Parker doesn't want the chair

According to JT's twitter feed, MP doesn't want to be chairman or even be on the board.

So what's he doing buying up all the shares if he doesn't want to run the club? Potentially this is disasterous - need to hear what he actually says first.

JT says the interview will be on Sports talk at 6

Well this is a shambles and sounds like he has bought shares just to rock JF's boat . . .unless MP is doing this for dramatic effect  

who is jt ?

But it's still good that Fenty has gone though isn't it, because at least people were right about him! At least everybody can say that Fenty got us here now, no need to think about where the money is going to now come from...

Parker doesn't want the chair... I thought at first that you meant the chair that got broken during the tie wiggling altercation between Fenty and Newell....

Quoted from Jarmo.Is.God

who is jt ?

John Tondeur...Radio Humberside's Mr Grimsby

This dosent sound too good to me.

Mr Parker, if you do not want to be chairman/have control of the club why on earth are you buying up all the shares? Stop playing flipping games with the future of my football club.

Quoted from gtfc98

Mr Parker, if you do not want to be chairman/have control of the club why on earth are you buying up all the shares? Stop playing flipping games with the future of my football club.

Or waiting til 6pm to say something

this all stinks. Fenty hints the position is untenable, Parker doesnt want the position. So what does that leave. Either there are other influences involved that we dont know, fenty is playing games, or were up the creak and lost our only paddle

What the hell is he doing buying shares then? Where does it leave our club????!

6.00 pm. All should be revealed. Patience, Mariner fans

Bill Carr never owned many shares and he was chairman

He could well just be a busy man, without the time to run the club himself. I see no reason why he can't be majority shareholder whilst appointing his own chairman.

Quoted from RoboCod

6.00 pm. All should be revealed. Patience, Mariner fans

Hope you mean good news cos I'm breaking into a cold sweat .

[img]http://cache0.bigcartel.com/product_images/1416135/fucked_sign.jpg[/img]

Look North reporting Parker definately wants nothing to do with it. intercourse.

tis all speculation... everyones imagination is running wild, so kick back chill out all will be revealed eventually

By Christ, it is like an American 'End of the World' film on here, There must be something going on behind the scenes or Fenty would not have quit. Lets see what is happening before you all make stupid persumptions and make us all sound like a whinging set of supporters.

Someone with strong links and an idea of footblling history could be lurking in the shadows and looking for a club.

Mike Parker may be playing a 'sit tight and weather the media storm' game. The media is full of it and have looked to shaft Town before, maybe someone may have said "do not give anything away".

Lets see what happens before we all get hysterical  

If Parker does not want to be chairman,

Maybe,

He wants to run the club his way and does not have the time to do it,

So he appoints some person to do the job for him because Fenty wants to do the job his own way,

Just a thought.

Nobody puts all the money into the club that Parker has without being a true fan.

Quoted from FishOutOfWater

John Tondeur...Radio Humberside's Mr Grimsby

JT = LEGEND.

John Tondeur for Chairman !  

Quoted from grimsby pete

Nobody puts all the money into the club that Parker has without being a true fan.

What money has Parker put into the club? All he has done is bought shares. He hasn't covered any debts or put actual cash into the club to my knowledge

Quoted from Keelbysaint

Fenty hints the position is untenable, Parker doesnt want the position. So what does that leave.

Fenty ?
Wouldn't suprise me but we'll see...

Quoted from Perkins

What money has Parker put into the club? All he has done is bought shares. He hasn't covered any debts or put actual cash into the club to my knowledge

Well that's what buying shares in a football club is...a donation! He's hardly going to get it back!

Quoted from 1600

Fenty ?
Wouldn't suprise me but we'll see...

I said the same yesterday, mind you though he would have to barge his way through the long line of investors clamouring to waste their money

Perhaps a consortium of Iceland Fishermen are taking us over.

Quoted from tarka

Well that's what buying shares in a football club is...a donation! He's hardly going to get it back!

Agreed but my point is, i have never heard or read that Parker has put any of his own money into the club or acted as guarantor to cover the clubs debts.

Quoted Text

Agreed but my point is, i have never heard or read that Parker has put any of his own money into the club or acted as guarantor to cover the clubs debts.

Are you for real??

Hasnt Parker invested in the youth team.  I could be wrong, thought i heard that at the start of the year.

Quoted from 1600

Fenty ?
Wouldn't suprise me but we'll see...

would't be a suprise at all. Am I right that at the moment the whole board gets an even vote? Could this be a way of Fenty trying to force change in the way that the club is run?? I hope someone is playing games like this and it will all come out shortly.

Quoted from 1600

Fenty ?
Wouldn't suprise me but we'll see...

exactly what i see,fenty has called parkers bluff to see what he wants being major shareholder an not getting involved in any aspect of the running of the club and sick of hearing everyone saying parker is our saviour an he will sort us out so john has played his cards down just to know were parker stands regrding been major shareholder an to let the fans see it out in open,ive no doubt in my mind fenty will be chairman in very near future

Quoted from Perkins

Agreed but my point is, i have never heard or read that Parker has put any of his own money into the club or acted as guarantor to cover the clubs debts.

He has bought shares (a lot of them!). That means he has put a great deal of money in the club!!

Quoted from Keelbysaint

would't be a suprise at all. Am I right that at the moment the whole board gets an even vote? Could this be a way of Fenty trying to force change in the way that the club is run?? I hope someone is playing games like this and it will all come out shortly.

Yes to the first question.

2nd one, if forcing change means getting Parker to either relinquish shareolding or getting him back onto the board then it's change ?

I notice Fenty said:

"I don't expect anyone would expect the board or myself to keep putting in huge sums of money to keep the club afloat without having control of the club."

Right now I'll wager Fenty will be back in the hotseat later down the line.

Quoted from Dan

He could well just be a busy man, without the time to run the club himself. I see no reason why he can't be majority shareholder whilst appointing his own chairman.

We had this sort of situation under the Ramsdens. It's not common but not all that unusual. Are all the owners of premier league clubs also the chairmen? Was Adam Pearson the major shareholder at Hull City? The point is more about how Parker uses his money.

Quoted from meggietown

exactly what i see,fenty has called parkers bluff to see what he wants being major shareholder an not getting involved in any aspect of the running of the club and sick of hearing everyone saying parker is our saviour an he will sort us out so john has played his cards down just to know were parker stands regrding been major shareholder an to let the fans see it out in open,ive no doubt in my mind fenty will be chairman in very near future

Maybe so, but the impression I got from him last night was that is just totally fed up with the post and all it entails.

parker has done good by doing what he done by leaving his money in the club, without having a say. i hope the rest of them coffin dodgers on board also clear off too, may as well with there £500 investment.

Quoted from tarka

Maybe so, but the impression I got from him last night was that is just totally fed up with the post and all it entails.

Don't blame him one bit. He pours his heart and soul (and cash!) in to the club and he is despised. And some fans are surprised that Parker doesn't want the job!!

Course he's fed up and you can sympathise to some extent.

But look at the possible timeline....

Fenty steps down
Fans panic "We're doomed !"
Parker doesn't want it
Fenty gets control then comes back to the pleasure of fans.

Not saying he doesn't deserve credit either but what worries me is why we're so short of money come Xmas.

If Fenty does come back as Chair it will be for the sake of the club not self interest and its a big IF

Quoted from tarka

He has bought shares (a lot of them!). That means he has put a great deal of money in the club!!

Yes i appreciate that, but why does someone buy shares? usually as an investment, but hardly the case with Town i,m sure you will agree. The other reason people buy shares, especially 54% of them is to have a controlling interest, but at this moment in time, it doesn't appear he wants one. Anyway, most shareholders buy shares from other shareholders so that money does not go to the club, unless new shares are issued. Isn,t that one of the reasons why parker resigned in the first place because of the Directors on the board at that time blocking it?

Quoted from 1600

what worries me is why we're so short of money come Xmas.

Why are you surprised?!!

Quoted from Perkins

Yes i appreciate that, but why does someone buy shares? usually as an investment, but hardly the case with Town i,m sure you will agree. The other reason people buy shares, especially 54% of them is to have a controlling interest, but at this moment in time, it doesn't appear he wants one. Anyway, most shareholders buy shares from other shareholders so that money does not go to the club, unless new shares are issued. Isn,t that one of the reasons why parker resigned in the first place because of the Directors on the board at that time blocking it?

The shares that Mike Parker purchased were unissued, therefore the money went straight into the club.  Why Mike Parker resigned? You'll have to address that question to him...nobody is too sure!

Quoted from 1600

Yes to the first question.

2nd one, if forcing change means getting Parker to either relinquish shareolding or getting him back onto the board then it's change ?

I notice Fenty said:

"I don't expect anyone would expect the board or myself to keep putting in huge sums of money to keep the club afloat without having control of the club."

Right now I'll wager Fenty will be back in the hotseat later down the line.

But if the board all have an equal say, then the number of shares makes no difference on having a controlling interest, as all parties are equal... So is he putting all of the money in and other people can out vote him as to how it is spent?

All Parker has done is converted his loans into shares trouble is Fenty knew this was going to happen sooner or later as Fenty himself commented on this when asked at the fans forum in the summer

Quoted from tarka

The shares that Mike Parker purchased were unissued, therefore the money went straight into the club.  Why Mike Parker resigned? You'll have to address that question to him...nobody is too sure!

Didn't he resign over the impending appointment of another manager (who he wanted here allegedly) after the Woods departure ?

Quoted from 1600

Course he's fed up and you can sympathise to some extent.

But look at the possible timeline....

Fenty steps down
Fans panic "We're doomed !"
Parker doesn't want it
Fenty gets control then comes back to the pleasure of fans.

Not saying he doesn't deserve credit either but what worries me is why we're so short of money come Xmas.

your spot on there 80s just look at this thread parker getting slated in steps john our saviour again ,now the fans love him again an hes got them on his side again,very shrewd move but dangerous,all fentys way

Quoted from tarka

The shares that Mike Parker purchased were unissued, therefore the money went straight into the club.  Why Mike Parker resigned? You'll have to address that question to him...nobody is too sure!

I didn't know they were unissued shares he bought, thanks for clarifying. Let's hope the situation soon becomes clearer regarding Parkers intentions.

All I can think is that Parker is going to bring in somebody to do his donkey work and he will act as a sugar Daddy, he didn't think Fenty would be that person because they had differing views. He forces Fenty out and can now sit in until November and work out a plan of action. That is best case scenario.

Quoted from pontoonlew

All I can think is that Parker is going to bring in somebody to do his donkey work and he will act as a sugar Daddy, he didn't think Fenty would be that person because they had differing views. He forces Fenty out and can now sit in until November and work out a plan of action. That is best case scenario.

I thought JF and MP were in agreement on most things? Least that's what both were saying after MP's stepping down.

Prehaps there is someone waiting in the wings to throw their Conoco hat in the ring?

Quoted from maxfox44

Prehaps there is someone waiting in the wings to throw their Conoco hat in the ring?

I've still got mine !!!!  

Quoted from RoboCod

I've still got mine !!!!  

You got one of the limited edition blue ones, lucky beggar!

Quoted from maxfox44

Prehaps there is someone waiting in the wings to throw their Conoco hat in the ring?

Conoco is an American company and would have little interest in us.

Quoted from upthestripes

I thought JF and MP were in agreement on most things? Least that's what both were saying after MP's stepping down.

and surely that's exactly why the Takover panel were looking at the situation in the first place , because there was a strong suspicion that P & F were acting together, without P taking on the legal and financial responsibilities he should have done by being the majority shareholder.
Id be amazed if neither knew of these responsibilities but maybe it suited both agendas for the status quo to be maintained? their pact has been disrupted by the takeover panel sniffing around and suddenly they've got to think of  a planB
just incredible how this club manages to lurch from crisis to crisis in an ever descending spiral. certainly i think its true to say that there's stuff happening behind the scenes of which we are blissfully or worryingly unaware

Quoted from Wrawby_Mariner

Conoco is an American company and would have little interest in us.

If we would have had a new stadium guess what it would have been called   fancy not knowing that

Quoted from forza ivano

and surely that's exactly why the Takover panel were looking at the situation in the first place , because there was a strong suspicion that P & F were acting together, without P taking on the legal and financial responsibilities he should have done by being the majority shareholder.
Id be amazed if neither knew of these responsibilities but maybe it suited both agendas for the status quo to be maintained? their pact has been disrupted by the takeover panel sniffing around and suddenly they've got to think of  a planB
just incredible how this club manages to lurch from crisis to crisis in an ever descending spiral. certainly i think its true to say that there's stuff happening behind the scenes of which we are blissfully or worryingly unaware

I don't pretend to know very much about these things but aren't the Takeover Panel alerted as a matter of routine whenever share transactions greater than £100,000 take place?

Quoted from the Grimbarian

If we would have had a new stadium guess what it would have been called   fancy not knowing that

I did know that but Conoco was investing in the stadium for sponsorship reasons and not the club.

Quoted from Wrawby_Mariner

Conoco is an American company and would have little interest in us.

*wooosh*

Somebody wasn't at Blundell Park on Conoco Stadium Hat Day

Quoted from Chrisblor

*wooosh*

Somebody wasn't at Blundell Park on Conoco Stadium Hat Day

read above post.

Quoted from Wrawby_Mariner

read above post.

Start painting like a b*stard Wrawbz and exchange them for shares then we can get control through you

Quoted from tarka

I don't pretend to know very much about these things but aren't the Takeover Panel alerted as a matter of routine whenever share transactions greater than £100,000 take place?

i don't know the criteria either, but it's difficult to believe that neither P or F would be ignorant of the rules.Both have been in business for many years and no doubt retain legal advice .
the way its being presented, it all has that weary gtfc feeling of cok up rather than conspiracy

To be honest I would imagine both knew about it...but I really don't think this is about the Takeover Panel anyway.  As I said yesterday, it seems to be about a board of directors trying to run a company while the controlling shareholder refuses to have any part in that process whilst, at the same time, the incumbant Chairman seems to have grown increasingly tired of the role and seems to be putting his sanity, health and bank balance first.  Maybe that's a simplistic reading of the situation - who knows?

Quoted from tarka

To be honest I would imagine both knew about it...but I really don't think this is about the Takeover Panel anyway.  As I said yesterday, it seems to be about a board of directors trying to run a company while the controlling shareholder refuses to have any part in that process whilst, at the same time, the incumbant Chairman seems to have grown increasingly tired of the role and seems to be putting his sanity, health and bank balance first.  Maybe that's a simplistic reading of the situation - who knows?

maybe the takover panel intervention has brought things to head quicker than F&P  wanted. this has forced the issue, as the takeover panel has a wide range of powers http://www.thetakeoverpanel.org.uk/the-code/compliance
as fenty has political considerations to take into account he may well be very keen to avoid any action from the takeover panel. however whilst i think you underestimate the intervention of an investigative body i am sure that you are right about the personal element. i'm amazed he has kept wasting his money and having all the heartache,pressure and abuse that it entails- i know i could think of a hundred better ways of spending my millions!

I haven't underestimated the possible powers of the Panel (although I have heard them being described as "toothless" by some). I just feel that if anyone had anything to fear from them it, it would be Mike Parker as he appears to be the one making the takeover.  Once again...I could very easily be wrong!!

i'm sure you're right about parker, but fenty would realise that an investigation by the takeover panel/fsa doesn't look good for a conservative councillor

Quoted from forza ivano

i'm sure you're right about parker, but fenty would realise that an investigation by the takeover panel/fsa doesn't look good for a conservative councillor

I thought it was an automatic process in this sort of situation with large numbers of shares being purchased resulting in a new controlling shareholder?

Maybe he (Parker) wants to build a new langoustine factory on BP? When he took the Scottish operation over to Thailand it was "cost beneficial" - doubt it is any more. Must be thousands of folk now wanting to get frostbitten fingers for the minimum wage, hand peeling those beauties, as the recession bites?

Quoted from tarka

I thought it was an automatic process in this sort of situation with large numbers of shares being purchased resulting in a new controlling shareholder?

yes it is - and this is where i'm scratching my head, because this situation hasn't just reared its ugly head overnight. they have, it would appear to all and sundry,  been acting in concert ever since parker left the  board and started purchasing more shares which is, what, 3-6 months ago?
so surely 2 experienced businessmen have known for months that their arrangement was ultimately untenable ? so why has fenty suddenly upped sticks without  a plan of action in place?
nothing adds up at the moment and i'm still trying to work out if its conspiracy or cok up. just hope that parker, who is obviously the man holding most of the cards, knows what he is doing

So whats happening with the club?

oh dear  

But let be guess the fans will get the intercourse called out of them for making this happen and is our own fault I can just see it now.

Not our fault Parker and Fenty are both childish playing games and point scoring is that our fault really ? did I personally or another GTFC fan Go up to fenty and say I'm taking your daughter unless you resign ? Nope he did it of his own back. So all you Fenty lovers who agree with fenty that the fans are to blame  should hold your head in shame.

God knows what is going on then. Doesn't sound good though. I guess we'll have to wait until 6 to hear Parker's side of the story.

Quoted from AndyGTFC

God knows what is going on then. Doesn't sound good though. I guess we'll have to wait until 6 to hear Parker's side of the story.

I would be worried if it was my team, I've been through enough shite with our ex mad chairmen. This with you, doesn't seem right at all.

Quoted from forza ivano

yes it is - and this is where i'm scratching my head, because this situation hasn't just reared its ugly head overnight. they have, it would appear to all and sundry,  been acting in concert ever since parker left the  board and started purchasing more shares which is, what, 3-6 months ago?

I don't know the ins and out but the statement said:

"On the 17th of September Mr Fenty was questioned by the Take Over Panel, who were interested to know if Mr Parker remained in concert either with the Club or Mr Fenty, at the time when Mr Parker increased his shareholding in the Club, to just short of Fifty Four Percent.

"remained" seems to be implying they were before ?

So at what point may that have ceased ?
When Parker left the board ? When he increased his shareholding ?

I've read rule 9 and like all law, it's all very confusing....

Quoted from GrimRob

Bill Carr never owned many shares and he was chairman

He was indeed and so was Furneaux under whos chairmanship we got relegated twice.

Very confusing situation.  I recall that some years that ago Fenty insisted on getting to 51% control of the club as a condition for future financial support. Then when Parker recently converted loans to shares, or puchased unissued shares, the maths changed and suddenly Fenty is in a minority.

I beieve that the takeover panel rules compell those that obtain a majority shareholding to make an offer for the remaining shares. So one possibility is that MP either has to buy Fenty out, or reduce his holding so that JF once again enjoys a majority holding. So Fenty either walks away with at least some cash or is back in control.

But who knows? Hopefully we will find out more at 6.00pm.

Quoted from 1600

I don't know the ins and out but the statement said:

"On the 17th of September Mr Fenty was questioned by the Take Over Panel, who were interested to know if Mr Parker remained in concert either with the Club or Mr Fenty, at the time when Mr Parker increased his shareholding in the Club, to just short of Fifty Four Percent.

"remained" seems to be implying they were before ?

So at what point may that have ceased ?
When Parker left the board ? When he increased his shareholding ?

I've read rule 9 and like all law, it's all very confusing....

depends on when he stepped over the threshold.
i go back again to the point that they have known this situation would happen long ago. it's not as if fenty gets a phone call out of the blue on friday or saturday and it's the first he's heard about it. this is where i'm confused.i just wonder whether the takeover panel's intervention has forced their hand and fenty ,mindful of more poor publicity plus the fact that he was piissed off with doing the job anyway has suddenly gone off on one of his fenty strops, threw his toys out of the pram and resigned on a whim

from parker's initial comments my last sentence looks like it might be close to the truth

Just listened to the interview for the second time.

Doesn't look good for the future of GTFC if no-one is found