades are already having to cut the budget for players, as new ‘financial fair play’ rules mean clubs must ensure their wage bill can be covered by income from ticket sales and advertising.

Television revenue is minimal in League One, accounting for just a few hundred thousand pounds.

The Star understands non-playing staff are now also at risk at Bramall Lane, with workers in management roles, administration, ground-keeping and maintenance all under threat.

One Sheffield United worker said: “We have been told the number of redundancies could be more than 20 of around 50 non-playing staff at Bramall Lane.

“The mood is awful and people are understandably very worried.

“It will not be easy to get another job at present.

“Staff in all departments - administration, ticket sales, management, ground and maintenance workers - are all at risk.”

The Star understands the precise number of redundancies has not been decided, and the club is looking to achieve savings rather than laying off a set number of workers.

Another member of staff at Bramall Lane said: “As far as I understand it, it is not so much a number of jobs the club is looking to lose as much as a specific amount of money. It is unfortunately an inevitable consequence of a prolonged stay in League One.”

Sheffield United had been hoping to return to the Championship at the first time of asking following relegation in 2011, and had kept sufficient staff in place, with chairman Kevin McCabe picking up the bill.

But the heartbreaking 8-7 penalty shoot-out defeat by Huddersfield in May’s play-off final at Wembley has meant the club must now ‘live within its means’ with reduced income.

A lengthy stay in English football’s third tier means smaller gates and lower commercial income from advertising and sponsorship.

A Sheffield United spokesman said the club was unable to comment.

The club’s Football in the Community work, providing coaching sessions for youngsters, will not be affected by the job losses because it is funded by grants and its staff are safe.

The Blades have already started taking steps to reduce their wage bill by off-loading some high-profile players from last season’s squad.

Defender Matt Lowton has left for Aston Villa for an undisclosed seven-figure sum.

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Chubbs

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« Reply #1 on: Wednesday, July 18, 2012, 10:34:17 »

oh well
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Barry Scott

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« Reply #2 on: Wednesday, July 18, 2012, 10:38:41 »

Shit happens. With Danny's recent history, their league 1 stay is unlikely to be halted with ascendency.
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Peter Venkman
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« Reply #3 on: Wednesday, July 18, 2012, 10:41:12 »

Shit happens. With Danny's recent history, their league 1 stay is unlikely to be halted with ascendency.
Indeed, yet they still are priced as favourites for promotion with most of the main bookies.
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kerry red

« Reply #4 on: Wednesday, July 18, 2012, 11:02:19 »

There but for the grace of God go we
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@MacPhlea

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« Reply #5 on: Wednesday, July 18, 2012, 11:15:54 »

To be fair, this is simple business economics of cutting your cloth... I'd be more concerned for them in the long term if they weren't doing this...
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wokinghamred

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« Reply #6 on: Wednesday, July 18, 2012, 11:20:20 »

To be fair, this is simple business economics of cutting your cloth... I'd be more concerned for them in the long term if they weren't doing this...
[/quote

Cutting 40% of your non-playing staff sounds a little more severe than just cutting your cloth. Time will tell.
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« Reply #7 on: Wednesday, July 18, 2012, 13:09:08 »

Apparently McCabe has now transferred the ground and the academy ground to his company sheff utd plc away from the football club, rumours are that it is incase administration happens and he can get his money back from owning the grounds, I expect Wilson will back him as the saviour though
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