@anotherposter so who were the other potential buyers?
Why we decided to pay off the debts when being punished for going into administration by not getting the academy money is confusing, we got screwed over there. Yes I believe the current mob/board and CEO need to part ways and I wonder how much they actually have invested to earn a seat at the top table
Well I will be attending, the Womens need our support , the disability team needs our support , the men's team needs some confidence
Couldn't give a fudge about the womens team I pay my season ticket to watch the first team.. you are right about the first team needing confidence though.. and a fudging miracle...😂
@royston-vasey I disagree, we should have the money to assemble a competitive squad at least at champ level. I don’t have the clubs bank balance or pay roll information but with the amount of fans we had over the last few seasons and viqi we should do ok. Is there more we should be doing as a club to generate more revenue streams absolutely. The club needs to be looking for a new owner who is passionate about the club/sport/winning rather than run like a charity shop where as long as we stay open we are doing enough which is going to be very difficult to come back from
You are missing the elephant in the room, despite what some posters on here would have you believe the current board were far from the only bidders for the club
They were however the preferred bidders of both the administrators and the council due to their willingness to take on the debts of the previous regime and the money "we should have" has been spent paying this back and paying the wages of charlatansand who retain positions at the club despite a record of years of failure and wasted revenue in every area they have overseen
A fair point is that. Should have had no debts at all after administration.
@anotherposter so who were the other potential buyers?
Why we decided to pay off the debts when being punished for going into administration by not getting the academy money is confusing, we got screwed over there. Yes I believe the current mob/board and CEO need to part ways and I wonder how much they actually have invested to earn a seat at the top table
Don't know TBH, Steve Dale was one of them but think we dodged a bullet with him, the rest were not declared but it was in the administrators report that the current board were the preferred bidders out of a number of of potential buyers
@mckeeverviking Steve Dale owned Bury FC and look what happened to them😔😔
@anotherposter who is Steve dale
Pretty sure he is a guy who made his money Asset Stripping businesses. Made up some story after a cancer scare of being a changed man who wanted to do some good in the world. Purchased Bury and Asset Striped them.
Wanted to buy Widnes but wanted the Stadium as part of the deal if im not wrong. An absolute Rodent of a man and a bullet well Dodged.
@anotherposter who is Steve dale
Pretty sure he is a guy who made his money Asset Stripping businesses. Made up some story after a cancer scare of being a changed man who wanted to do some good in the world. Purchased Bury and Asset Striped them.
Wanted to buy Widnes but wanted the Stadium as part of the deal if im not wrong. An absolute Rodent of a man and a bullet well Dodged.
Absolutely right, he was one of a couple of the interested parties as far as i recall who wanted the ground as part of the deal
@anotherposter so who were the other potential buyers?
Why we decided to pay off the debts when being punished for going into administration by not getting the academy money is confusing, we got screwed over there. Yes I believe the current mob/board and CEO need to part ways and I wonder how much they actually have invested to earn a seat at the top table
The administrators had to either, 1. Save the O'Connors 2. Get as much back for the creditors as they could or 3. liquidate the club
As far as i recall the current owners were "put together" by the administrators from interested parties and concerned supporters for want of a better term and bought the club for £20,000 but i think they invested £25,000 each
@mckeeverviking Companies house shows 6 registered directors....Chris Price, David Dean, Roger Harrison, Rod Steele, Stuart Murphy and Jason Shaw.
@toeknee-myler so realistically a buy out would be £150k plus if they could negotiate a stadium lease for another £150-200k for maybe 5 years we could make a proper plan for promotion, I think the stadium lease is integral for the deal
@toeknee-myler so realistically a buy out would be £150k plus if they could negotiate a stadium lease for another £150-200k for maybe 5 years we could make a proper plan for promotion, I think the stadium lease is integral for the deal
Not quite that simple, the club still has significant debts and whoever would be a potential buyer would also have to factor in that debt
The O'Connors wanted LB to both pay a fee for the club and pay off around £800k in debt, he refused and for some strange reason got slated here and on social media
They then panicked and offered the club for £1 to whoever would take on the debt and of course there were no takers hence the administration
In simple terms for someone to buy the club , pay off the debt and invest a little in players you would be looking at close to £800k minimum
I wonder how much of the debt is still pending