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Oldham Athletic face administration as Boundary Park leaseholder Blitz demands £570k from owner Lamsagam

, Oldham Athletic face administration as Boundary Park leaseholder Blitz demands £570k from owner Lamsagam

SIMON BLITZ challenged Oldham owner Abdallah Lemsagam to show him the money with the club’s future at stake.

Unless controversial owner Lemsagam comes up with £570,000, the League Two Latics are likely to be put into administration by former director Blitz.

Simon Blitz was Oldham Athletic chairman between 2003 and 2010 – and will take a hit to keep the Latics alive
, Oldham Athletic face administration as Boundary Park leaseholder Blitz demands £570k from owner Lamsagam
Blitz is leaseholder of Boundary Park

Lemsagam also spent yesterday in talks with Blitz in a bid to buy the stadium’s leasehold which cost the New York-based tycoon and his company Brass Bank £4.6million in 2004.

Blitz told SunSport he would be prepared to sell to Lemsagam for a price understood to be around £6m, including the new North Stand which has been at the centre of the financial row.

But first he wants to see if the Moroccan, who bought the Latics for £1 from Simon Corney in January 2018, can stump up the money owed to him.

The case is due to go before the Court of Civil Justice in Manchester today and Blitz said: “A deal has been agreed in principle to sell Mr Lemsagam all four stands and the ground.

, Oldham Athletic face administration as Boundary Park leaseholder Blitz demands £570k from owner Lamsagam
Controversial owner Abdallah Lemsagam hired Paul Scholes as manager last year

“It’s not for me to judge but first I have to see if he pays off the debt in regards to the action of taking over administration.”

The hearing is likely to be adjourned.

Lemsagam, who has paid off £70,000 in HMRC debts, will have to prove to Blitz within a month that he has the money to buy the ground that currently costs him £10,000 a month to rent.

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