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Post by scoob on Oct 28, 2016 21:18:43 GMT
Yes they were separate businesses but under common ownership. Merry and Lenegan allowed that to change and I am sure that Kassam could not believe his luck. Sell the loss making element and keep the profitable part!
Kassam managed to break even in two of the six full years that he was in charge but made overall losses of £2.8M for those six years! The Club showed a profit of £2.1M in his first year and that included income from £1.5M in player sales which was probably inevitable in view of the mess that the club was in. I am not sure if he sold the player/s (Matt Elliott?) or if that was before his time in charge? In the final part year the club showed a loss of £486,000 but that was partially down to Merry and Co in the few months that they were in control. I don't think you could really call it "break even".
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Post by daveoufc on Oct 28, 2016 21:37:50 GMT
Dont think im ever trying to stick up for kassam but we hounded him out really and some of our fans made death threats to his kids then Nm and IL came along.
Also can Charlie explain how close we were to going out of buisness and who saved us please. Joey kassam fa cup draw mike riley?
And where did all the debt come from anyway Maxwell/ Herd who loaned all the money against the Mannor.
And while im at it why didnt anyone realise we were sat on land worth 13m and could of financed it all ourselves cheers
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Post by scoob on Oct 28, 2016 22:21:09 GMT
Dont think im ever trying to stick up for kassam but we hounded him out really and some of our fans made death threats to his kids then Nm and IL came along. Also can Charlie explain how close we were to going out of buisness and who saved us please. Joey kassam fa cup draw mike riley? And where did all the debt come from anyway Maxwell/ Herd who loaned all the money against the Mannor. And while im at it why didnt anyone realise we were sat on land worth 13m and could of financed it all ourselves cheers The accounts from 2005 state that the Manor was valued at £4M without planning permission but that it was expected to increase significantly with permission. The earliest accounts viewable at Companies House show a loss of £1.2M to 30th June 1990 and £0.9M the following year. The P&L Account showed about £500k of combined losses prior to that. Kevin Maxwell was in charge in1990 so it does not look like his dad left a massive debt. The P&L account had grown to £4.4M deficit by 1996 but the crunch time came after the work started on the new stadium in August 1996. According to the accounts the work started because the club believed that funding was in place but that did not materialise so building stopped in February 1997 but the club showed a profit of £614,000to 30 June 1997 due mainly to the sale of Matt Elliott. I assume that there was a separate company with separate accounts for the building work and this is where the critical debt came from.
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Post by daveoufc on Oct 29, 2016 10:55:33 GMT
Cheers Scoob. Bit of a mess aint it hopefully thats all about to change
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Post by outsidethebox on Nov 23, 2016 9:08:02 GMT
Best part of 100 Oxford City Council vehicles in the stadium car park this morning. Don't know why but no doubt FK is profiting from it.
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Post by ox44xp on Nov 23, 2016 10:19:59 GMT
not if they're planning enforcement officers
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Post by oufcyellows on Nov 23, 2016 11:57:23 GMT
Probably having their vehicles washed
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Post by leysboy on Nov 28, 2016 20:25:37 GMT
We will require a fourth stand if we draw a monster prem club at home in the 3rd round of the fa cup. Must get past Macclesfield first though.
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Post by yellows1 on Dec 2, 2016 21:21:53 GMT
Kassam is a bad smell hanging around, we'll never move forward with him around, maybe we need to get plans drawn up for Water Eaton and tell him to uck off! - He's had his own way too long
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Post by headingtonutd on Dec 3, 2016 16:50:30 GMT
Kassam is a bad smell hanging around, we'll never move forward with him around, maybe we need to get plans drawn up for Water Eaton and tell him to uck off! - He's had his own way too long Sadly it's not as simple as that is it. We are tied into a ridiculous contract that we (well a sockless buffoon) signed some years ago. Also there is the small matter of not owning WE. It's not really sensible to spend the tens and possibly hundreds of thousands on architects and planning consultants for land we don't own. Kassam would just laugh at us. He knows we can't really do anything unless we can get out of the contract or offer him something worth his while. He has had his own way because he holds all the cards. The good news is that with OxVox making some ground with the sale of the stadium we have a chink of light. If they and others can organise the purchase i'm sure we could raise the money to take back our club. It's a long and frustrating process but sticking two fingers up at Kassam and threatening to walk out on a contract we are tied into, to a ground that is years away from being built, on land we don't own and where more than likely the council won't let us build, is not really the answer.
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Post by Marked Ox on Dec 3, 2016 18:11:49 GMT
Kassam is a bad smell hanging around, we'll never move forward with him around, maybe we need to get plans drawn up for Water Eaton and tell him to uck off! - He's had his own way too long Sadly it's not as simple as that is it. We are tied into a ridiculous contract that we (well a sockless buffoon) signed some years ago. Also there is the small matter of not owning WE. It's not really sensible to spend the tens and possibly hundreds of thousands on architects and planning consultants for land we don't own. Kassam would just laugh at us. He knows we can't really do anything unless we can get out of the contract or offer him something worth his while. He has had his own way because he holds all the cards. The good news is that with OxVox making some ground with the sale of the stadium we have a chink of light. If they and others can organise the purchase i'm sure we could raise the money to take back our club. It's a long and frustrating process but sticking two fingers up at Kassam and threatening to walk out on a contract we are tied into, to a ground that is years away from being built, on land we don't own and where more than likely the council won't let us build, is not really the answer. With regards the lease; if we had WE (it won't happen though imo) Kassam would let us out of it as he could develop the site for housing which is far more valuable and quicker for him to get the cash.
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Post by oufcyellows on Dec 3, 2016 18:15:55 GMT
Sadly it's not as simple as that is it. We are tied into a ridiculous contract that we (well a sockless buffoon) signed some years ago. Also there is the small matter of not owning WE. It's not really sensible to spend the tens and possibly hundreds of thousands on architects and planning consultants for land we don't own. Kassam would just laugh at us. He knows we can't really do anything unless we can get out of the contract or offer him something worth his while. He has had his own way because he holds all the cards. The good news is that with OxVox making some ground with the sale of the stadium we have a chink of light. If they and others can organise the purchase i'm sure we could raise the money to take back our club. It's a long and frustrating process but sticking two fingers up at Kassam and threatening to walk out on a contract we are tied into, to a ground that is years away from being built, on land we don't own and where more than likely the council won't let us build, is not really the answer. With regards the lease; if we had WE (it won't happen though imo) Kassam would let us out of it as he could develop the site for housing which is far more valuable and quicker for him to get the cash. Even that's not as straight forward as that, one he would still have to get planning permission to build there, who want a load more houses surrounded by 2 hotels and bowling , cinema and bingo. Two we would still have to build We and get permission which would take probably 5 years so he would still be getting his rent anyway. As for the golden handshake, something mentioned by previous Oxvox regime, but never actually mentioned let alone agreed to by fk
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Post by headingtonutd on Dec 3, 2016 18:37:46 GMT
Sadly it's not as simple as that is it. We are tied into a ridiculous contract that we (well a sockless buffoon) signed some years ago. Also there is the small matter of not owning WE. It's not really sensible to spend the tens and possibly hundreds of thousands on architects and planning consultants for land we don't own. Kassam would just laugh at us. He knows we can't really do anything unless we can get out of the contract or offer him something worth his while. He has had his own way because he holds all the cards. The good news is that with OxVox making some ground with the sale of the stadium we have a chink of light. If they and others can organise the purchase i'm sure we could raise the money to take back our club. It's a long and frustrating process but sticking two fingers up at Kassam and threatening to walk out on a contract we are tied into, to a ground that is years away from being built, on land we don't own and where more than likely the council won't let us build, is not really the answer. With regards the lease; if we had WE (it won't happen though imo) Kassam would let us out of it as he could develop the site for housing which is far more valuable and quicker for him to get the cash. That assumes FK would get what he wants. There is no guarantee he would. It's a massively complex situation that spans local, county and central government policy. Also he would need to do a lot more than just let us out, he would need to pay us a lot of money to make it viable to us. I am not anti WE by any means. It would be a fantastic facility and what a good spot with the train station on hand but it is fraught with complex problems and I just don't see it getting over all the hurdles.
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Post by Marked Ox on Dec 3, 2016 21:07:14 GMT
With regards the lease; if we had WE (it won't happen though imo) Kassam would let us out of it as he could develop the site for housing which is far more valuable and quicker for him to get the cash. That assumes FK would get what he wants. There is no guarantee he would. It's a massively complex situation that spans local, county and central government policy. Also he would need to do a lot more than just let us out, he would need to pay us a lot of money to make it viable to us. I am not anti WE by any means. It would be a fantastic facility and what a good spot with the train station on hand but it is fraught with complex problems and I just don't see it getting over all the hurdles. I suspect he would get permission for housing as Oxford is seriously struggling to find space to meet its targets. I don't think WE would happen either, as you say too many hurdles. But if it did I have very doubt Kassam would get permission for a housing development. To Oufcyellow: With regards the golden handshake it depends on whether there is benefit for Kassam. I suspect the sooner he could develop the site it would be beneficial for him hence a golden handshake suits him.
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Post by oufcyellows on Dec 3, 2016 21:12:24 GMT
It would still have to go through planning and isn't in any local plan, if the councils ain't keen on additional housing opposite the Kassam, on land bordering a sewage works, then it's not a certain the would give the go ahead for housing in amongst a Lesiure complex. It's an out of town facility for a reason, no one wants that sort of thing bang on their door step. While your right and they do need/want housing, I don't think it would be as quick and easy to do as some think. Same with building a new leisure complex on what is currently green belt land in WE which the local council have no appetite for
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Post by Marked Ox on Dec 8, 2016 13:15:30 GMT
It would still have to go through planning and isn't in any local plan, if the councils ain't keen on additional housing opposite the Kassam, on land bordering a sewage works, then it's not a certain the would give the go ahead for housing in amongst a Lesiure complex. It's an out of town facility for a reason, no one wants that sort of thing bang on their door step. While your right and they do need/want housing, I don't think it would be as quick and easy to do as some think. Same with building a new leisure complex on what is currently green belt land in WE which the local council have no appetite for The Ozone site is in the Oxford City Council area whilst the land opposite is in South Oxfordshire District Council (if that is the correct District Council) planning control. Oxford City Council are keen to build on the land opposite the Stadium but South Oxon DC are very against it. Currently Oxford City Council is trying to negotiate with all the surrounding Councils to meet some of their housing requirements as they don't have the development land available. Being able to put Housing on the Stadium site and a significant part of the car park would be a godsend for Oxford City Council.
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Post by oufcyellows on Dec 8, 2016 13:53:31 GMT
It would still have to go through planning and isn't in any local plan, if the councils ain't keen on additional housing opposite the Kassam, on land bordering a sewage works, then it's not a certain the would give the go ahead for housing in amongst a Lesiure complex. It's an out of town facility for a reason, no one wants that sort of thing bang on their door step. While your right and they do need/want housing, I don't think it would be as quick and easy to do as some think. Same with building a new leisure complex on what is currently green belt land in WE which the local council have no appetite for The Ozone site is in the Oxford City Council area whilst the land opposite is in South Oxfordshire District Council (if that is the correct District Council) planning control. Oxford City Council are keen to build on the land opposite the Stadium but South Oxon DC are very against it. Currently Oxford City Council is trying to negotiate with all the surrounding Councils to meet some of their housing requirements as they don't have the development land available. Being able to put Housing on the Stadium site and a significant part of the car park would be a godsend for Oxford City Council. Maybe so , but still would be as straight forward as some think. If ox city can't convince other councils to build housing on green belt land, what makes u think they can convince Cherwell to allow a massive great stadium ?
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Post by Marked Ox on Dec 8, 2016 14:52:49 GMT
The Ozone site is in the Oxford City Council area whilst the land opposite is in South Oxfordshire District Council (if that is the correct District Council) planning control. Oxford City Council are keen to build on the land opposite the Stadium but South Oxon DC are very against it. Currently Oxford City Council is trying to negotiate with all the surrounding Councils to meet some of their housing requirements as they don't have the development land available. Being able to put Housing on the Stadium site and a significant part of the car park would be a godsend for Oxford City Council. Maybe so , but still would be as straight forward as some think. If ox city can't convince other councils to build housing on green belt land, what makes u think they can convince Cherwell to allow a massive great stadium ? That is the nub of the question. I don't think it is likely WE would ever happen anyway but there are ways the Council could sell it, such as instead of pressure to build housing for Oxford, they build a football stadium and the houses built at the Ozone site get counted as their contribution to Oxford housing. The District Councils will have to contribute to Oxford's housing need at some point
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Post by oufcyellows on Dec 8, 2016 14:58:34 GMT
Cherwell have already signed off on their local plan for the next 20 odd years or so though so are under no pressure to find extra. It's also useful to the city council if they can agree a deal with Oxvox they then have access to conference facilities and a playing surface they are currently having to pay high fees to use at the Kassam and elsewhere. Like with the bus parade last season, I think the council have finally realised that having a successful football club is actually a benefit to the city.
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Post by Marked Ox on Dec 8, 2016 15:08:03 GMT
Cherwell have already signed off on their local plan for the next 20 odd years or so though so are under no pressure to find extra. It's also useful to the city council if they can agree a deal with Oxvox they then have access to conference facilities and a playing surface they are currently having to pay high fees to use at the Kassam and elsewhere. Like with the bus parade last season, I think the council have finally realised that having a successful football club is actually a benefit to the city. Tory Councils can get pressured by a Tory National Govt. It is happened before and will again. Also, having worked in local Govt, things always change.
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Post by oufcyellows on Dec 8, 2016 15:14:00 GMT
Cherwell have already signed off on their local plan for the next 20 odd years or so though so are under no pressure to find extra. It's also useful to the city council if they can agree a deal with Oxvox they then have access to conference facilities and a playing surface they are currently having to pay high fees to use at the Kassam and elsewhere. Like with the bus parade last season, I think the council have finally realised that having a successful football club is actually a benefit to the city. Tory Councils can get pressured by a Tory National Govt. It is happened before and will again. Also, having worked in local Govt, things always change. So also as likely that we might get the training ground opposite the Kassam then. Still think we need to get the Kassam whatever. Then that's our shirt to medium term future sorted. Once that's done we can then always look into the possibility of moving and selling the land our selves if needed
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