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401  The Hotel End / Cobblers Corner / Re: Summer 2020 Transfer Window on: August 05, 2020, 15:10:07 pm
I've seen Omar Beckles mentioned within the rumour stratosphere....now he'd be a decent signing imo

I'll wait for ntfclad to updated us with confirmation/clues as to who it is

I'm sure he can let us know what position  Wink
402  The Hotel End / Cobblers Corner / Re: Summer 2020 Transfer Window on: August 05, 2020, 13:12:12 pm
Oh dear! Shrewsbury fan on div 2 forum says he hopes for our sakes that Mitchell is our second choice keeper.
He was there on loan from january 2019.

Yet a Luton fan says he's a superb keeper!

We all remember what Pompey fans thought of Holmes...

I'll reserve any judgement until I see him play for us as on paper looks more than an adequate challenger for the number 1 jersey
403  The Hotel End / Cobblers Corner / Re: Summer 2020 Transfer Window on: August 05, 2020, 00:04:04 am
It's Cam McWilliams...

Very poor attitude by all accounts
404  The Hotel End / Cobblers Corner / Re: Redevelopment Closer Than Ever? on: August 04, 2020, 20:19:00 pm
I'm surprised no one has posted this yet but the Trust have replied.

https://www.ntfctrust.co.uk/news/article/trust-response-to-ntfc-chairman-kelvin-thomas

Trust response to NTFC chairman Kelvin Thomas

4th Aug 2020

The Supporters Trust has responded to Northampton Town FC chairman Kelvin Thomas, who issued an open letter to the Trust yesterday.

The response is as follows:-

Dear Kelvin,

Thank you for your open letter and fantastic that the Cobblers once again find themselves in League 1.

We have a meeting with Northampton Borough Council later this week to discuss the Sixfields deal and a number of other matters arising.

The Trust board is looking to meet early next week to consider these outcomes and of course discuss your letter.

We will be back in touch after that board meeting when hopefully we can together agree an open and constructive approach towards further discussions.

Best wishes,

Andy Roberts

Chairman

NTFC Supporters Trust
405  The Hotel End / Cobblers Corner / Re: Summer 2020 Transfer Window on: August 04, 2020, 15:16:03 pm
You’d be right!

Thanks again ntfclad!

So, any truth in the QPR rumours as several different platforms now quoting a deal is very close...

Have firm (decent) bids actually been received? I think for 1M plus sell on it would be decent business...

As much as I want him to stay of course!
406  The Hotel End / Cobblers Corner / Re: Redevelopment Closer Than Ever? on: August 04, 2020, 12:26:22 pm
No excuse from the trust not to take this offer up...rather than the continual public digs at the current owners

Considering we agree on three of your five points we suggest in the interests of progress we can move past those and focus on understanding the one main point we may disagree on.  James and I will be more than happy to jump on a Zoom call to discuss that point with you and your Board if required.

We are now very encouraged that since you have been clear on what it would require for the Trust to take a more supportive approach the path to achieving that is in sight.  Feel free to email Gareth to set up a call this week if you and/or the Board have availability.

Thank you for your time and we look forward to hearing from you.

Yours sincerely,

Kelvin Thomas
Chairman
407  The Hotel End / Cobblers Corner / Re: Summer 2020 Transfer Window on: August 04, 2020, 12:25:12 pm
So, with the first team squad back training this Thursday, you'd think the deadline for Oliver to sign his contract would be tomorrow at the latest...
408  The Hotel End / Cobblers Corner / Re: Summer 2020 Transfer Window on: August 01, 2020, 15:21:52 pm
How about Nouble?

Yeah, always rated him, more pace and a better goal threat than Oliver but not as good in the air.

Need a conclusion to the Oliver situation though, it's been a month since he was offered terms, so we are really just his back up option incase he can't get a better deal elsewhere.
409  The Hotel End / Cobblers Corner / Re: Summer 2020 Transfer Window on: July 31, 2020, 22:47:11 pm
Would have thought big Vadaine had until today (end of the month) to sign his contract...

Can't hang around forever & I assume players will be back training from Monday...

A possible replacement for Oliver could have been Ollie Palmer who's turned down a new deal with Crawley but looks set to sign for Wimbledon.
410  The Hotel End / Cobblers Corner / Re: Summer 2020 Transfer Window on: July 30, 2020, 12:47:16 pm
So, Blackburn have joined the que now, make em give us Wharton as part of the deal!  Grin

Northampton put record fee on star as four Champ clubs hover

https://www.teamtalk.com/news/exclusive-northampton-record-fee-charlie-goode-middlesbrough-qpr

Northampton Town want a deal worth up to £1million for captain Charlie Goode, TEAMtalk understands.

Middlesbrough, QPR, Preston and Blackburn are amongst a host of clubs to have made contact with the Cobblers.
411  The Hotel End / Cobblers Corner / Re: Summer 2020 Transfer Window on: July 30, 2020, 12:20:26 pm
He was released so they couldn’t

So, we didn't pay anything for him!?

https://www.sc***horpe-united.co.uk/news/2019/july/goode-completes-northampton-move/

Defender Charlie Goode has joined League Two side Northampton Town for an undisclosed fee.

The centre-back spent four years with United, making 85 appearances in all competitions and scoring six goals.

He was with the Cobblers for the final three months of last season, playing 17 times during his initial loan stint at Sixfields.

We wish Charlie well for the future and thank him for his efforts while with the Iron.
412  The Hotel End / Cobblers Corner / Re: Summer 2020 Transfer Window on: July 30, 2020, 10:53:27 am
Wonder if Scunny included a sell on clause for Goode...
413  The Hotel End / Cobblers Corner / Re: Summer 2020 Transfer Window on: July 29, 2020, 15:17:47 pm
Am told the bids for Goode so far are just shy of £500k so a bit of work to do for any buying clubs

Also it’s both Boro and QPR who’ve bid

Is the touted £750k figure what the club value him at & the minimum they will accept?

If he goes to Boro, wouldn't mind Marcus Browne being part of the deal or even a season long loan...if only to pi55 off Poxford  Grin

Any other nuggets in or out ntfclad?
414  General Category / General Chat / Re: The Doris Luke Sweep them all up R.I.P. Thread on: July 29, 2020, 12:36:03 pm
Singer Denise Johnson sadly passed...

Worked with Primal Scream & I saw her perform live with A Certain Ratio a few years back...fantastic voice!

Due to release her debut album this September too  Cry

RIP
415  The Hotel End / Cobblers Corner / Re: Redevelopment Closer Than Ever? on: July 28, 2020, 14:24:25 pm
TRUST STATEMENT - 28th July 2020

https://www.ntfctrust.co.uk/news/article/reservations-about-sixfields-deal-and-call-for-open-discussions

Reservations about Sixfields deal and call for open discussions

THE board of the Supporters Trust has a number of reservations about the deal in progress around the completion of the East Stand at Sixfields and the associated development of wider land around the stadium.

The board believes the deal does not represent the best interests of either Northampton Town FC (NTFC) or its supporters. It is for the local politicians to say as to whether or not it delivers best value for the local council taxpayer.

As a result of a lack of specific information provided to supporters by both NTFC and Northampton Borough Council (NBC), the Trust made a third Freedom of Information (FOI) request to NBC and the disclosures indicate that preparations for a Sixfields deal – reported by the media last month - are well advanced.

The deal stipulates that NTFC must first complete the East Stand from its own coffers but the club’s owners will get up to £3 million paid back to them, together with other agreed development costs, from the gross sales proceeds of the associated development land. NBC and NTFC will then split the profits 50/50 after the agreed deductions.

This is a clear breach of the ‘three red lines’ which NBC emphasised to the Trust in 2019 were an inviolable part of any Sixfields deal – 1) that the leasehold land behind the East Stand, subject to a second lease granted by NBC to County Developments Northampton Ltd (CDNL), be reconciled to NTFC by CDNL giving up that land; 2) that the stand is completed and 3) that then, and only then, would negotiations begin in relation to the surrounding development land.

The disclosures also indicate that there appears to be no legal or financial scrutiny of the deal taking place within NBC. Internal correspondence from Francis Fernandes, Borough Solicitor and Monitoring Officer and Stuart McGregor, Chief Finance Officer, contained in the FOI disclosures, reveals that as recently as 9 June 2020 they were both completely unaware of the details of the deal under discussion with the club’s owners.

This sits uncomfortably with the fact that NBC is still in the process of trying to recover the missing millions of pounds from the scandal of the last Sixfields land deal five years ago, with the results of a police investigation and an external audit report still pending.

The Trust has requested an urgent meeting with NBC leader Jonathan Nunn who has said he is willing to meet. This follows last week’s full council meeting at which opposition leaders posed a number of questions to the administration about the Sixfields deal. The questions, and the answers to them, can be found on the Trust’s website.

Board members are extremely concerned that the details of this deal are once again being kept private under the cloak of ‘commercial confidentiality’ when openness and transparency should be an imperative.

The Trust has consistently stated it wants the East Stand completed to an acceptable standard as soon as possible. If this is part of a good deal for the town and club, there should be no need for secrecy.

It appears that:-

·         The club will pay a nominal fee to take up an option to purchase from NBC the freehold titles of the development land at Sixfields. The option period is to be five years and if the option is not exercised within that period it will lapse.

·         The club will complete the East Stand to as yet an unknown standard – no start or finish date is mentioned in the disclosures but work on the stand may not start for several years.

·         Once the stand is completed, the club can exercise the option to buy the land for £500,000 and so sell and/or develop the other 22 acres of land. The land valuation and development appraisal were redacted from the disclosures. The Trust will strongly resist any attempt to earmark the original community stadium footprint land for industrial development.

·         The club will be able to claim back the costs of completing the stand up to an amount of £3 million, the £500,000 paid on exercise of the option and other land development costs from the gross sales proceeds received from the disposal of land within the 22 acres.

·         After the deduction and reimbursement to the club of the above sums and other agreed items, the remaining profits will be split 50/50 between NBC and NTFC. There is no mention of any protections for the football club in the event of its sale, or that any profits earned from the development land are to be retained by the club for its future benefit.

 

To be constructive, the Supporters Trust would broadly support a deal in which:-

The East Stand is completed from the funds of the club’s owners, as they clearly committed to when they were allowed by NBC to buy the club for £1 in 2015
The East Stand is completed without further delay and to a standard enabling the future progression of the football club
Community land from the East Stand to the far side of the old athletics track land, previously leased to the club before 2014, is returned to the club and not used for industrial development – the stadium, West Stand car park and the land extending to the far side of the old athletics track land has been classified as an Asset of Community Value (ACV) and for which the Trust is the registered holder. We are not opposed to development on NTFC leasehold site covered by the ACV, as long as any proposal is aligned to the original intent of a community stadium.
Development land gain from a joint venture partnership delivers guaranteed future benefit to the club. While accepting that legitimate indebtedness needs to be repaid the club and its supporters, as well as the owners, should also benefit from the receipt of any surplus development profits.
The aims of the town’s sport, health and wellbeing strategy are met as part of Northampton’s local plan.
416  The Hotel End / Cobblers Corner / Re: Summer 2020 Transfer Window on: July 28, 2020, 10:39:37 am
Anya is NEVER going to happen plus he's injury prone which goes against everything KC has stated he wants in a player.

He's stated he needs players available Saturday/Tuesday. Also, Anya will be on decent wages and we ain't (nor should we) pay big wages for anyone is the current climate.

I'd rather have that winger who tormented us at home playing for Morecambe last season.
417  The Hotel End / Cobblers Corner / Re: Redevelopment Closer Than Ever? on: July 24, 2020, 11:45:21 am
So, may as well lock this thread as fvck all going to be happening anytime soon...if only the council/opposition were this interested when our previous chairman was at the helm! Roll Eyes

https://www.northamptonchron.co.uk/news/politics/opposition-calls-sixfields-deal-be-open-scrutiny-council-denies-agreement-reached-cobblers-2923102

Opposition calls for Sixfields deal to be ‘open to scrutiny’ – but council denies agreement is reached with Cobblers

Opposition councillors called for Northampton Borough Council to be open and transparent about any deal it does with the Cobblers for land next to Sixfields Stadium.


The leaders of Labour and the Liberal Democrats also called for thorough due diligence to be carried out, after recent media reports that a deal on land next to the East Stand was close to being struck.

The issue was a hot topic of discussion at Monday’s full council meeting (July 20), but the council stressed that ‘no agreements’ were in place, and that it would carry out thorough checks before concluding any deal.

Last month, the BBC reported that a £500,000 deal was close to being struck which would allow the football club to be given an option to buy borough council-owned land next to Sixfields, on condition the East Stand was finished.

It would then see the council sharing the proceeds of any subsequent development with the club. It was also reported that a £3 million cap on the cost of completing the stand was also likely to be part of the deal.

A criminal investigation is still ongoing examining how £10.25 million of taxpayers’ money, lent by the borough council to the club in 2013 to complete the redevelopment at the stadium, was allegedly ‘misappropriated’.

Current Cobblers chairman Kelvin Thomas acquired the club from former chairman David Cardoza in 2015. A spokesman for the club had told the BBC last month: “The overriding principle, as it always has been, is the development of the East Stand and that is an agreed point with Northampton Borough Council.

“In addition, NBC will need to demonstrate best value for any disposal of the freehold land, which is also accepted by the football club.”

Labour leader Councillor Danielle Stone was keen to see mistakes of the past not repeated, and tabled a number of written questions to the council’s cabinet member for regeneration and enterprise, Councillor Tim Hadland.

Councillor Stone asked: “Can the council confirm that all the details of the Option Agreement including any letters of intent, Memorandum of Understandings and the like will be open to scrutiny and debate by all councillors and the wider public before anything is signed?”

Responding, Councillor Hadland said: “We can confirm that should there be any deal acceptable to the council we will follow our established governance processes, including formal decision-making by cabinet. This will allow scrutiny by the public and councillors in accordance with our normal procedures.”

Liberal Democrat leader Councillor Sally Beardsworth wanted to find out more about the structure of the reported deal, asking: “The media reports state a 50/50 split of ‘profits’ is agreed between NTFC and NBC from the development. Precisely, what expenditure is to be deducted from the top line sale proceeds before determining the actual divisible profit?”

Councillor Hadland responded: “The terms of any deal have not yet been agreed and discussions are ongoing. The council will comply with its duties to achieve best value for the taxpayers of the town.”

The questions were tabled during a week in which all councillors were sent an open letter by the club’s supporters’ trust urging them to press for ‘full disclosure’ of the deal so that taxpayers’ and the club’s supporters would not be ‘ripped off all over again’.

The open letter read: “We believe it is the intention of those in charge of the negotiations with the owners of the football club to conclude a deal without allowing scrutiny of its details and therefore proper consideration of whether it is in the best interests of council taxpayers and the football club’s supporters.

“We urge you to press for full disclosure of the deal in the interests of openness and transparency, which is the very least the long-suffering football fans and council taxpayers of Northampton deserve.”

Councillor Stone ended the discussion by saying she was a bit more ‘reassured’ having been told that opposition parties would be kept in the loop with regular briefings, but added: “Rebuilding trust with the supporters is going to be really really important given the history of what has gone on. Speculation is very damaging to everybody, we need to be as open and transparent as we possibly can be and rebuild that trust so that everyone knows what is going on.”

Below are the written questions, and answers, in their entirety from Monday’s meeting.

Question from Councillor Danielle Stone (Labour leader):

“We know the Memorandum of Understanding entered into in November 2015 between Northampton Borough Council and the club’s owners is legally non-binding. But why are none of its commitments being honoured? This includes the commitment of the club’s owners to complete the East Stand from their own funds given to the Council in 2015?”

Response from Councillor Tim Hadland (Conservative, cabinet member for regeneration and enterprise):

“For some time, the football club have been keen to pursue development of land in the area of the Sixfields Stadium, and have put forward ideas for a number of possible development schemes. Although discussions are ongoing between the club and the council there are no agreements in place and any deal must deliver best value for the taxpayer.

“The non-binding commitments in the Memorandum of Understanding entered into in November 2015, were made at a point in time and have, where possible been largely honoured.

“There was no commitment given in the MoU for the completion of the East Stand. In discussions with NBC, Kelvin Thomas and David Bower [club director] did make commitments at the time to build the East Stand but this was not part of the MoU or any formal binding agreement.”

Question from Councillor Danielle Stone:

“An article in The Athletic stated that a ‘significant sum’ of money had changed hands in 2017 when the Chinese owned 5USports acquired control of NTFC’s holding company, Northampton Town Ventures Ltd. No receipt of any funds is recorded in the statutory accounts of Ventures or its controlling company at that time, the English registered Fantastical Ltd.

“Given the existence of serious questions surrounding this transaction, the wider ethical issue of an English local authority dealing with a company under the ultimate control of an offshore tax haven company in respect of the sale and development of public land, can you confirm that full professional due diligence has been carried out on NTFC and all its connected companies to satisfy the council of their finances, source of funds and the tracing and whereabouts of any Chinese funds?”

Response from Councillor Tim Hadland:

“As with any commercial transaction the council enters into, appropriate checks will be undertaken at the relevant time to ensure that the council’s interests are protected. These checks vary in their scale according to the size and type of agreement, but we can confirm that thorough checks will be undertaken in relation to any transaction around Sixfields.”

Question from Councillor Danielle Stone:

“Kelvin Thomas in response to the recent media reports said in a BBC Northampton interview on June 25 that he expects any new agreement between the club and the borough to be open to public scrutiny. Can the council confirm that all the details of the option agreement, including any letters of intent, MoUs and the like will be open to scrutiny and debate by all councillors and the wider public before anything is signed?”

Response from Councillor Tim Hadland:

“We can confirm that should there be any deal acceptable to the council we will follow our established governance processes, including formal decision-making by cabinet. This will allow scrutiny by the public and councillors in accordance with our normal procedures.”

Question from Councillor Sally Beardsworth (Liberal Democrat leader):

“This agreement is being negotiated at a time when the CPS has not yet filed charges and the KPMG [auditors] report is not finalised. What protocols are being followed regarding delegation of authority to councillors and officers to agree terms and involving the section 151 officer [chief finance officer]?”

Response from Councillor Tim Hadland:

“Any agreement will be made in line with the council’s formal procedures with recommendations being taken to cabinet for a decision to be made. Relevant officers, including the section 151 officer will be involved in the normal way. Full due diligence will be undertaken of any agreement in relation to this matter with appropriate levels of scrutiny.”

Question from Councillor Sally Beardsworth:

“What protections will be contained in any agreement for NTFC (meaning its supporters as distinct from its owners) concerning its original leasehold land and the future retention within the club of income from the development rather than it being moved through the club to repay debt to the club’s owners?”

Response from Councillor Tim Hadland:

“There have been no changes to the agreement with CDNL (County Developments (Northampton) Ltd) since the agreements entered into in 2015. Any new agreement will need to consider and undertake the obligations relating to the site as an Asset of Community Value. It will be up to NTFC, which is a separate legal entity to decide how it allocates its finances relating to its business.”

Question from Councillor Sally Beardsworth:

“The media reports state a 50/50 split of ‘profits’ is agreed between NTFC and NBC from the development. Precisely, what expenditure is to be deducted from the top line sale proceeds before determining the actual divisible profit?”

Response from Councillor Tim Hadland:

“The terms of any deal have not yet been agreed and discussions are ongoing. The council will comply with its duties to achieve best value for the taxpayers of the town.”
418  The Hotel End / Cobblers Corner / Re: Summer 2020 Transfer Window on: July 22, 2020, 15:36:58 pm
With the amount of players already / soon to be released & available it really is a buyers market.

I'd rather we take out time to bring in the best quality / characters we possible can for the best value.
I have much more faith in our scouting team since Melville left.

I still don't understand how the proposed salary cap will work as I believe it's gonna be 1.5M in L2 & 2.5M in L1

Yet, Bolton are allegedly paying stupid money for players already...

Still, I guess if it's down to the ELF to manage this they'll be fine!  Roll Eyes
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