Thanks for this information Barry, I hope your beliefs are correct that Simon B and Daniel will not jeopardise the future of the club (for the time being at least). Like you say the Club owes them a substantial sum which cannot be repaid at the moment (reckon we probably owe over £5 million). I think we can continue to play at Boundary Park until 2014, should we be able to survive that long, when we could be forced to vacate. Meanwhile, do you know if building work is to continue around the ground, which would effectively mean that any new investment would not involve buying back the BP site for re-development?
If we are not being charged rent, the debt owing is not being called in and we are being allowed time to attract new investment, then at least there's hope. Presumably new investment will have to be at least £25 million - i.e. pay off the debt and fund "Failsworth".
Obviously, the better the team performs this season and the higher up the league we get, then more attention will be focused on us which can only help attract investment. I get the feeling that the next 12 months is make or break for us.
For the record, in reply to earlier posts, I obtained a few documents from Companies House last week and can confirm that in OAFC Simon Blitz has 49 Ord £1 A shs, Daniel Gazal has 48 Ord £1 A shs, so they are the club's owners. In addition they both have 1 Ord £1 share each in Brassbank Ltd, but this company is dormant and the latest filed accounts for the year ended 31/10/08 show that the company had net assets of £2 i.e. the issued share capital. The BP site therefore is not held within this company, but it doesn't really matter as there is no argument that Messrs Blitz & Gazal own it. The purpose of my enquiry into this company was to establish what the latest balance sheet value of any land held was and compare it with the 1996 figure (between £4 and5 million) and the price they paid for it in 2004 (£4.5 million reported elsewhere). Just seems to me that they got a good deal based on the 1996 value.
Cheers
Ray