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ginnywings |
September 22, 2011, 11:46am |
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no, he hasn't actually said that sonik. parker said that when planning for next season, don't assume my financial contribution, which is subtly different. if mp is waiting for good times ,he might be waiting for a long time!
Exactly,he never said he wouldn't put in any more money beyond this season.He said he wouldn't make a commitment to do so,which as you point out is a subtle difference. He may just be waiting/engineering a chance to do so. Of course,we could all be wrong and both of them genuinely want out,but why the hell would Parker put over a million quid in the club,then walk away?
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Cod Almighty T shirt man |
September 22, 2011, 11:57am |
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an incredible post, fenty (& the board) have overspent to a ridiculous extreme. we are out of money, fenty just continued to add to his loans secured on the ground. fenty (& the board) has taken us to a financial position that isn't entirely disimilar to chester & rushden, it's just that we owe fenty himself rather than hmrc & other creditors
This post is also incredible - incredibly true.
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thebigeasy |
September 22, 2011, 12:19pm |
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Quoted Text
Of course,we could all be wrong and both of them genuinely want out,but why the hell would Parker put over a million quid in the club,then walk away?
Tbh I think people are reading far too much into all of this - I cannot believe this is anymore to do with the fact that than the club have realised that the forecast financial position for this year (at the moment) looks far worse than they originally anitcipated, and some discussions have taken place about how this shortfall is going to be found. I suspect that JF feels exposed, and MP has indicated to JF that his financial support this year will be limited to what has been agreed, leaving JF paying for his mistakes again - quite obviously JF is beginning to run out of enthusiasm for paying for failure. Add to that the fact that no one - including MP - is going to take over the club whilst JF has the potential to demand some or all of his loans back, or alternatively, take over with JF remaining on the board and frustrating any attempts to change direction. Any new investor or new board is going to want a fresh start and not be saddled with debt/issues caused by the previous failed regime. JF is facing losing all/most of his money which, despite his comments about the loans being benign, will be a bitter pill to swallow (I have always believed he intended to recover all/most of his loans when a new ground was bulit and BP was sold). Somewhere in the middle of all this JF will have to walk away if he is unwilling to find anymore money - whether that means the club goes into administration (no longer his call) and he loses almost everything, or he finds a compromise settlement with the new investors, remains to be seen. Any potential new investors can afford to sit and wait it out. It is unlikely that things will improve and as the club steps nearer to insolvency, inevtably the "price" of taking over the club will fall. The only hope JF has is if the fortunes pick up on the field and the financial position improves reducing the pressure on him to find the extra cash. What is undoubtedly an issue to JF is that he no longer "owns" the club and cannot have the final say in all key decisions. He now faces the same dilema that MP faced - he is one of 2 largest financial contributors in the club, but cannot guarantee to have his way!
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Biccys |
September 22, 2011, 12:22pm |
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JF has said in the past, and I'm paraphrasing, that he was not bothered about the money he's invested. That to me says he's written off his investment and won't call it in.
Whether he lives up to that is going to be interesting. Or terrifying.
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Harry Haddock |
September 22, 2011, 12:26pm |
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I get the impression Parker isn't as passionate about the club as Fenty is and was never commited to supporting the club long term.
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pontoonlew |
September 22, 2011, 12:50pm |
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an incredible post, fenty (& the board) have overspent to a ridiculous extreme. we are out of money, fenty just continued to add to his loans secured on the ground. fenty (& the board) has taken us to a financial position that isn't entirely disimilar to chester & rushden, it's just that we owe fenty himself rather than hmrc & other creditors
Well judging by the fact Fenty has written off the 2 million we owe him, it actually says to me that we are financially in a better position now because we dont owe any money out. We are not 'out of money' yet, we will survive this season and probably seasons to come because we owe NOTHING. All that happens is, is the budget gradually begins to shrink and it becomes harder to get out of this league. If you did your homework on Rushen and Chester, you'd realise that they did owe money out in the persuit of success, we haven't done anyway near what they did and nobody is looking for money back from us. Chesters chairman drained all the profits out the club for his own wealth, Fenty has drained all the debt out for nothing but love of the club. Seriously, it's not that difficult to comprehend and I know the IQ of the average fan of this club is not the highest, but it's really not that difficult. That said, Fenty leaving is a disaster but not for the reasons most people seem to think. It's the same fans who wanted Fenty out who also want an immediate return to the FL, well im afraid there isn't a chance of the two happening in tandum unless we get more money from a man who doesn't want it back. Fenty didn't do the best job on occasions, but he did an absoloutely wonderful job of keeping us afloat. Say he chucked money away on managers & players all you like, but they were gambles that didn't pay off. He didn't risk the clubs money and risked leaving us skint, he risked his OWN money to try make some of you miserable illegitimates content.
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headingly_mariner |
September 22, 2011, 12:56pm |
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Well judging by the fact Fenty has written off the 2 million we owe him, it actually says to me that we are financially in a better position now because we dont owe any money out. We are not 'out of money' yet, we will survive this season and probably seasons to come because we owe NOTHING. All that happens is, is the budget gradually begins to shrink and it becomes harder to get out of this league. If you did your homework on Rushen and Chester, you'd realise that they did owe money out in the persuit of success, we haven't done anyway near what they did and nobody is looking for money back from us.
Chesters chairman drained all the profits out the club for his own wealth, Fenty has drained all the debt out for nothing but love of the club. Seriously, it's not that difficult to comprehend and I know the IQ of the average fan of this club is not the highest, but it's really not that difficult.
That said, Fenty leaving is a disaster but not for the reasons most people seem to think. It's the same fans who wanted Fenty out who also want an immediate return to the FL, well im afraid there isn't a chance of the two happening in tandum unless we get more money from a man who doesn't want it back. Fenty didn't do the best job on occasions, but he did an absoloutely wonderful job of keeping us afloat. Say he chucked money away on managers & players all you like, but they were gambles that didn't pay off. He didn't risk the clubs money and risked leaving us skint, he risked his OWN money to try make some of you miserable illegitimates content.
That is just not a fact, that money remains in loans and he has never said he does not want it back. He has made a terrible mess of the club and its finances and is looking for a way out with his money.
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sonik |
September 22, 2011, 12:58pm |
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Well judging by the fact Fenty has written off the 2 million we owe him, it actually says to me that we are financially in a better position now because we dont owe any money out. We are not 'out of money' yet, we will survive this season and probably seasons to come because we owe NOTHING. All that happens is, is the budget gradually begins to shrink and it becomes harder to get out of this league. If you did your homework on Rushen and Chester, you'd realise that they did owe money out in the persuit of success, we haven't done anyway near what they did and nobody is looking for money back from us.
Chesters chairman drained all the profits out the club for his own wealth, Fenty has drained all the debt out for nothing but love of the club. Seriously, it's not that difficult to comprehend and I know the IQ of the average fan of this club is not the highest, but it's really not that difficult.
That said, Fenty leaving is a disaster but not for the reasons most people seem to think. It's the same fans who wanted Fenty out who also want an immediate return to the FL, well im afraid there isn't a chance of the two happening in tandum unless we get more money from a man who doesn't want it back. Fenty didn't do the best job on occasions, but he did an absoloutely wonderful job of keeping us afloat. Say he chucked money away on managers & players all you like, but they were gambles that didn't pay off. He didn't risk the clubs money and risked leaving us skint, he risked his OWN money to try make some of you miserable illegitimates content.
WHS!
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pontoonlew |
September 22, 2011, 1:01pm |
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That is just not a fact, that money remains in loans and he has never said he does not want it back.
He has made a terrible mess of the club and its finances and is looking for a way out with his money.
Others, though, have appreciated the personal wealth he has invested in the club to keep them afloat, amounting to more than £2-million with assurances he will never demand it backThats been taken from the Grimsby Telegraphs inital report so i'd beg to differ with you on that one. As for the second point, he hasn't because we owe no money out? When, we did owe 700k out. So if you pay of a debt meaning you have no debt left, does that mean you've made a terrible mess? I dont understand your logic at all, how are we in a mess FINANCIALLY?
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voice of reason |
September 22, 2011, 1:07pm |
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Others, though, have appreciated the personal wealth he has invested in the club to keep them afloat, amounting to more than £2-million with assurances he will never demand it back
Thats been taken from the Grimsby Telegraphs inital report so i'd beg to differ with you on that one.
As for the second point, he hasn't because we owe no money out? When, we did owe 700k out. So if you pay of a debt meaning you have no debt left, does that mean you've made a terrible mess? I dont understand your logic at all, how are we in a mess FINANCIALLY?
Does losing 1 million a year not equate to a financial mess...???
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