Administration

[LaticsPete]

Just got a different perspective - one that's been shaped by what seems to be a very long 55 years of support

Frustration , anger, gloom are all in my experience with latics and, though you choose to ignore it, have been expressed on here

But surely it's helpful to see that life isn't as black and white as some would paint it? There are good decisions, good times, and if I didn't think there would be again I'd end up as sad, embittered and hysterical . Not that there are any on here like that of course

[ChaddySmoker]

Just got a different perspective - one that's been shaped by what seems to be a very long 55 years of support

Frustration , anger, gloom are all in my experience with latics and, though you choose to ignore it, have been expressed on here

But surely it's helpful to see that life isn't as black and white as some would paint it? There are good decisions, good times, and if I didn't think there would be again I'd end up as sad, embittered and hysterical . Not that there are any on here like that of course

55 years wow-you poor sod, but it still doesnt make your posts anymore valid. Some of us have supported the club for a similar (nearly) length of time and cannot believe the crap that has gone on over the last couple of years. Bad decision after bad decision and some of us are getting totally pissed off with it.

I was busy this morning but spoke to about half a dozen people this afternoon about Latics. The most common word was Administration. I think it is coming!

If you do not want to believe it then fair enough but dont insult my intelligence by trying to state that I shouldnt even be talking about it.

[opinions4u]

I was busy this morning but spoke to about half a dozen people this afternoon about Latics. The most common word was Administration. I think it is coming!

I get the cash flow issues and the strange Scouse finance.

 

But why would it be in the interests of Corney, Blitz or Gazal to see the club in administration?

[laticsmarra]

Although the club is not formally in Administration it has effectively been run as if it was inAdministration. since the day Blitznpulled out Cornry has been acting as the administrator,keeping the thing ticking along until a buyer could be found.A buyer hasn't been found and perhaps we are edging towards a more formal legally based Administration process.

[LaticsPete]

55 years wow-you poor sod, but it still doesnt make your posts anymore valid. Some of us have supported the club for a similar (nearly) length of time and cannot believe the crap that has gone on over the last couple of years. Bad decision after bad decision and some of us are getting totally pissed off with it.

I was busy this morning but spoke to about half a dozen people this afternoon about Latics. The most common word was Administration. I think it is coming!

If you do not want to believe it then fair enough but dont insult my intelligence by trying to state that I shouldnt even be talking about it.

So where did I suggest we shouldn't be talking about administration?

By all means disagree with me but don't make things up .

We are in a mess but that doesn't mean that some good decisions havent been made in recent years.

Use that intelligence of yours and re-read what I wrote

Edited May 29, 2016 by LaticsPete

[Scapegoat]

I don't know the details of the club and its finances (there are lots of speculation and rumour but I suspect others don't either).

 

However it's clear that with our attendances that we are going to struggle financially so what do people want?

 

I thought it was the choice of:

 

(1) An unambitious but fiscally sound approach, that would see us compete in League One - not necessarily for promotion, but be in the pack of teams that are mid-table but flirt with Play-offs / relegation

 

(2) A more financially risky approach of spending more than the current financial situation can sustain - either by gambling that success will bring financial betterment and enough to balance OR through an expectation that the owner stumps up the shortfall himself

 

 

Following the aftermath of the Moore era I don't ever want to see the club in that position again - and also wouldn't expect SC to put his own financial situation at risk - therefore for me I was accepting of (1) and was grateful that we had an owner that seemed to be able to judge that OK and not get tempted to put the club at risk.

 

 

If after all this time, we did slip into Administraion, then I suppose I then find myself disallusioned

[Latics_Fanatic]

I don't know the details of the club and its finances (there are lots of speculation and rumour but I suspect others don't either).

 

However it's clear that with our attendances that we are going to struggle financially so what do people want?

 

I thought it was the choice of:

 

(1) An unambitious but fiscally sound approach, that would see us compete in League One - not necessarily for promotion, but be in the pack of teams that are mid-table but flirt with Play-offs / relegation

 

(2) A more financially risky approach of spending more than the current financial situation can sustain - either by gambling that success will bring financial betterment and enough to balance OR through an expectation that the owner stumps up the shortfall himself

 

 

Following the aftermath of the Moore era I don't ever want to see the club in that position again - and also wouldn't expect SC to put his own financial situation at risk - therefore for me I was accepting of (1) and was grateful that we had an owner that seemed to be able to judge that OK and not get tempted to put the club at risk.

 

 

If after all this time, we did slip into Administraion, then I suppose I then find myself disallusioned

Wouldn't worry about Corney and his pals, they've effectively protected their assets under Brassbank.

[Blue_Guru]

I don't know the details of the club and its finances (there are lots of speculation and rumour but I suspect others don't either).

 

However it's clear that with our attendances that we are going to struggle financially so what do people want?

 

I thought it was the choice of:

 

(1) An unambitious but fiscally sound approach, that would see us compete in League One - not necessarily for promotion, but be in the pack of teams that are mid-table but flirt with Play-offs / relegation

 

(2) A more financially risky approach of spending more than the current financial situation can sustain - either by gambling that success will bring financial betterment and enough to balance OR through an expectation that the owner stumps up the shortfall himself

 

 

Following the aftermath of the Moore era I don't ever want to see the club in that position again - and also wouldn't expect SC to put his own financial situation at risk - therefore for me I was accepting of (1) and was grateful that we had an owner that seemed to be able to judge that OK and not get tempted to put the club at risk.

 

 

If after all this time, we did slip into Administraion, then I suppose I then find myself disallusioned

A lot of fans have come to accept 1 as being what we should strive for...a sad state of affairs which is why attendance levels just keep dropping off. It's slowly killing the clubs core and is never going to recruit new fans.

[real]

Option 1) is self contradictory

A sustainable budget with the way the club has been run for the last 10 years will only see us finish in the bottom half.

It's a direct result of dwindling gates as we lose tranche after tranche of fans through bad decisions and poor leadership.

 

Talbot appointed

Lookers demolished

Plans refused for redevelopment

Dog-gate

Penney appointed

Failsworth plan

Failsworth plan falls apart

Pre season freebie withdrawn

Season Ticket compo for reduced prices not delivered

New Stand inertia

Trust financial fraud

Lack of transparency from trust

Trust chairman insults others

Trust membership offer to STs won't work

Ched-gate and the red fleece

Holden appointed

Unexplained Dodgy loans taken out

Vague trust statements on dodgy loans

Kelly appointed

Dunn appointed

Shez leaves to a lower division

 

A couple of these were outside the club's control and a couple were bad luck,but all will have driven fans away and the other screw ups will have dented any desire to return.

As a few have suggested we might as well be in admin.

Edited May 29, 2016 by real

[OAFCinWolves]

I don't know the details of the club and its finances (there are lots of speculation and rumour but I suspect others don't either).

 

So I suppose if we all accept step 1 great. ...my concern would be the loss of fans over the last few years since this approach has been taken (as tbf SC hasn't alway ran this way). At what point do the crowds drop so low that no matter how much we cut it just doesn't pay the bills. At that point your an insolvent company and its illegal to trade. Having experienced this not paying wages is usually a good sign but the big one is usually the payments to HMRC and we don't seen to have had any bother from the Crown but then again we could of made time to pay arrangements we don't know about

 

However it's clear that with our attendances that we are going to struggle financially so what do people want?

 

I thought it was the choice of:

 

(1) An unambitious but fiscally sound approach, that would see us compete in League One - not necessarily for promotion, but be in the pack of teams that are mid-table but flirt with Play-offs / relegation

 

(2) A more financially risky approach of spending more than the current financial situation can sustain - either by gambling that success will bring financial betterment and enough to balance OR through an expectation that the owner stumps up the shortfall himself

 

 

Following the aftermath of the Moore era I don't ever want to see the club in that position again - and also wouldn't expect SC to put his own financial situation at risk - therefore for me I was accepting of (1) and was grateful that we had an owner that seemed to be able to judge that OK and not get tempted to put the club at risk.

 

 

If after all this time, we did slip into Administraion, then I suppose I then find myself disallusioned

[ChaddySmoker]

I get the cash flow issues and the strange Scouse finance.

 

But why would it be in the interests of Corney, Blitz or Gazal to see the club in administration?

It is very rarely in peoples interests but sometimes events (financially) overtake you.

As another poster said quite correctly we have been run 'as if we are in administration.'

Blitz & Gazal effected this by pulling up the money tree. Corney then backed himself.

[OAFCinWolves]

If we follow step 1 and we seem to be then that's ok so long as the crowds don't drop. At some poiñt they will drop so low that no matter how much we cut it won't cover the bills at this point we are insolvent and it's illegal to trade. Haveing been through this signs were not paying wages but the usual 1 is not meeting payments to HMRC which from the outside looking in we seem to be doing. Unless we have agreed to time to pay agreements. We don't seem to have any disgruntled suppliers so we have to guess we are paying our way. It's just at the point we can't get season ticket sales sponsorships deals and match day income to cover the running. But we are seeing the impact of this poor wages paind can't compete with teams we should be able to in reality. But it's chicken and egg and I'm sure if 7000 tics turned up every home game we would be talking about a different club so too a degree some of it is in our hands

Edited May 29, 2016 by OAFCinWolves

[bigfatjoe1]

If we follow step 1 and we seem to be then that's ok so long as the crowds don't drop. At some poiñt they will drop so low that no matter how much we cut it won't cover the bills at this point we are insolvent and it's illegal to trade. Haveing been through this signs were not paying wages but the usual 1 is not meeting payments to HMRC which from the outside looking in we seem to be doing. Unless we have agreed to time to pay agreements. We don't seem to have any disgruntled suppliers so we have to guess we are paying our way. It's just at the point we can't get season ticket sales sponsorships deals and match day income to cover the running. But we are seeing the impact of this poor wages paind can't compete with teams we should be able to in reality. But it's chicken and egg and I'm sure if 7000 tics turned up every home game we would be talking about a different club so too a degree some of it is in our hands

 

This is key. It gives us the income we need. The miserable/glory hunting people of Oldham MBC should back their own club. We are a community club where people come to socialise over a game of football. Our lack of support is a disgrace.

That said, we need an investment boost to get the players to play the football to attract the support and build the base.

[Blue_Guru]

 

This is key. It gives us the income we need. The miserable/glory hunting people of Oldham MBC should back their own club. We are a community club where people come to socialise over a game of football. Our lack of support is a disgrace.

That said, we need an investment boost to get the players to play the football to attract the support and build the base.

It really isn't a disgrace though...we are on the back of a long recession where people were hit significantly and learnt to spend more appropriately. Watching football games is a luxury many people couldn't afford never mind justify...

 

Whilst recovering slightly and confidence in spending is up, people have learnt to prioritise their money appropriately for what represents good value for money...the inspiration coming out of Boundary Park for the last few years has been minimal and isn't attractive for people to part with their money or time.

 

Time is a big one, I'm of the last generation that can still hold on to some fond memories of the good times so that puts me in my early 30's a time of marriages and new born babies which will be distracting a lot of my generation that still remember how things used to be.

Edited May 29, 2016 by Blue_Guru

[Dave_Og]

He might be doing "his" best but he's also blocking any sale by protecting his buddies ability to exploit the land that the club used to own.

 

Worth remembering that the club sold the land some years before Cornet et al got involved.

[Magister]

Worth remembering that the club sold the land some years before Cornet et al got involved.

 

But had the buy back option which attracted the land and property developer in Mr Blitz who has since made profit out of selling land and setting up personal income streams from use of the bought back land

[real]

 

Worth remembering that the club sold the land some years before Cornet et al got involved.

I'm aware of that, but the club still held the right to buy it back at the price it was sold, which TTA took advantage of without bringing it back as a club asset. Now they are making money from it without being fully transparent - eg parking money on matchdays

[Dave_Og]

I'm aware of that, but the club still held the right to buy it back at the price it was sold, which TTA took advantage of without bringing it back as a club asset. Now they are making money from it without being fully transparent - eg parking money on matchdays

 

If the land hadn't been available for development they wouldn't have bought the club.

[opinions4u]

 

If the land hadn't been available for development they wouldn't have bought the club.

And neither would anybody else have!

[Buckshawlatic]

 

If the land hadn't been available for development they wouldn't have bought the club.

 

 

If the land hadn't been available for development they wouldn't have bought the club.

 

 

And neither would anybody else have!

 

Which is why no one wants it now - land available for development has been developed, most of the proceeds go to brassbank and Corney et all want more than the original value even though they are sellig less

[real]

 

If the land hadn't been available for development they wouldn't have bought the club.

And they have now asset stripped that from the club so it's a dead duck. Enjoy next season it could be the last.

[deyres42]

And they have now asset stripped that from the club so it's a dead duck. Enjoy next season it could be the last.

Come off it, silly talk.

[real]

Come off it, silly talk.

Does Brassbank own the land, which only OAFC had the right to buy at the sale price?

Is Brassbank now profiting from that land?

Will this continue into the future?

 

Silly talk or silly assumptions?

[Kusunga_Is_God]

Come off it, silly talk.

It wont be the last season but the club have been stripped skinless.

[Dave_Og]

And they have now asset stripped that from the club so it's a dead duck. Enjoy next season it could be the last.

 

It wasn't the club's asset to be asset stripped.