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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 6910 times)
BedsCobb
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« Reply #140 on: January 13, 2019, 08:06:10 am »

Here we go again, define exactly how much you consider the 50% figure you have just pulled out of your @rse to be? Given that your latest business plan apparently required no funding and was to be fulfilled entirely on profit I think itís a fair question? To be honest Beds if the possibility arose, I would be keen to get involved in true fan ownership from a share purchase perspective. Incidentally if the opportunity arose will you be getting involved financially, or is this purely a theoretical keyboard exercise from your perspective? Last time I asked this question, you came up with the no capital plan so I feel another tangent coming on?
Northampton has a great central, easy to get location, the football club  has an untapped catchment of 300,000 living within  10 miles of stadium.
Currently less than 2% of the potential catchment currently turn up to watch, I think the average for British towns and cities is nearer 5% so if we were to increase our support base by a measly 1 or 2% watching competitive  league 1 football equates to 8 to 10,000 average gates.
Yes it would require many long term corporate boxes being sold in advance to local buisneses to finance the finishing of the east stand and the construction of a 3000 bank of terracing built up behind the South stand seats to give the ground the extra capacity it needs and a more professional look to enhance a big game atmosphere the  fans want to see at games or get involved with.
Selling 3 year fixed priced transferable season tickets to fans and buisneses would help fund the ground expansion   add a number of other well known fund raising schemes that worked well at other clubs, and we are well on our way.
For our club to advance this must happen, that's why the next people to take over at the club need to want our club to grow and to escape the previous 20 years of stagnation.
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1971cobbler
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« Reply #141 on: January 13, 2019, 08:43:31 am »

BedsCobb pursues his view with consistency and passion, his optimism and positivity for the next owners to be people who care for the club surely cannot be denied. The last 2 owners have simply had their eye on a land grab and have only had an interest in the football side of things if it added value. Let's face it, there is very little financial gain to be had from a fourth division football club. Instead of the constant negativity and cynicism applied by others, maybe they should get together with BedsCobb and others with his passion to use their much-boasted business prowess to get the financials right instead of taking delight in shooting him down.

Spot on. Whilst I agree that there needs to be more substance behind Beds thoughts, as Melbourne says, it is at least worth exploring.
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meccanostand
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« Reply #142 on: January 13, 2019, 09:16:59 am »

Spot on. Whilst I agree that there needs to be more substance behind Beds thoughts, as Melbourne says, it is at least worth exploring.

Let me insert a bit of calm here. Beds has plenty of good ideas which is a great thing, although to my knowledge he hasn't presented them anywhere else other than to Kelvin privately and on here.

This messageboard is not representative of the success or otherwise of the various ownership models in existence around the country and beyond.

In the next few days details of a professional, strategic discussion of the ownership and vision of the football club via the supporters' trust will be forthcoming. Obviously fans need to be treated with the requisite respect and furnished with the information to make educated appraisals of this situation.

A lot of the infighting is unnecessary and there is no need to hound Kelvin Thomas. A lot of the issues at the club pre-date him.

 This should put Melbourne's and other minds at rest. Have a good weekend and enjoy the 3 points!






 
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guest2090
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« Reply #143 on: January 13, 2019, 09:56:38 am »



A lot of the infighting is unnecessary and there is no need to hound Kelvin Thomas. A lot of the issues at the club pre-date him.
 

 


absolutely, but if people (members of the trust board) are to sprinkle on this message board rumours of KT making £5-7m in a few months via the football club but for no benefit of it, what are the supporters to think?
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The Rauldinho
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« Reply #144 on: January 13, 2019, 10:12:06 am »

absolutely, but if people (members of the trust board) are to sprinkle on this message board rumours of KT making £5-7m in a few months via the football club but for no benefit of it, what are the supporters to think?

And still no official response from the Trust on these rumours either.
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meccanostand
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« Reply #145 on: January 13, 2019, 10:39:53 am »

It should never be the trust's role to deal with rumour. Rumours will whirl unfortunately in the absence of public information from the club and press scrutiny.

Transparency within the club and around it is something I'm keen to address.

A six million fee was referenced by the Mail at the time. If the club had issue with it they had the requisite channels to issue a retraction of the story.
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wazzacobbler
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« Reply #146 on: January 13, 2019, 10:56:40 am »

It's members of the Trust's board that have stated these runours!
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guest2090
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« Reply #147 on: January 13, 2019, 11:05:00 am »

It should never be the trust's role to deal with rumour. Rumours will whirl unfortunately in the absence of public information from the club and press scrutiny.

Transparency within the club and around it is something I'm keen to address.

A six million fee was referenced by the Mail at the time. If the club had issue with it they had the requisite channels to issue a retraction of the story.


come on this is spin, the mail indicated the chinese paid £6m for the shareholding.  it is only this message board, from members of the trust board that have stated KT made £5-7m personally out of the sale and re purchase of NTFC shares.  member of the trust board started the rumour and even stated they had no evidence to support it.
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meccanostand
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« Reply #148 on: January 13, 2019, 11:05:31 am »

It's members of the Trust's board that have stated these runours!

Again the £6 million figure was referenced in a Daily Mail piece at the time by respected journalist Ian Herbert. The Club had recourse to demand a retraction of the story and an apology should it be false.

https://www.dailymail.co.uk/sport/football/article-4742848/Northampton-Town-new-Chinese-investment.html
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« Reply #149 on: January 13, 2019, 11:09:39 am »

Again the £6 million figure was referenced in a Daily Mail piece at the time by respected journalist Ian Herbert. The Club had recourse to demand a retraction of the story and an apology should it be false.

https://www.dailymail.co.uk/sport/football/article-4742848/Northampton-Town-new-Chinese-investment.html

you're missing the point.  its not about the purchase.  its the profit from the sale and purchase and the personal profit that kt apparently made out of it.
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Manwork04
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« Reply #150 on: January 13, 2019, 11:10:51 am »

The fact of the matter is a local consortium of businessmen with a 75% shareholding and a fan owned 25% would have the football club as its priority, not land, not stashing millions in off shore tax havens but putting money into the infrastructure and playing side as and when the funds become avalible.
There are lots of companies out there that will come up with a business plan for us, Delloitte, PwC, E&Y etc.
I would be willing to invest into the fans part but to make this work we are talking 1000's per supporter.
What I do know is getting rid of the incumbents must be a priority.
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Manwork04
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« Reply #151 on: January 13, 2019, 11:12:26 am »

you're missing the point.  its not about the purchase.  its the profit from the sale and purchase and the personal profit that kt apparently made out of it.
If your so sure it's false prove otherwise.
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Carlo Corazzins Corduroy
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« Reply #152 on: January 13, 2019, 11:40:18 am »

Stupid question but - does Kelvin Thomas or any of his backers actually lose any of their personal wealth if the club fails to breakeven? Or is the debt just leveraged back against the club for whoever is next to take over? Would the directors draw a salary in the meantime?

My understanding is the only initial outlay is the purchase of the club. (which I assume was very minimal given Cardoza's legal state)


Honestly - I have no idea why anyone would risk their own wealth to try and make a profit out of a football club. Without TV money barely any seem to turn a profit, and if do it's almost instantly swallowed up as re-investment. 
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DrillingCobbler
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« Reply #153 on: January 13, 2019, 13:37:43 pm »

come on this is spin, the mail indicated the chinese paid £6m for the shareholding.  it is only this message board, from members of the trust board that have stated KT made £5-7m personally out of the sale and re purchase of NTFC shares.  member of the trust board started the rumour and even stated they had no evidence to support it.

I assume you are referring to me, mate.

My posts on here are representative of me and me only, not the Trust. All I can say on the matter is I have a very reliable source, but even he is 85% sure and like I said, it cannot be proved. So to take it to the next step, would be entering very dangerous territory. The transactions are not traceable, at least via the 'tools' any of us can use. So its not like it was under DC when it was easy to prove that dodgy dealings were happening. One of my posts relating to the matter was for people to 'keep an open mind'.

The Trust have another board meeting next Thursday to discuss our short term strategy (amongst other things), we are also exploring fan ownership models as has been mentioned. At this point in time there is not a lot to add.

In summary; just because trust board members post things that are maybe deemed as being sensitive, it doesn't mean that as a Trust we can go down that route. Rumours circulate all over the place. I am also happy to say that I know for a FACT that several meetings occurred in the run up to Christmas between KT and a wealthy local business man, who appears to be very reputable. Im not saying who he is, and wont respond to PM's on the matter; again, that is me, NOT THE TRUST, taking that stance. What the Trust need to do (in my opinion) and I will be banging that particular drum, is to start ramping up the pressure on KT to be more transparent. Whether we do that or not and to what level in the short term, is down to the board as a whole. Personally, I think we should be going all out attack and thats based on 3 years 3 months of zero investment on infrastructure, absolutely no publicised 'plan of action', no apparent short term business strategy let alone mid-long term one, no public clarification as to what is and what isn't up for sale (club, leases/land etc), accounts/businesses set up in 'dream locations'. I could go on. Essentially I am not one bit happy with the running of the football club at this moment in time.
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Vintage Cobbler
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« Reply #154 on: January 13, 2019, 15:32:49 pm »

Personally, I think we should be going all out attack and thats based on 3 years 3 months of zero investment on infrastructure, absolutely no publicised 'plan of action', no apparent short term business strategy let alone mid-long term one, no public clarification as to what is and what isn't up for sale (club, leases/land etc), accounts/businesses set up in 'dream locations'. I could go on. Essentially I am not one bit happy with the running of the football club at this moment in time.

Neatly put by Drilling and sums up where I am at with the present owners and have been for some time.
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Manwork04
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« Reply #155 on: January 13, 2019, 15:35:49 pm »

Personally, I think we should be going all out attack and thats based on 3 years 3 months of zero investment on infrastructure, absolutely no publicised 'plan of action', no apparent short term business strategy let alone mid-long term one, no public clarification as to what is and what isn't up for sale (club, leases/land etc), accounts/businesses set up in 'dream locations'. I could go on. Essentially I am not one bit happy with the running of the football club at this moment in time.

Neatly put by Drilling and sums up where I am at with the present owners and have been for some time.
Same goes for me, the current owners are well passed their sell by date.
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CobblerForever
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« Reply #156 on: January 13, 2019, 16:17:13 pm »

Stupid question but - does Kelvin Thomas or any of his backers actually lose any of their personal wealth if the club fails to breakeven? Or is the debt just leveraged back against the club for whoever is next to take over? Would the directors draw a salary in the meantime?

My understanding is the only initial outlay is the purchase of the club. (which I assume was very minimal given Cardoza's legal state)


Honestly - I have no idea why anyone would risk their own wealth to try and make a profit out of a football club. Without TV money barely any seem to turn a profit, and if do it's almost instantly swallowed up as re-investment. 

The Debt would be up for dealing with in the sale agreement.
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Another Pedj
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« Reply #157 on: January 13, 2019, 16:28:28 pm »

I assume you are referring to me, mate.

My posts on here are representative of me and me only, not the Trust. All I can say on the matter is I have a very reliable source, but even he is 85% sure and like I said, it cannot be proved. So to take it to the next step, would be entering very dangerous territory. The transactions are not traceable, at least via the 'tools' any of us can use. So its not like it was under DC when it was easy to prove that dodgy dealings were happening. One of my posts relating to the matter was for people to 'keep an open mind'.

The Trust have another board meeting next Thursday to discuss our short term strategy (amongst other things), we are also exploring fan ownership models as has been mentioned. At this point in time there is not a lot to add.

Interesting. The transactions should be easily traceable through the returns on Northampton town foot club or ventures.

Are you insinuating Money Laundering?

In summary; just because trust board members post things that are maybe deemed as being sensitive, it doesn't mean that as a Trust we can go down that route. Rumours circulate all over the place. I am also happy to say that I know for a FACT that several meetings occurred in the run up to Christmas between KT and a wealthy local business man, who appears to be very reputable. Im not saying who he is, and wont respond to PM's on the matter; again, that is me, NOT THE TRUST, taking that stance. What the Trust need to do (in my opinion) and I will be banging that particular drum, is to start ramping up the pressure on KT to be more transparent. Whether we do that or not and to what level in the short term, is down to the board as a whole. Personally, I think we should be going all out attack and thats based on 3 years 3 months of zero investment on infrastructure, absolutely no publicised 'plan of action', no apparent short term business strategy let alone mid-long term one, no public clarification as to what is and what isn't up for sale (club, leases/land etc), accounts/businesses set up in 'dream locations'. I could go on. Essentially I am not one bit happy with the running of the football club at this moment in time.
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« Reply #158 on: January 13, 2019, 16:33:09 pm »

The fact of the matter is a local consortium of businessmen with a 75% shareholding and a fan owned 25% would have the football club as its priority, not land, not stashing millions in off shore tax havens but putting money into the infrastructure and playing side as and when the funds become avalible.
There are lots of companies out there that will come up with a business plan for us, Delloitte, PwC, E&Y etc.
I would be willing to invest into the fans part but to make this work we are talking 1000's per supporter.
What I do know is getting rid of the incumbents must be a priority.
Just an observation Manny, but what you are proposing here is that fans put in thousands per supporter whilst a consortium of business people hold the 75% majority control. In this scenario what would stop the consortium selling out to another Cardoza or Thomas if things get tough or unpalatable? If this is going to be investigated in my opinion the ownership must be set up along the lines of at least 55% fan owned and capped at minimum of 0.1% per supporter. The other 45% should be split amongst individual shares from corporate bodies and the like. That would dictate that a considerable number of supporters would need to combine with the total corporate share to sell the club back to square one. If this is going to be properly considered then a complete break from past structures that protects the club from reverting to this position ever again has to be the aim. Otherwise what is the point? A proposal along those lines would receive enthusiastic support from me including personal investment. Assuming it gets this far, any compromise on majority fan ownership with a low level cap on shareholding and I for one wonít be interested.
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SteveRiches
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« Reply #159 on: January 13, 2019, 23:58:01 pm »

And still no official response from the Trust on these rumours either.
Why should the Trust waste time and energy on rumours?
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