fleetwood Blue Posted March 6, 2020 Share Posted March 6, 2020 1 minute ago, sjk2008 said: There has to be an underlying reason why the FLG have been so quietly during all this... True, not heard a peep from them...are they brokering a deal as soon as AL is out? Unless the full debt gets paid then Blitz can still put us into administration and take the club away from AL Link to comment Share on other sites More sharing options...
deyres42 Posted March 6, 2020 Share Posted March 6, 2020 Should be statements ahoy time soon. Link to comment Share on other sites More sharing options...
jorvik_latic Posted March 6, 2020 Share Posted March 6, 2020 1 hour ago, oafc1955 said: How can a sale go through anyway, I’m under the impression the trust have first refusal and 6 months to come up with a bid ? It can be sold as a going concern without triggering the moratorium periods. https://mycommunity.org.uk/help-centre/resources/land-and-building-assets/assets-community-value-acv/ There are two moratorium periods. Both start from the date the owner of the asset tells the local authority of their intention to sell. The first is the interim moratorium period, which is six weeks, during which time a community organisation can decide if they want to be considered as a potential bidder. The other is a full moratorium period, which is six months, during which a community organisation can develop a proposal and raise the money required to bid to buy the asset. The regulations list some situations where the Moratorium will not be applied, even when it is an Asset of Community Value on the list. These include: If the disposal is a gift If the disposal is made between members of the same family If the land or building being disposed of is part of a bigger estate If the disposal is of a building or piece of land on which going-concern business is operating, provided that the sale is to a new owner to continue the same business (for example if an owner of a pub wants to sell the pub to a new owner, to continue running it as a pub). Link to comment Share on other sites More sharing options...
League one forever Posted March 6, 2020 Share Posted March 6, 2020 14 minutes ago, deyres42 said: Should be statements ahoy time soon. ‘After much speculation there were major changes for the club, we are delighted to announce nothing has changed. We urge all fans to buy a season ticket NOW to avoid disappointment’ Link to comment Share on other sites More sharing options...
Oldham82 Posted March 6, 2020 Share Posted March 6, 2020 Still no clearer a joke! Link to comment Share on other sites More sharing options...
BP1960 Posted March 6, 2020 Share Posted March 6, 2020 Confirmed by the BBC We are now left in limbo again, the agony goes on. https://www.bbc.co.uk/sport/football/51768824 Link to comment Share on other sites More sharing options...
underdog Posted March 6, 2020 Share Posted March 6, 2020 9 minutes ago, jorvik_latic said: It can be sold as a going concern without triggering the moratorium periods. https://mycommunity.org.uk/help-centre/resources/land-and-building-assets/assets-community-value-acv/ There are two moratorium periods. Both start from the date the owner of the asset tells the local authority of their intention to sell. The first is the interim moratorium period, which is six weeks, during which time a community organisation can decide if they want to be considered as a potential bidder. The other is a full moratorium period, which is six months, during which a community organisation can develop a proposal and raise the money required to bid to buy the asset. The regulations list some situations where the Moratorium will not be applied, even when it is an Asset of Community Value on the list. These include: If the disposal is a gift If the disposal is made between members of the same family If the land or building being disposed of is part of a bigger estate If the disposal is of a building or piece of land on which going-concern business is operating, provided that the sale is to a new owner to continue the same business (for example if an owner of a pub wants to sell the pub to a new owner, to continue running it as a pub). Shame those Trust people who did the ball breaking work are not around anymore, two years seems such an age now. Well its a good job me and thee know who they are and how to get hold of them if need be. I still have the contact details of the council too, as it took me weeks to find the relevant department who looks after the one and only ACV in the borough in November Link to comment Share on other sites More sharing options...
tony4938 Posted March 6, 2020 Share Posted March 6, 2020 Date could still be brought forward by either party, to keep the points deduction in this season. Link to comment Share on other sites More sharing options...
BP1960 Posted March 6, 2020 Share Posted March 6, 2020 10 minutes ago, tony4938 said: Date could still be brought forward by either party, to keep the points deduction in this season. It reads to me neither party want to do that. Link to comment Share on other sites More sharing options...
underdog Posted March 6, 2020 Share Posted March 6, 2020 1 hour ago, oafc1955 said: How can a sale go through anyway, I’m under the impression the trust have first refusal and 6 months to come up with a bid ? I know Jorvik has answered it better than me Technically, it is not first refusal, but the right to have a bid heard but with no guarantee for it to be accepted. It gives the Trust "time" to raise awareness/funds/all kinds of outside support, if it is a viable option. However, we are back to the two key people really in all this, Al and Blitz. Link to comment Share on other sites More sharing options...
Londonboy Posted March 6, 2020 Share Posted March 6, 2020 Loads of speculation regarding what should and could happen next. For me 2 key elements. Firstly will AL pay the debt to Blitz within the 6 week deadine...if not we go into admin, and secondly does he have the cash to buy the ground from Brassbank outright. Club statement confirming the precise position is urgently required. The current position is completely unchanged from the past few weeks , and will remain so until one of the above is signed sealed and delivered. My guess is he will pay the debt to avoid admin but that the deal to buy the ground will fall through and we will be back to square one again.....fucking Link to comment Share on other sites More sharing options...
BP1960 Posted March 6, 2020 Share Posted March 6, 2020 23 minutes ago, Londonboy said: Loads of speculation regarding what should and could happen next. For me 2 key elements. Firstly will AL pay the debt to Blitz within the 6 week deadine...if not we go into admin, and secondly does he have the cash to buy the ground from Brassbank outright. Club statement confirming the precise position is urgently required. The current position is completely unchanged from the past few weeks , and will remain so until one of the above is signed sealed and delivered. My guess is he will pay the debt to avoid admin but that the deal to buy the ground will fall through and we will be back to square one again.....fucking As I see it AL has no obligation to open the North Stand and pay future rent, only what he owed for when occupying it. There will be virtually no season ticket money coming in the next six weeks so how can he sustain running the club? It looks like he's borrowing, but on borrowed time. Link to comment Share on other sites More sharing options...
rudemedic Posted March 6, 2020 Share Posted March 6, 2020 6 minutes ago, BP1960 said: As I see it AL has no obligation to open the North Stand and pay future rent, only what he owed for when occupying it. There will be virtually no season ticket money coming in the next six weeks so how can he sustain running the club? It looks like he's borrowing, but on borrowed time. Think I saw "Borrowing, but on borrowed time" at Leeds festival c. 2003 Link to comment Share on other sites More sharing options...
BP1960 Posted March 6, 2020 Share Posted March 6, 2020 4 minutes ago, rudemedic said: Think I saw "Borrowing, but on borrowed time" at Leeds festival c. 2003 And I thought I'd made that one up myself? Link to comment Share on other sites More sharing options...
kowenicki Posted March 6, 2020 Share Posted March 6, 2020 Link to comment Share on other sites More sharing options...
kowenicki Posted March 6, 2020 Share Posted March 6, 2020 Club Statement After working extremely hard over the past week to secure the future of Oldham Athletic, we are very pleased to be able to provide an update regarding the application for administration made by Brass Bank Limited (current owners of Boundary Park). The Club has reached an in-principle agreement with Brass Bank to purchase Boundary Park and the surrounding land. The Club has also paid Brass Bank a significant sum towards the final settlement figure. Contrary to reports, the ownership of the Club has not changed at all. The application was heard at 14:00 today, and adjourned until 21 April 2020 at the request of both the Club and Brass Bank, allowing the parties further time to formalise the agreement and for the Club to pay final sums to Brass Bank. In terms of the North Stand, this agreement means that we can begin to sell season tickets for next year. We will update fans with the details as soon as possible. We will of course now also be working on completing the safety improvements mandated by the Council safety advisory group and hope to re-open the stand as soon as these are satisfied. We know that this has been a very unsettling time for the fans and all associated with Oldham Athletic AFC. We believe this to be the right deal for the future of the Club and that it will, once complete, put us in a far stronger position to be able to deliver the experience, football and results we all desire. The focus can now turn back onto to the pitch tomorrow and we know our great away support will be cheering on the players at Crawley Town. Link to comment Share on other sites More sharing options...
OAFC_ULTRA Posted March 6, 2020 Share Posted March 6, 2020 So now he is happy to do deals with the person he claimed should be investigated by the police, and pay rent that apparently he shouldn’t have to pay. The muppet will soon own the ground and there is a big question mark as to where the funds are coming from. The way the owner and his minions have conducted themselves in recent months has been nothing short of disgraceful. For me, this changes nothing and I will not be renewing my season ticket next year, for the first time in 30 years. I genuinely fear for the club, it really is the next club to go out of business Link to comment Share on other sites More sharing options...
GlossopLatic Posted March 6, 2020 Share Posted March 6, 2020 "In terms of the North Stand, this agreement means that we can begin to sell season tickets for next year". But with no concrete guarantee anyone will be able to sit in it to watch football in that stand or any stand whats the incentive? In reality all they have done here is kick the can down the road. Link to comment Share on other sites More sharing options...
Chris15Arm Posted March 6, 2020 Share Posted March 6, 2020 4 minutes ago, GlossopLatic said: "In terms of the North Stand, this agreement means that we can begin to sell season tickets for next year". But with no concrete guarantee anyone will be able to sit in it to watch football in that stand or any stand whats the incentive? In reality all they have done here is kick the can down the road. It also says they are completing the safety regs asap. To be fair to AL it's a good statement. We have all been asking, has the debt been paid, has the stadium been bought, has the safety cert been fixed, has bassini bought the club. Answers everythin and no matter what anyone says about any owner, Im Glad to have our stadium back under the clubs brolly. The only question I want answering is hows it being paid for. His own money that he didnt want to use? Or a Loan? Link to comment Share on other sites More sharing options...
Hands on Posted March 6, 2020 Share Posted March 6, 2020 Interesting! Implies that the club is going to buy the ground and surrounding land and has made a payment towards the final settlement figure. This is at odds with AL having paid some of the money owed but then you would not have expected both parties to be singing from the same hymn sheet. Not the outcome I was hoping for - I hope it all breaks down and we go into administration by 16.49 on the 26th March. I will still wait for All Fools' Day before renewing, if I do, my season card. P.S. It is dumb beyond belief for the owner of a football club to put ownership of the stadium with the football 'business'. It needs to be held safely somewhere else so its sale isn't available to fund debts on administration with a lease to the football club - same ownership but not in the same entity. Link to comment Share on other sites More sharing options...
GlossopLatic Posted March 6, 2020 Share Posted March 6, 2020 1 minute ago, OAFC_ULTRA said: So now he is happy to do deals with the person he claimed should be investigated by the police, and pay rent that apparently he shouldn’t have to pay. The muppet will soon own the ground and there is a big question mark as to where the funds are coming from. The way the owner and his minions have conducted themselves in recent months has been nothing short of disgraceful. For me, this changes nothing and I will not be renewing my season ticket next year, for the first time in 30 years. I genuinely fear for the club, it really is the next club to go out of business He won't own the ground if he can't provide the funds. He has paid off a "significant sum" of the £600k that he owes and has done for sometime. Where is he going to find 10x that to buy the ground? Link to comment Share on other sites More sharing options...
al_bro Posted March 6, 2020 Share Posted March 6, 2020 14 minutes ago, kowenicki said: Club Statement After working extremely hard over the past week to secure the future of Oldham Athletic, we are very pleased to be able to provide an update regarding the application for administration made by Brass Bank Limited (current owners of Boundary Park). The Club has reached an in-principle agreement with Brass Bank to purchase Boundary Park and the surrounding land. The Club has also paid Brass Bank a significant sum towards the final settlement figure. Contrary to reports, the ownership of the Club has not changed at all. The application was heard at 14:00 today, and adjourned until 21 April 2020 at the request of both the Club and Brass Bank, allowing the parties further time to formalise the agreement and for the Club to pay final sums to Brass Bank. In terms of the North Stand, this agreement means that we can begin to sell season tickets for next year. We will update fans with the details as soon as possible. We will of course now also be working on completing the safety improvements mandated by the Council safety advisory group and hope to re-open the stand as soon as these are satisfied. We know that this has been a very unsettling time for the fans and all associated with Oldham Athletic AFC. We believe this to be the right deal for the future of the Club and that it will, once complete, put us in a far stronger position to be able to deliver the experience, football and results we all desire. The focus can now turn back onto to the pitch tomorrow and we know our great away support will be cheering on the players at Crawley Town. AL wants to buy out Brassbank entirely then. Not just the stadium and car park. Link to comment Share on other sites More sharing options...
GlossopLatic Posted March 6, 2020 Share Posted March 6, 2020 1 minute ago, Chris15Arm said: It also says they are completing the safety regs asap. To be fair to AL it's a good statement. We have all been asking, has the debt been paid, has the stadium been bought, has the safety cert been fixed, has bassini bought the club. Answers everythin and no matter what anyone says about any owner, Im Glad to have our stadium back under the clubs brolly. The only question I want answering is hows it being paid for. Money he didnt want to use? Loan? Your Wrong! It is not back under our Brolly they have agreed a fee principle that is not the same as buying it. Simon Blitz and Brassbank still own the ground. Link to comment Share on other sites More sharing options...
nzlatic Posted March 6, 2020 Share Posted March 6, 2020 The statement is a bit misleading. He’s not even cleared his debt to Blitz as admin is still on the table. Let alone stumped up any money toward purchasing the lot. Link to comment Share on other sites More sharing options...
kowenicki Posted March 6, 2020 Share Posted March 6, 2020 Come on. Some of you are stretching here. It’s a very clear and unambiguous statement. The question remains though....will it happen? Will he be able to complete? Time will tell. Link to comment Share on other sites More sharing options...
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