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Redevelopment Closer Than Ever?

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Author Topic: Redevelopment Closer Than Ever?  (Read 1368902 times)
Carton Lid
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« Reply #34320 on: June 20, 2022, 12:32:02 pm »

There's no mention at all of where the initial investment will come from to buy the land or what the "commercial development" could cover (and no, I'm aware we don't know what the owners have in mind for that tranche of land either).
 
I was told last week that half the land would be a Car Park and half sold off for re-development
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« Reply #34321 on: June 20, 2022, 12:44:38 pm »

I was told last week that half the land would be a Car Park and half sold off for re-development
Of course it will be, if I had no affinity for the club Iíd do the same, KT and DB are business men, they want to maximise their investment, I am still shocked by the amount of support our owners get from the wider fan base.

Can you imagine this happening at the Saints? New owners come in and sell off all the land around the gardens there would be uproar.
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« Reply #34322 on: June 20, 2022, 14:09:43 pm »


Can you imagine this happening at the Saints? New owners come in and sell off all the land around the gardens there would be uproar.
Im not convinced about that. They just shrugged their shoulders and accepted it, when some of their bigger games were switched to MK.
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« Reply #34323 on: June 20, 2022, 14:48:12 pm »

Interesting reading, again it's a lot of we've done this but can't tell you yet, which has plagued the development of the East Stand and wider area from the outset.

Two questions...

1. If the Trust purchase the ACV will they own the entire footprint the Stadium and Athletics track sits on?

2. Any proceeds from this will go to the Trust, will the football club as it stands see any benefit from what you propose or is this the first step towards The Trust buying and running the football club?

Apologies if the above come across as silly questions but there's been so much talk around the development, I've lost track of what's what.
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« Reply #34324 on: June 20, 2022, 15:05:14 pm »

It looks interesting, but as they say the Devil is in the Detail, which there isn't really any at this stage. It would be interesting to know who the intended Joint Venture is with, when are we likely to see enough of the detail to see whether we as fans should back this or not?
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« Reply #34325 on: June 20, 2022, 16:15:38 pm »

Agreed the devil is in the detail.
The statement speaks of profits for the Trust...
I thought profit was a dirty word....

If the Trust is going to contractually agree to spend every penny earned in improving the ground or the team, from the minute this project(whatever it is) gets going, then great.
However, if there is a third party involved, who will be taking a cut.... How is this more beneficial to Northampton Town Football Club than what we currently have?

These kinds of questions will need to be answered to get wider support.
Stands back and awaits a "what has Thomas done you KT love child" response.
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« Reply #34326 on: June 20, 2022, 16:20:35 pm »

The proposal is for the local company and the Trust to form a joint venture company with the proceeds/profits being split on a 50/50 basis between the two parties. The money due to the Trust will be placed into the infrastructure foundation which will be used to make improvements to any area of the infrastructure at the club, from a new TV in Carrs Bar to funding and proposed expansion to one or more of the stands.
The money will not go to the Trust just to sit in their bank account!!
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Battery Man
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« Reply #34327 on: June 20, 2022, 16:24:46 pm »

The proposal is for the local company and the Trust to form a joint venture company with the proceeds/profits being split on a 50/50 basis between the two parties. The money due to the Trust will be placed into the infrastructure foundation which will be used to make improvements to any area of the infrastructure at the club, from a new TV in Carrs Bar to funding and proposed expansion to one or more of the stands.
The money will not go to the Trust just to sit in their bank account!!

Thanks for that GPC, when do you think the fans will find out more details of this, especially the local company involved, will it be before the 3rd September deadline, as, if it is going to be of benefit it would be good to have all the info before that start of the season so we can see whats happening.
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« Reply #34328 on: June 20, 2022, 16:26:32 pm »

The proposal is for the local company and the Trust to form a joint venture company with the proceeds/profits being split on a 50/50 basis between the two parties. The money due to the Trust will be placed into the infrastructure foundation which will be used to make improvements to any area of the infrastructure at the club, from a new TV in Carrs Bar to funding and proposed expansion to one or more of the stands.
The money will not go to the Trust just to sit in their bank account!!

Thanks mate.
So just to be clear.
50% of any money that could be made by CDNL to find NTFC could now go to another local company?
Or am I being really thick here?
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Carton Lid
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« Reply #34329 on: June 20, 2022, 16:47:59 pm »

Thanks mate.
So just to be clear.
50% of any money that could be made by CDNL to find NTFC could now go to another local company?
Or am I being really thick here?
Or 100% of the money made could go to Belle De Jour  or any of the other companies involved in the NTFC ownership ?
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BackOfTheNet
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« Reply #34330 on: June 20, 2022, 16:57:42 pm »

Quote from: Carton Lid link=topic=5547.msg468041#msg468041  date=1655740079
Or 100% of the money made could go to Belle De Jour  or any of the other companies involved in the NTFC ownership ?

Who currently fund the club. Roll Eyes

So if up to £250k pa is going to come into the Trust coffers, is the suggestion that whatever is being planned will realise £500k pa? That's a significant return!
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« Reply #34331 on: June 20, 2022, 17:24:06 pm »

Or 100% of the money made could go to Belle De Jour  or any of the other companies involved in the NTFC ownership ?

And it's snidey swipes like this that need to stop if you want to start getting fans back on board with the Trust.
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« Reply #34332 on: June 20, 2022, 17:27:51 pm »

Thanks mate.
So just to be clear.
50% of any money that could be made by CDNL to find NTFC could now go to another local company?
Or am I being really thick here?

Its a very simplistic view there Glen......but I wouldn't call you thick!!

To come to the conclusion you have reached you would have to know the following.....

How much of the proposed £2.05m purchase price for the land deal would be attributed to that portion (the CDNL portion) of the land
What was going to happen with that land
How much money the clubs plans for that land would generate
Where that money generated would go, be it to fund something or purely to pay down the external debt to the owner.

What the Trust have done is to specify where any proceeds would go, as in to an infrastructure fund which could be used in the way i've outlined above.

Of course all of this is dependant on....

a) The council being willing even to entertain an offer on the ACV Land
b) An acceptable offer on that land being made
c) The Leaseholder (CDNL) allowing any project to go forward using that land
d) If the project does go forward then it achieving the potential income forecast to be achieved.
e) If the income is achieved then it relies on the club being willing to accept any money to improve any particular aspect of the infrastructure.

There's a long way to go yet and a significant number of hurdles to be jumped!!
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GrangeParkCobbler
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« Reply #34333 on: June 20, 2022, 17:37:17 pm »

And it's snidey swipes like this that need to stop if you want to start getting fans back on board with the Trust.


Perception is a dangerous thing!! I took the comments that potentially the Trust could be depriving the Club of 250k a year to be similarly "snidey"....... well not really!! Just the way people feel and read things. Views are too polarised!!

Its entirely possible that any revenue from any land could be used to pay down the debt to the Football Clubs biggest creditor...namely Belle-de-Jour, though in fairness it is also entirely possible that none of the revenue goes that way either.
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« Reply #34334 on: June 20, 2022, 17:37:54 pm »

So if The Trust are successful in buying the land, you'd need to foster some sort of working relationship with the very people you don't really like and vice versa as the feeling appears to be mutual for anything to actually happen?
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« Reply #34335 on: June 20, 2022, 17:41:15 pm »

So if The Trust are successful in buying the land, you'd need to foster some sort of working relationship with the very people you don't really like and vice versa as the feeling appears to be mutual for anything to actually happen?

It would surely have to get above the "we don't like you so we are not speaking to you" level on both sides if it was for the good of the Football Club wouldn't it? If it didn't and one party did not come to play ball then that party should quite rightly feel the wrath of the supporters.
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Manwork04
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« Reply #34336 on: June 20, 2022, 18:02:39 pm »

Im not convinced about that. They just shrugged their shoulders and accepted it, when some of their bigger games were switched to MK.
The reason it was moved was because at the time Saints didnít have a 15k capacity which was the threshold for holding big games e.g. semi finals in Europe.
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Manwork04
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« Reply #34337 on: June 20, 2022, 18:09:51 pm »

So if The Trust are successful in buying the land, you'd need to foster some sort of working relationship with the very people you don't really like and vice versa as the feeling appears to be mutual for anything to actually happen?
I tell you what would be interesting, for balance,  what do our current owners plan to do with the club post land deal?
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« Reply #34338 on: June 20, 2022, 18:18:59 pm »

I tell you what would be interesting, for balance,  what do our current owners plan to do with the club post land deal?

I don't know. I'm just asking questions around the latest vague statement from one of the parties interested in the the long drawn out saga of the redevelopment of Sixfields wondering if I'll see anything happen before I shuffle off my mortal coil.
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« Reply #34339 on: June 20, 2022, 19:02:06 pm »

The reason it was moved was because at the time Saints didnít have a 15k capacity which was the threshold for holding big games e.g. semi finals in Europe.
As i recall, a couple of Prem games were moved as well. Nowt to do with europe. And bumping into some egg chasing mates down The Rover, or The Foundrymans, they just said, its a day out, and we are having a beer in Bletchley rugby club. They were moved for money. Nothing else.
https://www.northamptonsaints.co.uk/news/saints-versus-saracens-heading-back-to-stadiummk

https://www.northamptonsaints.co.uk/news/your-day-at-stadium-mk
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