ChaddySmoker Posted August 8, 2018 Share Posted August 8, 2018 2 minutes ago, lookersstandandy said: OAFC2004 Ltd does not own the North Stand. I would suggest that you get yourself a new calculator. Link to comment Share on other sites More sharing options...
adamoafc Posted August 8, 2018 Share Posted August 8, 2018 7 minutes ago, ChaddySmoker said: Rubbish. Brassbank owns the land (incl surrounding) plus the rest of the stands Not rubbish at all. Been confirmed on numerous occasions it’s still owed by blitz and co Link to comment Share on other sites More sharing options...
lookersstandandy Posted August 8, 2018 Share Posted August 8, 2018 3 minutes ago, ChaddySmoker said: I would suggest that you get yourself a new calculator. Link to comment Share on other sites More sharing options...
cav Posted August 8, 2018 Share Posted August 8, 2018 We rent the stand from Brassbank. The club doesn't own it. Link to comment Share on other sites More sharing options...
Buckshawlatic Posted August 8, 2018 Share Posted August 8, 2018 1 minute ago, cav said: We rent the stand from Brassbank. The club doesn't own it. Id give up if I was you. Mark Moisley and everyone on here is wrong and he’s right. Might as well accept it Link to comment Share on other sites More sharing options...
ChaddySmoker Posted August 8, 2018 Share Posted August 8, 2018 1 minute ago, cav said: We rent the stand from Brassbank. The club doesn't own it. Did we (OAFC Ltd) ever own it then? Where are these Photocopiers which cost nearly £6M over 2 years? Link to comment Share on other sites More sharing options...
Monty Burns Posted August 8, 2018 Share Posted August 8, 2018 Jayzus. Link to comment Share on other sites More sharing options...
Smiler13 Posted August 8, 2018 Share Posted August 8, 2018 2 hours ago, ChaddySmoker said: Did we (OAFC Ltd) ever own it then? Where are these Photocopiers which cost nearly £6M over 2 years? £800,000 of that stand belongs to the tax payers of Oldham. Didn’t the council give Corney that amount to go towards paying for it or was I dreaming??? Link to comment Share on other sites More sharing options...
deyres42 Posted August 8, 2018 Share Posted August 8, 2018 21 minutes ago, Smiler13 said: £800,000 of that stand belongs to the tax payers of Oldham. Didn’t the council give Corney that amount to go towards paying for it or was I dreaming??? Dreaming. Link to comment Share on other sites More sharing options...
johnafoafc Posted August 8, 2018 Share Posted August 8, 2018 51 minutes ago, Smiler13 said: £800,000 of that stand belongs to the tax payers of Oldham. Didn’t the council give Corney that amount to go towards paying for it or was I dreaming??? As another poster has mentioned it was awarded as a grant in lieu of the council being taken to the cleaners by the asset strippers. Which could have landed the tax payer with an even greater bill. Link to comment Share on other sites More sharing options...
kowenicki Posted August 8, 2018 Share Posted August 8, 2018 5 hours ago, lookersstandandy said: .....or is the £4m write down on the 3 stands the club does own? Stop being logical and pointing to the blindingly obvious conclusion. Please try to be more cynical and obtuse. Link to comment Share on other sites More sharing options...
rudemedic Posted August 8, 2018 Share Posted August 8, 2018 4 hours ago, ChaddySmoker said: So in the Accounts for the year to 30th June 2016 that must have been a very expensive photocopier that we lost £4M on after it had been valued by Ryder & Dutton The club may have owned the stand then, but since its been transferred to Brassbank. All nice and legal as the same people own both. The same way it was legal for the landlords to pass on Brassbank's tax liabilities to the club to keep Brassbank a dormant business. Link to comment Share on other sites More sharing options...
Buckshawlatic Posted August 8, 2018 Share Posted August 8, 2018 41 minutes ago, rudemedic said: The club may have owned the stand then, but since its been transferred to Brassbank. All nice and legal as the same people own both. The same way it was legal for the landlords to pass on Brassbank's tax liabilities to the club to keep Brassbank a dormant business. I’m not sure the club ever owned it - the Oldham Event Centre seemed to be its own entity from the get go. I could be wrong of course. Though club money funded it (very slowly, I work in civil engineering and whilst not an engineer a senior member of our business who is also a Latics fan was laughing at the length of time it took just to get the frame up) Link to comment Share on other sites More sharing options...
GlossopLatic Posted August 8, 2018 Share Posted August 8, 2018 6 hours ago, cav said: We rent the stand from Brassbank. The club doesn't own it. The club leases the stadium their is a difference between leasing and renting. Link to comment Share on other sites More sharing options...
Buckshawlatic Posted August 8, 2018 Share Posted August 8, 2018 5 minutes ago, GlossopLatic said: The club leases the stadium their is a difference between leasing and renting. The exact word used by Moisley and Joy before him was “rent” Link to comment Share on other sites More sharing options...
Sparkleking Posted August 8, 2018 Share Posted August 8, 2018 12 minutes ago, GlossopLatic said: The club leases the stadium their is a difference between leasing and renting. What is the difference? Link to comment Share on other sites More sharing options...
UsedtobeWozzer Posted August 8, 2018 Share Posted August 8, 2018 7 hours ago, lookersstandandy said: .....or is the £4m write down on the 3 stands the club does own? I think it’s fairly safe to assume it’s not that. Link to comment Share on other sites More sharing options...
lookersstandandy Posted August 8, 2018 Share Posted August 8, 2018 9 minutes ago, UsedtobeWozzer said: I think it’s fairly safe to assume it’s not that. Don’t be so sure. Link to comment Share on other sites More sharing options...
super_blue Posted August 8, 2018 Share Posted August 8, 2018 21 minutes ago, Sparkleking said: What is the difference? A lease is generally longer term and can’t be changed once agreed. It stops the landlord changing the goalposts and also stops the tenant walking away when it suits them. Renting doesn’t tend to be long term and terms can be changed easier by the landlord. Link to comment Share on other sites More sharing options...
deyres42 Posted August 8, 2018 Share Posted August 8, 2018 25 minutes ago, Sparkleking said: What is the difference? I think a lease is generally over a long period of time with a set price whereas rental is short term and pricing more volatile. 2031 our existing lease expires. Link to comment Share on other sites More sharing options...
UsedtobeWozzer Posted August 8, 2018 Share Posted August 8, 2018 27 minutes ago, lookersstandandy said: Don’t be so sure. If they’re still depreciating the main stand and Chaddy after they’ve been up for 100 years that’s some accounting policy they have. The Rochdale Road end cost around £1.7m from memory and has been up what 25 years? If they’re writing that off over say 50 years it’s still only £85k a year. Nowhere near £4m. Edit - actually 34k a year, 85k would be 20 years in which case it would already have zero value in the accounts. Link to comment Share on other sites More sharing options...
Dave_Og Posted August 8, 2018 Share Posted August 8, 2018 5 minutes ago, UsedtobeWozzer said: The Rochdale Road end cost around £1.7m from memory Should have been called the Earl Barrett stand. Link to comment Share on other sites More sharing options...
UsedtobeWozzer Posted August 8, 2018 Share Posted August 8, 2018 1 minute ago, Dave_Og said: Should have been called the Earl Barrett stand. To be honest that’s where I got the figure from. Don’t think it was too far from that! Link to comment Share on other sites More sharing options...
lookersstandandy Posted August 8, 2018 Share Posted August 8, 2018 10 minutes ago, UsedtobeWozzer said: If they’re still depreciating the main stand and Chaddy after they’ve been up for 100 years that’s some accounting policy they have. The Rochdale Road end cost around £1.7m from memory and has been up what 25 years? If they’re writing that off over say 50 years it’s still only £85k a year. Nowhere near £4m. It was £2.8m.... I’ve just looked it up.... and I’m telling you it related to fixed assets of OAFC2004 Ltd. Link to comment Share on other sites More sharing options...
UsedtobeWozzer Posted August 8, 2018 Share Posted August 8, 2018 19 minutes ago, lookersstandandy said: It was £2.8m.... I’ve just looked it up.... and I’m telling you it related to fixed assets of OAFC2004 Ltd. So they had a £4m write down on a stand that cost £2.8m and has been up 25 years. OK. Link to comment Share on other sites More sharing options...
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