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Joes Sweet Left Foot
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“The man who moves a mountain begins by carrying away small stones.” - Confucius
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everbrite
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so just because nobody has told you what the craic is then there must be something dodgy about it? if you had just completed a business deal which would increase your spending power in the sector in which you operated - would you tell all sundry how much extra they could ask from you in future? or are you really that dopey that you would?
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2020 Grand National S/S 3rd Place
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everbrite
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Yes, but you spent two years insisting Cardoza was God, so your opinion isn't required.  No i didn't and I still think your comment was crass. |
2020 Grand National S/S 3rd Place
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everbrite
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Just for clarification of figures I present the following.....
It is like a minefield whenever I start looking into things on Companies House and other sites!!
So, Northampton Town Ventures Limited owned 2,102,958 of the clubs 2,792,251 shares (75.314% of the total)
Northampton Town Ventures share capital was split three ways, 12.5% owned by David Bower, 22.5% owned by Kelvin Thomas, and the remaining 65% owned by a company called Fantastical Limited.
Fantastical Limited is a dormant company which has two directors......Kelvin Thomas and David Bower! David Bower however owns the ONE share in this company. Ergo David Bower owned directly or indirectly 77.5% of NTV.
NTFC Supporters Limited (The Trust) owned 2.756% of the shares in the club.
With a 60% buyout of NTV's shares, 5USport now own (in effect) 1,261,775 shares in the club.....or 45.19%
Thanks GPC; your analysis seems pretty accurate. I also like your summary ....or 45.19% which at least two posters seem to have a mathematical block with. Now off to purchase a EuroMillions ticket to win the £85m !! |
2020 Grand National S/S 3rd Place
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JollyCobbler
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Just for clarification of figures I present the following.....
It is like a minefield whenever I start looking into things on Companies House and other sites!!
So, Northampton Town Ventures Limited owned 2,102,958 of the clubs 2,792,251 shares (75.314% of the total)
Northampton Town Ventures share capital was split three ways, 12.5% owned by David Bower, 22.5% owned by Kelvin Thomas, and the remaining 65% owned by a company called Fantastical Limited.
Fantastical Limited is a dormant company which has two directors......Kelvin Thomas and David Bower! David Bower however owns the ONE share in this company. Ergo David Bower owned directly or indirectly 77.5% of NTV.
NTFC Supporters Limited (The Trust) owned 2.756% of the shares in the club.
With a 60% buyout of NTV's shares, 5USport now own (in effect) 1,261,775 shares in the club.....or 45.19%
Grange, would you mind clarifying something for me, and for all of those experts who believe shareholdings are easily understood, and anything other than a convoluted minefield: 5USport are almost certainly considered a Non-UK Legal Entity, yes? So am I right in assuming it will only be their (as yet unnamed) majority shareholder who will appear on the PSC register for NTV? And then, assuming football clubs operate in the same vein as everyone else(?), how are the (football) club's shares divided up? Do individual shareholders still require 25% to be considered PSC? Just to clarify, in this situation would the Non-UK Legal Entity not have complete control over those shares that fall under the NTV banner? It's been over twenty years since I last had experience of anything like this, so I may be off centre. All I do know is, it never used to be as cut-and-dry as some are now claiming. Cheers for any answers you can supply, mate! |
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« Last Edit: June 27, 2017, 23:49:17 pm by JollyCobbler »
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guest2235
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Having read that article its clear that Kelvin believes the money is there to push the club to the next level, despite what many on here think. “There is money available and we’ve been talking about our playing budget but we’re not going to say how much because all of a sudden wage demand go up, etc,” says Thomas. “We’ve got some targets in mind but we have to be careful that we don’t rush out and start spending a bunch of money on players. They’ve still got to be the right player. We probably expect a centre-half here and there and another good goalkeeper but I think our squad is already good. This investment just give us a little bit more flexibility in some of our decisions.” |
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Coolcat
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I think you'll find The EFL have already sanctioned it.
That's strange, EFL only officially sanctioned this afternoon and on offy site 12 mins ago...I think you'll find! Now, Beds...send me a sign!  |
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« Last Edit: June 28, 2017, 19:35:16 pm by Coolcat »
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Coolcat
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Well Neil I find it all a bit shambolic
The club called the press conference and the one fact I can be sure about is that yesterday it was reported that the new investors were the major shareholders owning 60% and today it turns out they aren't and now own 45%
I assume that won't change tomorrow!!
It just strikes me of being a bit two bob.
Like I say though I so hope it will take us to the next level and put us on the map.
1. What exactly is the 'next level'? 2. Who is Neil? |
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LeeleeSTAR
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Am i right in saying that going on how the shareholding appears to be carved up, 5USport will effectively have 75% of the voting power at the club? If they own 60% of NTV and that company owns 75% of the shares in NTFC then they effectively control the voting rights of that 75%? Also it will be interesting to know who's shares they bought if the make up of NTV is as below. You would assume that they purchased Fantastical Ltd however that would give them 65% and not 60%.  Northampton Town Ventures share capital was split three ways, 12.5% owned by David Bower, 22.5% owned by Kelvin Thomas, and the remaining 65% owned by a company called Fantastical Limited.
Fantastical Limited is a dormant company which has two directors......Kelvin Thomas and David Bower! David Bower however owns the ONE share in this company. Ergo David Bower owned directly or indirectly 77.5% of NTV. |
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Terryfenwickatemyhamster
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I can understand why some are concerned about how vague things are... It's been the best part of a day since the deal was done.
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lodgeadam
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It's going to take more than a simple maths equation to convince some on here that 45% is less than 51%.
45% is less than 51% but is more than 30% and 25% |
--- 'Shoe Army' is THE worst chant ever! --- Twitter @lodgeadam
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everbrite
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45% is less than 51% but is more than 30% and 25%
can you clarify above - thks |
2020 Grand National S/S 3rd Place
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LeeleeSTAR
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I can understand why some are concerned about how vague things are... It's been the best part of a day since the deal was done.
Do you honestly expect us to get anymore clarification? I don't. Things are often very vague in business leading to people second guessing. The powers that be at the club won't have any interest in confirming anymore details as they wouldn't see it to be of anyone's business. Often at the top level of football it's clear who owns what in s football club but the lower you go down the pyramid the more secretive things seem to be. |
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BedsCobb
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Secrecy is fine if positive things start to appear such as some badly needed redevelopment etc, its just the secrecy surrounding continuous nothingness that wears you down |
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LeeleeSTAR
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I missed the announcement a few hours ago, the EFL have sanctioned the takeover.
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Deepcut Cobbler
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45% is less than 51% but is more than 30% and 25%
can you clarify above - thks
9/20ths is less that 51/100ths, but is more that 30/100 and 1/4. |
“They shall grow not old as we that are left grow old:
Age shall not weary them, nor the years condemn.
At the going down of the sun and in the morning
We will remember them.” Laurence Binyon
The Hotelend Grand National Sweepstake Champion 2009
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everbrite
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9/20ths is less that 51/100ths, but is more that 30/100 and 1/4.
I know all that but what is Lodges point without having to to revisit previous posts. I find cryptic comments often misleading. |
2020 Grand National S/S 3rd Place
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tcobb
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To be fair Evers you find most posts misleading |
This blessed plot, this earth, this realm, this England.
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Terryfenwickatemyhamster
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Do you honestly expect us to get anymore clarification? I don't. .
Not at all. And I couldn't give a flying fcuk. I go and watch football for a release from all the mundane things that life can throw at me. That's why I am utterly confused why people live their sorry lives out on here, comparing dick sizes and shouting the odds about something that is not only out of their control. But also has sweet FA to do with them. |
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vietnamcobbler
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Not at all. And I couldn't give a flying fcuk. I go and watch football for a release from all the mundane things that life can throw at me.
That's why I am utterly confused why people live their sorry lives out on here, comparing dick sizes and shouting the odds about something that is not only out of their control. But also has sweet FA to do with them.
I wear the same shoes as you with this regard - but for some, Northampton Town is more than just the experience on game day, and I completely respect that. We all share a passion for the game and our club - some people a little more than others. This is a great discussion board to allow discussions on all things NTFC - if people want to 'compare dick sizes' or chatter on things out of their control, I say go for it! There's a mute or block function on here if you don't want to see posts from certain members isn't there? |
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