longtimeblue Posted February 27, 2013 Share Posted February 27, 2013 (edited) I'd had a few come the journey home yesterday so the intricate details are sketchy. I was told that the deal's done and Corney's on his way at the end of the season. The fella that told me is a regular home and away and I'd have no reason to not believe him. I'm not in the know but I thought it might be of interest before people have a pop. Curious to know if anyone's heard owt Edited February 27, 2013 by longtimeblue Quote Link to comment Share on other sites More sharing options...
Ross2509 Posted February 27, 2013 Share Posted February 27, 2013 I've heard someone telling me that they have heard of a meeting between business - men, guys in suits etc and Sammy Lee at a restaurant/cafe in Oldham so this may back up something I've heard that the potential new owner is Sammy Lee's cousin. Just rumours though but doesn't sound too far off the mark. Quote Link to comment Share on other sites More sharing options...
stevesidg Posted February 27, 2013 Share Posted February 27, 2013 I've heard someone telling me that they have heard of a meeting between business - men, guys in suits etc and Sammy Lee at a restaurant/cafe in Oldham so this may back up something I've heard that the potential new owner is Sammy Lee's cousin. Just rumours though but doesn't sound too far off the mark. Please don't be Sammy Lee Quote Link to comment Share on other sites More sharing options...
mikeroyboy Posted February 27, 2013 Share Posted February 27, 2013 The events and non-events since Xmas certainly indicate a buyout is a possibility. Planning permission for the new stand could be a contract requirement, while new owners would want to make their own managerial appointment, thus explaining the delay in that area. Not sure about a meeting in a public place in Oldham though, unless it was Corney interviewing Lee. Quote Link to comment Share on other sites More sharing options...
laticdickovarmy Posted February 27, 2013 Share Posted February 27, 2013 If Corney leaves is there not a possibility that he could take a huge chunk of the cup money with him, thus meaning we would make a hell of a lot less in reality? I dont know the politics but im sure corney has put a lot of his own money into the club and make feel he is due a cut of that back As for the lee rumour im not comfortable that a new owner would appoint a family member to run 1st team affairs as if he is :censored: what happens? Does he stick with Sammy Lee regardless of how we are doing as he is family? Its all rumours anyway and take it with a pinch of salt at the moment Quote Link to comment Share on other sites More sharing options...
lancy lad Posted February 27, 2013 Share Posted February 27, 2013 If Corney leaves is there not a possibility that he could take a huge chunk of the cup money with him, thus meaning we would make a hell of a lot less in reality? I dont know the politics but im sure corney has put a lot of his own money into the club and make feel he is due a cut of that back As for the lee rumour im not comfortable that a new owner would appoint a family member to run 1st team affairs as if he is :censored: what happens? Does he stick with Sammy Lee regardless of how we are doing as he is family? Its all rumours anyway and take it with a pinch of salt at the moment Yeah but even if Corney stays, surely he and (sssssshhhhhh, the other 2) will take the lions share of the profit made from the cup and who would blame them? Quote Link to comment Share on other sites More sharing options...
laticdickovarmy Posted February 27, 2013 Share Posted February 27, 2013 Very true and no I wouldnt if im honest blame him (dependant on the amount) We all guess how much he has put into the club but really no one knows and doubt ever will. What is for sure is he has done a great job IMO and kept this club afloat Quote Link to comment Share on other sites More sharing options...
singe Posted February 27, 2013 Share Posted February 27, 2013 It would be inerestng to see the next year or two. Obviously, some expect a good chunk of money to pay Simon Blitz at least some of his money. But it strikes me that we might no, leave the ground money as Capital still owing, after all it is not really in Simon Bliutz's interest to get money back if a sale is due. Quote Link to comment Share on other sites More sharing options...
Lookers_Carl Posted February 27, 2013 Share Posted February 27, 2013 As I understand it, Corney has the 97% share of Oldham Athletic (2004) Association Football Club. Brassbank Ltd own the stadium and the land on it. We have about 6,000,000 quids worth of directors loans we owe to Simon Blitz. The club will be worth sweet diddly :censored: without the land, so I imagine any takeover deal would incorporate the club, land and settlement of all monies owned to Simon Blitz in the form of directors loans. Quote Link to comment Share on other sites More sharing options...
oafc_fan Posted February 27, 2013 Share Posted February 27, 2013 When Simon Corney been asked about this, he said its not true, i cant see him selling up to the wrong people and why would he. Quote Link to comment Share on other sites More sharing options...
real Posted February 27, 2013 Share Posted February 27, 2013 Blitz's loans to OAFC are virtually worthless. He has a loan to a company with minimal assets and no profit, therefore the actual value of OAFC is virtually nil, therefore the OAFC sale price will probably be nil. He will in all likelihood write them off at the point of sale (less any actual purchase price) The land is entirely separate, and would be the key factor in any takeover. Without control of the land (by either purchase or a lease) there is a risk for OAFC. Quote Link to comment Share on other sites More sharing options...
LaticMark Posted February 27, 2013 Share Posted February 27, 2013 I've heard someone telling me that they have heard of a meeting between business - men, guys in suits etc and Sammy Lee at a restaurant/cafe in Oldham so this may back up something I've heard that the potential new owner is Sammy Lee's cousin. Just rumours though but doesn't sound too far off the mark. Remind me - who's Sammy Lee's cousin? Quote Link to comment Share on other sites More sharing options...
jimsleftfoot Posted February 27, 2013 Share Posted February 27, 2013 Remind me - who's Sammy Lee's cousin? Bill Gates Quote Link to comment Share on other sites More sharing options...
Hands on Posted February 27, 2013 Share Posted February 27, 2013 The reality is that Blitz and Gazal own both the football club and the land. The 97% share holding by Corney means nothing unless and until the Blitz & Gazal loans are repaid. The club exists because they let it. It is reasonable that they would want out and if SC has been able to broker a sale which keeps us at Boundary Park, as going ahead with the planning application suggests, then that is a smart move. If the price is Sammy Lee then so be it. Quote Link to comment Share on other sites More sharing options...
LaticMark Posted February 27, 2013 Share Posted February 27, 2013 Pretty sure he was called Bruce but passed away in strange circumstances so well suited to latics. Wished I'd never asked now! Quote Link to comment Share on other sites More sharing options...
SavageTheBeast Posted February 27, 2013 Share Posted February 27, 2013 Sammy lees cousin is that Vaughan fella who owned chester that is the link Quote Link to comment Share on other sites More sharing options...
LaticMark Posted February 27, 2013 Share Posted February 27, 2013 Sammy lees cousin is that Vaughan fella who owned chester that is the link I presume you mean this Mr Vaughan. If so, I hope the rumours are not true. http://www.chesterch...59067-28337153/ Quote Link to comment Share on other sites More sharing options...
oafcprozac Posted February 27, 2013 Share Posted February 27, 2013 Rumours re Vaughan's family's interest are true as are his wish to install Sammy Lee, but Simon not willing to sell the club to such a sheister Quote Link to comment Share on other sites More sharing options...
Forte_Baby Posted February 27, 2013 Share Posted February 27, 2013 Even if we are bought i expect Corney to stay myself get the impression he enjoys being invovled in a football club and would be happy to run it. Quote Link to comment Share on other sites More sharing options...
oldhamathleticmad Posted February 27, 2013 Share Posted February 27, 2013 Vaughan may be able to buy us, but he wouldn't be able to be a director or have any say in the running of the club, he's banned for 20 yeats (i think) from being a company director. Quote Link to comment Share on other sites More sharing options...
NewBlue Posted February 27, 2013 Share Posted February 27, 2013 Corney wouldn't sell us to a crook. He wants this club to succeed. Nor would Vaughan pass the fit and proper test after his time at Chester. I'd have serious concern if he owned or had an influence on our club. This is very worrying. Quote Link to comment Share on other sites More sharing options...
NJ33 Posted February 27, 2013 Share Posted February 27, 2013 Peter ridsdale is banned from being a director but is still in effective control at preston, I think the same applied to sam hamman once over Quote Link to comment Share on other sites More sharing options...
BP1960 Posted February 27, 2013 Share Posted February 27, 2013 Vaughan may be able to buy us, but he wouldn't be able to be a director or have any say in the running of the club, he's banned for 20 yeats (i think) from being a company director. But a member of the family could. Quote Link to comment Share on other sites More sharing options...
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