guest49
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Ivan Toney = running costs.
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cobblerron
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Didn't the Indian consortium agree to buy us as well? Il believe it when I see it.......
As I was told at the time, yes. Was also told multiple other things that proved to be true. This whole thing is getting tiresome. I got some stuff wrong, but if you're happy to sit there and point score whilst we're up the creek then knock yourself out you sad bastard.
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Shoemaker
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As I was told at the time, yes. Was also told multiple other things that proved to be true. This whole thing is getting tiresome. I got some stuff wrong, but if you're happy to sit there and point score whilst we're up the creek then knock yourself out you sad bastard.
Thanks will do.
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Shoemaker
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So basically no one is buying the club until they can sort out who has to pay back the money. As much as it pains me to say it if I was the council I'd make a condition of buying the club an immediate payment of the £10.25M owed. They've already had their pants pulled down once and I don't suppose they'd welcome any more slip ups. Nor would the Northampton tax payers who don't give a fig about the cobblers. I'd suggest buying the club and letting a perspective new owner pay off the debt in stages would be a risky strategy. What if heaven forbid the first payment is met but then payments stop..... It's a bloody merry go round. For me whoevers buying should pay off the council and then buy the club. Excuse my scepticism but I can't see anyone doing that...
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Andy NN3
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I think it's extremely unlikely that NBC will see all (if any) if the £10.25m again.
The question now is, can they afford for NTFC not to continue, and be left with a half built stadium sitting empty costing them circa £500k a year to run?
The outcome, I guess, will lie somewhere between the two...
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cobblerron
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I shall when I get paid, is that okay Andy?
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Blackadder
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So basically no one is buying the club until they can sort out who has to pay back the money. As much as it pains me to say it if I was the council I'd make a condition of buying the club an immediate payment of the £10.25M owed. They've already had their pants pulled down once and I don't suppose they'd welcome any more slip ups. Nor would the Northampton tax payers who don't give a fig about the cobblers. I'd suggest buying the club and letting a perspective new owner pay off the debt in stages would be a risky strategy. What if heaven forbid the first payment is met but then payments stop..... It's a bloody merry go round. For me whoevers buying should pay off the council and then buy the club. Excuse my scepticism but I can't see anyone doing that...
But presumably no one buying the club would be the 10.25m not being repaid so there will have to be a compramise from the council. 10m over 100 years is surely better for all involved than nothing or 10p in the pound. No idea how the land deal fits into all this admittedly far to complicated for me and let's be honest were all trying to piece it together and make sense of the mess...
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Andy NN3
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Glad to hear it, especially as we need £166k now
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The 12th Marquis of Sixfields
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So where is this 10m now then? How come nobody seems too fussed about finding it?
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The Hotelend Grand National Sweepstake Champion 2023
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Cobbler1991
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So basically no one is buying the club until they can sort out who has to pay back the money. As much as it pains me to say it if I was the council I'd make a condition of buying the club an immediate payment of the £10.25M owed. They've already had their pants pulled down once and I don't suppose they'd welcome any more slip ups. Nor would the Northampton tax payers who don't give a fig about the cobblers. I'd suggest buying the club and letting a perspective new owner pay off the debt in stages would be a risky strategy. What if heaven forbid the first payment is met but then payments stop..... It's a bloody merry go round. For me whoevers buying should pay off the council and then buy the club. Excuse my scepticism but I can't see anyone doing that...
If we follow your plan, we're definitely going into liquidation. Nobody unless they are an NTFC fan with lots of cash to throw around is going to agree to those terms and going by the lack of them showing interest, I can assume the number of people in this case is about the same as the number of Dodo's around. If we want NTFC to exist without starting in the United Counties, it will have to be paid back in stages.
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Matthew Rush
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So all £10.25m was given to 1st Land. Convenient.
That's not what was said. He said some (I'm assuming ~£2m) was retained by the club for West Stand work which was directly contracted. The rest (~8m) was given to First Land which we already know.
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« Last Edit: October 26, 2015, 21:59:25 pm by Matthew Rush »
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Vince Planner
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So where is this 10m now then? How come nobody seems too fussed about finding it?
Exactly, why hasn't someone been arrested?
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claretarmy
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I thought the NBC statement in the chron on Thursday said that they would get the 10 million back by selling the land?
Has something else been said at the meeting tonight?
Surely this can be investigated to find out where this loan money has ended up!!
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Blackadder
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Exactly, why hasn't someone been arrested?
Presumably because nothing illegal happened, but got to agree with The Marquis why doesn't anyone seem to fussed about getting answers.
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Power Football
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Exactly, why hasn't someone been arrested?
Let's face it, something illegal has happened, or it's incompetence of the complete highest order. If any other business had acted this way, everyone would say that they deserve to go bust.
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Shoemaker
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If we follow your plan, we're definitely going into liquidation. Nobody unless they are an NTFC fan with lots of cash to throw around is going to agree to those terms and going by the lack of them showing interest, I can assume the number of people in this case is about the same as the number of Dodo's around.
If we want NTFC to exist without starting in the United Counties, it will have to be paid back in stages.
I can see your point but I think it's a fair point that having been royally shafted regards payments once the council are under no obligation to give anyone else coming in any slack. In fairness many would argue its something they certainly should not do,once bitten etc. Whilst of course there is an argument that they may as well hope to get it back over a period of time there is no guarantee that they have to accept this. In fairness the club has been an absolute nightmare for the council and they may decide that if they can't get an acceptable compromise then they might as well wash their hands of the club and the money. I hope it doesn't materialise but there is a chance that ntfc may be more trouble than they are worth as far as the council are concerned. Even the most passionate fan would have to admit that they could have a point
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Power Football
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As for our CEO.... Not sure how he still has a job if that amount of money has been paid to someone "by mistake".
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lift tower
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Let's face it, something illegal has happened, or it's incompetence of the complete highest order.
If any other business had acted this way, everyone would say that they deserve to go bust.
reminds me of news international and the phone hacking scandal.
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guest49
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So where is this 10m now then? How come nobody seems too fussed about finding it?
That should be the focus. It hasn't been spent, so should be pursued to repay the loan. If it is sitting legally in Grossman's Flexaccount then it should at least be clarified. It's like it has vanished into a 1st Land hole but these things happen, so It's a good point though. It's not the customers (fans) fault but as a business we deserve to go bust. Thanks to the man at the top.
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