TAKEOVER TALK

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STEVE F
Brat
Posts: 114
Joined: Thu Sep 25, 2008 6:26 pm

TAKEOVER TALK

Post by STEVE F »

LOST OF RUMOURS DOING THE ROUNDS CONCERNING NEW OWNERS AT OXFORD UNITED

THE FACT IS THAT ANY NEW OWNERSHIP OF OXFORD UNITED WITHOUT OWNERSHIP OF THE GROUND AS WELL AS THE FOOTBALL CLUB WILL BE AN UTTER , TOTAL AND COMPLETE WASTE OF TIME AND MONEY, ANY PERSON OR GROUP WANTING TO OWN OXFORD UNITED MUST BUY THE CLUB AND THE GROUND AS WELL, IF THEY CANNOT AFFORD TO BUY THE GROUND OUT RIGHT THEN THEY MAY AS WELL STAY RIGHT AWAY FROM OXFORD UNITED ALL TOGETHER .
Snake
Grumpy old git
Posts: 4376
Joined: Thu May 11, 2006 9:56 pm
Location: Oxfordshire

Re: TAKEOVER TALK

Post by Snake »

This is the internet equivalent of a library, so if you want to SHOUT then please do it over on the other side as it’s in meltdown and would suit your writing style - http://www.yellowsforum.co.uk/thread/18 ... lub?page=6
SmileyMan
Middle-Aged Spread
Posts: 1637
Joined: Wed Sep 06, 2006 5:39 am

Re: TAKEOVER TALK

Post by SmileyMan »

Steve's right - Lenaghan's clearly a pretty good businessman who knows how to run a sports club (if you forgive him the Merry years...) and he's come nowhere near to making the club profitable without the ground.

The question is will both IL and FK sell for sensible prices?

Personally, I'm of the opinion that it's all just filler for the OM's sports pages during the summer.
GodalmingYellow
Senile
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Joined: Tue May 16, 2006 10:22 am

Re: TAKEOVER TALK

Post by GodalmingYellow »

How many times do we have to have this discussion?

Buying the ground at a price tag of £13m would kill Oxford United inside a year.

To buy the ground without killing Oxford United would need many of the following unlikely possibilities to occur:

a)Owner buys the stadium outright and doesn't charge interest to the club on the money used to buy the stadium.
b)Owner buys the stadium outright and doesn't charge rent to the club.
c)Owner buys the stadium using loan finance and doesn't charge the interest to the club.
d)A sponsor turns up and decides yes £3m or more is indeed good value.
e)The city council finds a large pot of unused funding and subsidises the ground purchase without charging the owner or club the market rate for such lending.
f)The county council finds a large pot of unused funding and subsidises the ground purchase without charging the owner or club the market rate for such lending.
g)The butcher, the baker and the candlestick maker find if they club together they can raise sixpence ha'penny between them and Kassam says "oh go on then, as it's you and the fans have treated me so nicely".
h)The university decides that a football stadium is a must have venue.
I)Ian Lenagan gets all teary eyed and decides what the heck, you can't take it with you, and blows the family fortune on a new stadium
j)the city and county council planning departments get all teary eyed and give the club a large plot of land for nothing and withdraw decades of planning objections for another new stadium and the club tell Kassam where to stick it.
k)BMW realise the benefit to its workers of owning a football stadium close to the plant of one of its most profitable vehicles.
l)Local businesses and businesses from afar decide, you know what, Minchery Farm is a great place for a conference, despite the local sewerage works, if it has an OUFC logo on it, so they turn up in droves to subsidise the ground purchase through the trading of StadCo.
m)Local people decide that the club owning the stadium is so important that they queue round the block for tickets every week, even in League 2 or the Conference.
n)London Welsh are so confident of staying in the Premiership for the long term that they decide they want in and sign up to a long term lease at exorbitant rent.
o)London Welsh are so confident of staying in the Premiership for the long term that they decide they want in and buy half the stadium (although technically OUFC still wouldn't own its own ground).

Please understand, it isn't going to happen without third parties acting as extremely good natured benefactors for the benefit of the club. And that virtually never happens in football. The real cost of money, in whatever form it is provided, is huge on £13million of funding. Far more than the club could pay even if the stadium was full every week, let alone with average gates of less than half capacity.
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