Recent Posts

Think that's me GPC for embarrassing him by making it know on here, that he was due to represent the Trust by accepting the kind offer of hospitality from Exeter, for Tuesdays game.

Not for embarassing me and for your information I was not 'representing' The Trust.  
It was just the fact that an unelected Idiot decided to use it as a means of sniping against me. When all I was doing was taking advantage of two 'free' hospitaility tickets that had been offered to The Trust, because none of The Trust Board were attending or available to take advantage of them themselves.
I was doing The Trust a favour, I wasn't expecting it to be turned back on me in a derogatory manner.
I do not need 'freebies' and I have now declined the offer.
I will be there anyway, as I am at every away game, apart from Harrogate next week, because I do not have one of the 600 golden tickets.

ok forget the word debt. How should any proceeds from 5U Sport been allocated and what difference does it make to the club?

Ok, just a thought.....how about if the owners had made £4m profit from that deal with 5USports they could have used that in 2018 to finish the stand back then if it is the answer to our prayers?  They'd have made at least £750k of it back by now according to their own figures, plus....they would have been able to develop the land by now, something which again they can't yet do because they haven't finished the stand!

Cleared the debt? In what, whose debt? Fantastical nor Ventures had any debt as they had no financial transactions. The Football Club accounts showed debts for every financial year in question (no debts cleared).....so who could have cleared what debt?

You seem to know about tax liability? Can you explain the benefits (or otherwise) of how £4m paid by 5USports for the initial 60% shareholding in NT Ventures, a UK registered company 100% owned by Fantastical (another UK registered company) ended up in an account belonging to a company called Belle-De-Jour based in the British Virgin Islands seeing as BDJ had no interest or ownership in any of the above companies at the time of the transactions?

ok forget the word debt. How should any proceeds from 5U Sport been allocated and what difference does it make to the club?

Appreciate the conciliatory nature and tone of your last two posts MCHammer.....thanks.

Cleared the debt? In what, whose debt? Fantastical nor Ventures had any debt as they had no financial transactions. The Football Club accounts showed debts for every financial year in question (no debts cleared).....so who could have cleared what debt?

You seem to know about tax liability? Can you explain the benefits (or otherwise) of how £4m paid by 5USports for the initial 60% shareholding in NT Ventures, a UK registered company 100% owned by Fantastical (another UK registered company) ended up in an account belonging to a company called Belle-De-Jour based in the British Virgin Islands seeing as BDJ had no interest or ownership in any of the above companies at the time of the transactions?

Ok, here goes again. There may be some manipulation regarding corporation tax. On a personal level when you take the money personally you are liable as per the taxation rules in your country of residence. In fairness to me I am liable for tax on a corporate level and personal level in 2 different countries so on that basis I have a smidgin of knowledge.

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Why do certain posters on this board think it is all Trust v Club?

I post on here as GrangeParkCobbler, have done since I believe 2007.

Genuine question to other posters......is everything I now post tainted by the fact I have been a Trust Board member for the last 10 months, yes 10 months out of a 14 year posting history?

As I put in my earlier post...I posted the facts as GPC, just as I did when Cardoza was in charge. Many many (far too many) did not see what was coming, did not see that anything was wrong until it was too late. I was posting information then and asking questions, just as I am now. It has nothing to do with the Trust.........

I wanted to reply to this one seperately.  I think most people, though definitely not all, are intelligent enough to understand the difference between when you post as a Trust Board Member and a supporter.  I always make sure I state when I want your Trust opinion.

However it's much easier to seperate the two when talking about the playing side than when you are posting on this kind of thread.  The difficulty you have and it's something I've mentioned before is it is very difficult to hear a person like yourself give an opinion on the ownership or redevelopment and not expect that to be the opinion you carry into your work with the Trust.  I don't think there's any way you can get away from that and frankly why would you.  I want you to be honest and I believe you are.

The downside with that of course is there is a feeling of disconnect then with the Trust as someone with a differing opinion feels unrepresented.     

I might not agree with all you say but I appreciate the way you do it and how you come across. The same can be said for Keith on the occasions he posts and from what I have read from Andy and Robert on Facebook they always come across well.

There are others like Random, Legal advisor John, Chris and Stefan who just don't come across well at all and do more harm than good in my opinion.

Really appreciate your responses GPC and I for one appreciate the level of detail you provide when possible.  I also fully accept that this is your response not that of the Trust and that's all I was asking for.

So really what it seems to boil down to is an unease with the complexity of the business structure and whether we as supporters ethically believe the owners are allowed to sell their share holding for £6+ million and reaquire it essentially for £1+ million having seperately over 7ish years loaned the club the equivalent amount of that initial sale.

Everything else around where the money went, whether they paid the right tax on it etc. is all a little irrelevant in the most part unless there is evidence of serious wrong doing and I haven't seen or been told that there is.

I hate to say this as I know I'm opening myself up for the usual supects to hurl more abuse my way....I don't think we have a right to expect to know how much someone sells their share holding for.  You are not taking that money out of the club that's the shareholders money not the clubs.  The club has no right to it.  So by that token it also applies to the reacquirement.  So in reality that means the amount of profit they made is irrelevant as it's their money not the clubs.

So maybe it's time for everyone to put this specific debate to bed and only raise it again if new evidence is obtained that shows any actual wrong doing.

If there was evidence of taking money that was intended for the club or something illegal had taken place then that would completely alter my view.

Same old Random missing the point as usual, if you, GPC or anybody else has any proof of wrongdoing by the Directors of NTFC then do something positive about it, why is that so hard for any of you to do ? As i say ,if you have proof, i will support the outcome if its proven. Ive seen the figures time and time again, so im saying, go to HMRC,   go to the police, go to the FA, go to the EFL, show them the proof of the wrongdoing, get it sorted, put it right. Why do you try to use it as a tool to dislodge the Directors rather than doing the right thing.
At the moment the Trust are being used as a political pawn between the parties in Northampton, who has engineered that scenario i dont know , but they have played you very well indeed.

Same old Tcobb, ignoring any points and not offering any point of view at all to the finer points of our football club.

Legally very difficult and expensive to do, why do you think KT / DB and many others, use layers of companies and off-shore bank accounts etc?

Morally, well thats up to you and your view point on integrity etc.

To me KT has showed very little ambition, plan or desire for NTFC to be more than a L2 club, and that offends me. It's a shame as KT clearly has passion and is very skilled in dealing with people but has failed to move NTFC forward enough to justify a land deal of Northampton land and receiving his money back (and then some) all in the of NTFC. 

Same old Random missing the point as usual, if you, GPC or anybody else has any proof of wrongdoing by the Directors of NTFC then do something positive about it, why is that so hard for any of you to do ? As i say ,if you have proof, i will support the outcome if its proven. Ive seen the figures time and time again, so im saying, go to HMRC,   go to the police, go to the FA, go to the EFL, show them the proof of the wrongdoing, get it sorted, put it right. Why do you try to use it as a tool to dislodge the Directors rather than doing the right thing.
At the moment the Trust are being used as a political pawn between the parties in Northampton, who has engineered that scenario i dont know , but they have played you very well indeed.

Again if you don't know what the £6m refers to by now, then talk of kettle calling the pot.

There is a slide on the presentation that talks quite clearly about it.

Also consider what KT has said about it recently. It all done and finished as far as he is concerned.



Just read the letter NTFC sent to the Trust re the Chinese money. In it, it states "(the numbers) do not take into consideration the existing monies we have invested into the club"

And that is where I and others have a problem in a nutshell. KT states he received money from the chinese in direct recognition of their investment into NTFC, yet the debt has not been reduced in the clubs accounts.

Now KT/DB want to make more money in the name of NTFC via a land deal with the local council, which again they want to pay themselves back money that they say they have invested. (£6m = no assets) in effect, selling the same debt twice!

Us as supporters are expected to tow the same line DC wanted us to do, when with the help of Buckingham Group, wanted to build the worst stand in recent history, which included seats with restricted views and little facilities. Despite been told by DC this was in the best interests of the football club and a good deal. In turned out to be such a bad deal in part because DC & TC took £2m out at the outset for fees.

Forward 6 years and we have a similar stand (although slightly better) with few more seats, supposedly at a £3m max spend, but might be £4m but again being told it is the best interests for the football club and is a good deal. Guess who the builders will be?  yep - Buckingham Group !!! The company who waved through KT/DB purchase of 22 acres off the noses of the council.

You couldn't make it up and I haven't