1641
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The Hotel End / Cobblers Corner / Re: Redevelopment Closer Than Ever?
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on: September 22, 2015, 17:38:29 pm
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Correction Everbrite, I have not perpetrated any rumours. What I have done through this site is ask questions, some of which were repeated by the Trust on its website. Yes, I am unashamedly highly critical of DC for the mess he has made of the redevelopment.
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1642
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The Hotel End / Cobblers Corner / Re: Redevelopment Closer Than Ever?
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on: September 22, 2015, 16:06:45 pm
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There is no reason or evidence to suggest that CW is unsettled so to that extent Everbrite is right. What I have failed to grasp or missed entirely is precisely what is Everbrite's take on the redevelopment.
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1645
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The Hotel End / Cobblers Corner / Re: Protest 2nd stage targeting the Council
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on: September 22, 2015, 12:11:31 pm
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Before moving to the next stage of protest I think it would be helpful for Andy Clarke to let supporters know if there was any further adverse information about which we are unaware that compelled him to resign. His statement is very diplomatic but may mask certain information.
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1648
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The Hotel End / Cobblers Corner / Re: Protest
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on: September 21, 2015, 12:22:41 pm
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So Everbrite self-appointed spokesman for the fans educate us please about the fans think about the redevelopment
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1649
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The Hotel End / Cobblers Corner / Re: Protest
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on: September 20, 2015, 15:23:53 pm
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So, by way of extension Marvo thinks the Trust is making a fool of itself?
if you are embarrassed by us who have been asking legitimate questions about the redevelopment issues then you always have the option of not posting on this site. Easy solution.
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1650
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The Hotel End / Cobblers Corner / Re: Redevelopment Closer Than Ever?
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on: September 20, 2015, 14:53:15 pm
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Not so Everbrite. The questions posed by myself and many others including, most important of all, the Trust are all valid & reasonable whatever happens with the takeover. A sale does not excuse the present owners from the mess that has been created. I am sure the buyers will expect the sellers to bear responsibility for their mistakes and this will be reflected in the sale price, the details of which we are unlikely to be told.
I very much hope the sale does happen and we can look forward to a better future on and off the pitch. We must not lose sight of the importance of the latter whatever our points of view on the current owners and their ability to be good custodians of our club.
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1651
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The Hotel End / Cobblers Corner / Re: Protest
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on: September 20, 2015, 14:43:20 pm
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Certainly, NBC has serious questions to answer concerning its monitoring of the loan but let me quote from the Loan agreement itself and specifically clause 3.1:
"The Borrower shall use all money borrowed under this agreement for the redevelopment and improvements to Sixfields Stadium (excluding the development of and any preliminary works required for the development of hotel accommodation at the Mortgaged Property), Northampton."
I think it is clear that the loan drawn-down was paid to 1st Land Ltd and that company paid A & D Cardoza £2.65 million as a "loan" (Grossman's version) or as a "joint venture fee" (the Cardozas' version). So it seems to me to be a perfectly valid question to ask both as a tax payer as well as a supporter how does the £2.65 million payment equate to using the money borrowed for the redevelopment and improvements to the stadium? That is one really for NBC to consider but I think that their interpretation would not be the same as the borrower's.
And just to add the borrower is NTFC Ltd not the Cardozas as Marvo seems to think. NTFC Ltd will be here long after the Cardozas have gone but if the sale does not go through NTFC Ltd is going to be in a very difficult place. As to why we are possibly going to find the club in this situation the likes of Marvo seem to be in denial about.
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1652
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The Hotel End / Cobblers Corner / Re: Protest
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on: September 20, 2015, 13:29:43 pm
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Devon, with respect, I think you are behind the pace on this matter. I was one of several who, on DC's invitation, posted questions on this site many weeks ago for his reply. My questions covered all the issues I have raised on this site and others posted equally reasonable questions. DC has chosen not to reply to any of the questions and from that silence it is difficult not to draw anything other than negative conclusions.
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1653
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The Hotel End / Cobblers Corner / Re: Protest
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on: September 20, 2015, 12:53:58 pm
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Devon Cobbler, I would dispute the setting up of 1st land as not being unusual. So you appoint a £100 company with 1 director and 1 shareholder (Howard Grossman) to be the main contractors for a £10 million + building contract and then apparently credit that company's bank account with the loan advanced to NTFC? This makes sound commercial and legal sense? Why did NTFC Ltd not appoint Buckingham Group direct as NTFC is the client and the party to whom NBC made a loan specifically for this purpose? Personally, I wouldn't appoint a company like 1st Land to construct a conservatory let alone a football stadium. Then you have to consider the relationships between the individuals involved and what may be the underlying deals. We know about the £2.65m "joint venture fee" which Grossman claimed was a loan so even on this issue there appears to be confusion and dispute between the main players as to what was agreed or not at that time. And then there is the issue of whether or not conflicts of issue arise from the Cardozas' interests in County Developments Northampton Ltd given their existing and long standing directorships of NTFC Ltd.
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1654
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The Hotel End / Cobblers Corner / Re: Redevelopment Closer Than Ever?
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on: September 20, 2015, 12:37:29 pm
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The heart of this matter is in the words of Andy Clarke from the Trust's website:
“This is not a campaign against the team, manager or any other officials at the club. It's directed at the chairman's lack of letting people know answers to reasonable questions."
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1655
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The Hotel End / Cobblers Corner / Re: Redevelopment Closer Than Ever?
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on: September 20, 2015, 11:13:11 am
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Rubbish Marvo. Like any supporter I want only the best for the club ON and OFF the pitch but whatever happens nothing will exonerate the present owners from the redevelopment shambles and the issues surrounding the mess.
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1656
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The Hotel End / Cobblers Corner / Re: Protest
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on: September 20, 2015, 11:01:22 am
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The buck for the redevelopment shambles has to stop at the door of the Chairman and his father, that much is clear. I accept that it is possible to criticise other directors for apparent inaction other than David Jackson who resigned. However, according to the Trust no board meetings were held, no information was distributed to the non Cardoza directors and according to the Trust director on the board of NTFC he was pressurised into signing a document relating to the redevelopment he should perhaps have not signed or, at the very least, taken advice on before putting his signature to it.
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1657
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The Hotel End / Cobblers Corner / Re: Protest
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on: September 20, 2015, 10:35:04 am
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The best thing honest & open Dave can do then is answer fully the questions but it looks like pigs might fly first.
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1658
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The Hotel End / Cobblers Corner / Re: Protest
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on: September 20, 2015, 10:28:00 am
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If Devon Cobbler is referring to the questions posed by the Trust none of them are libellous. They are reasonable and sensible questions based on what information has been made available in the public domain, largely by the report filed at Companies House by the Administrator of 1st Land Ltd. DC has not disclosed anything and obviously has no intention of telling us the truth of the mess he has created. We do not know what if any action has been or is being taken by the "legal authorities". These organisations are hardly likely to publicise any enquiries or investigations they may be making but none of us can state whether or not anything is happening and, to be frank, I am not clear what you mean exactly by the expression "legal authorities".
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1659
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The Hotel End / Cobblers Corner / Re: Protest
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on: September 19, 2015, 11:41:51 am
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What the Trust needs to do is create a proper paper trail. I am not sure they have created one in the sense of a formal written request by Andy Clarke for a board meeting. Speaking to the CFO to ask for a meeting and updates when he is not a director is not sufficient and relying on website statements is also not good enough because DC can always deny any knowledge as we heard in a recent interview although I think we can be certain he keeps an eye on this and the Trust's website.
It is too easy to sit in front of a PC and be critical of the Trust. We must remember its active members have jobs and families to look after as well as addressing supporters' concerns. That said, what has become apparent is that DC is evading us all at present and the Trust needs to be aware of this and act to try and force the Chairman to answer the questions and be "honest and open" (DC's words to BBC Northampton) with us .
Now for Morecambe and 3 points. UTC.
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1660
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The Hotel End / Cobblers Corner / Re: Protest
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on: September 19, 2015, 11:10:15 am
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Marvo - it is very clear that you have no interest in the issues surrounding the redevelopment so why bother to post on these threads. Stick to the football side of things and post on those threads.
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