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Redevelopment Closer Than Ever?

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Author Topic: Redevelopment Closer Than Ever?  (Read 1421738 times)
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« Reply #29140 on: September 10, 2021, 21:52:28 pm »

Christ, Random, you not got anything else to do?

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« Reply #29141 on: September 10, 2021, 23:37:32 pm »

Taken from June 2020 accounts

Cash in Bank     Us:  136,265       Exeter:   1,273,755   

Total Assets Less Current Liabilities:    Us: - 4,489,388   Exeter: +2,052,045

Debts (Creditors within 1 year)  Us 7,596,344    Exeter 2,202,777

Shareholder Funds   Us: -4,660,559    Exeter + 1,652,571

I have not cherry picked to suit, these are from the balance sheets.  Every single one we are not only getting beaten we are being thrashed.

So exactly how are Exeter - supporter owned, in a worse position than us with our want away land developer owners. Please please tell me



For the sake of conversation what would be the benefit of having more in the bank than Exeter. Our owners could walk away at anytime and pocket the money. A pointless figure, very much like the minus figure against the shareholder funds, means nothing. How are Exeter in a worse position, I would guess they have less access to financial resource than us. They haven’t secured promotion as often as us, they are in a lower league position than us, their youth system hasn’t had as much success as ours, Northampton 4 Exeter 0, easy to tenuously cherry pick to suit isn’t it. I still think their model is comparatively outstanding though, although I am not convinced it will deliver the on field success you demand to match.
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« Reply #29142 on: September 11, 2021, 10:15:20 am »

Melly, sorry someone who has spent the last xxx months talking about money and investment and profit, I show you some balance sheet figures and off you go talking about a one off result  Grin

You are seriously saying that having money in the bank is a disadvantage - come on mate really. 

I would not also agree about access to financial resources - 1. They are a club run to to its means so shouldn't need too much more. 2. They have £1m more in their bank than us so... (i know its a snapshot, the previous year they had even more) 3. They have access possibly to 1000's of people for funds, us, we rely on one 75 year old bloke leaving in Dubai.

Agree shareholder funds possibly meaningless, i don't know, but a £6m swing must mean something.

I see you didn't mention the £5.2m difference in debt or similar in total assets?  Again its a massive massive difference at this level.

Their youth system I think has raised more funds than ours although we have not more success lately however if each club was to receive £1m tomorrow for a player, which club would be better off? Where would that £1m go?

Clutching at straws re league position.

I haven't demanded on field success, actually far from it, do i think Northampton is capable of supporting Championship / Premier League - absolutely, at this stage I am focused on the infrastructure and getting us into a position where we have options to move forward, like Swansea, Wycombe, Portsmouth, Brentford, Hearts, AFC Wimbledon and Exeter.

I posted before that I would be happy to finish 18th in L2 for a season or two if it meant we were developing our own players. KT's data led player committee video flip flopped between going for promotion and our youth, what happens?  we sign 2 youngsters on loan !!!!!!!!!!!!

You are right their model is outstanding, as are some of the others above, I just would like some more of our fans to consider some of these alternatives and ask, why not us?  (and think has our last 2 owners and their business model worked for us?)
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« Reply #29143 on: September 11, 2021, 10:23:22 am »

Melly, sorry someone who has spent the last xxx months talking about money and investment and profit, I show you some balance sheet figures and off you go talking about a one off result  Grin

You are seriously saying that having money in the bank is a disadvantage - come on mate really. 

I would not also agree about access to financial resources - 1. They are a club run to to its means so shouldn't need too much more. 2. They have £1m more in their bank than us so... (i know its a snapshot, the previous year they had even more) 3. They have access possibly to 1000's of people for funds, us, we rely on one 75 year old bloke leaving in Dubai.

Agree shareholder funds possibly meaningless, i don't know, but a £6m swing must mean something.

I see you didn't mention the £5.2m difference in debt or similar in total assets?  Again its a massive massive difference at this level.

Their youth system I think has raised more funds than ours although we have not more success lately however if each club was to receive £1m tomorrow for a player, which club would be better off? Where would that £1m go?

Clutching at straws re league position.

I haven't demanded on field success, actually far from it, do i think Northampton is capable of supporting Championship / Premier League - absolutely, at this stage I am focused on the infrastructure and getting us into a position where we have options to move forward, like Swansea, Wycombe, Portsmouth, Brentford, Hearts, AFC Wimbledon and Exeter.

I posted before that I would be happy to finish 18th in L2 for a season or two if it meant we were developing our own players. KT's data led player committee video flip flopped between going for promotion and our youth, what happens?  we sign 2 youngsters on loan !!!!!!!!!!!!

You are right their model is outstanding, as are some of the others above, I just would like some more of our fans to consider some of these alternatives and ask, why not us?  (and think has our last 2 owners and their business model worked for us?)

Mate, this really isn’t complicated. Hypothetically if we sold McWilliams for $10 million to Fulchester Rovers we would clear the debt and have a couple of million more than Exeter. So by your analogy in the unlikely senario that was to occur we would be more successful than Exeter. However, at the drop of a hat the owners could drain the bank and wander off into the sunset without a by your leave or thank you. So on that basis how is money in the bank any sort of advantage or security for us. Think about it.
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« Reply #29144 on: September 11, 2021, 13:15:26 pm »

Mate, this really isn’t complicated. Hypothetically if we sold McWilliams for $10 million to Fulchester Rovers we would clear the debt and have a couple of million more than Exeter. So by your analogy in the unlikely senario that was to occur we would be more successful than Exeter. However, at the drop of a hat the owners could drain the bank and wander off into the sunset without a by your leave or thank you. So on that basis how is money in the bank any sort of advantage or security for us. Think about it.
That won't happen, Fulchester will never be interested in Sean.
Wouldn't be quite so sure about Koiki however...
What is the record transfer fee out of league 2 incidentally? Think it might need to get broken for us to become more financially solvent than Exeter (even for that short period before Mr Bowers removes his cut).
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« Reply #29145 on: September 12, 2021, 14:18:44 pm »

Thanks Deepcut for your explanation.

The "little information" is a big part of the issues, hence the 25 questions.  KT has chosen to keep the majority of the fans well and truly in the dark

There was a 35+ slides of ideas, facts, concerns and much more with the meeting, so I think they got enough of the story from the Trust's point of view, on what their objections are.

There is just no need for you to try and belittle the efforts.

I assume that you accuse the owners of the same... no substance and creditability, especially bearing in mind they are in control and have all the information on what they are planning





Were you at the meeting with WNC and The Trust Board?
You didn't answer the first time that I asked the question.
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« Reply #29146 on: September 12, 2021, 17:27:42 pm »

Were you at the meeting with WNC and The Trust Board?
You didn't answer the first time that I asked the question.

why do you want to know?
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« Reply #29147 on: September 12, 2021, 17:37:01 pm »

why do you want to know?

I think you know the answer to your question now Deepcut  Wink
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« Reply #29148 on: September 12, 2021, 19:02:02 pm »

why do you want to know?

Because you said "thats not the impression I got" regarding the presentation, which indicated that you might have been?
Who were the four Trust Board members that attended, were there any other Trust members in attendance?
Remember, that I might already know the answer to my questions.  Wink

I provide full and honest answers to all of your questions, you appear to ignore or deflect those that you don't want to answer?
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« Reply #29149 on: September 12, 2021, 19:17:56 pm »

well if you know who was there then you don't need to ask do you Deepcut !
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« Reply #29150 on: September 12, 2021, 19:35:13 pm »

well if you know who was there then you don't need to ask do you Deepcut !

I said that 'I might', I take it that you was then?
Are you able to answer the other questions?
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« Reply #29151 on: September 12, 2021, 19:58:05 pm »

why does mean I was then?
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« Reply #29152 on: September 12, 2021, 20:01:20 pm »

Can someone quickly recap how the Trust went from having a seat on the club board to losing it....and whether this is an underlying issue/cause of bad feeling since it happened.
On a previous comment...I didn't realise the Trust board weren't elected/re-elected by the wider membership.

Because for some reason KT insisted on it as part of them taking control of the club for £1 and NBC writing off £10m

I wondered what reason might be ... forward 2 years from then and the hush hush, top secret £6.68m they got from rather dubious (IMHO) Chinese sources. Make me think, others just look the other way or focus on trashing genuine supporters who are concerned at such actions by the owners.
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« Reply #29153 on: September 12, 2021, 20:09:59 pm »

Can someone quickly recap how the Trust went from having a seat on the club board to losing it....and whether this is an underlying issue/cause of bad feeling since it happened.
On a previous comment...I didn't realise the Trust board weren't elected/re-elected by the wider membership.

The Trust representative on the NTFC board had signed a number of papers relating to the 10m loan from the council to NTFC and then to 3rd parties. He was,after legal advice,advised to resign. He did. There was no trust representative at the time of the takeover. KT never agreed to a replacement.
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« Reply #29154 on: September 12, 2021, 20:20:59 pm »

I didn't realise the Trust board weren't elected/re-elected by the wider membership.
The Trust board are elected if there are more candidates, who have been nominated than there are seats available. If you are a Trust member, you can put yourself up for election. I think you also need a proposer and seconder, who also have to be members
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« Reply #29155 on: September 13, 2021, 02:42:46 am »

So let’s imagine hypothetically Board member A and Board member B have an agenda or motive regarding the club. At this point in time they can get a likeminded individual straight onto the board unopposed. What if this is the case at the moment. My personal view is that at least the membership should be given the opportunity to vote and express opinions on each candidate prior to election. As a member there are many individuals I wouldn’t have an opinion about. However, there are certain individuals I wouldn’t want anywhere near the club or the Trust. Seems the right thing to do as far as I am concerned.
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« Reply #29156 on: September 13, 2021, 07:42:01 am »

why does mean I was then?

That you was in attendance for the presentation?
Can you confirm which four Trust Board members were there to deliver the presentation?
Can you also confirm the names of any other Trust members that were also in attendance?
Thank you
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At the going down of the sun and in the morning
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The Hotelend Grand National Sweepstake Champion 2009
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« Reply #29157 on: September 13, 2021, 08:45:42 am »

So let’s imagine hypothetically Board member A and Board member B have an agenda or motive regarding the club. At this point in time they can get a likeminded individual straight onto the board unopposed. What if this is the case at the moment. My personal view is that at least the membership should be given the opportunity to vote and express opinions on each candidate prior to election. As a member there are many individuals I wouldn’t have an opinion about. However, there are certain individuals I wouldn’t want anywhere near the club or the Trust. Seems the right thing to do as far as I am concerned.

Yep…. You’d have to be really careful not to create an OBN wouldn’t you… That could so easily happen 😁😁
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« Reply #29158 on: September 13, 2021, 09:33:15 am »

OBN?
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« Reply #29159 on: September 13, 2021, 09:51:22 am »

OBN?

Old Boys Network? 
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“They shall grow not old as we that are left grow old:
Age shall not weary them, nor the years condemn.
At the going down of the sun and in the morning
We will remember them.” Laurence Binyon

The Hotelend Grand National Sweepstake Champion 2009
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