An extract from David Conn's article which was published in The Independent, March 2004:-
Simon Blitz and Danny Gazal "funded the club for three months in administration, which cost them £522,500. The preferential creditors, the Inland Revenue and VAT, were owed £715,000 and were paid 32p in the pound: £237,000. "Football Creditors" - other clubs, players and the League's pension deficit - are to be paid £428,000, while Blitz and Gazal paid £120,000 for Oldham's office equipment and other assets. Unsecured creditors, the usual victims including a £30,000 policing bill, local family firms and £1,856.50 unpaid to St John Ambulance, got nothing. The club's ongoing losses are estimated at £1m, and their shoring-up of the club adds up to £2.4m. They are paying £4.6m more for the ground and land."
From Companies House for 2015, Oldham Athletic (2004) accounts stated:- Cash £54.3 k, Net Worth £-4.4 m, Total Current Assets £691.3 k, Total Current Liabilities £9 m.
https://companycheck.co.uk/company/04989487/OLDHAM-ATHLETIC-2004-ASSOCIATION-FOOTBALL-CLUB-LIMITED/companies-house-data#key-financials
Even if you just add to cost of buying the land along with the debt to Blitz, you would have to start with a bid of upwards of £10 m, plus whatever Simon Corney paid Blitz and Gazal to buy the football club! Then there is the OEC!