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The Dale Sold

ArthurDaley

By ArthurDaley
in Rochdale Hornets

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HornyHornyHorneeet

HornyHornyHorneeet

Posted
Posted (edited)
13 hours ago, ArthurDaley said:

Forum | World Soccer Holdings by AllBlueDale | RochdaleAFC.com (fansnetwork.co.uk)

 

As someone said , what does this mean for Hornets

Can only see this as a positive for Hornets as we have a long term lease agreement and the alternative to this would appear to be liquidation which would most likely be the end of RAFC and therefore the stadium and our our lease, rendering us homeless.

Hopefully good news for both clubs and sport as whole in Rochdale.

Edited by HornyHornyHorneeet
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Big Doug

Big Doug

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This has a long way to go yet. There are two paties whomhave submitted letters of intent to purchase. One being giving Excluseivity. THe Dale fans are very split on this and many are very unhappy with Simon Gague. It looks as though he is trying to railroad them towards the first purchaser. It could be that its the best one for the club but it could be the best one for him.  The trouble is that the clock is winding down very quickly and something needs to happen very soon or its liquidation.

:girlwerewolf:  :girldevil: 


 


I  HAVE NEVER GONE TO BED WITH AN UGLY WOMAN. BUT I HAVE WOKEN UP WITH A FEW


    

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glemiln

glemiln

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From the statement on the AFC forum:

“To allow us the necessary time, we are making sufficient funds available to the Club to enable it to operate for the next 30 days. By the expiry of that period, we plan to have completed our diligence and formulated and presented our offer such that, assuming it is acceptable to the Club, we can conclude an investment before the end of the season. 

We will use this period to actively engage with all stakeholders, including the town’s political figures, creditors and sponsors to ensure they are prepared to play their part in ensuring the survival of the club. This period will also be used to formulate our future plans for both First Team and Academy operations.

At this stage, we would like to set out the broad principles which will underpin our offer:

  1. Our sole short-term motivation is to ensure that the Club survives its current financial crisis and remains a going concern and a community asset with the interests of the community at heart;
  2. In the medium-term, our ambition is to assist the Club to become financially sustainable regardless of football success. We do not believe there is a silver bullet solution, but we hope our investment will give the Club the time (and resource) needed to properly explore the available options and then execute them as efficiently as possible;
  3. Our offer is not financially motivated. The shares we would acquire will be held in trust for the benefit of the Rochdale AFC Community Trust and our decisions will be made solely in the best interests of the Club and the community;
  4. We fully support the conclusions of the Fan Led Review – particularly in so far as they relate to governance and supporter engagement – and our offer will be consistent with their recommendations.”

 

 

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HornetsGrey

HornetsGrey

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The deal has been done and Rochdale born philanthropist Sir Peter and Lady Ogden have bought the new shares in the football club for £2m.   The shares will be held in Trust so that the club can't be sold to a businessman in the future.   They are also going to invest a similar sum in a new training facility to bring the main teams, the academy and the Dale Community Trust together onto a single site in the borough.   This protects the club and the stadium.  They are providing the Dale Trust with a golden share so that the name and ground cannot just be sold on.   Well done the Ogdens.  They are to invest in a Commercial Head to begin a programme of driving income up and boost attendances so that club is more sustainable.   Simon Gauge and Richard Knight, who between them have used their family's life savings of over £600k to keep the club afloat this year, will convert that stake into equity and remain in charge on the Board.   That leaves the £2m as investment rather than to repay directors loans.     This has to be good news for Hornets too and professional sport in the borough.   Lets cap this good news off with a win today 

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Tyrone Shoelaces

Tyrone Shoelaces

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Posted (edited)
11 hours ago, HornetsGrey said:

The deal has been done and Rochdale born philanthropist Sir Peter and Lady Ogden have bought the new shares in the football club for £2m.   The shares will be held in Trust so that the club can't be sold to a businessman in the future.   They are also going to invest a similar sum in a new training facility to bring the main teams, the academy and the Dale Community Trust together onto a single site in the borough.   This protects the club and the stadium.  They are providing the Dale Trust with a golden share so that the name and ground cannot just be sold on.   Well done the Ogdens.  They are to invest in a Commercial Head to begin a programme of driving income up and boost attendances so that club is more sustainable.   Simon Gauge and Richard Knight, who between them have used their family's life savings of over £600k to keep the club afloat this year, will convert that stake into equity and remain in charge on the Board.   That leaves the £2m as investment rather than to repay directors loans.     This has to be good news for Hornets too and professional sport in the borough.   Lets cap this good news off with a win today 

You need changes in the boardroom if the football club is ever to move forward. Otherwise it’s just money down the drain. But I suppose you already know that after the success story of the last three seasons.

Edited by Tyrone Shoelaces
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The Art of Hand and Foot

The Art of Hand and Foot

Posted
Posted (edited)
8 hours ago, Anita Bath said:

The ground is owned by Rochdale FC. All money raised from use of the pitch (Dale gates, Hornets lease payments) go to Dale. The largest shareholder is about to be a local billionaire allegedly. Why should the local taxpayers be coughing up for this? 

If its a billionaire then I guess you're right.  However, there is something cohesive about all three entities coming together in a joint enterprise. 

Edited by The Art of Hand and Foot
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