Chaddy14 Posted August 8, 2019 Share Posted August 8, 2019 7 minutes ago, leeslover said: Is the current club ownership clear and open to you? We know what Abdallah and Mo look like, what else? There seems to be a bit of mystery on their side as well Please explain the bit of mystery? We all seem to know who they are when expressing our views on them. I know who BB is but as for the masked men behind FLG...as Manuel said.....”I know nothing”. Quote Link to comment Share on other sites More sharing options...
maddog Posted August 8, 2019 Share Posted August 8, 2019 11 minutes ago, Chaddy14 said: Please explain the bit of mystery? We all seem to know who they are when expressing our views on them. I know who BB is but as for the masked men behind FLG...as Manuel said.....”I know nothing”. Well a fair few Latics fans know 1-3 of the FLG very well.... Not sure anyone knows AL/ML very well.... Quote Link to comment Share on other sites More sharing options...
Ryan Posted August 8, 2019 Share Posted August 8, 2019 27 minutes ago, Chaddy14 said: Please explain the bit of mystery? We all seem to know who they are when expressing our views on them. I know who BB is but as for the masked men behind FLG...as Manuel said.....”I know nothing”. You cannot be serious Quote Link to comment Share on other sites More sharing options...
leeslover Posted August 9, 2019 Share Posted August 9, 2019 1 hour ago, Chaddy14 said: Please explain the bit of mystery? We all seem to know who they are when expressing our views on them. I know who BB is but as for the masked men behind FLG...as Manuel said.....”I know nothing”. It's a bit random a global football agent falling in love with us, it's sensible he would use his scouting contacts, it's a bit odd he'd sign semi pro players on Championship wages time and again, say he wants full engagement with the Trust but won't show a Director the accounts etc. Don't you think it's a mystery why he's even here? 7 Quote Link to comment Share on other sites More sharing options...
mcfluff1985 Posted August 9, 2019 Share Posted August 9, 2019 2 hours ago, leeslover said: It's a bit random a global football agent falling in love with us, it's sensible he would use his scouting contacts, it's a bit odd he'd sign semi pro players on Championship wages time and again, say he wants full engagement with the Trust but won't show a Director the accounts etc. Don't you think it's a mystery why he's even here? Shit job of running a club so far. Although I am interested to see how it pans put with a Head Coach which is what we all know he wanted anyway. Some good players signed, some shit. Same as any recruitment process we've ever seen. I'd bin the trust off as well. Jumped straight into bed with the FLG (I'd imagine that's how AL sees it) If, and it's a big if, the trust see the accounts in the next 7 days, no doubt they'll just say it all looks rosy. Quote Link to comment Share on other sites More sharing options...
GlossopLatic Posted August 9, 2019 Share Posted August 9, 2019 (edited) 6 hours ago, Chaddy14 said: Catching up the posts it still seems some are still backing the as yet anonymous FLG to carry on fragmenting the ownership of the ground? A targeted take over strategy by unknown funders and we are all expected to support it? For the moment I’ll stick with the least worst option of the guy who is funding / putting the Latics team on the pit. Not my ideal choice but until someone explains why there is such a big mystery why the masked raiders aren’t more open about why they want to own assets, yet are doing it out of the goodness of their hearts! I do like this idea that you are claiming a lack of transparency from the FLG yet the current owner wont submit accounts or show them to a shareholder. For that reason you can't claim that he is funding Latics because you have no real proof. Thats before we get to this utterly incompetent recruitment policy of signing useless players on big money. The FLGs motivation is clear, Our owners certainly isnt. After being here for 2 years I find that worrying. Edited August 9, 2019 by GlossopLatic Quote Link to comment Share on other sites More sharing options...
HarryBosch Posted August 9, 2019 Share Posted August 9, 2019 (edited) 13 hours ago, maddog said: AL team + BB ground vs AL team + FLG ground = more fragmented.... It baffles me (ok it doesn't really) that people are still struggling with this. We're simply going from a disinterested BrassBank owning it from the US and continuing to do nothing with it to 3+ local businessmen, all genuine longstanding supporters, looking to buy it and maximise it's use. Whether or not they do ultimately want to take over the lot strikes me as irrelevant if Abdallah doesn't want or need to sell. Would there be any issue with any of it if Abdallah had sat down months ago and simply negotiated a deal all were happy with (or willing to live with)? Edited August 9, 2019 by HarryBosch 5 Quote Link to comment Share on other sites More sharing options...
Clifford Posted August 9, 2019 Share Posted August 9, 2019 7 hours ago, GlossopLatic said: I do like this idea that you are claiming a lack of transparency from the FLG yet the current owner wont submit accounts or show them to a shareholder. For that reason you can't claim that he is funding Latics because you have no real proof. This. I believe the club will be left with massive debts and contracted wages when him and his brother walk away. All the debt will be with OAFC and he will be accountable for nothing on the other side of the world. The only hope of us not becoming the next Bury is that the FLG are going to own the ground and therefore be able to catch the club when the rug gets pulled / the debts burst the lemmys little game. 4 Quote Link to comment Share on other sites More sharing options...
jorvik_latic Posted August 9, 2019 Share Posted August 9, 2019 13 minutes ago, Clifford said: This. I believe the club will be left with massive debts and contracted wages when him and his brother walk away. All the debt will be with OAFC and he will be accountable for nothing on the other side of the world. The only hope of us not becoming the next Bury is that the FLG are going to own the ground and therefore be able to catch the club when the rug gets pulled / the debts burst the lemmys little game. No, no, no. The big nasty property developer (who worked for years in the ticket office for free) will just build houses on it when that happens. Quote Link to comment Share on other sites More sharing options...
Clifford Posted August 9, 2019 Share Posted August 9, 2019 1 minute ago, jorvik_latic said: No, no, no. The big nasty property developer (who worked for years in the ticket office for free) will just build houses on it when that happens. At least Bury got a promotion. We are going to get fucked over to finish 12th in league 2. Typical Latics. Kind of hope Bury go bust so the EFL and FA are forced to further protect clubs from the sort of owners we are enduring. Quote Link to comment Share on other sites More sharing options...
unsworth blue Posted August 9, 2019 Author Share Posted August 9, 2019 4 hours ago, Clifford said: This. I believe the club will be left with massive debts and contracted wages when him and his brother walk away. All the debt will be with OAFC and he will be accountable for nothing on the other side of the world. The only hope of us not becoming the next Bury is that the FLG are going to own the ground and therefore be able to catch the club when the rug gets pulled / the debts burst the lemmys little game. This is my concern as well, looks to me like they are gearing up the club staff wise and we have no assurance how this is being funded - can't believe its not just being put on "the slate" Quote Link to comment Share on other sites More sharing options...
whittles left foot Posted August 9, 2019 Share Posted August 9, 2019 38 minutes ago, unsworth blue said: This is my concern as well, looks to me like they are gearing up the club staff wise and we have no assurance how this is being funded - can't believe its not just being put on "the slate" For this to happen would there not have to be some form of collateral or security against any loans? As the bloke only owns the team I cannot see that being acceptable, so what financial institution would lend the money? If not then he either has money or access to money? No agenda here, just interested in what folks think. Quote Link to comment Share on other sites More sharing options...
Clifford Posted August 9, 2019 Share Posted August 9, 2019 7 minutes ago, whittles left foot said: For this to happen would there not have to be some form of collateral or security against any loans? As the bloke only owns the team I cannot see that being acceptable, so what financial institution would lend the money? If not then he either has money or access to money? No agenda here, just interested in what folks think. Corney managed to get loans against the club didn't he. No reason why AL cant do the same. These 2 or 3 year deals that have been handed out on stupid money need paying monthly. If he fucks off in January they'll still need paying long term. Once the Edmondson money and season ticket money are gone, bearing in mind we've no real corporate monies coming in then we'll see real issues. If we go early in the cups i think AL will be gone before the seasons out. Quote Link to comment Share on other sites More sharing options...
Steve_R Posted August 9, 2019 Share Posted August 9, 2019 22 minutes ago, Clifford said: Corney managed to get loans against the club didn't he. No reason why AL cant do the same. These 2 or 3 year deals that have been handed out on stupid money need paying monthly. If he fucks off in January they'll still need paying long term. Once the Edmondson money and season ticket money are gone, bearing in mind we've no real corporate monies coming in then we'll see real issues. If we go early in the cups i think AL will be gone before the seasons out. Apart from Wheater we seemed to have signed a lot of players I've never heard of on 1 or 2 year deals. Who have we signed on a three year deal, and how much is this silly money they are on? Quote Link to comment Share on other sites More sharing options...
Jimbooth Posted August 9, 2019 Share Posted August 9, 2019 1 hour ago, Steve_R said: Apart from Wheater we seemed to have signed a lot of players I've never heard of on 1 or 2 year deals. Who have we signed on a three year deal, and how much is this silly money they are on? I didn't see any 3 year deals and from what I've heard the wage bill is actually lower than last season with more players so some of them must be on peanuts. Quote Link to comment Share on other sites More sharing options...
kowenicki Posted August 9, 2019 Share Posted August 9, 2019 16 minutes ago, Jimbooth said: I didn't see any 3 year deals and from what I've heard the wage bill is actually lower than last season with more players so some of them must be on peanuts. I thought the argument was that some were on too much last year? Quote Link to comment Share on other sites More sharing options...
latics22 Posted August 9, 2019 Share Posted August 9, 2019 Makes no sense, why bother signing mills woods and wheater ? Quote Link to comment Share on other sites More sharing options...
mcfluff1985 Posted August 9, 2019 Share Posted August 9, 2019 26 minutes ago, latics22 said: Makes no sense, why bother signing mills woods and wheater ? You forgot to log in as shuck Quote Link to comment Share on other sites More sharing options...
latics22 Posted August 10, 2019 Share Posted August 10, 2019 21 hours ago, mcfluff1985 said: You forgot to log in as shuck I didn't love vera in any of that .... Quote Link to comment Share on other sites More sharing options...
wiseowl Posted August 10, 2019 Share Posted August 10, 2019 On 8/9/2019 at 6:42 PM, whittles left foot said: For this to happen would there not have to be some form of collateral or security against any loans? As the bloke only owns the team I cannot see that being acceptable, so what financial institution would lend the money? If not then he either has money or access to money? No agenda here, just interested in what folks think. There's all kinds of ways in reality. He could be "funding it himself" via a director's loan/s via money from "other sources". That would saddle us with debt - but without seeing monthly management accounts, we'd never know. Lenders could take security against future income e.g. gate receipts (!), money from cup prize money, league payments and even future transfer income - anything is possible where there is money to be made, whittles. Quote Link to comment Share on other sites More sharing options...
jorvik_latic Posted August 10, 2019 Share Posted August 10, 2019 1 minute ago, wiseowl said: There's all kinds of ways in reality. He could be "funding it himself" via a director's loan/s via money from "other sources". That would saddle us with debt - but without seeing monthly management accounts, we'd never know. Lenders could take security against future income e.g. gate receipts (!), money from cup prize money, league payments and even future transfer income - anything is possible where there is money to be made, whittles. Depends where we stand with SCMP. If we’re spending more than we’re allowed ( I know, I know) then turnover can’t come from loans. Quote Link to comment Share on other sites More sharing options...
peanuts Posted August 11, 2019 Share Posted August 11, 2019 On 8/9/2019 at 6:42 PM, whittles left foot said: For this to happen would there not have to be some form of collateral or security against any loans? As the bloke only owns the team I cannot see that being acceptable, so what financial institution would lend the money? If not then he either has money or access to money? No agenda here, just interested in what folks think. didnt he have to leave some kind of bond with the EFL before passing the fit and proper persons test would that not kick in ? Quote Link to comment Share on other sites More sharing options...
Big un Posted August 11, 2019 Share Posted August 11, 2019 On 8/9/2019 at 9:56 PM, latics22 said: Makes no sense, why bother signing mills woods and wheater ? Home grown player quota Quote Link to comment Share on other sites More sharing options...
HarryBosch Posted August 11, 2019 Share Posted August 11, 2019 14 hours ago, peanuts said: didnt he have to leave some kind of bond with the EFL before passing the fit and proper persons test would that not kick in ? I believe you have to show a certain amount of money in a bank account. Whether or not they would follow a procedure to establish where it came from and how long it's been there I'm not sure. Nor am I sure whether they would check it was still there the day after.... Quote Link to comment Share on other sites More sharing options...
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