Nick Merry 50 today

[OUFC4eva]

Happy birthday Nick.

It's almost three years since he stood down as Chairman.

Anybody know what he is doing now? (I don't think that he will be re-arranging his sock drawer though)

http://www.rageonline.co.uk/mainpage.ph ... yer_id=703

[pottersrightboot]

Happy birthday Nick.

It's almost three years since he stood down as Chairman.

Anybody know what he is doing now? (I don't think that he will be re-arranging his sock drawer though)

http://www.rageonline.co.uk/mainpage.ph ... yer_id=703

He's a bankrupt.

[YF Dan]

Hope he gets some socks for the big day

[BigCrompy]

When Kansas City play Witney in a pre-season friendly, I wonder if he's the only player featuring in the 'played for both' column in the matchday rag?

[Baboo]

[quote=&quotpottersrightboot&quot

He's a bankrupt.[/quote]

Is anyone remotely surprised?

[oxfordyankee]

Found this...

http://www.ripoffrepairs.com/con-man-ni ... s-inc-llc/

[slappy]

I still think he put in more money to WPL than was generally believed.
WPL 2009 accounts
- directors were Merry and IL
Directors loans accounts 3,341,654
WPL 2010 accounts
- director was IL (Merry resigned July 2009)
Directors loans accounts 2,851,551
Other 492,941
TOTAL loans 3,344,492 (increase of £2,838 = corporation tax £1,338 and reduction of creditors of £1,500)

Is there any other explanation for the Other loans of £492,941 not being Merry, particular as that number was apparently in Directors loans the year before? (I suppose that a 3rd party could have lent WPL £492,941, IL was repaid £492,941 and that Merry never invested anything at all?)

Of course he took OUFC to the brink, but at what appears to be a personal financial cost of nearly £500K.

[Baboo]

I still think he put in more money to WPL than was generally believed.
WPL 2009 accounts
- directors were Merry and IL
Directors loans accounts 3,341,654
WPL 2010 accounts
- director was IL (Merry resigned July 2009)
Directors loans accounts 2,851,551
Other 492,941
TOTAL loans 3,344,492 (increase of £2,838 = corporation tax £1,338 and reduction of creditors of £1,500)

Is there any other explanation for the Other loans of £492,941 not being Merry, particular as that number was apparently in Directors loans the year before? (I suppose that a 3rd party could have lent WPL £492,941, IL was repaid £492,941 and that Merry never invested anything at all?)

Of course he took OUFC to the brink, but at what appears to be a personal financial cost of nearly £500K.

How easy is it for someone with nothing / very little to borrow nearly £500k?

[Snake]

I still think he put in more money to WPL than was generally believed.
WPL 2009 accounts
- directors were Merry and IL
Directors loans accounts 3,341,654
WPL 2010 accounts
- director was IL (Merry resigned July 2009)
Directors loans accounts 2,851,551
Other 492,941
TOTAL loans 3,344,492 (increase of £2,838 = corporation tax £1,338 and reduction of creditors of £1,500)

Is there any other explanation for the Other loans of £492,941 not being Merry, particular as that number was apparently in Directors loans the year before? (I suppose that a 3rd party could have lent WPL £492,941, IL was repaid £492,941 and that Merry never invested anything at all?)

Of course he took OUFC to the brink, but at what appears to be a personal financial cost of nearly £500K.

In the year ended January 2007 the WPL accounts show an input of £61,242 from a Director and £1.9m from an unnamed investor (presumably Ian Lenagan).

Given there were only two directors of WPL at the time (Nick Merry and Kelvin Thomas) of whom only Merry held a share then it’s safe to assume that Merry put in £61k into the entire venture.

As for the £492k, I thought that was Jim Rosenthal and Co who stepped in when Lenagan’s losses got too much for him to bear?

///

Merry still seems to be operating out of Fort Myers - hope Kelvin has made sure he doesn't bump into him too much and has cut all connections..

http://www.corporationwiki.com/Florida/ ... 01616.aspx

[OUFC4eva]

Found this...

http://www.ripoffrepairs.com/con-man-ni ... s-inc-llc/

That is shocking.

[Snake]

Found this...

http://www.ripoffrepairs.com/con-man-ni ... s-inc-llc/

That is shocking.

Only if it's true (it may not be mind). If so then he joins a list of former recent Oxford United Legends in it for the good of themselves rather than our club.

Robert Maxwell
Keith Cox
Firoz Kassam

Not that I care all that much these days as I’ll be at the Liberty on Sunday* to see what a council with a proper relationship with the local football and rugby teams can produce.

* = via Edgar Street

[slappy]

In the year ended January 2007 the WPL accounts show an input of £61,242 from a Director and £1.9m from an unnamed investor (presumably Ian Lenagan).

Given there were only two directors of WPL at the time (Nick Merry and Kelvin Thomas) of whom only Merry held a share then it’s safe to assume that Merry put in £61k into the entire venture.

As for the £492k, I thought that was Jim Rosenthal and Co who stepped in when Lenagan’s losses got too much for him to bear?

///

Merry still seems to be operating out of Fort Myers - hope Kelvin has made sure he doesn't bump into him too much and has cut all connections..

http://www.corporationwiki.com/Florida/ ... 01616.aspx

In 2008 Directors' loans were disclosed as £2,712,061 (directors were KT and NM, not IL) with no other loans. So the loans have increased, but I assume calling them Directors' loans is a mistake.

In 2009 Directors' loans were disclosed as £3,341,654 (directors were KT and IL, with NM resigned July 2009) with no other loans. I assume that NM's investment and IL's investments are lumped together.

So in 2010, is it possible that somebody paid exactly £492,941 into WPL and then IL withdrew that cash? My guess is that NM was putting money into WPL in 08 and 09 at the same time as IL, but ran out of cash earlier / was putting less in. IL is on record as saying that he hasn't taken any money out (of the club?) so the suggestion that Rosenthal has repaid some of his loan doesn't tie up. I thought that Fans' loans were in OUFC rather than WPL, but could be wrong.

As for how NM found £492K, perhaps he remortgaged his house, with his Chairman's salary from OUFC as evidence of income (I think he was on the payroll). Or more disturbingly from the alleged scam linked to earlier.

[Snake]

Too many guesses in that last one, slappy!

What we do know is that Nick Merry was very convincing (and appears still to be so). A shame that OxVox didn’t do a bit more ‘due diligence’ on him rather than falling for the ‘anyone but Kassam’ line peddled at the time by the now invisible former (non-OxVox) ringleaders of that campaign. How on earth did we not know that Ian Lenagan was the real owner when the takeover happened? Even the BBC were fooled. Then we had the Mr. Loophole (he must have cost a bit to employ) drink driving charge in the early hours of August 24 2007 after he drove a black Bentley away from a lap-dancing bar in Banbury having used our official OUFC football website to promote his case of innocence.

It's all smoke and mirrors and it would be nice if we could be given a bit more public clarity at times, but I won't hold my breath on that one.

[OUFC4eva]

The &quotMerry&quot losses:

http://www.footballeconomy.com/content/ ... l-club-ltd

[OUFC4eva]

Three years ago this was Merry's take on the situation:

http://www.oxfordmail.co.uk/news/370065 ... statement/