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HOW YOU CAN SHOW YOUR SUPPORT FOR THE EAST STAND PROPOSALS

Information for those who wish to support the club's plans ahead of Monday's meeting

20 February 2022

Ahead of the full council meeting of West Northamptonshire Council on Monday evening to discuss the club's East Stand development plans, the club are asking supporters who are in favour of the proposals to email the council to express that support.

Without doubt this has been the most robust process that the club has ever experienced. West Northamptonshire Council have obtained all the appropriate independent valuation advice, independent legal advice including obtaining QC opinion and all the relevant checks and due diligence have been completed and we have now reached decision time.

We have outlined below the current position and just some of the benefits to the club of this proposal;

THE CURRENT POSITION
• The club has never had direct control of the leases on the development land
• The opportunity to do so only arose when the current owners secured control of the leases through CDNL
• Following that, the owners always said any benefit from the land would benefit the club
• To confirm this, the owners transferred ownership of CDNL from themselves personally to Northampton Town Football Club
• So thanks to the actions of the owners, the club now for the first time ever, has the opportunity to benefit from any funds generated from the land.

IF THIS DEAL IS APPROVED, THEN FOLLOWING APPROVAL OF THE DEAL THESE ARE SOME OF THE BENEFITS TO THE CLUB....
• The club will finally be able to complete the East Stand
• Any development profits will go to the club through the club's ownership of CDNL
• West Northamptonshire Council will continue to be the freeholder for the stadium site and Northampton Town Football Club will be a leaseholder. The stadium will continue to be subject to the existing Asset of Community Value
• Northampton Town Football Club will also hold the freehold for the section of the former athletics track that will initially be a fan zone, car park and can be developed in the future for the club's benefit – this is an asset of significant value that the club has never had!

As Chief Executive James Whiting said on Friday; “This is quite a simple proposition in the end really and - if approved - this changes the financial landscape of the club and protects the long term future so much more than we could have hoped for.

“Just by reading the bullet points above you see where the club is and will be for the foreseeable future with an undeveloped East Stand and a lease on a disused run down former athletics track, or where we could be with a finished East Stand and some freehold land.

“There is no question in my mind and that of all the staff here that this plan has the overwhelming support of so many people because it is in the best interests of the club.”

For the benefit of the club and supporters, this plan cannot be delayed any longer.

We ask any supporter of the club in favour of the East Stand proposal to please contact the West Northamptonshire Councillors via email ahead of Monday evening's meeting to show your support.

Contact details for West Northamptonshire Councillors can be found on the link below.

https://westnorthants.moderngov.co.uk/mgMemberIndex.aspx?FN=PARTY&VW=LIST&PIC=0

Thank you for your support.

 


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