http://news.bbc.co.uk/sport1/hi/football/teams/s/sheff_utd/7754524.stm</p><div class="mxb"> <h1> Blades suffer for 'Tevez affair' </h1> </div> <table width="226" cellspacing="0" cellpadding="0" border="0" align="right"> <tbody><tr><td> <div> <div class="cap">McCabe says the Blades are still paying Premier League wages</div> </div> </td></tr> </tbody></table> <p class="first">Sheffield United chairman Kevin McCabe has blamed the club's losses for the financial year ending 30 June on the 'Carlos Tevez affair'. </p> The Blades recorded an operating loss before interest and tax of £3.5m, having posted a £2.7m profit the previous year. </p> McCabe blamed the loss on relegation from the Premier League in 2007. </p> West Ham stayed up at the Blades' expense, despite an arbitration panel ruling Tevez was ineligible. </p> In a statement, McCabe said: "One can only ponder as to the potential turnover and profitability that may have been achieved were it not for the circumstances and events emanating from the media-named 'Tevez affair'." </p> The club maintained their salary spending on the first-team squad at Premier League levels to increase the chances of promotion. </p> The Blades reduced their football-related bank debt by £7.2m. The football debt remains at just over £3m. </p> McCabe added: "Turnover in 2008 was £32.1m, a reduction from the £44.2m of 2007, arising from our unjust relegation from the Premier League in May last year and thankfully limited due to the success of our off-the-field interests." </p>
Re: He really is taking the p!ss now..........just seen the post below-still no harm in a double pos Thats fair enough, i hope barnsley start drawing up figures to hit Blunts with on how much money we've lost through lack of shirt printing sold now that hume is out injured, and for the reduction in the number of iain hume team photo's sold ect
RE: He really is taking the p!ss now..........just seen the post below-still no harm in a double pos Do any Blunts actually believe that the real reason they didn't stay up was because they arn't actually good enough? No, thought not.</p> They're thicker than bleedin' pigswill! </p>
I enjoy reading articles like that The angst and sense of mistreatment they clearly feel delights me</p> Schardenfreuder</p>