nzlatic Posted February 4, 2016 Share Posted February 4, 2016 http://www.oldham-chronicle.co.uk/news-features/10/oldham-athletic-news/86412/new-stand-2m-over-budget Read the lines. The sale of players has gone into that stand, that the club doesn't own. Please don't think Blitz has paid for the stand fully. Remember the council have put in as well. Every bit of extra TV money, transfers etc will have gone into that stand. A percentage of it was funded by them. They are getting a percentage of the revenue. Struggling to see the issue with that. Quote Link to comment Share on other sites More sharing options...
BP1960 Posted February 4, 2016 Share Posted February 4, 2016 (edited) A percentage of it was funded by them. They are getting a percentage of the revenue. Struggling to see the issue with that. Are all the others who put a percentage in getting a percentage back as well? Edited February 4, 2016 by BP1960 Quote Link to comment Share on other sites More sharing options...
GlossopLatic Posted February 4, 2016 Share Posted February 4, 2016 Not sure if some are thick or deluded. You don't have to read between the lines, just read the lines. OAFC makes money from club related things within the stand. Full stop. Who defines what club related is I don't know but a wedding or the gym won't be. Your don't understand what a lease is you shouldnt be calling those that do thick. It's really not uncommon for someone to have a lease on a building where they pay rent on the land and claim rent from separate tenants who use the building. Quote Link to comment Share on other sites More sharing options...
nzlatic Posted February 4, 2016 Share Posted February 4, 2016 Are all the others who put a percentage in getting a percentage back as well?I presume so - nature of an investment. Except the council as there's was a grant wasn't it? Quote Link to comment Share on other sites More sharing options...
Senor_Coconut Posted February 4, 2016 Share Posted February 4, 2016 Do we make enough money over the course of a season to cover all our bills? Quote Link to comment Share on other sites More sharing options...
bluear Posted February 4, 2016 Share Posted February 4, 2016 Do we make enough money over the course of a season to cover all our bills? I don't believe we do without factoring in transfers and cup runs. May be wrong. Sure that's way it is though Quote Link to comment Share on other sites More sharing options...
Clifford Posted February 4, 2016 Share Posted February 4, 2016 Your don't understand what a lease is you shouldnt be calling those that do thick. It's really not uncommon for someone to have a lease on a building where they pay rent on the land and claim rent from separate tenants who use the building. Christ, Simon Brooke is clear. OAFC will be making money on club related things. If you think Latics will be getting the money from the gym you are incorrect. We were told the gym etc on this stand would make money for oafc 365. It won't. Quote Link to comment Share on other sites More sharing options...
singe Posted February 4, 2016 Share Posted February 4, 2016 Christ, Simon Brooke is clear. OAFC will be making money on club related things. If you think Latics will be getting the money from the gym you are incorrect. We were told the gym etc on this stand would make money for oafc 365. It won't. Not quite true, the rent they pay will help make OAFC money 365. Supposedly. Quote Link to comment Share on other sites More sharing options...
Clifford Posted February 4, 2016 Share Posted February 4, 2016 I don't believe we do without factoring in transfers and cup runs. May be wrong. Sure that's way it is though We made a decent profit not long ago. Every extra penny in we've had that hasn't been budgeted for will have gone into TTAs new stand. Quote Link to comment Share on other sites More sharing options...
Clifford Posted February 4, 2016 Share Posted February 4, 2016 Not quite true, the rent they pay will help make OAFC money 365. Supposedly. Except as it's non club related it seems the rent won't be paid to OAFC. Simon Bs words are clear and very well chosen words. The gyms coming soon, he makes no mention of that increasing funding into the club. Quote Link to comment Share on other sites More sharing options...
bluear Posted February 4, 2016 Share Posted February 4, 2016 We made a decent profit not long ago. Every extra penny in we've had that hasn't been budgeted for will have gone into TTAs new stand. Was that profit from transfers and cup runs? Quote Link to comment Share on other sites More sharing options...
Clifford Posted February 4, 2016 Share Posted February 4, 2016 Was that profit from transfers and cup runs? I believe so. That money was not spent on the playing staff. It was put into the stand, we don't own. OAFC pay the wages (maybe even playershare), develop the player, sell the player, the money goes into the stand, which we don't own. Quote Link to comment Share on other sites More sharing options...
Stevie_J Posted February 4, 2016 Share Posted February 4, 2016 Paying rent to the football club! OAFC own the stand. It's built on land OAFC lease from Brass Bank. Like I lease the land my home is built on. Albeit for the next 950 years in my case. I'm not so sure about that o4u. Surely, if the club was receiving rent it would have been mentioned in the Trust statement, instead of ticket sales, pies & pints. Also, it seems pretty clear that the club gets nothing from non-club events but surely the club would have wanted to talk up the benefit to the club and would have mentioned any rent/licence fees coming from the retail units or OEC. As I see it, OAFC does not 'own' the stand. Could it be the club's lease is non-exclusive or specifically excludes the retail units? I don't see why Bra$$bank would need to include those, nor why it would do so given that the people behind it haven't shown the greatest inclination to channel money into the club if they don't have to. Quote Link to comment Share on other sites More sharing options...
Clifford Posted February 4, 2016 Share Posted February 4, 2016 I'm not so sure about that o4u. Surely, if the club was receiving rent it would have been mentioned in the Trust statement, instead of ticket sales, pies & pints. Also, it seems pretty clear that the club gets nothing from non-club events but surely the club would have wanted to talk up the benefit to the club and would have mentioned any rent/licence fees coming from the retail units or OEC. As I see it, OAFC does not 'own' the stand. Could it be the club's lease is non-exclusive or specifically excludes the retail units? I don't see why Bra$$bank would need to include those, nor why it would do so given that the people behind it haven't shown the greatest inclination to channel money into the club if they don't have to. ? Quote Link to comment Share on other sites More sharing options...
NewBlue Posted February 4, 2016 Share Posted February 4, 2016 Knowing the sum of nothing about this, if the money went to the club, Brooke would've said it. Why wouldn't he want to talk up the part the stand plays in financing the club? Quote Link to comment Share on other sites More sharing options...
boundaryblue80 Posted February 4, 2016 Share Posted February 4, 2016 (edited) 3 points on Saturday and the thread will drop off the board. We will all be optimistic again. It shouldn't drop off the board though. It's taken this current :censored:storm for serious questions to be asked...they should have been being asked in the past. Those who did question the goings on have often been ridiculed by the majority...that is changing to a minority now. Staying up, if we manage to, does not change the hamstrung regime we reside under. Edited February 4, 2016 by boundaryblue80 Quote Link to comment Share on other sites More sharing options...
singe Posted February 4, 2016 Share Posted February 4, 2016 Do we make enough money over the course of a season to cover all our bills? I don't believe we do without factoring in transfers and cup runs. May be wrong. Sure that's way it is though Chaddy Smoker has done the end of year figs for the past 10 years (am trying to find it) Off the top of my head Basically last year was £450k profit. Obviosuly that has been swallowed up in the new stand. It maybe to 2014 though. THe previous two yers were a £50k and £25k ish. Every other year prior was a loss, including £1.5m one year. Net loss over their tenure has been very high. Quote Link to comment Share on other sites More sharing options...
deyres42 Posted February 4, 2016 Share Posted February 4, 2016 I believe so. That money was not spent on the playing staff. It was put into the stand, we don't own. OAFC pay the wages (maybe even playershare), develop the player, sell the player, the money goes into the stand, which we don't own. You still haven't explained why you think that is such a terrible thing, given that the lads who own Brassbank also own OAFC, albeit two of them don't appear to be actively involved. Quote Link to comment Share on other sites More sharing options...
HarryBosch Posted February 4, 2016 Share Posted February 4, 2016 (edited) It could be on very good terms, or it could be on very onerous terms. It affects the club. Fans have the right to look up publicly available information, and a right to be concerned if they wish. They also are prefectly entitled to try and seek answers, naturally though, they are not entitled to demand or be given answers. It does not follow they are trying to undermine the club. Can't see what your problem is, to be honest. Wasn't there an interest rate on the documentation someone found? Should we be asking what the interest rates & charges are for the clubs banking too? What tariff are they on for gas & electricity? How much are we paying for pens? Bogroll? Edited February 4, 2016 by HarryBosch Quote Link to comment Share on other sites More sharing options...
singe Posted February 4, 2016 Share Posted February 4, 2016 Chaddy Smoker has done the end of year figs for the past 10 years (am trying to find it) Off the top of my head Basically last year was £450k profit. Obviosuly that has been swallowed up in the new stand. It maybe to 2014 though. THe previous two yers were a £50k and £25k ish. Every other year prior was a loss, including £1.5m one year. Net loss over their tenure has been very high. I have found some figures 2011 -£785k 2012 + £7k 2013 +£284k 2014 +£450k Obviosuly we are certain much went into the new stand. Adn it is to the end of 2014 only Quote Link to comment Share on other sites More sharing options...
singe Posted February 4, 2016 Share Posted February 4, 2016 You still haven't explained why you think that is such a terrible thing, given that the lads who own Brassbank also own OAFC, albeit two of them don't appear to be actively involved. Bascially, if the £6m is static, then things are stable. If OEC is in lieu of interest payements, and does not reduce the debt, a whole financial different picture emerges. Quote Link to comment Share on other sites More sharing options...
boundaryblue80 Posted February 4, 2016 Share Posted February 4, 2016 Do we make enough money over the course of a season to cover all our bills? All depends what you mean by bills. In the 2009/10 season we would've turned a profit but for The Three Assetstrippers lumping a £1m Failsworth R&D bill into OAFC's accounts instead of Brassbanks... Quote Link to comment Share on other sites More sharing options...
singe Posted February 4, 2016 Share Posted February 4, 2016 Wasn't there an interest rate on the documentation someone found? Should we be asking what the interest rates & charges are for the clubs banking too? What tariff are they on for gas & electricity? How much are we paying for pens? Bogroll? Just let the grown ups get on with it. We'll let you know when there is something you can comprehend. Quote Link to comment Share on other sites More sharing options...
deyres42 Posted February 4, 2016 Share Posted February 4, 2016 Bascially, if the £6m is static, then things are stable. If OEC is in lieu of interest payements, and does not reduce the debt, a whole financial different picture emerges. Indeed. We shall see how it pans out in the coming years. Quote Link to comment Share on other sites More sharing options...
ChaddySmoker Posted February 4, 2016 Share Posted February 4, 2016 (edited) Chaddy Smoker has done the end of year figs for the past 10 years (am trying to find it) Off the top of my head Basically last year was £450k profit. Obviosuly that has been swallowed up in the new stand. It maybe to 2014 though. THe previous two yers were a £50k and £25k ish. Every other year prior was a loss, including £1.5m one year. Net loss over their tenure has been very high. Year to 31st DEC 2004 LOSS 867877 Year to 31st DEC 2005 LOSS 875562 Year to 31st DEC 2006 LOSS 619639 Year to 31st DEC 2007 LOSS 537846 Year to 31st DEC 2008 LOSS 414006 Includes Everton away Year to 31st DEC 2009 LOSS 1523937 Year to 31st DEC 2010 LOSS 784815 Year to 31st DEC 2011 PROFIT 7519 18 Mths to 30th JUNE 2013 PROFIT 283725 Includes Liverpool AWAY and next season at home & Everton home & away Year to 30th JUNE 2014 PROFIT 450180 Includes Liverpool away Year to 30th JUNE 2015 --------------------------------DUE BY 31ST MARCH 2016 BUT MIGHT BE LATE-USUALLY ARE LATE Edited February 4, 2016 by ChaddySmoker Quote Link to comment Share on other sites More sharing options...
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