Dave_Og Posted October 18, 2021 Share Posted October 18, 2021 7 minutes ago, adamoafc said: Abdallah will have received more money over the last year from Business Interuption insurance, EFL loan, EFL grant, EFL regular payments, Furlough payments and season ticket sales than he probably ever has whilst owner. Not really fair to count loans as income though Link to comment Share on other sites More sharing options...
Dave_Og Posted October 18, 2021 Share Posted October 18, 2021 15 minutes ago, deyres42 said: Not ideal but if it is a case of another club not getting their 10, 20 grand meaning our own staff get paid I'm prepared to accept it. If it is a case that they see no benefit in paying transfer fees as we can't sign anyone anyway, that would be less good. There are no positives in there at all. Link to comment Share on other sites More sharing options...
Worcester Owl Posted October 18, 2021 Share Posted October 18, 2021 39 minutes ago, deyres42 said: Money is always tight at this time of the year and will be even tighter with the number of people not attending, we can't sign anyone anyway so not worth getting knickers in a twist over. Reminiscent of Captain Smith and the Titanic. Always icebergs about at this time of the year, don't panic. Full steam ahead! Link to comment Share on other sites More sharing options...
the_mighty_bosh Posted October 18, 2021 Share Posted October 18, 2021 2 hours ago, GlossopLatic said: What about loan fees? Credit where its due I think the club had gone nearly 2 weeks without a shitstorm. If anyone tech savvy could create an "Oldham Athletic: Days without Crisis" sign on here I'd be very grateful. Although realistically you could leave it at 0 days for most of the time and you'd be up to date. Link to comment Share on other sites More sharing options...
deyres42 Posted October 18, 2021 Share Posted October 18, 2021 35 minutes ago, Dave_Og said: There are no positives in there at all. There aren't but it does raise an interesting point about whether those choosing not to attend should be complaining about bills not being paid... Link to comment Share on other sites More sharing options...
adamoafc Posted October 18, 2021 Share Posted October 18, 2021 2 minutes ago, deyres42 said: There aren't but it does raise an interesting point about whether those choosing not to attend should be complaining about bills not being paid... Bills weren’t being paid before protests Rob but don’t let that get in the way of a good post Link to comment Share on other sites More sharing options...
Dave_Og Posted October 18, 2021 Share Posted October 18, 2021 2 minutes ago, deyres42 said: There aren't but it does raise an interesting point about whether those choosing not to attend should be complaining about bills not being paid... Not really. It has been chaos since day one. If he wants people to attend so that he can pay the bills then he needs to demonstrate some ability/intention to run the club professionally. It's not a lot to ask. Link to comment Share on other sites More sharing options...
PeteG Posted October 18, 2021 Share Posted October 18, 2021 1 hour ago, adamoafc said: Abdallah will have received more money over the last year from Business Interuption insurance, EFL loan, EFL grant, EFL regular payments, Furlough payments and season ticket sales than he probably ever has whilst owner. They wouldn't have made use of the furlough scheme in the past 12 months. They have been playing football throughout that period and therefore wouldn't have been able to claim anything from the business interuption insurance. Efl regular payments are as you say regular so nothing over what will have been budgeted for. The loan is a loan that is repaid out of the solidarity payments so it's just the EFL grant which wasn't that much. No support last season, vastly reduced support this season and reduced season ticket prices means the club have very little income for a long period. Not sure where you get the club have had a lot more income recently. Link to comment Share on other sites More sharing options...
Dave_Og Posted October 18, 2021 Share Posted October 18, 2021 2 minutes ago, PeteG said: They wouldn't have made use of the furlough scheme in the past 12 months. They have been playing football throughout that period and therefore wouldn't have been able to claim anything from the business interuption insurance. Efl regular payments are as you say regular so nothing over what will have been budgeted for. The loan is a loan that is repaid out of the solidarity payments so it's just the EFL grant which wasn't that much. No support last season, vastly reduced support this season and reduced season ticket prices means the club have very little income for a long period. Not sure where you get the club have had a lot more income recently. Agreed, although they may have had BII payments as clearly business has been interrupted even if football has been played. That would require that they have identified a quality policy and paid the premiums though. Confident? Link to comment Share on other sites More sharing options...
deyres42 Posted October 18, 2021 Share Posted October 18, 2021 1 hour ago, adamoafc said: Abdallah will have received more money over the last year from Business Interuption insurance, EFL loan, EFL grant, EFL regular payments, Furlough payments and season ticket sales than he probably ever has whilst owner. Really? Link to comment Share on other sites More sharing options...
adamoafc Posted October 18, 2021 Share Posted October 18, 2021 31 minutes ago, PeteG said: They wouldn't have made use of the furlough scheme in the past 12 months. They have been playing football throughout that period and therefore wouldn't have been able to claim anything from the business interuption insurance. Efl regular payments are as you say regular so nothing over what will have been budgeted for. The loan is a loan that is repaid out of the solidarity payments so it's just the EFL grant which wasn't that much. No support last season, vastly reduced support this season and reduced season ticket prices means the club have very little income for a long period. Not sure where you get the club have had a lot more income recently. Football year Pete. Business interruption would cover it and a number of clubs have utilised this. Fans not being in the ground, money from match day hospitality, food drink etc would all be covered. Covid regulations were still in place for the friendlies this season so could have been claimed again. The point about furlough was that the club didn’t have to find the wages and still received money via season ticket sales/ sponsorships etc so haven’t lost out. EFL grant was above into 6 figures (just under £250k), the loan was mid 6 figures and still income which can be used, whether it’s paid back now or later. Add to that the George Edmundson money the club claim we received a five figure sum for this. I would suggest the club has done a lot better than you make out Pete. Link to comment Share on other sites More sharing options...
al_bro Posted October 18, 2021 Share Posted October 18, 2021 3 hours ago, LaticMark said: Under the transfer embargo because of the EFL loan, the club is not allowed to pay loan fees! That doesn't stop the club these days. Two players signed on two year contracts when not allowed comes to mind. They are not receiving the EFL solidarity payments now because these are used to repay the loan. Link to comment Share on other sites More sharing options...
PeteG Posted October 18, 2021 Share Posted October 18, 2021 18 minutes ago, adamoafc said: Football year Pete. Business interruption would cover it and a number of clubs have utilised this. Fans not being in the ground, money from match day hospitality, food drink etc would all be covered. Covid regulations were still in place for the friendlies this season so could have been claimed again. The point about furlough was that the club didn’t have to find the wages and still received money via season ticket sales/ sponsorships etc so haven’t lost out. EFL grant was above into 6 figures (just under £250k), the loan was mid 6 figures and still income which can be used, whether it’s paid back now or later. Add to that the George Edmundson money the club claim we received a five figure sum for this. I would suggest the club has done a lot better than you make out Pete. Yet you stated on the podcast that the club is insolvent and not worth any potential investors paying anything for. Which one is it? Link to comment Share on other sites More sharing options...
adamoafc Posted October 18, 2021 Share Posted October 18, 2021 5 minutes ago, PeteG said: Yet you stated on the podcast that the club is insolvent and not worth any potential investors paying anything for. Which one is it? Have you checked the clubs accounts recently? Last time I checked it was a hefty 7 figure debt Pete. That isn’t a regular income, you couldn’t get a loan off the bank on the back of it, but a one off so yes still insolvent. Link to comment Share on other sites More sharing options...
PeteG Posted October 18, 2021 Share Posted October 18, 2021 14 minutes ago, adamoafc said: Have you checked the clubs accounts recently? Last time I checked it was a hefty 7 figure debt Pete. That isn’t a regular income, you couldn’t get a loan off the bank on the back of it, but a one off so yes still insolvent. I have and it's not good, but, then it wasn't me suggesting that income was higher in the last year than it had been in any of the previous 3 was it? Link to comment Share on other sites More sharing options...
adamoafc Posted October 18, 2021 Share Posted October 18, 2021 2 minutes ago, PeteG said: I have and it's not good, but, then it wasn't me suggesting that income was higher in the last year than it had been in any of the previous 3 was it? Never said we had made a profit though did I? Link to comment Share on other sites More sharing options...
SweeperKeeper Posted October 18, 2021 Share Posted October 18, 2021 At a normal club, missing a payment would definitely mean the money isn't there. But with us, it could just be someone not filling in the right form at the right time. Just look at the 2 year contract cock up. It's depressing either way. Link to comment Share on other sites More sharing options...
BP1960 Posted October 18, 2021 Share Posted October 18, 2021 1 hour ago, adamoafc said: Have you checked the clubs accounts recently? Last time I checked it was a hefty 7 figure debt Pete. That isn’t a regular income, you couldn’t get a loan off the bank on the back of it, but a one off so yes still insolvent. Makes me wonder Adam if AL pumped in £5 million why didn't he put another million or 2 to make sure the club wouldn't be in this situation? Link to comment Share on other sites More sharing options...
mcfluff1985 Posted October 18, 2021 Share Posted October 18, 2021 We'll boycott the club to strangle the supply of cash then we'll moan the bills aren't paid. Good logic Link to comment Share on other sites More sharing options...
Chaddyexile84 Posted October 18, 2021 Share Posted October 18, 2021 16 minutes ago, mcfluff1985 said: We'll boycott the club to strangle the supply of cash then we'll moan the bills aren't paid. Good logic The bills haven’t been paid for years - our esteemed leader stated season ticket sales are a bonus income not budgeted for his latest statement to the BBC says he has worked hard to make the club financially stable and secure - it isn't but keep talking bollocks it at least keeps things fresh Link to comment Share on other sites More sharing options...
deyres42 Posted October 18, 2021 Share Posted October 18, 2021 19 minutes ago, Chaddyexile84 said: The bills haven’t been paid for years - our esteemed leader stated season ticket sales are a bonus income not budgeted for his latest statement to the BBC says he has worked hard to make the club financially stable and secure - it isn't but keep talking bollocks it at least keeps things fresh Most of the bills must have paid or else the club wouldn't still be in business... Link to comment Share on other sites More sharing options...
oafc 123 Posted October 18, 2021 Share Posted October 18, 2021 55 minutes ago, mcfluff1985 said: We'll boycott the club to strangle the supply of cash then we'll moan the bills aren't paid. Good logic I thought AL is paying the bills out of his own money? He doesn't even need us. Link to comment Share on other sites More sharing options...
GlossopLatic Posted October 18, 2021 Share Posted October 18, 2021 21 minutes ago, deyres42 said: Most of the bills must have paid or else the club wouldn't still be in business... Do you want to explain that £3.3million of trade creditors sat on the Balance Sheet then. Link to comment Share on other sites More sharing options...
GlossopLatic Posted October 18, 2021 Share Posted October 18, 2021 1 hour ago, mcfluff1985 said: We'll boycott the club to strangle the supply of cash then we'll moan the bills aren't paid. Good logic Or alternatively we will treat our paying customers like shit our sponsors like shit and then wonder why they walk away and we can't pay the bills. Good Logic! Link to comment Share on other sites More sharing options...
deyres42 Posted October 18, 2021 Share Posted October 18, 2021 11 minutes ago, GlossopLatic said: Do you want to explain that £3.3million of trade creditors sat on the Balance Sheet then. Have you got an itemised rundown of it for us? Link to comment Share on other sites More sharing options...
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