JollyCobbler
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It used to be so much better when I used to turn up at the County Ground, bought a programme, paid my entrance money, found somewhere to stand, read the names of those who were lining up for us, watched the match, invariably moaned, then went home whilst picking up a tanners worth of batter bits from the chippy, read the match report in the Green/Pink 'Un and then forgot about the Cobblers until the next home match. Are we in receipt of much too much information now?
As far as current ownership of the club goes, and associated liabilities, I'd venture we currently have too little information... I take your point, though.
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Manwork04
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It used to be so much better when I used to turn up at the County Ground, bought a programme, paid my entrance money, found somewhere to stand, read the names of those who were lining up for us, watched the match, invariably moaned, then went home whilst picking up a tanners worth of batter bits from the chippy, read the match report in the Green/Pink 'Un and then forgot about the Cobblers until the next home match. Are we in receipt of much too much information now?
+1
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Rule Britannia
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Manwork04
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Yes. David Bower and Kelvin Thomas are also directors of Ventures still alongside the two people named from China, yet Ventures is controlled by Fantastical ltd whose directors are Kelvin Thomas and David Bower. The company lending it Belle de Jour are registered in the British Virgin Islands. If anyone would like me to pop over and ask questions and cover the cost I'm happy to do this.
What does it mean. No idea.
#skint
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Rule Britannia
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meccanostand
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It used to be so much better when I used to turn up at the County Ground, bought a programme, paid my entrance money, found somewhere to stand, read the names of those who were lining up for us, watched the match, invariably moaned, then went home whilst picking up a tanners worth of batter bits from the chippy, read the match report in the Green/Pink 'Un and then forgot about the Cobblers until the next home match. Are we in receipt of much too much information now?
Then a quick jaunt to the Exeter Rooms to have it revealed we're a million in debt and close to going to the wall.
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everbrite
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To be repaid Jan 31st 2018. What it means I dont know..Our first £1 Million player??
Get GPC on the case ? I think? it was to cover players and wages etc
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2020 Grand National S/S 3rd Place
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GrangeParkCobbler
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Get GPC on the case ? I think? it was to cover players and wages etc
So the way I read it is that Belle De Jour has lent the club £1.151m which is to be repaid by 31st January. Should this not be repaid by Northampton Town Ventures (the owners of the club) then NT Ventures shares to the tune of the above amount will transfer to Belle De Jour or NT Ventures will issue new shares direct to BDJ. To put it simply it looks like Thomas and Bower will (re)gain a large chunk of NT Ventures one way or another........and it looks like this investment that seems to be bankrolling the January transfer spree has come from them and not 5USports.
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The Hotel End GTA Champion 2006/07, 2007/08, 2011/12, 2012/13, 2018/19 and 2023/24
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Manwork04
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Correct In the way of a loan GPC, much the same way as the captain did. Now do you get the # skint
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Rule Britannia
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guest170
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Correct In the way of a loan GPC, much the same way as the captain did. Now do you get the # skint
The way I read this is that Kelvin and David have businesses and money outside of the football club. They are willing to use that money from one of their business in order to keep their other business (NTFC) in the more profitable League 1 but have the security of the loan repayment or shares in order to protect both their interests. With the either or arrangement there wont be any outstanding debt come the repayment date Essentially its a way of our owner moving his own money around in a way that keeps all of his business interests profitable whilst having a degree of protection
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clarkeysntfc
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Has anyone actually asked Kelvin via Facebook or email?
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Vintage Cobbler
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On the face of it, a matter for concern. A short-term loan of 3 weeks for £1,151million is made to NTFC and secured on the share capital of the football club held by Ventures. This development appears to remove the assumption that the Chinese have quietly come good and have been bank rolling our January spending spree. The loan period is unusually short and the loan is due to be repaid on 31 January. I don't think the January gate receipts are going to cover this so the question is how is the club going to honour its repayment commitment. Answers please, Mr Chairman with, for once, some clarity and without bull-s***.
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Onetouch
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It could be that KT has paid the money into the club and 5uSport will pay him back on the 31st Jan.
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GrangeParkCobbler
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The way I read this is that Kelvin and David have businesses and money outside of the football club. They are willing to use that money from one of their business in order to keep their other business (NTFC) in the more profitable League 1 but have the security of the loan repayment or shares in order to protect both their interests. With the either or arrangement there wont be any outstanding debt come the repayment date
Essentially its a way of our owner moving his own money around in a way that keeps all of his business interests profitable whilst having a degree of protection
When you say "our owner", who do you mean? Are you forgetting that 5USport took 60% of NTFC Ventures so effectively they are the owners. This is a minority partner putting money into the club.
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The Hotel End GTA Champion 2006/07, 2007/08, 2011/12, 2012/13, 2018/19 and 2023/24
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Vintage Cobbler
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I think we can be certain that it is not all KT's money by any means since he is a front man. Bower we know of and s well heeled but who is behind Belle De Jour Ltd? It all comes down to transparency concerning which there has been an alarming absence since the Chinese arrived. If it is all straight-forward then it can be easily explained. Like the redevelopment, the longer nothing happens without a convincing explanation the more suspicions will grow. Witness this thread in recent months.
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BedsCobb
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Seriously hoping we avoid wracking up vast debts of the like we owed cardoza, £8,500.000 with absolutely nothing to show for them.
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Vintage Cobbler
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Injection of over £1m to NTFC is what is funding the club & its transfer activity. With the charge over the shares to Thomas, Bower and anonymous owners behind BVI offshore company it seems the relationship with the Chinese may have gone belly up. How sustainable we are with current ownership has to be open to question. This latest development goes some way to explaining East Stand inactivity with more credibility than that put forward by KT.
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Manwork04
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Injection of over £1m to NTFC is what is funding the club & its transfer activity. With the charge over the shares to Thomas, Bower and anonymous owners behind BVI offshore company it seems the relationship with the Chinese may have gone belly up. How sustainable we are with current ownership has to be open to question. This latest development goes some way to explaining East Stand inactivity with more credibility than that put forward by KT.
This is exactly what I have heard a few weeks ago hence the #skint Make no mistake we are in the sh1t.
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Rule Britannia
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Shoemaker
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Seriously hoping we avoid wracking up vast debts of the like we owed cardoza, £8,500.000 with absolutely nothing to show for them.
The one glimmer of hope is that for the first time in the thirty years I’ve supported the club we do seem to have a blueprint. I’ve moaned on here for years that in the modern game you have to speculate to accumulate in the same way as the fendwellers have done over the last few years. We now have started signing younger players who I’d imagine we’d have a chance of turning a profit on This means that for the first time in a long time the club will have assets on the pitch. Crooks,Bunney,Facey etc any of which may be our fabled first £1M player. Things look bright in that department.
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Phigar
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Incredible to see the reaction to this.
1. If we were in financial difficulty, we wouldn't be signing players. 2. You can forget ever reaching the Championship if you're not prepared to borrow money. Bournemouth needed over £20m to reach the Premiership. 3. Unless you are incredibly lucky, nobody will inject money without some form of guarantee.
Relax and enjoy the win tomorrow.
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guest2487
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Standard business practice, nothing to see here.
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Vintage Cobbler
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I can't see Bower & Thomas alone sustaining the club for anything other than a fairly brief period. It is much to do with their desire as their financial ability. So who comes after them seems to me to be the issue. The Chinese look like a busted flush.
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