Announcement part deux

[ELM]

I can't find any trace of this sponsor on the internet, though. Does it really exist?
There's a cake decorating company and something based in Dubai, but I can't find an Ateco either doing fire equipment or based in Sweden.
If it does exist, it must be tiny to have no web presence at all.

[ELM]

Sorry, I found it now! www.ateco.se. Sorry to be so suspicious!

[ITK]

Yes, they are based in Europe, and Middle East aswell, and America. I have seen the fire alarms, very good product.

[hedges]

Got to give Mr G his due....if nothing else he is a bloody good BullSh*tter!

[Deleted]

Jun 19, 2013 12:34:27 GMT hedges said:

Got to give Mr G his due....if nothing else he is a bloody good BullSh*tter!

You watch he'll have Rupert Murdoch signed up next from his visit down under

[ELM]

ITK - if they were based in America and the Middle East, I would expect their website to be available in some language other than Swedish! Nice try, Thomas!
Google Translate informs me that they have been around since 2004, not the 50 years claimed in the press release.
I've got no problem with them only being around for 9 years, but why lie about it?

[ITK]

I am not himself don't be silly, I will continue to put up all info I can, most of it certainly has not been pro T.A.G.
The middle east website IMO is the same company, Sven Hall managing director. If I am wrong then I am sorry.
Like yourself I make mistakes. I know someone who has this make of fire alarm and its worked and continues to work.
So they do make products, 7 years no Idea 50 years where did I say it was all kosher, didnt .

[DavidJ]

Are you saying that www.ateco.se is the same company as www.atecouae.com/index.php or are you looking at a different site in the middle east? The logos are different but if Mr Hall is director of the latter then I suppose they must be the same.

There appear to be a lot of companies called Ateco around the world, but they don't seem to be to do with security/fire protection apart from the UAE one, which to me looks a much bigger company than the Swedish one. The Swedish company is based in a shopping centre in Jonkoping (put Kämpevägen 17 553 02 Jönköping into Google maps and see), so to me it looks a like a small local Swedish company. If I am right it is odd that a small Swedish business would want to sponsor us rather than a local Swedish team. Can you actually buy their products here, for instance?

You can see their accounts here www.foretagsfakta.se/J%C3%B6nk%C3%B6ping/Ateco/949813 using the 'finansiell info' tab but it is in Swedish (obviously). I have found out that TKR means thousands of Kronor (10 Kr is about £1), so their turnover (omsättning) last year was about £500,000 and net income (Årets resultat) was about £64,000. Those of you with accountancy knowledge can stick the rest into Google translate and see what you make of it.

Assuming they do not have subsidiaries around the world with bigger turnovers etc (and I can't find them) then they do not really meet Mr Guerriero's description of them (unsurpisingly). However, they are only sponsoring us, so it is no big deal, but I can't imagine they can afford to pay a large amount - nowhere near what Mr G was looking for on his website, anyway.

[ITK]

Good this is all I want, let's look at the facts, can we get local media to check these valid points out.
David, I just want he truth but won't bother posting anymore if it upsets the trend...........

[ITK]

No I stand corrected ,just found out Ateco Se and Ateco uae , are two different companies .
Se specialises in Fire Alarms ,Uae in Security systems . Confusing you think there would be some sort of
Problem over international company naming writes .

[ITK]

This is also very confusing, very similar logo but based in Turkey??
atecoseal.com/#

[ITK]

David, from the look of it, its a small firm how my friend got an ateco fire alarm I have no idea but the instructions are in English so they do sell over here. But it does not look huge turnover , and 50 years experience internationally could mean Sven was wandering around for 30 years thinking about fire alarms I have no Idea but your right 500k. Turnover is not .
Big, small firm can find no links between company's I have mentioned ,but the wording in Mr Gs press releases one could easily get mixed up, who knows that could be coincedence or on purpose ..

[Wallop]

Has TG stated how much they are sponsoring the shirts for?  If as suggested earlier in this thread the company's net profits are £64k per annum, then I wonder how much we are getting in terms of sponsorship?  I'm not seeking to knock the deal but it's one thing to announce a sponsor, quite another to declare how much the deal means for the club and I mean the club (has TG taken a share of the amount?).

[Bookman]

Not much point in expecting any hard facts in TG's press statements, as WMX Group shareholders could tell you. Interesting how the Swede's alleged words sound just like one of TG's speeches. Perhaps something was lost in translation. Maybe they ride the same brand of scooter.

[ELM]

I guess it doesn't matter if they are only giving us 200 Krona, if the publicity encourages other sponsors to come forward.
There's nothing wrong with a bit of bullsh*t, but I share Wallop's concerns about how much of any sponsorship money the club will actually see.

[wallop]

Jun 21, 2013 8:32:27 GMT ELM said:

I guess it doesn't matter if they are onl
y giving us 200 Krona, if the publicity encourages other sponsors to come forward.
There's nothing wrong with a bit of bullsh*t, but I share Wallop's concerns about how much of any sponsorship money the club will actually see.

Disagree, they are taking the primary sponsorship opportunity (company name on shirts) and so they should be paying a suitable amount for this because it has removed the opportunity for others to do so.

It's a simple question, how much are they paying for this and how much of this will the club actually be able to put towards its running costs?  Does anyone at the club know? Does anyone apart from TG know?  If not, that is concerning.

[Bookman]

Well, let's hope to goodness that it is not another share exchange deal.

[ELM]

Sorry, I hadn't registered that they were THE major sponsor. I thought they were just A major sponsor.
In the same way that TAG is not THE owner of that basketball team, but just a minority owner.

[ITK]

Latest press release from sponsorship website facebook link. announcing scheduale international meetings coming to Oxford! www.benzinga.com/pressreleases/13/06/p3695460/oxford-city-fc-otcqb-wmxg-announces-their-off-season-international-exec

[Tommy]

Many things have now been changed on the .com website, was it pressure from here, or other sites not sure, but all is now
Negotiable, Can't see the academy part being changed either, sure if people make there way over from abroad and pay for accomodation probably get a better deal, but they don't know that.

[Bookman]

biz.yahoo.com/e/130515/wmxg10-q.html

Gives a clear statement of WMX Group's current financial standing.

[ITK]

I'd say this time next year they are expecting all this promoting to yeald dividends, it it doesn't and he goes insolvent
Where does that leave city ? Or has he got a bundle in an off shore bank account to inject in ?
And the over 1 million dollars parties ? Does that mean given to OCFC related parties ? Or was it an almighty piss up !

[Bob Scholes]

This situation to the average city fan (me), seems to get more alarming as we read more and more.

Surely to goodness City Officials should come out and make a clear statement as to the whys and wherefores of this situation.

Continued silence would be the height of folly imho.

[Bob Scholes]

This situation to the average city fan (me), seems to get more alarming as we read more and more.



Surely to goodness City Officials should come out and make a clear statement as to the whys and wherefores of this situation.



Continued silence would be the height of folly imho.

[ITK]

Well between 4th July to the 7th he is in oxford, it did say in that over the top video that's been removed
Something about a supporters meeting, what a good Idea "Meet the President" name the place I'll be there.
It would put an end to this constant speculation if he would kindly take time to address the fans at a meeting and explain
About the share exchange. And what happens if the expected income is not reached.
How is Oxford City F C affected ?

[ELM]

Yes, ITK, good idea.
In fact, the press release says 4th to the 9th, so our new president should definitely be able to find time to meet the fans.
www.prweb.com/releases/2013/6/prweb10857436.htm

[jet]

These bits are a worry.


"As of March 31, 2013, we have insufficient cash to operate our business at the current level for the next twelve months and insufficient cash to achieve our business goals. The success of our business plan beyond the next 12 months is contingent upon us obtaining additional financing. We intend to fund operations through debt and/or equity financing arrangements, which may be insufficient to fund our capital expenditures, working capital, or other cash requirements. We do not have any formal commitments or arrangements for the sales of stock or the advancement or loan of funds at this time. There can be no assurance that such additional financing will be available to us on acceptable terms, or at all."


"The ability to successfully resolve these factors raise substantial doubt about our ability to continue as a going concern. "

[Steve Bateman (not STFC!)]

My worry is that any debt will be transferred into our name, and that if it is substantial we will end up picking up the tab when this charlatan leaves.

If Gloucester City are worried about a 75k debt which could affect their future, God only knows what debt could be heaped upon OCFC.

Brian Cox needs to come forward and explain a few things to put fans minds at rest. I am sure he has the best interests of the club at heart, but I fear he's been taken in by the charm and spin of Thomas Guerrero.

I would urge ALL fans to watch the video linked below - it's about what happened at Newport County in the late 80s. Do WE want to go the same way that they did and undo all the good work put in place previously?

[ITK]

Yes, have watched that before, there are differences .Newport were in serious financial difficulties when he took over .
His company took over 100% totally owning the club . My first question at any fans meeting would be in the case of WMX
going insolvent , what you are saying could any of the debt incurred be passed over to City , in other words with WMX
having 49% share in OCFC charitable company would that be included in any winding up order ?
Appart from that its very similar .

[Ash]

They own 49% of the trading company, not the charity.