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Redevelopment Closer Than Ever?

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Author Topic: Redevelopment Closer Than Ever?  (Read 1014654 times)
MK_Cobbler
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« Reply #21800 on: June 06, 2018, 12:36:38 pm »

What annoys me is the shambolic nature of it all
The club havenít even told the fans whatís going on regards the land and still havenít produced a set of plans for the stand!
Whatever good the current owners have done for the club the way the redevelopment has been handled is very very poor.
The supporters are yet again piggy in the middle and being kept out of the loop at a time when they above all others should be very much involved.
The club and council conveniently mention non disclosure which I find totally unfair upon both paying customers and tax payers.
The whole episode is being handled appallingly.
It seems yet again that itís a handful of fans on here that are responsible for finding out whatís going on that is then made official by the chronicle who then run a story.

Weíve been down this road before.......

All I ask is honesty from the club and the council.
The board have gone very quiet regards the latest claims of land acquisition.
As a fan I have no idea whatís true and whatís false
Whatís more frustrating is despite paying to join a supporters trust they have been made impotent by their exclusion from the board.
They and the fan base in general have been cut off and as a fan I have never felt more disconnected from the club than I have now.
So much so that my appetite for the club has waned and I havenít renewed my season ticket.
I feel totally disenchanted and it feels like ntfc arenít the club Iíve supported for thirty years

Nowadays they seem a political object that just gets kicked from pillar to post with money making the principal attraction.
The football side of things is a side show.
Thatís not the club Iíve known.
Yes there have been plenty of low points down the years but I always felt part of the club,nowadays I get the impression that ntfc is not a football club for the town but a stadium built on valuable land.

You could argue for all the fanfare when sixfields was built the club hasnít moved forward at all,in fact since the move the club has just become a political football rather than a home of football.

For the sake of the FOOTBALL club please sort things out and please hold a forum so questions can be answered.



Not sure if I have missed something here... why would the club spend money on proposed plans for a development which involves land thatís wound up in a lease that they donít own?
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« Reply #21801 on: June 06, 2018, 15:25:16 pm »

Not sure if I have missed something here... why would the club spend money on proposed plans for a development which involves land thatís wound up in a lease that they donít own?
So who owns it then? The land is either CDNL or NTFC
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« Reply #21802 on: June 06, 2018, 16:05:55 pm »

So who owns it then? The land is either CDNL or NTFC

Isn't that the £10m question?
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« Reply #21803 on: June 06, 2018, 16:26:00 pm »

Isn't that the £10m question?
NOOOO FFS how many more times CDNL own all the land that Cardoza had except half of the Athletics track from the back of the East Stand.
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« Reply #21804 on: June 06, 2018, 16:38:13 pm »

That maybe correct 04, but the Council saved us by absolving NTFC from the £10/12 million debt. Clearly that gesture was made on the basis that NBC had the ability to reclaim land held by CDNL to recover the debt. It seems to me judging by comments on here,Jolly for example; that KT etc stole a march on NBC by securing the transfer of leases on the demise of CDNL. If the comments on here are correct as outlined by Jolly then the aims and objectives of KT/DB need to be scrutinised. Most of us are NBC rate payers and itís our money collectively as well.


The debt from the money given to the Dodgy lot was not from the coffers of NBC, but a fund from central goverment.
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« Reply #21805 on: June 06, 2018, 16:43:08 pm »


The debt from the money given to the Dodgy lot was not from the coffers of NBC, but a fund from central goverment.

Isn't this something of a moot point? The fact is, our football club was provided a ten-million loan...which then went missing.
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« Reply #21806 on: June 06, 2018, 16:50:43 pm »

#wewantanswers  part deux
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All he had to do was build a stand.
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« Reply #21807 on: June 06, 2018, 16:57:24 pm »


The debt from the money given to the Dodgy lot was not from the coffers of NBC, but a fund from central goverment.

A fund from central government.....yes. But where does central government get its money? From taxes of course....whether it be road tax, income tax, corporation tax, VAT, Insurance premium tax or any other of the thousands of ways the public are taxed.

So directly or indirectly it is "public money".

Wherever it came from the Borough Council was able to borrow it and pass it on to the club. The Council received a preferential rate of interest but it is THEY who guaranteed it and they who are paying it back in instalments. It was the club who were meant to pay back the loan...30k a month rings a bell and it was when the club missed three repayments that it all went t1ts up.

I'm sure there is reference to this above somewhere not too far up the thread. But, if memory serves me correctly it is the Borough Council of Northampton who are paying and have been paying back the money borrowed from the government pot. That is what they are so keen either to gain control of the land, gain funds from someone else having control of the land, or chasing the "thieves" down via the legal route.

NBC are not able to just say...."oh well, it wasn't our money"....they are liable for the debt. True, they may not have had the correct procedures in place and might not have carried out proper due diligence when loaning the club.....or 1st Land the money....but the fact remains that the Council are liable for the debt and if they are paying back without recovering anything then again, directly or indirectly it is the borough council tax payers of Northampton who will suffer.
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« Reply #21808 on: June 06, 2018, 17:15:30 pm »

Think it was EU regeneration money if I remember correctly.
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« Reply #21809 on: June 06, 2018, 17:36:47 pm »

Look, does it matter where the 10.25m came from?? Whether it be Borough Council money, EU Money or a loan from the Queen.....it needs to be paid back!!

Having had a good read of a document I have come to be in posession of it appears that the Council are paying the interest on the loan....and it was the club who were meant to be paying the council so they could pay that interest until the loan matured in 2020.

Obviously the club are not paying the council, so the council is/will be paying a total of £1.2 million in interest on this loan....until 2020. Then the capital is due to be repaid.

The loan principle outstanding is 10.219 million as the club did in fact make £31,000 or repayments before defaulting three monthly payments in a row. Interest amounts to circa £275k per annum....so that meant that the club....and now the council are paying £23,000 a month.

Interesting too that the report states that the conditional land contract between NBC and CDNL was cancelled , the Council is no longer subject to the conditions in the contract and remains the freeholder of the land subject to 2 very restricted leases currently held by CDNL (in liquidation)
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« Reply #21810 on: June 06, 2018, 17:37:01 pm »

NBC are not able to just say...."oh well, it wasn't our money"....they are liable for the debt. True, they may not have had the correct procedures in place and might not have carried out proper due diligence when loaning the club.....or 1st Land the money....but the fact remains that the Council are liable for the debt and if they are paying back without recovering anything then again, directly or indirectly it is the borough council tax payers of Northampton who will suffer.

I hope this explains why they havenít cut the **** grass in months?
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« Reply #21811 on: June 06, 2018, 17:40:18 pm »

I hope this explains why they havenít cut the **** grass in months?

lol...who knows what effect the black hole has on things.....reintroducing car parking charges in town at the weekends, changing/cutting back the bin emptying schedule, not cutting the grass,  not cleaning out the drains in Far Cotton.......whatever.

You get less and less for your council tax every year it seems!!
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« Reply #21812 on: June 06, 2018, 18:01:24 pm »

Isn't the grass cutting down to the outgoing company no bothering to do it.
New company starting and will "deep clean " the Town. Best of luck with that !!
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« Reply #21813 on: June 06, 2018, 18:14:41 pm »

I know James Averill can speak for himself on this but I have noticed a tweet from him today it reads as follows.

"Papers are out for the Cabinet meeting of Northampton Borough Council on Wednesday June 13. Discussions over loan to the Cobblers intended to be held in private due to 'sensitive information'. Same goes for Delapre Abbey restoration project. Agenda item called 'surrender of lease on land at Sixfields stadium' remains open to public as things stand, although no further documentation on that issue is available yet."


Interesting wording used.
   
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« Reply #21814 on: June 06, 2018, 19:08:12 pm »

I know James Averill can speak for himself on this but I have noticed a tweet from him today it reads as follows.

"Papers are out for the Cabinet meeting of Northampton Borough Council on Wednesday June 13. Discussions over loan to the Cobblers intended to be held in private due to 'sensitive information'. Same goes for Delapre Abbey restoration project. Agenda item called 'surrender of lease on land at Sixfields stadium' remains open to public as things stand, although no further documentation on that issue is available yet."


Interesting wording used.
   


https://www.northamptonchron.co.uk/news/missing-10-25m-cobblers-loan-and-redevelopment-to-be-discussed-at-cabinet-in-private-1-8523986
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« Reply #21815 on: June 06, 2018, 19:46:52 pm »

Here it is.

Or isnít

http://www.northamptonboroughcouncil.com/ieListDocuments.aspx?CId=528&MId=8512&Ver=4

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I think someone should just take this city of Peterborough and just... just flush it down the f***in' toilet
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« Reply #21816 on: June 06, 2018, 19:59:46 pm »

What moment would be right? After you've just made £100m  Grin
The only way this deal should come off is KT and DB pay back the council the £10m, build the original Cardoza East Stand, same as the West and extend the South Stand with 12 rows of seating behind the existing 9 rows.
I sure there is still more than enough profit after that. To make it worth their while.
If there is SO much money to be made why did you not buy the club before KT put his money where his mouth is?

It is so easy preaching from behind a keyboard!
Action speak louder than words and KT got off his arse!
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« Reply #21817 on: June 06, 2018, 20:17:16 pm »

If there is SO much money to be made why did you not buy the club before KT put his money where his mouth is?

It is so easy preaching from behind a keyboard!
Action speak louder than words and KT got off his arse!

So, you believe it's okay to have agreed a deal with NBC, and then to go behind their backs to secure the land leases, even though the aforementioned agreement dealt with the fact these leases would be used by NBC to recover the lost (stolen) monies? That's okay, is it?
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« Reply #21818 on: June 06, 2018, 20:27:44 pm »

Wouldnít the same option have been open to NBC to pursue or did the need for a gazillion focus groups, discussion meetings, planning forums, cabinet meetings prevent the likelihood from happening?

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I think someone should just take this city of Peterborough and just... just flush it down the f***in' toilet
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« Reply #21819 on: June 06, 2018, 20:47:32 pm »

I used the term 'Chancer' on here last week, to describe our front man. I totally stand by that view I have.

85% of this boards users were happy with the stewardship of the football club about 6 weeks ago, I think that percentage will come down as the story and the sub plots unravel.

At the end of the day (Village idiot), they promised 4 million quid ring fenced to sort the stand out and over 2 and a half years later, nothings happened. So profit from land shouldn't come into it. They showed proof of funding, that was part of how they got the football club and why the local consortium and the Trust backed them and why they got a clear run on goal to secure the 'deal'.

Im now speculating when I say that the cost base has grown so much that without player sales, an unexpected cup run or some other currently unknown bonus landing NTFC's way, we are looking at a circa 1 million quid loss next season. Wages for starters are massively higher than they were when we won the league. So this lease thing being sorted in their favour is their last chance of getting their money back without a fire sale. Or they get shot of the club now relatively unscathed financially. Thats why I believe they have put the club up for sale. PUBLICLY.

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