beag_teeets Posted January 23, 2016 Share Posted January 23, 2016 Match on today lads. Just think how much more depressed some will be after today's tonking by Bury?!?!? Quote Link to comment Share on other sites More sharing options...
ChaddySmoker Posted January 23, 2016 Share Posted January 23, 2016 There is/ was a new mortgage/ charge document lodged with Companies House during December between Brassbank & OAFC. Sadly, I'm not knowledgeable enough about these things to understand the implications but it's publicly available for anyone who does. Would be interesting to know. To put the facts out there, rather than merely speculating as others seem happy to do. OAFC 2004 Ltd had a charge from N West back dating back to April 2004 which was settled in December. There was a new charge against OAFC Ltd created by Brassbank Ltd on 10th December 2015. There has been a new charge against OAFC Ltd created by a Liverpool firm in late December-Necarcu Ltd (09138207) registered this week. The third element is the most worrying! Quote Link to comment Share on other sites More sharing options...
Midsblue Posted January 23, 2016 Share Posted January 23, 2016 "Football owners not willing to spunk money into a black hole SHOCKER!" - what's so shocking or new about that article? I've learned more from some of the ramblings and rumours on here.... As I see it and I have no facts but just using common sense and assuming common sense of others.... 1. Blitz, Gazal and Corney buy club and land inheriting debts to the tune of £6million+ 2. Main objective is to develop land to recoup their outlay but play at football manager along the way because they like football 3. Spunk money into the club to get promotion, that doesn't happen so Blitz and Gazal end their interest in the club but honour to not charge any interest on the £6million+ and state they won't demand that money until club in Prem and can afford to do so without going bust 4. Corney takes over running of club but scales down budget year or year to ensure club is debt free, cutting cloth accordingly and only debt is then £6million+ to Blitz and Gazal. Scaling back of budget means inferior players, managers and we struggle...raising public outcry of 'no :censored: Sherlock' 5. Blitz and Gazal seek to reclaim their £6million sooner through income from new stand, selling off land for housing, hospital parking etc...if this reduces our £6million debt then great but if not then all Blitz and Gazal are doing is taking the action of successful businessmen in maximising a return with profit. 6. Blitz and Gazal opt to not pump the gains via Brassbank into playing budget because they are owed £6million plus Corney's handling has led to £400k profit last year for club. Revelation that the £400k is not being spunked into players pockets but to keep club solvent is worded in article as another SHOCKER but is this a shock or prudent management of the club? As far as I can see this article is directed to the hearts of the fans...an inflammatory piece that owners of a football club are unwilling to spunk money into players pockets and deliver success on the pitch. Spend £1 or £1 million in a squad doesn't guarantee success...its down to astute management and scouting/recruitment of players to a budget. I'm a fan and would prefer the owners to pump every penny into recruiting big exciting names with track records...even to the detriment of longer term development off pitch or financial security of the club....but it's not my money or my neck on the line. The ONLY way we can get the facts is if the Trust representatives agree with the club board to obtain and release the contents of our accounts and communicatein a simple way to answer the questions that us fans keep asking around the financial relationship between OAFC 2004, Brassbank and OEC. Unfortunately and lacking any relevation but bordering on the boring is that us fans want success on the pitch. However, our club is unwilling to break the bank to do so and the continuing plan to recruit effective managers and players in our budget hasn't delivered any success. It's frustrating for us but the facts....if you think spunking a further £400k per annum (or whatever extra) into the pockets of managers, assistant managers, coaches and players then I'm sure Corney would be happy to hand that to you as long as you put up that £400k per annum (or whatever extra) yourself and outside of the accounts of the club to guarantee the future of the club. Quote Link to comment Share on other sites More sharing options...
ChaddySmoker Posted January 23, 2016 Share Posted January 23, 2016 Common sense is not so common Quote Link to comment Share on other sites More sharing options...
HarryBosch Posted January 23, 2016 Share Posted January 23, 2016 I think it's sympathetic to us as fans. But indirectly it could be bad for us if somebody who might have been looking to deal with the club or play for us reads it and has second thoughts. To the uninitiated, everything we've had to deal with a :censored: up at a time over 10 years or so looks terrible read all in one go... Quote Link to comment Share on other sites More sharing options...
NewBlue Posted January 23, 2016 Author Share Posted January 23, 2016 Stop getting so het up about an article which uses us as a broad case study for a larger issue. Weird that anybody expects the Independent to give a :censored: about Oldham Athletic. It's a newspaper article, not :censored:ing Leveson. Quote Link to comment Share on other sites More sharing options...
singe Posted January 23, 2016 Share Posted January 23, 2016 (edited) I'm assuming the writer of the article has no affinity to us? If so, I fail to see how it's written with an agenda. To anyone who doesn't know we're secondary to the land and the income its generated, I'd say it's a fairly interesting read. They've got away with a lot as they've not made as much as they thought they would... I'm pretty sure if it'd gone to plan, a lot more people would be pissed off. The journalist's got enough of it 100% right to make me think he's probably got an inkling into the bits we're not sure about. The agenda is the most manifestly obvious point of the article. The journo gets a bit of a scoop, and then will be pally with said disgruntled person, and hopes for more down the line, and gets paid for a story. It's not like it is a unique situation. Football is littered with stories like this up and down the land. Sadly, merely a hatchet job, no right of reply, and merely a vehicle said disgruntled person. It's not going to win the writer any awards that much is certain. It contains precious little new, despite some claiming it does, and precious little of it verifiable. Fortunately, it is in the rarely read Independent, so very few will even see it. And even fewer will give a toss. Edited January 23, 2016 by singe Quote Link to comment Share on other sites More sharing options...
singe Posted January 23, 2016 Share Posted January 23, 2016 Well, it is now in writing and has been published. Unless Latics are looking to sue the Independent over a libellous statement, then it is fair to assume that there is more than a modicum of truth in it. It is entirely meaningless that it has been published. It is a gentleman's agreement and nothing more. The fact is,the debt has sat there for nigh on a decade through a financial crash, is most telling that there is honourable action taking place. But it could be called in at any time. We'd be shafted then. Quote Link to comment Share on other sites More sharing options...
longtimeblue Posted January 23, 2016 Share Posted January 23, 2016 The agenda is the most manifestly obvious point of the article. The journo gets a bit of a scoop, and then will be pally with said disgruntled person, and hopes for more down the line, and gets paid for a story. It's not like it is a unique situation. Football is littered with stories like this up and down the land. Sadly, merely a hatchet job, no right of reply, and merely a vehicle said disgruntled person. It's not going to win the writer any awards that much is certain. It contains precious little new, despite some claiming it does, and precious little of it verifiable. Fortunately, it is in the rarely read Independent, so very few will even see it. And even fewer will give a toss. It's not an agenda as us as a club. We're a perfect example. Quote Link to comment Share on other sites More sharing options...
singe Posted January 23, 2016 Share Posted January 23, 2016 (edited) It's not an agenda as us as a club. We're a perfect example. None so blind as those that cannot see. Of course it has an agenda, it paints someone in a far less negative light than they otherwise would have been. Plain as day. It would have an entirely different tone if it was an objective assessment of the plight of lower league football. Edited January 23, 2016 by singe Quote Link to comment Share on other sites More sharing options...
Magister Posted January 23, 2016 Share Posted January 23, 2016 None so blind as those that cannot see. Of course it has an agenda, it paints someone in a far less negative light than they otherwise would have been. Plain as day. It would have an entirely different tone if it was an objective assessment of the plight of lower league football. Is the tenure of the article right though....ie the land is more important than the football side? Quote Link to comment Share on other sites More sharing options...
Midsblue Posted January 23, 2016 Share Posted January 23, 2016 It's not an agenda as us as a club. We're a perfect example. Is the author of this article a fan or reported on OAFC in past? I know The Independent has in the past but the two writers may be different. However, there's a clear agenda here to suggest money being made by the owners directly or indirectly whilst they refuse to pay the going rate for assistant managers and players. Yes the same can apply to other clubs at this level but it's coincidental this is released after recent events at our club even though most of the content has been in public domain for a number of years. Quote Link to comment Share on other sites More sharing options...
Magister Posted January 23, 2016 Share Posted January 23, 2016 Is the author of this article a fan or reported on OAFC in past? I know The Independent has in the past but the two writers may be different. However, there's a clear agenda here to suggest money being made by the owners directly or indirectly whilst they refuse to pay the going rate for assistant managers and players. Yes the same can apply to other clubs at this level but it's coincidental this is released after recent events at our club even though most of the content has been in public domain for a number of years. Yes but is the tenure of the article right? Quote Link to comment Share on other sites More sharing options...
singe Posted January 23, 2016 Share Posted January 23, 2016 (edited) Is the tenure of the article right though....ie the land is more important than the football side? Not simply. But of course, the land is how the TTA became interested in us. Various plans have emerged due to changes in circumstances. It was going to be sold and we would move, be it Clayton or Failsworth or the land redevelopment was to fund a develop stadium and leisure complex bringing in additional revenue to ideally enable the stadium to be self funding. Of course, the situation has changed several times over the decade. How is that newsworthy? The only newsworthy point is the players salary wants and our first counter offer. So we can do away with the idea this is some sort of expose on shady dealings at Oldham Athletic or a fine investigation into theplight of a lower league manager. The only proven point, was that is was right to get rid of Dunn. Wrong man for the job. I suspect more than one Chairman will steer clear now. More of a snake than Johnson, and that is some level to attain. Edited January 23, 2016 by singe Quote Link to comment Share on other sites More sharing options...
singe Posted January 23, 2016 Share Posted January 23, 2016 Yes but is the tenure of the article right? I can't think where the journo got the premise that the land is more the draw that the club. Fantasic investigation, only 11 years later and from the horses mouth "The land deal helped make this an attractive opportunity that will help generate cash to make the club self-financing. We hope to use the land for some form of entertainment development whether that be a hotel, conferencing facilities, a casino or whatever - there is no firm plan yet." http://www.manchestereveningnews.co.uk/news/local-news/were-here-because-we-love-football-1158071 Quote Link to comment Share on other sites More sharing options...
Magister Posted January 23, 2016 Share Posted January 23, 2016 That's a yes then ? Quote Link to comment Share on other sites More sharing options...
singe Posted January 23, 2016 Share Posted January 23, 2016 That's a yes then ? Not totally but what is your point if it is. It pretty much has been for 11 years and the "scoop" was the MEN's 11 years ago Quote Link to comment Share on other sites More sharing options...
singe Posted January 23, 2016 Share Posted January 23, 2016 Right. Onto the actual football. Quote Link to comment Share on other sites More sharing options...
oafc0000 Posted January 23, 2016 Share Posted January 23, 2016 They bought the club in its entirety. The bit that was going to need supporting financially, the football team, was split from the assets of value (the land). The money used to keep the football team is put in as a loan and is all repayable to the owners (despite much of it arguably being misspent by them). The profits from the assets, the property development, car parks and now the stand and events all go to the owners and nowhere near the club. They played at running a football club for a bit and got bored when it turned out not to be piss easy. Then they walked away from that, saddling the club with a debt that will scare off any would-be owner. Their attention has for a long time been almost entirely focused on making money out of the other pieces of the business, whilst leaving the football club component to look after itself and brainwashing the likes of Barry into thinking we're better off not striving for promotion from this division. Since rescuing us and having a brief run at trying to win promotion, they haven't done us many favours. All of this ^^^ Quote Link to comment Share on other sites More sharing options...
help_shiny Posted January 23, 2016 Share Posted January 23, 2016 I'm somewhat befuddled (I confess a common state of mind for me) by the amount of dislike of this article. Was the deal getting the land back but keeping it separate from Latics not in the interests of the club? You betcha. Was it then leaving us in a very dangerous position which could one day land us deep in the mire? Yep. Has the club been slowly run down? Seems pretty self evident to me. Are we in such a poor position that we cant match League 1 wage demands? Again, it would seem that this is obviously true. So given all this - why the dislike? A national newspaper does a piece and goes over stuff we all know - well they should do as nobody else will have any idea about this. This isnt the Chron. And if the dislike is coming from the angle of suggesting it's a hatchet job to deeply question what the Three Amigos have done to this club then I think you're looking at this wrong. It's about time a light was shone on Brass Bank, the land, the club - if we were a bigger club with a bigger fanbase and bigger media coverage the whole sorry affair would have been completely dissected & common knowledge years ago. The writing has been on the wall for years now - even while we had little sniffs of the play offs or glorious cup victories, we've been standing on quicksand all the while and one day there is the very real risk the club will go down into it. There are people who will financially benefit from the club going out of business. That is a dreadful situation to be in and it's one we've been in for years but most Latics fans long ago decided to close their eyes and put their fingers in their ears. Can't say I blame them but it doesnt make everything go away I'm afraid. And all the while there is the huge barrier to someone coming in to buy the club from Corney - what exactly will they be buying? Who in their right mind would buy us as is,new stand or no new stand? So given that it's hard to believe someone would buy us - where does that leave us? In a very bad place and the more newspapers do stories on it the better - even if it's all rehashed stuff. It wouldnt make a blind bit of difference of course but frankly a bit of finger pointing and opprobrium is the very least some people deserve. Yes we could do a Tranmere. We could go one worse and do a Stockport County. They still play at their grounds though - we could easily outdo both of them. And if we did there'd still be people arguing there was nothing bad about the land being bought back for future personal profit rather than that of the club. Or then again maybe everything will be hunky dory, Shezza will somehow steer us to safety, a Chinese Billionaire will then buy us and the land and turn us into the area's third football world powerhouse. Quote Link to comment Share on other sites More sharing options...
oafc0000 Posted January 23, 2016 Share Posted January 23, 2016 (edited) I have no idea who will buy us in the future as there is literally nothing left to buy.... It either works under the current board or I fear we are facing a future away from BP as a phoenix club.I wish the council had kept the land all those years ago... and to think I was dumb enough to support the council selling it at the time. More fool me... Edited January 23, 2016 by oafc0000 Quote Link to comment Share on other sites More sharing options...
singe Posted January 23, 2016 Share Posted January 23, 2016 I'm somewhat befuddled (I confess a common state of mind for me) by the amount of dislike of this article. Was the deal getting the land back but keeping it separate from Latics not in the interests of the club? You betcha. Was it then leaving us in a very dangerous position which could one day land us deep in the mire? Yep. Has the club been slowly run down? Seems pretty self evident to me. Are we in such a poor position that we cant match League 1 wage demands? Again, it would seem that this is obviously true. So given all this - why the dislike? A national newspaper does a piece and goes over stuff we all know - well they should do as nobody else will have any idea about this. This isnt the Chron. And if the dislike is coming from the angle of suggesting it's a hatchet job to deeply question what the Three Amigos have done to this club then I think you're looking at this wrong. It's about time a light was shone on Brass Bank, the land, the club - if we were a bigger club with a bigger fanbase and bigger media coverage the whole sorry affair would have been completely dissected & common knowledge years ago. The writing has been on the wall for years now - even while we had little sniffs of the play offs or glorious cup victories, we've been standing on quicksand all the while and one day there is the very real risk the club will go down into it. There are people who will financially benefit from the club going out of business. That is a dreadful situation to be in and it's one we've been in for years but most Latics fans long ago decided to close their eyes and put their fingers in their ears. Can't say I blame them but it doesnt make everything go away I'm afraid. And all the while there is the huge barrier to someone coming in to buy the club from Corney - what exactly will they be buying? Who in their right mind would buy us as is,new stand or no new stand? So given that it's hard to believe someone would buy us - where does that leave us? In a very bad place and the more newspapers do stories on it the better - even if it's all rehashed stuff. It wouldnt make a blind bit of difference of course but frankly a bit of finger pointing and opprobrium is the very least some people deserve. Yes we could do a Tranmere. We could go one worse and do a Stockport County. They still play at their grounds though - we could easily outdo both of them. And if we did there'd still be people arguing there was nothing bad about the land being bought back for future personal profit rather than that of the club. Or then again maybe everything will be hunky dory, Shezza will somehow steer us to safety, a Chinese Billionaire will then buy us and the land and turn us into the area's third football world powerhouse. You have quoted me directly, then made assumptions why, that I am somehow keen to bury my head in the sand, which is a pile of crap. I'd have welcomed a light being shined on Brass Bank, and a balanced account of the benefits and pitfalls, but the article fell well short of any investigative merit. I think it's time to for Corney to pass on the mantle, but it is essential something secure and long term is in place. I don't see the queue forming. This article would have done nothing to encourage that. It attacked our club, I feel compelled to defend, I guess I am old fashioned. I am not one of those getting exciting at the prospect of saying I told you so, or I predicted this years ago. It was a favour to an ex employee of ours. Nothing more, nothing less. Quote Link to comment Share on other sites More sharing options...
help_shiny Posted January 23, 2016 Share Posted January 23, 2016 You have quoted me directly, then made assumptions why, that I am somehow keen to bury my head in the sand, which is a pile of crap. I'd have welcomed a light being shined on Brass Bank, and a balanced account of the benefits and pitfalls, but the article fell well short of any investigative merit. I think it's time to for Corney to pass on the mantle, but it is essential something secure and long term is in place. I don't see the queue forming. This article would have done nothing to encourage that. It attacked our club, I feel compelled to defend, I guess I am old fashioned. I am not one of those getting exciting at the prospect of saying I told you so, or I predicted this years ago. It was a favour to an ex employee of ours. Nothing more, nothing less. I assure you that my comment was not aimed at you,I just read the whole thread & hatchet job obviously stuck in my head,I wouldn't have been able to say who'd said it & no part of my post was aimed at any individual - beyond TTA.So what if a disgruntled person is behind the story? Lashing out at 'bad coverage' perhaps isn't defending the club at all.Maybe truly defending the club would be screaming blue murder at what's gone on. Quote Link to comment Share on other sites More sharing options...
singe Posted January 23, 2016 Share Posted January 23, 2016 I assure you that my comment was not aimed at you,I just read the whole thread & hatchet job obviously stuck in my head,I wouldn't have been able to say who'd said it & no part of my post was aimed at any individual - beyond TTA. So what if a disgruntled person is behind the story? Lashing out at 'bad coverage' perhaps isn't defending the club at all.Maybe truly defending the club would be screaming blue murder at what's gone on. Not really, that would mark me out as a conspiracy theorists, with ever more bizarre beliefs that it is all some master plan. Quote Link to comment Share on other sites More sharing options...
Magister Posted January 23, 2016 Share Posted January 23, 2016 So thinking that Dunn is in collusion with a journalist is not a conspiracy theory Quote Link to comment Share on other sites More sharing options...
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