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Ipswin |
December 24, 2020, 11:34am |
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Question for you Swin.
If you were buying GTFC from John Fenty and you were aware of his track record, would you give him all the loan money back as part of the deal and pay him face value for his shares?
Depends how much I really wanted to buy GTFC (and why of course) If I wanted it purely for the love of the football team probably not but if I was a property developer who saw the financial possibilities of in filling in the dock, building a new stadium, refurbishing the Ice House and other deprived area of the town and needed an EFL level team to put in it then yes Surely a drop in the ocean like £1.5m can't be a sticking point I think neither side is willing to give in and heads need knocking together bit like the Brexit deal I suppose. (Just hope Shutes and Co don't excrement on us like I fear Boris has over fishing rights)
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immariner |
December 24, 2020, 11:37am |
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But aren't the new mob supposed to be sweeping in to change all that and take us into the Premier League, investing in players and stuff Fenty is accused of not doing?
No flipping point in buying the club unless they want to improve things unless of course they are only interested in the stadium and Grimsby property refurbishment / development side of things...oh wait...
We have a £1.5m salary cap that we've effectively spunked, so there's little room.for manouvreing round this turdberg we're currently heading for.
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Ipswin |
December 24, 2020, 11:43am |
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We have a £1.5m salary cap that we've effectively spunked, so there's little room.for manouvreing round this turdberg we're currently heading for.
FFS we should be able to pay the bunch of shite we've currently got out of the club shop takings and still have change for a Fentyburger
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Humbercod |
December 24, 2020, 11:47am |
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I absolutely have a problem with Fenty wanting his money back. Because it's his incompetence that created most of this debt, not ITV Digital or three-crested newts, but this club losing its football league status under his watch. The man's hubris and lack of self awareness is just gobsmacking.
Eh the club was saddled with debt when he stepped in!! I’m not defending Fenty’s reign but let’s stick to the facts, there wasn’t many people including yourself I guess that were prepared to step in and keep the club alive, this gets conveniently forgotten.
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Stranger in the Park |
December 24, 2020, 11:57am |
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I'm totally gobsmacked as to how nonchalant some people can be about other people's money. £1.5million is a colossal amount of money whatever your personal circumstances. To say you support the denial of a complete repayment as set out is ridiculous. John Fenty regardless of the club's position or status supported the club financially and made sure it was free of debt- no mean feat in itself. Regardless of your personal feelings for him, just what do you really know about Shutes & Co. So far , it seems to me that he has a reluctance to prove that he has the necessary available and that he is only interested really in any spin-off redevelopment, which apparently is his means of income. Be wary of what you wish for. I do believe that it's in everyone's interest that JF should move on due to the hostility towards him but by the same token, there is no excuse for not repaying him as without his financial support we would have possibly sunk out of sight. Let's not forget that most of his predecessors were not that popular as well (it's a thankless job in honesty).
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MuddyWaters |
December 24, 2020, 11:57am |
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Eh the club was saddled with debt when he stepped in!! I’m not defending Fenty’s reign but let’s stick to the facts, there wasn’t many people including yourself I guess that were prepared to step in and keep the club alive, this gets conveniently forgotten.
It was, of course, his choice. Nobody else's. Since then, he's always had to blame someone or something else. Never his fault.
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davmariner |
December 24, 2020, 11:59am |
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I'm totally gobsmacked as to how nonchalant some people can be about other people's money. £1.5million is a colossal amount of money whatever your personal circumstances. To say you support the denial of a complete repayment as set out is ridiculous. John Fenty regardless of the club's position or status supported the club financially and made sure it was free of debt- no mean feat in itself. Regardless of your personal feelings for him, just what do you really know about Shutes & Co. So far , it seems to me that he has a reluctance to prove that he has the necessary available and that he is only interested really in any spin-off redevelopment, which apparently is his means of income. Be wary of what you wish for. I do believe that it's in everyone's interest that JF should move on due to the hostility towards him but by the same token, there is no excuse for not repaying him as without his financial support we would have possibly sunk out of sight. Let's not forget that most of his predecessors were not that popular as well (it's a thankless job in honesty).
So not move on because he’s incompetent, but because fans don’t like him? Give your head a wobble. He’s toxic because he’s an incompetent narcissist.
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MuddyWaters |
December 24, 2020, 12:06pm |
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Barley Wine Drinker
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I'm totally gobsmacked as to how nonchalant some people can be about other people's money. £1.5million is a colossal amount of money whatever your personal circumstances. To say you support the denial of a complete repayment as set out is ridiculous. John Fenty regardless of the club's position or status supported the club financially and made sure it was free of debt- no mean feat in itself. Regardless of your personal feelings for him, just what do you really know about Shutes & Co. So far , it seems to me that he has a reluctance to prove that he has the necessary available and that he is only interested really in any spin-off redevelopment, which apparently is his means of income. Be wary of what you wish for. I do believe that it's in everyone's interest that JF should move on due to the hostility towards him but by the same token, there is no excuse for not repaying him as without his financial support we would have possibly sunk out of sight. Let's not forget that most of his predecessors were not that popular as well (it's a thankless job in honesty).
Yes, it's a thankless task if you stack up substantial losses, get your club relegated by poor appointments, don't get promoted when you go back on a deal with your manager, fall out with the local radio, renege on deals with top players (Vernam, Amond, Coyne), blame everyone else. Simply put, JF has had nearly 2 decades to leave a legacy. Look at it.
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immariner |
December 24, 2020, 12:06pm |
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Eh the club was saddled with debt when he stepped in!! I’m not defending Fenty’s reign but let’s stick to the facts, there wasn’t many people including yourself I guess that were prepared to step in and keep the club alive, this gets conveniently forgotten.
We'll never actually know what would have happened, so whilst having respect for Fenty's initial involvement, I don't swallow that everythimg that came after that should be considered as Fenty's benevolent philanthropy, rather than his impotent stewardship. He decided to cover those losses, losses signed off by him, as cutesie little "benign" loans, when he could have covered the shortfall by invessting in shares instead. And intercourse off with the sanctimony. We've all stepped in over Fenty's tenure in our own ways, probably stretching into 5 figures for most of us. Fenty wants to walk away at the end of this, having recouped essentially everything. I'm not having it.
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aldi_01 |
December 24, 2020, 12:18pm |
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I'm totally gobsmacked as to how nonchalant some people can be about other people's money. £1.5million is a colossal amount of money whatever your personal circumstances. To say you support the denial of a complete repayment as set out is ridiculous. John Fenty regardless of the club's position or status supported the club financially and made sure it was free of debt- no mean feat in itself. Regardless of your personal feelings for him, just what do you really know about Shutes & Co. So far , it seems to me that he has a reluctance to prove that he has the necessary available and that he is only interested really in any spin-off redevelopment, which apparently is his means of income. Be wary of what you wish for. I do believe that it's in everyone's interest that JF should move on due to the hostility towards him but by the same token, there is no excuse for not repaying him as without his financial support we would have possibly sunk out of sight. Let's not forget that most of his predecessors were not that popular as well (it's a thankless job in honesty).
Your Fenty sized present under your tree must be flipping enormous...
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| 'the poor and the needy are selfish and greedy'...well done Mozza |
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