So Maurice has stood down

[SBRed48]

Last I knew he was underwriting the clubs £2 mill overdraft and had "loans" to the club standing at £6 million. I can't recall the club having paid these back. I don't have access to the club's accounts so I can't give a figure on what would be left. Do you know what the present bank balance is?

The 20% model is one he uses at Nice. He focusses on the real estate profit side while the 20% share focusses on the "football" side of things.

[Exiletyke]

I think your info is a tad outdated
Just Google BFC accounts at Companies House & let me know what you think

"Do you know what the present bank balance is?" [/quote]


My point exactly SB

Just remember these are all business men just that some are foreign & have more wonga than others but all business men nevertheless

[EastStandRed]

According to ESR [afew days ago] he's already had back what he's put in
So back to my question how much do you reckon he will leave in the bank
Bear in mind he's keeping a 20% share in the club as well so I understand
I suppose Maurice will have had a golden handshake as is customary in these circles

Did I

[POGGYWELL]

Did I

No unless I missed something.

[DOOALI]

I'll wait until everything is done and dusted then we'll know what's going to happen everybody is just speculating what they want they could be a lot of people who get let down with the final outcome

[6ozDave]

Can't understand all this about 'real estate' interests of Messrs Lee and Conway???
Does anyone honestly think multimillion/billionaires are interested in the value of the land oakwell is built on rather than the income generating possibilities of a promising 'in-the-black' (or thereabouts) football club?
It's S70 not Kensington. Or Nice for that matter.

[DOOALI]

Still plenty of coal underneath S70

[upthecolliers]

How much do you reckon PC will leave in the bank as working capital SB?

He'll leave what every other bloke would leave just enough for Baz a packet of biscuits.

[SBRed48]

I think your info is a tad outdated
Just Google BFC accounts at Companies House & let me know what you think

"Do you know what the present bank balance is?"

Av tried to understand these company accounts befooar Ziles and they flummoxed me. Too many credits and debits and when tha thinks thaz cracked it tha finds its the other way round or the transfer income doesn't match the financial year or its staged or the League hasn't paid this or that yet. If tha can tell me the bottom line then please tell me.

Here is my guess as to what might be gooin on--

Mister Lee willing to pay £40 million for BFC

Cryne willing to use the £8 million he is
owed (see previous post) and write it off in return fo 20% of shares (£8 mill being 20% of £40 mill). Cryne then owns 20% of a company that could make fantastic profits from land deals or Premiership income and he gets 20% of that profit. On the other hand it could go t1ts up and he owns 20% of nothing or even worse is responsible for 20% of the debts. That's the risk these guys take.

Mister Lee pays Barnsley Council the 50% of the part of Oakwell they own (its not all the stadium and land), say £17 million leaving abart £15 million in Lee Oakwell Holdings to spend.

Mister Lee rents land in Dearne Valley and mortgages the building of a Keepmoat style stadium there

The former stadium and land is now available to sell. Land is priced largely on its location and what tha can get permission to build on it. Despite what tha sez Dave that 31 acres is worth a lot to supermarket owners and housing developers. Americans call it real estate.
Tidy profit there for Mister Lee (and Patrick Cryne Ziles) if it comes off.

That's wor aar thinks gooina happen. A cud be reyt, a cud be wrong but I hope our football club survives this venture capitalist ride.

[6ozDave]

I hear what you're saying SB.
B&q and land at stairfoot sold for £10m.
It's got the access infrastructure.
Oakwell for a commercial or even residential development is pants access-wise.