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Manwork04
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I’m glad James Whiting thinks being £8m in debt in a business that turns £5m and that is constantly taking top up loans from it owners is stable. Do people realise that all the money DB and KT have put into NTFC is a loan? |
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« Last Edit: April 01, 2021, 11:46:21 am by Manwork04 »
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Rule Britannia
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guest49
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It's obviously only going to get worse with very little match day income this season.
There has been some poor decision making to generate that total amount of debt over the past few years. We've had the odd cup run and player sale incoming too.
You could be thankful that the bills keep getting covered but not sure what that leaves the end position looking like.
It's fair to say they are in waist deep without a clear plan to recoup the losses or generate growth.
Have they got ball boys, stewards, car park attendants and passing dog walkers in the employee numbers?! Some Prem teams have around 1,000 so could be right. Does seem a lot though.
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guest2995
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Ref your claim that we are paying some of the lowest wages in League 1 can you advise on any source where you can be confident that they are fact. Sounds to me a typical B&S statement based on personal opinion presented as fact.
sadly it’s true and no i can’t tell you ! |
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Carton Lid
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I think the bars and catering are in house at the moment. I seem to remember this question coming up in previous years and being told that ALL the part time staff were included in those figures.
What I posted yesterday |
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West Stand
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I’m glad James Whiting thinks being £8m in debt in a business that turns £5m and that is constantly taking top up loans from it owners is stable.
Do people realise that all the money DB and KT have put into NTFC is a loan?
And what's that answer?  still not seen any. |
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singcobb
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I’m glad James Whiting thinks being £8m in debt in a business that turns £5m and that is constantly taking top up loans from it owners is stable.
Do people realise that all the money DB and KT have put into NTFC is a loan?
The money DB and KT put in is an investment. They obviously think that there is still a substantial amount of money to be made from the land and will keep putting money in until they don't. Should the club be sold I would assume they would want at least a percentage of the money returned and the land separated from the club. |
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guest49
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And what's that answer? still not seen any. 42? With no tangible assets the only answer to enable change is to write the debt off and let someone else have a go. You could say that will never happen but on the current trajectory it could be a case of continuingly putting your chips on '0'. It's proving to be an expensive project. You'll get to the point that you are never going to get back into the black, unless we have dreams of the Prem. Maybe there is some buried treasure on the land?! In the new Covid world real estate for leisure and retail must be falling through the floor, so that adds another dimension. People get beer delivered by little white bots these days to drink with their Uber Eats take out, whilst watching a streamed movie. The world is rapidly moving on but the East Stand remains the same. |
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guest2995
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how about knocking down the whole thing -
building a Rushden Lakes overlooking beautiful Upton , full of leisure experience venues -
and then building a nice compact stadium on say , the land where Rushden have demolished their stadium ?
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Shoemender
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how about knocking down the whole thing -
building a Rushden Lakes overlooking beautiful Upton , full of leisure experience venues -
and then building a nice compact stadium on say , the land where Rushden have demolished their stadium ?
Not the worst idea ever, but not a "compact" new ground and never out of Northampton. I'd love a ground right in the town centre. There's a prime building site right in the middle of town where there once was a perfectly adequate bus station. Any sugar daddy out there? |
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guest3429
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Quite frankly I find some of the comments here embarrassing.
The trouble here was all caused by Cardoza and without KT stepping in we would be fucked, simple as.
The stadium is poor and desperately needs improvement to generate funds but no sugar daddy, however wealthy would pour money into Sixfields at this moment until every loose end is tied, and unfortunately there are still many of them.
Until the mystery Arabian billionaire turns up some of you should be a lot less sceptical of James Whitings comments and be bloody thankful the club is in the position it is.
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Carton Lid
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Quite frankly I find some of the comments here embarrassing.
The trouble here was all caused by Cardoza and without KT stepping in we would be fucked, simple as.
The stadium is poor and desperately needs improvement to generate funds but no sugar daddy, however wealthy would pour money into Sixfields at this moment until every loose end is tied, and unfortunately there are still many of them.
Read Tony Clarkes comments on the Trust FB page to know the full story about "KT saved us" |
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guest3429
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Read Tony Clarkes comments on the Trust FB page to know the full story about "KT saved us"
Was Tony Clarke about to step in with his huge wealth? I don't go anywhere near Facebook but I can imagine, lots of criticism without a single solution. Anyone who thinks the club is being run badly can take over tomorrow if they wish. I'm no protagonist of KT, certainly not of TC either, just a realist. We all want Championship football in a decent stadium, we've always had fourth division football and a poor stadium, now one entangled with legal issues. Until somebody steps up with a solution or tens of millions of pounds to burn, end of conversation. |
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guest3429
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The money DB and KT put in is an investment. They obviously think that there is still a substantial amount of money to be made from the land and will keep putting money in until they don't.
Should the club be sold I would assume they would want at least a percentage of the money returned and the land separated from the club.
This, simple as really. |
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Carton Lid
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This is what Tony Clarke said.
"It's worth remembering that the deal struck between the current owners and NBC which saved the club, was almost identical to that which the Trust proposed at the time.
The only difference I remember being that the Trust couldn't afford to complete the East Stand without input from the Council, whereas the current owners stated their intention to self fund that work".
"There would have been a queue 40 deep to buy NTFC with the deal we got" is what KT said after the purchase of NTFC.
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Manwork04
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Quite frankly I find some of the comments here embarrassing.
The trouble here was all caused by Cardoza and without KT stepping in we would be fucked, simple as.
The stadium is poor and desperately needs improvement to generate funds but no sugar daddy, however wealthy would pour money into Sixfields at this moment until every loose end is tied, and unfortunately there are still many of them.
Until the mystery Arabian billionaire turns up some of you should be a lot less sceptical of James Whitings comments and be bloody thankful the club is in the position it is.
The second line of your comment is incorrect, you are making sh1t up and in your mind it’s fact, there were others who would have taken the club on and with funds, promises are cheap it’s actions that cost money just ask your “saviour “ Thomas. |
Rule Britannia
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singcobb
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The second line of your comment is incorrect, you are making sh1t up and in your mind it’s fact, there were others who would have taken the club on and with funds, promises are cheap it’s actions that cost money just ask your “saviour “ Thomas.
Well I never saw a list anywhere of these mythical others with funds who would have taken on the club that people keep referring to. If they were really that intersted the club has been up for sale for quite some time now. |
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Carton Lid
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Well I never saw a list anywhere of these mythical others with funds who would have taken on the club that people keep referring to.
If they were really that intersted the club has been up for sale for quite some time now.
The club was virtually debt free and was sold for £1, It's now £7M in debt and has an asking price of between £2M and £4M. A slight difference that could be the reason there are currently no buyers, don't you think? |
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singcobb
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The club was virtually debt free and was sold for £1, It's now £7M in debt and has an asking price of between £2M and £4M. A slight difference that could be the reason there are currently no buyers, don't you think?
You haven't told me who these phantom buyers were when the club was first sold to KT. People keep bleating on about them, but I think they never existed. |
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Carton Lid
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You haven't told me who these phantom buyers were when the club was first sold to KT. People keep bleating on about them, but I think they never existed.
Well KT thought they existed, that's why he said what he said. |
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guest49
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You haven't told me who these phantom buyers were when the club was first sold to KT. People keep bleating on about them, but I think they never existed.
I think the word at the time is that the ‘consortium’ would be able to pay the debt off but probably not be able to afford to finish the stand. So pretty much what KT has over promised and under delivered on. We’ll never know. |
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