Ground sale and the power at NCFC Plc

[Smudger 0]

[quote user="vos"]TFAa states that I had not allowed for capital repayments in my calculations. He is correct, but not knowing the exact present position with arrears etc I omitted this but accept it could be a further £1 million. (Blair speak for trying to make the most of my argument !!!!) Also agree the directors may not request repayment of their loans, but if it was me I would be uneasy if the principal asset was sold off.

Somebody has also asked what about the value of the Hotel ?? As I understand it the Club put in the land and the developer built the hotel. Additionally there is a £2.5 million loan outstanding on this or the nearby car park.Land at Colney could be worth a bit. I follow the line of Mick Dennis that specialised sports grounds are not very attractive investments and hotels are not exactly the flavour of the month.

My main concern is that I don''t want the Club to fail. We are borrowed up to the hilt in uncertain times, we are scratching around for any possible deals, and we are already taking money for next season ticket sales. This mindset has to be changed and we need to take action to balance the books or as a temporary measure introduce more capital from somewhere.

It would not surprise me if tomorrow night Delia announces she is putting in another couple of million. Is that the reason the AGM was delayed to give her time to assess the income from BBC and booksales!! And what better time to announce it!!.[/quote]Another grade ''A'' numpty who thinks that another £million or two is going to stop our club from stagnating at a higher level once more! [:$]Haven''t we been there and done that before?Unless we can challenge for promtion in the Championship next season then Lambert will get his better offer and walk.  We will then be left hoping that McNally can stop the clueless ones from bringing in appointing another disaster waiting to happen as manager.

[Smudger 0]

[quote user="SteakAle"]You''ll have to excuse my ignorance, I''m not very bright. Can someone explain to me how we would be better off selling the ground and then paying rent to whoever buys it. The buyer will want a rental figure to compensate for the price paid.... ie enough to make it worthwhile... i''m lost![/quote]You don''t say... it must be nice to be off floating with the pixies your whole life and never able to get a grip on reality??? [:P]

[canary cherub 1]

[quote user="lappinitup"][quote user="canary cherub "]To return to the OP, here''s another theory:

Bowkett''s public comments about selling the ground were purely for the benefit of an investor/s, who I suspect is out there and has made (or is expected to make) a hostile bid for control of the club because of the dire state of the club''s finances. Bowkett was intending to send said investor/s a message that we have other options and aren''t as desperate as all that.

In reality the club has no intention of selling the ground.  Delia''s comment confirming this might have been designed to reassure the fans, but unfortunately she''s gone off message once again - and possibly upset said investor/s enough for them to brief NotW in retaliation??  It might explain the club''s remarkably strong reaction to a story that nearly everyone''s forgotten already.

Hope I''m wrong about this btw.  Without taking sides, the last thing we need is another investment saga played out via the media.[/quote]Hopelessly wrong CC. It''s impossible to make a hostile bid without D&M agreeing to sell their shares and if they did, it wouldn''t be hostile would it?

[/quote]

Fine, I''m quite happy not to use the words "hostile bid".  Let''s put it another way.  Perhaps the majority shareholders are feeling threatened because there''s someone out there who wants to take their toy away, whether hostile or not. 

So why do you think Bowkett said one thing one day and a few days later Delia said the opposite?  Do you think the News of the World story came out of the blue, for no reason at all?  Unless you have a better idea, I don''t see how you''re in a position to judge whether I''m on the right track or not.  I may not be, but it wouldn''t be the first time this club has played out an investment saga through the media would it? 

 

[blahblahblah 2]

[quote user="TFaa"]

[quote user="blahblahblah"][quote]BTW. Who do you hold responsible for taking this club to the third tier of football for the first time in 50 years?[/quote]Well, I''m not Shack, but I''d say Peter Grant, Glenn Roeder, and the previous board, including the maj. shareholders.Given that they can''t just walk away from the club, because they are effectively propping it up, and given that it would cease to exist without regular cash injections, what do you consider is the alternative to D & M ?  [/quote]

Peter C. or somebody of his financial strength.

There comes a time when the baton has to be passed in order for the club to move forward.

[/quote]I''d agree that someone of his financial strength would be a way forward, but if you have read Mick Dennises'' article on the accounts that I linked earlier, you would see that Cullums'' proposition could have been disastrous.  Cullum has the cash, but would have to take the club more seriously than his original proposition suggests.And I only mentioned the AGM because I thought you said you were going in a previous post.

[blahblahblah 2]

[quote]Do you think the News of the World story came out of the blue, for no reason at all? [/quote]The suggestion on here was that a lazy journalist saw NCFC in his shorthand, and typed up Norwich City when it should have been Notts County.  It''s only a suggestion on here though.

[blahblahblah 2]

[quote]And I only mentioned the AGM because I thought you said you were going in a previous post.[/quote]Oops, it''s tonight, isn''t it [:)]

[canary cherub 1]

[quote user="lappinitup"]

Hopelessly wrong CC. It''s impossible to make a hostile bid without D&M agreeing to sell their shares and if they did, it wouldn''t be hostile would it?

[/quote]

It''s not as simple as that.  Given our financial state, our major lenders (who have agreed to suspend repayments until the end of the season) have a part to play.  If they discover that there''s a potential investor who they think is worth talking to, they could say "negotiate or we''ll pull the plug".

 

[vos 155]

Sorry to have upset you again Smudger. You really must get to bed earlier. To correct you I am not a Grade A Numpty, I only passed a few O Levels 60 years ago. I would also respectfully suggest that I am trying to make an intelligent response to the original question which was not about investing huge sums for the future.

Hope to see you tonight !!!!!

[Eadienhucks 0]

It wont suprise me that a scum cnut would act as a sleeper then try to cause rifts in our club! Unless its the love to moan brigade who would find something to moan about and criticize anything from the pies being too hot to the programmes not being as good as they used to be ..Mcnaly and the board have got balls and are doing a great job compared to a lot of clubs in this difficult footballing times! ,,,,

[Tangible Fixed Assets anyone? 0]

[quote user="blahblahblah"][quote user="TFaa"]

[quote user="blahblahblah"][quote]BTW. Who do you hold responsible for taking this club to the third tier of football for the first time in 50 years?[/quote]

Well, I''m not Shack, but I''d say Peter Grant, Glenn Roeder, and the previous board, including the maj. shareholders.

Given that they can''t just walk away from the club, because they are effectively propping it up, and given that it would cease to exist without regular cash injections, what do you consider is the alternative to D & M ?  [/quote]

Peter C. or somebody of his financial strength.

There comes a time when the baton has to be passed in order for the club to move forward.

[/quote]

I''d agree that someone of his financial strength would be a way forward, but if you have read Mick Dennises'' article on the accounts that I linked earlier, you would see that Cullums'' proposition could have been disastrous.  Cullum has the cash, but would have to take the club more seriously than his original proposition suggests.

[/quote]

So you believe anything Mr Dennis said about PC.  Lol! Thats why I said I would come back to that point, post AGM. when I have more time.

 

[blahblahblah 2]

[quote user="Tangible Fixed Assets anyone"][quote user="blahblahblah"][quote user="TFaa"]

[quote user="blahblahblah"][quote]BTW. Who do you hold responsible for taking this club to the third tier of football for the first time in 50 years?[/quote]Well, I''m not Shack, but I''d say Peter Grant, Glenn Roeder, and the previous board, including the maj. shareholders.Given that they can''t just walk away from the club, because they are effectively propping it up, and given that it would cease to exist without regular cash injections, what do you consider is the alternative to D & M ?  [/quote]

Peter C. or somebody of his financial strength.

There comes a time when the baton has to be passed in order for the club to move forward.

[/quote]I''d agree that someone of his financial strength would be a way forward, but if you have read Mick Dennises'' article on the accounts that I linked earlier, you would see that Cullums'' proposition could have been disastrous.  Cullum has the cash, but would have to take the club more seriously than his original proposition suggests.[/quote]

So you believe anything Mr Dennis said about PC.  Lol! Thats why I said I would come back to that point, post AGM. when I have more time.[/quote]

All Dennis is doing is applying Cullums'' proposal to the NCFC model as laid out in the accounts.  Cullum tried to get the club on the cheap, but the club really isn''t as cheap to run as he had hoped.

[. 0]

Smith has taken us where we were always destined to end up under her embarrassing "femininisation" scheme.......

This carnage has come as no surprise to me whatsoever... but what does stagger me is how easily the fans have been mugged.... yet again. I doubt the ground could be sold without serious disruption from the grassroot supporters... but as "mummy knows best" has been the Boardroom mantra since her Biblical Coronation, don''t expect "what''s best for the club" to be the chosen way forward.

[Bill 1,788]

I couldn''t agree more. Cluck.

We don''t need some woman who keeps appearing on telly every night. Whether she''s sat watching the game, cooking something or just showing up in repeats it''s not what we want.

We want a facelees nobody, Somebody who can sack and close down whatever he wants without all this hullabaloo from so called fans and shareholders,

Whose idea was it to own the ruddy ground anyway, Daft idea. Why can''t we be a bit more like our chavish neighbours and be council tenants ?

Sit quietly at games and be a bit more respectful. Don''t keep kicking up a fuss when things aren''t right. Watch when they get relegated. I bet you will hear hardly a murmur. They''ll simply wring their caps and touch their forelocks towards the director''s box and sullenly shuffle out of the ground.

Yes Cluck is right. We must be more docile and know our place.

[Steak&Ale 0]

Me and the pixies have just landed! We.ve been out to buy Smudger a claret and blue shirt to wear for the pre-match pint on Saturday.

[Tangible Fixed Assets anyone? 0]

[quote user="blahblahblah"]

......Cullum tried to get the club on the cheap....
[/quote]

Could you please explain why you think that?

[Tangible Fixed Assets anyone? 0]

[quote user="Cluck the Purist...."]

Smith has taken us where we were always destined to end up under her embarrassing "femininisation" scheme.......

This carnage has come as no surprise to me whatsoever... but what does stagger me is how easily the fans have been mugged.... yet again. I doubt the ground could be sold without serious disruption from the grassroot supporters... but as "mummy knows best" has been the Boardroom mantra since her Biblical Coronation, don''t expect "what''s best for the club" to be the chosen way forward.

[/quote]

When it comes to a possible ground sale and leaseback option, I think people should leave it to Bowkett and McNally....these guys are not mugs! They will do whats right for NCFC.

Good to hear that McNally is getting to grips with the cost base .....now where I have seen the suggestion that we should be cutting our overheads?

 

[Tangible Fixed Assets anyone? 0]

[quote user="City1st"] Whose idea was it to own the ruddy ground anyway, Daft idea. Why can''t we be a bit more like our chavish neighbours and be council tenants ? [/quote]

Renting the ground option, is not the end of the world as some think.

Manchester City, Leeds United, Ipswich Town, Coventry and Colchester are ok. 

 

[. 0]

[quote user="City1st"]I couldn''t agree more. Cluck. We don''t need some woman who keeps appearing on telly every night. Whether she''s sat watching the game, cooking something or just showing up in repeats it''s not what we want. We want a facelees nobody, Somebody who can sack and close down whatever he wants without all this hullabaloo from so called fans and shareholders, Whose idea was it to own the ruddy ground anyway, Daft idea. Why can''t we be a bit more like our chavish neighbours and be council tenants ? Sit quietly at games and be a bit more respectful. Don''t keep kicking up a fuss when things aren''t right. Watch when they get relegated. I bet you will hear hardly a murmur. They''ll simply wring their caps and touch their forelocks towards the director''s box and sullenly shuffle out of the ground. Yes Cluck is right. We must be more docile and know our place.[/quote]

Careful with the overt sexism there......

Harriet Harman isn''t doing such a bad job in Parliament...... and she''s a woman.

[CambridgeCanary 0]

[quote user="Smudger"][quote user="vos"]TFAa states that I had not allowed for capital repayments in my calculations. He is correct, but not knowing the exact present position with arrears etc I omitted this but accept it could be a further £1 million. (Blair speak for trying to make the most of my argument !!!!) Also agree the directors may not request repayment of their loans, but if it was me I would be uneasy if the principal asset was sold off. Somebody has also asked what about the value of the Hotel ?? As I understand it the Club put in the land and the developer built the hotel. Additionally there is a £2.5 million loan outstanding on this or the nearby car park.Land at Colney could be worth a bit. I follow the line of Mick Dennis that specialised sports grounds are not very attractive investments and hotels are not exactly the flavour of the month. My main concern is that I don''t want the Club to fail. We are borrowed up to the hilt in uncertain times, we are scratching around for any possible deals, and we are already taking money for next season ticket sales. This mindset has to be changed and we need to take action to balance the books or as a temporary measure introduce more capital from somewhere. It would not surprise me if tomorrow night Delia announces she is putting in another couple of million. Is that the reason the AGM was delayed to give her time to assess the income from BBC and booksales!! And what better time to announce it!!.[/quote]

Another grade ''A'' numpty who thinks that another £million or two is going to stop our club from stagnating at a higher level once more! [:$]

Haven''t we been there and done that before?

Unless we can challenge for promtion in the Championship next season then Lambert will get his better offer and walk.  We will then be left hoping that McNally can stop the clueless ones from bringing in appointing another disaster waiting to happen as manager.
[/quote]

Except dear Smudger you fail to take account of McNally''s well publicised 7 year plan to get City to an established Premiership slot.  That plan allows at least two years to get out of the Championship.

To be in post lambert must have agreed the plan.  Therefore, Lambert''s patience is greater than you assume.

[Smudger 0]

[quote user="CambridgeCanary"]

[quote user="Smudger"][quote user="vos"]TFAa states that I had not allowed for capital repayments in my calculations. He is correct, but not knowing the exact present position with arrears etc I omitted this but accept it could be a further £1 million. (Blair speak for trying to make the most of my argument !!!!) Also agree the directors may not request repayment of their loans, but if it was me I would be uneasy if the principal asset was sold off. Somebody has also asked what about the value of the Hotel ?? As I understand it the Club put in the land and the developer built the hotel. Additionally there is a £2.5 million loan outstanding on this or the nearby car park.Land at Colney could be worth a bit. I follow the line of Mick Dennis that specialised sports grounds are not very attractive investments and hotels are not exactly the flavour of the month. My main concern is that I don''t want the Club to fail. We are borrowed up to the hilt in uncertain times, we are scratching around for any possible deals, and we are already taking money for next season ticket sales. This mindset has to be changed and we need to take action to balance the books or as a temporary measure introduce more capital from somewhere. It would not surprise me if tomorrow night Delia announces she is putting in another couple of million. Is that the reason the AGM was delayed to give her time to assess the income from BBC and booksales!! And what better time to announce it!!.[/quote]

Another grade ''A'' numpty who thinks that another £million or two is going to stop our club from stagnating at a higher level once more! [:$]

Haven''t we been there and done that before?

Unless we can challenge for promtion in the Championship next season then Lambert will get his better offer and walk.  We will then be left hoping that McNally can stop the clueless ones from bringing in appointing another disaster waiting to happen as manager.
[/quote]

Except dear Smudger you fail to take account of McNally''s well publicised 7 year plan to get City to an established Premiership slot.  That plan allows at least two years to get out of the Championship.

To be in post lambert must have agreed the plan.  Therefore, Lambert''s patience is greater than you assume.

[/quote]

Maybe they are... but then again do you think that either of McNally or Lambert will still be here if NCFC don''t make the Premiership in the next few years???

[Tangible Fixed Assets anyone? 0]

The close season is going to be interesting.

Will Lambert get sufficient money to invest in the team?

[lappinitup 629]

It didn''t take you long Tangy so you didn''t disappoint. What would you have done if we had missed out on promotion this season? Shame really! [^o)]

[Tangible Fixed Assets anyone? 0]

Tangible Fixed Assets anyone? :

Will Lambert get sufficient money to invest in the team?

This is the question you should be thinking about this summer.