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New Trust statement on club finances

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Author Topic: New Trust statement on club finances  (Read 17422 times)
Carton Lid
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« Reply #780 on: September 03, 2021, 11:15:52 am »

Just playing devils advocate, the Trust decided to Loan the money to the club, but didn't get the details of the loan, including repayment formally agreed / in writing. They now want the wider fan base to support them in running the club and handling all sorts of financial, contractual and commercial arrangements
Time to cut the Trust a bit of slack here. The request for the loan was made literally a couple of days before they wanted it and it had to be cash, now you might know that it's not easy to get your hands on £10K in cash at very short notice. Some Trust board members even offered to get cash out of their own accounts to make up the £10K and be repaid later. I know how much hard work went into getting that all done by people who also had full time jobs to hold down, so, playing the devils advocate, maybe an apology is in order ?
    Second part of your post is also inaccurate where you say "they now want the wider fan base to support them in running the club". The Trust have consistently stated the they would only be interested in running the club if the same situation arises again.
     By the way, you do know that all the Trust owned clubs employ qualified people to do the jobs involved in running a football club, the guy who takes the cash on the away coaches won't be the company accountant. KT is in Florida 90% of his time, that's why NTFC employ James Whiting, and al the Trust owned clubs are no different so what makes you think NTFC would be different ?
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« Reply #781 on: September 03, 2021, 11:20:28 am »

My apologies if I'm incorrect. Just so i have peace of mind can somebody confirm no monies were collected after the Club asked for help paying the staff
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« Reply #782 on: September 03, 2021, 11:29:35 am »

Time to cut the Trust a bit of slack here. The request for the loan was made literally a couple of days before they wanted it and it had to be cash, now you might know that it's not easy to get your hands on £10K in cash at very short notice. Some Trust board members even offered to get cash out of their own accounts to make up the £10K and be repaid later. I know how much hard work went into getting that all done by people who also had full time jobs to hold down, so, playing the devils advocate, maybe an apology is in order ?
    Second part of your post is also inaccurate where you say "they now want the wider fan base to support them in running the club". The Trust have consistently stated the they would only be interested in running the club if the same situation arises again.
     By the way, you do know that all the Trust owned clubs employ qualified people to do the jobs involved in running a football club, the guy who takes the cash on the away coaches won't be the company accountant. KT is in Florida 90% of his time, that's why NTFC employ James Whiting, and al the Trust owned clubs are no different so what makes you think NTFC would be different ?
How long does it take to get something in writing? The Trust had a difficult decision to make, they decided to give the money to the club which was the right thing to do. If they didn't get anything in writing then it wasn't a loan and I agree it is used as a 'weapon' or at least as a way of painting the owners of the club in a bad way when there was failings on both sides. The Trust used the money donated by fans for a great cause. That should be celebrated and not politicised.

I've never (intentionally) questioned the intent, passion, and dedication the Trust board have to the club, and apologies if that has come across. However my position on Trust / Fan ownership is unchanged.
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« Reply #783 on: September 03, 2021, 12:28:10 pm »

Just playing devils advocate. The buckets were out to raise money to save the club. There was also an online fund raising page set up as well. It was only after KT came in and "saved" us that it was decided to give/loan some of the money to the club to pay staff, as I remember.

100% not true. Think about it, when KT took over NTFC and it's staff became his responsibility, so why would the Trust pay the staff ?  As stated lots of times NTFC asked the Trust for a loan towards the end of DC's time, which had to be in cash, because the bank accounts had been frozen, to pay the staff, some of whom were going to walk out because they hadn't been paid.

Hold on a minute. Which bit is 100% not true? As I said, I was just playing devils advocate, not taking sides or having a go at the trust.
The buckets were out to raise money to save the club......TRUE
There was also an online fund raising page set up as well.....TRUE
It was only after KT came in and "saved" us that it was decided to give/loan some of the money to the club to pay staff, as I remember.......AS I REMEMBER. It was certainly something like that.
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« Reply #784 on: September 03, 2021, 14:08:12 pm »

Just playing devils advocate. The buckets were out to raise money to save the club. There was also an online fund raising page set up as well. It was only after KT came in and "saved" us that it was decided to give/loan some of the money to the club to pay staff, as I remember.

Hold on a minute. Which bit is 100% not true? As I said, I was just playing devils advocate, not taking sides or having a go at the trust.
The buckets were out to raise money to save the club......TRUE   True
There was also an online fund raising page set up as well.....TRUE True
It was only after KT came in and "saved" us that it was decided to give/loan some of the money to the club to pay staff, as I remember.......AS I REMEMBER. It was certainly something like that.  NOT True , as I stated the loan was asked for towards the end of DC's time because the staff hadn't been paid and were going to walk out. The Trust were told the the club wouldn't be able to function properly without these staff members. The loan was made before KT "saved" us otherwise their would have been only half a club to save. Nothing like you remember
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« Reply #785 on: September 03, 2021, 14:50:14 pm »

Just playing devils advocate, the Trust decided to Loan the money to the club, but didn't get the details of the loan, including repayment formally agreed / in writing. They now want the wider fan base to support them in running the club and handling all sorts of financial, contractual and commercial arrangements

You have no idea. Are you a child, just out of interest, as I should like to throw you some slack?
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« Reply #786 on: September 03, 2021, 14:53:54 pm »

You have no idea. Are you a child, just out of interest, as I should like to throw you some slack?
I'd be inclined to let him drown.
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« Reply #787 on: September 03, 2021, 15:25:35 pm »

My apologies if I'm incorrect. Just so i have peace of mind can somebody confirm no monies were collected after the Club asked for help paying the staff
As far as I'm aware the loan was not made public until after KT had taken over
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« Reply #788 on: September 03, 2021, 17:00:50 pm »

It was only after KT came in and "saved" us that it was decided to give/loan some of the money to the club to pay staff, as I remember.......AS I REMEMBER. It was certainly something like that.  NOT True , as I stated the loan was asked for towards the end of DC's time because the staff hadn't been paid and were going to walk out. The Trust were told the the club wouldn't be able to function properly without these staff members. The loan was made before KT "saved" us otherwise their would have been only half a club to save. Nothing like you remember.    Almost like I remember

Not really sure why you seem to be getting irate. The only thing that wasn't quite right was that the "Ioan" was made just before KT
arrived not after although as you've just stated yourself wasn't made public until after he'd taken over, so easy mistake to make, sorry. So my original post wasn't 100% incorrect it was probably 95% correct.
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« Reply #789 on: September 03, 2021, 18:00:53 pm »

Not really sure why you seem to be getting irate. The only thing that wasn't quite right was that the "Ioan" was made just before KT
arrived not after although as you've just stated yourself wasn't made public until after he'd taken over, so easy mistake to make, sorry. So my original post wasn't 100% incorrect it was probably 95% correct.
It was actually 66.6 % correct  Wink Although I thought it was obvious that we had bucket collections and an online collection so I wasn't including the obvious.
   
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« Reply #790 on: September 03, 2021, 18:57:48 pm »

It was actually 66.6 % correct  Wink Although I thought it was obvious that we had bucket collections and an online collection so I wasn't including the obvious.
   

The only reason I included the obvious was because 1 or 2 people were suggesting they only gave to the cause to help the staff and I was just pointing out that the buckets were out and the online appeal were to help save the club, it was only afterwards that some of that money was used to pay the staff. I think you've misconstrued my original intention. I'll leave it there. Huh?
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« Reply #791 on: September 03, 2021, 21:47:35 pm »

More importantly. Where is the rest of the money that was raised for THE CLUB at that time?

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« Reply #792 on: September 03, 2021, 22:18:40 pm »

It must be sitting in the trusts account and shown in the accounts submitted to companies house surely?
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« Reply #793 on: September 03, 2021, 22:36:59 pm »

More importantly. Where is the rest of the money that was raised for THE CLUB at that time?



Oh yeah thats the most important question at this time  Roll Eyes Roll Eyes

Where do you think it is ?  You know the people involved, you saying you don't trust them?  Would you like them to close the accounts and transfer the money straight to KT/DB?

Perhaps when they can, they should book holidays flights to Florida to meet with the owners representative Mr Kelvin Thomas

Also anyone know how much a shareholding KT has?

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« Reply #794 on: September 04, 2021, 00:08:23 am »

Oh yeah thats the most important question at this time  Roll Eyes Roll Eyes

Where do you think it is ?  You know the people involved, you saying you don't trust them?  Would you like them to close the accounts and transfer the money straight to KT/DB?

Perhaps when they can, they should book holidays flights to Florida to meet with the owners representative Mr Kelvin Thomas

Also anyone know how much a shareholding KT has?



Northampton Town Football Club is 84.58% owned by Northampton Town Ventures. Northampton Town Ventures shares (1000) owned 10% by KT (100), 10% by DB in his name (100) and 80% by DB/JB (his wife).....

Therefore KT owns 8.458% of the Football Club.
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« Reply #795 on: September 04, 2021, 09:37:29 am »

Northampton Town Football Club is 84.58% owned by Northampton Town Ventures. Northampton Town Ventures shares (1000) owned 10% by KT (100), 10% by DB in his name (100) and 80% by DB/JB (his wife).....

Therefore KT owns 8.458% of the Football Club.
Doesn’t the Trust still have a small ownership mate?
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« Reply #796 on: September 04, 2021, 10:41:08 am »

Oh yeah thats the most important question at this time  Roll Eyes Roll Eyes

Where do you think it is ?  You know the people involved, you saying you don't trust them?  Would you like them to close the accounts and transfer the money straight to KT/DB?

Perhaps when they can, they should book holidays flights to Florida to meet with the owners representative Mr Kelvin Thomas

Also anyone know how much a shareholding KT has?



Bleating on about ten ground, that doesn’t even belong to those who gave it away is ridiculous. KT was not in charge at that time. He doesn’t see it as his debt. So you and your friends should get the fcuk over it. The public petty points scoring from you and your cronies, is about as unclassy and unedifying as you can get. That donation helped preserve the staff and the club. Rather than that being an issue, it should be what ALL of the money should be used for. Imagine how the staff of the club feel once again, having there situation aired on a public forum. Having theirs and the clubs embarrassment thrown up, just to service an obsession.







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« Reply #797 on: September 04, 2021, 11:51:32 am »

Bleating on about ten ground, that doesn’t even belong to those who gave it away is ridiculous. KT was not in charge at that time. He doesn’t see it as his debt. So you and your friends should get the fcuk over it. The public petty points scoring from you and your cronies, is about as unclassy and unedifying as you can get. That donation helped preserve the staff and the club. Rather than that being an issue, it should be what ALL of the money should be used for. Imagine how the staff of the club feel once again, having there situation aired on a public forum. Having theirs and the clubs embarrassment thrown up, just to service an obsession.
I know you love to get your digs in Nigel, but please get the facts correct, the first mention of the "loan" recently in this thread was by tcobb  when he said "How many times have certain people referred to the money given to the Club as being a loan?" a couple of days ago. You accused people associated with the Trust of raising this subject, when it was raised by tcobb , who I don't think would be classed as an associate of the Trust, or maybe he's seen the error of his ways  Wink Grin Grin
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« Reply #798 on: September 04, 2021, 13:24:33 pm »

Funny how you want us to shut up embarrassing KT, yet never question any of the spin he puts out of a semi-regular basis.

Again tell me 3 things KT has done in 6 years to move the club forward. BTW If you want to talk about the Community Trust work, please can you ask him how much he / the club put in over the £560k they get each year from the FA to run it.

As far as I understand it, they are a separate entity from the club and receiving their funding separately too, so not really fair to say KT has had too much input there. But just to let you know the Trust HAS put money into the football in the community with the ladies team before.





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« Reply #799 on: September 04, 2021, 14:30:30 pm »

I know you love to get your digs in Nigel, but please get the facts correct, the first mention of the "loan" recently in this thread was by tcobb  when he said "How many times have certain people referred to the money given to the Club as being a loan?" a couple of days ago. You accused people associated with the Trust of raising this subject, when it was raised by tcobb , who I don't think would be classed as an associate of the Trust, or maybe he's seen the error of his ways  Wink Grin Grin

Absolutely right it was raised by tcobb. It wasn’t a couple of days ago.

And look at what he wrote

“ Random   yes I did put money in the buckets last time, as the call was going out to raise money to give to the unpaid staff. Wish I hadn't, look at the way that money is now0 being used as a weapon against the Club. Never again will I donate money to anything fan led”.

And look just how right he was. Rather than Trust and ex Trust members letting it go, they argue once again how they think the money that was given, should be retrieved. Highlighting the desperation of those poor sods who needed the money. Quoting things they said at that terrible time, to publicly shame they.

Imagine how refreshing it would have been, to take the opportunity to just let it go. Rather than to “weaponise” that difficult time. This argument is nothing to do with KT. He wasn’t even at the club. And as far as I know, neither you or any ex/current board member, can even suggest he knew anything about the loan when it was handed over. I would imagine that James Whilting, faced with trying to keep the club alive, and the stark reality of losing his staff, did say some things he felt necessary to keep his and their heads above water. I can’t imagine for one second that he thought in doing so, that he would find himself being quoted all these years later to bolster a pathetic and unnecessary argument 🙄🙄

Like iI said. Any money that was donated for the club, should go to the club. Without any excuses. It should absolutely not benefit the owners, but should be handed over to benefit the club and its supporters. There is so many was in which that could be done. If people are aware of money that exists, that is being withheld from its intended destination, then I see them in a very precarious position when it comes to being pious.
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