everbrite
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Such a flippant comment on other peoples livelihood's and with furlough ending soon and volume of potential redundancies as a result of that, pretty insensitive post. You aren't the bloke running Weatherspoons are you, as a minimum you must be a true Thatcherite?
If that was the boards attitude some players agents would be clambering to take the club for early contract termination fees plus be all over the press with bad publicity for the club ensuring we struggle to get players going forward.
You might be right about not signing any more players but your creditability sinks to a new low
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2020 Grand National S/S 3rd Place
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guest2995
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Such a flippant comment on other peoples livelihood's and with furlough ending soon and volume of potential redundancies as a result of that, pretty insensitive post. You aren't the bloke running Weatherspoons are you, as a minimum you must be a true Thatcherite?
If that was the boards attitude some players agents would be clambering to take the club for early contract termination fees plus be all over the press with bad publicity for the club ensuring we struggle to get players going forward.
You might be right about not signing any more players but your creditability sinks to a new low
Not flippant at all . The reality is that football is in a perilous position with an uncertain future . The club has to safeguard itself financially . This could well mean curtailing further spending on players and potential cost cutting in all areas . The football club is no different to any business in these times . Quite why you are so surprised or taken aback by that statement , I fail to see . It’s happening across the entire country .
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CobblerForever
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Not flippant at all . The reality is that football is in a perilous position with an uncertain future . The club has to safeguard itself financially . This could well mean curtailing further spending on players and potential cost cutting in all areas . The football club is no different to any business in these times . Quite why you are so surprised or taken aback by that statement , I fail to see . It’s happening across the entire country .
B&S in a legal sense you are certainly correct. The Directors are required by company law to run the business as a going concern which in these times of substantially reduced revenues means cutting costs unless they are prepared to invest further funds (or other's are prepared to do so). I would imagine that your reference to redundancies caused the reaction. Whilst the company is deemed solvent it is obliged to honour the player's contracts in full unless they agree otherwise.
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Wattie
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B&S in a legal sense you are certainly correct. The Directors are required by company law to run the business as a going concern which in these times of substantially reduced revenues means cutting costs unless they are prepared to invest further funds (or other's are prepared to do so). I would imagine that your reference to redundancies caused the reaction. Whilst the company is deemed solvent it is obliged to honour the player's contracts in full unless they agree otherwise.
It was the redundancy comment that set me off, too close to my heart and am expecting so many friends to be receiving consultation or redundancy letters very. I had no issue with not signing anymore players or looking to get players off the books to save money, in fact I am surprised we have bought so many in without offloading others, I have said for the whole summer that our signings should be of a cost to protect the clubs future, not spending silly money on players. I just think there are so many other areas to explore before the club considers redundancies whether it be players or staff.
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Ragdoll Cobbler
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It was the redundancy comment that set me off, too close to my heart and am expecting so many friends to be receiving consultation or redundancy letters very. I had no issue with not signing anymore players or looking to get players off the books to save money, in fact I am surprised we have bought so many in without offloading others, I have said for the whole summer that our signings should be of a cost to protect the clubs future, not spending silly money on players.
I just think there are so many other areas to explore before the club considers redundancies whether it be players or staff.
We've released/sold 15 or 16 players I think & at least two of those (Turnbull & Waters) were on very decent money... We've only bought in 10 so far... I think it's already pretty good housekeeping by KC We are in good hands as no other manager would be so careful with our transfer budget
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claretparrot
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Ultimately, it's in KT/DB's interests more than anyone else not to overreach and it's their final decision on transfers too. I don't think we need to worry too much, especially if you read KT's latest comments on the subject.
Edit. The comments I was referring to below:
"I think we're still looking at bringing in a defender and a forward but there is going to be a challenge, which doesn't necessarily impact us as much because we set our budget up in a way that accommodated this," "...we have money in the budget and we're not changing that after Tuesday's news because we intend to see that through."
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« Last Edit: September 24, 2020, 09:21:12 am by claretparrot »
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cobbler151
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Just seen the gaffer at the ground... looked busy on the phone
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« Last Edit: September 24, 2020, 09:22:40 am by cobbler151 »
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everbrite
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It was the redundancy comment ...etc
I just think there are so many other areas to explore before the club considers redundancies whether it be players or staff.
Which are ?
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2020 Grand National S/S 3rd Place
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guest49
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We'd be crazy to add to the wage bill at the moment and I'm sure there are some people (sadly) twitching in the NTFC family, if no-one has been released already. That Goode money came at the right time.
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everbrite
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We'd be crazy to add to the wage bill at the moment and I'm sure there are some people (sadly) twitching in the NTFC family, if no-one has been released already. That Goode money came at the right time.
Probably best time to buy a player or two. Personally will support the club if they do do provided players are good and within the budget😎
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2020 Grand National S/S 3rd Place
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Melbourne Cobbler
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To be honest I am genuinely shocked we haven’t seen a couple of clubs go bang already? Given the number of clubs who’s financial position was described as critical pre-covid, it’s baffling me? I am actually starting to wonder if their isn’t a bit of managing expectations going on, like undisclosed transfers? I’m sure it’s not the case because finances are so open to scrutiny, but it is slightly puzzling?
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Not a real supporter but unelected chair of the Northampton Town Honorary Supporters Club. (Please note: any opinions given may not necessarily be shared by proper supporters. In incidents of conflict the views of real supporters shall take precedence).
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guest49
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Probably best time to buy a player or two. Personally will support the club if they do do provided players are good and within the budget😎
If you have a spare couple of grand a week I'm sure there are some worthier causes Joking aside, if push comes to shove in the future I hope that elusive local consortium still have deep pockets.
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Manwork04
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To be honest I am genuinely shocked we haven’t seen a couple of clubs go bang already? Given the number of clubs who’s financial position was described as critical pre-covid, it’s baffling me? I am actually starting to wonder if their isn’t a bit of managing expectations going on, like undisclosed transfers? I’m sure it’s not the case because finances are so open to scrutiny, but it is slightly puzzling?
Fcuk me Melly you are beginning to make me look like a happy clapper 👏😂
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Rule Britannia
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guest3359
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To be honest I am genuinely shocked we haven’t seen a couple of clubs go bang already? Given the number of clubs who’s financial position was described as critical pre-covid, it’s baffling me? I am actually starting to wonder if their isn’t a bit of managing expectations going on, like undisclosed transfers? I’m sure it’s not the case because finances are so open to scrutiny, but it is slightly puzzling?
How long would it take to build up debts of 500k +? Genuine question as I would imagine a lot of clubs debts are building but being 'managed'. The winding up petition on NTFC took time to build, as would have the ones for Macclesfield etc. It wont be long, especially now with the fan trials stopped that a few will break I imagine. Probably be 4-5 at the same time.
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Melbourne Cobbler
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How long would it take to build up debts of 500k +? Genuine question as I would imagine a lot of clubs debts are building but being 'managed'. The winding up petition on NTFC took time to build, as would have the ones for Macclesfield etc. It wont be long, especially now with the fan trials stopped that a few will break I imagine. Probably be 4-5 at the same time.
We turnover 4 million a year and given that the owners put in 5 million over 5 years a fairly rough guide is that it costs 5 million a year to run NTFC. That’s £416,666.66 a month with zero income. Of course there will still be some revenue streams, so it depends what percentage of income is related to gate receipts? Even if it was half, and I don’t believe it is that much, it would take just over 10 weeks. It’s probably nearer 6 weeks.
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Not a real supporter but unelected chair of the Northampton Town Honorary Supporters Club. (Please note: any opinions given may not necessarily be shared by proper supporters. In incidents of conflict the views of real supporters shall take precedence).
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Melbourne Cobbler
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Fcuk me Melly you are beginning to make me look like a happy clapper 👏😂
I’m Mr Brightside Manny. If we go bust there’s a fair chance the East Stand will eventually get bulldozerd, every cloud?
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Not a real supporter but unelected chair of the Northampton Town Honorary Supporters Club. (Please note: any opinions given may not necessarily be shared by proper supporters. In incidents of conflict the views of real supporters shall take precedence).
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Deepcut Cobbler
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“They shall grow not old as we that are left grow old: Age shall not weary them, nor the years condemn. At the going down of the sun and in the morning We will remember them.” Laurence Binyon
The Hotelend Grand National Sweepstake Champion 2009
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everbrite
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I’m Mr Brightside Manny. If we go bust there’s a fair chance the East Stand will eventually get bulldozerd, every cloud?
Can we stick to thread title chaps - its one of life's few remaining pleasures to read of exciting rumours on here.
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2020 Grand National S/S 3rd Place
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Shoemaker
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After reading this I fully expect David nugent to sign tomorrow
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Mysterious Curle
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Callum Morton dropped to the bench at the weekend and tonight is out of the squad
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