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west stand oap
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« Reply #20 on: March 28, 2024, 19:27:30 pm »

Wrexham lost £5million and after only being there 3 years the Hollywood boys are owed £9million.
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DavCobb
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« Reply #21 on: March 28, 2024, 19:47:31 pm »

Wrexham lost £5million and after only being there 3 years the Hollywood boys are owed £9million.

I’d imagine they can well afford it and their PR would have brought in a shed load. It’ll get more expensive if they climb higher.
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itsme
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« Reply #22 on: March 28, 2024, 20:04:42 pm »

Losing 1 million a year is never going to end well long term

But tet some fans would still like us to spend more on players and be even further in debt
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Manwork04
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« Reply #23 on: March 28, 2024, 20:06:29 pm »

Losing 1 million a year is never going to end well long term

But tet some fans would still like us to spend more on players and be even further in debt
You do know we are in debt to the people that own us ?
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Rule Britannia
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« Reply #24 on: March 28, 2024, 20:47:38 pm »

You do know we are in debt to the people that own us ?

You do know that’s the picture for virtually every football league club.

But we are in a better position than most. Because our owners can’t sell the ground to service any debt. 

We are at the thick end of knowing what the end game is. Panicking and scaremongering now won’t change a thing.
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itsme
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« Reply #25 on: March 28, 2024, 21:39:37 pm »

You do know we are in debt to the people that own us ?

Yes that's correct but doesn't mean at some point they won't want to call that debt in
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Melbourne Cobbler
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« Reply #26 on: March 28, 2024, 22:26:17 pm »

Just been cross referencing this with some of the comments on the FAB thread and the government white paper on reform. I think it’s fair to say it paints a rather confusing picture.
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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).
Melbourne Cobbler
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« Reply #27 on: March 28, 2024, 22:42:48 pm »

It is
Until you have a player you can sell for 3/4 million to bring things back to a more manageable level.
The fact is you do have to speculate to accumulate to achieve this.
That is why Peterborough are sitting on several millions of pounds worth of player assets and we are not.
Let’s see what investment David can get into the club this summer to help us implement a similar plan.
As pointed out Peterborough have run up a massive debt, including significant amounts to external bodies that dropped them right in the shít. Not singling this post out in particular but posts of this type are commonplace. How exactly do people suppose owners are speculating in these scenarios, and where lies and who do you suppose the biggest risk is to? How many times does it have to be said, there is a massive difference between owners who self fund debt and those like Peterborough who expose a club to external risk with outcomes they may not be able to control.

The fact is they absolutely don’t have to speculate like Peterborough, neither should they expose a club and its supporters with a hundred + years of history to it on some personal whim. If the government get their way they won’t, and finally this nonsense and the relentless shít advice from a section of the support base will come to an end.

Like it or not, massive credit to the owners for not subjecting your club to this bóllocks. Q the usual foot stamping hysterics and misinformation.

https://www.bbc.com/sport/football/68128365
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Melbourne Cobbler
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« Reply #28 on: March 28, 2024, 23:10:23 pm »

Yes that's correct but doesn't mean at some point they won't want to call that debt in
Genuine question, what happens if they do? I’m guessing they’re fúcked, perhaps someone knows different.
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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).
DavCobb
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« Reply #29 on: March 28, 2024, 23:38:09 pm »

Genuine question, what happens if they do? I’m guessing they’re fúcked, perhaps someone knows different.

Sell the £2.531m worth of tangible assets? That probably includes the goalposts.
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Melbourne Cobbler
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« Reply #30 on: March 28, 2024, 23:51:11 pm »

Sell the £2.531m worth of tangible assets? That probably includes the goalposts.
I’m guessing a lot of that is the estimated value of the playing squad. Good luck with that in a fire sale as part of a “call in” of the debt. It’s all guesswork, but of the circa 7 million debt I reckon they’d maybe get between 1 & 2 million back. Just a hunch but I reckon they’ll perhaps keep doing what they’re doing. Once the East Stand/land projects are completed I wonder what the longer term plan is? I see KT has again welcomed the government white paper proposal.

“These numbers however also highlight the tough challenges that EFL clubs face and the need for a reset of football finances. The recent introduction of the Football Governance Bill and the upcoming appointment of a Football Regulator cannot come soon enough for football.”

Hopefully this initiative will protect the long term future of the club against most eventualities.
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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).
CobblerForever
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« Reply #31 on: March 28, 2024, 23:56:32 pm »

I’m guessing a lot of that is the estimated value of the playing squad.

The majority of that arises from the initial work on redeveloping the East Stand (refer to the year ended June 30th 2014 financial statements - when the Cordoza's owned the club).
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« Reply #32 on: March 29, 2024, 00:15:31 am »

Most of that is the cost of putting all that seating back in the East Stand when the current owners acquired the club.
Really, wonder if they can sell those as part of the “debt call in”. I’ll take 3, we always need extra chairs at Christmas.
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CobblerForever
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« Reply #33 on: March 29, 2024, 00:21:44 am »

Really, wonder if they can sell those as part of the “debt call in”. I’ll take 3, we always need extra chairs at Christmas.

Sorry. I took the trouble to go back and look at the financial statements in detail and altered my original post - about £131k refers to putting back in the seating.
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Observing
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« Reply #34 on: March 29, 2024, 00:22:47 am »

They’ll obviously recoup a fair amount of that £7m from the land deal. That’s coming knowledge isn’t it?

You know a lot of owners charge interest on the debt owed to them?
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Melbourne Cobbler
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« Reply #35 on: March 29, 2024, 00:32:08 am »

Sorry. I took the trouble to go back and look at the financial statements in detail and altered my original post - about £131k refers to putting back in the seating.
Either way, there won’t be any calling in of any debt. There might be a structured repayment following a land deal, looks like that may be interest free too, if the current position is maintained.

To be clear there is actually no legal distinction between calling in and repayment of a debt. One implies immediate and full settlement and the other implies is a reasonable measured repayment process, but in reality there is no difference. Thought I should chuck that in.
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Terryfenwickatemyhamster
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« Reply #36 on: March 29, 2024, 06:40:20 am »

Times like this, are like Christmas for the negative. Some of us know nothing has really changed. That the debt rolls at the amount it does. And addition to that, we know it means very little. Others take it as an opportunity to attack the club once again. Everyone who has run the club has done so at a loss. With our current league position and increased attendances, we are heading in the right direction. Of course next year is pivotal. We need to stay up, then see the East stand completed. If either of those are not achieved the club can rightly expect criticism.

And in the long term, I would expect the current owners to leave ( should they choose to do so) with us debt free and ready to face the next challenge.
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Deepcut Cobbler
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« Reply #37 on: March 29, 2024, 08:34:55 am »

https://www.northamptonchron.co.uk/sport/football/thomas-comfortable-with-cobblers-financial-position-despite-higher-losses-and-increased-debt-4573035

If you can navigate through the adverts...
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“They shall grow not old as we that are left grow old:
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Melbourne Cobbler
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« Reply #38 on: March 29, 2024, 08:52:34 am »

Ads included the Northampton Beer Festival at Becketts Park which was ok to scroll past. The next one was Bikini Trends In 2023 May Be Mindblowing. Even though I am 12 months late that presented more of a challenge to navigate through.
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Bingers
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« Reply #39 on: March 29, 2024, 09:06:31 am »

Sell the £2.531m worth of tangible assets? That probably includes the goalposts.

Do you think that they would move the goal posts like that?
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The Hotelend Grand National Sweepstake Champion 2015
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