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WANTED: 6 Northamptonshire millionaires!

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Author Topic: WANTED: 6 Northamptonshire millionaires!  (Read 2061 times)
Clarity
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« Reply #20 on: October 09, 2018, 14:04:28 pm »


Derek Banks was pre-Premier League and pre-Solidarity Payments.

No-one knows what other groups were interested in the club in the last crisis and why Cardoza chose to sell to Bower for a pound.

Any millionaire worth their salt will be pretty savvy. Why would they offer anything more than the pound the current owners (according to Cardoza in court) paid for it. The club has no assets and all the other costs are sunk.
Aren't some of the players assets?
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WasRambo
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« Reply #21 on: October 09, 2018, 14:17:35 pm »

I always think to myself, when i buy two lucky dips for those ridiculously high jackpots on the euromillions (like the £145m recently) "I wonder if I could persuade the missus to let me dump some money into the Cobblers....

But how much would it take?

To buy out KT
To finish the stand
To buy 6 or 7 quality players first season, then be adding 3 or 4 more the next 2
To fund wages for say 3 seasons....

I reckon you're looking near 10 million?

I mean, no point buying it if you don't intend to have a real crack at the championship....
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« Reply #22 on: October 09, 2018, 15:19:36 pm »

I always think to myself, when i buy two lucky dips for those ridiculously high jackpots on the euromillions (like the £145m recently) "I wonder if I could persuade the missus to let me dump some money into the Cobblers....


I wouldnt even ask....just do it! However it all depends on how much you win!
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« Reply #23 on: October 09, 2018, 18:01:03 pm »

That would be more than enough.
Yes but presumably Mr. or Mrs X wouldn't be planning on spending everything they own on the club
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« Reply #24 on: October 09, 2018, 18:08:06 pm »

This thread is a bit Deja vu.
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« Reply #25 on: October 09, 2018, 21:08:29 pm »


Derek Banks was pre-Premier League and pre-Solidarity Payments.

No-one knows what other groups were interested in the club in the last crisis and why Cardoza chose to sell to Bower for a pound.

Any millionaire worth their salt will be pretty savvy. Why would they offer anything more than the pound the current owners (according to Cardoza in court) paid for it. The club has no assets and all the other costs are sunk.
It depends if the buyer is purchasing an investment or a dream? However, forget what was paid for it previously, assets (the biggest of which is that it is an operating EFL club with above average attendances) and other points of negotiation. There are only 2 factors that matter, what someone is prepared to pay for it and most crucially of all what KT is prepared to sell it for. That’s what it’s worth.
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« Reply #26 on: October 10, 2018, 19:26:16 pm »

Like most chairman, he is probably going to want to get back at least the amount of money he put in to pay off debts etc.
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« Reply #27 on: October 10, 2018, 21:04:23 pm »

Like most chairman, he is probably going to want to get back at least the amount of money he put in to pay off debts etc.
Man Utd in the league cup revenue or the 400k we got for Ricky Holmes would have more than paid back the 160k and the 100k in back wages and would have been used for just that.
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« Reply #28 on: October 10, 2018, 21:26:08 pm »

or the 400k we got for Ricky Holmes
Grin Grin
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« Reply #29 on: October 10, 2018, 22:09:14 pm »

Man Utd in the league cup revenue or the 400k we got for Ricky Holmes would have more than paid back the 160k and the 100k in back wages and would have been used for just that.


Citation required for that figure. My analysis of Charlton Athletic's Financial Statements (published on this website) suggested nothing like this.
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« Reply #30 on: October 10, 2018, 22:13:23 pm »

Citation required for that figure. My analysis of Charlton Athletic's Financial Statements (published on this website) suggested nothing like this.

He knows it is bullsh, but suits the point(s) he is making    ..............well embellishes them!
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« Reply #31 on: October 10, 2018, 22:17:53 pm »

He knows it is bullsh, but suits the point(s) he is making    ..............well embellishes them!
Beds has sparked fury amongst French fishermen...for his constant fishing!  Cool
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« Reply #32 on: October 11, 2018, 04:47:31 am »

This is where I don't understand the logic - if it's really that easy to pick up a football club (particularly one on the bones or it's arse) for next to nothing and run it solely on gate money with no further investment (Essentially the scenario that you accuse KT of) - why have none of these so called local interested parties picked up the ball and run with it as you would wish (past, present or future) - why did the local group at the same time of KT's arrival  pull out because by their own admission they only had funding to get us out of a hole and not to take the club forward in a sustained manner. Why did Derek Banks pull out, citing he only had limited funding and no one else was prepared to come in with additional support. Why did Stonhill and co sell out to Cardoza again saying they had limited means to take the club forward.

No disrespect but I think the back of a fag packet economics of running a football club in both a sustained and progressive way is simply fantasy 

It's hardly fag packet economics, and nowhere did I suggest that it's cheap or easy running a football club. And I don't doubt for a moment that KT/DB have had to pump sizable funds in to keep the club running, probably accounting for much of their quoted '3 million to spend'. However, the fact they sunk that money into a failed project, it doesn't put them in a very good position for recovering their cash deficit, and certainly not for turning a profit on the sale, does it?
Simply put, I can pump as much money as I am able into any business venture, but if that project becomes a money pit with no profits and very few assets, then it doesn't become more valuable than it was when I purchased it purely because I sunk a pile on it. If I wanted out I'd have to take the hit.
If they'd managed to keep the club in League 1, or even progressed on further, then they could likely have turned a profit; or at least broken even. Either way, it'd likely have been worth more than a bargain basement League 2 club with an unfinished stand.
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meccanostand
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« Reply #33 on: October 11, 2018, 07:44:49 am »

It's hardly fag packet economics, and nowhere did I suggest that it's cheap or easy running a football club. And I don't doubt for a moment that KT/DB have had to pump sizable funds in to keep the club running, probably accounting for much of their quoted '3 million to spend'. However, the fact they sunk that money into a failed project, it doesn't put them in a very good position for recovering their cash deficit, and certainly not for turning a profit on the sale, does it?
Simply put, I can pump as much money as I am able into any business venture, but if that project becomes a money pit with no profits and very few assets, then it doesn't become more valuable than it was when I purchased it purely because I sunk a pile on it. If I wanted out I'd have to take the hit.
If they'd managed to keep the club in League 1, or even progressed on further, then they could likely have turned a profit; or at least broken even. Either way, it'd likely have been worth more than a bargain basement League 2 club with an unfinished stand.

Yup. If you're savvy enough to make millions then you'll be savvy enough to offer the same quid that Bower paid according to Cardoza. Actually, probably less than a quid given the wage bill and the East Stand saga. We're probably talking 50p territory or getting the present owners to pay you to take it off their hands.

Or you'd wait for one of the semi regular financial disasters and pick it up for nowt in the ashes.
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« Reply #34 on: October 11, 2018, 08:17:56 am »

He knows it is bullsh, but suits the point(s) he is making    ..............well embellishes them!
This would Ricky Holmes who for 3 out of 4 seasons won player of the season at 3 different clubs before earning a move to the championship.
An absolute £400k bargain at the time of sale, so if Thomas accepted a bag full of rusty washers for him, those rusty washers were valued at £400k.
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« Reply #35 on: October 11, 2018, 08:29:08 am »

Beds i dont know where you get this figure of £400k for Holmes.I can assure you it was more like 150K
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« Reply #36 on: October 11, 2018, 08:40:12 am »

Beds i dont know where you get this figure of £400k for Holmes.I can assure you it was more like 150K

£125k from Northampton Town to Charlton Athletic
£450k from Charlton Athletic to Sheffield United
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« Reply #37 on: October 11, 2018, 09:07:10 am »

£125k from Northampton Town to Charlton Athletic
£450k from Charlton Athletic to Sheffield United

If that figure of £125k is true then it was daylight robbery - how on earth KT saw fit to accept such a derisory offer for our most important player is baffling. I appreciate that Holmes was obviously agitating for a move but to accept an offer that was nowhere near what he was worth is bordering on negligent.
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« Reply #38 on: October 11, 2018, 09:45:32 am »

It's hardly fag packet economics, and nowhere did I suggest that it's cheap or easy running a football club. And I don't doubt for a moment that KT/DB have had to pump sizable funds in to keep the club running, probably accounting for much of their quoted '3 million to spend'. However, the fact they sunk that money into a failed project, it doesn't put them in a very good position for recovering their cash deficit, and certainly not for turning a profit on the sale, does it?
Simply put, I can pump as much money as I am able into any business venture, but if that project becomes a money pit with no profits and very few assets, then it doesn't become more valuable than it was when I purchased it purely because I sunk a pile on it. If I wanted out I'd have to take the hit.
If they'd managed to keep the club in League 1, or even progressed on further, then they could likely have turned a profit; or at least broken even. Either way, it'd likely have been worth more than a bargain basement League 2 club with an unfinished stand.

No disagreement with pretty much all of this - no suggestion that fag packet economics was coming from you so apologies if that’s how it read
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« Reply #39 on: October 11, 2018, 10:09:51 am »

If that figure of £125k is true then it was daylight robbery - how on earth KT saw fit to accept such a derisory offer for our most important player is baffling. I appreciate that Holmes was obviously agitating for a move but to accept an offer that was nowhere near what he was worth is bordering on negligent.

His head had been turned by the bigger 'home town' club Charlton and that was all they were prepared to pay, despite us requesting 'quite a bit' more.
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