real

This forum's gone to :censored:.

Let me know where you are and I'll call the police. I assume someone is holding a gun to your head and forcing you to read this stuff against your will.

 

As they are foreseeable shouldn't that money have been ring fenced ?

Yep. There's a generally accepted list of people who you pay first - staff and taxman are high up on the list. The former can wreck a business through lack of motivation the second can close you down. You could also add football debts as transfer embargoes kick in.

Meanwhile spending £6m on your ground but crying pauper status shortens people's patience when chasing debts, so you shouldn't moan when they dob you in.

When I say crop up I don't mean out of the blue. But you knew that.

 

So what will the fans do knowing in advance there is a 300k bill to pay yet the crowds are below what they need to be to turn a profit?

I can't really give a suggestion without speculating, which wouldn't be based on facts, so it's better to leave that one.

What happens when that 300k tax bill crops up and the club is fan owned?

Tax bills don't just "crop up".

How naive do you have to be to claim that a completely foreseeable payment "crops up".

As for clauming people are having a go at nnn, that's just you putting a spin on comments without any facts to back it up.

Assuming 500 other people took up this offer and Corney was true to his word regarding giving 75% away

 

A 0.0015% stake in Oldham Athletic Simon Corney would get you're £5000 you will get a 0.0015% of any dividends that the club pays out in profit which would only be a certain % of that profit and bearing in mind it's a lower league football club that never makes a profit that looks highly unlikely you will ever see you're £5000 again until someone bought it off you.

 

I'm not sure how serious but that offer from Corney was he may have been talking hypothetically but I'd be amazed if people were mad enough to do this basically you would be giving him £5000.

 

It's a no from me.

I'd agree with that. He's basically offering to write off past year losses (which should be written off anyway as the debt hasn't built any improved performance) and then sell for £2.5m something he/his partners paid £1 for and have managed to halve the number of paying customers. He'd retain all assets and in doing so would limit any scope for progress.

We'd be in the same situation Stockport were with Kennedy.

It's the ones who post :censored: as fact with zero proof that annoy me most

Not sure why you're obsessed with me then. You won't find anything from me like that.

Can you ask Corney if he still feels that when he leaves this club it will be in better shape than when he joined as promised numerous times?

 

With the land sold etc etc etc how can he say yes?

The receipts for the medical facility, hospital parking, housebuilding etc could well have given Brassbank a decent return, but it's an unknown.

Because you'll just sit on here spouting like the rest

Unlike you ranting at anyone you don't agree with like a petulant 10 year old who's learned a few swear words.

I've sent my thoughts to nnn and I don't know why you think people are not entitled to express views and debate on a forum without attending a few meetings. You seem to be a bit obsessed about it.

OEC is a separate company, why should we know that?

It's controlled by someone with a conflict of interest with the club. It also presents a reputational risk to the club, so it would be sensible for the club (therefore the trust board member) to have opportunity to review its finances.

It does go towards paying off the debt of building it though.

Does it? Or is it just the unknown rental income?

And how much profit does OEC take?

Why don't you go and ask him

Almost every response has queried the finances in the conversation. It's flattering that you think mine is most worthy of attention but I think it's best to let nnn lead on this.

It is but would this go up if/when the top floor offices and supporters bar were built?

If the £200-300K includes ticket sales then it's overstated. Those sales are not a result of the new investment, they are simply diverted from other stands.

This sort of statement needs to be clear and precise if it's going to be made, otherwise it could mean pretty much anything.

I didn't really explain it did I, apologies...

 

Yep we have monthly trust board meetings and notes are published but does the club?

 

It was the football club board meetings I was querying, and I assumed that Simon Brooke should be attending and asking why they are not happening if they aren't.

I have also looked for Trust meeting minutes but can't see any on the site since the June AGM

Is there still a board in operation?...I know there are people registered at corporates house and I know there have been some resignations/movers. When's the last time any meeting notes were published, aren't they suppose to?

Isn't Simon Brooke on the board? He's a director of the club, so he should be.

Unless I've misunderstood what you mean?

I'm baffled about how you think putting water (by definition above freezing point) onto a none frozen pitch with above 0 degrees air could make the pitch freeze. I haven't got a clue what happened but I doubt it overturned the laws of physics.

Wind chill?

Reported temperature is based on sheltered from both sun and wind.

I haven't checked wind speed or prevailing direction though.

 

 

I know that the internet allows a certain social mobility which was previously unavailable, but sometimes there are more apt channels of communication.

 

For example, have you reported to the police your allegations of misappropriation of funds? If true, the incumbent chairman would be relieved of his duties rapidly, which is what you want.

 

Or, you could write to local MP Jim McMahon. He has a duty to hear your concerns and would presumable be in a position to advise as to the current precarious state of the club and any eventual malpractice. He has, of course, during his time as council leader, dealt intimately with the club.

 

If, on reflection, you think the club is merely poorly run, why not become a director? I'm fairly certain a donation of £100,000 would do the trick. Or if you've a bit more spare cash hanging around, you could make an outright offer for the club - you never know - and that way you could demonstrate how blindingly easy it is to run a League 1 outfit and we could all enjoy subsequent promotion to the Championship.

Why would the police or an MP be interested in how the main shareholder of a business distributes revenue?

Stop :censored: stirring and trying to turn the questions into something else?

And my point is proven again.

Why is your "point" about me, not the issue? You are just demonstrating your petty obsession yet again.

Grow up.

Must be nice living in a black and white world.

Black/white

Lawful/illegal

Are you suggesting the trust director is playing a grey game with his legal responsibility?

You do know that directors can be prosecuted and barred don't you.

You need to find an easier target. You're not even close here

Correct in theory ...

And if the trust are not applying the theory then the line about them having knowledge via the shares and the seat are pointless and has no relevance.

In effect, the trust directors post is a sham. If you are alleging that he's not performing his Lawful duty, I think you should say so.

Personally I hope he is

There is a risk that board meetings might have the Trust's man at the table but suddenly include a lot less information.

This would be a breach of company law AFAIK. Each director is liable for the actions of the company unless they can defer to another directors to specific responsibility eg finance director for accounting issues.

The seat on the board entitles the director to full access. The director should not accept any limitations on this.

 

Does it really matter?

Does it really matter to you that I made the suggestion?

Whilst the LMA is concerned with sackings, the culture of managers to leapfrog through jobs has an impact on loyalty shown by clubs. It's a 2 way thing.

I had that one crop up in an interview recently and it caught me off guard.

 

Another one I got was describe to you're 8 year old niece what a Balance Sheet is and how it works.

 

So Nonaenever Describe Oldham Athletic to you're 8 year old niece and how it needs to be run.

Was the job finance business partner to senior management?

On top of that dangling the carrot of a seat on the club board after serving as trust rep on the club board risks the post being compromised. It's something that the trust should be guarding against.

It's already happened once and there's nothing in place to stop it happening again.

 

Add to this the fact that there seems to be a worrying idea going around that people would actually prefer the club to be relegated or to go bust than continue to struggle as we are doing.

 

 

Where has anyone suggested going bust is a good idea?

What is currently happening is not working. Crowds down, a very small budget, 7 day income doesn't go to the club, but debt resulting from 7 day facilities does.

Asset stripping is more discreet than it used to be, but if you want to wait until there's cast iron proof we'll be in the same boat as BHS employees. And there won't be any government led investigation.