Gary1906 Posted February 28, 2020 Share Posted February 28, 2020 19 minutes ago, oafcmetty said: The point is that there's little value to Blitz in letting the club fold if he can't do anything with the land. May as well have someone there paying him rent (ahem). Won’t he just build houses on it? That’s what’s already planned for Little Wembley. Link to comment Share on other sites More sharing options...
kowenicki Posted February 28, 2020 Share Posted February 28, 2020 1 minute ago, GlossopLatic said: I do it find it strange that people think an individual who must be worth atleast 8 figures and spends his time in New York and London 2 of the most expensive places to live in the world, would be remotely interested in land in the one of the poorest parts of the country which has a football club in the middle of it. He is. He’s said so. Link to comment Share on other sites More sharing options...
deyres42 Posted February 28, 2020 Share Posted February 28, 2020 Just now, BJBlue said: Any business that thinks there's profit in it. It's not going to happen and I don't believe it is something Blitz would want to happen. Link to comment Share on other sites More sharing options...
Theoutsider Posted February 28, 2020 Share Posted February 28, 2020 27 minutes ago, mick26 said: Doesn't the cost of the build come into it? About £6M? As Kowenicki said, no. There is spend required to get everything finished, but if it was and fully tenanted / used to it’s full potential the whole lot is worth significantly more than £6-million. Blitz is not stupid, why would he spend £6-million? Equally, I don’t think the FLG are stupid. I’ll get jumped on no doubt to say Paul Whiteheads company went into liquidation owing millions blah blah blah, that whilst true, doesn’t take away from the fact he’s also a very experienced property developer. Why is he as part of the FLG going to vastly overpay? What’s in it for him? Link to comment Share on other sites More sharing options...
laticsmarra Posted February 28, 2020 Share Posted February 28, 2020 No. Just facts as you always like to rely on Link to comment Share on other sites More sharing options...
Theoutsider Posted February 28, 2020 Share Posted February 28, 2020 3 minutes ago, Gary1906 said: Won’t he just build houses on it? That’s what’s already planned for Little Wembley. If he was going to do that, he would’ve done it a long time ago Link to comment Share on other sites More sharing options...
GlossopLatic Posted February 28, 2020 Share Posted February 28, 2020 1 minute ago, kowenicki said: He is. He’s said so. No he isn't and no he hasnt. Hes built on abit of car park and on where an old pub was and where a potentially an old practice pitch is. Actually bulldozing boundary park to put houses on is a different kettle of fish altogether Link to comment Share on other sites More sharing options...
Steve_R Posted February 28, 2020 Share Posted February 28, 2020 when the trust wanted to put the supporters bar in there for matchdays weren't they quoted £75k per year rent? Everyone said Blitz was a twat then, yet now some see him as our saviour Link to comment Share on other sites More sharing options...
laticsmarra Posted February 28, 2020 Share Posted February 28, 2020 6 minutes ago, kowenicki said: Is he a hero again now? No. Just facts as you always like to rely on. Link to comment Share on other sites More sharing options...
mcfluff1985 Posted February 28, 2020 Share Posted February 28, 2020 7 minutes ago, GlossopLatic said: I do it find it strange that people think an individual who must be worth atleast 8 figures and spends his time in New York and London 2 of the most expensive places to live in the world, would be remotely interested in land in the one of the poorest parts of the country which has a football club in the middle of it. I'd find it more strange that a business man who has spent his life making money would turn down the opportunity to earn more very easily 1 minute ago, GlossopLatic said: No he isn't and no he hasnt. Hes built on abit of car park and on where an old pub was and where a potentially an old practice pitch is. Actually bulldozing boundary park to put houses on is a different kettle of fish altogether Who would care if there was no club and he bulldozed the 3 shit stands? Link to comment Share on other sites More sharing options...
GlossopLatic Posted February 28, 2020 Share Posted February 28, 2020 1 minute ago, Steve_R said: when the trust wanted to put the supporters bar in there for matchdays weren't they quoted £75k per year rent? Everyone said Blitz was a twat then, yet now some see him as our saviour Who said hes a saviour? use the quote function to find them. Link to comment Share on other sites More sharing options...
oafc1955 Posted February 28, 2020 Author Share Posted February 28, 2020 34 minutes ago, Gary1906 said: Abdallah isn’t my boy. I’m just a Latics fan. We will just have to see how it pans out. It’s hard to be optimistic though and I don’t think your boy Blitz comes out of this with too much credit either. What did you expect him to do, Abdallah has been taking the piss. Blitz was open to talks but AL was having none of it. How can can you hope to come to an amicable conclusion if you refuse to hold talks? You or I would probably have done exactly the same under similar circumstances! Blitz was as open as he could have been at the Q and A session and dodged nothing. He has been a lot more open than AL who has just talked a load of shite from day one. Link to comment Share on other sites More sharing options...
laticsrblue Posted February 28, 2020 Share Posted February 28, 2020 If Blitz is just after the unpaid rent which, ATM is disputed by AL, then the legal wrangling over whether rent is owed or not has to have been sorted out before Blitz could serve an admin order. Has there been any news on the rent? Or is Blitz going for the £Ms of debt previously deferred till our 2nd coming in the prem. Link to comment Share on other sites More sharing options...
kowenicki Posted February 28, 2020 Share Posted February 28, 2020 4 minutes ago, GlossopLatic said: No he isn't and no he hasnt. Hes built on abit of car park and on where an old pub was and where a potentially an old practice pitch is. Actually bulldozing boundary park to put houses on is a different kettle of fish altogether First you said he isn’t interested in a bit of land and now you tell me he’s built houses on some of it. He has stated recently in his interview on podcast that he wants to keep some of the land. That’s a fact. So he clearly is interested “in a bit of land in one of the poorest parts of the country” Link to comment Share on other sites More sharing options...
mick26 Posted February 28, 2020 Share Posted February 28, 2020 7 minutes ago, Theoutsider said: Blitz is not stupid, why would he spend £6-million? Equally he wouldn't sell for Kow's valuation. Link to comment Share on other sites More sharing options...
mick26 Posted February 28, 2020 Share Posted February 28, 2020 2 minutes ago, laticsrblue said: If Blitz is just after the unpaid rent which, ATM is disputed by AL, then the legal wrangling over whether rent is owed or not has to have been sorted out before Blitz could serve an admin order. Has there been any news on the rent? Or is Blitz going for the £Ms of debt previously deferred till our 2nd coming in the prem. There's also the outstanding debenture which I wouldn't expect AL can dispute. Link to comment Share on other sites More sharing options...
kowenicki Posted February 28, 2020 Share Posted February 28, 2020 10 minutes ago, Theoutsider said: As Kowenicki said, no. There is spend required to get everything finished, but if it was and fully tenanted / used to it’s full potential the whole lot is worth significantly more than £6-million. Blitz is not stupid, why would he spend £6-million? Equally, I don’t think the FLG are stupid. I’ll get jumped on no doubt to say Paul Whiteheads company went into liquidation owing millions blah blah blah, that whilst true, doesn’t take away from the fact he’s also a very experienced property developer. Why is he as part of the FLG going to vastly overpay? What’s in it for him? They aren’t going to overpay. They want the fans to buy it for 4m as part of a share scheme. Link to comment Share on other sites More sharing options...
kowenicki Posted February 28, 2020 Share Posted February 28, 2020 2 minutes ago, mick26 said: Equally he wouldn't sell for Kow's valuation. He’ll sell the ground for £4m, but will retain some land. He said so. Link to comment Share on other sites More sharing options...
mick26 Posted February 28, 2020 Share Posted February 28, 2020 Just now, kowenicki said: He’ll sell the ground for £4m, but will retain some land. He said so. But you said £2M like Swindon! He said he wanted the £3.8M put in to "finish" the stand plus a bit extra. If the club ends up owning the ground and fully utilises the JR stand then we might see an upturn in our league standing . Link to comment Share on other sites More sharing options...
JohnG123 Posted February 28, 2020 Share Posted February 28, 2020 When are the Mystery money men being revealed who are backing, The saviour Paul Whitehead then ??? Link to comment Share on other sites More sharing options...
kowenicki Posted February 28, 2020 Share Posted February 28, 2020 Just now, mick26 said: But you said £2M like Swindon! He said he wanted the £3.8M put in to "finish" the stand plus a bit extra. If the club ends up owning the ground and fully utilises the JR stand then we might see an upturn in our league standing . I said that’s an indication of its worth. He wouldn’t accept less than the (approx) £4m. He’ll still own 10% as he will def be one of the majority subscribers. He’ll probably get that for free by waiving something. He’s no mug. Link to comment Share on other sites More sharing options...
Theoutsider Posted February 28, 2020 Share Posted February 28, 2020 14 minutes ago, kowenicki said: They aren’t going to overpay. They want the fans to buy it for 4m as part of a share scheme. Ok. So why would he want/encourage the fans to overpay? Also, it isn’t being sold/bought for £4-million, is it? Link to comment Share on other sites More sharing options...
Gary1906 Posted February 28, 2020 Share Posted February 28, 2020 19 minutes ago, oafc1955 said: What did you expect him to do, Abdallah has been taking the piss. Blitz was open to talks but AL was having none of it. How can can you hope to come to an amicable conclusion if you refuse to hold talks? You or I would probably have done exactly the same under similar circumstances! Blitz was as open as he could have been at the Q and A session and dodged nothing. He has been a lot more open than AL who has just talked a load of shite from day one. I doubt that it’s been quite as straightforward as you say. Link to comment Share on other sites More sharing options...
Gary1906 Posted February 28, 2020 Share Posted February 28, 2020 32 minutes ago, Theoutsider said: If he was going to do that, he would’ve done it a long time ago He’s also said that he still wants to build a hotel on the site remember? Link to comment Share on other sites More sharing options...
oafc1955 Posted February 28, 2020 Author Share Posted February 28, 2020 Who said it was straightforward....that’s why they needed to talk!! Link to comment Share on other sites More sharing options...
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