Would have expected someone to personalise the generic message a little for the coventry forum given our clubs recent history on this matter. Nonetheless, its not nice what's happening to you lot. Good luck!
We of all fans should appreciate your situation. Hope it gets sorted outGood Morning All
Its with regret that I am posting for this reason on your fans forum.
Northampton Town FC are at risk of going out of business in 2 weeks time. We face a winding up petition on the 16th November for an unpaid tax bill. We also find ourselves owing a massive 10Million pound loan to our local council which was taken out for stadium redevelopment, which has mysteriously gone missing in our property developing chairmans pockets David Cardoza.
I personally have followed the cobblers across land and sea of the UK, visiting the majority of the 92 football league clubs. I ask in hope that you can help us with raising awareness to our cause with help growing publicity on social media. We have a twitter pages [MENTION=8459]SaveTheCobblers[/MENTION] and using the hashtags #SaveTheCobblers.
Finally, I ask if you can all dig deep for as little or as much as you can. We have a fund raising page which is https://crowdfunding.justgiving.com/ntfctrust , we've set a target of £100,000 to help with the tax bill and day to day running of the club but unfortunately whats needed is substantially more! We are currently just over £18,000.
Thank you for your time reading this, and we do hope to be still in existence come Christmas!!
Thanks
NTFC Supporters.
How is £100k going to help when £10million is needed?
The Council will probably use the land that cardoza was going to develop to recoup the money. They have also said they will pursue him for itIf they find the 100K for this what's the score with the loan that seemed to go missing?
Il do that bit and can probably be a bit more candid than an official trust representative.Would have expected someone to personalise the generic message a little for the coventry forum given our clubs recent history on this matter. Nonetheless, its not nice what's happening to you lot. Good luck!
cardoza was clever enough to ensure all the debts were with the club rather than him. If the revenue debt isnt met the club will be wound up.FFS people love to have a dig where it's not needed, what do you expect him to do? Put it on sky blue coloured text to make you feel happy?
anyway to the topic, gutted for you and will happily donate a few quid but I agree with tony in that surely you need some protection that this mo eh is going to the Rev instead of cardoza's new swimming pool
cardoza was clever enough to ensure all the debts were with the club rather than him. If the revenue debt isnt met the club will be wound up.
obviously saturday could potentially be our last ever away game so a lot of people want to go although some are worried what cardoza will do with his half of the gate reciepts as he is still technicallly chairman even if he isn't paying his employees.
cardoza was clever enough to ensure all the debts were with the club rather than him. If the revenue debt isnt met the club will be wound up.
obviously saturday could potentially be our last ever away game so a lot of people want to go although some are worried what cardoza will do with his half of the gate reciepts as he is still technicallly chairman even if he isn't paying his employees.
The only time this has happened before as I recall the council forced administration at Port Vale to save the club.
Why won't Northampton council do the same as they are the major creditor?
good idea will check with our lot to see if they havent alreadyHas anyone spoken to our trust? Should be a decent crowd Saturday so you want want to speak to them and get some people out with the collection buckets.
theres talk of them opposing the winding up order but not administration.The only time this has happened before as I recall the council forced administration at Port Vale to save the club.
Why won't Northampton council do the same as they are the major creditor?
theres talk of them opposing the winding up order but not administration.
Personally I think its in the council's interest to pay the taxman off, add it on to the loan money then do a deal with kelvin thomas to get the whole lot back. They also owe it to the club, as they should have done a better job of monitoring the loan. They let cardoza and his gang keep drawing money down from the loan even though no work was being done on the stand.
They let cardoza and his gang keep drawing money down from the loan even though no work was being done on the stand.
both true. hence why he got away with it.tbf he's been there a fair while, and I thought until fairly recently he had an OK level of support around the club?
Their fans will probably be talking about the game.I see David Conn has just written a piece on Northampton. I hope their trust doesn't put a link on their website to it. After all it's illegal
I see David Conn has just written a piece on Northampton. I hope their trust doesn't put a link on their website to it. After all it's illegal
:welcome:
http://www.theguardian.com/football/2015/nov/06/northampton-town-extinction-missing-millions#_=_
Bloody hell.. it stinks!
that and praying we stay in businessTheir fans will probably be talking about the game.
More details on where the money went.
http://www.bbc.co.uk/news/uk-england-northamptonshire-34750400
This was going on when Fisher was spouting on about us building our own stadium. And since it went tits up he hasn't said a word :thinking about:
Leicester went through one administration to get their ground built. Cardoza went through several to get one partly built. It looks like he had £2.65m to cushion the blow and his companies set up saw to the rest of the money. No wonder the police are looking into the situation. If it is how it looks they would make SISU look saints.
Disgraceful, didn't the cricket club come up with major financial issues not too long ago?
We will be helping with the bucket collection on Saturday around the ground. This is a shocking situation and has the smell of a deal closer to home (our previous one anyway).
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