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£200,000

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KingstonMariner
December 26, 2020, 7:12pm
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The amount Fenty should reduce his price by or give those shares back to the Trust.

Do the right thing John. You might never get another chance.


Through the door there came familiar laughter,
I saw your face and heard you call my name.
Oh my friend we're older but no wiser,
For in our hearts the dreams are still the same.
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Limerick Mariner
December 27, 2020, 12:38am
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Actually this is the amount I worked out that all of JSF's shares are worth based upon GTFC accounts. He has 41% of the total paid share capital in total, accumulated shareholders losses are something over £2 million, so his share of losses is £800k (this is money lost - gone for good he cannot recoup it, he is not owed it) which makes his shares stand at £200k in the accounts (at best), add his debt at £1.5 million and he has £1.7 million of the clubs capital. The consortium have offered to pay him £2.5 million, about £1 million now and £1.5 million over 3 years. His overall return over 3 years for his debt investment will be over 50%, somewhat better than the best pension fund performances at the moment.  
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bawarmy
December 27, 2020, 12:46am
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Can we also take £6k off for all the games he attended over the last 15 years. I’m guessing he never paid to get in like the rest of us.
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ginnywings
December 27, 2020, 12:48am

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Quoted from bawarmy
Can we also take £6k off for all the games he attended over the last 15 years. I’m guessing he never paid to get in like the rest of us.


6K? Have you seen the price of an executive pass?
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Marinerz93
December 27, 2020, 12:49am

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Fenty return the 200k worth of shares back to the trust.


Supporting the Mighty Mariners for over 30 years, home town club is were the heart and soul is and it's great to be a part of it.

Jesus’ disciple Peter, picked up a fish to get the tribute money from it, Jesus left his thumb print on the fish, bless'ed is the Haddock.
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bawarmy
December 27, 2020, 12:50am
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Quoted from ginnywings


6K? Have you seen the price of an executive pass?


I was being generous and saying what the average fan will have paid. What should we demand back?

My 1000th post btw.  So thanks for the Red Cross
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davmariner
December 27, 2020, 12:51am
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I just want him to intercourse off to be honest and not come back. Keep the £200,000 if you’re able to sleep at night. Lifetime ban from BP should follow.


Up The Mariners!
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aldi_01
December 27, 2020, 8:38am

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Quoted from davmariner
I just want him to intercourse off to be honest and not come back. Keep the £200,000 if you’re able to sleep at night. Lifetime ban from BP should follow.


No need, he so t return after he’s eventually gone...was barely there before he owned it...he’d have no reason to be there after...


'the poor and the needy are selfish and greedy'...well done Mozza
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immariner
December 27, 2020, 12:08pm
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Quoted from Limerick Mariner
Actually this is the amount I worked out that all of JSF's shares are worth based upon GTFC accounts. He has 41% of the total paid share capital in total, accumulated shareholders losses are something over £2 million, so his share of losses is £800k (this is money lost - gone for good he cannot recoup it, he is not owed it) which makes his shares stand at £200k in the accounts (at best), add his debt at £1.5 million and he has £1.7 million of the clubs capital. The consortium have offered to pay him £2.5 million, about £1 million now and £1.5 million over 3 years. His overall return over 3 years for his debt investment will be over 50%, somewhat better than the best pension fund performances at the moment.  


Are you an accountant Limerick? If what you've said about his shares being worth 20p a unit is the case, the offer he's been given is beyond generous.
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FishOutOfWater
December 27, 2020, 1:07pm
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Quoted from KingstonMariner
The amount Fenty should reduce his price by or give those shares back to the Trust.

Do the right thing John. You might never get another chance.


I do wonder who the four are KM who disagree with you  ( x ) that he shouldn't give those shares back to the Trust

They must have their reasons but I can't help but ask why?  
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