C.O.JONES Posted January 10, 2022 Share Posted January 10, 2022 Does Blitz still own the stand? Link to comment Share on other sites More sharing options...
adamoafc Posted January 10, 2022 Share Posted January 10, 2022 Just now, C.O.JONES said: Does Blitz still own the stand? Blitz owns all four stands and the surrounding land. Link to comment Share on other sites More sharing options...
Chaddyexile84 Posted January 10, 2022 Share Posted January 10, 2022 10 minutes ago, C.O.JONES said: Does Blitz still own the stand? Yes and the other 3 and more so still has us by the pubes Brooke owns his restaurant nothing more Link to comment Share on other sites More sharing options...
Chaddyexile84 Posted January 10, 2022 Share Posted January 10, 2022 On 1/6/2022 at 5:30 PM, Dave_Og said: Being directors doesn't mean they own it Link to comment Share on other sites More sharing options...
Chris15Arm Posted January 10, 2022 Share Posted January 10, 2022 Might be a small step forward. But I'm guessing it will end up back firing. On one hand we now have another separate party at the matchday table. One owns the club, one owns the ground, one owns the oec. There is going to be even more arguing, pettiness and kick offs than there were before. Should have saved the money and kept saving, sourcing, collecting etc until something could be done about the stadium not jus the beer and tables in 1 stand Link to comment Share on other sites More sharing options...
League one forever Posted January 10, 2022 Share Posted January 10, 2022 8 minutes ago, Chaddyexile84 said: So back to my earlier statement Blitz owns the land FLG own the OEC AL owns a badge and some shit players WHAT A FUCKING MESS Mixed feelings. As it stands- if you use the north stand your helping to pay for an individual/s private venture. Nothing goes to the club. The only caveat to that- would be if the profits are going towards buying the rest of the ground off blitz. If so, then happy days. It’s vital they clarify that!! Any new owner now has to deal with 3 parties with a vested interest- possibly two if we go into admin. Making the likelihood of a single owner of all assets more remote. I maybe wrong here, but in the long term this is only points to fan ownership- with FLG purchasing the rest of the stadium. That’s fine to extent, because it’s safeguards the club. But will mean years in Non league as I don’t think we’ll generate enough self sufficiently to compete at the top of the national league. Link to comment Share on other sites More sharing options...
maximus1267 Posted January 10, 2022 Share Posted January 10, 2022 In my basic understanding of this. Will the OEC now be utilised to some form of potential ? Is the plan behind this to use the money earnt from the OEC to help fund further purchases ? Will this make it even harder for AL and push him to sell ? Why is everything so fecking hard for us everyday, run of the mill fans to understand ? Link to comment Share on other sites More sharing options...
League one forever Posted January 10, 2022 Share Posted January 10, 2022 14 minutes ago, adamoafc said: Blitz owns all four stands and the surrounding land. Eh? I thought the OEC was the stand? How can you buy a section of a property? Link to comment Share on other sites More sharing options...
Chaddyexile84 Posted January 10, 2022 Share Posted January 10, 2022 1 minute ago, League one forever said: Mixed feelings. As it stands- if you use the north stand your helping to pay for an individual/s private venture. Nothing goes to the club. The only caveat to that- would be if the profits are going towards buying the rest of the ground off blitz. If so, then happy days. It’s vital they clarify that!! Any new owner now has to deal with 3 parties with a vested interest- possibly two if we go into admin. Making the likelihood of a single owner of all assets more remote. I maybe wrong here, but in the long term this is only points to fan ownership- with FLG purchasing the rest of the stadium. That’s fine to extent, because it’s safeguards the club. But will mean years in Non league as I don’t think we’ll generate enough self sufficiently to compete at the top of the national league. The OEC are still tenants as it stands and presumably paying rent to fat cat blitz - if they aren’t then that’s even more dodgy It’s just an horrible murky mess Link to comment Share on other sites More sharing options...
Chaddyexile84 Posted January 10, 2022 Share Posted January 10, 2022 Just now, League one forever said: Eh? I thought the OEC was the stand? How can you buy a section of a property? The OEC is a business based in the stand Link to comment Share on other sites More sharing options...
nzlatic Posted January 10, 2022 Share Posted January 10, 2022 Fans owning something is a start! If they've made an events business profitable during covid then that's a positive. Still a long way to go but it feels like a small step in the right direction. Link to comment Share on other sites More sharing options...
League one forever Posted January 10, 2022 Share Posted January 10, 2022 1 minute ago, Chaddyexile84 said: The OEC is a business based in the stand Oh ffs. Right, I’m with you. So instead of any profits going to directly Blitz - it goes to Brooke - who then pays rent to blitz. Terrific. Link to comment Share on other sites More sharing options...
Chaddyexile84 Posted January 10, 2022 Share Posted January 10, 2022 2 minutes ago, League one forever said: Oh ffs. Right, I’m with you. So instead of any profits going to directly Blitz - it goes to Brooke - who then pays rent to blitz. Terrific. the fat bastard has absolutely ripped us a new one - he’s a cunt of the worst kind and hidden away since 2009 Link to comment Share on other sites More sharing options...
League one forever Posted January 10, 2022 Share Posted January 10, 2022 8 minutes ago, nzlatic said: Fans owning something is a start! If they've made an events business profitable during covid then that's a positive. Still a long way to go but it feels like a small step in the right direction. Mmm- While Blitz gets double bubble. You have the OEC and pay me rent, and with the profits you make after rent you can buy the ground off me. Can’t see how else it can be. Link to comment Share on other sites More sharing options...
tGWB Posted January 10, 2022 Share Posted January 10, 2022 5 minutes ago, League one forever said: Oh ffs. Right, I’m with you. So instead of any profits going to directly Blitz - it goes to Brooke - who then pays rent to blitz. Terrific. Thats about it Link to comment Share on other sites More sharing options...
tGWB Posted January 10, 2022 Share Posted January 10, 2022 1 minute ago, League one forever said: Mmm- While Blitz gets double bubble. You have the OEC and pay me rent, and with the profits you make after rent you can buy the ground off me. Can’t see how else it can be. 16 minutes ago, maximus1267 said: In my basic understanding of this. Will the OEC now be utilised to some form of potential ? Is the plan behind this to use the money earnt from the OEC to help fund further purchases ? Will this make it even harder for AL and push him to sell ? Why is everything so fecking hard for us everyday, run of the mill fans to understand ? What makes you think a Catering / Event business will ever be able to tuck away enough money to buy a football stadium OEC Ltd was likely running at a loss and understandably because of the Covid restrictions but for me, even without Covid restrictions its a business that will do well to just wash its face financially Link to comment Share on other sites More sharing options...
League one forever Posted January 10, 2022 Share Posted January 10, 2022 3 minutes ago, tGWB said: What makes you think a Catering / Event business will ever be able to tuck away enough money to buy a football stadium OEC Ltd was likely running at a loss and understandably because of the Covid restrictions but for me, even without Covid restrictions its a business that will do well to just wash its face financially Nothing, as I said earlier in the thread. Or at the very least it will take many many years after rent to blitz and overheads. Oh, and then we get the pleasure of paying blitz again. Link to comment Share on other sites More sharing options...
nzlatic Posted January 10, 2022 Share Posted January 10, 2022 12 minutes ago, League one forever said: Mmm- While Blitz gets double bubble. You have the OEC and pay me rent, and with the profits you make after rent you can buy the ground off me. Can’t see how else it can be. So are you saying that things are worse now after this news, or the same? Because for me, having fans of the club own something (however small it might be) is slightly better than having absolutely everything owned by overseas mercenaries. Link to comment Share on other sites More sharing options...
Handsy Posted January 10, 2022 Share Posted January 10, 2022 Excuse me if I’m being a bit thick but what is the oec is it the fans bar Or are there other bits to it ? . If I won the euro millions and I wanted to buy the lot do I now have to negotiate with 3 party’s instead of 2 and what benefit does the club get due to the change in ownership Link to comment Share on other sites More sharing options...
UsedtobeWozzer Posted January 10, 2022 Share Posted January 10, 2022 I would think one benefit is that Lemsagam will now never get his hands on it so may be more inclined to get shut of what he’s got. Link to comment Share on other sites More sharing options...
maximus1267 Posted January 10, 2022 Share Posted January 10, 2022 38 minutes ago, tGWB said: What makes you think a Catering / Event business will ever be able to tuck away enough money to buy a football stadium OEC Ltd was likely running at a loss and understandably because of the Covid restrictions but for me, even without Covid restrictions its a business that will do well to just wash its face financially Well if you read my post again, I dont think anything, I am asking questions as I dont understand if this is good, bad or just meh Link to comment Share on other sites More sharing options...
tGWB Posted January 10, 2022 Share Posted January 10, 2022 5 minutes ago, maximus1267 said: Well if you read my post again, I dont think anything, I am asking questions as I dont understand if this is good, bad or just meh I would suggest we will see very little difference unless they can negoiate an agreement with AL regarding providing a service to the executive boxes Certainly nothing on a change of ownership of the Club, the land or stadium Link to comment Share on other sites More sharing options...
League one forever Posted January 10, 2022 Share Posted January 10, 2022 23 minutes ago, nzlatic said: So are you saying that things are worse now after this news, or the same? Because for me, having fans of the club own something (however small it might be) is slightly better than having absolutely everything owned by overseas mercenaries. It depends what the end goal is doesn’t it? I presume they think it’s one small step to safeguarding our future? If so, it won’t make any or much material difference. How long will take it generate the millions Blitz wants for stadium after he takes his rent and they pay overheads?? Answer- many years. Who knows what state we’ll be in by then, or dare I say if we’ll even be here. The only caveat I would say, is if Blitz has said ‘forget the rent and just have the OEC to generate my sale price’. But even then- A, given his track record I find that hard to believe. And B, even with no rent I still think it’s fanciful a hospitality venture will be enough- despite best efforts. Link to comment Share on other sites More sharing options...
OASF1895 Lottery Posted January 10, 2022 Share Posted January 10, 2022 The key is the control. Blitz and Gazal still currently own between 25-50% each. Link to comment Share on other sites More sharing options...
mick26 Posted January 10, 2022 Share Posted January 10, 2022 8 minutes ago, OASF1895 Lottery said: The key is the control. Blitz and Gazal still currently own between 25-50% each. That's true of Brassbank but as per FLG statement: The Directors details at Companies House has been updated to reflect this, while the transfer of shares will be confirmed when the next confirmation statement is filed in March. (I think!!!) Link to comment Share on other sites More sharing options...
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