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Redevelopment Closer Than Ever?

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Author Topic: Redevelopment Closer Than Ever?  (Read 1009685 times)
Terryfenwickatemyhamster
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« Reply #25860 on: October 08, 2019, 20:10:30 pm »

It didn't go un noticed that this gesture of cndl land  now transfered  to the club, was announced the very next day after a 'good' meeting with NBC.
Well played the council I say!



 Is that your defence. They’ve played you and your cronies right off the field. “Well played the council”...:😂😂😂

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Another Pedj
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« Reply #25861 on: October 08, 2019, 20:23:44 pm »

To be honest I don’t know how it would work as the same directors are present for both companies.

Rather than have the club ‘owning’ a dormant company who control some leases, why didn’t they just transfer the leases into the name of the football club and close down CDNL?

Cant say for sure as I havent seen the lease but the vast majority of leases contain a "non assignable" clause.
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Manwork04
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« Reply #25862 on: October 08, 2019, 21:03:11 pm »

I can’t think of anyone that defends him. It just that some people wait until there is clear evidence of WRONGDOING. That’s what decent rational people do. They don’t try to criminalise or defame somebody until there is evidence to prove their point.

As I have said all along. I hope they do make a few quid out of it, as long as the club benefits as well..


This is my thoughts happy for them to make a good profit as long as the club gets a fair deal.
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Rule Britannia
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« Reply #25863 on: October 08, 2019, 21:07:11 pm »

Is that your defence. They’ve played you and your cronies right off the field. “Well played the council”...:😂😂😂



 Grin
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guest3293
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« Reply #25864 on: October 08, 2019, 21:10:07 pm »

Lower quality of management and playing staff and the value of those players, league position, gates, level of debt rising,  no future plans known of.
There's a few to begin with, I have more.

Not true. However no point in arguing with you is there Boris.
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Dr Feelgood
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« Reply #25865 on: October 08, 2019, 21:11:45 pm »

Not true. However no point in arguing with you is there Boris.
Frenchcobbler is this another Cecil login?
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For goodness sake Doc we are NOT going down  Grin   you heard it here 1st  Wink

(I damn well hope that does not come back to haunt me)
JollyCobbler
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« Reply #25866 on: October 09, 2019, 01:45:07 am »

Is there a time limit in which this filing has to take place GPC?

On the two occasions I have been involved with this type of situation it has taken less than six days for records to be updated. So, given this happened 'in the last few months' I would expect to see something fairly soon.
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JollyCobbler
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« Reply #25867 on: October 09, 2019, 01:48:30 am »

To be honest I don’t know how it would work as the same directors are present for both companies.

Rather than have the club ‘owning’ a dormant company who control some leases, why didn’t they just transfer the leases into the name of the football club and close down CDNL?

I wondered the same thing. It'll also be interesting to see whether 'CDNL is owned by the Football Club' translates to 'CDNL is owned by Northampton Town Ventures Limited', right?
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Melbourne Cobbler
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« Reply #25868 on: October 09, 2019, 03:17:11 am »

Er, I am sure there is a straightforward answer to this? If the ownership of the land has transferred to the football club and KT & DB have the controlling interest over NTFC and by definition the majority decision regarding what happens to its assets, what’s the difference? For example, what would prevent them from selling the land, generating a large profit for the club and then pay themselves a dividend from the profit? If this remains a possibility I don’t really see how this offers anything more than faith that the owners will use the money to benefit the club, pretty much like when the land was owned by CDNL? Like I said, I am sure this will all be clarified at some point and there will be something I have missed?
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Vintage Cobbler
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« Reply #25869 on: October 09, 2019, 07:53:43 am »

It is far too early to rush to judgment one way or the other about yesterday's news. 

Why some are crowing that here have been right all along rather defeats me.  As usual, little or no hard information has been disclosed by KT.  For instance are both leases now controlled by NTFC or has there been some carve out of the the land?  On what terms did DB & KT “sell” their shares in CDNL to NTFC and is there the possibility of more debt being placed on NTFC for the payment of a share of future profit from any development being payable to DB/KT as part of the share sale agreement?

I will only add that the issue of a serious conflict of interest, potentially or actually, between the interests of NTFC and those of CDNL was one of many matters raised by the Trust with the Council.  Maybe the Council took that on board with the result we heard about yesterday.
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« Reply #25870 on: October 09, 2019, 09:43:25 am »

If they ramp up the debt owed to them by the club (5mill and counting) then they can pay themselves from any land profit so it need not make any difference. It is significant however that this 'symbolic' transfer has happened after a meeting with NBC. I think the one thing lacking around all parties is trust.
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Terryfenwickatemyhamster
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« Reply #25871 on: October 09, 2019, 09:54:36 am »

It is far too early to rush to judgment one way or the other about yesterday's news. 

Why some are crowing that here have been right all along rather defeats me.  As usual, little or no hard information has been disclosed by KT.  For instance are both leases now controlled by NTFC or has there been some carve out of the the land?  On what terms did DB & KT “sell” their shares in CDNL to NTFC and is there the possibility of more debt being placed on NTFC for the payment of a share of future profit from any development being payable to DB/KT as part of the share sale agreement?

I will only add that the issue of a serious conflict of interest, potentially or actually, between the interests of NTFC and those of CDNL was one of many matters raised by the Trust with the Council.  Maybe the Council took that on board with the result we heard about yesterday.

There is nothing wrong with keeping your own counsel until such a time that you have a full appraisal of the facts. Your post clearly illustrates my reason for raising that as a point. Far from you accepting what you definitely don't, or in fact can't know, you embark on another exercise in casting doubt over the reason for the change.

There is no defending of DB or KT here. Just an earnest attempt at getting people to shut up until they actually have something to say. I couldn't care who comes out of this on top. But I am happy to look into this further and see if it sits right for myself, before commenting anywhere.

At this time I have to take it on its initial merits, because unlike some, I am not prepared to speculate about any potentially amoral intent, until I have something to substantiate my point. Whilst I totally appreciate the nature of these things, especially on the social media platform, I would personally rather keep my powder dry.  

But one thing that I'm pretty sure that won't be wasted on the folk on here and elsewhere. Is the barefaced hypocrisy of accusing someone of crowing, whilst bragging that that you and the rest of the crew were instrumental in bringing the whole thing about...  Grin Grin
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GrangeParkCobbler
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« Reply #25872 on: October 09, 2019, 12:15:25 pm »

Er, I am sure there is a straightforward answer to this? If the ownership of the land has transferred to the football club and KT & DB have the controlling interest over NTFC and by definition the majority decision regarding what happens to its assets, what’s the difference? For example, what would prevent them from selling the land, generating a large profit for the club and then pay themselves a dividend from the profit? If this remains a possibility I don’t really see how this offers anything more than faith that the owners will use the money to benefit the club, pretty much like when the land was owned by CDNL? Like I said, I am sure this will all be clarified at some point and there will be something I have missed?

Indeed!

Not saying its right or wrong at this stage, but I don't think what has happened changes a hell of a lot.

The Council were still saying no development on the land until the stand was completed.....so they are unlikely to grant planning permission aren't they? Unless the goalposts have been moved as part of the productive meeting.

My other thought is...does this make the "package" a bit tidier if a sale in is the offing? ie whoever buys the club will also now control the leases.....and that wouldn't have been the case had CDNL been a separate entity outside of the football clubs control.
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« Reply #25873 on: October 09, 2019, 12:20:13 pm »

Indeed!

Not saying its right or wrong at this stage, but I don't think what has happened changes a hell of a lot.

The Council were still saying no development on the land until the stand was completed.....so they are unlikely to grant planning permission aren't they? Unless the goalposts have been moved as part of the productive meeting.

My other thought is...does this make the "package" a bit tidier if a sale in is the offing? ie whoever buys the club will also now control the leases.....and that wouldn't have been the case had CDNL been a separate entity outside of the football clubs control.

The goalposts were moved years ago. There's still some portable seats in there though.
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Larry
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« Reply #25874 on: October 09, 2019, 17:56:58 pm »



At this time I have to take it on its initial merits, because unlike some, I am not prepared to speculate about any potentially amoral intent, until I have something to substantiate my point.


Don’t you mean immoral?
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Terryfenwickatemyhamster
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« Reply #25875 on: October 09, 2019, 18:07:15 pm »

Don’t you mean immoral?

No.. Why?!

Definition of amoral. 1a : having or showing no concern about whether behavior is morally right or wrong amoral politicians an amoral, selfish person. b : being neither moral nor immoral specifically : lying outside the sphere to which moral judgments apply Science as such is completely amoral. —
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SadOldGit
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« Reply #25876 on: October 09, 2019, 18:16:45 pm »

No.. Why?!

Definition of amoral. 1a : having or showing no concern about whether behavior is morally right or wrong amoral politicians an amoral, selfish person. b : being neither moral nor immoral specifically : lying outside the sphere to which moral judgments apply Science as such is completely amoral. —

You must mean immoral surely? If intent is involved then amoral would rule itself out as it infers no moral judgement at all.
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CJ
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« Reply #25877 on: October 09, 2019, 18:29:49 pm »

You must mean immoral surely? If intent is involved then amoral would rule itself out as it infers no moral judgement at all.
Understandable to confuse the meanings of two similar sounding words.
Worrying to not understand the difference having read and regurgitated the dictionary definition though.
I wouldn't have expected that from someone so replete with eloquent prose as our Tel.
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1971cobbler
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« Reply #25878 on: October 09, 2019, 21:07:15 pm »

The goalposts were moved years ago. There's still some portable seats in there though.

Can we start calling the East Stand the Meccano Stand as a nod to our former heritage?

 Smiley
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EB Claret
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« Reply #25879 on: October 09, 2019, 22:27:02 pm »

Can we start calling the East Stand the Meccano Stand as a nod to our former heritage?

 Smiley

Does that also mean we can re-name the West Stand...The Duck Boards? Wink
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