Oxford MailSo quiet as Oxford United return to training (From Oxford Mail)

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  • "
    Manor Born wrote:
    For any transfer of ownership of the club to be successful it has to include ownership of the stadium or we will be no better off than we have been under IL's stewardship.

    Up until the managerial debacle in January, it can be argued that IL did a reasonably good job. Since then, the situation at the club has gone from ok to a catastrophe in waiting. poor decisions have been made regarding the club' future and it's existence not only as a football league club, but as a club itself.

    The worry is can the club & stadium be purchased by whoever comes in? FK once again has the cards in his hand stacked in his favour. Quite frankly we are running out of time. The season is rapidly approaching and serious damage is being done to our prospects for the league campaign. We have a threadbare squad significantly weaker than last season, have seen players in key positions depart but with no notable replacements for them.

    The club owes the Lenegan's a huge sum of money and he has always been keen to let people know that it was "Lenegan money" funding it. The club has no assets apart from a few players who if sold would raise barely a tenth of the debt. Without backing we are basically insolvent and heading for an almighty fall. It would seem IL is no longer willing to carry the burden of these losses and wants out, but he'll only go if he can get back what he has invested. Any new owners coming in will have to shoulder that debt and so the vicious circle will continue.

    As things stand and even if new owners came forward but can't get the stadium, it really is hard to see beyond a season of struggle and probable relegation at the end of it.

    All we ask for is a bit of long overdue honesty. The silence from the Lenegan camp is deafening. Supporters are becoming more and more disillusioned by the lack of anything going on and any hope for the season ahead has all but vanished before a pre-season ball has been struck.
    Spot on !!

    Someone with a sense of reality.....

    Its no good moaning about GW, he is doing what he can in an extremely difficult and practically impossible situation. I for one applaud him for that, at least he took the job when others turned it down, hence the delay OUFC made in appointing someone.

    The only way forward is for new owners to come and save the club, IL has made it clear he will not invest any further, the club has no assets and in reality close to insolvency.

    Can you imagine any other football club in this situation where the silence
    from the boardroom is alarming.

    I'm truly concerned that the end game is very close for OUFC at the
    moment"
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So quiet as Oxford United return to training

Oxford Mail: New signing Danny Hylton on the first day of pre-season training with Oxford United New signing Danny Hylton on the first day of pre-season training with Oxford United

GARY Waddock’s search for new players continues, but as Oxford United returned for pre-season training yesterday, the head coach admitted no signings were imminent.

The squad underwent a variety of tests at the training ground to assess their fitness after the summer break.

It took place against a backdrop of speculation concerning ownership of the club, with groups headed by Mark Ashton and Charlie Methven understood to be interested in taking over from owner Ian Lenagan.

Striker Danny Hylton was the only new face on view and some supporters have questioned whether the uncertainty surrounding United is linked with a very quiet summer which has yielded just one signing.

While Waddock stressed the hard work behind the scenes to strengthen the squad continues, there is little prospect of deals in the next couple of days.

He said: “I would like to say we’ve got another x-amount of players coming in, that isn’t the case at the moment.

“We’re looking, we’ve got a group of players here we’re going to work with and we’ve got a young group of players coming through the system.”

Waddock was reluctant to get drawn into any discussion about boardroom matters as he focused on buiding for the new season.

He said: “It’s got nothing to do with me, I’m employed here to be head coach. What goes on above, I can’t pass comment on that.”

Lenagan remained unavailable for comment yesterday, with the club’s supporters’ trust calling for transparency from all interested parties over their plans for the stadium.

Last year, OxVox won a landmark case which made the Kassam Stadium an Asset of Community Value, giving them the right to activate a six-month moratorium to put together a rival bid if an offer was submitted.

If a bid is accepted on the Kassam Stadium, the right to bid is triggered.

The OxVox committee would then seek to get information from the bidding party and make a recommendation to members on whether to remove or activate the right to bid.

While no such move has been made so far, it is felt anyone looking to take over would also look to strike a deal for the ground, which is the key asset.

Mark Sennett, OxVox chairman, is keen to ensure if it happens, the club are the ones to benefit.

He said: “We would support as a committee any bid for Oxford United to own the asset and for it to be beneficial, but we can’t do that if we don’t know what the aims are.

"The committee could only support a bid if Oxford United owner the stadium not a subsidiary company as the club's long-term future relies on it having the asset in its name and benefiting from the revenues.

“If a new owner wanted the stadium ownership put in a subsidiary company then this might offer short term gains of no rent, or extra revenues.

“But this situation could change down the line at the whim of that owner.

“The only way for the club to truly come together with the stadium is for Oxford United to own it.

"It is in that situation, or at the very least the stadium being held in a trust for the club, that we would advise members to remove the right to bid."

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