Hi Tone, Do you think that the owners should get all their money back that they have badly spent on the back of delivering such poor value for money?
Do you think it is acceptable that NTFC loses valuable land asset just so the owners can get their money (which they already have from the Chinese deal) back and make a profit on basically asset stripping?
Its not our fault that we are again almost £7m in debt with nothing to show for it. That is mainly on the owners.
If the club or infrastructure had been improved, then there is a better case, but in 6 years the only thing that has changed is the debt has risen from £500k to approx £7m.
That is why the owners should not expect to walk away having recovered their monies and profit, without leaving NTFC in far better position with a positive future. That is possible but it's going to take compromise, ambition and effort.
If the land deal is going to bring a windfall then the Owners, NTFC and WNC should perhaps have an equal share
Hi mate,
Whether it’s right or wrong they aren’t going to walk away (or sell) if they can help it without covering their losses at a minimum and I’m sure a tidy profit if they can.
Just plucking a fictitious figure of £20m. I’m sure a bit finishes the stand, some would cover the loans and then who knows with the rest. That’s where the financial transparency is needed and I’m sure would be available if not published.
I struggle to see a happy ending for the club and at the moment I’d say there is definitely no guarantee they are going to get their money back.
Ultimately it’s a ‘business’ that is never going to be worth much without significant investment and success, so they’ll struggle to sell. Maybe they will cut their losses at some point but not sure where that’d leave us.