1/27 FLG funded by local businessmen who are fans.
Paul Whitehead (speaking)
Simon Wood
Simon Brooke.
Others who want to remain anonymous for the time being due to business and personal reasons
Paul Whitehead of Holroys Construction was head of the development if the north stand and passionate about the club
Plan: To complete the North Stand, purchase it and the rest of ground to secure it long term. Then best use them to generate money for the football club to help sustainability
Price is agreed to buy Brass Bank for £7 million car park plus stadium
Plan to build a hotel, new changing rooms and physio between Joe Royle and Jimmy Frizzle stand.
Already been approached by a Global brand to redevelop the main stand
Tried to arrange a meetings with Abdallah but so far he's refused. FLG continue to reach out to Mr Lemsagam but so far he is unwilling
Stadium was available for sale at same price when Abdallah bought the club, but wasn't interested
What's to stop the owner buying the stadium for the same deal?
- If he can pay the 7 million without a loan and so not put the club in debt to high interest payments and show he can generate money, he can
Is Simon Corney involved? No, in no way
What makes Gazal and Blitz want to sell?
They are desperate to be free of the hassle
What about Little Wembley?
The club bought that back from Oldham council, it was made clear to me that that is not part of the deal
Why does the OEC operate the kiosks, pie stands?
The club has the option to take them back, we actually operate then at a loss
Why did FLG get involved?
Every month you hear reports of players not being paid, bills not being paid, we want it to be properly run so we can just watch the matches and not worry about the clubs future
Ultimately the whole club to be run as one whether that is with the current owner or someone else.
What's Next? Final details put together and shares available by end of year, then owned by fans, there will be a mechanism in place so one person (or Abdallah & his brother) can't buy a majority.
Development planning is already in place with Oldham Council. Hotel was given permission in 2009
What stops Abdallah taking the club somewhere else? We've already spoken to the Football League and they are very unlikely to grant this club to be moved elsewhere whilst the the tenor of the stadium is secure, so a Coventry won't happen
What's to stop Abdallah closing the North Stand all season?
He can do but it doesn't effect us as we don't make a penny on it, all the money goes to the club
Over a 1000 season tickets sold in North stand, we've had no indication as yet from the club that it will be open
The club set the prices for hundred club, boxes and matchday hospitality we don't have a say in that.
What if the club refuses to talk the FLG?
That's their choice if they don't want an extra £500K a year generated income
Out of this deal every single penny goes to the club. I [Paul Whitehead] am putting money into it, but I'm not getting anything out of this. I will be a shareholder but won't take a salary or a penny in dividends
The Clayton Arms area where the new houses are now, was never sold to the club, the brewery sold it to a London housing company
A positive meeting. Unrelated point: The OEC looks an excellent facility and I thought the staff working there tonight were top class! (had to add another point up to make 27, but worth saying 😉 )