oafcprozac Posted January 21, 2013 Share Posted January 21, 2013 (edited) It's not his to sell though, is it? Anyone who thinks the other 'Amigos' (the ones with the money) aren't still sitting in the background is deluded. Corney's their puppet and not a lot more. Amazing that he pleads poverty then miraculously money appears for a signing or two. You watch if we lose the next couple of games he'll pull a striker and a midfielder out of his arse….. Edited January 21, 2013 by oafcprozac Quote Link to comment Share on other sites More sharing options...
oafcprozac Posted January 21, 2013 Share Posted January 21, 2013 I thought everybody knew that? No, you see Simon is here out of the goodness of his heart and only wants the best for the club. Without Simon the club would turn to dust, Wednesdays wouldn't exist and Cats and Dog's would live in harmony. Blah, Blah feckin' Blah with lashings of Happy Clapping….. Quote Link to comment Share on other sites More sharing options...
oafcprozac Posted January 21, 2013 Share Posted January 21, 2013 Come on, we can't even agree on a fair price for a bacon butty On Bread or Toast? Red or Brown? Quote Link to comment Share on other sites More sharing options...
rudemedic Posted January 21, 2013 Share Posted January 21, 2013 It's not his to sell though, is it? Anyone who thinks the other 'Amigos' (the ones with the money) aren't still sitting in the background is deluded. Corney's their puppet and not a lot more. If SC is the puppet of the landlords what does that make Barry and Hill? Quote Link to comment Share on other sites More sharing options...
oafcprozac Posted January 21, 2013 Share Posted January 21, 2013 If SC is the puppet of the landlords what does that make Barry and Hill? Quote Link to comment Share on other sites More sharing options...
jimsleftfoot Posted January 21, 2013 Share Posted January 21, 2013 But if Simon has no money, he should look to get someone in who has, or put the club up for sale at a sensible price. That assumes that someone would want to buy us. Quote Link to comment Share on other sites More sharing options...
oafcprozac Posted January 21, 2013 Share Posted January 21, 2013 There's been interest, but the asking price was apparently ridiculous... Quote Link to comment Share on other sites More sharing options...
LaticMark Posted January 21, 2013 Share Posted January 21, 2013 (edited) There's been interest, but the asking price was apparently ridiculous... The following is taken from an article in The Independent in March 2004: " . . Blitz and Gazal paid £120,000 for Oldham's office equipment and other assets." & "They are paying £4.6m more for the ground and land." As the players are not classed as tangible assets this suggests that the club (minus the land) was worth only £120,000. SC now owns 97%, which he got from Blitz and Gazal. I wonder how much he paid for their shares? When you state a 'ridiculous' asking price, do you mean for the club or the club and ground/land? PS: Great article in The Chron by the way. Edited January 21, 2013 by Mark59 Quote Link to comment Share on other sites More sharing options...
BP1960 Posted January 21, 2013 Share Posted January 21, 2013 The following is taken from an article in The Independent in March 2004: " . . Blitz and Gazal paid £120,000 for Oldham's office equipment and other assets." & "They are paying £4.6m more for the ground and land." As the players are not classed as tangible assets this suggests that the club (minus the land) was worth only £120,000. SC now owns 97%, which he got from Blitz and Gazal. I wonder how much he paid for their shares? When you state a 'ridiculous' asking price, do you mean for the club or the club and ground/land? PS: Great article in The Chron by the way. Some of the land has already gone hasn't it ? Quote Link to comment Share on other sites More sharing options...
opinions4u Posted January 21, 2013 Share Posted January 21, 2013 As the players are not classed as tangible assets this suggests that the club (minus the land) was worth only £120,000. SC now owns 97%, which he got from Blitz and Gazal. I wonder how much he paid for their shares? I wasn't aware that they'd sold their shares. Only that they weren't willing to bankroll any further losses. Quote Link to comment Share on other sites More sharing options...
Blue_Guru Posted January 21, 2013 Share Posted January 21, 2013 Clear as mud marshy Quote Link to comment Share on other sites More sharing options...
LaticMark Posted January 21, 2013 Share Posted January 21, 2013 I wasn't aware that they'd sold their shares. Only that they weren't willing to bankroll any further losses. From Latics' website (about the football club or Oldham Athletic (2004) AFC Ltd.) Declaration under Regulation 94.1 of The Football League Limited. Shareholders holding 10% or more of the shares is issue are: Simon Corney holds 97% of share capital. http://www.oldhamathletic.co.uk/club/boardroom/ Blitz (and Gazal) of course still own the ground / land. Quote Link to comment Share on other sites More sharing options...
De_La_Vega Posted January 21, 2013 Share Posted January 21, 2013 These anti-management articles always frustrate me because there are so many people who imply great knowledge without actually putting any substance behind it. Does anyone actually know the financial position at the club? Could we survive without investment, say through fan ownership or similar? For my money the club has had some pretty impressive squads in recent years, with big money players. What therefore is the appalling mismanagement that is constantly referred to? Quote Link to comment Share on other sites More sharing options...
leeslover Posted January 22, 2013 Share Posted January 22, 2013 These anti-management articles always frustrate me because there are so many people who imply great knowledge without actually putting any substance behind it. Does anyone actually know the financial position at the club? Could we survive without investment, say through fan ownership or similar? For my money the club has had some pretty impressive squads in recent years, with big money players. What therefore is the appalling mismanagement that is constantly referred to? Every player we sign is ignored, every bit of income (eg TV for Scousers) is profit for the owners. Hence they make a load of money with dramatically reducing revenue. Quote Link to comment Share on other sites More sharing options...
opinions4u Posted January 22, 2013 Share Posted January 22, 2013 From Latics' website (about the football club or Oldham Athletic (2004) AFC Ltd.) Declaration under Regulation 94.1 of The Football League Limited. Shareholders holding 10% or more of the shares is issue are: Simon Corney holds 97% of share capital. http://www.oldhamathletic.co.uk/club/boardroom/ Blitz (and Gazal) of course still own the ground / land. Cheers. Quote Link to comment Share on other sites More sharing options...
oafcprozac Posted January 22, 2013 Share Posted January 22, 2013 These anti-management articles always frustrate me because there are so many people who imply great knowledge without actually putting any substance behind it. Does anyone actually know the financial position at the club? Could we survive without investment, say through fan ownership or similar? For my money the club has had some pretty impressive squads in recent years, with big money players. What therefore is the appalling mismanagement that is constantly referred to? Corney himself has been quoted as saying on more than one occasion 'if he walked away tomorrow the club would survive', 'If I was hit by a bus the club would survive' which asks the question, what exactly is he bringing to the table, and what exactly is he taking from the table? Quote Link to comment Share on other sites More sharing options...
Stainrod Posted January 22, 2013 Share Posted January 22, 2013 But that's a good thing to say, I'd be more worried if he said the club couldn't survive without him. Owners are only at the helm for a relatively short time, their role is, if possible, to get success but asa bare minimum it is to ensure the club is in a fit state to hand over the baton when that time omes - Corney is saying that's what he's done. Quote Link to comment Share on other sites More sharing options...
De_La_Vega Posted January 22, 2013 Share Posted January 22, 2013 I'm not saying people are wrong, but again I have asked a question about the supposed mismanagement and the responses are an allegation of taking funds out from extraordinary revenue streams and Corney suggesting the club could survive him. Hardly conclusive, and as for the comment regarding the creaming of profits then you have to balance that against the fact that we didn't win a cup game for about three years so surely all that time the losses were being covered elsewhere? The ground status is very worrying, but I don't get the rest of the innuendo I'm afraid. Quote Link to comment Share on other sites More sharing options...
JohnnyPimp Posted January 22, 2013 Share Posted January 22, 2013 At the end of the day it will boil down to how Blitz and Gazal want to play it. If, with the help of the local council, a better rate of return on the land can be made from redeveloping stand by stand and selling off pockets of land here and there, that's the direction they will go in. However, if an opportunity arises to flog the lot to a developer and see out the covenant to play professional sport at Boundary Park, I'm sure that's got as much chance of happening. Corney's 97% stake is worthless without the land so I wouldn't read too much into that. Quote Link to comment Share on other sites More sharing options...
HarryBosch Posted January 22, 2013 Share Posted January 22, 2013 Corney himself has been quoted as saying on more than one occasion 'if he walked away tomorrow the club would survive', 'If I was hit by a bus the club would survive' which asks the question, what exactly is he bringing to the table, and what exactly is he taking from the table? Are you saying you want him to run the club in a way where it wouldn't survive if he walked away tomorrow? Quote Link to comment Share on other sites More sharing options...
Twisbrogan Posted January 22, 2013 Share Posted January 22, 2013 I'm not saying people are wrong, but again I have asked a question about the supposed mismanagement and the responses are an allegation of taking funds out from extraordinary revenue streams and Corney suggesting the club could survive him. Hardly conclusive, and as for the comment regarding the creaming of profits then you have to balance that against the fact that we didn't win a cup game for about three years so surely all that time the losses were being covered elsewhere? The ground status is very worrying, but I don't get the rest of the innuendo I'm afraid. Agree totally. No-one on here (other than probably Barry) really knows anything with regards to budgets, individual player renumeration, upkeep of the ground and general club running costs. No-one has any idea how much revenue we are able to generate from commercial activities, from selling Jose Baxter t-shirts or the pennies from click throughs from the website. We know that there isn't too much money that comes through the turnstile anymore but that's about it. I take pretty much anything stated as fact on here with very large pinch of salt. Quote Link to comment Share on other sites More sharing options...
jimsleftfoot Posted January 22, 2013 Share Posted January 22, 2013 Corney himself has been quoted as saying on more than one occasion 'if he walked away tomorrow the club would survive', 'If I was hit by a bus the club would survive' which asks the question, what exactly is he bringing to the table, and what exactly is he taking from the table? This is a good thing, it means were not laden with third party debt. Quote Link to comment Share on other sites More sharing options...
oldhamandy1 Posted January 22, 2013 Share Posted January 22, 2013 Corney himself has been quoted as saying on more than one occasion 'if he walked away tomorrow the club would survive', 'If I was hit by a bus the club would survive' which asks the question, what exactly is he bringing to the table, and what exactly is he taking from the table? Did he say in what form? Quote Link to comment Share on other sites More sharing options...
Diego_Sideburns Posted January 22, 2013 Author Share Posted January 22, 2013 Dickov to wait until after Liverpool game to decide on having a No. 2. http://www.oldham-chronicle.co.uk/news-features/10/oldham-athletic-news/77103/bring-it-on Quote Link to comment Share on other sites More sharing options...
GlossopLatic Posted January 22, 2013 Share Posted January 22, 2013 Dickov to wait until after Liverpool game to decide on having a No. 2. http://www.oldham-ch...103/bring-it-on Christ that just sounds so wrong how will he keep it in! Quote Link to comment Share on other sites More sharing options...
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