tuks
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I meant through sources such as the Chron, BBC etc.
If people on here have been able to access this info why haven't they??
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clarkeysntfc
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Do we actually know that this £2m is still unaccounted for? Surely it may have been recovered when the legal case was resolved recently to allow work to recommence on the East Stand?
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roade cobbler
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Buckinghams have said "all issues are resolved with the club & our previous client".
so presumably they have been paid their £2M
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Grove
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Buckinghams have said "all issues are resolved with the club & our previous client".
so presumably they have been paid their £2M
That was a quote from April
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Vintage Cobbler
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An earlier posting from me today:
???The starting point has to be how were First Land a company with a share capital of £100, one director (Howard Grossman) and no track record in construction come to be appointed as main contractors to a £11 million project being financed by a loan from NBC. You wouldn't even appoint a company that size to build a house. A major scandal looks like it is about to break. Buckingham are owed over £2 million so no wonder that company has stopped work. And for those extolling the virtues of DC................
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roade cobbler
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That was a quote from April
correct. The notice of statement of affairs is dated February. So they were owed £2M in Feb and by April they were happy
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LeeleeSTAR
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correct. The notice of statement of affairs is dated February. So they were owed £2M in Feb and by April they were happy
Well somethings happened since because Buckingham and Ntfc are not on good terms.
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brickowski
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Well somethings happened since because Buckingham and Ntfc are not on good terms.
Yep - we've been bought by an Indian consortium who may now want to build something different.
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there's only one Robbie Curtis
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roade cobbler
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Well somethings happened since because Buckingham and Ntfc are not on good terms.
Maybe the consortium has indicated that they want to change the plans, so have halted the build?
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Grove
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Maybe the consortium has indicated that they want to change the plans, so have halted the build?
Ha brilliant , What plans , there are none
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Bingers
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Ha brilliant , What plans , there are none Hang on a minute, I thought we had a 5 year plan?
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The Hotelend Grand National Sweepstake Champion 2015
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Manwork04
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Yep - we've been bought by an Indian consortium who may now want to build something different.
Nope - we haven't been bought by anybody get your facts right.
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Rule Britannia
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Gen.Disorda
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The more that comes to light, the more it sounds like its just another bunch of Tory Cronies lining each others pockets.
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Dont believe the truth
Newbie
Offline
Posts: 9
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Looking at the Administrator's Report into 1st Land Ltd (the company set up to deal with the East Stand development) reveals that they paid D & A Cardoza £2.6 million before going under.
The report states that the Cardozas claim this was a 'joint venture fee' whereas 1st Land Ltd claim it was a loan and is due to be repaid.
Why would the Cardozas need a fee from 1st Land Ltd?
Where did 1st Land Ltd get this sort of money?
Did 1st Land Ltd receive any of the council loan money from NTFC?
This information is all in the public domain at Companies House.
I don't think it's unreasonable to have answers to the above questions.
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The 12th Marquis of Sixfields
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As each day passes, the grubbier and more seedy this whole affair appears to become. How I wish they had just carried on driving past Northampton when they were looking for a club to buy all those years ago.
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The Hotelend Grand National Sweepstake Champion 2023
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Coolcat
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Because they don't care
And if they did care, you'd accuse them of moaning FFS!
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Coolcat
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Looking at the Administrator's Report into 1st Land Ltd (the company set up to deal with the East Stand development) reveals that they paid D & A Cardoza £2.6 million before going under.
The report states that the Cardozas claim this was a 'joint venture fee' whereas 1st Land Ltd claim it was a loan and is due to be repaid.
Why would the Cardozas need a fee from 1st Land Ltd?
Where did 1st Land Ltd get this sort of money?
Did 1st Land Ltd receive any of the council loan money from NTFC?
This information is all in the public domain at Companies House.
I don't think it's unreasonable to have answers to the above questions.
Given that First Land appears to have been set up by the former here and neither party had anything to rub together prior to the NBC 'Development loan' (hence the loan!) an erm two way transfer of the same funds seems to have....ok, no more spurriously stating the...
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Blackadder
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For the uneducated (me) is there a suggestion that DC has borrowed 3m from the council under the club's name and paid it to himself via a third party?
Is this even legal? Surely unethical given it will put the future of the club in doubt as we've got no obvious way to repay this amount?
Not to mention the council losing the money too if we go into administration.
Appologises if I'm way off the mark with this.
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Dont believe the truth
Newbie
Offline
Posts: 9
Badges: (View All)
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For the uneducated (me) is there a suggestion that DC has borrowed 3m from the council under the club's name and paid it to himself via a third party?
Is this even legal? Surely unethical given it will put the future of the club in doubt as we've got no obvious way to repay this amount?
Not to mention the council losing the money too if we go into administration.
Appologises if I'm way off the mark with this.
The Administrator's report does state £2.6 million was owed by D&A Cardoza. This is in black and white in their report. The notes accompanying the report state that 1st Land viewed these monies as a loan and thus were due back. It appears that D&A Cardoza viewed these monies as a joint venture fee. The administrators will have a duty to investigate this further to understand the nature of these payments. Might be a very sensible and logical reason for this so we will have to wait and see. The football club was also listed in the report as owing £2 million to 1st Land although the notes suggest the club said they were owed £5 million from 1st Land presumably for the non completion of the project.
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