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New Trust statement on club finances

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tcobb
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« Reply #120 on: July 05, 2021, 10:15:37 am »

Agree here with Shoemaker for once, if the Trust have any evidence of wrongdoing, go to the Police, FA or EFL, its time for them to put up or shut up.
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« Reply #121 on: July 05, 2021, 10:18:59 am »

As usual Melbourne hits the nail on the head.

If you do nothing else, try to bypass the comedy that is playing in the background, and just bloody realise who the puppet master is here. The council own the b@stard ground. They own the lease. They will determine the development of the area. Why on the earth are they getting off Scott free?



What do you mean by "Scott free"?

Melbournes plans sound so good on paper but seem to discount one rather important fact....the land is rubbish...quite literally rubbish!  If it was any good wouldn't it have been developed by now, prime position close to the motorway and all that?
It will cost many millions to bring it up to the standard where things such as Casinos and hotels could be built on it. Who pays for that? The Council as the land owner, CDNL as the leaseholder, or the ultimate buyers themselves?
The only bit of land that could be built upon is the Athletics track area as this has been "capped" already......and what does the Club Chairman want to put on it? A car park!! Forward thinking eh?

The only way that land is going to be worth anything is if mega money is spent on it, and lets be honest that's not going to happen, there's enough "ready" land around the town and the outskirts that can be developed on first.

I'm not sure what you want the Council to do Nigel.........
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« Reply #122 on: July 05, 2021, 10:23:46 am »

What do you mean by "Scott free"?

Melbournes plans sound so good on paper but seem to discount one rather important fact....the land is rubbish...quite literally rubbish!  If it was any good wouldn't it have been developed by now, prime position close to the motorway and all that?
It will cost many millions to bring it up to the standard where things such as Casinos and hotels could be built on it. Who pays for that? The Council as the land owner, CDNL as the leaseholder, or the ultimate buyers themselves?
The only bit of land that could be built upon is the Athletics track area as this has been "capped" already......and what does the Club Chairman want to put on it? A car park!! Forward thinking eh?

The only way that land is going to be worth anything is if mega money is spent on it, and lets be honest that's not going to happen, there's enough "ready" land around the town and the outskirts that can be developed on first.

I'm not sure what you want the Council to do Nigel.........

Why is the Club trying to take over the lease for development then?
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« Reply #123 on: July 05, 2021, 10:31:59 am »

Why is the Club trying to take over the lease for development then?

"The club" believes it can sell the land on for development......it wants to buy the freehold for "best value" according to an independent valuation, and then sell it on to any interested parties...primarily for warehousing/logistics sheds.

That is a change from the originally proposed 50/50 split on the proceeds of the sale of the land which was the case in the NBC deal.

"The club" will pay an option agreement fee of £500k to enable the club to buy the land off NBC for the purposes of selling it on......if it doesn't get sold on that's where the phrase "Football club will take on any development risk" comes into play. ie "The club buys a parcel of land for £5m but only gets £4m from the sale of the land, or indeed can't sell it at all!

That's my understanding of the deal that is currently on the table.
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« Reply #124 on: July 05, 2021, 10:36:44 am »

No.. They don’t have any rights to know the intricacies off the finances, unless they believe something untoward has occurred.  And as I said in my recent post. If you or anybody else has anything that suggests impropriety, report it to the relevant authorities.  

The money you pay, or in your case don’t, only offers you the opportunity to view what’s on the pitch. There is no universe in which buying a season ticket gives you access to the running of the club. If you think otherwise, you need to examine the level of entitlement you afford yourself.
'They dont have any rights to know the intricacies of the finances unless they believe something untoward has occured.'
Isnt what this is all about?
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« Reply #125 on: July 05, 2021, 10:37:48 am »

"The club" believes it can sell the land on for development......it wants to buy the freehold for "best value" according to an independent valuation, and then sell it on to any interested parties...primarily for warehousing/logistics sheds.

That is a change from the originally proposed 50/50 split on the proceeds of the sale of the land which was the case in the NBC deal.

"The club" will pay an option agreement fee of £500k to enable the club to buy the land off NBC for the purposes of selling it on......if it doesn't get sold on that's where the phrase "Football club will take on any development risk" comes into play. ie "The club buys a parcel of land for £5m but only gets £4m from the sale of the land, or indeed can't sell it at all!

That's my understanding of the deal that is currently on the table.
I see, so the goalposts just moved. Thanks GPC.
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« Reply #126 on: July 05, 2021, 10:40:37 am »

What do you mean by "Scott free"?

Melbournes plans sound so good on paper but seem to discount one rather important fact....the land is rubbish...quite literally rubbish!  If it was any good wouldn't it have been developed by now, prime position close to the motorway and all that?
It will cost many millions to bring it up to the standard where things such as Casinos and hotels could be built on it. Who pays for that? The Council as the land owner, CDNL as the leaseholder, or the ultimate buyers themselves?
The only bit of land that could be built upon is the Athletics track area as this has been "capped" already......and what does the Club Chairman want to put on it? A car park!! Forward thinking eh?

The only way that land is going to be worth anything is if mega money is spent on it, and lets be honest that's not going to happen, there's enough "ready" land around the town and the outskirts that can be developed on first.

I'm not sure what you want the Council to do Nigel.........

Believe me GPC. At the risk of sounding arrogant. I know about that land. One thing for sure is, I know what can be built on it. Hence the council representative backtracking when I questioned him in a public meeting about it.

I’m getting board of repeating this mate. The council own the ground. The council have the overall authority on any potential development on that ground and in the surrounding area. If that doesn’t help with any further questions, I really don’t know what else to say. They hold all of the expectations of the lease.
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« Reply #127 on: July 05, 2021, 10:46:48 am »

Believe me GPC. At the risk of sounding arrogant. I know about that land. One thing for sure is, I know what can be built on it. Hence the council representative backtracking when I questioned him in a public meeting about it.

I’m getting board of repeating this mate. The council own the ground. The council have the overall authority on any potential development on that ground and in the surrounding area. If that doesn’t help with any further questions, I really don’t know what else to say. They hold all of the expectations of the lease.

Would you like to "share with the group" what you know can be built upon that land then??
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« Reply #128 on: July 05, 2021, 11:01:30 am »

Think about what you could do though Steven if the club were to have a stake in the development of the area. Hotel/casino, purpose built training and rehabilitation facilities for all 3 Northampton professional sports clubs who all work together. Why is it football, Rugby or Cricket when you can go to all 3? What about a season ticket offering for that with all 3 pushing to raise profiles, something to get business and sponsors excited. Specialist retail, restaurants owned by the club with match day functions. Quality food delivered direct to the back of stand collection points during the game all ordered via smart phone app, instead of gulping down boiled burgers and bovril that you have had to queue 20 minutes for at half time. The stage at the back of the North, the possibilities and options are endless. Make the land money work for the club and recruit some people to develop the alternative commercial opportunities. But no, it’s corporate boxes destined to be half used and plastic seats that won’t see an arse more than twice in 3 months. Fcuk me and people wonder why we’re going backwards, where’s the imagination and drive? The Club, Council, Trust, Saints and even the CCC could all work together along with the Council to regenerate the whole area. Given the proximity of the Saints to Sixfields and the land in question/money involved what a golden opportunity to kill about 8 birds with one stone. Do up the East Stand with a car park my ar5e, it will be a new bus stop next just to be really progressive. What a fcuking waste, and people wonder why we’re in debt. FFS do something different that will get people excited and get the Council up off their backsides to work positively and finally promote and progress the town. I’m going for a lie down.

I want this!
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« Reply #129 on: July 05, 2021, 11:01:55 am »

You tell me. Have you got something you want to share? I haven’t.

I might be able to argue that KT and DB are shyte with money. But beyond that I’m done. You and a select few obviously know something I don’t. As the teacher would say.. WOULD YOU LIKE TO SHARE IT WITH THE GROUP?  Grin Grin
Did I take your quote out of context then Terry?
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« Reply #130 on: July 05, 2021, 11:14:39 am »

😂😂😂😂 I THINK THERE WAS AND THE TRUST HAVE EVIDENCE.
maybe you should take a breath and read what the trust have written, money was transferred to BDJ and over a million was transferred to KT and DB according to the Trust, totalling £6.7m again according to the trust’s statement. Now if that wasn’t true I think legal process would have started don’t you?

Fúck me. That was money for the shareholders not for the club. If I buy shares in Melly's company Melly gets thet money not the company.
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« Reply #131 on: July 05, 2021, 11:16:52 am »

Plenty..

So the land gets sold for development and then whoever can come along and submit a planning application to WNC to build whatever on it?

I don't see what other role the Council play in any of this....they may hold/own the land but it is subject to a 150 year lease to CDNL.....so CDNL have to step forward with development proposals.....which currently consist of a car park and "possibly" some warehousing development.

Are you saying the Council should knock these back and say "you can do better than that"?
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« Reply #132 on: July 05, 2021, 11:22:03 am »

Fúck me. That was money for the shareholders not for the club. If I buy shares in Melly's company Melly gets thet money not the company.

The shareholders of what? The football Club? The owning company (NT Ventures) of the football club? The owning company (Fantastical Limited) of the owning company (NT Ventures) of the football club?
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« Reply #133 on: July 05, 2021, 11:38:46 am »

Fúck me. That was money for the shareholders not for the club. If I buy shares in Melly's company Melly gets thet money not the company.
Fûck me too, the money still changed hands as reported in the Guardian newspaper.
KT and DB still received £6.7m, I really don’t get your point, KT and DB are the club.
Are they not pleading poverty and wracking up a soon to be £10m debt?

I will make it simple KT and DB = NTFC
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« Reply #134 on: July 05, 2021, 11:42:44 am »

The shareholders of what? The football Club? The owning company (NT Ventures) of the football club? The owning company (Fantastical Limited) of the owning company (NT Ventures) of the football club?
I think he might go a bit quite after posting that little gem.
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« Reply #135 on: July 05, 2021, 11:52:29 am »

He might go quite but probably won't go quiet.
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« Reply #136 on: July 05, 2021, 11:52:36 am »

 Grin  Welcome to the land of the Barrack Room Lawyers...everyone really haven't got a clue have they?
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« Reply #137 on: July 05, 2021, 11:54:01 am »

He might go quite but probably won't go quiet.
Dyslexia rules KO.
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« Reply #138 on: July 05, 2021, 11:54:16 am »

Fûck me too, the money still changed hands as reported in the Guardian newspaper.
KT and DB still received £6.7m, I really don’t get your point, KT and DB are the club.
Are they not pleading poverty and wracking up a soon to be £10m debt?

I will make it simple KT and DB = NTFC


Wrong, no it doesn't.

They got money for their shares. Let me make it simple. I buy a car from you, it is up to me wether I put petrol in it or not, if I cannot I have made a mistake and decide to sell it back to you, it is then up to you what to do with the car, you can finish the paint job, install a turbo, but it is up to you because you own the car.
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« Reply #139 on: July 05, 2021, 11:57:20 am »

The shareholders of what? The football Club? The owning company (NT Ventures) of the football club? The owning company (Fantastical Limited) of the owning company (NT Ventures) of the football club?

Thank you for listing the possiblities of which company sold the shares, note company either NTV, FL and later BDJ, not the club, the club is bascially a majority owned susduary of what ever company DB and KT decide to call themselves.
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