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Post by John Lennon on Jul 22, 2010 10:00:45 GMT
How much would he sell te club for? As he has stopped putting money in, and isnt owed a vast amount in loans, i question whether we would be better off without him as we have Kelvin Thomas, and other decent people at the football club now. If Someone else owned the club (Someone who had the interests of the club at heart, and not an outsider) would Oxford United be better off?
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Post by Simon Lill on Jul 22, 2010 10:16:50 GMT
How much would he sell te club for? As he has stopped putting money in, and isnt owed a vast amount in loans, i question whether we would be better off without him as we have Kelvin Thomas, and other decent people at the football club now. If Someone else owned the club (Someone who had the interests of the club at heart, and not an outsider) would Oxford United be better off? The question is, does such a person exist?
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Post by mcf86 on Jul 22, 2010 10:59:59 GMT
How much would he sell te club for? As he has stopped putting money in, and isnt owed a vast amount in loans, i question whether we would be better off without him as we have Kelvin Thomas, and other decent people at the football club now. If Someone else owned the club (Someone who had the interests of the club at heart, and not an outsider) would Oxford United be better off? You reckon £3M isn't a 'Vast amount'? You loaded? I think IL would find being called an 'Outsider' and it suggested we might be better off without him very insulting and hurtful. IL is one of the main reasons we have a Club left to support!! Why are you questioning him now? He's recently committed himself to the Club, gets on famously with KT and CW and seems altogether happy to continue to back OUFC- so what's the problem?
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Post by John Lennon on Jul 22, 2010 11:08:29 GMT
How much would he sell te club for? As he has stopped putting money in, and isnt owed a vast amount in loans, i question whether we would be better off without him as we have Kelvin Thomas, and other decent people at the football club now. If Someone else owned the club (Someone who had the interests of the club at heart, and not an outsider) would Oxford United be better off? You reckon £3M isn't a 'Vast amount'? You loaded? I think IL would find being called an 'Outsider' and it suggested we might be better off without him very insulting and hurtful. IL is one of the main reasons we have a Club left to support!! Why are you questioning him now? He's recently committed himself to the Club, gets on famously with KT and CW and seems altogether happy to continue to back OUFC- so what's the problem? It was just a question that i wondered what people thought. I am grateful for what Lenegan has done, but wasnt aware of the £3 million figure. I just wondered what people thought, thats all. Certainly wasnt trying to suggest Lenegan needs to go
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Post by SuperOx on Jul 22, 2010 13:33:16 GMT
We must thank the Lenagans for providing the dough to buy out FK. The amount to repay FK's loan to the club was £2m plus they paid the legal fees of £250k when the takeover was completed in March 2006.
In April 2007 Ian Lenagan committed another £750k to fund the club's budgeted losses for the next three seasons - but under Merry's 'stewardship' the club racked up a loss of more than £750k in one season.
Basically the Lenagans 'fronted up' to the tune of £2.25m and Merry put in the best part of £61k. Merry is now rumoured to be on the brink of penuary.
In my opinion the Lenagans are right to ensure the club can wash its own face financially. Anymore cash they inject simply increases the clubs debts. For the first time in a long while, the club is increasing its turnover, paying its debts and is making trading profits which means we can pay some debt off this year.
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Post by Mark Sennett on Jul 22, 2010 14:13:46 GMT
Who is Mr Lenegan?
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Post by SuperOx on Jul 22, 2010 14:19:48 GMT
He's that fella from Emmerdale, no?
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Post by oufc1975 on Jul 22, 2010 23:57:06 GMT
Apparently Lenegan owed £2.9 million Merry put in £500,000 is rumour, to answer original question if the answer is at £3 million there is someone interested at that figure who fits the description and has the funding, some people at the club are aware I believe!!
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Post by eaststandboy (old) on Jul 23, 2010 10:46:41 GMT
I admire Mr Lenegan, he is a very honest man. He admitted to us that rugby is his passion, but he is committed to OUFC and his sons are mad football fans. I can see him handing the club over to one of them, if they are still involved in the next 5 years.
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Post by Grampsioli.... on Jul 23, 2010 10:55:23 GMT
Apparently Lenegan owed £2.9 million Merry put in £500,000 is rumour, to answer original question if the answer is at £3 million there is someone interested at that figure who fits the description and has the funding, some people at the club are aware I believe!! c'mon then give us a clue?
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Post by oufc1975 on Jul 23, 2010 11:11:01 GMT
What would you like to know - I am sure quite a few people know who it is!
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Post by truefan on Jul 23, 2010 21:33:38 GMT
the problem is lenagan is over valuating the club, he wants way more than its worth. i hope the potential buyers can do something and soon!
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Post by headlesspnub on Jul 24, 2010 9:15:15 GMT
I don't understand why, when the club is successful and solvent for the first time in years, do people what to change things? Change is not always for the better, there are no guarantees that anyone else coming in would run the club as well no matter what their passion was.
Is it that we are so used to things going wrong we can't just sit and enjoy a slightly successful period? I'd rather be in our position than someone like Crawley's anyway!
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Post by 'Beav' on Jul 25, 2010 18:31:03 GMT
the problem is lenagan is over valuating the club, he wants way more than its worth. i hope the potential buyers can do something and soon! TrueFan! You've arrived. Gossip! Give it! Go! (and make a thread about everything you haven't told us)
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Post by edgecam on Jul 25, 2010 20:35:20 GMT
the problem is lenagan is over valuating the club, he wants way more than its worth. i hope the potential buyers can do something and soon! Do you know something? It’s very sad if your message is your view and you have not stated this, as you have expressed it as facts. If you know something tell, I won’t tell anyone, promise.
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Post by slappy on Jul 25, 2010 21:49:19 GMT
So were those loans (ie the 400K from fans) volunteered to the club, or did the club ask for them?
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Post by truefan on Jul 26, 2010 9:41:16 GMT
it is not based on my own opinion!
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Post by oufc1975 on Jul 26, 2010 19:31:58 GMT
Kelvin had to ask for the money as when he approached Ian Lenegan he would not provide the money and therefore Kelvin then had to ask around. He was not happy at doing this but had no choice. The fan in question helped because it was over crucial things. The money was lent on a few seperate occasions firstly to buy Constable the last substantial payment as the season came to its conclusion to make players wages paymentsand without this and IL's refusal to put anymore money in the fan inquestion thought it would result in our seson blowing up in our face and we would not get promoted and all the things the came with it. That is 100% fact, if anyone is in any doubt then just ask KT when the majority of the loan was received and what it was for, it is all in the books.
The answer, if honest will confirm this and then read between the lines guys, we have an owner unwilling to commit funds at such a crucial time! Why therefore is he hanging around if he has had offers? Is it because like Kassam he feels that the stadium can present him with a payday, will he buy the stadium and make sure the club benefits or himself? Try and find the facts out and ask some direct questions to our owners and if genuine they will have no problem answering them.
I have a feel the stadium deal if it ever happens will be of more benefit to IL than OUFC based on what I have been told!
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Post by Londonroader on Jul 26, 2010 19:57:39 GMT
Kelvin had to ask for the money as when he approached Ian Lenegan he would not provide the money and therefore Kelvin then had to ask around. He was not happy at doing this but had no choice. The fan in question helped because it was over crucial things. The money was lent on a few seperate occasions firstly to buy Constable the last substantial payment as the season came to its conclusion to make players wages paymentsand without this and IL's refusal to put anymore money in the fan inquestion thought it would result in our seson blowing up in our face and we would not get promoted and all the things the came with it. That is 100% fact, if anyone is in any doubt then just ask KT when the majority of the loan was received and what it was for, it is all in the books. The answer, if honest will confirm this and then read between the lines guys, we have an owner unwilling to commit funds at such a crucial time! Why therefore is he hanging around if he has had offers? Is it because like Kassam he feels that the stadium can present him with a payday, will he buy the stadium and make sure the club benefits or himself? Try and find the facts out and ask some direct questions to our owners and if genuine they will have no problem answering them. I have a feel the stadium deal if it ever happens will be of more benefit to IL than OUFC based on what I have been told! I like your candor and I'm on your side, but you don't have to say all this just because a few posters ask, I do appreciate your reasons but you could be putting KT in an uncomfortable position.
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Post by Potters Right Boot on Jul 26, 2010 20:03:27 GMT
Another fellow 'in the know' not doing the club or supporters any favours. In my opinion.
Friend of Kelvin are you? Don't think so, not after this post.
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