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Kelvin Thomas

Poll
Question: Should KT remain in his position at NTFC ?  (Voting closed: January 15, 2019, 22:03:57 pm)
Yes - 40 (51.9%)
No - 37 (48.1%)
Total Voters: 74

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Author Topic: Kelvin Thomas  (Read 6901 times)
sammo4
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« Reply #160 on: January 14, 2019, 00:52:13 am »

Hi,

The way I understand the 5Usport debacle is as follows...

KT agreed to sell the 60% in northampton town ventures for $6mill. Due to issues in getting money out of china, this was to be paid on an installment plan. First payment was received to allow processing of contracts, and for us to go on a signing rampage under JED... loads of centre mids and no wingers if i remember right. This money was then going to fulfill KT promises from when he purchased us.

Much like our repayments to the council, the remaining scheduled payments never arrived. I believe to avoid embarrassment and being on the hook for more money, Belle De Jour (kt & db) created the loan charge against the security of NTFC shares as a way of getting back their share control from 5usport. This then gave them full control of Ventures again and the 75% + majority of the club. The loan money then funded JFH great escape transfer budget, we know how that ended up!

While KT & DB have majorly under delivered on the infrastructure and the club has gone in reverse and new ownership is required. I understand that the whole 5usport thing, along with the council inaction and untruths, led DB to just go screw this I am done with the stress and spending the money. Hence being put up for sale, nothing happening on development, budget being tightened.

I do not believe the expected gain from the sale of the 60% of Ventures to 5usport gave either of them the return that has been previously mentioned in the thread, along with a portion that was meant to be funding players.

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JollyCobbler
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« Reply #161 on: January 14, 2019, 01:02:57 am »

Hi,

The way I understand the 5Usport debacle is as follows...

KT agreed to sell the 60% in northampton town ventures for $6mill. Due to issues in getting money out of china, this was to be paid on an installment plan. First payment was received to allow processing of contracts, and for us to go on a signing rampage under JED... loads of centre mids and no wingers if i remember right. This money was then going to fulfill KT promises from when he purchased us.

Much like our repayments to the council, the remaining scheduled payments never arrived. I believe to avoid embarrassment and being on the hook for more money, Belle De Jour (kt & db) created the loan charge against the security of NTFC shares as a way of getting back their share control from 5usport. This then gave them full control of Ventures again and the 75% + majority of the club. The loan money then funded JFH great escape transfer budget, we know how that ended up!

While KT & DB have majorly under delivered on the infrastructure and the club has gone in reverse and new ownership is required. I understand that the whole 5usport thing, along with the council inaction and untruths, led DB to just go screw this I am done with the stress and spending the money. Hence being put up for sale, nothing happening on development, budget being tightened.

I do not believe the expected gain from the sale of the 60% of Ventures to 5usport gave either of them the return that has been previously mentioned in the thread, along with a portion that was meant to be funding players.



Cheers, Kelvin. Wink
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The Rauldinho
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« Reply #162 on: January 14, 2019, 05:56:39 am »

Why should the Trust waste time and energy on rumours?

It doesn't take much time or energy to say yes or no to confirming statements made by people does it?
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Irchy cob
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« Reply #163 on: January 14, 2019, 08:41:08 am »

Why should the Trust waste time and energy on rumours?

Unless Iím missing something it was someone on the Trust board who started the rumour!
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clarkeysntfc
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« Reply #164 on: January 14, 2019, 09:38:48 am »

Unless Iím missing something it was someone on the Trust board who started the rumour!

Correct, DrillingCobbler is a trust board member and is making borderline libelous accusations on here.
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« Reply #165 on: January 14, 2019, 09:54:58 am »

Correct, DrillingCobbler is a trust board member and is making borderline libelous accusations on here.
What has him being a Trust board member got to do with anything? As he stated, he is posting his thoughts, just like I post my thoughts, as lots of people have said, it's not the place of the Trust to comment on rumours.
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« Reply #166 on: January 14, 2019, 10:22:06 am »

What has him being a Trust board member got to do with anything? As he stated, he is posting his thoughts, just like I post my thoughts, as lots of people have said, it's not the place of the Trust to comment on rumours.

I think the point is it's a very fine line. You don't hear Theresa May saying "I think the Germans are a bunch of ****s, but that's just my personal opinion and nothing to do with my role as PM." Like it or not, if you choose to represent an organisation then there's a blurring between what are your personal statements and the statements of the organisation itself, meaning a degree of circumspection is required as a result.
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« Reply #167 on: January 14, 2019, 10:41:52 am »

What has him being a Trust board member got to do with anything? As he stated, he is posting his thoughts, just like I post my thoughts, as lots of people have said, it's not the place of the Trust to comment on rumours.


I find that comment incredulous as if Drilling as a Trust Board Member has independently made these comments then they are unwise.
« Last Edit: January 14, 2019, 10:49:30 am by everbrite » Report Spam   Logged

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« Reply #168 on: January 14, 2019, 10:45:13 am »

Well said Beds

You can't get KT to give you a straight answer about anything let alone offshore money from China via Dubai / BVI etc so I doubt very much you will ever get an answer about who owns what, how much money, where the money come from etc

Posters saying that the Chinese would not give £6m and walk away, well I would not be surprised if that money was 'dirty' and is not worth anywhere near the same as clean money. The FACT (sorry but it is) that KT / Bower etc hold most of the companies in offshore businesses tells you all you need to know, especially when you add in some of their broken promises and dubious (at best) practices of screwing over fans and NBC council

Again KT is the front man so he get most of the praise / stick, my first thought was if he had got £6m then why not walk away, but thinking about it I bet he never saw much of that money, afterall Bower / Chinese / Dubai are the money men, KT is a glorified lacky running around for all these 'rich' folk, fronting as a football man.



This needs to stop. If we have a fight on our hands, lets at least make it a clean fight. Nobody, including the Trust, is going to benefit from making allegations that cannot be substantiated. Anything that is used to fight with now, that is found to be untrue at a later stage, will absolutely blow the credibility of any party that is interested in taking over NTFC.

Nothing that I have heard so far, suggest that either KT or Bowers walked away with vast sums of money. Equally, there is no confirmation from anywhere demonstrating the extent of losses, if indeed there are any. I have heard all sort of figures, from many sources. Not one of them with an ounce of proof. I haven't spoke about any of these rumours at all. I will not, until I see something to corroborate these RUMOURS.

So let's get this straight. We know that we are getting rid of high earners. We know that we have seen very little, if any real progress under the current board. We know that we haven't had satisfactory answers to questions directed at KT. We know that more and more of the support are getting disillusioned. We know that the current regime has spent a disproportionate amount of time concentrating on land deals, rather than improving the squad or the infrastructure. I think there is plenty to deal with just using the FACTS as we know them.
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« Reply #169 on: January 14, 2019, 10:47:36 am »

The issue for Kelvin might not be the result of the poll on this thread but that it exists at all.

In a vacuum of information and press rigour then rumour nearly always fills the gap. 5USPORTS have not commented to date, maybe if they did the situation would be clarified. Unfortunately there are so many unanswered questions that when the club board plug one hole another bursts open.

So called libellous comments are by the by. Not all controversial comments are libellous, the only become so when the recipient decides they are defamatory and successfully sues in court. Kelvin Thomas suing a valued and passionate Cobblers fan would be the beginning of the end of his tenure.

The £6million fee is a side-issue, important but part of a bigger issue. We need to be looking at what the football club will look like when KT departs (as he will, like all other owners) as much as what is happening presently.

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« Reply #170 on: January 14, 2019, 10:47:47 am »

so the Daily Mail publish that KT / DC were paid £6m for a share of NTFC, the same NTFC that they paid almost nothing for whilst broken promise after broken promise and some posters can only post about Drilling as a board member should not post his opinions on here !

Then them same posters complain they are not kept up to date and also ask the Trust to prove how much KT got from the 'sale'. THE WHOLE POINT IS IT WAS DONE IN SECRECY IN OFF SHORE ACCOUNTS ffs Governments struggle to get info from there so how do you expect us to?  

I take the view that if people are not anti how the board has dealt with NTFC then they support it, if they are neither then they have no opinion, time has long gone for the wait and see. Nothing is happening with NTFC, we are not progressing, as usual we are behind the times, it is time to stand up and fight for the club you all love, but this time we need to get some control and say. That way if China come knocking with £6m we say ok great, we will build training facilities and retain 25% ownership etc, not deposit it off-shore so Drilling and Barton can sail off round the world together  Grin



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meccanostand
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« Reply #171 on: January 14, 2019, 10:51:07 am »

This needs to stop. If we have a fight on our hands, lets at least make it a clean fight. Nobody, including the Trust, is going to benefit from making allegations that cannot be substantiated. Anything that is used to fight with now, that is found to be untrue at a later stage, will absolutely blow the credibility of any party that is interested in taking over NTFC.

Nothing that I have heard so far, suggest that either KT or Bowers walked away with vast sums of money. Equally, there is no confirmation from anywhere demonstrating the extent of losses, if indeed there are any. I have heard all sort of figures, from many sources. Not one of them with an ounce of proof. I haven't spoke about any of these rumours at all. I will not, until I see something to corroborate these RUMOURS.

So let's get this straight. We know that we are getting rid of high earners. We know that we have seen very little, if any real progress under the current board. We know that we haven't had satisfactory answers to questions directed at KT. We know that more and more of the support are getting disillusioned. We know that the current regime has spent a disproportionate amount of time concentrating on land deals, rather than improving the squad or the infrastructure. I think there is plenty to deal with just using the FACTS as we know them.

Agree with the majority of that. The 5USports saga will be investigated (and it is being) but it's a side issue.
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Terryfenwickatemyhamster
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« Reply #172 on: January 14, 2019, 10:54:24 am »

In order to protect this site I am locking this thread. Please be mindful on other threads, and I know this for sure. You will be asked to substantiate what you post.

You have to remember... Only post what you know. Discussion and debate, does not entitle you to speculate on what you "believe" to be the truth. If you have facts, then share them. But remember.. You are being watched. You have a responsibility to all employees at NTFC and this board. Libel is simple. You can say what you know. Not what you think.
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