VALIANT UNITED BEAT VALE...
“OUFC is worth less now than it was when WPL bought it not more. At the time the club itself was effectively valued at nothing and WPL had to settle the debt of £2 million to take control. The value of the club itself may have (unlikely though) increased a bit from the £0 valuation but the debt has now doubled so it would cost twice as much to a new buyer.
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- Puberty
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- Puberty
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[quote="Snake"]“OUFC is worth less now than it was when WPL bought it not more. At the time the club itself was effectively valued at nothing and WPL had to settle the debt of £2 million to take control. The value of the club itself may have (unlikely though) increased a bit from the £0 valuation but the debt has now doubled so it would cost twice as much to a new buyer.
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You can’t be brave, Tim, as you don’t have that kind of money to put on the table any more than I can. However, other more affluent gamblers with an interest in OUFC might have the resources though, and the current odds of another promotion this season are not bad - http://www.oddschecker.com/football/eng ... /promotion"Sackcloth Ox" wrote:Well I'll be brave and say that the club isn't really worth anything untill we get another promotion.
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As for my smoking habit, Dartford Ox, then I can inform you that I recycle religiously so I can dig out another empty carton at any time from the Black Box my excellent Council here in Witney empties for me each week.
So, still no spreadsheet from the fans, even on a board like this.
Tsk..., but I bet this bloke has got one - http://uk.linkedin.com/pub/ashwini-tawakley/11/755/a76
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[quote="Snake"]“OUFC is worth less now than it was when WPL bought it not more. At the time the club itself was effectively valued at nothing and WPL had to settle the debt of £2 million to take control. The value of the club itself may have (unlikely though) increased a bit from the £0 valuation but the debt has now doubled so it would cost twice as much to a new buyer.
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[quote="Mally"][quote="Snake"]“OUFC is worth less now than it was when WPL bought it not more. At the time the club itself was effectively valued at nothing and WPL had to settle the debt of £2 million to take control. The value of the club itself may have (unlikely though) increased a bit from the £0 valuation but the debt has now doubled so it would cost twice as much to a new buyer.
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- Mid-life Crisis
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No it doesn't. Under clause 3.1(vi) there is a potential increase if the club is promoted to the Championship. There are no other clauses specifying a potential increase in the Licence Fee based on promotion."Snake" wrote:And while we’re on that subject it didn’t give Us a discount for dropping into Division V but it does have a clause that increases the rent when we go up to Division III. Well done to WPL and their fantastic legal team (not).
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- Puberty
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Re:
[quote="Snake"][quote="Mally"][quote="Snake"]“OUFC is worth less now than it was when WPL bought it not more. At the time the club itself was effectively valued at nothing and WPL had to settle the debt of £2 million to take control. The value of the club itself may have (unlikely though) increased a bit from the £0 valuation but the debt has now doubled so it would cost twice as much to a new buyer.
Lenagan plus points:
- Kept the club afloat and covered losses
- Appointed Kelvin Thomas to run the club who via Wilder got us promoted
- Appointed Kelvin Thomas to run the club who stemmed the wasteful losses
- Not intefered in football matters
- Apparently not looking for immediate repayment of loans
Lenagan negative points:
- Appointed (or was led by) Merry and Smith who got us relegated
- Appointed (or was led by) Merry and Smith who blew £2m
- Failed to buy or come up with a plan to buy the stadium
- Financed the club via debt rather than equity
- Apparent lack of focus on, or strategic plan for OUFC
A curate's egg of an owner as far as I'm concerned. The Merry and Smith debacle caused a great deal of debt and pain that will take a good few years of success to overcome - I'd say 2 years at mid table in League 1 or better for me to stop looking over my shoulder and being haunted by the spectre of the poxy conference.
Beyond that the purchase and full exploitation of the stadium by the club (or it's holding company) and the removal of the debt are key requirements of a strategic plan.
- Kept the club afloat and covered losses
- Appointed Kelvin Thomas to run the club who via Wilder got us promoted
- Appointed Kelvin Thomas to run the club who stemmed the wasteful losses
- Not intefered in football matters
- Apparently not looking for immediate repayment of loans
Lenagan negative points:
- Appointed (or was led by) Merry and Smith who got us relegated
- Appointed (or was led by) Merry and Smith who blew £2m
- Failed to buy or come up with a plan to buy the stadium
- Financed the club via debt rather than equity
- Apparent lack of focus on, or strategic plan for OUFC
A curate's egg of an owner as far as I'm concerned. The Merry and Smith debacle caused a great deal of debt and pain that will take a good few years of success to overcome - I'd say 2 years at mid table in League 1 or better for me to stop looking over my shoulder and being haunted by the spectre of the poxy conference.
Beyond that the purchase and full exploitation of the stadium by the club (or it's holding company) and the removal of the debt are key requirements of a strategic plan.