leeslover Posted February 16, 2010 Share Posted February 16, 2010 As earlier advertised, Mark (Latics & England) and I are going into the Club next week to take up their offer for fans to have a look into the books with Messers Corney and Hardy and the club accountant. We are happy to take any specific questions from people with us. To save time, the sort of things we will be hoping to bring you details of would include: The current levels of loss making within the club The nature of the debt on the clubs books The general levels of income and expenditure (wage bill, ground upkeep, marketing, catering and so on – of course within the bounds of confidentiality) Where possible we will also ask questions regarding the future financial model for the club, although I guess a lot of this depends on whether Failsworth can be made to happen and who else comes on board. So over to you lot, post here or PM either of us and if possible we will add your questions to the agenda. Mark and Andy Quote Link to comment Share on other sites More sharing options...
jsslatic Posted February 16, 2010 Share Posted February 16, 2010 I know it's hardly a pressing matter and little can be done about it, but I am curious if it can be found out just how much money has been saved by knocking down the Lookers. Whilst demolishing it initially wasn't a money-saving exercise and it has made the ground look a total dump, I do wonder how far it's worked out from the best. Far from a priority - the main issues are those which you've already highlighted (and I don't expect anything untoward to be discovered). Good on you two for going and have a look, it's good that the club are so open but few people would be willing to give the time or make the effort to actually sit there and sift through the books. Quote Link to comment Share on other sites More sharing options...
jimsleftfoot Posted February 16, 2010 Share Posted February 16, 2010 As earlier advertised, Mark (Latics & England) and I are going into the Club next week to take up their offer for fans to have a look into the books with Messers Corney and Hardy and the club accountant. We are happy to take any specific questions from people with us. To save time, the sort of things we will be hoping to bring you details of would include: The current levels of loss making within the club The nature of the debt on the clubs books The general levels of income and expenditure (wage bill, ground upkeep, marketing, catering and so on – of course within the bounds of confidentiality) Where possible we will also ask questions regarding the future financial model for the club, although I guess a lot of this depends on whether Failsworth can be made to happen and who else comes on board. So over to you lot, post here or PM either of us and if possible we will add your questions to the agenda. Mark and Andy Is the ground owned by Oldham Athletic 2004 Limited or by someone else. If owned by someone else, why? Is there any benefits to the club of doing this? Is it to minimise exposure to risk by the owners? Is this normal? Quote Link to comment Share on other sites More sharing options...
garcon Posted February 16, 2010 Share Posted February 16, 2010 (edited) If confidentiality allows, an overview of how ownership of club, land etc. is split between TTA companies might be useful to know, if only to clarify various notions and theories about what happens in different future (exit) scenarios. An idea of difference in income if we're relegated (accepting that's partly an estimate), mainly to dispel the myth that it wouldn't hurt us much. I know you mentioned it, but just to reiterate, a core element of the info must be seasonal figures for: Overall income, and how it breaks down: Gate receipts Merchandise TV money etc. Overall expenditure, and how it breaks down: Player wages Staff wages Ground maintenance etc. Ideally full figures for 2008/9 and a projection of how they have changed for 2009/10. If it's forthcoming, a figure for the financial hole that the recession left in the BP redevelopment project and some comparison of cost and potential income of the BP plan and the Failsworth plan. We've been told BP redevelopment is unviable - this info might help show how unviable. Maybe veering away from the purely financial, but an honest appraisal of our options if the council decide they cannot lease us the Failsworth land. Develop just on the AVRO land? Lower scale/phased redevelopment of BP? (That artist's impression of the Failsworth main stand would look great on the site of the Lookers)... or would we be looking at wind down of costs and TTA exit? Edited February 16, 2010 by garcon Quote Link to comment Share on other sites More sharing options...
TheBigDog Posted February 16, 2010 Share Posted February 16, 2010 If confidentiality allows, an overview of how ownership of club, land etc. is split between TTA companies might be useful to know, if only to clarify various notions and theories about what happens in different future (exit) scenarios. An idea of difference in income if we're relegated (accepting that's partly an estimate), mainly to dispel the myth that it wouldn't hurt us much. I know you mentioned it, but just to reiterate, a core element of the info must be seasonal figures for: Overall income, and how it breaks down: Gate receipts Merchandise TV money etc. Overall expenditure, and how it breaks down: Player wages Staff wages Ground maintenance etc. Ideally full figures for 2008/9 and a projection of how they have changed for 2009/10. If it's forthcoming, a figure for the financial hole that the recession left in the BP redevelopment project and some comparison of cost and potential income of the BP plan and the Failsworth plan. We've been told BP redevelopment is unviable - this info might help show how unviable. Maybe veering away from the purely financial, but an honest appraisal of our options if the council decide they cannot lease us the Failsworth land. Develop just on the AVRO land? Lower scale/phased redevelopment of BP? (That artist's impression of the Failsworth main stand would look great on the site of the Lookers)... or would we be looking at wind down of costs and TTA exit? This sums it up for me - it would be nice to know: How much comes in How much goes out How any shortfall is covered Quote Link to comment Share on other sites More sharing options...
RoytonBlueLad Posted February 16, 2010 Share Posted February 16, 2010 WHERE'S THE MONEY STOTTY?! Oh wait. Just have a good nosey, ask some questions they won't want to answer and come back and tell us all about it. Quote Link to comment Share on other sites More sharing options...
razza699 Posted February 16, 2010 Share Posted February 16, 2010 Who is the clubs highest earner? Quote Link to comment Share on other sites More sharing options...
RoytonBlueLad Posted February 16, 2010 Share Posted February 16, 2010 Who is the clubs highest earner? The ground. Costs 400k a year to keep the old girl looking that good Quote Link to comment Share on other sites More sharing options...
razza699 Posted February 16, 2010 Share Posted February 16, 2010 (edited) The ground. Costs 400k a year to keep the old girl looking that good Well it needs to pull its finger and out and show us more goals , needs motivating Edited February 16, 2010 by razza699 Quote Link to comment Share on other sites More sharing options...
garcon Posted February 16, 2010 Share Posted February 16, 2010 Well it needs to pull its finger and out and show us more goals , needs motivating No chance. It's been going downhill since it was built. Quote Link to comment Share on other sites More sharing options...
Senor_Coconut Posted February 16, 2010 Share Posted February 16, 2010 Who is the clubs highest earner? Questions like this I imagine can't be answered. Quote Link to comment Share on other sites More sharing options...
razza699 Posted February 16, 2010 Share Posted February 16, 2010 Questions like this I imagine can't be answered. ah well I tried Quote Link to comment Share on other sites More sharing options...
dfOAFC Posted February 16, 2010 Share Posted February 16, 2010 Going over the books, Any questions? no. Quote Link to comment Share on other sites More sharing options...
yarddogs Posted February 16, 2010 Share Posted February 16, 2010 how much to stick some seats and a roof over what's left of the lookers,cause lets be honest we ain't moving for the time being. Quote Link to comment Share on other sites More sharing options...
tangerinedreams Posted February 16, 2010 Share Posted February 16, 2010 After you have finished looking at them, "Now can we see the other set please" No questions. Quote Link to comment Share on other sites More sharing options...
leeslover Posted February 16, 2010 Author Share Posted February 16, 2010 After you have finished looking at them, "Now can we see the other set please" No questions. Mark cooks books for a living, they'll never get that old trick past him Quote Link to comment Share on other sites More sharing options...
NIKI1234 Posted February 16, 2010 Share Posted February 16, 2010 Not sure if this questions is going over the books or not. i) Can the clarify situation on caterers, do we sub contract the catering? Specifically relating to Simon Corney stating that the club threw away £10000 worth of food over the xmas period Quote Link to comment Share on other sites More sharing options...
oafc-latics Posted February 16, 2010 Share Posted February 16, 2010 how much did we spend on firman colbeck and how much did we get for ogrady and eardley? Quote Link to comment Share on other sites More sharing options...
razza699 Posted February 16, 2010 Share Posted February 16, 2010 how much did we spend on firman colbeck and how much did we get for ogrady and eardley? good question, although who is this firman ? another Dabo ? Quote Link to comment Share on other sites More sharing options...
RoytonBlueLad Posted February 16, 2010 Share Posted February 16, 2010 (edited) good question, although who is this firman ? another Dabo ? Eardley sale - half what everyone thinks he went for, then a bit less again. Edited February 16, 2010 by RoytonBlueLad Quote Link to comment Share on other sites More sharing options...
ghostofcecere Posted February 16, 2010 Share Posted February 16, 2010 how much did we spend on firman colbeck and how much did we get for ogrady and eardley? When Simon Corney made the original offer of people to look over the finances at the last Forum, he stated that certain information could not be shared as it was confidential. This included individual salaries and transfer fee's, especially in the case of something like O'Grady where the other party has asked for non-disclosure. Before Chris Moore killed us, my family were shareholders and we used to get a copy of the accounts at the end of the financial year. It is always stated in those accounts things like the total amount paid out in salaries (remebering that this includes all, not just playing staff) and the total amount recived and paid out in transfer fee's and payments to agents etc. Still it will give us all something to do when we get the details of the total transfer fee's and we divide it by 2 Quote Link to comment Share on other sites More sharing options...
oafc-latics Posted February 16, 2010 Share Posted February 16, 2010 good question, although who is this firman ? another Dabo ? hes south africa's central midfielder thats gonna win them the world cup on his own... ... a little bit like that furman fella we've got then... Quote Link to comment Share on other sites More sharing options...
singe Posted February 16, 2010 Share Posted February 16, 2010 Some of questions from me, if you can, and please my thatnks to the owner for doing this. 1) Do the Caterers cater at the Training ground, or is it in house. 2) If they dothe catering, do they charge meal including VAT (and profit), or charge it at cost 3) What are the ballpark annual projected budgets for the 3G pitches at Failsworth. 4) What is the annual Gas & Electricity expenditure. Many thanks Quote Link to comment Share on other sites More sharing options...
BP1960 Posted February 16, 2010 Share Posted February 16, 2010 What are the total savings of loan players out - and the total costs of loan players in during the financial year..profit or loss ? Quote Link to comment Share on other sites More sharing options...
latic12345 Posted February 16, 2010 Share Posted February 16, 2010 Andy I would be interested to know: What sources of income the club has. As I understand it, Mr Corney locates another business on the premises of Boundary Park. This should give you a tell tale sign of who owns the ground and offices. If Oldham Athletic 2004 Ltd own it, then they should receive some form of income against leasing the offices (even if it is just £1). If they do not, then they don't own the land. Simples. I would be interested to know what capitalised assets are listed in the club's accounts. What debt does the club has and what charges are associated with it. This should be available. I would be surprised if the business operates without an overdraft facility. This is usually charged against some form of asset. What is this? Given the amount we paid for him, can you have a look to see whether or not Joe Colbeck is listed as an "asset" and if so, how much he has been capitalised for. If you can find out any future budgeting, what has been done regarding sensitivities re: the new stadium and potential different / increased income streams. With the club spending more than it's income, what do we spend it on? Where is the bulk of expenditure? What sources of funding does the club have? There is income but also any benefactors. Ta Alex Quote Link to comment Share on other sites More sharing options...
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