Redevelopment Closer Than Ever?

[JollyCobbler]

Enough to finish the East Stand?

But, completed to what specifications? Let us not forget that one of the reasons NBC agreed the MoU with KT's group (which included clearing us of the 10 million debt): "They have funds in place and intend to complete the stand."

[cobblertone]

If and its and IF KT could make 10 million from the land (total hypothetic question) what would your expectations be in terms of what 'we' get out of it?

I'd forget executive boxes for now. I question the payback, unless a decent hotel is built on the doorstep and then that could have conference facilities itself.
I'd double the capacity of the North and make it all safe standing. Whack a load of extra seats in the East and finish it so it doesn't feel as though you are visiting Beirut. This would allow extra away allocation if/when required. Probably enough to get us to 11k+.
If the lease is resolved and there is no land to be had then I'd be happy if he just finishes the stand. His £4m should do that very comfortably. 

[Deepcut Cobbler]

Be good to have a clear costing of how much it would cost to demolish and rebuild. Or even take off the Cardoza effort stuck on?

As long as the overall is no more than £4m, that is all that he indicated is/was available and 'promised' when taking the club.

[DrillingCobbler]

As long as the overall is no more than £4m, that is all that he indicated is/was available and 'promised' when taking the club.

He was quite clear that he/they had the funds in place. And that development of land was not necessary. So if he gets a bonus in that area down the line then would you expect him to spend it for the benefit of NTFC?

[Deepcut Cobbler]

He was quite clear that he/they had the funds in place. And that development of land was not necessary. So if he gets a bonus in that area down the line then would you expect him to spend it for the benefit of NTFC?

If it's in NTFC's name yes, at the moment it isn't?

[memyhead]

Tonight's the night then people...

Hopefully, once lease issue is finally resolve, the club will perhaps issue a statement saying the club is no longer for sale? and plans will shortly be published for what the East
Stand will finally look like...

Just want the monstrosity finished so we ain't gotta look at it in it's current embarrassing state...

[clarkeysntfc]

Tonight's the night then people...

Hopefully, once lease issue is finally resolve, the club will perhaps issue a statement saying the club is no longer for sale? and plans will shortly be published for what the East
Stand will finally look like...

Just want the monstrosity finished so we ain't gotta look at it in it's current embarrassing state...

Tonight isn't when NBC will have done the legals. Tonight is just confirming that the legals can go ahead. The ball is in NBC's court until their legal team sort out the lease.

[memyhead]

Tonight isn't when NBC will have done the legals. Tonight is just confirming that the legals can go ahead. The ball is in NBC's court until their legal team sort out the lease.

Yes, but no reason why NTFC cannot proceed once the lease has been officially agreed....paperwork will follow

NBC can't retract it once they've verbally agreed & it's in the public domain

[BackOfTheNet]

Yes, but no reason why NTFC cannot proceed once the lease has been officially agreed....paperwork will follow

NBC can't retract it once they've verbally agreed it in the public domain

You do know how incompetent they are, right? 

[everbrite]

You do know how incompetent they are, right? 

Why do you wish to repeat this comment?

[everbrite]

He was quite clear that he/they had the funds in place. And that development of land was not necessary. So if he gets a bonus in that area down the line then would you expect him to spend it for the benefit of NTFC?

So if you invested £4m to revamp the East Stand would you not expect to see some sort of benefit to the investors. I wish you were the benefactor as am sure you would be incredibly generous, fairminded etc and want no safeguard on beneficial returns.

[cobblertone]

He may have changed his mind since arriving with the ‘promise’ of £4m. A lot of water under the bridge since then.

[BedsCobb]

So if you invested £4m to revamp the East Stand would you not expect to see some sort of benefit to the investors. I wish you were the benefactor as am sure you would be incredibly generous, fairminded etc and want no safeguard on beneficial returns.

£4,000,000 is a bit more than a few breeze blocks some cladding, toilets, boxes and a lick of Maggie.
What's the chances of getting £1.5m job masquerading as £4,000,000?
Gold plated taps fittings and fixtures😉
If we really have that sum to play with, used more wisely we could do a whole lot more with it than an extortionatly expensive shell fit out and really make this wind fall work for us.
Before a brick is laid a full honest and open discussion with our support base (nodding dogs need not apply) as to what is in the clubs best interests are essential to avoid the usual large serving of horses arse that is normally served up.
Some big questions need answering and a strong supporters trust.

[The Rauldinho]

Club says:

We are delighted that the Northampton Borough Council cabinet has agreed to regularise the situation regarding the land around the East Stand. There is now some legal paperwork to be finalised, which we will work with NBC to complete.

[Teachers Pet]

Club says:

We are delighted that the Northampton Borough Council cabinet has agreed to regularise the situation regarding the land around the East Stand. There is now some legal paperwork to be finalised, which we will work with NBC to complete.

That will take another 18 months then.

[Coolcat]

Absolutely, football is pure drama and needs to housed in an appropriate theatre.
The back drop of  banks of vociferous supporters will enhance the atmosphere no end, that then encourages more to visit.
Basic and obvious stuff really..

You were thinking the Pirrelli Stadium, Burton when you typed that weren't you! 

[GrangeParkCobbler]

£4 million is a red herring!!

In the original interview with the BBC after taking over the club, Thomas stated that there was £4 million "to finish the stand and provide working capital"

Bearing in mind the takeover was 2 and a half years ago now, how much of that £4m has been used to keep the club ticking over? There was the HMRC bill at the beginning to start with. What about the £1.1m "loaned" to the club in January? What about the work already done to get the stand in the position it is now (there were no seats in it when he took over were there?)

So he spends a million finishing off the stand and then say's he's done.......he'll have probably have carried out his original promise and nobody could complain!

I don't think KT ever said he'd spend £4m on the ground alone.

https://www.bbc.co.uk/sport/football/34938496

[memyhead]

Great work from KT for calling the council out...

Finally giving him the green light to proceed with the completion of the East Stand. No businessman worth their salt would have proceeded with the leases in their current state, yet many were on his back when it was NBC who needed to resolve issue...

Providing the fvcking thing gets finished and looks half decent then that'll do for me...life's too short!

[AlistairSlowe]

Same here.

Be glad to see this thread finally closed.

[Melbourne Cobbler]

So if you invested £4m to revamp the East Stand would you not expect to see some sort of benefit to the investors. I wish you were the benefactor as am sure you would be incredibly generous, fairminded etc and want no safeguard on beneficial returns.

I like the idea someone had about knocking the East Stand down and building 3 stands the other side of the athletics track. Then rent out that side to Northamptonshire CC? A real money spinner me thinks?