PeteG 16 Posted Tuesday at 03:56 PM Share Posted Tuesday at 03:56 PM 14 minutes ago, nzlatic said: That's the main issue for me - acquiring it in the first place. It seems the 2 parties are massively overvaluing their respective assets. But with cash in hand and a proper plan, it might be feasible to make a sale at market values? Who knows. Got to be worth a shot anyway! I'm fully aware of one party who enquired about buying the club last year. They were looking at Championship clubs prior to this and tbh £10 million would have been chicken feed for them. However, they were not prepared to deal with 2 parties and made it clear that Abdallah would have to purchase the ground from Brassbank and then they would buy the lot from Abdallah. They contacted the clubs solicitors but they didn't even receive a response and so took that as there was no interest in selling. They wouldn't be interested again having not had the common courtesy of receiving a reply. Quote Link to post Share on other sites
GlossopLatic 2,640 Posted Tuesday at 04:05 PM Share Posted Tuesday at 04:05 PM 8Even if Blitz and Abdullah had a spectacular change of heart and handed over the club the land and wrote of the directors loans to competent owners even then I don't think Oldham Athletic would be profitable. Having said their can be only so long that Blitz and Abdullah want to keep on doing this. Blitz has alot of land with a football club in the middle of it. His tenant is volatile and if he kicks him out then not only does he get alot of bad publicity. Their won't be another team who will play at Boundary Park so he will be left with the only option but to bulldoze it and turn it into houses. Given the choice of that which will make him a profit but will give him alot of hassle and just selling the land and reinvesting it where he could probably make alot more for considerably less hassle then you would assume he is a relatively willing seller of the land. In the meantime Abdullah Lemsagam continues to do the equivalent of punching every Oldham Athletic fan and himself in the face by running Oldham Athletic into the ground causing him alot of hassle and costing him alot of money with no sign whatsoever that it is likely to turnround. He must come to some realisation at some point that the longer he is here the worse it is going to get for him so he will have to cut his losses. If it goes under then both him and Blitz will lose alot of money as Blitz has £6million of directors loans sat on the balance sheet and Abdullah probably has a figure which is catching up. At some point the reality is going to bite for both of them and they will have to compromise whether they like it or not. This won't last forever it can't do. Quote Link to post Share on other sites
Matt 1,537 Posted Tuesday at 04:23 PM Share Posted Tuesday at 04:23 PM 3 hours ago, PeteG said: I want the club to be well run and competing at a level I feel we should be which is at least in the top half of league 1. If an owner came in with decent intentions and put a decent budget together... I think I'm just really pessimistic about corporate or consortia ownership and assets being passed from one non-fan to another. Be careful what you wish for. Quote Link to post Share on other sites
League one forever 1,297 Posted Tuesday at 04:36 PM Share Posted Tuesday at 04:36 PM 48 minutes ago, nzlatic said: That's the main issue for me - acquiring it in the first place. It seems the 2 parties are massively overvaluing their respective assets. But with cash in hand and a proper plan, it might be feasible to make a sale at market values? Who knows. Got to be worth a shot anyway! Quite. If I want a tenner for something, and somebody asks would I be hypothetically willing to sell it for 7 quid, Well- maybe, but I haven’t really got a decision to make. If somebody puts a fiver under my nose, I maybe more amenable. We have rightly have a go Blitz for a lot of things, but to my knowledge no one has actually made him offer or given him something to think about. Quote Link to post Share on other sites
whittles left foot 454 Posted Tuesday at 04:43 PM Share Posted Tuesday at 04:43 PM 3 hours ago, C.O.JONES said: Any sensible business owner has to have a reasonable profit margin to succeed, or pump millions of beer tokens they can afford to lose, into a venture that they a prepared to take a gamble on. I'm not sure our current owner falls into either category, as the latter gamble needs a sensible long term plan and get out clause. Clubs these days need very wealthy owners who like to throw millions into a deep hole for their own and I am not sure how many Oldham fans or willing purchasers there are around with pockets that deep. Discuss. How very topical as Man City announce a loss of £126 million for 2019/20 season. Quote Link to post Share on other sites
underdog 1,263 Posted Tuesday at 05:10 PM Share Posted Tuesday at 05:10 PM I posted this in the pinned Trust page the other day. Might be more relevant here Today's BP alert podcast mentions Trust Director's Philippa work on a project. Trust Oldham has been given special permission to publish an insight on the project with the FSA governance and finances Cheers 1 Quote Link to post Share on other sites
nzlatic 1,311 Posted Tuesday at 05:22 PM Share Posted Tuesday at 05:22 PM 44 minutes ago, League one forever said: Quite. If I want a tenner for something, and somebody asks would I be hypothetically willing to sell it for 7 quid, Well- maybe, but I haven’t really got a decision to make. If somebody puts a fiver under my nose, I maybe more amenable. We have rightly have a go Blitz for a lot of things, but to my knowledge no one has actually made him offer or given him something to think about. Yep. I'd feel more confident putting a market value bid to Blitz for the land than I would AL for the club. Blitz, despite what we might think of him and what he's done, is a businessman with a reasonable track record and may recognise a fair deal if offered one. Don't feel the same about AL. 2 Quote Link to post Share on other sites
Dave_Og 3,760 Posted Tuesday at 06:09 PM Author Share Posted Tuesday at 06:09 PM 1 hour ago, whittles left foot said: How very topical as Man City announce a loss of £126 million for 2019/20 season. Or £3-50 in their money Quote Link to post Share on other sites
oafcmetty 1,706 Posted Tuesday at 07:05 PM Share Posted Tuesday at 07:05 PM Keep the faith lads, something will turn up. 1 Quote Link to post Share on other sites
Littlemoor Lad 73 Posted Tuesday at 07:34 PM Share Posted Tuesday at 07:34 PM 3 hours ago, GlossopLatic said: 8Even if Blitz and Abdullah had a spectacular change of heart and handed over the club the land and wrote of the directors loans to competent owners even then I don't think Oldham Athletic would be profitable. Having said their can be only so long that Blitz and Abdullah want to keep on doing this. Blitz has alot of land with a football club in the middle of it. His tenant is volatile and if he kicks him out then not only does he get alot of bad publicity. Their won't be another team who will play at Boundary Park so he will be left with the only option but to bulldoze it and turn it into houses. Given the choice of that which will make him a profit but will give him alot of hassle and just selling the land and reinvesting it where he could probably make alot more for considerably less hassle then you would assume he is a relatively willing seller of the land. In the meantime Abdullah Lemsagam continues to do the equivalent of punching every Oldham Athletic fan and himself in the face by running Oldham Athletic into the ground causing him alot of hassle and costing him alot of money with no sign whatsoever that it is likely to turnround. He must come to some realisation at some point that the longer he is here the worse it is going to get for him so he will have to cut his losses. If it goes under then both him and Blitz will lose alot of money as Blitz has £6million of directors loans sat on the balance sheet and Abdullah probably has a figure which is catching up. At some point the reality is going to bite for both of them and they will have to compromise whether they like it or not. This won't last forever it can't do. It's been the plan all along, bulldozing the club into oblivion and building on clayton playing fields, Hotel at one time wasn't it? Quote Link to post Share on other sites
GlossopLatic 2,640 Posted Tuesday at 08:27 PM Share Posted Tuesday at 08:27 PM 44 minutes ago, Littlemoor Lad said: It's been the plan all along, bulldozing the club into oblivion and building on clayton playing fields, Hotel at one time wasn't it? Well if we had gone to Failsworth then yeah but that didn't happen. TBH I think the club going under and Blitz building houses is/was highly unlikely to happen its more hassle than its worth to him. He'd be better off going buying some land in and around Manchester City centre and building on it as property has been soaring for a while now he'd make far more profit far quicker. Or in his case he could just find some property in New York or London and just rent it out. 1 Quote Link to post Share on other sites
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