Cobblers chairman Cardoza says club must be allowed to expand Sixfields
A press conference with David Cardoza and Aidy Boothroyd, as Aidy Boothroyd is announced as the new manager of Northampton Town Football Club.
COBBLERS chairman David Cardoza has said the club must be allowed to expand Sixfields to ensure its future after posting a profit of almost £250,000 in their most recent accounts.
The club this week released a financial statement for the year ending June 2011 which revealed an operating profit of £249,749, with overall turnover up to £3.24 million.
The previous year the club recorded a loss of £245,997 and turnover of £2.94 million.
The club remains £7.4 million in debt.
Mr Cardoza said last year’s profit was down to “hard work”, cost cutting within the club and was helped, in part, by the club’s thrilling run in the Carling Cup, which culminated in a famous win at Anfield.
The club’s coffers were also swelled by a refund of more than £117,000 from previous electricity bills.
The chairman warned the club was unlikely to record another profit this year, however, with the Sixfields outfit counting the cost of sacking former manager Gary Johnson and investing in player wages, as the club languishes at the bottom of the football league.
He said: “It shows we made a profit for that year, which is really good. The staff worked really hard, we made a number of cost cutting measures and we invested some of our income so it made us profitable.
“It shows we have worked really hard to get into that position.
“But this year won’t be the same, we won’t be making a profit, we will probably break even.”
The accounts have also revealed how heavily the club continues to rely on the money of the Cardoza family.
The report shows Mr Cardoza’s family has now ploughed almost £8 million into the club.
The chairman, who insisted he would not put the club’s future in doubt, said he had continued to pump money into the club this season.
He said: “It is relying on an awfully large imput of cash from us to keep the club going.
“There are a number of reasons for that, including the changing of the manager, spending more money on the wage bill and not improving our league position, as well as having no cup run to speak of.
“That has put a strain on the club this season,” he said.
Mr Cardoza said he was working “very hard” to make the club less reliant on his money.
He added: “We are working very hard to get away from that.
“Although certainly from the figures you can see it is still the case,” he added.
“What is important for the football club is it needs to expand the stadium so it doesn’t need to rely on individuals and it can become a self-sufficient business.
“Without the stadium expansion the club will very rarely be in a good position,” Mr Cardoza said.
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Comments
There are 59 comments to this article
Page 1 of 4
steve rodhouse
Thursday, February 16, 2012 at 10:46 AMSorry Tony, you've missed "some do nothing" from your list.
Tony Clarke
Tuesday, February 14, 2012 at 03:19 PMI wonder if any local politician, Lib Dem, Tory or Labour has ever wondered why Developers at Sixfields, Franklins Gardens or anywhere else have always been reluctant to put in for Planning Permission to NBC? I doubt it, as it serves their purpose and memory to blame everyone else but themselves for the continued malaise in this town. Some Councils do, others do little, I know which fits NBC more.
lady muck
Monday, February 13, 2012 at 09:49 PMWagtheDog...I was told the same thing happened at Buckingham...the Duke (or somesuch), didn't want the smokey old railway so the town never got it and shrunk in significance. SteveRodhouse...i take your point...problem is that like most of us, when you are younger and have the energy for politics, you're trying to run a career and family etc. When you've got the time, you're too old. As you imply, we should not just be thinking for our own benefit but our children and so on... a long-term view is what's needed....but in the short-term....Come on Cobblers.
steve rodhouse
Monday, February 13, 2012 at 10:06 AMExcellent. Never doubted you. You sound like a railway enthusiast so google my surname (may have to add my nephew Jason's name) and indulge yourself in hours of photographic fun. It doesn't lessen my argument though as some of those landowners were probably pulling the strings of the local Council of the day which amounts to the same thing or even worse as it would be corruption. You may well know more about that as well. lady muck. I think the point being made was that it is easy to criticise the doers of this world especially when using an aka. You could always stand as an Independent and be the new Screaming Lord Sutch. Let's just hope there's some progress made on the stadium expansions this year.
WagTheDog
Sunday, February 12, 2012 at 11:20 PMFor Steve Rodhouse and anyone else who's in any doubt. I quote from "British Steam Railways" by David Ross.. . . . . . . "There were sound business reasons for getting an Act of Parliament to promote a railway. Most importantly, it gave the company compulsory purchase powers to get the necessary ground. While towns were glad to get railways, rich land owners often strongly resisted. The London & Birmingham Railway avoided the important town of Northampton, despite the town's enthusiasm to be on the line, mainly because the owners of the land around the town created so many difficulties. A loop eventually linked Northampton to the main line in 1875." . . . . . . . The "passing fad" comment was made by those landowners, who had seen their lands previously taken for the building of the canal network, and refused point blank to give up any further land. The council as it was at the time had no say in the matter because of who these indivduals were and the influence they wielded throughout the entire country. I leave it up to you to work out the families responsible, but most of them still have a prescence in and still own large parts of the county and the town of Northampton!!!
lady muck
Sunday, February 12, 2012 at 04:03 PMrobbie malton...we shall see...the proof will be in the pudding. In the meantime, whatever happens, I just hope the Cobblers digs itself off the bottom. I'm pretty sure this is the real Pam. Unfortunately I have loads of spare time at the moment, but have never considered being a councillor....mostly one has to join a political party first, and i'm not impressed by those I've seen.
robbie malton
Sunday, February 12, 2012 at 12:19 PMlady muck. when someone other than a politician says 'I personally have no objections' it is taken to mean just that. If you read more into it than that, then your view is obviously tainted. I only agree with PV sometimes, rarely even, but I assume she is using her real moniker. You seem to have loads of spare time. Ever thought about standing for local Councillor ? I won't believe you if you say you never have! Surely not?
steve rodhouse
Sunday, February 12, 2012 at 11:12 AMPoliticians can believe in something but still have to toe the party line. No one can agree with everything a particular party stands for. I'm a staunch Liberal but despair at some of the decisions taken by the last local Council. Likewise the way Cameron has sold them down the river nationally. That's my opinion and I couldn't give a monkeys if I'm the only person with that view. That's exactly why PV is correct. I despair at the short-sitedness of Northamptonians but it's not just the politicians. Just look at some of the negativity on this article. We have such vast potential but think like a little village. Where else would the sport's teams be held back to the degree they are here? Same old stale arguments about not everyone supports the Cobblers or Saints. The problem is how to get people to see the bigger picture.
Keith Chegwin
Sunday, February 12, 2012 at 10:30 AMAsk the Saints their view on how supportive the Varnsverrys are.
Links
Sunday, February 12, 2012 at 08:10 AMI'm not inferring any thing, Lady M, merely giving her the opportunity to say she wouldn't support it. ;-)
lady muck
Sunday, February 12, 2012 at 07:29 AMLinks...be careful here...you're dealing with a politician. When PV says 'I personally have no objections' you infer that this means 'I'm pleased that you would support...'
Links
Saturday, February 11, 2012 at 10:52 PMOn the contrary, that was exactly the answer I wanted. I'm not interested in the party-line spiel about planning permission in the slightest, I just wanted to hear whether you had a personal objection or not as a lot of your comments in the past have carried the implication that you had. I'm pleased to hear that this is not the case and you would support enabling development around our sports clubs.
Pam Varnsverry
Saturday, February 11, 2012 at 09:26 PMno 46 Links. I personally have no objections to enabling funding being used for the expansion or provision of any sports facilities. However, until such time as a planning application is submitted, any discussion around the manner in which the enabling funds are obtained is mere speculation. I do appreciate this may not be the answer you are looking for, but I cannot comment on a proposition that to date has not materialised.
Links
Saturday, February 11, 2012 at 07:33 PMFair play for bothering to respond to people's comments, Pam. While we are on the subject of personal opinions and straight answers would you be prepared to provide either (or both) to this one: Are you, personally, in favour of the proposed enabling developments around Sixfields and Franklins Gardens?
Pam Varnsverry
Saturday, February 11, 2012 at 05:54 PMThank you for your kind comments, steve rodhouse. Yes is the answer to your question. On numerous occasions I have been faced with different viewpoints and arguments which were contrary to my own original thoughts. As the former Labour leader, Keith Davies, once advised me: whilst retaining an open mind, residents look to councillors for leadership, so on occasion councillors will be asked to support a decision that benefits the majority over the vested interests of the minority. To quote John Stuart Mill: "He who knows only his own side of the case knows little of that" , "If all mankind minus one were of one opinion, mankind would be no more justified in silencing that one person than he, if he had the power, would be justified in silencing mankind" and "In all intellectual debates, both sides tend to be correct in what they affirm, and wrong in what they deny."
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