Car park at Oakwell

The councils.

 

Re: Cant sell for £1million

Was it really? Why then, did the administrators state quite publicly and in legal documents in their report of the clubs administration that they only received one bid for the club and that was by Peter Doyle? Why also did Peter Doyle publicly state his was the only bid? And finally why didn't the unsuccessful bidder ever publicly state that they had had a bid turned down?

My guess is because there was only one bid and it was accepted.

 

If you google long and hard enough

you'll find a story in one of the local papers that makes reference to it.

Do. Your. Research.

 

Re: If you google long and hard enough

Or you could tell us which local paper to save us trawling through every back issue of every local paper to find some story based on a rather ambiguous forum post.

If anyone wants me I'll be spending the next few hours googling it using the computer bought for me by shefftykes lottery win. I'll be doing it from my shed that the bloke round the corner very kindly let me erect in his back garden

 

Re: Cant sell for £1million

Is that Matt Dunham of our administrators, RSM Robson Rhodes?

Is that the same RSM Robson Rhodes who were iSOFTs auditors? The RSM Robson Rhodes who paid out £1m in compensation for their auditing standards falling "short of acceptable standard" during the iSOFT affair? Them?

 

Steady on old ****...

 

Likety like !

 

Re: 12 units and the current price of land

As I understand it, the land and buildings are owned by a separate company (Oakwell Holdings Ltd ?). PC and the council each own 50% of the shares in that company, but the company is a separate legal entity to the shareholders. BFC pay £150,000 pa to play at the ground. We know that the purchase price of the property was £6m. Therefore, the lease amounts to two and half percent per year of the purchase price.

If the part of the car park is sold, the proceeds will vest in the company unless the shareholders elect to pay a dividend. Equally, the lease payments of £150,000 pa for the last 10 years still rest with the holding company unless the company has elected to pay annual dividends. I have no idea whether it has done so or not, but there will be quite a nest egg there by now if the answer is not (£1.5m less corporation tax).

In any event, should part of the assets be sold, the football club should look forward at the very least to a reduction in its lease payment by two and a half percent of the amount realised.