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Redevelopment Closer Than Ever?

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Author Topic: Redevelopment Closer Than Ever?  (Read 1823223 times)
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« Reply #27560 on: October 05, 2020, 06:04:14 am »

Requesting a disclosure of plans is fine, demanding timescales in the middle of a global pandemic is not. When will the pandemic end, what are the short, medium and long term financial impacts of the pandemic and how will that effect the revenue streams of any development? If the answer to any of these points is “don’t know” then the ability to answer the timescales with any degree of accuracy is minimal. Further to this as any full financial impact is almost certainly unknown, it is likely that any development plans and their financing will need to be significantly redesigned and restructured to accomodate changes in the local and possibly the national economy? Therefore in all probability, the disclosure of the current details of any plans and an indication of timescales are likely to be considerably different to the result of what will be reasonably achievable once the consequences of the global pandemic are known? This would make any announcements or presentations probably worthless and perhaps merely nothing more than an exercise in telling supporters exactly what they want to hear? Frustrating maybe, but nevertheless a fact.
What is the problem, Trump says the vaccine will be sorted by November....ha, ha!!!

The scientists hope progress by Easter next year but it will still take 3 months to roll out the vaccine.

This does not stop KT/DB and NBC setting up the contracts and informing Northamptonshire folks. Only then will they be in a position to press the button to get the 12 month build started. Be the start date 6/20, 12/20 or later?
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« Reply #27561 on: October 05, 2020, 07:10:41 am »

What is the problem, Trump says the vaccine will be sorted by November....ha, ha!!!

The scientist hope progress by Easter next year but it will still take 3 months to roll out the vaccine.

This does not stop KT/DB and NBC setting up the contracts and informing Northamptonshire folks. Only then will they be in a position to press the button to get the 12 month build started. Be the start date 6/20, 12/20 or later?
Fair enough, all I’m saying is they will need to add the caveat “subject to the impact of Covid 19 being fully ascertained”, which makes the exercise pointless?
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« Reply #27562 on: October 05, 2020, 09:37:59 am »

This does not stop KT/DB and NBC setting up the contracts and informing Northamptonshire folks. Only then will they be in a position to press the button to get the 12 month build started. Be the start date 6/20, 12/20 or later?
Oven ready , like Boris' Brexit deal  Grin
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« Reply #27563 on: October 05, 2020, 09:51:54 am »

Oven ready , like Boris' Brexit deal  Grin

Who is your preferred leader el politico?
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« Reply #27564 on: October 05, 2020, 10:33:30 am »

The vast majority of Cobblers fans have been massively patient and supportive of KT/DB but now ALLthe cards need to be put on the table!

Is an agreement nearly completed with NBC?  If so when will we be told?

Show the supporters the plans of the development the club wish to proceed with!

As important what is the timescale? They have had over 4 years to put the paperwork and finances in place so when will fans hopefully see machines on site? 6 months, 2 years, another 4 years+ or never?

I have sat on my hands sooooooo long, waiting for our future as a club to be decided, I am sure they flattened to twice the size they were!

Somebody somewhere have the courtesy to include the Cobblers fans and Northampton electorate in the conversation!!!!

ENOUGH is ENOUGH!
Now the Trust are back on side then hopefully that will happen more. KT mentioned they had accepted their communication could be better. Also I've found KT very responsive when I have emailed him in the past so might be worth contacting him yourself. The more who contact him, the more he will know fans want to know more.
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« Reply #27565 on: October 07, 2020, 12:24:28 pm »

https://www.northamptonchron.co.uk/sport/football/revealed-northampton-towns-shock-net-spend-over-10-years-compared-rochdale-and-gillingham-2995351

This will be interesting; Some will interpret this as a positive, some as a negative.  Go for it.... Grin
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« Reply #27566 on: October 07, 2020, 13:22:25 pm »

https://www.northamptonchron.co.uk/sport/football/revealed-northampton-towns-shock-net-spend-over-10-years-compared-rochdale-and-gillingham-2995351

This will be interesting; Some will interpret this as a positive, some as a negative.  Go for it.... Grin

It's not very clear on what they've classed as "spend" though, is it? Having watched the Sunderland documentary on Netflix (it's brilliant by the way, if you haven't seen it) they were losing vast amounts of money every year, so not sure how their net spend is that far in negative!
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« Reply #27567 on: October 07, 2020, 13:49:42 pm »

Seems like net spend is in relation to transfer dealings only.....ie Wigan have raked in 30m more in sales than they've spent on purchases over the last 10 years? They had two £9m+ transfers in 2012/13 (N'Zogbia and Moses) whereas Sunderland have spent a lot more than they have got back so are actually negative in that respect.

We have seemingly spent less on purchases than we've raised by sales.... over the time frame we have the likes of Jacobs, Toney and more recently Crooks, Pierre and of course Goode.

As the vast majority of our transfers either way are undisclosed, then the actual amounts in this article must be based on a fair amount of guesswork.
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« Reply #27568 on: October 07, 2020, 15:23:48 pm »

Seems like net spend is in relation to transfer dealings only.....ie Wigan have raked in 30m more in sales than they've spent on purchases over the last 10 years? They had two £9m+ transfers in 2012/13 (N'Zogbia and Moses) whereas Sunderland have spent a lot more than they have got back so are actually negative in that respect.

We have seemingly spent less on purchases than we've raised by sales.... over the time frame we have the likes of Jacobs, Toney and more recently Crooks, Pierre and of course Goode.

As the vast majority of our transfers either way are undisclosed, then the actual amounts in this article must be based on a fair amount of guesswork.

GPC, that's the way I was reading it as well... Wink
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« Reply #27569 on: October 13, 2020, 19:19:01 pm »

Didn’t know where to put this other than up my @rse obviously?

One of the Gillingham directors has resigned. I was having a quick look and checked the latest filed accounts submitted in March for (sorry that’s 2017- 2018). For those interested view the PDF and scroll down to page 9. Now imagine the column in bold in the context of Covid with the cost of sales relatively unchanged and the turnover figure more than halved? I’d say this figure was bang on average for most in the bottom 2 divisions, say no more?

https://find-and-update.company-information.service.gov.uk/company/00039175/filing-history

Slightly different disclosures for NTFC in June but there is enough to compare roughly? Interesting figure placed on Assets Under Construction?

https://find-and-update.company-information.service.gov.uk/company/00183917/filing-history

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« Reply #27570 on: October 14, 2020, 07:29:58 am »

Didn’t know where to put this other than up my @rse obviously?

One of the Gillingham directors has resigned. I was having a quick look and checked the latest filed accounts submitted in March for (sorry that’s 2017- 2018). For those interested view the PDF and scroll down to page 9. Now imagine the column in bold in the context of Covid with the cost of sales relatively unchanged and the turnover figure more than halved? I’d say this figure was bang on average for most in the bottom 2 divisions, say no more?

https://find-and-update.company-information.service.gov.uk/company/00039175/filing-history

Slightly different disclosures for NTFC in June but there is enough to compare roughly? Interesting figure placed on Assets Under Construction?

https://find-and-update.company-information.service.gov.uk/company/00183917/filing-history

quite difficult to compare one profit and loss account against no profit and loss account.

but yes, i think we all know the situation - clubs have no income so will be losing more money - its not rocket science.
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« Reply #27571 on: October 14, 2020, 08:08:43 am »

quite difficult to compare one profit and loss account against no profit and loss account.

but yes, i think we all know the situation - clubs have no income so will be losing more money - its not rocket science.

Maybe Melbourne is trying to suggest that Gillingham's gung ho approach in this year's transfer window may well come back to haunt them?
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« Reply #27572 on: October 14, 2020, 08:14:36 am »

quite difficult to compare one profit and loss account against no profit and loss account.

but yes, i think we all know the situation - clubs have no income so will be losing more money - its not rocket science.


In our case we still have the season ticket income (3000 tickets at £250 average = £750k), we get extra income from the league solidarity payment (extra 250k) and the TV revenue package (extra 175k) in League 1, and we also sold our prize asset for a reported 7 figure sum. We are also getting some income from IFollow subscriptions. We don't have the costs involved with "hosting" games either. As far as I know sponsorship held up well, pitch boards, player sponsorship, matchday and match ball etc)

Balance that against the loss in gate money, and there isn't too much difference. (3000 tickets @ £16 average x 23 games= £1.1 million)

Of course not every club is as fortunate as we are.....and of course if we refund season ticket holders then we take a big hit......
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« Reply #27573 on: October 14, 2020, 08:33:40 am »

In our case we still have the season ticket income (3000 tickets at £250 average = £750k), we get extra income from the league solidarity payment (extra 250k) and the TV revenue package (extra 175k) in League 1, and we also sold our prize asset for a reported 7 figure sum. We are also getting some income from IFollow subscriptions. We don't have the costs involved with "hosting" games either. As far as I know sponsorship held up well, pitch boards, player sponsorship, matchday and match ball etc)

Balance that against the loss in gate money, and there isn't too much difference. (3000 tickets @ £16 average x 23 games= £1.1 million)

Of course not every club is as fortunate as we are.....and of course if we refund season ticket holders then we take a big hit......
Thing is though GPC it’s not like clubs were operating at a profit prior to Covid? I would suggest sticking an extra million loss on a number of clubs balance sheet in the lower divisions is probably all it’s going to take?
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« Reply #27574 on: October 14, 2020, 09:58:24 am »

quite difficult to compare one profit and loss account against no profit and loss account.

but yes, i think we all know the situation - clubs have no income so will be losing more money - its not rocket science.

In all honesty the NTFC accounts are on there because that’s all that was available? However, I thought the assets under construction figure was quite an interesting addition of note? Not that it’s totally clear what it’s referring too?
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« Reply #27575 on: October 14, 2020, 11:46:41 am »

In all honesty the NTFC accounts are on there because that’s all that was available? However, I thought the assets under construction figure was quite an interesting addition of note? Not that it’s totally clear what it’s referring too?
The loan is a nice number to write down against your tax liability though.
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« Reply #27576 on: October 14, 2020, 15:18:39 pm »

Thing is though GPC it’s not like clubs were operating at a profit prior to Covid? I would suggest sticking an extra million loss on a number of clubs balance sheet in the lower divisions is probably all it’s going to take?

This is true....and in some cases Covid will only be the straw that breaks the camels back.....shouldn't hide away from the fact that any club who goes to the wall if indeed any do, will only do so because they were run badly/irresponsibly in the first place....
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« Reply #27577 on: October 14, 2020, 20:25:31 pm »

Thing that’s surprising me is the lack of detail that’s in all of them? When you go back to the Cardoza era it’s even worse? When you do a similar exercise on our companies you can find out the colour of my underwear? I’m going to have to have a word with the accountant?
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« Reply #27578 on: October 14, 2020, 22:12:18 pm »

Maybe some clubs are gambling on a Premier payout of some kind and knew it would happen from day one .
I certainly don’t advocate that but I can see it happening elsewhere maybe
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« Reply #27579 on: October 15, 2020, 05:36:39 am »

Maybe some clubs are gambling on a Premier payout of some kind and knew it would happen from day one .
I certainly don’t advocate that but I can see it happening elsewhere maybe


That is exactly why the PL clubs and the Government are reluctant/refusing to fund them.
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