NORTHAMPTON TOWN PART WITH 5USPORT

[BrixworthCobbler]

Ooooo dear.... don't blame them, stupid investment in the first place.

[Glastonbury Cobbler]

Now we know why jimmy hasn't been sacked!

Buckets at the ready again 🙈🙈

[just.reading]

"With continuing problems in receiving the money from 5USport, a deadline was set, and when that wasn’t met, the shares were returned to the ownership of Thomas and Bower’s NTVL."

So KT funded all the January transfers himself?

[Deepcut Cobbler]

"With continuing problems in receiving the money from 5USport, a deadline was set, and when that wasn’t met, the shares were returned to the ownership of Thomas and Bower’s NTVL."

So KT funded all the January transfers himself?

Someone on here said that they thought that he had...

[Irchy cob]

"With continuing problems in receiving the money from 5USport, a deadline was set, and when that wasn’t met, the shares were returned to the ownership of Thomas and Bower’s NTVL."

So KT funded all the January transfers himself?

To be fair wasn't it pretty much common knowledge that the window reinforcements were via bower and not the Chinese? Can't say I'm disappointed with this to be honest - it was pretty farcical from the beginning and the fact that we didn't hear a peep out of them spoke volumes.

[Alfred]

There will be enough people on the outside wanting to see us fail, so it is up to us to stand up for each other, all starting on Friday against Charlton.”

[just.reading]

To be fair wasn't it pretty much common knowledge that the window reinforcements were via bower and not the Chinese? Can't say I'm disappointed with this to be honest - it was pretty farcical from the beginning and the fact that we didn't hear a peep out of them spoke volumes.

I didn't know that. Makes the Chinese leaving rather irrelevant then?

[Wolvo]

On the positives, it'll take a moderator approximately 5 seconds to change 'partner' to 'part' in the thread title.

[Irchy cob]

I didn't know that. Makes the Chinese leaving rather irrelevant then?

I hasten to add that I am only going by what some posters on here said at the time - I certainly haven't got any inside knowledge. Obviously not great news as if/when we go down the likelihood is that our only assets (Taylor, facey, crooks) will be sold on. On the other hand it might lead to some other more credible investment source to present itself.

[BrixworthCobbler]

I hasten to add that I am only going by what some posters on here said at the time - I certainly haven't got any inside knowledge. Obviously not great news as if/when we go down the likelihood is that our only assets (Taylor, facey, crooks) will be sold on. On the other hand it might lead to some other more credible investment source to present itself.

Who on earth with any sort of know how would want to invest in this shambles of a club?

[Irchy cob]

Who on earth with any sort of know how would want to invest in this shambles of a club?

Who knows, I'm clutching at straws. As an aside it's a bit of a strange time to make this announcement - on the verge of a massive match where all players and fans need to focus on the 3 points not off the field instability.

[Coolcat]

I think you are clutching at straws if you think these people are mega rich and own other clubs

Since they 'took over' there has almost zero change and with us sinking down and down you would think we would have had players lined up

Also the fact that we signed Dean Bowditch about 3 days before the take over announcement says it all to me

KT OUT !!!!!!

Take your money and F OFF

That's about the sum of it...cash in your winnings, Chinese group an utter waste of time!

[Coolcat]

Who knows, I'm clutching at straws. As an aside it's a bit of a strange time to make this announcement - on the verge of a massive match where all players and fans need to focus on the 3 points not off the field instability.

Straws? Chopsticks surely!

[guest2995]

That is an absolute disaster on so many levels .
It all seemed too good to be true from the start .
Now we are left with players and management staff that have come here on false promises and totally demotivated .
They probably all now know they will leave next season due to contract clauses and we are going to plummet .
What an absolute mess .
Things go from bad to worst .

[meccanostand]

Maybe the Indian investors will step in. When will we ever learn?

[Dr Feelgood]

DOOMED!!!!!!!!!!!!!!!!!!!


Chinese Out
KT Out
Hass Out
Buckets Out

[guest2995]

Who knows, I'm clutching at straws. As an aside it's a bit of a strange time to make this announcement - on the verge of a massive match where all players and fans need to focus on the 3 points not off the field instability.

I couldn’t agree more with this .
The whole club from top to bottom seems to have lost the plot .
My concern now is for next season and what could happen.
If we weren’t going down before , we certainly are now .

[Irchy cob]

It pretty much draws a line under the possibility of sacking jimmy, we wouldn't be able to afford it now even if we wanted to - he's probably the safest manager in the football league now! It might account for why jimmy's been so downbeat in interviews this week.

[GrangeParkCobbler]

Hardly a surprise to those in the know!!

The charge placed in January over 5USports shares was the pre-cursor to this.

I'm not sure if I believe "investment restrictions".........how many clubs are owned by foreign owners nowadays? They don't seem to have many issues!!

Birmingham, Aston Villa, West Brom and Wolves are all "Chinese owned"......as are both AC and Inter Milan. Chinese consortia have also invested in many other clubs.

To me this was all weird from the beginning.....what was in it for a small company who traded in memorabilia? Whatever they invested in the beginning has now been bought back by Thomas, Bower et al....for just over a million quid.

So are we back to square one???  Was it all a sham? Was it another error of judgement by KT?

Read back through this article and then try and marry it up with what has ended up happening. Remember this was one of a few deals on the table at the time...and was considered the best!!

https://www.northamptonchron.co.uk/news/breaking-chinese-company-5usport-purchases-major-stake-in-northampton-town-1-8025792

[GrangeParkCobbler]

Who knows, I'm clutching at straws. As an aside it's a bit of a strange time to make this announcement - on the verge of a massive match where all players and fans need to focus on the 3 points not off the field instability.

Strangely this announcement was made not only the day before a very important match for the team, but also on the last working day in March.....remember, the March when we were supposed to have all the legal issues sorted out with the council and be on our way to sorting the leases and sorting the East stand out.

This news sort of takes your mind off that "statement" made by KT doesn't it??