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Cloudy
September 11, 2017, 8:12am Report to Moderator
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Fenty put his money in years ago and has added very little (if any) over the last few years. The only money over and above fan and commercial income came from the Mullens.

JSF cannot call his loans in ( and nor can any other director who has loaned the club money) unless the club can afford to repay. They cannot and therefore JSF clings to the football fortune raft.

I think deep down he knows he isnt getting the loans back so an offer for his £1m shareholding and being able to demonstrate you could 'take the club forward' would be an acceptable starting point for negotiation.

You would NOT have to pay anything like £4m to take over GTFC
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pizzzza
September 11, 2017, 9:15am Report to Moderator

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#operationtakeover
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1mickylyons
September 11, 2017, 10:27am Report to Moderator
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Quoted from lowerfindus
When enough fans wake up to the fact that Fenty is the problem and start to act together to place pressure on him to change/leave/show some responsibility for his actions then we may well move forward. Until then we a stuck in this fenty lead misery cycle.

Would be nice to see one of our big away supports really direct some vocal thought on his tenure as chairman instead of some of our players who irrelevant of ability are not the root of all evil.


JF really has had an easy ride from the terraces when you think of what he`s let happen during his reign.Bill Carr got dogs abuse for far less and I also think the times coming where maybe the fans have now fully had enough of JF and can see the Club going backwards once again.Lincoln have proved what can be done with a positive all for one attitude and where was this at Grimsby following the FGR win at Wembley.Lincoln kept the promoted side together and added we let the team fade away by penny pinching et al now look what we`ve got journeymen who don`t give a rats about the Club.GOING DOWN
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1mickylyons
September 11, 2017, 10:33am Report to Moderator
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Quoted from HackneyHaddock


From what I gleaned from previous fans' forums, I think he believes he can wait for an offer and either be bought out or hand the club over in return for some investment meaning he can recoup some of his money later if there's some "football fortune" (huuuuge transfer, cup run, Sheikh/Oligarch buy-out etc).

I think JF is being wildly optimistic in holding out for some "football fortune" and if he wants to ensure a good legacy, should look at removing himself from the scene, either by triggering an automatic "benign loan write-off" or some sort of debt-into-equity conversion in the event of a takeover, or by just entrusting the football club to the people of Grimsby by cancelling his loans (subject to accountants/tax considerations) and walking away completely, paving the way for others.


I am hoping against all hopes that JF is hanging on to deliver the stadium then walk away leaving what he regards a legacy to the football club and IF he gets a few quid from that good for him.However from a football point of view the sooner he goes the better.
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grimsby pete
September 11, 2017, 10:45am Report to Moderator

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We could do a deal with him,

If we call the new stadium  THE FENTY DOME,

He walks away and takes his loans with him,

That just might work.


Black and White forever       62 years following the town.   Proud to be a codhead.    
                                30 years living in suffolk but always a mariner .    
                            
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dapperz fun pub
September 11, 2017, 10:59am Report to Moderator
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Quoted from grimsby pete
We could do a deal with him,

If we call the new stadium  THE FENTY DOME,

He walks away and takes his loans with him,

That just might work.


Nice try Pete but I think it's going to take more than that


thank god that's over we are now football league
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Ipswin
September 11, 2017, 11:03am Report to Moderator
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Quoted from grimsby pete
We could do a deal with him,

If we call the new stadium  THE FENTY DOME,

He walks away and takes his loans with him,

That just might work.


Pete

There isn't going to be a new stadium, it will never happen
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headingly_mariner
September 11, 2017, 11:16am Report to Moderator

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Quoted from Maringer


I don't deny Parker spent/lost a good amount of money. Just pointing out that he didn't want to go the whole hog and take charge. Again, this is fair enough.

Thus far, Fenty is the one who put his money where his mouth is (albeit mostly as 'benign loans'), so that's the current ownership situation and that's where we stand for the foreseeable future.


I would have a closer look at the reasons he left and the share issue. He was shafted out of the club and the issue was wholly avoidable.
A loan is not benign if somebody wants it back however far in the future that might be.


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friskneymariner
September 11, 2017, 11:36am Report to Moderator

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There is so much what has happened behind close doors that we the paying customers do not know about,lack of transparency  only benefits one person and as a business practice is  quite ante antediluvian..
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arryarryarry
September 11, 2017, 12:11pm Report to Moderator
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Quoted from Ipswin


Pete

There isn't going to be a new stadium, it will never happen


Stop being so bloody negative, it was only 1995 when the new stadium was announced, give them a bit of time FFS.
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