Oxford Cty

Anything yellow and blue
Brahma Bull
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Re: Oxford Cty

Post by Brahma Bull » Fri Oct 10, 2014 9:53 am

I feel sick for them. No football fan deserves this. Even the auditors are making it loud and clear. (Thank God he got laughed at out of Minchery when he came knocking).

Going Concern

At June 30, 2014, we had deficit accumulated of $11,924,623 and as noted throughout this report and our financial statements and notes thereto, our independent auditors have expressed their substantial doubt as to our ability to continue as a going concern as of June 30, 2014. We anticipate incurring significant losses in the future. We do not have an established source of revenue sufficient to cover our operating costs. Our ability to continue as a going concern is dependent upon our ability to successfully compete, operate profitably and/or raise additional capital through other means. If we are unable to reverse our losses, we will have to discontinue operations.

The financial statements included in this quarterly report have been prepared assuming that we will continue as a going concern, which contemplates the recoverability of assets and the satisfaction of liabilities in the normal course of business.

Management’s plans include the raising of capital through the equity markets to fund future operations, seeking additional acquisitions, and generating of revenue through our business. However, even if we do raise sufficient capital to support our operating expenses and generate adequate revenues, there can be no assurances that the revenue will be sufficient to enable us to develop business to a level where we will generate profits and positive cash flows from operations. These matters raise substantial doubt about our ability to continue as a going concern. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.

tomoufc
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Re: Oxford Cty

Post by tomoufc » Fri Oct 10, 2014 3:46 pm

I can't believe this kind of daylight robbery is tolerated in the English game. At one point it was just the big clubs like Leeds and Man U, now apparently anyone can buy the local Sunday league team for £1, sink it into tens of millions of debt, and pay themselves half of that debt.

Thinking about it, this is how the whole British economy is structured, so maybe it shouldn't be a surprise.

Edit - not saying OC is a sunday league team - in fact they're not far behind us now - just exaggerating for effect!
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&quotI've been a slave to football. It follows you home, it follows you everywhere, and eats into your family life. But every working man misses out on some things because of his job. &quot

Eric Pollard
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Re: Oxford Cty

Post by Eric Pollard » Fri Oct 10, 2014 5:14 pm

tomoufc wrote:I can't believe this kind of daylight robbery is tolerated in the English game. At one point it was just the big clubs like Leeds and Man U, now apparently anyone can buy the local Sunday league team for £1, sink it into tens of millions of debt, and pay themselves half of that debt.

Thinking about it, this is how the whole British economy is structured, so maybe it shouldn't be a surprise.

Edit - not saying OC is a sunday league team - in fact they're not far behind us now - just exaggerating for effect!
It would be if Labour got back in,

tomoufc
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Re: Oxford Cty

Post by tomoufc » Fri Oct 10, 2014 5:53 pm

Eric Pollard wrote:
tomoufc wrote:I can't believe this kind of daylight robbery is tolerated in the English game. At one point it was just the big clubs like Leeds and Man U, now apparently anyone can buy the local Sunday league team for £1, sink it into tens of millions of debt, and pay themselves half of that debt.

Thinking about it, this is how the whole British economy is structured, so maybe it shouldn't be a surprise.

Edit - not saying OC is a sunday league team - in fact they're not far behind us now - just exaggerating for effect!
It would be if Labour got back in,
Did you not know that Circo and Goldman Sachs run our country now, thus making elections irrelevant? Perhaps you didn't get that memo :)
&quotI've been a slave to football. It follows you home, it follows you everywhere, and eats into your family life. But every working man misses out on some things because of his job. &quot

Eric Pollard
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Posts: 129
Joined: Tue Jul 30, 2013 11:58 am

Re: Oxford Cty

Post by Eric Pollard » Fri Oct 10, 2014 6:07 pm

tomoufc wrote:
Eric Pollard wrote:
tomoufc wrote:I can't believe this kind of daylight robbery is tolerated in the English game. At one point it was just the big clubs like Leeds and Man U, now apparently anyone can buy the local Sunday league team for £1, sink it into tens of millions of debt, and pay themselves half of that debt.

Thinking about it, this is how the whole British economy is structured, so maybe it shouldn't be a surprise.

Edit - not saying OC is a sunday league team - in fact they're not far behind us now - just exaggerating for effect!
It would be if Labour got back in,
Did you not know that Circo and Goldman Sachs run our country now, thus making elections irrelevant? Perhaps you didn't get that memo :)
:lol:

Snake
Grumpy old git
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Re: Oxford Cty

Post by Snake » Mon Oct 13, 2014 7:30 pm

TAGs post on FB today. With a picture to 'prove' it.

"CEO THOMAS ANTHONY GUERRIERO AND OXFORD CITY FC THE BIG WINNER AT THE INTERNATIONAL BUSINESS AWARDS IN PARIS. WINNING 9 AWARDS INCLUDING EXECUTIVE OF THE YEAR AND COMPANY OF THE YEAR THROUGHOUT THE ENTIRE WORLD!!!!"

Radley Rambler
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Re: Oxford Cty

Post by Radley Rambler » Mon Oct 13, 2014 9:11 pm

Snake wrote:TAGs post on FB today. With a picture to 'prove' it.

"CEO THOMAS ANTHONY GUERRIERO AND OXFORD CITY FC THE BIG WINNER AT THE INTERNATIONAL BUSINESS AWARDS IN PARIS. WINNING 9 AWARDS INCLUDING EXECUTIVE OF THE YEAR AND COMPANY OF THE YEAR THROUGHOUT THE ENTIRE WORLD!!!!"
I've never heard of these awards so had a look on Wikipedia, a few interesting points are made there:

The charge to be considered for a Stevie in 2003 ranged from $200 to $400. As of 2014, entry fees range up to $505. There is an additional fee for attending the awards dinner.

Awards are judged each year by figures in business worldwide who participate in an evaluation process of nominees. Their recommendations for winners are announced at an annual ceremony held in New York City.

According to the organization, awards are given in hundreds of categories, and 30-40% of entrants receive an award

Applying for Stevie Awards has been recommended by multiple authors as an avenue for generating publicity and sales.


Make of that what you will.

Snake
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Location: Oxfordshire

Re: Oxford Cty

Post by Snake » Wed Oct 29, 2014 2:20 pm

http://www.12newsnow.com/global/story.asp?s=27148086

The video is worth watching just to see the Oxford City club crest on the American news channel.

Roo
Mid-life Crisis
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Re: Oxford Cty

Post by Roo » Tue Nov 04, 2014 5:00 pm

.....Hmmmmm...... Looks like the financial web might be starting to unravel.....

http://www.theexaminer.com/stories/news ... oor-soccer

Dr Bob
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Re: Oxford Cty

Post by Dr Bob » Tue Nov 04, 2014 6:00 pm

Roo wrote:.....Hmmmmm...... Looks like the financial web might be starting to unravel.....

http://www.theexaminer.com/stories/news ... oor-soccer
Hellfire. That is one seriously damning piece of journalism.

Kernow Yellow
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Re: Oxford Cty

Post by Kernow Yellow » Tue Nov 04, 2014 9:09 pm

Dr Bob wrote:
Roo wrote:.....Hmmmmm...... Looks like the financial web might be starting to unravel.....

http://www.theexaminer.com/stories/news ... oor-soccer
Hellfire. That is one seriously damning piece of journalism.
Albeit rather poorly researched:

"But according to reports from Oxford, Guerriero’s soc­cer team was “homeless” in 2013 with no place to practice, much less host games."

Um, really? Also using a July 26 (ie pre-season) game to highlight low attendances at City games.

But good that someone's digging where he's trying to extend his reach. A far cry from the unquestioning fawning shit the Mail came up with when he landed here.

Snake
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Re: Oxford Cty

Post by Snake » Tue Nov 04, 2014 10:03 pm

Dan Robinson is an excellent investigative journalist at the Mail, so good to read he’s on the case. He’s also got another emerging high profile story in the background about Blenheim Palace. On both counts he knows what’s going on but is still digging and keeping his powder dry.

Radley Rambler
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Re: Oxford Cty

Post by Radley Rambler » Wed Nov 05, 2014 12:09 am

Snake wrote:Dan Robinson is an excellent investigative journalist at the Mail, so good to read he’s on the case. He’s also got another emerging high profile story in the background about Blenheim Palace. On both counts he knows what’s going on but is still digging and keeping his powder dry.
Nice of you to make it public knowledge then Snake

Snake
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Re: Oxford Cty

Post by Snake » Wed Nov 05, 2014 7:34 pm

Radley Rambler wrote:
Snake wrote:Dan Robinson is an excellent investigative journalist at the Mail, so good to read he’s on the case. He’s also got another emerging high profile story in the background about Blenheim Palace. On both counts he knows what’s going on but is still digging and keeping his powder dry.
Nice of you to make it public knowledge then Snake
Try to keep up with local issues, Dan's been at it for a long time in my patch.

http://www.oxfordmail.co.uk/news/113738 ... tion_bill/

It's also very relevant to OUFC, as that site on the other side of Grenoble Road is getting closer and closer to approval due to the NPPF, and the opportunity it has given to venture capitalists who specialise in making money out of turning fields into housing.

Snake
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Re: Oxford Cty

Post by Snake » Sun Nov 09, 2014 10:50 am

http://www.oxfordcityfctexas.com/

Oxford City lost 13-7.

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