laticsrblue Posted July 15, 2013 Share Posted July 15, 2013 (edited) What is being built on the old Sheepfoot Lane car park? Wasn't there something in the Chron last year about the NHS building a clinic or offices or something there. Maybe this: http://oldham-chronicle.co.uk/news-features/8/news-headlines/75275/lifeline-site-for-kidney-patients Edited July 15, 2013 by laticsrblue Quote Link to comment Share on other sites More sharing options...
Monty Burns Posted July 15, 2013 Share Posted July 15, 2013 When investing in a business/setting it up/plugging shortfalls as a shareholder you are 'loaning' the money to the company. Hence the reason it is listed as shareholder loans. It's the same for all business like this (an accounting term). Sometimes as a shareholder that money will be lent to the business with a repayment rate attached, other times it's a zero % rate, and indeed with some business a shareholder will invest the money with a 0% repayment and actually not require that money back. However it will remain listed as shareholder loans in the accounts until such time that it is repaid or converted in some way....I'm not an accountant so some of the terms are my layman explanation from being on the shareholder side of it. My understanding is that the 0% situation is pretty much the basis that the shareholder loan are in on. Again as I understand it the vast majority of that amount is actually due to Blitz - not Corney. In terms of some other stuff, I think it's out there in the public domain that the costs of environmental surveys, consultants fees etc etc etc for both the various BP projects and the Failsworth projects were all put through the club (Oafc2004) at various times. If you search out Corney's interview on the podcast with Manchester Sports (BBC) August 2011, he clearly says in there that the "club" is for sale (even then as he has always maintained), but in terms of the ground development etc that isn't and they will be sticking round to see that through. Thats what I thought, I was just getting tied up in whether they are listed as funds or loans. Quote Link to comment Share on other sites More sharing options...
jimsleftfoot Posted July 15, 2013 Share Posted July 15, 2013 (edited) When investing in a business/setting it up/plugging shortfalls as a shareholder you are 'loaning' the money to the company. Hence the reason it is listed as shareholder loans. It's the same for all business like this (an accounting term). Sometimes as a shareholder that money will be lent to the business with a repayment rate attached, other times it's a zero % rate, and indeed with some business a shareholder will invest the money with a 0% repayment and actually not require that money back. However it will remain listed as shareholder loans in the accounts until such time that it is repaid or converted in some way....I'm not an accountant so some of the terms are my layman explanation from being on the shareholder side of it. My understanding is that the 0% situation is pretty much the basis that the shareholder loan are in on. Again as I understand it the vast majority of that amount is actually due to Blitz - not Corney. In terms of some other stuff, I think it's out there in the public domain that the costs of environmental surveys, consultants fees etc etc etc for both the various BP projects and the Failsworth projects were all put through the club (Oafc2004) at various times. If you search out Corney's interview on the podcast with Manchester Sports (BBC) August 2011, he clearly says in there that the "club" is for sale (even then as he has always maintained), but in terms of the ground development etc that isn't and they will be sticking round to see that through. Its how I see it but without it being classed as a loan. My understanding is that its classed as the owners equity. This is what I found from E-How (though a US site): Equity Businesses sometimes struggle defining loans from shareholders clearly. In some cases, if the contract between the shareholder and business does not specify its conditions, the loan may legally qualify as equity. This occurs if the parties do not specifically state a payment plan or if accountants do not correctly record the loan as a liability on the balance sheet. Sorry if being pedantic but its easy for things to be twisted intentionally or not. Edited July 15, 2013 by jimsleftfoot Quote Link to comment Share on other sites More sharing options...
c.hill12 Posted July 15, 2013 Share Posted July 15, 2013 Wasn't there something in the Chron last year about the NHS building a clinic or offices or something there. Maybe this: http://oldham-chronicle.co.uk/news-features/8/news-headlines/75275/lifeline-site-for-kidney-patients It's a renal unit and offices Quote Link to comment Share on other sites More sharing options...
Monty Burns Posted July 15, 2013 Share Posted July 15, 2013 The car parks must rake in over £1k per day. Quote Link to comment Share on other sites More sharing options...
stevesmitt Posted July 15, 2013 Share Posted July 15, 2013 Been talking to a friend of mine today who works for the Co-op bank in Liverpool. A guy called Dave Matthews worked with him till he left last week to become the CEO of Salford City Reds. He said Matthews as told him that Koukash as no intention of moving the club to Salford. His plan is buy the club get the stand built, get Oldham rugby back at BP and use them as a feeder club for Salford hopefully get a grant from the council (as they want to use the ground, not sure what for tho) to rebuild the main stand. Also to get Scholes and Royle involved and make us an established Championship team using loan players from Utd to get us there then he would sell us on as he doesn't have the funds to take us any further. Quote Link to comment Share on other sites More sharing options...
oafcmetty Posted July 15, 2013 Share Posted July 15, 2013 Been talking to a friend of mine today who works for the Co-op bank in Liverpool. A guy called Dave Matthews worked with him till he left last week to become the CEO of Salford City Reds. He said Matthews as told him that Koukash as no intention of moving the club to Salford. His plan is buy the club get the stand built, get Oldham rugby back at BP and use them as a feeder club for Salford hopefully get a grant from the council (as they want to use the ground, not sure what for tho) to rebuild the main stand. Also to get Scholes and Royle involved and make us an established Championship team using loan players from Utd to get us there then he would sell us on as he doesn't have the funds to take us any further. Sounds rubbish. We should keep cutting the cloth till we end up in L2 instead. Quote Link to comment Share on other sites More sharing options...
oafc_lover Posted July 15, 2013 Share Posted July 15, 2013 I do wish the whole thing would just get resolved ASAP. Either sell us to him or come out publicly and say the deal will not be happening. Quote Link to comment Share on other sites More sharing options...
c.hill12 Posted July 15, 2013 Share Posted July 15, 2013 I do wish the whole thing would just get resolved ASAP. Either sell us to him or come out publicly and say the deal will not be happening.Hasnt he already said he isn't selling us to him? Quote Link to comment Share on other sites More sharing options...
Stevie_J Posted July 15, 2013 Share Posted July 15, 2013 Hasnt he already said he isn't selling us to him? Only to Prozac. Quote Link to comment Share on other sites More sharing options...
c.hill12 Posted July 15, 2013 Share Posted July 15, 2013 Only to Prozac.And told him he could post on here. Not really an official announcement but still... Quote Link to comment Share on other sites More sharing options...
c.hill12 Posted July 15, 2013 Share Posted July 15, 2013 Al fayed fancy a new challenge? Quote Link to comment Share on other sites More sharing options...
oafc_lover Posted July 15, 2013 Share Posted July 15, 2013 Until the club officially come out and publicly say the takeover is NOT happening, what he says to the odd passer by means nothing. I feel a little bit strung along really. Quote Link to comment Share on other sites More sharing options...
Oafc1895 Posted July 15, 2013 Author Share Posted July 15, 2013 We lose money though. Unless there are other sources of income, we're only an attractive proposition to someone who's arsed about the club. I've no doubt Corney wants what's best for us but the only reason he's here is because there were other money making opportunities when they bought us originally. It might not have worked but it doesn't look as though those opportunities are there anymore. BP used to be a "goldmine" didn't it? The only asset we had (the land) has alreasy been built on and is nothing to do with Oldham Athletic. The fact is though when the stand is built we have opportunities to bring money into the club 7 days a week - okay the realist says that's not going to happen but it will be extra money into the pot Quote Link to comment Share on other sites More sharing options...
al_bro Posted July 15, 2013 Share Posted July 15, 2013 'We don't want to simply carve the land up and sell some off on a one-time basis.' that's exactly what has happened. Houses have been built behind the Chaddy. The renal unit is being built on Sheepfoot Lane. Quote Link to comment Share on other sites More sharing options...
c.hill12 Posted July 15, 2013 Share Posted July 15, 2013 Anyone got an email address for al fayed? Might try and tempt him to a new challenge with his £150m from the fulham sale. Quote Link to comment Share on other sites More sharing options...
opinions4u Posted July 15, 2013 Share Posted July 15, 2013 The car parks must rake in over £1k per day. I believe Latics charge the NHS £100k a year for staff to park in the BP car park. I assume the site where the renal unit will be generated income for Blitz. Quote Link to comment Share on other sites More sharing options...
c.hill12 Posted July 15, 2013 Share Posted July 15, 2013 The car parks must rake in over £1k per day. The trust pay the club £1k a week i believe for use of the carparks Quote Link to comment Share on other sites More sharing options...
opinions4u Posted July 15, 2013 Share Posted July 15, 2013 Anyone got an email address for al fayed? Might try and tempt him to a new challenge with his £150m from the fulham sale. http://www.alfayed.com/contact.aspx Conditional on no paedo statues outside the ground. Quote Link to comment Share on other sites More sharing options...
Crusoe Posted July 15, 2013 Share Posted July 15, 2013 It's a renal unit and offices Really? That's taking the piss. (Ten hours later and nobody had tapped in that open goal.) Quote Link to comment Share on other sites More sharing options...
c.hill12 Posted July 15, 2013 Share Posted July 15, 2013 Really? That's taking the piss. (Ten hours later and nobody had tapped in that open goal.) Maybe with good reason? Quote Link to comment Share on other sites More sharing options...
4froale Posted July 17, 2013 Share Posted July 17, 2013 deal back on according to the ezine 'Koukash deal may be close to completion, he is meeting the council today and he wants there backing for a 25k stadium before he does the deal. it will also involve Oldham rugby. ' (taken from one of the posters) Quote Link to comment Share on other sites More sharing options...
alex_balls Posted July 17, 2013 Share Posted July 17, 2013 25k is no where near big enough for our ambitions... Quote Link to comment Share on other sites More sharing options...
Aarondo Westy Posted July 17, 2013 Share Posted July 17, 2013 I don't think it will happen. Might be proved wrong but think this issue should be put to bed now. Quote Link to comment Share on other sites More sharing options...
singe Posted July 17, 2013 Share Posted July 17, 2013 25k is no where near big enough for our ambitions... Of course, we must make a "statement of intent" to our near neighbours........ Quote Link to comment Share on other sites More sharing options...
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