2017 Accounts (merged)

Quoted from Bigdog

I agree with what you are saying if we were talking about a window company, an engineering business, a fish processing plant, etc. But we're talking about a football club, a football club is different. No one gets involved in a football club to primarily make money. It's about pleasure and passion for the club and/or the game. I think it's where the key principle of your argument falls down in my (humble) opinion..

Regarding the A shares. Considering the number of existing shares issued is much more palatable than an outstanding loan. It's a value judgement that a person or group with much more money than you and I to take.. Their £5m might mean as much to them as £500 to you and I.

I don't disagree about people doing things for love rather than money but "Jack Walkers" are few and far between at the moment.

Bigdog we don't often (usually) agree but I respect your perspective & care for GTFC but where replacements for JF are concerned you need to differentiate between a Town mad £100M Euro millions winner who sits in the Ponny each Saturday or a serious business man looking for a ROCE. Sadly for different reasons neither are likely to come forward, but we can always hope.    

I know I'm not very knowledgeable regarding shares etc., but when I tried to sell my shares, I was told by GTFC that they had no value, and were worthless.
I suggested that if that was the case, then I had made a donation to the club, which GTFC confirmed as correct.
Clarification please?

Quoted from cannylad68

I know I'm not very knowledgeable regarding shares etc., but when I tried to sell my shares, I was told by GTFC that they had no value, and were worthless.
I suggested that if that was the case, then I had made a donation to the club, which GTFC confirmed as correct.
Clarification please?

Your shares, as a percentage of the total of the club's shares, are worth the same percentage of the club's book value, which is zero. If however, a fresh investor came in and wanted to buy the club for whatever, they might be worth something but only if it was to give said investor control. As JSF has the controlling interest, they would probably still be worth nothing as new investor would only need to buy JSF's shares to gain control.

Thank you.

Would it be more prudent for the Trust to use money such as Operation Promotion to buy shares in the club rather than just gift it?

Quoted from bedders78

Would it be more prudent for the Trust to use money such as Operation Promotion to buy shares in the club rather than just gift it?

Or maybe a benign loan ??

Quoted from Civvy at last

Or maybe a benign loan ??

The benign loan budget would appear to be full.

There's been a lot of rubbish spouted on this particular thread. Where to start?

This rumour about Pearson is news to me. Is there anything to substantiate it other than Chinese whispers from what someone said in the pub late one Saturday night?

If JF converts his loans to shares, it still means that whoever wants to buy the club ends up paying the £2 million in extra shares to control the club, instead of paying off JF.

If JF hadn't put his money in, what would have happened to the club? We would have had £2 million quid less to spend. As one lady prime minister has said, "there is no magic money tree".

As for his managerial appointments, finding the right person to take us on to the next level is purely down to luck. Take Bignot for example, he was well received by the fans when he was appointed. We were all taken in by his talk. It was only when we started getting thrashed at home that the fans turned on him. Then it became a Fenty disaster, what on earth was he doing giving him the job? Hindsight is wonderful stuff, and Town fans loads of it going spare.

Fenty's problems started when Pete Furneaux retired. He was the one with the footballing knowledge that JF sadly lacks. To be fair to JF he has to run everything himself, and gets no help or advice as far as I can tell, for anywhere. He will be the first to admit that he has made mistakes and bad decisions, but they were made with the best interest of the club at the time, but it's history that makes them bad decisions.

One final note, be careful what you wish for in a chairman. Just look at the likes of Dull City, Coventry, Blackpool. They all lived the dream, and look where that's got them.

Good post that mimma.

My work mates in lincoln have said the fans are getting annoyed with their recent results and some of the fans have already started to moan....are the cowleys feeling the strain 🤔

I have no problem with RS i think hes a nice bloke and good manager for league 2.  I just hope we let the shackles off a little and let the players attack more  even if its slightly more direct.

Anyway lets hope for a good result in our next league game.

Quoted from mimma

There's been a lot of rubbish spouted on this particular thread. Where to start?

This rumour about Pearson is news to me. Is there anything to substantiate it other than Chinese whispers from what someone said in the pub late one Saturday night?

If JF converts his loans to shares, it still means that whoever wants to buy the club ends up paying the £2 million in extra shares to control the club, instead of paying off JF.

If JF hadn't put his money in, what would have happened to the club? We would have had £2 million quid less to spend. As one lady prime minister has said, "there is no magic money tree".

As for his managerial appointments, finding the right person to take us on to the next level is purely down to luck. Take Bignot for example, he was well received by the fans when he was appointed. We were all taken in by his talk. It was only when we started getting thrashed at home that the fans turned on him. Then it became a Fenty disaster, what on earth was he doing giving him the job? Hindsight is wonderful stuff, and Town fans loads of it going spare.

Fenty's problems started when Pete Furneaux retired. He was the one with the footballing knowledge that JF sadly lacks. To be fair to JF he has to run everything himself, and gets no help or advice as far as I can tell, for anywhere. He will be the first to admit that he has made mistakes and bad decisions, but they were made with the best interest of the club at the time, but it's history that makes them bad decisions.

One final note, be careful what you wish for in a chairman. Just look at the likes of Dull City, Coventry, Blackpool. They all lived the dream, and look where that's got them.

Good post. Though the 2 million shares thing might sound stupid it in theory but could make the club a bit more democratic/collaborative and also illustrate some measurable value. If you where the one who wanted to buy JF out and it was in shares the value of those shares can rise. Usually a good rule of thumb to any sale of A shares is based upon 2.5 x OP,  All of which would make it a true investment opportunity and more attractive to new money as in turn those shares could be sold on at a profit.  

Re Bignot, the less said about that charlatan the better but maybe that appointment underlines that JF is still short of football competency at exec level, so surely you surround yourself with some expertise? There is only one person who can make this happen and it's the man himself.

I just want a bit of fresh energy from the top, regime change could be counter productive, outlook change might not be.