daznathe Posted October 13, 2010 Share Posted October 13, 2010 who was it who went to see the accounts with corney and alan hardy? and is there still a thread on what happened? Quote Link to comment Share on other sites More sharing options...
razza699 Posted October 13, 2010 Share Posted October 13, 2010 who was it who went to see the accounts with corney and alan hardy? and is there still a thread on what happened? It was Lees Lover and someone else Quote Link to comment Share on other sites More sharing options...
singe Posted October 13, 2010 Share Posted October 13, 2010 It was Lees Lover and someone else Its was Latics and England Quote Link to comment Share on other sites More sharing options...
Takemeanywhere Posted October 13, 2010 Share Posted October 13, 2010 http://www.owtb.co.uk/index.php?showtopic=28647&hl= Quote Link to comment Share on other sites More sharing options...
Hometownclub Posted October 13, 2010 Share Posted October 13, 2010 (edited) OWTB thread Link Edit. Beat me to it. Edited October 13, 2010 by Hometownclub Quote Link to comment Share on other sites More sharing options...
razza699 Posted October 13, 2010 Share Posted October 13, 2010 http://www.owtb.co.uk/index.php?showtopic=28647&hl= Your search skills are powerful I only managed to stumble across the Kieran lee avaible for loan thread Quote Link to comment Share on other sites More sharing options...
daznathe Posted October 13, 2010 Author Share Posted October 13, 2010 thank you. i wouldnt want to be passing comment without the facts!!! Quote Link to comment Share on other sites More sharing options...
razza699 Posted October 13, 2010 Share Posted October 13, 2010 thank you. i wouldnt want to be passing comment without the facts!!! thats far to sensible for here Quote Link to comment Share on other sites More sharing options...
daznathe Posted October 13, 2010 Author Share Posted October 13, 2010 haha so true. ive got a mate who will read that and swear blind its a lie and it never happened, because its on owtb. cant really blame him i suppose!!! Quote Link to comment Share on other sites More sharing options...
daznathe Posted October 13, 2010 Author Share Posted October 13, 2010 'Not come out official so not heard out. Where these books? Copies? Scans? PROOF! You must av seen proof cus your adamant ! ' Quote Link to comment Share on other sites More sharing options...
boundaryblue80 Posted October 13, 2010 Share Posted October 13, 2010 It's fine looking at the books of OAFC...problem is, OAFC don't own Boundary Park or the land around it so looking through OAFC's accounts tells us very little of the whole story...the story about land sale money going towards the then-redevelopment/now-new stadium. The accounts do tell us we've a big hefty bill of £550k though for it. Quote Link to comment Share on other sites More sharing options...
ghostofcecere Posted October 13, 2010 Share Posted October 13, 2010 It's fine looking at the books of OAFC...problem is, OAFC don't own Boundary Park or the land around it so looking through OAFC's accounts tells us very little of the whole story...the story about land sale money going towards the then-redevelopment/now-new stadium. The accounts do tell us we've a big hefty bill of £550k though for it. Just to point out this is not new news (though the actual sum is), Simon Corney stated last year at the meeting at Stadium Consultation that a "substantial" amount of money had been spent in preparation for redevelopment of BP. It seems to have only become an issue now because the sum is out there. Quote Link to comment Share on other sites More sharing options...
Diego_Sideburns Posted October 13, 2010 Share Posted October 13, 2010 Just to point out this is not new news (though the actual sum is), Simon Corney stated last year at the meeting at Stadium Consultation that a "substantial" amount of money had been spent in preparation for redevelopment of BP. It seems to have only become an issue now because the sum is out there. Reminder that it was reported here on OWTB that SC also said at the Radclyffe School Forum: Purchase of OAFC and BP - £5.2M Running costs per year - £1M (7 years = £7M) Value of New Stadium only - £14M Meaning they will have spent £26.5M or so on OAFC if the new ground goes ahead. Sale of BP: Sell 16 acres at £800k per acre - £12M, lost lots of money and if someone was willing to come in a write a cheque to buy the club or BP tomorrow they would accept, if it was the right value and the interests of the club were looked after. Quote Link to comment Share on other sites More sharing options...
ghostofcecere Posted October 13, 2010 Share Posted October 13, 2010 Reminder that it was reported here on OWTB that SC also said at the Radclyffe School Forum: Purchase of OAFC and BP - £5.2M Running costs per year - £1M (7 years = £7M) Value of New Stadium only - £14M Meaning they will have spent £26.5M or so on OAFC if the new ground goes ahead. Sale of BP: Sell 16 acres at £800k per acre - £12M, lost lots of money and if someone was willing to come in a write a cheque to buy the club or BP tomorrow they would accept, if it was the right value and the interests of the club were looked after. Let's not let facts get in the way of a good conspiricy theory/another reason to spread negative feeling about the club around D_S Quote Link to comment Share on other sites More sharing options...
danoafc Posted October 13, 2010 Share Posted October 13, 2010 It's fine looking at the books of OAFC...problem is, OAFC don't own Boundary Park or the land around it so looking through OAFC's accounts tells us very little of the whole story...the story about land sale money going towards the then-redevelopment/now-new stadium. The accounts do tell us we've a big hefty bill of £550k though for it. Which is a very interesting point. That the £550k is levied against OAFC who don't own the land/BP/any of the facilities, rather than against whichever business actually owns/would continue to own the stadium(s). Certainly that the way it looks to me from the outside. Quote Link to comment Share on other sites More sharing options...
boundaryblue80 Posted October 13, 2010 Share Posted October 13, 2010 Just to point out this is not new news (though the actual sum is), Simon Corney stated last year at the meeting at Stadium Consultation that a "substantial" amount of money had been spent in preparation for redevelopment of BP. It seems to have only become an issue now because the sum is out there. No...to repeat, as stated in the other thread...there is NO ISSUE that it is out there. No issue whatsoever... Quote Link to comment Share on other sites More sharing options...
boundaryblue80 Posted October 13, 2010 Share Posted October 13, 2010 (edited) Reminder that it was reported here on OWTB that SC also said at the Radclyffe School Forum: Purchase of OAFC and BP - £5.2M Running costs per year - £1M (7 years = £7M) Value of New Stadium only - £14M Meaning they will have spent £26.5M or so on OAFC if the new ground goes ahead. Sale of BP: Sell 16 acres at £800k per acre - £12M, lost lots of money and if someone was willing to come in a write a cheque to buy the club or BP tomorrow they would accept, if it was the right value and the interests of the club were looked after. Well this is all fine and dandy D_S.......again....to spell out this point YET AGAIN......I'm sure all these facts and figures are nicely totting up a balance sheet somewhere. Correct me if I'm wrong, but not on OAFC's balance sheet tho....yet this £550k fee has landed on it.... Any answer for that? Edited October 13, 2010 by boundaryblue80 Quote Link to comment Share on other sites More sharing options...
ghostofcecere Posted October 13, 2010 Share Posted October 13, 2010 No...to repeat, as stated in the other thread...there is NO ISSUE that it is out there. No issue whatsoever... So what's wrong with the fact that the money from the sale of land was used to fund looking into the redevelopment? Quote Link to comment Share on other sites More sharing options...
Stitch_KTF Posted October 13, 2010 Share Posted October 13, 2010 Any answer for that? Tough :censored:? Quote Link to comment Share on other sites More sharing options...
jimsleftfoot Posted October 13, 2010 Share Posted October 13, 2010 Well this is all fine and dandy D_S.......again....to spell out this point YET AGAIN......I'm sure all these facts and figures are nicely totting up a balance sheet somewhere. Correct me if I'm wrong, but not on OAFC's balance sheet tho....yet this £550k fee has landed on it.... Any answer for that? It could be asset stripping of some sort, or it could be normal business practice. However until I see evidence of the former, it very much comes under the latter. Quote Link to comment Share on other sites More sharing options...
danoafc Posted October 13, 2010 Share Posted October 13, 2010 So what's wrong with the fact that the money from the sale of land was used to fund looking into the redevelopment? Did the money from the sale of the land appear on OAFC's balance sheet? Or did it appear on Brassbank's balance sheet? Quote Link to comment Share on other sites More sharing options...
leeslover Posted October 13, 2010 Share Posted October 13, 2010 Which is a very interesting point. That the £550k is levied against OAFC who don't own the land/BP/any of the facilities, rather than against whichever business actually owns/would continue to own the stadium(s). Certainly that the way it looks to me from the outside. I don't think it actually makes a difference Dan. If we are thinking about the day when TTA pull out of the whole shooting match, how much of whatever they take of any available cash is up to them whatever pot they take it from. When they go they will either write off the football clubs debts or not do, if they don't then I doubt half a million here or there on the debt would make any odds Quote Link to comment Share on other sites More sharing options...
jimsleftfoot Posted October 13, 2010 Share Posted October 13, 2010 Did the money from the sale of the land appear on OAFC's balance sheet? Or did it appear on Brassbank's balance sheet? It's not being sold, the land is being developed by the club in partnership with a developer. Quote Link to comment Share on other sites More sharing options...
downender2 Posted October 13, 2010 Share Posted October 13, 2010 Tough :censored:? Quote Link to comment Share on other sites More sharing options...
danoafc Posted October 13, 2010 Share Posted October 13, 2010 I don't think it actually makes a difference Dan. If we are thinking about the day when TTA pull out of the whole shooting match, how much of whatever they take of any available cash is up to them whatever pot they take it from. When they go they will either write off the football clubs debts or not do, if they don't then I doubt half a million here or there on the debt would make any odds I see that Andy, but surely levying the £550k against OAFC rather than Brassbank which owns the land means that it can be called back as it becomes part of the "directors loans" black hole. If the £550k was against the holding company (which to my mind it surely should be), it couldn;t be called in as a directors loans as OAFC have no control/benefit/liability in relation to the land/stadium. I appreciate that if they do pull hte plug it wont matter a bit cos we'll be truly up the creek, but in terms of looking for potential buyers/investors, this is surely going to put any new suitors off? ie Having these 'extraordinary losses' racking up in loans? Quote Link to comment Share on other sites More sharing options...
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