Calculate the interest

Quoted from Fillipe Noche

Look it matters not who I am. Just like many, if not most of the people on here, I’m an ordinary Grimsby Town fan.

I’m appreciative of the incumbent owner for keeping the club I love going. I would be equally appreciative of anyone else who comes in and takes over. As long as they are doing it for the right reasons and that they will support the club on a sound financial footing, as equally well as what John Fenty has.

Let’s hope for a conclusion to all of this soon, in order that these distractions can be put behind us, and let’s hope for a good managerial appointment to improve our fortunes on the pitch.

#UTM

Phil, give it a rest for abit eh?! You’re making yourself look very foolish.

Two points from the original post,

Money from his own pocket.... ..
..this comes up quite alot in defence of JF.....when in reality, if he is after every penny back then he hasnt took anything out of his pocket has he?  Well, ok yes he has........but now he's putting it back.

Where will the loans sit....will they be paid off with their own funds...or just loaned against the club? This is really the only point of value you make, it's a very good point. Will we now have a loan to pay to interest on , interest free loan, or a.n other.

Hopefully the trust may be able to keep us informed on this but I am hopeful that with JF gone overall business will improve, commercial nouse will improve , ticket sales will rise and the club would be in an overall commercially better off position to pay back anyway.

Quoted from Henryscat

Fillipe knows an awful lot for someone who only moved to the area in July 2019

He never responded to this and now he’s gone. J’accuse Phillip. J’accuse.

Out of interest, was the Alex May investment also going to be a loan requiring interest payments?
I assume (correct me if wrong) that he couldnt buy £1m in shares without triggering article 15 or whichever it is to buy out the rest of the shares.
This must have been known by someone at the club.
Shyster meets Shylock, i'm just unsure which is which

Quoted from StaffsMariner

Out of interest, was the Alex May investment also going to be a loan requiring interest payments?
I assume (correct me if wrong) that he couldnt buy £1m in shares without triggering article 15 or whichever it is to buy out the rest of the shares.
This must have been known by someone at the club.
Shyster meets Shylock, i'm just unsure which is which

We would have owned around 29.5% of the shares, so just under the threshold to trigger the buyout clause.  

Quoted from MarinerDevil

We would have owned around 29.5% of the shares, so just under the threshold to trigger the buyout clause.  

We? Hi Alex!

Quoted from Henryscat

We? Hi Alex!

Err, haha, whoops.  

On an unrelated note, do you need a retirement plan?  Give me a call.

Quoted from IlkleyMariner

I have supported Town for over 60 years and seen them play at over 80 different grounds, including of course blundell park, where I have been, although currently not a season ticket holder for years.

Sorry. My comment was aimed at Felipe Fentynista.