Redevelopment Closer Than Ever?

[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!

[guest2487]

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?

[barnabas]

£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

I agree. IIRC he also mentioned a figure of "£1 Million or £2Million for the stand" when he was interviewed on RN after issuing the statement criticising the Council last month

[BedsCobb]

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

No just  those little stands at Sixfields? Missed your point here completely 😂

[BedsCobb]

Now that the land issues have been resolved we should make a decent proposition for a group or individuals who want a lowly but solvent football club to buy into to help grow.
This will be the first time this has ever happened if this should be the case.
If the current  incumbents  dont really have the £4m to invest into the infrastructure  and only hope to keep us treading water, then theres really no point to them sticking around

[everbrite]

Now that the land issues have been resolved we should make a decent proposition for a group or individuals who want a lowly but solvent football club to buy into to help grow.
This will be the first time this has ever happened if this should be the case.
If the current  incumbents  dont really have the £4m to invest into the infrastructure  and only hope to keep us treading water, then theres really no point to them sticking around

Do you not read GPC and Barnabas comments above!

[BedsCobb]

Do you not read GPC and Barnabas comments above!

Yes I did and unless Im mistaken the club have secured a small peice of land that doesn't extend much further than 8 lanes of running track, but it still adds to the value of the club from an investor, seller or prospective buyers point of view.
Should be an interesting summer.

[DrillingCobbler]

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.

The ONLY reason I would 'INVEST' in a football club would be for zero return to myself and to try and take my football team up the leagues.

It would make little difference as to how much money I had. I just wouldn't 'invest' in football. I do not see it as an investable opportunity.

If theres an opportunity with regards to making money 'on the side' via development on land, Id like to see that money channelled towards the football club. Not KT, not Bower, Not DC, no one.

The only way that would happen is if a fan/s took on the ownership, or some idiot from China (!) that is on an ego trip. Most clubs in the top two divisions have such owners. Man UTD aside, and they are basically the only club pretty much guaranteed to make a profit over time.

The key for me is not what/if KT does with the land…and thats assuming the council let him which I don't think they will until they see evidence that its being spent to the clubs benefit…but who he/they sell the club to.

[Ralap]

but who he/they sell the club to.

Which, in my opinion, won’t matter either if KT finishes the existing East Stand to its current limitations. I’d prefer KT to complete all the legal stuff on what land the club can and can’t build or develop on and then sell the club as a package to somebody with more money (Unlikely I know) that can see the East Stand structure needs ripping down and a proper main stand building that is suitable to purpose rather than the internally restricted West Stand.

That’s in a perfectly ideal world though. So that’s not going to happen obviously.