Oldham Athletic avoid administration.
Date published: 06 March 2020
Oldham Athletic
Oldham Athletic avoided administration today after the court granted a six week adjournment.
The Administration Order had been brought by the owners of Boundary Park, Brassbank, over unpaid debts amounting to almost £600,000.
However, with news of a deal being struck between Brassbank and the clubs owner, Abdallah Lemsagam an adjournment of six weeks was granted as both sides look to continue talks to complete a deal.
It is believe Mr Lemsagam has made an offer of £6.5m to buy Boundary Park from Brassbank which has been accepted by Simon Blitz, Brassbank owner and former Latics owner.
Talks to finalise a deal are now set to continue.
Oldham Athletic avoided administration today after the court granted a six week adjournment.
The Administration Order had been brought by the owners of Boundary Park, Brassbank, over unpaid debts amounting to almost £600,000.
However, with news of a deal being struck between Brassbank and the clubs owner, Abdallah Lemsagam an adjournment of six weeks was granted as both sides look to continue talks to complete a deal.
It is believe Mr Lemsagam has made an offer of £6.5m to buy Boundary Park from Brassbank which has been accepted by Simon Blitz, Brassbank owner and former Latics owner.
Talks to finalise a deal are now set to continue.
Do you have a story for us? Want to tell us about something going on in and around Oldham? Let us know by emailing news@oldham-chronicle.co.uk , calling our Oldham-based newsroom on 0161 633 2121 , tweeting us @oldhamchronicle or messaging us through our Facebook page. All contact will be treated in confidence.
Most Viewed News Stories
- 1Two Oldham students study at both Oxford AND Cambridge
- 2No trams to run between Oldham and Rochdale on Sunday
- 3New football pitch and cricket nets to be built inside glass makers factory
- 4Head confident that Saddleworth School is still 'heading in the right direction' despite 'Requires...
- 5HSBC bank branch in Oldham temporarily closes for a month