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NORTHAMPTON TOWN PARTNER WITH 5USPORT

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Author Topic: NORTHAMPTON TOWN PARTNER WITH 5USPORT  (Read 13221 times)
Vintage Cobbler
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« Reply #20 on: June 26, 2017, 13:10:02 pm »

Exciting news.  This is the investment in the club news many of us have been wanting but, in truth, not expecting.  Hard information is lacking in the club statement but I am sure more will become known shortly.  
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clarkeysntfc
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« Reply #21 on: June 26, 2017, 13:10:11 pm »

Key question for me is who's got the majority stake.
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Shoemaker
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« Reply #22 on: June 26, 2017, 13:12:13 pm »

Key question for me is who's got the majority stake.
The new owners
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southofthecounty
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« Reply #23 on: June 26, 2017, 13:16:42 pm »

They can't have any business sense if they chose to invest in us rather than Oxolona can they?
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everbrite
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« Reply #24 on: June 26, 2017, 13:17:33 pm »

My immediate thoughts were



translated : https://www.pinterest.com/pin/320037117252628651/
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AlistairSlowe
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« Reply #25 on: June 26, 2017, 13:18:23 pm »

Key question for me is who's got the majority stake.

I think, reading between the lines, that 5USport do.

Going on the basis that "Kelvin has agreed to stay on as chairman"
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lift tower
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« Reply #26 on: June 26, 2017, 13:18:37 pm »

This will end in tears
Hopefully two tiers, in the east stand.
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Battery Man
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« Reply #27 on: June 26, 2017, 13:19:55 pm »

Well this looks good, investmetn in the infrastructure, the squad and the youth team. I don't think we could ask for more. Lets see how it pans out.
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LeeleeSTAR
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« Reply #28 on: June 26, 2017, 13:31:48 pm »

It's exciting news but words of caution should be ushered.  These partnerships don't always end up as a success story.  My hope is that they are serious and not just using us as a test bed for how to run a football club.
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threeinabed
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« Reply #29 on: June 26, 2017, 13:33:11 pm »

It's exciting news but words of caution should be ushered.  These partnerships don't always end up as a success story.  My hope is that they are serious and not just using us as a test bed for how to run a football club.

i think KT staying on as chairman is the key - so there is at least one person who knows what he is doing in charge.

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Vintage Cobbler
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« Reply #30 on: June 26, 2017, 13:34:12 pm »

No need to be negative but we do need to be told the detail.  The club statement is very bland.
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AlistairSlowe
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« Reply #31 on: June 26, 2017, 13:35:55 pm »

No need to be negative but we do need to be told the detail.  The club statement is very bland.

You'd hope the details will come out over the next few days. Jeremy Casey said on Twitter he is meeting the chairman this afternoon so hopefully some more information will come out then.
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oop_north
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« Reply #32 on: June 26, 2017, 14:03:22 pm »

Didn't someone bang on about "the Chinese are coming" on another message board some years back?
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Joes Sweet Left Foot
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« Reply #33 on: June 26, 2017, 14:27:18 pm »

China is the new Russia. That's where the money is.
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AlistairSlowe
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« Reply #34 on: June 26, 2017, 14:43:38 pm »

There you go, 5USport have taken a 60% share in the club, but it isn't a takeover it's a partnership - NTFC just Tweeted.

That clears it up nicely.
 Wink
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ajp
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« Reply #35 on: June 26, 2017, 15:01:06 pm »

So they are effectively in control.. I'm now slightly concerned!
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southofthecounty
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« Reply #36 on: June 26, 2017, 15:28:31 pm »

Who wants to be first to ask what the Trust are doing about it?
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AlistairSlowe
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« Reply #37 on: June 26, 2017, 15:32:17 pm »

Presume that is where BedsCobb is right now.
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LeeleeSTAR
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« Reply #38 on: June 26, 2017, 15:50:37 pm »

There you go, 5USport have taken a 60% share in the club, but it isn't a takeover it's a partnership - NTFC just Tweeted.

That clears it up nicely.
 Wink


Is that 60% of the club overall or 60% of the holding company that owns most of the shares?  As I believe there are still a number of other shareholders outside of 'Northampton Town Ventures Limited' who own small percentages of the club.  If it's only 60% of NTVL then what does that equat to in terms of the otherall ownership of the club?
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Dan
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« Reply #39 on: June 26, 2017, 15:54:21 pm »

Who wants to be first to ask what the Trust are doing about it?

Probably the same person who brought Oxford United fc up in this thread for no reason at all.
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