LightDN123 Posted December 30, 2021 Share Posted December 30, 2021 @mcfluff1985 I have been critical of the foundation and specifically the lack of update on the contingency fund figure. But if you are so passionate about it, why don’t you volunteer to look into it and get it resolved ? Quote Link to comment Share on other sites More sharing options...
BP1960 Posted December 30, 2021 Share Posted December 30, 2021 (edited) Surely the foundation has a treasurer and it takes seconds to update funds on a computer? Edited December 30, 2021 by BP1960 Quote Link to comment Share on other sites More sharing options...
Andy b Posted December 30, 2021 Share Posted December 30, 2021 9 hours ago, LightDN123 said: @mcfluff1985 I have been critical of the foundation and specifically the lack of update on the contingency fund figure. But if you are so passionate about it, why don’t you volunteer to look into it and get it resolved ? I’ve tried that. He’d rather snipe from the sidelines without offering a single bit of constructive guidance. 1 Quote Link to comment Share on other sites More sharing options...
PeteG Posted December 30, 2021 Share Posted December 30, 2021 21 hours ago, BP1960 said: Could OASF find 1,000 fans or businesses willing to each invest in one or more shares totalling £3milion ono?. I'd consider it. Nobody will be able to purchase the ground whilst there is dispute and potential legal case. Quote Link to comment Share on other sites More sharing options...
LightDN123 Posted December 30, 2021 Share Posted December 30, 2021 50 minutes ago, Andy b said: I’ve tried that. He’d rather snipe from the sidelines without offering a single bit of constructive guidance. Ignore him then. His comments are valid though. Quote Link to comment Share on other sites More sharing options...
BP1960 Posted December 30, 2021 Share Posted December 30, 2021 1 hour ago, PeteG said: Nobody will be able to purchase the ground whilst there is dispute and potential legal case. When is the court hearing? Quote Link to comment Share on other sites More sharing options...
Pidge Posted December 30, 2021 Share Posted December 30, 2021 (edited) 3 hours ago, PeteG said: Nobody will be able to purchase the ground whilst there is dispute and potential legal case. That shouldn't stop us as a fans co-op purchasing it, as long as we are prepared to take the risk. It should bring the price down as we would be taking the risk on. The council should be happy because the community would now own the new stand that they contributed to building, hence the risk goes away. Edited December 30, 2021 by Pidge Quote Link to comment Share on other sites More sharing options...
Andy b Posted December 30, 2021 Share Posted December 30, 2021 5 minutes ago, Pidge said: That shouldn't stop us as a fans co-op purchasing it, as long as we are prepared to take the risk. It should bring the price down as we would be taking the risk on. The council should be happy because the community would now own the new stand that they contributed to building, hence the risk goes away. The trust has not even begun to debate whether it should be trying to purchase the ground so don’t hold your breath. Granted we don’t know what’s going on behind the scenes with blitz etc but it baffles me that the trust has not asked fans whether it should be looking to raise funds to buy the ground, club or both (in part or full). Quote Link to comment Share on other sites More sharing options...
Pidge Posted December 30, 2021 Share Posted December 30, 2021 5 minutes ago, Andy b said: The trust has not even begun to debate whether it should be trying to purchase the ground so don’t hold your breath. Granted we don’t know what’s going on behind the scenes with blitz etc but it baffles me that the trust has not asked fans whether it should be looking to raise funds to buy the ground, club or both (in part or full). Agreed. It all baffles me. Surely trying to buy the ground and the North stand would make the most sense as the money buys and asset rather then a badge. If the club goes bump the Phoenix club has a safe home. Quote Link to comment Share on other sites More sharing options...
Dave_Og Posted December 30, 2021 Share Posted December 30, 2021 5 hours ago, PeteG said: Nobody will be able to purchase the ground whilst there is dispute and potential legal case. Not hard to agree a contingent deal of all parties are willing. Big if. Quote Link to comment Share on other sites More sharing options...
PeteG Posted December 30, 2021 Share Posted December 30, 2021 I believe a dispute has been lodged and would block any potential sale Quote Link to comment Share on other sites More sharing options...
nzlatic Posted December 30, 2021 Share Posted December 30, 2021 Any possible bid by a oasf/fan/local business consortium for the ground being thwarted by a dubious legal case to try and give it Abdallah for free dragging on and on would be peak Barry Owen. 1 Quote Link to comment Share on other sites More sharing options...
OASF1895 Lottery Posted January 2, 2022 Author Share Posted January 2, 2022 Quote Link to comment Share on other sites More sharing options...
OASF1895 Lottery Posted January 6, 2022 Author Share Posted January 6, 2022 I'm pleased to say the totaliser has been updated. https://www.oldhamathleticsupportersfoundation.com/ 1 Quote Link to comment Share on other sites More sharing options...
latics22 Posted January 6, 2022 Share Posted January 6, 2022 At this rate we will be able to buy the club 3022. Quote Link to comment Share on other sites More sharing options...
Pidge Posted January 8, 2022 Share Posted January 8, 2022 IMO we/OASF, need to work out a system of fundraising which can work for our unique issues. Making the fund raising specifically for purchasing the ground, would allow a system to be developed where the contributor ultimately owns a small share of an asset. If we can have a system where the contributor to the fund, also has a promise of money back if no purchase ever happens, then I’m in for a 4 or possibly 5 figure sum. I am not prepared to donate that amount with the possibility that it will not be spent for its intended use. I would not want it sitting in the OASF account being frittered away on helping a new owner fund a player or some other so far not invented reason. If I am not unique and we have other fans willing to contribute even a small amount as long as they have some control and possible money back, we could quickly have a much more impressive amount to offer. It would really be nice to know what Blitz would accept from a fans buy out. Buying a badge off our present owner is something I don’t want to contribute to, unless it is 1£. 3 Quote Link to comment Share on other sites More sharing options...
Pidge Posted January 8, 2022 Share Posted January 8, 2022 Before someone come in with, “buying the ground isn’t as important getting rid of AL”, look at the problems Bury fans have had, and the excitement of buying back Gig Lane. Of course we need to get rid of AL, but that is so far not going well, is it? 1 Quote Link to comment Share on other sites More sharing options...
LightDN123 Posted January 8, 2022 Share Posted January 8, 2022 48 minutes ago, Pidge said: IMO we/OASF, need to work out a system of fundraising which can work for our unique issues. Making the fund raising specifically for purchasing the ground, would allow a system to be developed where the contributor ultimately owns a small share of an asset. If we can have a system where the contributor to the fund, also has a promise of money back if no purchase ever happens, then I’m in for a 4 or possibly 5 figure sum. I am not prepared to donate that amount with the possibility that it will not be spent for its intended use. I would not want it sitting in the OASF account being frittered away on helping a new owner fund a player or some other so far not invented reason. If I am not unique and we have other fans willing to contribute even a small amount as long as they have some control and possible money back, we could quickly have a much more impressive amount to offer. It would really be nice to know what Blitz would accept from a fans buy out. Buying a badge off our present owner is something I don’t want to contribute to, unless it is 1£. Yep couldn’t agree more. Know a few people who would consider to donate a substantial sum if something like this was introduced. Quote Link to comment Share on other sites More sharing options...
latics22 Posted January 8, 2022 Share Posted January 8, 2022 1 hour ago, Pidge said: IMO we/OASF, need to work out a system of fundraising which can work for our unique issues. Making the fund raising specifically for purchasing the ground, would allow a system to be developed where the contributor ultimately owns a small share of an asset. If we can have a system where the contributor to the fund, also has a promise of money back if no purchase ever happens, then I’m in for a 4 or possibly 5 figure sum. I am not prepared to donate that amount with the possibility that it will not be spent for its intended use. I would not want it sitting in the OASF account being frittered away on helping a new owner fund a player or some other so far not invented reason. If I am not unique and we have other fans willing to contribute even a small amount as long as they have some control and possible money back, we could quickly have a much more impressive amount to offer. It would really be nice to know what Blitz would accept from a fans buy out. Buying a badge off our present owner is something I don’t want to contribute to, unless it is 1£. That’s a good shout Quote Link to comment Share on other sites More sharing options...
Dave_Og Posted January 8, 2022 Share Posted January 8, 2022 1 hour ago, Pidge said: IMO we/OASF, need to work out a system of fundraising which can work for our unique issues. Making the fund raising specifically for purchasing the ground, would allow a system to be developed where the contributor ultimately owns a small share of an asset. If we can have a system where the contributor to the fund, also has a promise of money back if no purchase ever happens, then I’m in for a 4 or possibly 5 figure sum. I am not prepared to donate that amount with the possibility that it will not be spent for its intended use. I would not want it sitting in the OASF account being frittered away on helping a new owner fund a player or some other so far not invented reason. If I am not unique and we have other fans willing to contribute even a small amount as long as they have some control and possible money back, we could quickly have a much more impressive amount to offer. It would really be nice to know what Blitz would accept from a fans buy out. Buying a badge off our present owner is something I don’t want to contribute to, unless it is 1£. Hopefully this gets the attention and response it needs because over more than two decades, so predating both the current owners of badge and ground, the biggest enemy this club has had has been apathy. https://www.oldhamathleticsupportersfoundation.com/post/1895-fund-consultation-update Quote Link to comment Share on other sites More sharing options...
OASF1895 Lottery Posted January 9, 2022 Author Share Posted January 9, 2022 Quote Link to comment Share on other sites More sharing options...
OASF1895 Lottery Posted January 9, 2022 Author Share Posted January 9, 2022 On 1/8/2022 at 8:51 AM, Pidge said: IMO we/OASF, need to work out a system of fundraising which can work for our unique issues. Making the fund raising specifically for purchasing the ground, would allow a system to be developed where the contributor ultimately owns a small share of an asset. If we can have a system where the contributor to the fund, also has a promise of money back if no purchase ever happens, then I’m in for a 4 or possibly 5 figure sum. I am not prepared to donate that amount with the possibility that it will not be spent for its intended use. I would not want it sitting in the OASF account being frittered away on helping a new owner fund a player or some other so far not invented reason. If I am not unique and we have other fans willing to contribute even a small amount as long as they have some control and possible money back, we could quickly have a much more impressive amount to offer. It would really be nice to know what Blitz would accept from a fans buy out. Buying a badge off our present owner is something I don’t want to contribute to, unless it is 1£. I just want to reassure you that would never happen. And the current review will cement that even further. The Lottery is separated out, hence the 1895 branding and separation of banking and signing off. The FAQ's and details clearly state stadium purchase and/or majority shareholding. There may be unforseen eventualities, but it would have to go back to OASF members. Personally, I think that should be strengthened to contributors but that is not possible currently. Like I say, propping up the current owner scenario has unequivocally never been an option, and the review will reaffirm that. Here are the details: https://5d938cef-243a-4dcd-9f1f-c24ac3e98b4a.filesusr.com/ugd/f21f65_0bf443d37b434bffa8ede1b4415e5443.pdf 1 Quote Link to comment Share on other sites More sharing options...
oafcmetty Posted January 9, 2022 Share Posted January 9, 2022 2 hours ago, OASF1895 Lottery said: Second time the lucky dip winner hasn't been named? Quote Link to comment Share on other sites More sharing options...
underdog Posted January 9, 2022 Share Posted January 9, 2022 On 1/8/2022 at 8:51 AM, Pidge said: IMO we/OASF, need to work out a system of fundraising which can work for our unique issues. Making the fund raising specifically for purchasing the ground, would allow a system to be developed where the contributor ultimately owns a small share of an asset. If we can have a system where the contributor to the fund, also has a promise of money back if no purchase ever happens, then I’m in for a 4 or possibly 5 figure sum. I am not prepared to donate that amount with the possibility that it will not be spent for its intended use. I would not want it sitting in the OASF account being frittered away on helping a new owner fund a player or some other so far not invented reason. If I am not unique and we have other fans willing to contribute even a small amount as long as they have some control and possible money back, we could quickly have a much more impressive amount to offer. It would really be nice to know what Blitz would accept from a fans buy out. Buying a badge off our present owner is something I don’t want to contribute to, unless it is 1£. There is another option, something that we need to thrash out but came from Ashley Brown at his time at Pompey and their woes. Best way I can describe it is a "promisary pledge". You might not be convinced to hand over cash now and sit in OSAF account rather than your own. But a promise to give X amount if x happens?...Something we can "bank" for that day and forecast for. Would this be of interest? Another option I picked up when researching would be that we change to a Community Benefit Society and look at bonds? Again something that needs exhausting. We could do with some think tanks to thrash this kind if stuff out and what grants are available too. The asset does need valuing and comess under pre-acv trigger plan. Like a RICS survey. But they would be costly....hence the skillscan of the fanbase if we can get it cheaper. We know 2 stands will need replacing at some point too. Pre-acv trigger include having a 3 Yr business plan to run the asset. stuff that goes whoosh over my head. Hence we need help Cheers Quote Link to comment Share on other sites More sharing options...
Worcester Owl Posted January 9, 2022 Share Posted January 9, 2022 On 1/8/2022 at 9:51 AM, Pidge said: IMO we/OASF, need to work out a system of fundraising which can work for our unique issues. Making the fund raising specifically for purchasing the ground, would allow a system to be developed where the contributor ultimately owns a small share of an asset. If we can have a system where the contributor to the fund, also has a promise of money back if no purchase ever happens, then I’m in for a 4 or possibly 5 figure sum. I am not prepared to donate that amount with the possibility that it will not be spent for its intended use. I would not want it sitting in the OASF account being frittered away on helping a new owner fund a player or some other so far not invented reason. If I am not unique and we have other fans willing to contribute even a small amount as long as they have some control and possible money back, we could quickly have a much more impressive amount to offer. It would really be nice to know what Blitz would accept from a fans buy out. Buying a badge off our present owner is something I don’t want to contribute to, unless it is 1£. Really good post. I’d also suggest that, if your idea ever gets off the ground and succeeds, “founder” fundraisers like you should be rewarded with season tickets for life, or at the very least hugely discounted tickets. 1 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.