GTFC shares are worth fv<k all

Quoted from PrestwichMariner

Safe until the new year - thats 12 weeks away so I hope someone somewhere is going to come up with a large wad of cash by then! Unfortunately it won't be me and I doubt if it will be any other poster on here so while its OK to criticise negativity a bit of a reality check wouldn't come amiss either!

It's hard to see why anyone would invest in GTFC (or indeed any football club). Without director subsidies the club would have gone into liquidation years ago and things are getting worse not better ... a "big" club in the BS Premier is in a much weaker position than newer, leaner outfits on the way up - a la AFC Wimbledon.

I really think the club may have to start again .. without the BP millstone, without Fenty's debts but perhaps with an air of positivism that can only be generated by accepting the reality of the situation ... perhaps with a part-time team playing in front of 2,000 max at somewhere like the Withdean - ie temporary stands around a public playing field.

I could see us groundsharing at Sincil Bank.  

The Bank of England are about to print £75bn worth of money and Merv hasn't had the decency to reply to my letter asking him to give 2 million to Town. Hopefully there'll be a cheque on the way as it's only been announced today.

Are we on Steve Jobs' will by any chance?

I bet you're a hoot at parties!!

Quoted from potboiler

GTFC was hardly a viable business when the team was in the Championship .. today it is a basket case waiting to die .. it needs cash, business acumen and time .. the Trust has none of these things ...  I really think this could be the beginning of the end ..

Who knows what each member of the trust can bring to the table.  One thing I'm guessing is that minutes were recorded so that you know who proposed something and what they said.

Answer the points below and you'll see why no one is investing in Town.

Maybe your thread should be aimed at Elsom, Chapman and Fenty's benign £2 Million loan which hangs like a millstone around the clubs neck.

MP has invested over £1.25 million in 20 months, why hasn't the board re-organised as promised and why did JF allow MP to buy more shares knowing that it would cause a power shift.

If JF has like he says as good as written off the loan why not convert it into shares, it reads better on the books and any investor will see that there isn't anything in teh cupboard to scare them off.

Quoted from Marinerz93

Who knows what each member of the trust can bring to the table.  One thing I'm guessing is that minutes were recorded so that you know who proposed something and what they said.

Answer the points below and you'll see why no one is investing in Town.

Maybe your thread should be aimed at Elsom, Chapman and Fenty's benign £2 Million loan which hangs like a millstone around the clubs neck.

MP has invested over £1.25 million in 20 months, why hasn't the board re-organised as promised and why did JF allow MP to buy more shares knowing that it would cause a power shift.

If JF has like he says as good as written off the loan why not convert it into shares, it reads better on the books and any investor will see that there isn't anything in teh cupboard to scare them off.

I would think he would not convert that much in to shares as it would take him over the 51% rule that MP fell foul to. Anyway there must be a limit to how many shares there are available I would have thought.

Marinerz93

I agree with you. And looking at Fenty's "management" of the club it's hard to see how he could ever have made enough money in his other life to be able to chuck £2 million at Town.

Human nature dictates that Fenty will be emotionally unwilling to write off £2 million just for the pleasure of giving some other poor so-and-so more of a fighting chance of succeeding where he failed.

The Trust has no money .. certainly not the £1 million a year the club needs to counteract its current trading losses. My fear is that the Trust will be just another turn-off for potential investors ... and without investment the club will most probably continue in its current downward spiral.

I just cannot see why anyone in their right mind would invest in GTFC as a business.

Am I missing something?

I wouldn't underestimate what effect a fresh start and fresh ideas could make.
There's more to buying and running a football club than buying a 2nd hand car where you buy the car and short of a replacement parts that's pretty much it.

You can bring your own vision, business sense, football knowledge(possibly), a stategic plan to make it more successful and appealing.
Plus we've got a potentially wider fanbase too.

Does Fenty even want to make the club a viable buying proposition ?
Personally I doubt it because why didn't he just buy shares when Parker did ?

I now think headingly mariner is right - he should just right the loans off cos I'm not even sure I trust him to put the best interests of the club first anymore.

i shall buy grimsby