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Redevelopment Closer Than Ever?

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Author Topic: Redevelopment Closer Than Ever?  (Read 1123171 times)
Carton Lid
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« Reply #28160 on: April 25, 2021, 09:17:48 am »

In the unlikely scenario that I had been in charge of council finances I would have insisted on 2 criteria. 1. All payments would have been made by the council direct to suppliers/contractors. 2. Council officers would have full engagement/evaluation responsibilities during the tender process? Can anyone suggest why it was necessary to introduce a middle man (i.e the various companies used to manage the project)? There are no practical reasons why NTFC needed to draw down the loan, only to then immediately pass on the funds to a supplier/contractor? Can anyone come up with a reasonable argument as to why this was necessary, what purposes it served and any reasonable reasons the council may have had to accept the proposed payment processes for the project? NTFC could have retained design, timescale and quality control aspects to the project, so why the convoluted payment process? For me it adds concern and risk without any perceivable benefit? When you buy a house, the bank doesn’t give you the money to pass on to the vendor does it, it makes the payment direct to the vendor? Why do you imagine this is? This is bog standard basic stuff? Given the financial circumstances of the club it is IMO inconceivable that the financial aspect of the project would have been handled in the way it apparently transpired?
Have to agree with all of this, I questioned why "intermediate" companies were needed and was told that they had the expertise that NTFC didn't have. I had worked on various Council projects throughout my career and that relaxed my fears, every Council project I worked on the council Clerk of Works were all over everything, absolute sticklers for everything to be done correctly, shame NBC weren't !
    Looking back, all the 1st Land companies were set up to take money out of the project, but I'm still amazed that no NBC officials were on site monitoring progress.
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Terryfenwickatemyhamster
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« Reply #28161 on: April 25, 2021, 09:33:32 am »

I'm still amazed that no NBC officials were on site monitoring progress.

Likewise mate.

I’m sure it will all come out in the wash.
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CJ
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« Reply #28162 on: April 25, 2021, 09:34:56 am »

Must have been very clever and persuasive that Cardoza and those Bushey boys.
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« Reply #28163 on: April 25, 2021, 10:34:08 am »

Likewise mate.

I’m sure it will all come out in the wash.

Longest wash cycle in history!  Shocked
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Terryfenwickatemyhamster
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« Reply #28164 on: April 25, 2021, 13:27:50 pm »

Longest wash cycle in history!  Shocked

 Grin Grin
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Steve Massive Massey
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« Reply #28165 on: April 27, 2021, 07:09:13 am »

Good old redev thread, warming up nicely to keep us amused during the summer.

Does anyone have the faintest idea if there is some form of agreement in the offing? Are they actually talking?

Can they find some "common ground"  Embarrassed
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« Reply #28166 on: April 27, 2021, 08:15:12 am »

Good old redev thread, warming up nicely to keep us amused during the summer.

Does anyone have the faintest idea if there is some form of agreement in the offing? Are they actually talking?

Can they find some "common ground"  Embarrassed
Apparently they are having “good conversations” and KT has a meeting next week.
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« Reply #28167 on: April 27, 2021, 08:45:54 am »

Apparently they are having “good conversations” and KT has a meeting next week.

Next to 'erotic conversations', 'good conversations' are great.
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« Reply #28168 on: April 27, 2021, 08:47:47 am »

Apparently they are having “good conversations” and KT has a meeting next week.
Actually found that quite funny! Not sure you were going for humour but made me smile
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cobblertone
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« Reply #28169 on: April 28, 2021, 14:32:18 pm »


This probably needs to go on here to make sure we get to 2,000 pages  Grin

I can remember at the time that I wasn't a fan of the 'local' option but hindsight is a wonderful thing. We would be better off having a group who purely have the clubs best interests at heart.
You have to accept that football chairmen are a different breed and at the majority of clubs you are not going to make a profit, especially at our level, unless there are development opportunities involved or you fly up the leagues.
We need to cut the ties with the land and find a model that isn't going to lead to millions of debt. We have managed it a couple of seasons. There is so much luck involved but when KT and co decide to move on we need to try and adopt an alternative approach.
Get ya buckets out!
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All he had to do was build a stand.
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« Reply #28170 on: April 28, 2021, 15:49:26 pm »

This probably needs to go on here to make sure we get to 2,000 pages  Grin

I can remember at the time that I wasn't a fan of the 'local' option but hindsight is a wonderful thing. We would be better off having a group who purely have the clubs best interests at heart.
You have to accept that football chairmen are a different breed and at the majority of clubs you are not going to make a profit, especially at our level, unless there are development opportunities involved or you fly up the leagues.
We need to cut the ties with the land and find a model that isn't going to lead to millions of debt. We have managed it a couple of seasons. There is so much luck involved but when KT and co decide to move on we need to try and adopt an alternative approach.
Get ya buckets out!

Outside of the development the debt as long as it is just director loan is pretty irrelevant. It will only ever be paid back through redevelopment profit, lower league clubs are loss makers so it won’t ever be paid pack otherwise and will have to be written off if the owners want to offload the club.

Should the club be taken over by a group with limited finance, without the ability to fund the loses the club often makes then I’d imagine the player budget would have to be a lot more cautious and reduced than it currently is which I’m sure would go down well!.
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« Reply #28171 on: April 28, 2021, 16:47:15 pm »

The reality in most cases is that football club ownership is nothing more than a ludicrously expensive ego trip conducted under intense scrutiny. Sounds appealing?
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« Reply #28172 on: April 28, 2021, 19:41:47 pm »

Outside of the development the debt as long as it is just director loan is pretty irrelevant. It will only ever be paid back through redevelopment profit, lower league clubs are loss makers so it won’t ever be paid pack otherwise and will have to be written off if the owners want to offload the club.

Should the club be taken over by a group with limited finance, without the ability to fund the loses the club often makes then I’d imagine the player budget would have to be a lot more cautious and reduced than it currently is which I’m sure would go down well!.

I understand your point, but the amount of director loan is relevant. Had KT and DB managed to get the land deal done when they had only put in a million then there would have been far more money left over for "the Club".....now they are £7m in, what benefit do you see for the Club when, or rather if, a deal is signed off?

A finished stand....which will mean 16 boxes and some cladding, a car park and a tented village. No overall capacity increase, no tidying up of the rest of the ground...... hardly what we all envisaged is it?

What happened to the 24/7 income, the hotel, the Conference centre, you know the things that were meant to drive this club up to a new level of sustainability?
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« Reply #28173 on: April 28, 2021, 20:16:36 pm »

I understand your point, but the amount of director loan is relevant. Had KT and DB managed to get the land deal done when they had only put in a million then there would have been far more money left over for "the Club".....now they are £7m in, what benefit do you see for the Club when, or rather if, a deal is signed off?

A finished stand....which will mean 16 boxes and some cladding, a car park and a tented village. No overall capacity increase, no tidying up of the rest of the ground...... hardly what we all envisaged is it?

What happened to the 24/7 income, the hotel, the Conference centre, you know the things that were meant to drive this club up to a new level of sustainability?

KT/DB,  NBC, Fukking lib dems and up to now West Northants council. When are they coming to the party
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singcobb
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« Reply #28174 on: April 28, 2021, 21:14:05 pm »

I understand your point, but the amount of director loan is relevant. Had KT and DB managed to get the land deal done when they had only put in a million then there would have been far more money left over for "the Club".....now they are £7m in, what benefit do you see for the Club when, or rather if, a deal is signed off?

A finished stand....which will mean 16 boxes and some cladding, a car park and a tented village. No overall capacity increase, no tidying up of the rest of the ground...... hardly what we all envisaged is it?

What happened to the 24/7 income, the hotel, the Conference centre, you know the things that were meant to drive this club up to a new level of sustainability?

Where did that idea come from?
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Terryfenwickatemyhamster
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« Reply #28175 on: May 11, 2021, 14:28:52 pm »

Was just thinking with all the bollox talk about fan ownership, this might be worth a read. I know it’s an old article. Most of you might have read it already. What strikes me, is that no matter who runs the club, it’s going nowhere without either a very rich benefactor, or the gift of that land to do what we want with it.

It takes me back to my original point, from ages ago now. The emphasis has to be on the council to facilitate change. Surely they have to be capable of brokering a deal that works for them and the club. At the moment, nobody’s winning.

https://www.exetercityfc.co.uk/news/2017/may/work-to-begin-on-3.5-million-stadium-improvements/
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cobblertone
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« Reply #28176 on: May 11, 2021, 14:53:18 pm »

Where did that idea come from?

That guy who robbed misplaced the money. Can't remember if KT has particularly mentioned hotels etc.
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All he had to do was build a stand.
Steve Massive Massey
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« Reply #28177 on: May 11, 2021, 17:32:36 pm »

What strikes me, is that no matter who runs the club, it’s going nowhere without either a very rich benefactor, or the gift of that land to do what we want with it.

It takes me back to my original point, from ages ago now. The emphasis has to be on the council to facilitate change. Surely they have to be capable of brokering a deal that works for them and the club. At the moment, nobody’s winning.

Absolutely this. The desire to develop the area has to primarily come from the council, nobody has a chance without that. Sadly they are rabbits caught in headlights and would rather just let the grass grow and put out a maintenance tender. Much safer to sit on your hands.

If they called KT and said enough is enough, we all need to recoup, offered him x acres attached to the stadium lease with the nod on planning for an outstanding hotel complex, an impressive, eye catching building of architectural merit that brings positive PR for Northampton, connected to the newly developed stadium. Go fund it. At least he would have something to go on!

Sadly the record shows they will not be so bold but sit and wait. They very nearly passed planning for 255 "Bellinge" houses to be built, right up up to the stadium by DC. That proves their absolute lack of vision, such a pathetic plan would've been the death of the area and the stadium itself.

Even a billionaire would give up with this fear, lack of foresight and constant obfuscation and go develop elsewhere.

Don't join the trust, join the council!
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Carton Lid
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« Reply #28178 on: May 11, 2021, 17:54:21 pm »


 

Do join the trust, don't join the council!
There I've corrected it for you. Seriously you have to question the vision of some people, we had a County Council that bankrupts it's self, you would have thought that was a fair reason to not to re-elect them  but obviously a blue rosette changes the way some people see them
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« Reply #28179 on: May 11, 2021, 19:37:29 pm »

The problem is the council has no vision not just for Sixfields but for the whole of the town and county. The town centre is a joke, nothing but pound shops, charity shops and beggars. No vision for regeneration, growth or god forbid making the place somewhere nice to live. I live overseas now, but everytime I come back it just seems to me that a little more of the facade has crumbled and the cracks have grown. I know lots of people who would rather get their passports out and cross the border to go to Market Harborough, a town that forty years ago was as shít hole. Without a cohesive plan that involves the whole thing the council will just contribute to the stagnation of the town and county and unfortunately that will mean any plans/ideas for Sxifields.

Unfortunately I can see us having this discussion in another five years.
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