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Could we not take over?

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Stew0_0
December 24, 2020, 5:53pm
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Could us fans take over the club with the help of the mariners trust.
Lincoln moved forward with a fans owned club. Why not us?
We've shown in the past when the money is needed for anything we can collectively raise it. We can elect our own people to take care of the financial obligations and this would ensure more than ever that the club is our own community and say good riddens to the current greed and gentlemans club that is our current board.
I know it will be harder than it seems but can it be done
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Madeleymariner
December 24, 2020, 5:54pm

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If we can raise over £2million between us not a problem.
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Swansea_Mariner
December 24, 2020, 5:57pm
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I think it could be done but it's no quick fix, I honestly think it's a few years hard slog.

Anyone on here an expert on company structures that could be used as a vehicle for this?
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ginnywings
December 24, 2020, 6:12pm

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I've always wanted a fan owned club and would help In any way I could. Would put money in a start up fund and a monthly direct debit.

The stumbling block is the initial capital. Most fan owned clubs come about when no one else comes forward and they don't have to buy out the incumbent.
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Swansea_Mariner
December 24, 2020, 6:29pm
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That's what I mean about it being a long slog Ginny,  given that he wants every penny back I think realistically it'll take a good few years to put that sort of money together.

Doable though in the medium term, call it something like GTFC2025. Set out a vision and a membership charter, paid membership subscription equating to equity in the new venture.  Spend the next few years fund raising and trying to raise the profile. Then eventually, buy Fenty out.

I'll be pleasantly surprised if Shutes and co move forwards but I don't think they will now.

The alternative.... we support JFFC, might as well call it that because  I can't ever see him getting his money back and in another 17 years we will be in exactly the same place we are now.
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Bigdog
December 24, 2020, 6:35pm
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Quoted from Madeleymariner
If we can raise over £2million between us not a problem.


£2.4m JF pay off plus working capital and a slush fund for a downturn in fortunes.. more like a minimum of £4m..

It's a no from me I'm afraid. New training ground, new stadium etc etc etc
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Ipswin
December 24, 2020, 6:36pm
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Oh dear, another Christmas Eve drunk


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GrimRob
December 24, 2020, 6:42pm

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mimma
December 24, 2020, 7:26pm
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You can't run a football club by committee,  it just wouldn't work. Elect aboard of directors who are answerable to the fans would be chaos. You only have to look at the differing views on here to gauge how difficult it would be to run the club. Loose a game and the knives would be out. And then there's the small matter of money, who pays what, etc etc.
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ginnywings
December 24, 2020, 7:32pm

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Newport manage it.

Wonder how they are doing?
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