Redevelopment Closer Than Ever?

[Terryfenwickatemyhamster]

The ones who will look pathetic are the ones who still supported our chairman until the bitter end.
I have to say it beats the shît out of me the love in with Thomas and the hatred for the Trust, utterly bizarre.

I reckon I’ll carry on judging each aspect of his tenure on its individual merits or failings. I’m not one for pathological hatred 

[Terryfenwickatemyhamster]

It should also be possible to be critical of the club in a constructive way and not be judged for that, and at the same time to be understanding of the Trusts concern over the long term future of the club.

Of course it should. As far as I’m concerned both the club and the Trust Board are entitled to their perspectives. I’m not sure either of them worry too much about the support though.

[Manwork04]

I reckon I’ll carry on judging each aspect of his tenure on its individual merits or failings. I’m not one for pathological hatred 

I must say I’ve noticed your impartial view when it comes to posting about the Trust 😂

[everbrite]

I think that you are agreeing with what i have said...

Not about the term ‘random’.

[Smoking Boots]

The new manager of Northampton (Trust) FC. Be prepared for some boring football 

Best manager Ive seen..route one works...as long as the left back has a premier left foot ie Duncan Spedding or numerous other full backs..
So close but so far from the championship, his work should be respected.

[singcobb]

https://www.betterhelp.com/advice/how-to/how-to-deal-with-people-who-think-they-know-everything/

I read that, but it obviously doesn't apply to you.

[Terryfenwickatemyhamster]

I must say I’ve noticed your impartial view when it comes to posting about the Trust 😂

Well… You’d be a bare face liar, if you notice my discontent on anything that what I see as there lack of engagement with their members. Other than that, they have, and will always have my support. You need to be careful who you listen to. You’re already starting to sound like the other Lemmings to the puppet master.

Where as I can’t think of one constructive thing you have managed to spout about KT. So I would rank my views considerably more balanced than yours, across a significant spectrum.

[Manwork04]

Well… You’d be a bare face liar, if you notice my discontent on anything that what I see as there lack of engagement with their members. Other than that, they have, and will always have my support. You need to be careful who you listen to. You’re already starting to sound like the other Lemmings to the puppet master.

Where as I can’t think of one constructive thing you have managed to spout about KT. So I would rank my views considerably more balanced than yours, across a significant spectrum.

The only constructive comment I can make is for KT to leave. Tel I have an opinion and I have the bollox to stick by my convictions.

[Risdene]

The only constructive comment I can make is for KT to leave. Tel I have an opinion and I have the bollox to stick by my convictions.

and your tangible alternative to KT's ownership is?

[Carton Lid]

and your tangible alternative to KT's ownership is?

There is minimal alternatives whilst the club is saddled with £7M debt. Pretty much the same as when KT first looked to buy the club only to find a £10M debt, from which he, rightly, walked away.
    Am I the only one who thinks that we need a radical shake up to do something about the average £1M loss per year ?

[Zen Master]

I’ll never see it but it would be interesting to see how the debt was accumulated?
How much on fixed costs such as utilities? Stadium infrastructure etc.
How much on playing budget per season? I’d expect the JFH period may have blown a big hole in that years accounts
How much on severance payments?
Non match day staff
Temp match day staff
Flights from the USA?
Senior staffing costs.
Directors renumeration?

[Manwork04]

I’ll never see it but it would be interesting to see how the debt was accumulated?
How much on fixed costs such as utilities? Stadium infrastructure etc.
How much on playing budget per season? I’d expect the JFH period may have blown a big hole in that years accounts
How much on severance payments?
Non match day staff
Temp match day staff
Flights from the USA?
Senior staffing costs.
Directors renumeration?

A very good question indeed mate, I think some of the director loans might shock a few.

[cobblertone]

I’ll never see it but it would be interesting to see how the debt was accumulated?
How much on fixed costs such as utilities? Stadium infrastructure etc.
How much on playing budget per season? I’d expect the JFH period may have blown a big hole in that years accounts
How much on severance payments?
Non match day staff
Temp match day staff
Flights from the USA?
Senior staffing costs.
Directors renumeration?

It is a fair question and also how do we compare to the other clubs in league two?
I’m sure GPC has it on a spreadsheet to hand 
It’s probably a debt indicator as our assets don’t take long to work out 

[London cobbler]

There is minimal alternatives whilst the club is saddled with £7M debt. Pretty much the same as when KT first looked to buy the club only to find a £10M debt, from which he, rightly, walked away.
    Am I the only one who thinks that we need a radical shake up to do something about the average £1M loss per year ?

As has been mentioned elsewhere the loss isn't that crazy in comparison to others. The whole 'industry' needs a radical shake up but I have no idea what can be done to get it back anywhere close to a normal industry. Luckily there are people much wiser than me (and Gary Neville) looking into it.

[Terryfenwickatemyhamster]

The only constructive comment I can make is for KT to leave. Tel I have an opinion and I have the bollox to stick by my convictions.

Then I’m sure you will endeavour to value that others…

[Melbourne Cobbler]

I read with interest KTs comments regarding the clubs stance over the fan led review in the Tracy Crouch report. KT has indicated that the club had already instigated fan involvement at a level greater than other clubs. Whilst that may be the case, I would argue that the supporters ability to influence and control the direction of the club is still no where near adequate. Additionally whilst greater financial controls and greater distribution of wealth has been welcomed, again I am concerned the measures may end up not going far enough. Clubs budgets should not be allowed to exceed income, it’s that simple. Whilst our club has no external debt we shouldn’t be under any illusion that there remains a risk. Our current committed budget far exceeds income. To that end I would ask Kelvin Thomas the same question I would ask any investor owner. In the event your outside business interests ran into serious financial trouble, what would happen to the club? To that end to varying degrees a club with a 125 year history may be at the mercy of the business or the associated industry fortunes of a short term investor, relatively speaking. Dress it up how you like, but that is the reality. The Tracey Crouch report presents a rare opportunity to address footballs financial shortcomings and we should make the most of it while we can.

[Terryfenwickatemyhamster]

As I said AT THE TIME OF THE ANNOUNCEMENT the appointment of a supporters representative on the board was effectively to get ahead of the game. Now…. Regardless of all of the concerns raised around that appointment, it was a fully democratic process. It will also be in line, or above what the proposed guidelines are for supporter representation at board level. So that only leaves the establishment of transparent feedback on subjects raised by the support.

There has to be some consensus going forward on the best way to use Tom's position. We have already seen some rather puerile attempts to undermine his role already. Albeit from the same source. There is no way he can spend all of his time fielding multiple questions from a plethora of origins. Plus it needs to be said, that dressing up the same question in as many guises as possible needs to be stopped. I’m sure as things pan out we will start to see some clarity on how the club and the supporters democratically appointed representative ensure appropriate engagement and candour

[Manwork04]

As I said AT THE TIME OF THE ANNOUNCEMENT the appointment of a supporters representative on the board was effectively to get ahead of the game. Now…. Regardless of all of the concerns raised around that appointment, it was a fully democratic process. It will also be in line, or above what the proposed guidelines are for supporter representation at board level. So that only leaves the establishment of transparent feedback on subjects raised by the support.

There has to be some consensus going forward on the best way to use Tom's position. We have already seen some rather puerile attempts to undermine his role already. Albeit from the same source. There is no way he can spend all of his time fielding multiple questions from a plethora of origins. Plus it needs to be said, that dressing up the same question in as many guises as possible needs to be stopped. I’m sure as things pan out we will start to see some clarity on how the club and the supporters democratically appointed representative ensure appropriate engagement and candour

I’ve heard from various sources that you like to run and tell KT and JW all that’s going on, especially on this forum so you could proof the questions for the owners? 

[cobblertone]

It’s not different when big organisations scrambled to put (non unionised) consultative employee bodies in place before it became the law. Some will be effective, many will be ticking a box. The fan rep role will be the same and Tom seems the ideal bloke, so let’s hope it adds tangible value.

[GrangeParkCobbler]

It is a fair question and also how do we compare to the other clubs in league two?
I’m sure GPC has it on a spreadsheet to hand 
It’s probably a debt indicator as our assets don’t take long to work out 

Never be able to find that sort of stuff out from the abbreviated accounts that are published.

A look at the last set of filed accounts though does show that "staffing costs" were in the region of £4m...... so when you think that our playing budget (Players wages etc) only takes up half that, perhaps not even that, it does suggest that a lot of money is paid out elsewhere.

Staffing costs of £4m on a company turnover of £5.3m is too high surely? There are a great many other costs involved and not a lot of money left to pay those costs by the look of it.

The accounts also show a figure of £1.1m in "administrative expenses"...... again, surely too high? How can you have admin expenses running at 20% of total turnover?

Kelvin stated yesterday that if we ran the club "in a sustainable way" then we would have the lowest or second lowest wage budget in the league? Is he being serious? We would be below the likes of Sutton, Barrow, Harrogate, Crawley or any other the other League 2 heavyweights?. That statement alone tells me there needs to be a complete overhaul of the club and its finances. We are haemorrhaging money somewhere! We get the same money in from the EFL and Sky as the others do, we don't pay anything to rent the ground, we don't own it and we spend precious little maintaining it, so I struggle to see where the drain on finances is. We don't have a particularly big squad, we only have a modest wage bill.....