Midsblue Posted January 29, 2017 Share Posted January 29, 2017 If another £500,000 is spent before the transfer deadline I might be convinced. 30% of the club, which equates to what? Or 30% of the land/stadium owned by Brassbank i.e. Paying Blitz 30% of their c£10m so £4m?! I'm getting confused now over who owns what and how much is owed. Can whoever attended the meeting last week construct a "Janet & John" overview of the books? Quote Link to comment Share on other sites More sharing options...
L1onheartNew Posted January 29, 2017 Share Posted January 29, 2017 Watch them reopen butterworths I would come home for that Quote Link to comment Share on other sites More sharing options...
Up2NoGooD Posted January 29, 2017 Share Posted January 29, 2017 Or the New Moon. Yes, Harry handed it down to his son, who nobody liked especially the workers. I always remember, In the New Moon window, that poster of a very well endowed lady holding a microphone (singing presumably) and the fact she didn't have any upper clothes on, although i doubt they did bra sizes that big anyway. Quote Link to comment Share on other sites More sharing options...
L1onheartNew Posted January 29, 2017 Share Posted January 29, 2017 Probably before the time of many on here, but Jim Williams was the best ever Chron reporter, a genius with words and never held back on his views. Loved Jim Williams! Bob Young was also a worthy successor Quote Link to comment Share on other sites More sharing options...
Danbright12 Posted January 30, 2017 Share Posted January 30, 2017 30% of the club, which equates to what? Or 30% of the land/stadium owned by Brassbank i.e. Paying Blitz 30% of their c£10m so £4m?! I'm getting confused now over who owns what and how much is owed. Can whoever attended the meeting last week construct a "Janet & John" overview of the books? The club and land i.e. stadium etc... are separate entities. SC owns the club, SB/DG own the land which is held under Brass Bank. As for as I am aware we got told last week. The amount we owe to Blitz is capped at 4m, which will only be repaid if we ever reach the premiership. Effectively, if someone was to buy us, they would have to buy the club, as in OAFC, and then separately negotiate a deal for the stadium/surrounding land. On the unlikely event the Chinese investors have bought 30%, I am inclined to assume this would be 30% of the club, not the land/stadium. If a buy-out of the entirety arouse (i.e. everything) I would assume the whole cost would be around 8m, going from figures and land worth. Quote Link to comment Share on other sites More sharing options...
Midsblue Posted January 30, 2017 Share Posted January 30, 2017 The club and land i.e. stadium etc... are separate entities. SC owns the club, SB/DG own the land which is held under Brass Bank. As for as I am aware we got told last week. The amount we owe to Blitz is capped at 4m, which will only be repaid if we ever reach the premiership. Effectively, if someone was to buy us, they would have to buy the club, as in OAFC, and then separately negotiate a deal for the stadium/surrounding land. On the unlikely event the Chinese investors have bought 30%, I am inclined to assume this would be 30% of the club, not the land/stadium. If a buy-out of the entirety arouse (i.e. everything) I would assume the whole cost would be around 8m, going from figures and land worth. That's my point - it'll be the club so 30% of assets - being the players - and what would that be worth?! Quote Link to comment Share on other sites More sharing options...
youngen Posted January 30, 2017 Share Posted January 30, 2017 If they are serious about making money on OAFC as a football club in the long term, then the land is almost irrelevant. The money from rising up a division would be worth more than the stadium. If someone wants to buy the land and all, I wouldnt be surprised fi they tried to move us and knock it down for housing. Quote Link to comment Share on other sites More sharing options...
joe_lead Posted January 30, 2017 Share Posted January 30, 2017 Is the land not relevant in terms of borrowing? as you are unlikely to be able to secure a loan on reasonable terms against the football club alone, unless you find a kind benefactor who knows he/she's unlikely to see it ever repaid.. In the absence of a quality product to offer or assets to sell, we are left in a position where we need either owners/investors to cover the operating budget shortfall, or lucrative sponsorship deals. It's a vicious circle that we've been in and until we break it the noose will continue to tighten (apologies for mixed metaphors) Quote Link to comment Share on other sites More sharing options...
jorvik_latic Posted January 30, 2017 Share Posted January 30, 2017 Is the land not relevant in terms of borrowing? as you are unlikely to be able to secure a loan on reasonable terms against the football club alone, unless you find a kind benefactor who knows he/she's unlikely to see it ever repaid.. In the absence of a quality product to offer or assets to sell, we are left in a position where we need either owners/investors to cover the operating budget shortfall, or lucrative sponsorship deals. It's a vicious circle that we've been in and until we break it the noose will continue to tighten (apologies for mixed metaphors) If we're looking for investors who need to borrow money, we may as well give up now. Quote Link to comment Share on other sites More sharing options...
yarddog73 Posted January 30, 2017 Share Posted January 30, 2017 Yes we've already got one of those. Quote Link to comment Share on other sites More sharing options...
BP1960 Posted January 30, 2017 Share Posted January 30, 2017 If we're looking for investors who need to borrow money, we may as well give up now. The Glazer's? Quote Link to comment Share on other sites More sharing options...
mickjagger Posted January 30, 2017 Share Posted January 30, 2017 The Glazer's? Is that really a good example they have been a real pane to deal with at times. Quote Link to comment Share on other sites More sharing options...
Ogdenwoodwhittle Posted January 30, 2017 Share Posted January 30, 2017 But at least transparent in their actions? Quote Link to comment Share on other sites More sharing options...
BJBlue Posted January 30, 2017 Share Posted January 30, 2017 Is that really a good example they have been a real pane to deal with at times. I see what you did there... Quote Link to comment Share on other sites More sharing options...
Matt Posted January 30, 2017 Share Posted January 30, 2017 Is that really a good example they have been a real pane to deal with at times. That's a glazier. Quote Link to comment Share on other sites More sharing options...
24hoursfromtulsehill Posted January 30, 2017 Share Posted January 30, 2017 The Glazer's? I don't think they're in the frame. Quote Link to comment Share on other sites More sharing options...
Dave_Og Posted January 30, 2017 Share Posted January 30, 2017 (edited) I don't think they're in the frame. They'd sashay over here at the double but I fear we would be a stain on their business given our glass half empty approach Edited January 30, 2017 by Dave_Og Quote Link to comment Share on other sites More sharing options...
piglinbland Posted January 30, 2017 Share Posted January 30, 2017 The comments on here would be vitric, we'd bay for their blood! Quote Link to comment Share on other sites More sharing options...
HarryBosch Posted January 30, 2017 Share Posted January 30, 2017 If we're looking for investors who need to borrow money, we may as well give up now. I'm not so sure. Speculate to accumulate.....? Quote Link to comment Share on other sites More sharing options...
singe Posted January 30, 2017 Share Posted January 30, 2017 That's a glazier. Was he Starskey, or Hutch? Quote Link to comment Share on other sites More sharing options...
L1onheartNew Posted January 31, 2017 Share Posted January 31, 2017 Was he Starskey, or Hutch? The window to your Soul... Quote Link to comment Share on other sites More sharing options...
RichardOafc Posted January 31, 2017 Share Posted January 31, 2017 Was he Starskey, or Hutch? more chance of finding a huggy bear as a owner than a glazer Quote Link to comment Share on other sites More sharing options...
longtimeblue Posted February 9, 2017 Share Posted February 9, 2017 Anyone heard owt? Quote Link to comment Share on other sites More sharing options...
oafc_lover Posted February 9, 2017 Share Posted February 9, 2017 Anyone heard owt? Someone posted on Twatter that they're still interested and will be investing once full due diligence has been completed. So this tells me no, they're not buying us. Quote Link to comment Share on other sites More sharing options...
Dick_Valentine Posted February 9, 2017 Share Posted February 9, 2017 I hope there isn't a red fleece anywhere near this Quote Link to comment Share on other sites More sharing options...
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