I COULD HAVE PLAYED FOR LATICS
An Internet auction was held to allow two Athletic fans to bid to play a half game each. A huge thank you has to go out to Mrs. Chairman who graciously offered to forfeit a three week holiday in England to allow the Chairman to realise a boyhood ambition. Another thank you goes out to my personal travel agent who managed to swing a couple of rush tickets to Manchester to enable the Chairman to play in the game.
My maximum bid of £1,000 was tendered on the last day of bidding but unfortunately a winning bid of £1,550 for each half was the final bid and I lost out at the last minute. As a consolation I had to spend three weeks in Jolly Olde England. Oh Well!!!!
Monday went by, and the wife didn't see her husband. Tuesday and Wednesday went by and she still didn't see him. Come Thursday, the swelling went down a bit and she could see him a little out of the corner of her left eye...........
The 'Real' Chairman (no relationship to Chris Moore) has to report the full extent of Chris Moore’s reign of terror. It can now be revealed that the club's losses have trebled to almost £3million a year during his time at Boundary Park. The main reason for the losses were the large playing contracts which Mr. Moore initiated. The existing contracted players are still earning an average weekly wage of over £1,400, excluding pension contributions, and appearance money this season is set at £230 per man per match. PFK, the administrators working at Boundary Park, admit that the Latics are “manifestly insolvent” even though Mr. Moore wrote off loans of over £4 million. If Athletic survive the next few weeks and a new company is formed it would still mean an end to the name of Oldham Athletic as any new club would have to operate under a new name.
Finding investors will not be an easy task as assumptions for the next three years would include: An average home crowd of 5,800; Athletic will be knocked out of every cup competition in the first round; Athletic will stay at Boundary Park with a rent of £20,000 per month; Bonuses for players and coaching staff will total around £70,000 each season; New players player signed after this season will earn £500 per week or less.
The new company will be able to renegotiate wages, appearance money and bonuses but the players and the PFA would have to agree. The new company would also have to pay bills on a monthly basis to avoid debts mounting. Another major decision would be whether to honour existing season tickets. Common sense suggests that they should be honoured but since when did common sense enter our beautiful game?
Athletic’s first target will be to raise £500,000 by Monday and then they need to find another £700,000 to satisfy the football creditors. Other creditors will lose out whatever happens. It would be interesting to find out about the famous ‘black hole’ which accounted for the loss of substantial funds including the ‘Sponsor a Seat’ money so generously donated by many Latics fans (the Chairman sponsored three seats) and the infamous Starline Lottery . It’s time for football to take stock. Athletic are just the tip of the iceberg and should they go under just watch the domino effect which will begin. Banks are currently afraid of being the ‘first one’ to close a football club but should Oldham be the first, the other clubs in danger should start to sweat. It will be an interesting few weeks!
Athletic’s game at Hartlepool tomorrow could be their final league game as the club has to raise £500,000 by Monday to survive. If they fail to reach the target, league officials can suspend the club from continuing their season. Jon Newell, Athletic’s administrator, said, “The league have been known to give other clubs second chances so, if necessary, we would hope for similar treatment. At the same time, it’s vital we show them how much funding might be available – the more expressions of interest the better. We’ve had enquiries, but nobody has come back with anything concrete, which I must say is worrying. Over the next 48 hours we will contact everyone who has shown an interest and ask if there’s anything we can do to help them reach a decision.”
"You must be in Information Technology," said the balloonist. "I am," replied the woman, "How did you know?” "Well," answered the balloonist, "everything you told me is, technically correct, but I've no idea what to make of your information, and the fact is I'm still lost. Frankly, you've not been much help at all. If anything, you've delayed my trip."
The woman below responded, "You must be in Management.""I am," replied the balloonist, "but how did you know?" "Well," said the woman, "you don't know where you are or where you're going. You have risen to where you are, due to a large quantity of hot air. You made a promise, which you've no idea how to keep, and you expect people beneath you to solve your problems. The fact is you are in exactly the same position you were in before we met, but now, somehow, it's my fault."
And finally......If the professor on Gilligan's Island can make a radio out of a coconut, why can't he fix a hole in a boat?