Oakwell Holdings Limited v BFC Investment Company Limited

Discussion in 'Bulletin Board' started by Spirit of 81, Aug 18, 2020.

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  1. Dan

    DannyWilsonLovechild Well-Known Member

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    I'm working of a huge sample size of 2! But there is now a consistency of falling out with the 20% that they've purposefully allowed to stay in situ. And on our case, we're operated by an employed CEO, not by the Cryne family.
     
    DannyWilsonLovechild, Aug 18, 2020
    #21
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  2. Mid

    Mido Well-Known Member

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    I think they’ve badly misjudged BFC if they think they can make a big profit on us, unless we somehow get promoted to the Prem.
     
    Mido, Aug 18, 2020
    #22
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  3. BrunNer

    BrunNer Well-Known Member

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    This is somehow part of Dave Whelan's long game. We need to resuscitate AFC Barnsley just in case.
     
    BrunNer, Aug 18, 2020
    #23
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  4. Cow

    Cowboy Well-Known Member

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    Time for a club statement methinks!
    Come on Dane, spill the beans!
     
    Cowboy, Aug 18, 2020
    #24
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  5. Bre

    BreweryStander Well-Known Member

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    BreweryStander, Aug 18, 2020
    #25
  6. Tyke_67

    Tyke_67 Well-Known Member

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    Wigan's bulletin board gonna go into meltdown when they find out about this
     
    Tyke_67, Aug 18, 2020
    #26
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  7. BarnsleyReds

    BarnsleyReds Well-Known Member

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    Think everyone needs to take a step back and not spread misinformation here. OP should be deleted because it makes very false assumptions that could be very damaging.
     
    BarnsleyReds, Aug 18, 2020
    #27
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  8. Ged

    Geddiswasguud Well-Known Member

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    Proper investigation required by some good journos...this is in public interest.
     
    Geddiswasguud, Aug 18, 2020
    #28
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  9. Dan

    DannyWilsonLovechild Well-Known Member

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    People are right, Holdings is the shell that had the stadium ownership within, so unless the contract was through this relating to sales proceeds for the club, it would seem to be stadia related.

    Breach of covenant?
    Failure to pay "rent" at the full agreed rate?
    Failure to act on an agreed clause re sale of the Cryne held stadia stake?

    Whatever, its not good at all.
     
    DannyWilsonLovechild, Aug 18, 2020
    #29
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  10. Shy Talk

    Shy Talk Well-Known Member

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    How so? As far as I can see it is simply quoting factual information that is in the public domain?
     
    Shy Talk, Aug 18, 2020
    #30
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  11. BarnsleyReds

    BarnsleyReds Well-Known Member

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    Correct. Not good. But nothing to do with the running of the club. It’s a separate issue.
     
    BarnsleyReds, Aug 18, 2020
    #31
  12. BarnsleyReds

    BarnsleyReds Well-Known Member

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    By claiming Oakwell Holdings is the entity that ‘runs the club’ when that is completely false. It’s 100% related to the stadium.
     
    BarnsleyReds, Aug 18, 2020
    #32
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  13. Shy Talk

    Shy Talk Well-Known Member

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    True except that the person credited with responsibility for our recruitment policy appears to be on the opposite side of the table to the rest of the board.
     
    Shy Talk, Aug 18, 2020
    #33
  14. Red

    Red CB Well-Known Member

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    All speculation, why not wait for developments
     
    Red CB, Aug 18, 2020
    #34
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  15. Red

    RedLeader21 Well-Known Member

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    Can't find any reference online.

    Any links anywhere?
     
    RedLeader21, Aug 18, 2020
    #35
  16. Jon

    Jonno Member

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    It's nothing to do with the stadium. Oakwell Community Assets Ltd is the company which owns the stadium.

    Oakwell Holdings Ltd is the company which owns Cryne's shareholding in Barnsley Football Club Ltd.
     
    Jonno, Aug 18, 2020
    #36
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  17. BarnsleyReds

    BarnsleyReds Well-Known Member

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    More assumptions there. As I understand it, the council have stake in Oakwell Holdings, this could easily have come from them.
     
    BarnsleyReds, Aug 18, 2020
    #37
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  18. Shy Talk

    Shy Talk Well-Known Member

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    No have another read he doesn't say that at all.
     
    Shy Talk, Aug 18, 2020
    #38
  19. Dan

    DannyWilsonLovechild Well-Known Member

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    Looking at the accounts of Holdings, its the vehicle that the sale of the club went through for the Cryne family. There are debtors relating to the remaining instalments of the purchase fee (note debtors over 1 year and within, the instalments are £1m a year it would appear.

    So yes, it was the vehicle for holding the 50% stake of the ground, but its also the Cryne vehicle for receiving the instalments for their shareholding.
     
    DannyWilsonLovechild, Aug 18, 2020
    #39
  20. Nardiello

    Nardiello Well-Known Member

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    Odd one - Dane was talking up James Cryne in an interview a few weeks ago!

    This is quite concerning though - need Doug O'Kane and Giddings to ask some questions
     
    Nardiello, Aug 18, 2020
    #40
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