Record Straight of the Trust Share Proposal

Quoted from Squarkus

Your trawling old excrement that serves no purpose, MP is not at the club, JF has shares, loans and more important has the club at heart, if you had to pay him an hourly rate for what he does within the club and always has done the club couldn't afford him, the lad is a genious, he keeps antiquated heating systems working, changes light bulbs in the stantions, digs boar holes for irrigation at the training ground, he has also done all the facilities at wintringham all for free ( just to keep the bill down) these facilities are second to none and really fit for purpose for up and coming future footballers girls and boys, the circle my friend is most defianatly JF as I look at the full picture, what part of the MP circle are you.

You sound like one of Johns brothers, that would explain why you have a little bit more info than the outer circle. You say I'm trawling old excrement, I'm saying that excrement was never buried and it stinks more now than ever before, have you heard of remediation because something at BP needs it in a major way.

I've never claimed John just sits on his hands and does nothing at the club, I've heard from people at the club and people who have connections within the club how much he does, sometimes taking over when it isn't necessary. As for genius, I wouldn't say us dropping out of the league and struggling in league 2 he deserves that said about him.

I'm not part of JF's circle, I am a nobody, a nobody though that has supported Town all my life and I'm getting fed up to the back teeth of the goings on at boardroom level and why this club has had a toxic boardroom for over 20 years, starting with the organised ousting of late great Bill Carr. The points I have brought up are not unreasonable questions, yet they go unanswered and so it seems there is something to hide .Fenty is not a patch on old Bill Carr, I just wish Bills son and consortium who allegedly met Furneaux had got the deal they wanted.

Look at the big picture, yes most definitely, something is wrong with the Town board, we have no Chairman and a benign debt to someone who doesn't get that benign loans in the clubs books are bad for future investment.

Also to add, has John got a licence from the Environment Agency to drill bore holes, and applied for a abstraction licence.?

Quoted from lew chaterleys lover

Is this post supposed to be in support of Fenty?

I don't want a chairman (non) to be digging bore holes, replacing the light bulbs and being the club's plumber in chief to save a few quid. I know he is a frustrated builder, so why doesn't he become a builder?

You make it sound like he hasn't got a proper job so fills his time by being the Blundell Park odd job man. Can't we afford an odd job man?


I want a chairman (non) who is actively looking for new investment, and is using professional people to do the other stuff. I am sure he is a good egg and all that, but this make do and mend attitude permeates all through the club and  is just not good enough for a club of our standing.  

Someone said once if you look after the pennies the pounds look after themselves.With regard to investment I doubt there is a queue large enough to make a full time job for John.

Funny word "investment" as it suggests you will get a return on the money you put in, so apart from a new ground I actually can't see much value in the club to return on the kind of investment some posters who watch the Premier League at the weekend and play Fifa dream of and actually to be fair we wold need to match all our hopes & dreams.

Though if we had a new ground that might change things hmmm..... now there's an interesting prospect one that a certain "Non" chairman has been trying to move forward for ages.  

Quoted from TheRealJohnLewis

There is no legal thing as a benign loan, it's a loan and unless the debts are written off, then they are expected to be repaid.

Exactly anyone given any thought what might happen on J'F''s demise might the executors of his estate/beneficiaries want repayment,thing is there will be a day when it has to be repaid,I would hope the club are prepared for all contingencies.

Quoted from TheRealJohnLewis

Fenty is a politician, therefore is unable to give a straight honest answer.

Fenty is a tory, so therefore only has his own interests at heart, and doesn't give a intercourse about anyone else.

Why don't you transfer your loans into shares? You don't lose any money and it is more transparent for any other parties looking to invest.  Officially, you are already seen as having control over the club, so increasing your share value in exchange for your loans, should have little effect.  Or am I missing something obvious?

Additionally, the balance sheet would be positive instead of negative, taking 2.2 mil from our liabilities and increasing the amount of share capital. which has got to be good for investors, right?

Quoted from TheRealJohnLewis

Additionally, the balance sheet would be positive instead of negative, taking 2.2 mil from our liabilities and increasing the amount of share capital. which has got to be good for investors, right?

You say you don't lose money but surely that depends on the value of the shares, is the club worth more or less now than what it was when John put the loans in? I am now accountant but can loans be turned into shares as they are a liability rather than an asset?

All that apart RJL feels like a cracking suggestion to me.

Quoted from HertsGTFC

You say you don't lose money but surely that depends on the value of the shares, is the club worth more or less now than what it was when John put the loans in? I am now accountant but can loans be turned into shares as they are a liability rather than an asset?

All that apart RJL feels like a cracking suggestion to me.

Would that effect our tax liabilities though.

Quoted from friskneymariner

Exactly anyone given any thought what might happen on J'F''s demise might the executors of his estate/beneficiaries want repayment,thing is there will be a day when it has to be repaid,I would hope the club are prepared for all contingencies.

Just one reason I don't want him changing the floodlight bulbs.

Quoted from lew chaterleys lover

Just one reason I don't want him changing the floodlight bulbs.

Maybe there is less risk in him doing the bulbs.....as long as Macca's not catching the ones he takes out of course

Quoted from HertsGTFC

Maybe there is less risk in him doing the bulbs.....as long as Macca's not catching the ones he takes out of course

I'm getting visions of Macca trying to catch Fenty now  

I am more than ever convinced that our football club is being run on the primary principle that JF assumes control at the cost of everything else. I think he has his own best interests at heart, much more so than the club. If he wants to prove me wrong then he should either write off the loans or convert them to shares and attract a greater pool of money and talent into the boardroom.

The original two million quid or so plugged the hole in the finances left by ITV Digital. Every decision since then has been made on a level playing field alongside every other club. Seasonal operating income x effectiveness of spending = results on the pitch. And we've all had to witness how effective JF has been in spending the club's money. Not his, the club's money. It equates to the worst performance of our football club over a sustained period of time in anyone's living memory. That is an indisputable fact.

There maybe a new stadium in the pipeline, but even if it gets built, I don't trust him to make the right footballing decisions to maximise its impact  He is not King GTFC, the true kings of GTFC are the fans that travel the length and breadth of the country following our club, and that number is diminishing. They're now joining the thousands of others that have just disappeared because they can't see an attractive future for the club. How many fans do we have to lose? How hopeless does our financial position have to become? How far does the footballing standard of the team have to drop? How long do we have to go without significant investment? He's busy enough putting  other facts right, how about he starts putting the above facts right?

It's time he takes a good look at the output of the performance of all of his hard work and ask himself if it really is or was good enough for a club he loves. It's insanity if he thinks he's done a good job. I actually think he does and just berates everyone around him that thinks differently, paying customer or not. The results, performances and relegations on the pitch under his tenure are there in black and white and boardroom performance is no better. There's definitely a distinct correlation.

Everyone moans about Hoofball or Sladeball, but fifteen years or so of Fentyball for all of us is much, much worse. Look at the state we are in today. I don't know what to say anymore. The only other option is to say nothing and drift away like all the other fans we all know that either don't go to matches or have resigned themselves to not giving a toss and getting on with their lives without thinking about their local team..