Trust statement on proposed takeover by Indian consortium

25th Jun 2015

NTFC Supporters Trust is urging the new prospective owners of the football club to make themselves known to fans as soon as they can. 

The Trust believes that early visibility of the new owners will work wonders for building confidence in each other - both for the owners and supporters.

It was announced on Wednesday that a heads of terms agreement has been signed for David Cardoza to sell his stake in the football club to an Indian consortium.

 The move has come quickly as the Trust was only made aware of the prospective takeover one day prior to the announcement, and while excited at the prospects new investment could bring, it is also keen to see continuity and the least amount of disruption possible.

Andy Clarke, the supporters' elected representative on the board of the football club, said:  "I was notified at a Board Meeting on Tuesday, and when I got there the news was quite a shock for everyone.  

"It is all a bit vague at the moment and we would encourage the consortium to make themselves known to the fans – as understandably while many will be excited some might be worried about an unknown foreign consortium."

The news of the takeover has come amidst confusion regarding the current progress of the redevelopment of the East Stand, and the Trust has been trying to seek answers for many weeks. 

The Trust at the moment is unsure as to how this will affect the stadium plans, but believes that it is very likely that the new owners will want to complete the contract.

Mr Clarke added: “I understand that the new owners have already been in talks with Buckinghams regarding the East Stand and I am sure an announcement will be made to update supporters as soon as possible.”

"But the chairman has said that the prospective new owners are in it for the football as well as the development, and of course the development helps the football side of things with an income stream.

"We would urge the prospective new owners to allow for some continuity, which will put NTFC staff and supporters at ease and stop any potential hiccups at the start of a new season."

Assuming the takeover is completed, the Trust is looking forward to building a new relationship with the consortium and to pass on the views of supporters, a role which remains as crucial today as it does when the Trust was initially formed in 1992.

Mr Clarke said: "We are very excited and we will be seeking a meeting with them as soon as we can to explain to them our role as the first ever supporters' trust.

"In the meantime, we know supporters will have many questions, and we will do our best to answer as many of these as we can."

If you have any questions, please email ntfc_trust@outlook.com.