longtimeblue Posted January 31, 2020 Share Posted January 31, 2020 26 minutes ago, TheBigDog said: Going into Administration right now would mean a 12 point deduction. This would leave us bottom of the league.by one point and staring at the abyss. I honestly think we'd really struggle to make the playoffs if that happened. Link to comment Share on other sites More sharing options...
Dave_Og Posted January 31, 2020 Share Posted January 31, 2020 28 minutes ago, TheBigDog said: Going into Administration right now would mean a 12 point deduction. This would leave us bottom of the league.by one point and staring at the abyss. The short term is close to irrelevant Link to comment Share on other sites More sharing options...
oafcmetty Posted January 31, 2020 Share Posted January 31, 2020 27 minutes ago, jsslatic said: The only news in there, if it's true, is that Blitz is consulting administrators. And that's not a surprise in the light of what he said the other week. Limited value in putting us in administration now, far better to do it at the end of the season when he can have a fire sale of anybody with any value whatsoever. I suspect it's a tip off from Blitz trying to get some movement on the North Stand shambles/debts generally, which seems perfectly reasonable. Do it now before he can get his hands on the ST money? Link to comment Share on other sites More sharing options...
oafcmetty Posted January 31, 2020 Share Posted January 31, 2020 . Link to comment Share on other sites More sharing options...
lookersstandandy Posted January 31, 2020 Share Posted January 31, 2020 52 minutes ago, oafcmetty said: Do it now before he can get his hands on the ST money? 27th March is the cut off for the points deduction to be applied to this season's tally. If we can get say 18 points clear by that date.... Link to comment Share on other sites More sharing options...
disjointed Posted January 31, 2020 Share Posted January 31, 2020 The race to the bottom could be decided by who gets the biggest points deduction. Link to comment Share on other sites More sharing options...
wiseowl Posted January 31, 2020 Share Posted January 31, 2020 11 hours ago, Chris15Arm said: I'm not clued up in the law, so someone correct me if I'm wrong, but if it's under police investigation for monies owed or missing or ownership debates etc, no other court action can take place as blitz cud evict us and then be found to have no legal rights or owe money himself etc. Obviously the north stand issue is fucked up either way ur support goes, but the sun are such shocking reporters its unreal. Cash strapped club..... a few sentences later..... wage bill has tripled. And they have 56 players on the books. Contradiction is enormous. Theres unwanted goings on regarding the north stand but I would take anythin the sun said with a bag full of salt never mind a pinch There is nothing to stop action in the civil courts, even whilst a criminal investigation is ongoing (IF indeed there is). In fact, it's quite common. Banks, for example, may take court and/or insolvency proceedings against alleged fraudsters whilst the police investigate the criminal aspect. The burden of proof in a civil case is far less (balance of probabilities) than that required in a criminal case (beyond reasonable doubt) so, in fact, it often makes sense for someone to protect their assets or enforce their rights in a civil court whilst a criminal investigation/criminal proceedings are ongoing. The harsh reality too, is that the police nowadays are very ill equipped to deal with financial crime. Most effective fraud squads were shut down years ago and even in places like the City of London Police (seen as the gold standard) far too many financial crime cases simply get filed. Link to comment Share on other sites More sharing options...
tGWB Posted January 31, 2020 Share Posted January 31, 2020 1 hour ago, BP1960 said: I'd have thought you can't own or part own players or use them in a syndicate. Staggering that either party could even discuss such an idea Speaks volumes Link to comment Share on other sites More sharing options...
BP1960 Posted January 31, 2020 Share Posted January 31, 2020 4 minutes ago, wiseowl said: There is nothing to stop action in the civil courts, even whilst a criminal investigation is ongoing (IF indeed there is). In fact, it's quite common. Banks, for example, may take court and/or insolvency proceedings against alleged fraudsters whilst the police investigate the criminal aspect. The burden of proof in a civil case is far less (balance of probabilities) than that required in a criminal case (beyond reasonable doubt) so, in fact, it often makes sense for someone to protect their assets or enforce their rights in a civil court whilst a criminal investigation/criminal proceedings are ongoing. The harsh reality too, is that the police nowadays are very ill equipped to deal with financial crime. Most effective fraud squads were shut down years ago and even in places like the City of London Police (seen as the gold standard) far too many financial crime cases simply get filed. No crime cases of any description should be filed without an investigation. Link to comment Share on other sites More sharing options...
BP1960 Posted January 31, 2020 Share Posted January 31, 2020 1 minute ago, tGWB said: Staggering that either party could even discuss such an idea Speaks volumes I wonder if this is an offence under EFL/FA regulations? Link to comment Share on other sites More sharing options...
100milesaway Posted January 31, 2020 Share Posted January 31, 2020 56 minutes ago, oafcmetty said: Do it now before he can get his hands on the ST money? There wont be any season ticket money. Link to comment Share on other sites More sharing options...
ceskylatic Posted January 31, 2020 Share Posted January 31, 2020 https://www.oldhamathletic.co.uk/news/2020/january/31012020-club-statement/ Link to comment Share on other sites More sharing options...
BP1960 Posted January 31, 2020 Share Posted January 31, 2020 Just what we need after the team has a promising result. Link to comment Share on other sites More sharing options...
Luis Enrique Posted January 31, 2020 Share Posted January 31, 2020 7 minutes ago, ceskylatic said: https://www.oldhamathletic.co.uk/news/2020/january/31012020-club-statement/ Doesn’t want it in the media. But has been talking on the record to the s*n about it since November last year. Joke. Link to comment Share on other sites More sharing options...
disjointed Posted January 31, 2020 Share Posted January 31, 2020 Times like this you just despair. Link to comment Share on other sites More sharing options...
tGWB Posted January 31, 2020 Share Posted January 31, 2020 15 minutes ago, BP1960 said: I wonder if this is an offence under EFL/FA regulations? According to the Sun, Corney surprisingly hasn't received a penny as yet No benefit received, no breach in regulations You couldn't make this lot up could you Link to comment Share on other sites More sharing options...
DarkStar Posted January 31, 2020 Share Posted January 31, 2020 15 minutes ago, BP1960 said: Just what we need after the team has a promising result. Yep, it's happened again BP. Link to comment Share on other sites More sharing options...
HarryBosch Posted January 31, 2020 Share Posted January 31, 2020 1 hour ago, oafc1955 said: If we went into admin I think there would be quite a bit of interest in a takeover! ***********ABDALLAH OUT*********** That's the good thing with this - people will be hovering. The bad part of that is some of them will be as bad/worse than AL/Corney... Link to comment Share on other sites More sharing options...
HarryBosch Posted January 31, 2020 Share Posted January 31, 2020 2 hours ago, TheBigDog said: Going into Administration right now would mean a 12 point deduction. This would leave us bottom of the league.by one point and staring at the abyss. At least we'd have something to play for..... Link to comment Share on other sites More sharing options...
HarryBosch Posted January 31, 2020 Share Posted January 31, 2020 38 minutes ago, disjointed said: The race to the bottom could be decided by who gets the biggest points deduction. We've not won anything for 29 years but I'd back us to win a competition like that..... Link to comment Share on other sites More sharing options...
wiseowl Posted January 31, 2020 Share Posted January 31, 2020 Aside from everything else that is allegedly going on the fact that less than 3,000 fans (and only 2,566 home fans) turned out for the last home game, when admission was only £5, illustrates perhaps the greater issue. Actual cash via the turnstiles (i.e. take out season ticket holders and free tickets) would have been around £5k at best. The cashflow/income situation looks dire to a casual observer. Link to comment Share on other sites More sharing options...
OLDHAMADE Posted January 31, 2020 Share Posted January 31, 2020 1 minute ago, wiseowl said: Aside from everything else that is allegedly going on the fact that less than 3,000 fans (and only 2,566 home fans) turned out for the last home game, when admission was only £5, illustrates perhaps the greater issue. Actual cash via the turnstiles (i.e. take out season ticket holders and free tickets) would have been around £5k at best. The cashflow/income situation looks dire to a casual observer. The stay aways are seeing their plan come to fruition, stemming the flow of capital the club needs for even the basic day to day running, the bumper is nearing that brick wall. Link to comment Share on other sites More sharing options...
TheBigDog Posted January 31, 2020 Share Posted January 31, 2020 2 hours ago, Dave_Og said: The short term is close to irrelevant Close to but not entirely irrelevant. Link to comment Share on other sites More sharing options...
Midsblue Posted January 31, 2020 Share Posted January 31, 2020 OK let’s park the points deduction for a second. Blitz presses the button, we go into administration - would Blitz be biggest creditor and theoretically have first dabs on acquiring the club? What about Lemsagam and what club owes him or, because he’s the owner, he has to write that off and cannot reclaim from new owners?! If Blitz acquired, he could then potentially sell it as part of the OEC deal to a FLG...or another interested party. Would new owners be able to place all players onto consultation and pick/choose who to keep and who to release? Just thinking, we could get rid of the fuckwits in boardroom, deadwood in the team and then focus on pulling away from relegation with enough games to play..... Link to comment Share on other sites More sharing options...
oafcmetty Posted January 31, 2020 Share Posted January 31, 2020 1 hour ago, HarryBosch said: That's the good thing with this - people will be hovering. The bad part of that is some of them will be as bad/worse than AL/Corney... i.e. Bassini. Who was at the Stevo game as a guest of AL Link to comment Share on other sites More sharing options...
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