Boundary Park buy out

[Theoutsider]

21 minutes ago, mcfluff1985 said:

So the FLG don't actually want everything under one owner in one breath

 

"The short term plan for the group is to secure ownership of the stand and stadium, before allowing fans the chance to purchase shares. Mr Lemsagam (the club’s owner) will also be able to buy shares should he wish. It was stressed that no one person or group, including current members of the FLG, will be allowed to hold a majority of the shares."

 

 

But then in the next breath...

 

"Mr Whitehead said he would be willing to sell to Lemsagam if he offered £7 million upfront (i.e. without the use of loans) and could show a business model that would show the group he’d be able to generate the same level of revenue – an estimated £500,000."

 

 

 

As far as I recall, he didn’t say HE would sell. 

 

He said the same deal would be available to AL from the current owners. 

[singe]

23 minutes ago, mcfluff1985 said:

So the FLG don't actually want everything under one owner in one breath

 

"The short term plan for the group is to secure ownership of the stand and stadium, before allowing fans the chance to purchase shares. Mr Lemsagam (the club’s owner) will also be able to buy shares should he wish. It was stressed that no one person or group, including current members of the FLG, will be allowed to hold a majority of the shares."

 

 

But then in the next breath...

 

"Mr Whitehead said he would be willing to sell to Lemsagam if he offered £7 million upfront (i.e. without the use of loans) and could show a business model that would show the group he’d be able to generate the same level of revenue – an estimated £500,000."

 

 

Surely the second option says exactly that he would enable one owner. 

 

Clearly for the immediate future he is not able to ensure one owner, but not is he saying that is a must but an ideal scenario. Not at any cost is I think an acceptable caveat. 

Focus on the FLG if you must, but the current owner turned down these terms. The question is why. 

 

But better interested, passionate, local owners than an absentee one. 

[singe]

A reminder I think worth highlighting. 

Paul W worked in the ticket office as a volunteer for a number of years prior to the stand being built. 

[wiseowl]

1 hour ago, Theoutsider said:

They are not borrowing the money. 

 

Amounts not specified, but will be funded partly by sale of a piece of land which completes at same time as the purchase (so they don’t need the cash).

 

There is a site plan on here which might help; http://d3d4football.com/fan-led-group-unveil-their-plans-for-oldham-athletic/) 

 

The balance is from fans buying shares, but they seemed pretty relaxed about amounts, so presumably majority of the funding is sorted. Paul talked about fist pumping coming out of a meet with Blitz before the Fulham game, happy he’d agreed a deal which would work. 

Thank you - really terrific news!

 

An excellent write-up on the link too. At last, something to be positive about and should get everyone's unequivocal support.

[LaticsLegend]

Hang on, are we meant to believe the property developer won't be making anything on the side from Blitz and Gazal's houses on little Wembley?

[lookersstandandy]

7 hours ago, boundaryblue80 said:

....Promotion in 2yrs he said right? Let’s see it then. 

 

....humour me, if he took us down this year, would you still be for giving him more time?

[lookersstandandy]

4 hours ago, Dave_Og said:

I'm amazed to be honest Ross that you are giving him the benefit of any doubt. He has got almost nothing right and the vast majority of things disastrously wrong. 

 

I’m still waiting for an answer to this... but he’s swerved it.

 

 

[tGWB]

1 hour ago, Theoutsider said:

They are not borrowing the money. 

 

Amounts not specified, but will be funded partly by sale of a piece of land which completes at same time as the purchase (so they don’t need the cash).

 

There is a site plan on here which might help; http://d3d4football.com/fan-led-group-unveil-their-plans-for-oldham-athletic/) 

 

The balance is from fans buying shares, but they seemed pretty relaxed about amounts, so presumably majority of the funding is sorted. Paul talked about fist pumping coming out of a meet with Blitz before the Fulham game, happy he’d agreed a deal which would work. 

 

I dont think your comment is correct.

My understanding is that Brassbank are selling land to develop housing that allows them to reduce the price to the FLG to £7m to buy the North Stand, the land which is the footprint of the stadium and car park

Edited July 28, 2019 by tGWB

[jsslatic]

3 hours ago, Theoutsider said:

They are not borrowing the money. 

 

Amounts not specified, but will be funded partly by sale of a piece of land which completes at same time as the purchase (so they don’t need the cash).

 

There is a site plan on here which might help; http://d3d4football.com/fan-led-group-unveil-their-plans-for-oldham-athletic/) 

 

The balance is from fans buying shares, but they seemed pretty relaxed about amounts, so presumably majority of the funding is sorted. Paul talked about fist pumping coming out of a meet with Blitz before the Fulham game, happy he’d agreed a deal which would work. 

 

I may be being daft but I see nothing in that report that says the purchase is being financed by the sale of land already owned by the FLG/any given benefactor.

[underdog]

2 hours ago, singe said:

A reminder I think worth highlighting. 

Paul W worked in the ticket office as a volunteer for a number of years prior to the stand being built. 

I believe his Dad worked at the club and he has worked there himself on and off since being a teenager, met his wife Chris at the club when she worked there.

 

 

[unsworth blue]

3 minutes ago, underdog said:

I believe his Dad worked at the club and he has worked there himself on and off since being a teenager, met his wife Chris at the club when she worked there.

 

 

Paul's dad was a Director of OAFC in the late 1970s, Paul definitely worked as a volunteer at the club for many a year - not sure if he met his future wife there

[singe]

3 hours ago, LaticsLegend said:

Hang on, are we meant to believe the property developer won't be making anything on the side from Blitz and Gazal's houses on little Wembley?

He said not.

He gave assurances not. He said he is 5 years from retirement. He specialises in smaller 5-10 lots of houses at a time.

So far more transparent in one day than the owner in 2 years.

We can track the finances.

 

I'm prepared to believe him, but ask him yourself.

Happy we keep an eye on it.

 

Don't think there is much need for the snidey insinuation.

[boundaryblue80]

5 hours ago, League one forever said:

It’s a fair point, and abundantly clear they can’t work together. Which ultimately leads to the million dollar question. 

 

Which future do you back? 

 

AL or FLG? 

 

 

The one paying the players wages and currently keeping the club afloat. Not the one that’s already said they would have trouble keeping a club afloat.

[Senor_Coconut]

I think following Oldham has finally broken you BB80, the old you would never be supporting 

Edited July 28, 2019 by Senor_Coconut

[boundaryblue80]

3 hours ago, lookersstandandy said:

 

....humour me, if he took us down this year, would you still be for giving him more time?

 

Most likely not. It would be a huge failure if he did. Now to humour you further, if he went out and secured the likes of Wheater, Doyle and maybe a few others over the next few weeks and we went down then that would fall on Banide rather than AL. It’s shades of grey. Always is. Just some only see black and white. Or black and black. 

[boundaryblue80]

4 minutes ago, Senor_Coconut said:

I think following Oldham has finally broken you BB80, the old you would never be supporting 

 

Hardly. I supported the 3 asset strippers for their first 5 years. I don’t listen to the likes of Gerrard, Davies and co spouting sour grapes. There’s a few things (already aired) that he’s done that’s bang out of order. But the club needed a clean sweep. And rebuild. 18mths ain’t enough time to right Corneys cancer set in. Let’s see what the next 12mths brings eh. Might be failure but hopefully not 

Edited July 28, 2019 by boundaryblue80

[League one forever]

1 minute ago, boundaryblue80 said:

 

Hardly. I supported the 3 asset strippers for their first 5 years. I don’t listen to the likes of Gerrard, Davies and co spouting sour grapes. There’s a few things (already aired) that he’s done that’s bang out of order. But the club needed a clean sweep. And rebuild. 18mths ain’t enough time to right Corneys cancer set in. Let’s see what the next 12mths brings eh

Nah. 

 

I’ve seen enough thanks. 

[boundaryblue80]

3 hours ago, lookersstandandy said:

 

I’m still waiting for an answer to this... but he’s swerved it.

 

 

 

Come on Andy...you’re all over twitter, you’ve seen what I’ve wrote many a time. I’m sure I’ve wrtiten similar on here elsewhere. Anyway, to copy one of my tweets the other day, some of the things:

 

Rid the club of Corney puppets (Fat Bazza aside, sadly), removed debts of Corneys like monies owed to perimeter board company, Necarcu loans etc. Ended regular winding up orders (or paid them when they occur), paying players properly now, unfrozen bank accounts, got a fee for Holloway and proper £ for Edmundson, etc

 

Theres other things like paying for players when Corney was potless & bank account frozen when he never even owned the club. It’s not all been bad. He’s done shit things but upsetting entitled ex-players & Scholes hold no weight with me. But a hell of a lot with others. And he even stopped interfering in team affairs after Scholes left (words of Pete Wild.) Sign of someone who can correct his ways. Now he needs to sort the pensions and add to the squad 

Edited July 28, 2019 by boundaryblue80

[boundaryblue80]

1 hour ago, singe said:

 

So far more transparent in one day than the owner in 2 years.

We can track the finances.

 

Wonder how much Holroy was in debt for when it was sold to Corney and then bumped leaving creditors out of pocket. Track records, transparency and all that  

Edited July 28, 2019 by boundaryblue80

[sjk2008]

Anyone opting to hold trust in someone who believes offering Jonathan Benteke a new contract should be higher up the priority list than paying staff contributions needs to have a hard, long look at themselves.

[lookersstandandy]

9 hours ago, boundaryblue80 said:

 

Come on Andy...you’re all over twitter, you’ve seen what I’ve wrote many a time. I’m sure I’ve wrtiten similar on here elsewhere. Anyway, to copy one of my tweets the other day, some of the things:

 

Rid the club of Corney puppets (Fat Bazza aside, sadly), removed debts of Corneys like monies owed to perimeter board company, Necarcu loans etc. Ended regular winding up orders (or paid them when they occur), paying players properly now, unfrozen bank accounts, got a fee for Holloway and proper £ for Edmundson, etc

 

Theres other things like paying for players when Corney was potless & bank account frozen when he never even owned the club. It’s not all been bad. He’s done shit things but upsetting entitled ex-players & Scholes hold no weight with me. But a hell of a lot with others. And he even stopped interfering in team affairs after Scholes left (words of Pete Wild.) Sign of someone who can correct his ways. Now he needs to sort the pensions and add to the squad 

 

Thanks (sincerely) for replying....

 

....without using the word ‘BUT’....

 

....you don’t believe Scholes, Gerrard, Davies et al.... yet take Pete Wild’s radio interview literally - because it helps your narrative - and then disregard Pete Wild’s words of Saturday / all the other personally sighted 1to1 conversations folk have reportedly had with him? Seriously, you’re a bright lad, does this not make you a hypocrite?

 

He (AL) was paying HIS players when Corney was potless. Y’know £11k a week for Queensy. Dodgy as fk.

 

Who were Corney’s puppets? The key people employed by the club who placed Corney’s best interests over the club? Surely not every member of staff that has left - eg the Photographer, Kit man, Philliskirk, media fella that went to Derby, all of whom have called him (AL) - fit this category? When I’ve joined new a new company myself, it wouldn’t have been wise to fire everyone.

 

We don’t know what debts he has / hasn’t removed. Nobody does - even the Trust who hold 3% share in the company and have an entitlement to see full accounts, that they still haven’t seen. The Necarcu debt is still outstanding at companies house. See for yourself: https://beta.companieshouse.gov.uk/company/04989487/charges/tDLS0SlExeoVciOWrfPtG88-EOs

 

There have been less reports of winding up petitions and players paid late..... which have been replaced with coach companies, gas and lecky being turned off and coffee machines being repossessed. What he giveths he taketh away.

 

Holloway & Duffus, I’ll give you..... I’ve heard different reports on the relative success of the Edmundson deal. 

Edited July 29, 2019 by lookersstandandy

[boundaryblue80]

14 minutes ago, lookersstandandy said:

 

Thanks (sincerely) for replying....

 

....without using the word ‘BUT’....

 

....you don’t believe Scholes, Gerrard, Davies et al.... yet take Pete Wild’s radio interview literally - because it helps your narrative - and then disregard Pete Wild’s words of Saturday / all the other personally sighted 1to1 conversations folk have reportedly had with him? Seriously, you’re a bright lad, does this not make you a hypocrite?

 

He was paying HIS players when Corney was potless. Y’know £11k a week for Queensy. Dodgy as fk.

 

Who were Corney’s puppets? The key people who employed by the club who placed Corney’s best interests over the club? Surely not every member of staff that has left - eg the Photographer, Kit man, Philliskirk, media fella that went to Derby, all of whom have called him (AL) - fit this category. When I’ve joined new a new company myself, it wouldn’t have been wise to fire everyone.

 

We don’t know what debts he has / hasn’t removed. Nobody does - even the Trust who hold 3% share in the company and have an entitlement to see full accounts, that they still haven’t seen. The Necarcu debt is still outstanding at companies house. See for yourself: https://beta.companieshouse.gov.uk/company/04989487/charges/tDLS0SlExeoVciOWrfPtG88-EOs

 

There have been less reports of winding up petitions and players paid late..... which have been replaced with coach companies, gas and lecky being turned off and coffee machines being repossessed. What he giveths he taketh away.

 

Holloway & Duffus, I’ll give you..... I’ve heard different reports on the relative success of the Edmundson deal. 

 

The Necarcu debt is Corneys liability which AL has stated he is suing him for not undertaking his obligations. 

 

You asked for what he’s done. You’ve poured you negativity all over it. Well done. I dont agree with almost all of your “narrative” above but that isn’t news and I’m not interested in keep churning it over 

[singe]

18 minutes ago, boundaryblue80 said:

 

The Necarcu debt is Corneys liability which AL has stated he is suing him for not undertaking his obligations. 

 

You asked for what he’s done. You’ve poured you negativity all over it. Well done. I dont agree with almost all of your “narrative” above but that isn’t news and I’m not interested in keep churning it over 

But happy enough to churn out the Corney stuff over and over despite him being irrelevant for 2 years. 

Do you really believe he is suing Corney for Nercarcu, or anything? 

[boundaryblue80]

1 minute ago, singe said:

But happy enough to churn out the Corney stuff over and over despite him being irrelevant for 2 years. 

Do you really believe he is suing Corney for Nercarcu, or anything? 

 

Only a fool would think the state this club was left in is irrelevant 

 

 

[singe]

5 minutes ago, boundaryblue80 said:

 

Only a fool would think the state this club was left in is irrelevant 

 

 

Only a fool would believe what the owner and his brother say unconditionally.