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Redevelopment Closer Than Ever?

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Author Topic: Redevelopment Closer Than Ever?  (Read 1018479 times)
Vintage Cobbler
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« Reply #25940 on: November 10, 2019, 17:40:38 pm »

I agree Internet chatter is of limited impact but, as I said, it is read and noted at the club.  It would be much better if supporters spoke loudly with one voice on this issue but that is not going to happen unless a financial crisis breaks. Heaven forbid.   

There are any number of possible scenarios going forward.  We do not know the legal & financial terms on which KT/DB transferred their shares in CDNL to NTFC as has been reported by KT.  The information in the Q&A on 9 October was, as ever with KT, lacking in hard information.  The news that the shares had been transferred was almost a footnote to that NTFC Official Site article.  Make no mistake, this is all very deliberate, as is the absence of hard information.   This lack of information makes it hard to comment.  However, if the shares were transferred on terms that the sellers would have a share of a future onwards sale then consider the following possibility:

Following the grant of planning permission to CDNL by a willing NBC anxious to recoup the “missing millions” from the sale and development of what was community land NTFC under the control of DB/KT sells NTFC’s shares in CDNL to a major developer at a significant profit.  At that point CDNL and the wider development is permanently outside of NTFC’s ownership and control and proceeds unconnected with NTFC.  The sales proceeds are received by NTFC and in accordance with the “agreement” between DB/KT & NTFC (a tough negotiation I’m sure) made on the transfer to NTFC £5+ million of debt is repaid to Ventures and the BVI company owned by you know who plus a percentage of what is left after that.  As for the East Stand, over to a new owner if one surfaces.  All theoretical of course but not beyond the realms of possibility.

I hope you are right in what you say about KT doing the decent thing but unless and until our owners tell us what are their intentions then speculation and rumours will abound.  Their history of a lack of openness and transparency during their 4 years of ownership should be a warning to all, including the Council if that is it has any real interest beyond hollow words in the future sustainability and success of the town’s football club.  Both our owners and the Council have made a rod for their own backs but the danger is if we sit on our hands it will be too late.

On the comments you make about community ownership I think you have some misconceptions about how it would work but I will save that for another time.  I have written enough for now.
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SadOldGit
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« Reply #25941 on: November 10, 2019, 22:05:21 pm »

Nobody is going to buy this club with £5 million debt. Either KT and his mucker make enough through a development deal to write it off or the club make enough through a development deal to reduce the debt. Either way the club has been reduced to being dependant on grubby land deals. That is what they have achieved in however many years they have been skulking in the shadows.
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Terryfenwickatemyhamster
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« Reply #25942 on: November 13, 2019, 14:37:14 pm »

At least we agree on this one, Thomas is a **** taker. Grin

Absolutely mate... He was well in the frame.

You must be thrilled to see that you have been co-opted onto the Kingsley Park branch of the Momentum party.  Grin Tongue
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Terryfenwickatemyhamster
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« Reply #25943 on: November 13, 2019, 14:40:51 pm »

I have written enough for now.

Amen to that...  Cool Wink
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« Reply #25944 on: November 14, 2019, 07:53:21 am »

On the basis that no one will ever buy the club with £5 mill of debt and any sale will only ever therefore go through with some kind of land deal attached , why can’t the supporters have some indication of what the exact plan is for the East stand .
The permanent silence and fudging of blame is an absolute disgrace .
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BedsCobb
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« Reply #25945 on: November 14, 2019, 09:18:00 am »

On the basis that no one will ever buy the club with £5 mill of debt and any sale will only ever therefore go through with some kind of land deal attached , why can’t the supporters have some indication of what the exact plan is for the East stand .
The permanent silence and fudging of blame is an absolute disgrace .
Cardoza lumbered the club with £8.5m and now Thomas's £5m plus, so £12.5m spunked without a single penny being spent on building up the clubs infrastructure in order to help raise revenues should tell you all you need to know about speculator owners.
There will be no East stand development.
The debts will be 'written off' once the land is sold.
What else could happen?
 
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GrangeParkCobbler
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« Reply #25946 on: November 14, 2019, 10:19:11 am »

We’ve got some way to go yet.....The Lorne Street stand at Port Vale has been half built for twenty years now!!
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BedsCobb
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« Reply #25947 on: November 14, 2019, 12:05:38 pm »

We’ve got some way to go yet.....The Lorne Street stand at Port Vale has been half built for twenty years now!!
Its being used as a nursery, so a least it's  generating income..The east stand shell makes a good roosting place for migrating birds and outsider speculators 😂😂
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Athena
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« Reply #25948 on: November 29, 2019, 10:43:11 am »

A very interesting article in London Evening Standard on Tuesday concerning the current problems faced by AFC Wimbledon and the completion of their new ground in Plough Lane.  Apologies I cannot attach the link to that here for you all but I'm not computer 'savvy' enough to know how you do that.  Could anyone please assist me in providing that link as it is well worth a read.  Personally hope they can overcome the very real problems they currently face.
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Deepcut Cobbler
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« Reply #25949 on: November 29, 2019, 10:50:30 am »

A very interesting article in London Evening Standard on Tuesday concerning the current problems faced by AFC Wimbledon and the completion of their new ground in Plough Lane.  Apologies I cannot attach the link to that here for you all but I'm not computer 'savvy' enough to know how you do that.  Could anyone please assist me in providing that link as it is well worth a read.  Personally hope they can overcome the very real problems they currently face.

This one?

https://www.standard.co.uk/sport/football/fans-fear-for-future-of-afc-wimbledon-as-club-face-11m-shortfall-to-build-new-stadium-a4296711.html
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Athena
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« Reply #25950 on: November 29, 2019, 11:00:08 am »

Thanks for your help Deepcut - your  a star.  Wish I was more knowledgably about these computer thingies ... its all passing me by a bit.  Anyway, puts our ground problems into a bit of perspective.
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threeinabed
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« Reply #25951 on: November 29, 2019, 13:48:07 pm »


maybe they should go and watch their team at MK?
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BedsCobb
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« Reply #25952 on: November 29, 2019, 13:53:24 pm »

Thanks for your help Deepcut - your  a star.  Wish I was more knowledgably about these computer thingies ... its all passing me by a bit.  Anyway, puts our ground problems into a bit of perspective.
we've been waiting 20 years for some basic improvements into our infrastructure,  I'd say we're a lot worse off with the useless timewasters we've had to suffer!
As bad as it is for afcw, they will sort their sh*t long before Thomas cashes in his good fortune and gets gone.
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EB Claret
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« Reply #25953 on: November 29, 2019, 14:52:21 pm »

we've been waiting 20 years for some basic improvements into our infrastructure,  I'd say we're a lot worse off with the useless timewasters we've had to suffer!
As bad as it is for afcw, they will sort their sh*t long before Thomas cashes in his good fortune and gets gone.


We've been waiting 20 years? No we haven't!
In 1999 Sixfields was only 5 years old and considered perfectly satisfactory by the vast majority. It was always too small but at that time was a better ground than those used by most of our competitors. Stop re-writing history. Tongue
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« Reply #25954 on: November 29, 2019, 15:02:47 pm »

EB Claret,  please remember Beds is just full of Bull, the truth is always miles away when he posts, lying is second nature to him. Have a chat with him on the hill when he does his one man protest on Sunday.
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Tabasco Kid
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« Reply #25955 on: November 29, 2019, 15:53:24 pm »

A very interesting article in London Evening Standard on Tuesday concerning the current problems faced by AFC Wimbledon and the completion of their new ground in Plough Lane.  Apologies I cannot attach the link to that here for you all but I'm not computer 'savvy' enough to know how you do that.  Could anyone please assist me in providing that link as it is well worth a read.  Personally hope they can overcome the very real problems they currently face.
I read the full article on Tuesday. It was very interesting. AFC did have offers of assistance from outside investors, but were reluctant to allow them onto the board. Which is understandable, given that Sam Hammam sold the ground and the club, and hoovered up £36 million in the process. Buckingham have offered to finish the ground at a reduced capacity, within the current financial structure available. But, it would not include the bars, conference facilities, etc.. planned for.
Their trust members, were fearing for the clubs future.
So, two points to raise.
1 Construction costs will soar from the original estimate. Crossrail/Elizabeth Line has proved that. Although not on the same scale obviously.
2 How p1ssed off must Buckingham be, with football clubs inability to pay their bills?
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EB Claret
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« Reply #25956 on: November 29, 2019, 16:13:09 pm »

EB Claret,  please remember Beds is just full of Bull, the truth is always miles away when he posts, lying is second nature to him. Have a chat with him on the hill when he does his one man protest on Sunday.

Will he be on the hill? or is this a "Big" game.
I'll wave to him from my comfy seat in the adequately equipped West Stand.
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SadOldGit
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« Reply #25957 on: November 29, 2019, 22:05:35 pm »

The redevelopment of the Family Carlsberg Carl Heggs East Stand has been cancelled due to lack of bricks.
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BedsCobb
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« Reply #25958 on: November 30, 2019, 12:31:32 pm »

We've been waiting 20 years? No we haven't!
In 1999 Sixfields was only 5 years old and considered perfectly satisfactory by the vast majority. It was always too small but at that time was a better ground than those used by most of our competitors. Stop re-writing history. Tongue
Sixfields and its non league  facilities has spent the vast majority of its existence housing a struggling little L2 side.
This is actually fact, it's you trying to rewrite history if you can't see what harm outsider investors Cardoza/Thomas have done to our clubs ability to escape L2 and progress.
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singcobb
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« Reply #25959 on: November 30, 2019, 15:09:54 pm »

Sixfields and its non league  facilities has spent the vast majority of its existence housing a struggling little L2 side.
This is actually fact, it's you trying to rewrite history if you can't see what harm outsider investors Cardoza/Thomas have done to our clubs ability to escape L2 and progress.

I fail to see why you think we are able to progress. We are and always will be a yo-yo club until such time as a sugar daddy comes along. It's not the fault of owners, fans or the size of the ground. The place you have to look for the blame is the EFL, the money required to prgoress above league one is astronimical. And don't give me your plucked from the árse figures about a club that can grow and sustain itself because you have constantly had you figures shot down in flames. The sooner you come to accept our lot in life the happier you will be and more comfortable sitting in the stand rather than stood on the hill.
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