Can Someone Explain ? - Page 3

Shurm · 05-09-2009, 07:14

Quote:

Originally Posted by cashman

Shurm old son sometimes when things are this serious ya just gotta all pull together n go with it. IMHO.

Ok I know what your saying but is it that serious ? The moneys there to pay the debt if need be that's all people think. If this is wrong people need to know otherwise fundraising will suffer that's all I've been trying to say. People I work with who have no interest in the club think it's not that serious because the money is available if they want it.

VALAIRIAN · 05-09-2009, 07:41

Quote:

Originally Posted by Shurm

Ok I know what your saying but is it that serious ? The moneys there to pay the debt if need be that's all people think. If this is wrong people need to know otherwise fundraising will suffer that's all I've been trying to say. People I work with who have no interest in the club think it's not that serious because the money is available if they want it.

Shurm, YES it is that serious, everybody must at this moment in time forget the A.S.S.F. That will be there during and after this taxman issue. The club at this moment do not want to relinquish shares for cash - that is not an option at this moment for The DON!! - If people are serious about helping the club,then they must do it now!!

Shurm · 05-09-2009, 08:48

So it's not an option for mr oneil yet it would save the club hmmmm who are we saving here ? Oneil or Accrington Stanley ?

How I see it simplified and Im more than likely wrong

Eric runs club into ground with large debts

He runs it his own way and doesn't want to integrate the club into the community or local business

money given to the club is not used as intended

sells worthless club with debts to oneil

eric disappears with big grin

oneil left wondering what did I do

club now need money to pay big tax bill

Why does the club run so poorly and allow these debts to become so large in the first place

ASSF formed got the money to pay the debt for a say in how the club works seems reasonable to me

oneil will not accept money or help .... Why ?

Club can be saved today if need be but oneil losses control and money, he made the decision to buy it though only a few month ago

people of Accrington asked to find money to save the club but it's not the club it's oneil your saving he can save the club bur refuses the help

Like I said my view could be all wrong and probably is but before you all start it's a forum and I've had my say if I wasn't passionate about the club I wouldn't write this.

K.S.H · 05-09-2009, 08:56

You got it in one

Doug · 05-09-2009, 09:09

It’s the same argument in respect of the ASSF; if the this money that is available for ASSF/Khan is for the love of Stanley then it should be made available without conditions or at least handed over on the understanding that O’Neil gives the ASSF/Khan bid first refusal if he decides to cut his losses. Keep in mind that Mr. Khan already holds substantial Shares and it’s his money that we’re talking about here, the ASSF has now’t of its own

Shurm · 05-09-2009, 09:18

If the club is to survive it needs to be part of the community again involved with business and the people of Accrington, it's too big to be one mans plaything any longer unless I win the lottery tonight :-) In truth the club can't run in the Football League with the numbers that attend and the wages and bills that need paying. I think the ASSF sounds a good idea but even with them on board if the club can't raise the money needed to run the club day to day I think it's time people accepted the town of Accrington can only really sustain a non league team. That's no disgrace and we might do ok again in the lower leagues but at least we will have a club...... What's better ?

maccawozzagod · 05-09-2009, 09:53

Quote:

Originally Posted by Shurm

and we might do ok again in the lower leagues but at least we will have a club...... What's better ?

whilst that is perfectly true Shurm the point of it all is that we are going to try to save the club and we're going to try to make it a competitive football league team.

Forget the arguments as to whether this that or tuther with the ASSF money because that option remains in the background. The Don wants the football club to stand on its own two feet and with the help of its fans and its residents we are going to do that. When we have raised the money the club will be solvent again and will go from strength to strength. The Don stated that as a business we have standard month to month supplier debts in line with a company of our size. He said that the debt ran from 2005/06 season and amassed due to penalties (how ironic) and interest charges. As a trading business we do alright from month to month and make money (not said but inferred). So, for three years - forgetting the tax burden, we have competed as an FL team on and off the pitch. We just don't have the money or resources to be really competitive.

Don't forget that as a club we are having to build the resources (community team, academy, commercial ops) that most of our rivals have had for years and years. It's a long slow process but we will get there.

The big plus was when Rob Heys stated that if we shift the debt here and now we will effectively be plus £18k per month on the budget as set out for the rest of the season. This money can then be used towards continuing the building process, such as £18k spent on enhancing the clubhouse this month and then next month 18k on enhancing the commercial ops, and then the next month 18k towards buying better players ec etc.

We shift the debt now, and then we'll see whats left of the club before we get too optomistic! (see thread on new stand)

Shurm · 05-09-2009, 09:57

Ok good points I just hope this is what happens.

K.S.H · 05-09-2009, 09:59

What i can't get my head round is why isn't the Don paying the debt, has he not got it? he said he's not throwing money in, fair enough, everyone has limits, but if he paid this debt off, which he knew about when he bought the club then it would be solvent now, might even start making a profit and he could draw his money back

flashy · 05-09-2009, 10:00

why have a dog and bark yourself springs to mind

Redskin · 05-09-2009, 10:02

Quote:

Originally Posted by Doug

In away you would be correct; Mr. O’Neil paid Eric for the privilege of owning the club, so quite rightly Mr. O’Neil will want to hold on to his full investment, if the fundraising comes off; and I have my doubts it can be achieved in eight weeks, he will hold on to the club and as a chance of recouping his money; not to mention the personal funds he put in before the take over…This to me is only natural; if I had bought the club I wouldn’t want to give it away.

But; if the money isn’t raised then it seems he will admit defeat and except the ASSF/Khan offer in order to keep the club alive; and maybe the chance to pull something back for his efforts…..That’s how I see it, and I will repeat, it is almost like blackmail “give us control or you lose it all”

Personally I hope Mr. O’Neil, the Club and the Fans succeed; despite my support for the ASSF I think it’s too early for control to be taken away from the current line up.

But I could be wrong…..

Here, Here!...My thoughts and Wishes Exactly!!!!

Shurm · 05-09-2009, 10:03

Hmmm good point, maybe he thought I'll buy this debt ridden worthless club and get the locals to pay it all back for me ........ Cunning ;-)

Redskin · 05-09-2009, 10:05

Quote:

Originally Posted by Doug

It’s the same argument in respect of the ASSF; if the this money that is available for ASSF/Khan is for the love of Stanley then it should be made available without conditions or at least handed over on the understanding that O’Neil gives the ASSF/Khan bid first refusal if he decides to cut his losses. Keep in mind that Mr. Khan already holds substantial Shares and it’s his money that we’re talking about here, the ASSF has now’t of its own

At last someone who sees what I see!....Blackmail!

cashman · 05-09-2009, 10:06

good post macca, yer far more eloquent than me, the point to me shurm is Stanley are a football league founder member, who i have seen vanish off the scene completly in 62, i have returned after a 40 yr abscence to follow what i never dreamed would be, i have no wish to see another demise, whilst i understand what yer saying Shurm theres probably 1500 or so more watched a sucessfull non league stanley, now they are fighting/ struggling to improve in league football, these people have evaporated, which makes me sad, it aint unique to stanley, but thats the way it is. i hope stanley remain a league club long after i have croaked.

Redskin · 05-09-2009, 10:08

Quote:

Originally Posted by Shurm

Hmmm good point, maybe he thought I'll buy this debt ridden worthless club and get the locals to pay it all back for me ........ Cunning ;-)

That is not what DO'N is about!....he is an honest guy with integrity!........Any bitterness should be directed else where, but now is not the time.........