[Official Site] CLUB STATEMENT

That's reassuring at least, fingers crossed whatever is going on is resolved quickly.

 

snore

 

So if the story that people have pieced together on this thread is correct... in what way could the investors have been trying to sort this? And why would the Crynes be dismissing it "out of hand"?

 

Hadn't seen this post while typing my earlier reply, but this is very welcome news in the circumstances. Well done to the Supporters' Trust for seeking this, and for getting as positive a response as could be expected.

 

Perhaps it’s the same mystery party that owns the brewery site??

 

Who's 50% does 'the club' want to buy? The crynes...?? That's how i read it, but

Who is it already promised to?? The council???
(Whoever).

So the club have stopped paying, because they can't buy 50%. So the crynes are suing the club for 2.75M. But they sold the deal to the investors offering 50% whilst knowing it was promised to someone else.

So shouldn't 'The club' be suing the crynes ?

 

Maybe because it was a different Cryne (Patrick) back then?

 

Id assume the club were nearly at that stage and this action is a pre emotive strike from the crynes?

 

That makes sense - usually in these arrangements the other 50% always has the first option if one sells.

However, as a taxpayer, it makes no sense for BMBC to buy it:

1) The council have better things to spend the cash on.

2) They still own 50%, so that offers the degree of protection against any ‘wrongdoing’.

 

Personally I never trusted Cryne or his family. There continued involvement was always going to spell trouble

 

If only you would, moronic little troll.

 

It's a mess and there'll be no winner, only losers and the biggest loser may well be the fans. After all fans are the only constant at any club as players, managers and owners come and go with regularity.
What I don't understand is why the new owners didn't carry out proper 'due diligence' before purchase, that would have highlighted this issue. That is unless something was withheld in disclosure and the club was bought in good faith on undisclosed information. It is going to get very expensive for all parties..

 

Can't fathom who the other party would be to have an option on it. Doyle maybe as he sold it in the 1st place?

 

Having thought a bit more about this and if the relationship has completely broken down, do we find a situation like Rotherham had, where the team are forced to, or the owners choose to, leave their natural home.

If BMBC are an interested party, would they grant any permissions for a new stadium in the borough, and if the relationship was so bad and dragged the council in, could these owners even look to move BFC out of Barnsley?

I'd hope we're a long way from that at this stage, but if you have two bloody minded parties like we had at Rotherham with the Booths, its not inconceivable.

 

Is it the ground and the land that surrounds oakwell aswell? I just find it strange they are so intent on buying oakwell but havent used a penny of there own money for the squad.

 

Not sure what lay out of council powers is round Barnsley, but in Lincoln and it’s very near vicinity there are three councils, so doesn’t have to be a council under same juristiction.

 

Or they’ve bought it as a long term investment to rent out to the football club.

 

A good summary Curtis.

Your third para in particular goes to the heart of the contractual issue.

As with all matters such as this, the speculation will naturally continue and it will also be interesting to see whether the Crynes go public with a response.

Until we have more information, it's best to try and remain objective. Waiting for clarity as a fan, particularly after the Wigan situation, isn't easy!

 

Long term liability, not investment.

Whilst repair and maintain lease covers lots of things, the West Stand which will need constant works carrying out, will be a drain for any Landlord.

 

Maybe that's what GG was doing in Wigan. Scoping a new ground