lookersstandandy Posted June 29, 2018 Share Posted June 29, 2018 58 minutes ago, Lee Sinnott said: He has managed to get some money from an investment company. Investment companies usually require their investment to yield a return.... Link to comment Share on other sites More sharing options...
Nohairdontcare Posted June 29, 2018 Share Posted June 29, 2018 49 minutes ago, Whitts said: Any investment is welcome. Every little helps. Depends what strings are attached to the investment... Link to comment Share on other sites More sharing options...
Lee Sinnott Posted June 29, 2018 Share Posted June 29, 2018 3 hours ago, LaticsLegend said: Is that players, staff or both? 3 hours ago, LaticsLegend said: There hasn't been a problem with wages for a quite a few months now is my understanding The players also haven't been paid again today and aren't likely to until next week... Link to comment Share on other sites More sharing options...
robboman Posted June 29, 2018 Share Posted June 29, 2018 15 minutes ago, Lee Sinnott said: The players also haven't been paid again today and aren't likely to until next week... Is this a money issue or new bank issue? Or money issue due to new bank? Link to comment Share on other sites More sharing options...
whittles left foot Posted June 29, 2018 Share Posted June 29, 2018 24 minutes ago, Lee Sinnott said: The players also haven't been paid again today and aren't likely to until next week... What an attractive package we must seem to any potential new signing. Link to comment Share on other sites More sharing options...
adamoafc Posted June 29, 2018 Share Posted June 29, 2018 1 hour ago, Lee Sinnott said: The players also haven't been paid again today and aren't likely to until next week... If they get paid last day on month that’s tomorrow? They get paid bacs I think so would go through on a weekend so still time. (False hope?) Link to comment Share on other sites More sharing options...
Buckshawlatic Posted June 29, 2018 Share Posted June 29, 2018 5 minutes ago, adamoafc said: If they get paid last day on month that’s tomorrow? They get paid bacs I think so would go through on a weekend I believe it’s the last working day not the last day Link to comment Share on other sites More sharing options...
adamoafc Posted June 29, 2018 Share Posted June 29, 2018 1 minute ago, Buckshawlatic said: I believe it’s the last working day not the last day Saturday is a working day for a footballer? Doubt they work it Monday to Friday with their job. Link to comment Share on other sites More sharing options...
yarddog73 Posted June 29, 2018 Share Posted June 29, 2018 Read somewhere that the delay this month is down to a change in the bank the club uses, if you follow the #oafc on twitter a club employee has posted that there have been technical issues, I suppose it depends who you want to believe. Link to comment Share on other sites More sharing options...
Lee Sinnott Posted June 29, 2018 Share Posted June 29, 2018 58 minutes ago, robboman said: Is this a money issue or new bank issue? Or money issue due to new bank? No idea on the issue. But it is both players and staff... Link to comment Share on other sites More sharing options...
Lee Sinnott Posted June 29, 2018 Share Posted June 29, 2018 12 minutes ago, adamoafc said: Saturday is a working day for a footballer? Doubt they work it Monday to Friday with their job. Come off it mate. Working days are Mon-Fri... Link to comment Share on other sites More sharing options...
Buckshawlatic Posted June 29, 2018 Share Posted June 29, 2018 17 minutes ago, adamoafc said: Saturday is a working day for a footballer? Doubt they work it Monday to Friday with their job. Yes but not the accepted last working day for BACS payments. That’s the last working week day of the month and considering they play on a Saturday do you really have to doubt them working Monday to Friday? ? Link to comment Share on other sites More sharing options...
adamoafc Posted June 29, 2018 Share Posted June 29, 2018 1 minute ago, Buckshawlatic said: Yes but not the accepted last working day for BACS payments. That’s the last working week day. and considering they play on a Saturday do you really to doubt them working Monday to Friday? ? Doubt they worked at all after January ? Link to comment Share on other sites More sharing options...
sjk2008 Posted June 29, 2018 Share Posted June 29, 2018 Just because they’re footballers they won’t get paid on a Saturday. Link to comment Share on other sites More sharing options...
singe Posted June 30, 2018 Share Posted June 30, 2018 Changes to BACS for weekend payments. Doubt this is the issue, surely. This is more for Adam. https://www.mirror.co.uk/money/natwest-just-made-huge-change-11906519 Link to comment Share on other sites More sharing options...
Worcester Owl Posted June 30, 2018 Share Posted June 30, 2018 14 hours ago, Lee Sinnott said: Bourney's tweet is pretty accurate... ... ... ... Gotta love those .... dude... Link to comment Share on other sites More sharing options...
latics22 Posted June 30, 2018 Share Posted June 30, 2018 I rent a house out and I get paid by bacs, it never seems to come out on a set day anything from the 16th till as late as the 20th Link to comment Share on other sites More sharing options...
Smiler13 Posted June 30, 2018 Share Posted June 30, 2018 Government pensions are now usually paid into a bank account on a Monday Link to comment Share on other sites More sharing options...
laticsmarra Posted June 30, 2018 Share Posted June 30, 2018 Given the past problems with paying wages they have had a month to sort out any "technical" issues with the bank. This is amateurish,you cannot afford to not pay employees on time, in that scenario staff motivation hits rock bottom and they start heading for the door. Footballers are no different Link to comment Share on other sites More sharing options...
kowenicki Posted June 30, 2018 Share Posted June 30, 2018 14 minutes ago, laticsmarra said: Given the past problems with paying wages they have had a month to sort out any "technical" issues with the bank. This is amateurish,you cannot afford to not pay employees on time, in that scenario staff motivation hits rock bottom and they start heading for the door. Footballers are no different I agree. But it kind of depends on what the issue is, where it lies and when it came about? Link to comment Share on other sites More sharing options...
yarddog73 Posted June 30, 2018 Share Posted June 30, 2018 15 minutes ago, laticsmarra said: Given the past problems with paying wages they have had a month to sort out any "technical" issues with the bank. This is amateurish,you cannot afford to not pay employees on time, in that scenario staff motivation hits rock bottom and they start heading for the door. Footballers are no different Whilst you have a point changing banks and sorting out the payroll would be a pretty major undertaking for most organisations, not sure who is responsible for the day to day stuff at the club at the moment as some staff seem to of been fired off and AL has been away in Russia but lets hope these type of issues can be resolved going forward. Link to comment Share on other sites More sharing options...
tGWB Posted June 30, 2018 Share Posted June 30, 2018 You don't have to be some Business Guru to get the basics right ! Any of us on this forum would have made our very first priority every single month to pay our players and staff on time Am afraid to say its increasing looking like our new owner has little commercial attributes and could well be a right chancer Oh and while I'm at it, the talk of any Venture Capital business being interested in Latics is frankly, laughable, as there is absolutely no money in lower league football Link to comment Share on other sites More sharing options...
Midsblue Posted June 30, 2018 Share Posted June 30, 2018 If this bloke has spent £5-£6 million so far then he must have wealth or backers. To be able to lose that amount with no timescale on return isn’t an action when that £6 million is your only wealth. I too cannot see why venture capitalists are interested unless next step is to purchase the stadium and surrounding land from Blitz. This will give them an asset value to the club acquisition that will only increase in value. Purchasing just the club is short-term. Granted you can buy players, develop and sell at a profit but at our level it’s not going to generate mass profit. Youth development could deliver profit too but we seriously need to improve our infrastructure of training facilities. Frustrating for me is no clear strategy on AL’s short, medium and long-term objectives and ambitions. Seems very much hand to mouth at moment with player sales or releases to balance books plus players still being paid late. No CEO in charge and no sign of AL for weeks. Granted players only returned on Thursday but the club operates 52 weeks a year and hasn’t massive concerns over debts, operating income v expenditure etc. As someone suggested, money is imminent and highly likely that theyll shortly be new faces in the boardroom. This was supported by Nixon on Twitter and whilst some criticise the bloke, why would he affirm this when it’s easier to pour doubt on it and sensationalise the further demise of the club. Im ever the optimist so I’m suspecting next week will see developments at the club to stabilise and reassure the fans. Hopefully it signals the ambition and is more than just new faces. Link to comment Share on other sites More sharing options...
rg2403 Posted June 30, 2018 Share Posted June 30, 2018 Can we just have a separate thread for bourney and sinnot that they put their posts on because im bored of trawling through absolute negative drivel on here to get those little snippets of info that are at times 80-90% accurate. Clutching at straws. Link to comment Share on other sites More sharing options...
tGWB Posted June 30, 2018 Share Posted June 30, 2018 Midsblue Recent public statement from Mr Lemsagam, "unfortunately the mess was bigger than we expected", certainly got my alarm bells ringing. Its really not difficult to work out what you are buying, your assets, your outgoings and current creditors v your available income streams (attendances, marketing, player sales, cup competitions). So how it a bigger mess than he expected ! If the rumours are true regarding new investors, doesn't that simply evidence Mr Lemsagam has all but exhausted his personal financial investment I was never remotely expecting someone with massive wealth to keep pumping £millions into out Club but I was expecting someone with enough £s, with decent business acumen to start running the Club properly. Running the Club properly most certainly does not include paying a player £11,500/week in League One (if that is true). Now off the books thankfully but what an absolutely commercially naïve decision to take. As you pointed out, we have no one currently running the Club yet most of us would have prioritised the appointment of a commercially aware CEO / Board Member to improve the day to day running of the Club, as it was glaringly obvious we needed that strength to progress Early School Report for Mr Lemsagam so far: Blunder after blunder unfortunately Must do better Link to comment Share on other sites More sharing options...
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