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[Diego_Sideburns]

Tony Philliskirk and Simon Corney on BBC Radio Manchester earlier tonight

The point of concern that keeps turning up on here was raised by BB80 and read out to SC:

Nobody would realistically buy the club without the land too, and some of the fans, myself included, don’t believe that the land is for sale with the club.

 

Simon Corney:

"Whoever comes along, if they want to buy the land, of course it’s for sale and, no offence to Oldham, but it’s a piece of land in Oldham and is not where myself and my partners are based. Of course we’d give it up, but, at the same time, we’re in for a lot of money and we’d like to get a fair price for it. We’ll never recoup the money we’ve put into it."

[laticsrblue]

Tony Philliskirk and Simon Corney on BBC Radio Manchester earlier tonight

TP does a great job selling the Latics youth set up.

[Monty Burns]

TP does a great job selling the Latics youth set up.

 

Angers me that there have been two occassions under SC where it has genuinely been mooted to do away with it.

[pukka]

Simon Corney:

 

"Whoever comes along, if they want to buy the land, of course it’s for sale and, no offence to Oldham, but it’s a piece of land in Oldham and is not where myself and my partners are based. Of course we’d give it up, but, at the same time, we’re in for a lot of money and we’d like to get a fair price for it. We’ll never recoup the money we’ve put into it."

 

 

So they could buy the land and NOT the club? So they could buy the club and NOT the land?

[Monty Burns]

Correct me if I'm wrong here but TTA paid £1 for the land? Since then they have sold of around half of it? And over that time they have loaned us £8m?

[mikeroyboy]

 

Angers me that there have been two occassions under SC where it has genuinely been mooted to do away with it.

 

But it never happened.

 

Whose decision would that have been?

[Diego_Sideburns]

Simon Corney:

 

"Whoever comes along, if they want to buy the land, of course it’s for sale and, no offence to Oldham, but it’s a piece of land in Oldham and is not where myself and my partners are based. Of course we’d give it up, but, at the same time, we’re in for a lot of money and we’d like to get a fair price for it. We’ll never recoup the money we’ve put into it."

 

 

So they could buy the land and NOT the club? So they could buy the club and NOT the land?

Only if you read that out of context with the point raised by BB80. SC's reply was about buying the land with the club.

[pukka]

I'm not sure its out of context.

 

maybe if I should have written:

 

So they could buy the land and NOT the club? So they could buy the club and NOT the land? So they couth buy BOTH land and the club?

[rudemedic]

Correct me if I'm wrong here but TTA paid £1 for the land? Since then they have sold of around half of it? And over that time they have loaned us £8m?

The landlords paid £1 for the club, the Council owned the land and as part of the deal for the Council owning the land a special clause was included that meant the club, or presumably those acting on behalf of the club, could buy the land back from the Council for a reduced price (possibly the amount the Council paid for it + interest).

 

Due to the land prices at the time it meant that the landlords got the land cheaply. However, I'm not sure if land values have recovered since the financial crisis to mean that the land is now worth more than what the landlords paid for it. Factor in how much of the land has already been sold and if the landlords are asking the same as what they paid for it, then they are seriously over-valuing it.

[HarryBosch]

Who is Paul Blackwell the fan who was supposed to be on?

 

Does he post on here or Twitter?

[leeslover]

 

Angers me that there have been two occassions under SC where it has genuinely been mooted to do away with it.

No, there have been two occasions for the fans to rally around the policy the clue wanted to pursue

[boundaryblue80]

The landlords paid £1 for the club, the Council owned the land and as part of the deal for the Council owning the land a special clause was included that meant the club, or presumably those acting on behalf of the club, could buy the land back from the Council for a reduced price (possibly the amount the Council paid for it + interest).

 

Due to the land prices at the time it meant that the landlords got the land cheaply. However, I'm not sure if land values have recovered since the financial crisis to mean that the land is now worth more than what the landlords paid for it. Factor in how much of the land has already been sold and if the landlords are asking the same as what they paid for it, then they are seriously over-valuing it.

Pretty much spot on this. David Brierley sold the land to OMBC for approx £3.5m to which the land could be bought back at the same price by any new owners with an agreement that football had to be played at BP for 10yrs. According to Sean Jarvis, during a SAFE meeting in the 2001/2 season, Chris Moore attempted to buy back the land but the council requested an extra £500,000 for the new pitch that had been installed to which CM told them to sod off as he never asked for the pitch and he wanted the land at the price originally set out.

 

The last we have heard about the land value was after the recession/economic turn where it was valued at £9m according to this article.

 

http://oldham-chronicle.co.uk/news-features/10/oldham-athletic/34205/wealthy-clubs-hold-all-the-aces

 

 

And back in the day...

 

November 1999

 

http://www.geocities.ws/Colosseum/Midfield/3860/bb11nov99.htm

Edited November 19, 2013 by boundaryblue80

[LaticMark]

The landlords paid £1 for the club, the Council owned the land and as part of the deal for the Council owning the land a special clause was included that meant the club, or presumably those acting on behalf of the club, could buy the land back from the Council for a reduced price (possibly the amount the Council paid for it + interest).

 

Due to the land prices at the time it meant that the landlords got the land cheaply. However, I'm not sure if land values have recovered since the financial crisis to mean that the land is now worth more than what the landlords paid for it. Factor in how much of the land has already been sold and if the landlords are asking the same as what they paid for it, then they are seriously over-valuing it.

 

According to David Conn in 'The Independent' in March 2004:

 

"To finance this dream, they (Blitz and Gazal) funded the club for three months in administration, which cost them £522,500. The preferential creditors, the Inland Revenue and VAT, were owed £715,000 and were paid 32p in the pound: £237,000. "Football Creditors" - other clubs, players and the League's pension deficit - are to be paid £428,000, while Blitz and Gazal paid £120,000 for Oldham's office equipment and other assets. Unsecured creditors, the usual victims including a £30,000 policing bill, local family firms and £1,856.50 unpaid to St John Ambulance, got nothing. The club's ongoing losses are estimated at £1m, and their shoring-up of the club adds up to £2.4m. They are paying £4.6m more for the ground and land, while guaranteeing that Boundary Park will still be a football ground in 10 years' time."

Edited November 20, 2013 by Mark59

[jimsleftfoot]

Correct me if I'm wrong here but TTA paid £1 for the land? Since then they have sold of around half of it? And over that time they have loaned us £8m?

Land was 4.7 million I think (edit see above).

Edited November 19, 2013 by jimsleftfoot

[rudemedic]

 

According to David Conn in 'The Independent' in March 1994:

 

"To finance this dream, they (Blitz and Gazal) funded the club for three months in administration, which cost them £522,500. The preferential creditors, the Inland Revenue and VAT, were owed £715,000 and were paid 32p in the pound: £237,000. "Football Creditors" - other clubs, players and the League's pension deficit - are to be paid £428,000, while Blitz and Gazal paid £120,000 for Oldham's office equipment and other assets. Unsecured creditors, the usual victims including a £30,000 policing bill, local family firms and £1,856.50 unpaid to St John Ambulance, got nothing. The club's ongoing losses are estimated at £1m, and their shoring-up of the club adds up to £2.4m. They are paying £4.6m more for the ground and land, while guaranteeing that Boundary Park will still be a football ground in 10 years' time."

That's why they only paid £1 for the club, it included the debts which they then took on and paid a decent % back.

[boundaryblue80]

 

According to David Conn in 'The Independent' in March 1994:

 

"To finance this dream, they (Blitz and Gazal) funded the club for three months in administration, which cost them £522,500. The preferential creditors, the Inland Revenue and VAT, were owed £715,000 and were paid 32p in the pound: £237,000. "Football Creditors" - other clubs, players and the League's pension deficit - are to be paid £428,000, while Blitz and Gazal paid £120,000 for Oldham's office equipment and other assets. Unsecured creditors, the usual victims including a £30,000 policing bill, local family firms and £1,856.50 unpaid to St John Ambulance, got nothing. The club's ongoing losses are estimated at £1m, and their shoring-up of the club adds up to £2.4m. They are paying £4.6m more for the ground and land, while guaranteeing that Boundary Park will still be a football ground in 10 years' time."

Sounds like they paid for the pitch and extras from the price David Brierley/OAFC received for it.

 

Good info that BTW even if the date looks slightly suspect

[jsslatic]

 

According to David Conn in 'The Independent' in March 1994:

 

"To finance this dream, they (Blitz and Gazal) funded the club for three months in administration, which cost them £522,500. The preferential creditors, the Inland Revenue and VAT, were owed £715,000 and were paid 32p in the pound: £237,000. "Football Creditors" - other clubs, players and the League's pension deficit - are to be paid £428,000, while Blitz and Gazal paid £120,000 for Oldham's office equipment and other assets. Unsecured creditors, the usual victims including a £30,000 policing bill, local family firms and £1,856.50 unpaid to St John Ambulance, got nothing. The club's ongoing losses are estimated at £1m, and their shoring-up of the club adds up to £2.4m. They are paying £4.6m more for the ground and land, while guaranteeing that Boundary Park will still be a football ground in 10 years' time."

 

How the hell did he know about all this in 1994?

[Diego_Sideburns]

 

According to David Conn in 'The Independent' in March 1994:

 

"To finance this dream, they (Blitz and Gazal) funded the club for three months in administration, which cost them £522,500. The preferential creditors, the Inland Revenue and VAT, were owed £715,000 and were paid 32p in the pound: £237,000. "Football Creditors" - other clubs, players and the League's pension deficit - are to be paid £428,000, while Blitz and Gazal paid £120,000 for Oldham's office equipment and other assets. Unsecured creditors, the usual victims including a £30,000 policing bill, local family firms and £1,856.50 unpaid to St John Ambulance, got nothing. The club's ongoing losses are estimated at £1m, and their shoring-up of the club adds up to £2.4m. They are paying £4.6m more for the ground and land, while guaranteeing that Boundary Park will still be a football ground in 10 years' time."

Although unsecured creditors got nothing, TTA took on board the cost of season ticket holders' payments, when the money had disappeared over the hill with Moore.

[Diego_Sideburns]

 

How the hell did he know about all this in 1994?

The article was actually published on 6th March 2004.

[Diego_Sideburns]

Here is the full 2004 David Conn article in The Independent:

http://www.joinmust.org/forum/archive/index.php/t-9254.html

[c.hill12]

Although unsecured creditors got nothing, TTA took on board the cost of season ticket holders' payments, when the money had disappeared over the hill with Moore.

ST money was safe guarded before moore could get to it wasn't it?

[LeylandLatic]

ST money was safe guarded before moore could get to it wasn't it?

 

Pretty sure like Diego says, Moore nicked it all - cos he's a :censored:.

[leeslover]

Did he actually have it away out of the club or did it drop into the sea of debt?

[Diego_Sideburns]

ST money was safe guarded before moore could get to it wasn't it?

No.

[alex_balls]

Go on..own up...who went on their website www.cncg.com ???