Rosenthal's Oxford United exit linked to request over loan (From Banbury Cake)
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Rosenthal's Oxford United exit linked to request over loan
10:00am Tuesday 2nd October 2012 in U's News
By David Pritchard, Chief Sports Reporter covering Oxford United. Follow us on twitter: @oxfordmailoufc. Call me on 01865 425458
Jim Rosenthal resigned from the U's board last month
ALMOST a month after Jim Rosenthal’s resignation from Oxford United’s board, the reasons behind the sudden move became clearer yesterday.
U’s chairman Ian Lenagan, who had not previously made any public comment about the exit, explained it was down to a £100,000 loan which the popular sports television presenter asked to be repaid.
Lenagan claimed he initially understood the investment, made by Rosenthal with an unnamed colleague in 2006, had been a personal loan to former chairman Nick Merry, which was then put into the club.
The initial request to reclaim the money was made in April, but with little progress made Rosenthal resigned publicly last month.
Lenagan said: “Once I had validated the legality of the loan, I tried for some months to persuade them to leave the £100,000 in the club, on the same terms as I was doing with my loans.
“But my delays and our inability to agree terms meant Jim and his colleague threatened, in writing, legal action against the club to have their loan repaid quickly.”
The money was finally paid in full last week, from new funds made available by the Lenagan family.
The U’s chairman now considers the matter to be closed.
When asked whether he could see Rosenthal, a long-term high-profile U’s supporter, having another role in the future, Lenagan said: “I think time has got to pass.
“Both of us are slightly bruised from what has happened.”
Comments(13)
BigOx22
says...
12:26pm Tue 2 Oct 12
AylesburyOx
says...
2:01pm Tue 2 Oct 12
Must win tonight but then all matches are 'must wins' and we'll take it from there.
Wonder where you lot will stand when Di Canio goes to Blackburn?
Beau champ mummy
says...
3:57pm Tue 2 Oct 12
Chish and Fips
says...
4:03pm Tue 2 Oct 12
AylesburyOx wrote:If it happens - it happens - we then get in another manager - that's life sometimes - we've done it before and succeeded, so where's your problem with that.
The internal fighting (at board level) is over (see other OM article) and the rebuilding has begun.
Must win tonight but then all matches are 'must wins' and we'll take it from there.
Wonder where you lot will stand when Di Canio goes to Blackburn?
Have a good week you lot.
Chish and Fips
says...
5:04pm Tue 2 Oct 12
BigOx22 wrote:The more you react the more it will happen - even if it does touch a nerve. Name calling doesn't help either.
Legob shut up and go and read your scum advertiser or does nothing interesting ever happen down the A420? All I ever see is your name and think will you just do one!
AylesburyOx
says...
5:05pm Tue 2 Oct 12
Chish and Fips wrote:Can have ours if you want?
AylesburyOx wrote:If it happens - it happens - we then get in another manager - that's life sometimes - we've done it before and succeeded, so where's your problem with that.
The internal fighting (at board level) is over (see other OM article) and the rebuilding has begun.
Must win tonight but then all matches are 'must wins' and we'll take it from there.
Wonder where you lot will stand when Di Canio goes to Blackburn?
Have a good week you lot.
jimbomcmucka
says...
5:12pm Tue 2 Oct 12
Beau champ mummy wrote:really?
Would rather rosenthal that this clown lenagan he is sucking the club dry
How can investing his own hard earned money possibly be seen as sucking the club dry? Now Kassam, he sucked the club dry.
Lennegan stated in his interview that he has invested a further £600,000+ recently, and paid off the loan to Jim Rosenthal out of his own money.
I think we need to count ourself lucky we have him as chairman, we would end up in administration without IL to pay off debt on our behalf.. And administration would guarentee relegation, a loss of practically all our players and a major steb backward, and downward.
Chish and Fips
says...
5:20pm Tue 2 Oct 12
AylesburyOx wrote:Thanks for the kind offer A Ox but will pass ....
Chish and Fips wrote:Can have ours if you want?
AylesburyOx wrote:If it happens - it happens - we then get in another manager - that's life sometimes - we've done it before and succeeded, so where's your problem with that.
The internal fighting (at board level) is over (see other OM article) and the rebuilding has begun.
Must win tonight but then all matches are 'must wins' and we'll take it from there.
Wonder where you lot will stand when Di Canio goes to Blackburn?
Have a good week you lot.
pop up pirate
says...
5:23pm Tue 2 Oct 12
jimbomcmucka wrote:As we know Beau CHUMP is a scummer but would love to be an Oxford fan. But like I said last time we DON'T want YOU. Why these lot keep coming on here I just don't know. otid
Beau champ mummy wrote:really?
Would rather rosenthal that this clown lenagan he is sucking the club dry
How can investing his own hard earned money possibly be seen as sucking the club dry? Now Kassam, he sucked the club dry.
Lennegan stated in his interview that he has invested a further £600,000+ recently, and paid off the loan to Jim Rosenthal out of his own money.
I think we need to count ourself lucky we have him as chairman, we would end up in administration without IL to pay off debt on our behalf.. And administration would guarentee relegation, a loss of practically all our players and a major steb backward, and downward.
dave from witney
says...
5:43pm Tue 2 Oct 12
pop up pirate wrote:Just remember that it was Beau champ mummy who last week was telling us that I.L. had ''applied'' for the job of Managing Director at half a dozen other clubs. Clearly not 100% all there, so your suggestion that he is in fact a scummer, certaily fits the bill. As has been said, you cannot fault the guy who has had to clear up Merry' mess including the service charge shortfall to Kassam that had built up. He has been dropped in at the deep end with Kelvin going. He puts the money in so we have to accept that he is taking the right decisions. He is hardly a novice at running a profesional sports team, is he?
jimbomcmucka wrote:As we know Beau CHUMP is a scummer but would love to be an Oxford fan. But like I said last time we DON'T want YOU. Why these lot keep coming on here I just don't know. otid
Beau champ mummy wrote:really?
Would rather rosenthal that this clown lenagan he is sucking the club dry
How can investing his own hard earned money possibly be seen as sucking the club dry? Now Kassam, he sucked the club dry.
Lennegan stated in his interview that he has invested a further £600,000+ recently, and paid off the loan to Jim Rosenthal out of his own money.
I think we need to count ourself lucky we have him as chairman, we would end up in administration without IL to pay off debt on our behalf.. And administration would guarentee relegation, a loss of practically all our players and a major steb backward, and downward.
Chish and Fips
says...
5:55pm Tue 2 Oct 12
dave from witney wrote:Bit slow you lot, he's been winding you lot up for weeks on here - wonder how long he could get away with it...
pop up pirate wrote:Just remember that it was Beau champ mummy who last week was telling us that I.L. had ''applied'' for the job of Managing Director at half a dozen other clubs. Clearly not 100% all there, so your suggestion that he is in fact a scummer, certaily fits the bill. As has been said, you cannot fault the guy who has had to clear up Merry' mess including the service charge shortfall to Kassam that had built up. He has been dropped in at the deep end with Kelvin going. He puts the money in so we have to accept that he is taking the right decisions. He is hardly a novice at running a profesional sports team, is he?
jimbomcmucka wrote:As we know Beau CHUMP is a scummer but would love to be an Oxford fan. But like I said last time we DON'T want YOU. Why these lot keep coming on here I just don't know. otid
Beau champ mummy wrote:really?
Would rather rosenthal that this clown lenagan he is sucking the club dry
How can investing his own hard earned money possibly be seen as sucking the club dry? Now Kassam, he sucked the club dry.
Lennegan stated in his interview that he has invested a further £600,000+ recently, and paid off the loan to Jim Rosenthal out of his own money.
I think we need to count ourself lucky we have him as chairman, we would end up in administration without IL to pay off debt on our behalf.. And administration would guarentee relegation, a loss of practically all our players and a major steb backward, and downward.
Have a good week you lot.
Beau champ mummy
says...
7:08pm Tue 2 Oct 12

LeGod says...
10:43am Tue 2 Oct 12