Redevelopment Closer Than Ever?

[Melbourne Cobbler]

And the thing is these same sort of shenanigans have been operated for years. There are people who have willfully folded hundreds of companies, causing untold financial hardship to others, only then to have another business running within weeks. It's a disgrace.

Tell me about it, there are Phoenix companies everywhere. We had a company in the UK go bust owing us 40k. The owners started a new company with a slightly different name the next day, brought all the assets and we couldn’t touch them. The government takes the view that the new company will employ many if not all the old staff and will be paying tax immediately, so good news as far as they are concerned. As for the creditors like us? The wankers in Westminster couldnt give a fck. As long as we are paying over 70% tax (50% personal + 21% corporation) they don’t give 2 sh1ts. Welcome to the realities of running a business in the UK, it has fck all to do with morality, just in case you didn’t know? I am afraid the distribution of wealth is rarely based on merit.

[LeeleeSTAR]

There's another fairly decent twitter account to follow for brief updates on the court proceedings, recommended by Matt Precey as he suggested it as he twittered that he was struggling at times to cover all the details as it moves so quick.

https://twitter.com/Paul_theChron

Obviously Matt's link for those that haven't seen it

https://twitter.com/mattcprecey

[clarkeysntfc]

So apparently Ravi Rach offered £20 for the club + land... 

[GrangeParkCobbler]

So apparently Ravi Rach offered £20 for the club + land... 

But I read it that they would have taken on the loan debt too.

KT got the loan debt wiped from the club before his takeover.

[LeeleeSTAR]

So apparently Ravi Rach offered £20 for the club + land... 

Pretty sure that was £20m    Ravi Rach is a dodgy character anyway.  We wouldn't have wanted him anywhere near the club really.

[AbingtonCobbler]

Northampton Town Football Club are delighted that planning permission was granted on Tuesday evening by Northampton Borough Council for the club's conference centre and a 100 bed hotel as well as giving the go ahead to 255 homes and a small number of retail units on land surrounding Sixfields Stadium.
 
"David Mackintosh and all at Northampton Borough Council have been very supportive of the club throughout this process and we are pleased to welcome the granting of planning permission," said Chairman David Cardoza.
 
"This is an important part of the process that will allow the club to move forward and progress by improving the facilities at the stadium.
 
"We are putting foundations in place now to ensure a bright and successful future for Northampton Town and we have a Borough Council who recognise the value the club brings to the town.
 
"The hotel and conference centre are crucial because they give the club income streams outside of the ups and downs of football and that is vital to the progression of the club."

Councillor David Mackintosh, Leader of Northampton Borough Council said: “I am pleased to see the plans have been approved, as the redevelopment of Sixfields Stadium is essential to the club. Modernising the ground to bring in more corporate and commercial facilities will help ensure the Football Club can maximise revenue and operate as a business all year round. This additional funding can only help provide a sound financial base for the club to work from.”

[AbingtonCobbler]

A well established project management and quantity surveying practice in Northampton with a wealth of sports stadia experience offered their services to the football club on numerous occasions.

Cardoza's said they used Grossman because they had no planning/construction experience.

There was an alternative on their door step.

[Joes Sweet Left Foot]

They chose Grossman because they needed a dodgy developer to help them pay back their director's loan.

[Manwork04]

They chose Grossman because they needed a dodgy developer to help them pay back their director's loan.

This

[AbingtonCobbler]

I have a horrible feeling they will get away with this based on being bullied and coming across people a bit smarter than them.

Why are the council only chasing £2.05 million?  What about the remainder of the £13 million?

[GrangeParkCobbler]

I have a horrible feeling they will get away with this based on being bullied and coming across people a bit smarter than them.

Why are the council only chasing £2.05 million?  What about the remainder of the £13 million?

Because this is the money they can trace back to the Cardozas....the Cardozas claim it is coincidental with regards to the timing of money flowing to them.
The rest of the money seems to be lost in the ether....

[random]

Only trying to get the £2m as this was what the Cardoza's took out themselves. Assume the rest hopefully will be part of the police investigation and 'easier' for the them to say they haven't got it although they should be ultimately responsible

The alleged £20m offer again shows how valuable the land is and why I am annoyed that NTFC will not really benefit from it but outsiders who pay peanuts and don't do what is expected of them, at least DC pumped £4-5m into club at one stage.

[Terryfenwickatemyhamster]

Only trying to get the £2m as this was what the Cardoza's took out themselves. Assume the rest hopefully will be part of the police investigation and 'easier' for the them to say they haven't got it although they should be ultimately responsible

The alleged £20m offer again shows how valuable the land is and why I am annoyed that NTFC will not really benefit from it but outsiders who pay peanuts and don't do what is expected of them, at least DC pumped £4-5m into club at one stage.

In there's where the problem is with you... You latch on to any sniff off shyte you can. Anything that backs your vitriolic crusade. An alleged offer shows how much the land is worth 😀😀😀. It doesn't even exist and your on it. Then... You go on to praise Cardoza. Ever thought of counselling? 😀

[everbrite]

In there's where the problem is with you... You latch on to any sniff off shyte you can. Anything that backs your vitriolic crusade. An alleged offer shows how much the land is worth 😀😀😀. It doesn't even exist and your on it. Then... You go on to praise Cardoza. Ever thought of counselling? 😀

Counselling ! I fear your advice maybe too late.

[cobblerwatch]

In there's where the problem is with you... You latch on to any sniff off shyte you can. Anything that backs your vitriolic crusade. An alleged offer shows how much the land is worth . It doesn't even exist and your on it. Then... You go on to praise Cardoza. Ever thought of counselling?

It's a bit of a worry - you, me and Evers all agreeing on something!

[LeeleeSTAR]

Seems best to follow https://twitter.com/Paul_theChron and https://twitter.com/tombarton  today as Matt Precey is not ther today.  It's also closing statements today. I don't know how it works after that in terms of the Judge making a decision.  NBC are after £2m from Anthony Cardoza and £1m in damages.

[Boot and shoe]

The two people I want to see in court are Grossman and Mackintosh .
I understand why they have not been pursued in this case against the Cardozas but let’s hope to God they are brought to trial by the police .
Quite clearly the Cardozas feel betrayed by Grossman and I would love to see their dirty washing made public .

[cobblerwatch]

The two people I want to see in court are Grossman and Mackintosh .
I understand why they have not been pursued in this case against the Cardozas but let’s hope to God they are brought to trial by the police .
Quite clearly the Cardozas feel betrayed by Grossman and I would love to see their dirty washing made public .

I suspect Grossman is far too slippery to ever be held responsible - Mackintosh, I suspect was playing well out of his league and could be hung out to dry (if guilty of course!)

[Manwork04]

The two people I want to see in court are Grossman and Mackintosh .
I understand why they have not been pursued in this case against the Cardozas but let’s hope to God they are brought to trial by the police .
Quite clearly the Cardozas feel betrayed by Grossman and I would love to see their dirty washing made public .

+1

[meccanostand]

Again please exercise caution when commenting on this issue. Live police investigation still ongoing. Speculation more likely to cause more harm than good. Don't give anyone potentially charged an opportunity to say they will not get a fair trial because of accusations on social media. The QC is doing a good job in the civil case of uncovering detail and the police will want a result.