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NORTHAMPTON TOWN PART WITH 5USPORT

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Author Topic: NORTHAMPTON TOWN PART WITH 5USPORT  (Read 29955 times)
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guest48
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« Reply #400 on: March 31, 2018, 17:20:53 pm »

Shoey, have a think, in what field did David Bower make his money ?
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guest47
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« Reply #401 on: March 31, 2018, 17:32:50 pm »

Shoey, have a think, in what field did David Bower make his money ?


That's a very interesting question. Bower and Bailey make decent money as provincial solicitors but nothing like the amount needed to fund a professional football club. Bower is involved in property development in Oxfordshire but you've got to question whether that makes enough for him to chuck the millions required to finance a League One football club just to get a comfy seat in the West Stand. I heard that Mike Wailing, who made a lot of money in transport, is a major benefactor but I cant for the life of me see what's in it for him.
That's the major problem, who on earth would want to sink their hard earned money into a failing league one football club? Answers on a pinhead please.
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« Reply #402 on: March 31, 2018, 17:34:21 pm »

I think the point is Bower is a legal expert....
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« Reply #403 on: March 31, 2018, 18:31:07 pm »

I think the point is Bower is a legal expert....
I’d forgotten that.
All will be well then
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« Reply #404 on: March 31, 2018, 18:43:10 pm »

What is interesting is that no one is keen on saying whose money has funded the January spending.
That could be an interesting piece of evidence in court proceedings.

Just on this bit it was a pretty open secret that it was Thomas and Bower that put money into the club in January. Thomas even covered it in the interview about the split on Thursday.
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« Reply #405 on: March 31, 2018, 22:51:53 pm »

I assume the Chinese claims was the story that James Heneghan wanted to run on Thursday night. This could be very bad news for us however I hope as David bower is a solicitor that he’s pretty confident that they still own the club.  Reading between the lines of KTs statement the other day he implied that 5USport never completed the acquisition of the shares.  I assume not all the money was ever received or something.
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« Reply #406 on: April 01, 2018, 20:37:51 pm »

According to the 5u website they still are major shareholders..

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For goodness sake Doc we are NOT going down  Grin   you heard it here 1st  Wink

(I damn well hope that does not come back to haunt me)
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« Reply #407 on: April 01, 2018, 20:45:33 pm »

According to the 5u website they still are major shareholders..



Stakeholders, not shareholders. The two words mean very different things.
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« Reply #408 on: April 01, 2018, 20:49:38 pm »

Yes you are right mate, get those fellas in from the other side of the world with no prior knowledge of running a football club.
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« Reply #409 on: April 02, 2018, 08:18:22 am »

Yes you are right mate, get those fellas in from the other side of the world with no prior knowledge of running a football club.

             So true.
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« Reply #410 on: April 02, 2018, 09:56:59 am »

Yes you are right mate, get those fellas in from the other side of the world with no prior knowledge of running a football club.
I doubt very much they could even match the mess the latest lot have made?
You need to learn from the past and the costly mistakes to avoid poor running of a football club, but we rode coach and horses through it only to find there is a major reason we keep failing to step up to League 1 these past several times since 1976 and still being found wanting  making the same mistakes in 2018.. When will we learn...
Soon hopefully.



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« Reply #411 on: April 02, 2018, 10:02:38 am »

Amazing that nobody is as wise as you Beds!.....................or repeats the same phrase as often!
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« Reply #412 on: April 02, 2018, 10:34:26 am »

I doubt very much they could even match the mess the latest lot have made?
You need to learn from the past and the costly mistakes to avoid poor running of a football club, but we rode coach and horses through it only to find there is a major reason we keep failing to step up to League 1 these past several times since 1976 and still being found wanting  making the same mistakes in 2018.. When will we learn...
Soon hopefully.





More investment in the playing staff this year than on our last forrays in league one. This season is not down to the usual reasons we don't fare well in this league.
It is down to a piss poor manager not finances.
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« Reply #413 on: April 02, 2018, 10:34:32 am »

Amazing that nobody is as wise as you Beds!.....................or repeats the same phrase as often!
Sad thing is he's right, repeating it over and over doesn't make it more right though.
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« Reply #414 on: April 02, 2018, 10:38:14 am »

Sad thing is he's right, repeating it over and over doesn't make it more right though.

That’s a sort of ‘sit on the fence’ stance  Grin
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« Reply #415 on: April 02, 2018, 10:41:21 am »

That’s a sort of ‘sit on the fence’ stance  Grin
Thanks Evers hope you have a nice time today mate.
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« Reply #416 on: April 02, 2018, 11:00:13 am »

More investment in the playing staff this year than on our last forrays in league one. This season is not down to the usual reasons we don't fare well in this league.
It is down to a **** poor manager not finances.
Desperate spending is not investing into the team but just that 'desperate spending' because maybe of an initial lack of spending, perhaps?
What have we done differently this time than all  other miserable failures.. nothing, its just another wasted oppertunity.
When we next return to L1 in several years we need to hope we are on an even playing field with the whole town engaged and we have a definitive plan as to where we are going.

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« Reply #417 on: April 02, 2018, 11:48:40 am »

So Bri77 every manager we have had when we have struggled has been poor?

Almost every player has been rubbish

But the chairmen have been great as every time we bring in loads of players last minute. I have said for a long time that history is so repeating it self it is unbelievable, even down to the same people complaining and the same people defending the chairman.

The players and managers job is so much harder when there is no ambition, no belief and no plan

KT almost done a deal where he brought the club for £150k and sold half of it for over £4m and was still waiting for NBC to give him for stuff for free, all the time keeping fans in the dark and belittling our club saying we are not worth growing.

KT gained control of the club from NBC by saying he will develop the East stand with the £3m, he has done nothing yet still is under no pressure from fans or the Trust. Another deadline passes and in a meeting with the Trust, they all agree not to even talk about it as we face relegation.

Sorry but it is exactly the reason they should be talking about it, not sure how trust and chairman talking about the East stand affects our relegation surrender?  More excuses, more acceptance from the Trust.

It's time KT sold his interest for a small profit to the people of Northampton so we can actually start moving forward with our club. Perhaps then we as people of Northampton can speak with NBC about developing the land around Sixfields that will benefit us, training and sports facilities perhaps, something we could be proud of rather than more mediocre retail and industrial parks, of which we have plenty.
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« Reply #418 on: April 02, 2018, 12:31:22 pm »

Desperate spending is not investing into the team but just that 'desperate spending' because maybe of an initial lack of spending, perhaps?
What have we done differently this time than all  other miserable failures.. nothing, its just another wasted oppertunity.
When we next return to L1 in several years we need to hope we are on an even playing field with the whole town engaged and we have a definitive plan as to where we are going.



And if that does happen you will still moan
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« Reply #419 on: April 03, 2018, 21:44:47 pm »

So the way I see it......5USports came in, paid some money but not all of it.....Northampton Town Ventures confirmation statement was made AFTER the Chinese arrival and showed no changes to the shareholdings of the "parent company" of the football club.
The money was still not forthcoming so David Bower via another company Belle De Jour based in the British Virgin Isles loaned the football club via the parent company £1.1 million in January. If 5U had come up with more money by the end of January they would have been entitled to claim the shares in NT Ventures and therefore gain control of the Parent Company (60%).
They didn't so Yeung and Zheng....both of whom had been appointed as directors of both NT Ventures and NTFC were removed from both companies on 28th March.

Bower, who had resigned from NT Ventures following the appointment of Yeung and Zheng put the money in and the company Belle De Jour has been registered at Companies House as "a person with significant control" in NT Ventures.

Northampton Town Ventures hold more than 75% of the shares in the Football Club, and Belle de Jour now own more than 75% of the shares in Northampton Town Ventures.

Ergo.....David Bower owns the Football Club!!
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