Ak's11 Posted September 10, 2015 Share Posted September 10, 2015 In my line of work I do a lot of travelling as a salesman and I sell a product many sports teams buy anyway I was in the midlands yesterday and got talking to a new contact and we got onto football so naturally I spoke about Oldham Athletic and this is where things got interesting. This gentleman who we will call Richard told me in no uncertain terms the club was sold pending the new stand being completed and fully functional but the deal will only go through if the club is put into administration as the new potential buyers see the club able to sustain and survive a points deduction this year before being well backed and funded in attempt to get out the division next season, they already have a well known management duo who have agreed in principle to follow the potential new owners to the club. Richard then said the club were stalling on opening the stand and as they are aggressively trying to find alternative suitors but are running out of time, the stand COULD have been finished and opened for the start of the season this Richard was adamant in that. Anyway he bought 6 months worth of my product and provided an hours worth of conversation albeit very interesting conversation. Make of that what you will. Quote Link to comment Share on other sites More sharing options...
underdog Posted September 10, 2015 Share Posted September 10, 2015 Yikes......it's just too early in the morning for me to contemplate. Quote Link to comment Share on other sites More sharing options...
oafc_lover Posted September 10, 2015 Share Posted September 10, 2015 Would be a bit of fun I suppose. I'm bored :censored:less. Quote Link to comment Share on other sites More sharing options...
philliggi Posted September 10, 2015 Share Posted September 10, 2015 Not beyond the realms of possability. But why be so bothered about seeking someone else? Surely they would take the money and run? Quote Link to comment Share on other sites More sharing options...
Ak's11 Posted September 10, 2015 Author Share Posted September 10, 2015 Corney wants more than what these investors are prepared to pay and they know nobody else is interested in the club... In Richards words "they will be getting the club for a song" if the deal goes through they know they have the current owners against the wall they know it Corney and Blitz know and apparently all the loyal fans are being taken for a ride with the lies and cover ups regarding the new stand. Quote Link to comment Share on other sites More sharing options...
oafc_lover Posted September 10, 2015 Share Posted September 10, 2015 Would make sense as to why they seemingly don't give two hoots about the fans' reactions to each delay if they're not going to be here much longer. Quote Link to comment Share on other sites More sharing options...
kowenicki Posted September 10, 2015 Share Posted September 10, 2015 Wouldn't that be fraudulent? Seems unlikely. Quote Link to comment Share on other sites More sharing options...
sjk2008 Posted September 10, 2015 Share Posted September 10, 2015 Why the points deduction though? If he wants the club cheap, so be it. Quote Link to comment Share on other sites More sharing options...
HarryBosch Posted September 10, 2015 Share Posted September 10, 2015 I don't get the administration bit. What difference would that make if a deal is already done? Surely if Corney wants a better offer he'd be more likely to get one if we were in or around the promotion hunt and getting better crowds? Quote Link to comment Share on other sites More sharing options...
jimsleftfoot Posted September 10, 2015 Share Posted September 10, 2015 Few questions: Who told him? If the club is to be well backed, why the need for admin? Could he have heard this from someone who just made it up? Did he get a deal out of you? Quote Link to comment Share on other sites More sharing options...
oafc_lover Posted September 10, 2015 Share Posted September 10, 2015 Is the need for administration something to do with getting a larger FFP budget next season? Maybe is wipes out any budget from this year? Just speculating obviously. I have no idea how it works. Quote Link to comment Share on other sites More sharing options...
yarddog73 Posted September 10, 2015 Share Posted September 10, 2015 A deduction in the previous five year would of seen us near on relegated so whats different this year? Has a ring of Baldricks - 'I have a cunning plan' to me. Quote Link to comment Share on other sites More sharing options...
sjk2008 Posted September 10, 2015 Share Posted September 10, 2015 We won't survive a points deduction if Kelly remains in charge. We'd be lucky to survive relegation full stop. Quote Link to comment Share on other sites More sharing options...
jimsleftfoot Posted September 10, 2015 Share Posted September 10, 2015 (edited) Doesnt Admin clear debt like Portsmouth did and give a clean start....? Genuine question dont know. That would allow well backed to be used positively rather than clearing debts? It sounds odd someone in Midlands knows any details unless an element of truth in it or how would they know anything at all unless a bull:censored: merchant in general. Good point, they just got rid of having to get a CVA if I remember rightly? I agree, how does he know whats going on? Until you know that, he could have been just told by a mate who 'knows whats going on' (in his opinion) and then span it for the sake of trying to get a better deal out of the OP. Edited September 10, 2015 by jimsleftfoot Quote Link to comment Share on other sites More sharing options...
Horlicks Posted September 10, 2015 Share Posted September 10, 2015 Did he confirm if Barry Owen will keep his fan liaison role? Quote Link to comment Share on other sites More sharing options...
nzlatic Posted September 10, 2015 Share Posted September 10, 2015 Is the management duo being lined up Sven Goran Eriksson and Sol Campbell? Quote Link to comment Share on other sites More sharing options...
Twisbrogan Posted September 10, 2015 Share Posted September 10, 2015 I thought that it would be the role of the appointed administrator to find a buyer, not the previous ownership & I'd say that if any administratior got whiff that any deal was pre-areanged, they'd be duty bound to report all those involved. Writing off debts like that would impact those who are owed money (including local businesses) so a pre-arranged deal like that, can't simply just be done. Well done on the sale but I think he's (or someone else)has made that one up. He wasn't buying glue & sandwich bags was he? Quote Link to comment Share on other sites More sharing options...
HarryBosch Posted September 10, 2015 Share Posted September 10, 2015 Maybe going into admin could simply mean SC had thrown less money at it (and, therefore, "made" more on the deal) meaning we fall further into debt which would then be written off... Quote Link to comment Share on other sites More sharing options...
Stevie_J Posted September 10, 2015 Share Posted September 10, 2015 In my line of work I do a lot of travelling as a salesman and I sell a product many sports teams buy anyway I was in the midlands yesterday and got talking to a new contact and we got onto football so naturally I spoke about Oldham Athletic and this is where things got interesting. This gentleman who we will call Richard told me in no uncertain terms the club was sold pending the new stand being completed and fully functional but the deal will only go through if the club is put into administration as the new potential buyers see the club able to sustain and survive a points deduction this year before being well backed and funded in attempt to get out the division next season, they already have a well known management duo who have agreed in principle to follow the potential new owners to the club. Richard then said the club were stalling on opening the stand and as they are aggressively trying to find alternative suitors but are running out of time, the stand COULD have been finished and opened for the start of the season this Richard was adamant in that. Anyway he bought 6 months worth of my product and provided an hours worth of conversation albeit very interesting conversation. Make of that what you will. As bull:censored: goes, that really :censored:ing stinks. Quote Link to comment Share on other sites More sharing options...
HarryBosch Posted September 10, 2015 Share Posted September 10, 2015 In my line of work I do a lot of travelling as a salesman and I sell a product many sports teams buy anyway I was in the midlands yesterday and got talking to a new contact and we got onto football so naturally I spoke about Oldham Athletic and this is where things got interesting. This gentleman who we will call Richard told me in no uncertain terms the club was sold pending the new stand being completed and fully functional but the deal will only go through if the club is put into administration as the new potential buyers see the club able to sustain and survive a points deduction this year before being well backed and funded in attempt to get out the division next season, they already have a well known management duo who have agreed in principle to follow the potential new owners to the club. Richard then said the club were stalling on opening the stand and as they are aggressively trying to find alternative suitors but are running out of time, the stand COULD have been finished and opened for the start of the season this Richard was adamant in that. Anyway he bought 6 months worth of my product and provided an hours worth of conversation albeit very interesting conversation. Make of that what you will. As ever, now a few of them are starting - thanks for the info. Quote Link to comment Share on other sites More sharing options...
L1onheartNew Posted September 10, 2015 Share Posted September 10, 2015 As bull:censored: goes, that really :censored:ing stinks. Don't hold back Stevie, say what you really mean Quote Link to comment Share on other sites More sharing options...
singe Posted September 10, 2015 Share Posted September 10, 2015 (edited) There are a few holes to this story, but the deal is pretty much a pre-packed adminstration, so plausible. About 1 in 4 adminstrations in the UK are now Pre-pack type. The allow things to carry more seamlessly. JJB used this. The reason I can't quite see this being 100% true, is that the adminisatarion would presumably require SC to write off the £6m debts. Also, if we were in such dire financial straights we would not have been able to hold onto our players this summer, or sign others of the calibre we have. SC only has to hold on 1 year before the stand starts producing a profit, not a lot in terms of 12 years. There has been quite a heavy investment in OEC in the past few months, not only cash but time, marketing and getting it right. Not the actions of someone about to sell and almost bankrupt. On the other side, there is lot of detail there for some seemingly unconnected with no interest in peddling the tale. Of course, that might not be the case, and there could be an unknown connection. FWIW, I reckon that deal may well have been tabled, but SC has left it on the table and not been of interest (so far). As with most speculation like this, there will be an kernel of truth and an embellishment. The embellishment, IMHO, is that it is a done deal. It still amazes me people are corncerned that the stand has taken time. We are not a rich club, we have survived hand to mouth for decades. The problems with the stand seem to be more cash flow related rather than near bankruptcy. Temp cash flow issues should surpise no-one, surely? Edited September 10, 2015 by singe Quote Link to comment Share on other sites More sharing options...
bozman Posted September 10, 2015 Share Posted September 10, 2015 I'm not sure how the club going in to administration would be an attractive option for Corney/TTA, given that the vast majority of the club's debt is owed to them and that would ressult in most of it being written off ? Quote Link to comment Share on other sites More sharing options...
SavageTheBeast Posted September 10, 2015 Share Posted September 10, 2015 A few different people have now mentioned that we are being taken over so maybe there is something to it. Maybe the promotional video worked Quote Link to comment Share on other sites More sharing options...
HarryBosch Posted September 10, 2015 Share Posted September 10, 2015 Regardless of being taken over or not, I think we should try and do a Real Oviedo before somebody else does.... Quote Link to comment Share on other sites More sharing options...
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