HarryBosch Posted October 21, 2016 Share Posted October 21, 2016 Where did I say they shouldn't expect their 'investment' back? I don't know. Did someone say that you said that? Link to comment Share on other sites More sharing options...
yarddog73 Posted October 21, 2016 Share Posted October 21, 2016 Funny :censored:er on the loose. Link to comment Share on other sites More sharing options...
HarryBosch Posted October 21, 2016 Share Posted October 21, 2016 Link to comment Share on other sites More sharing options...
ChaddySmoker Posted October 21, 2016 Share Posted October 21, 2016 What do you mean "my feeling"? Of course they do. Why wouldn't they? Wouldn't you? If you run a business making annual losses with a view to reaching a profitable situation you might recover those losses out of profits. If you run a business making annual losses but cannot achieve substantial profits you do not recover those losses. If you try to sell that business which is still not achieving substantial profits you do not get the sales price to cover those losses. Sooner or later you have to 'cut your losses.' Hence the expression. They wont get their money back. They just struggle to accept it. Link to comment Share on other sites More sharing options...
super_blue Posted October 23, 2016 Share Posted October 23, 2016 Work has started on the upper room/bar bit...slowly yes but something is happening. Link to comment Share on other sites More sharing options...
Monty Burns Posted October 23, 2016 Share Posted October 23, 2016 Sooner or later you have to 'cut your losses.' Why do they 'have' to? Link to comment Share on other sites More sharing options...
ChaddySmoker Posted October 23, 2016 Share Posted October 23, 2016 Why do they 'have' to? Because they will run out of money, in fact they already have done just look at the squad Link to comment Share on other sites More sharing options...
real Posted October 23, 2016 Share Posted October 23, 2016 Why do they 'have' to?Because a business is generally only valued against its ability to generate a profit against investment. For example, if the North stand cost £6m but only generates £100k of profit annually, it would not be worth paying £6m for it. You'd expect something in the region of £600k as a return against investment. It would therefore only be worth £1m based on the return. That is how the world of business and investment works. Link to comment Share on other sites More sharing options...
Hands on Posted October 23, 2016 Share Posted October 23, 2016 Of course we don't know the financial status of the owners of OEC and OAFC, Corney, Blitz and Gazal, but I suspect if you look at cash flow they are doing OK and don't need to cut and run. They probably recognise that they are unlikely to get all their money back but income/profits generated by non football activities - OEC, car parking (I suspect) and land sales and development - have provided what to most of us would be substantial amounts so I suspect an offer of £10million would only be acceptable if the historical debt and the North Stand debt becomes the responsibility of the buyer. Any buyer would be a fool to take on OAFC which is and still would be controlled* by Blitz and Gazal unless the historical debt is effectively written off. We are stuck where we are - I'm buying my euro millions tickets! *OAFC is controlled by Blitz and Gazal because they can ask for the historical debt back and put the company into receivership whenever they like. Link to comment Share on other sites More sharing options...
ChaddySmoker Posted October 23, 2016 Share Posted October 23, 2016 Of course we don't know the financial status of the owners of OEC and OAFC, Corney, Blitz and Gazal, but I suspect if you look at cash flow they are doing OK They probably recognise that they are unlikely to get all their money back but income/profits generated by non football activities - OEC, car parking (I suspect) and land sales and development - have provided what to most of us would be substantial amounts so I suspect an offer of £10million would only be acceptable if the historical debt and the North Stand debt becomes the responsibility of the buyer. *OAFC is controlled by Blitz and Gazal because they can ask for the historical debt back and put the company into receivership whenever they like. Cash flow problems appear towards the month end when wages are due or when HMRC issue final demands, I do not think that cash flow is OK these days. There are still not sufficient profits from the North Stand. Link to comment Share on other sites More sharing options...
opinions4u Posted October 23, 2016 Share Posted October 23, 2016 Of course we don't know the financial status of the owners of OEC and OAFC, Corney, Blitz and Gazal, but I suspect if you look at cash flow they are doing OK and don't need to cut and run. Given we have paid wages late several times in the last year and gave struggled to develop the stand to any sensible schedule it doesn't feel like oafc cash flow is good. Given the lack of progress of the housing development behind the Chaddy End, there's little evidence of Blitz / Gazal having spare cash to splash either. Any buyer would be a fool to take on OAFC which is and still would be controlled* by Blitz and Gazal unless the historical debt is effectively written off. We are stuck where we are - I'm buying my euro millions tickets! *OAFC is controlled by Blitz and Gazal because they can ask for the historical debt back and put the company into receivership whenever they like. You can put a clause into any sale contract that the debt only becomes due should Latics reach the Premiership. Link to comment Share on other sites More sharing options...
mcfluff1985 Posted October 23, 2016 Share Posted October 23, 2016 People can keep saying businesses generally this or that. This is football. Normal rules don't apply Link to comment Share on other sites More sharing options...
leeslover Posted October 23, 2016 Share Posted October 23, 2016 I still don't understand why people on session on them, "getting their money back." You just make the best decisions based on where you are today. If the OEC were generating money at a rate to repay all the loans you'd be a right :censored:wit to give it away for nothing the second it did. Small point by the way, car park money goes to the club. Link to comment Share on other sites More sharing options...
ChaddySmoker Posted October 23, 2016 Share Posted October 23, 2016 People can keep saying businesses generally this or that. This is football. Normal rules don't apply Try telling that to the bank (Blitz & Gazal.) Link to comment Share on other sites More sharing options...
ChaddySmoker Posted October 23, 2016 Share Posted October 23, 2016 I still don't understand why people on session on them, "getting their money back." You just make the best decisions based on where you are today. If the OEC were generating money at a rate to repay all the loans you'd be a right :censored:wit to give it away for nothing the second it did. I reckon it is a long way away from repaying a significant amount to anybody. How significant that might be has to be balanced against the ongoing losses on OAFC 2004 Ltd by SC. I think that he will be hoping for a good FA cup run to Anfield or likewise Link to comment Share on other sites More sharing options...
opinions4u Posted October 23, 2016 Share Posted October 23, 2016 Small point by the way, car park money goes to the club. People still won't be.ieve you. Link to comment Share on other sites More sharing options...
jsslatic Posted January 17, 2017 Author Share Posted January 17, 2017 If anyone from the club is reading, can you please fix the tannoy? How it doesn't work at all in a brand new facility is beyond me. Link to comment Share on other sites More sharing options...
adamoafc Posted January 17, 2017 Share Posted January 17, 2017 I did ask the club and the SLO and they said 'they are working on it' which means we are doing absolutely nothing. No one on here who could fix it?? ? Link to comment Share on other sites More sharing options...
Dick_Valentine Posted January 17, 2017 Share Posted January 17, 2017 Is it not a genuine safety issue? Like if they need to evacuate the ground for example? Link to comment Share on other sites More sharing options...
maddog Posted January 17, 2017 Share Posted January 17, 2017 Is it not a genuine safety issue? Like if they need to evacuate the ground for example? I thought that. When it wasn't up and running when the stand first opened, they had all the stewards with megaphones in case they needed to do a safety announcement. Now it's broken, it seems these aren't necessary. The fact we may all die if anything goes wrong aside, it is very irritating not being able to hear any announcements about the game or otherwise (had no idea whether it was silence or applause for Graham Taylor on Saturday). Link to comment Share on other sites More sharing options...
laticsmarra Posted January 17, 2017 Share Posted January 17, 2017 Why no one in the higher echelons of the club has the gumption to get it sorted is beyond me. Even if finances are a problem surely it is covered by a warranty Link to comment Share on other sites More sharing options...
HarryBosch Posted January 17, 2017 Share Posted January 17, 2017 The fact we may all die if anything goes wrong aside, it is very irritating not being able to hear any announcements about the game or otherwise (had no idea whether it was silence or applause for Graham Taylor on Saturday). Did the clapping not give it away? Link to comment Share on other sites More sharing options...
palmer1 Posted January 17, 2017 Share Posted January 17, 2017 Did the clapping not give it away? I think the point is now on several occasions including the returning players and announcments after the passing of Jimmy Frizzell the tannoy hasnt worked and people in the main stand are left to guess whats going on despite numerous request over ths last 12 months to fix it. Link to comment Share on other sites More sharing options...
GlossopLatic Posted January 17, 2017 Share Posted January 17, 2017 I'm glad it's not just me that this pisses off I thought I was just being petty. It's actually embarrassing the club haven't done anything about this yet. Link to comment Share on other sites More sharing options...
yarddog73 Posted January 17, 2017 Share Posted January 17, 2017 Clubs run by tinpot amateurs why is anyone suprised. Link to comment Share on other sites More sharing options...
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