Article from Tellywag

Quoted from mimma

Remember that these accounts relate to last year, most of which was still under Fenty's stewardship. Any money that has been spent/raised this year will show up in next years accounts. So, we will have a better idea of what the new regime are spending and where then.

If they choose to publish the accounts next year that is. They don't have to anymore. Great PR to publish the books when we run at a profit regardless of whether that was down to them or not, will be interesting to see if they do the same this time next year when we've made a loss.

Quoted from Meza

I find it really odd that some fans are so adamant that they want to see everything the new owners have done or are doing, like as if they are the main stake holder / owner and must be in the know.  Did you demand the same from JF?  

Stop trying to poke the new owners with the sh*t stick on anything they do, its getting really boring now.  

Just accept we are in a better place and would never go under, JF didnt give a crap about GTFC (depsite his claims) anyone who puts in 30K to takes away 1.5 Mill is not looking at GTFC interest but his own.

Just let the new owners get on with it.

I’m pretty sure that they’ve stated in various interviews that they intend to be transparent with the fans.

Quoted from MuddyWaters

I’m pretty sure that they’ve stated in various interviews that they intend to be transparent with the fans.

Increased attendances above Budget , Dembele sale . No evidence of money splashed on players. Would be very suprised if there isn’t a profit this year regardless of where we finish and  I haven’t forgotten the infrastructure spend.

Quoted from HerveJosse

Increased attendances above Budget , Dembele sale . No evidence of money splashed on players. Would be very suprised if there isn’t a profit this year regardless of where we finish and  I haven’t forgotten the infrastructure spend.

Well John McAtee went to tribunal: [url]https://www.grimsbytelegraph.co.uk/sport/football/football-news/grimsby-town-scunthorpe-mcatee-tribunal-5981660[/url]

Funding is reduced, every penny received in transfer income is straight out of the business and £500k has been paid towards Fenty. Those extra gate receipts cover a good proportion of that Fenty installment.

Unsure which accounting period the sprinklers and glass barrier fall in but without that, we have a few new non-playing staff, a large proportion of our recruitment has come from the league and we've also been paying Montel Gibson, Ira Gibson and Filipe Morais who Hurst put in a separate group. They all left by mutual consent so how much of a good deal we got there I don't know but it's still 3 players we've paid a wage to for periods of this season that weren't ever going to play. Oh and there's Danny Rose who is still on the payroll although Darlington are hopefully paying something towards his wages now.

I'd say the wage bill is probably higher than last season but we will have to see next year.

Quoted from jamesgtfc

Well John McAtee went to tribunal: [url]https://www.grimsbytelegraph.co.uk/sport/football/football-news/grimsby-town-scunthorpe-mcatee-tribunal-5981660[/url]

Funding is reduced, every penny received in transfer income is straight out of the business and £500k has been paid towards Fenty. Those extra gate receipts cover a good proportion of that Fenty
Unsure which accounting period the sprinklers and glass barrier fall in but without that, we have a few new non-playing staff, a large proportion of our recruitment has come from the league and we've also been paying Montel Gibson, Ira Gibson and Filipe Morais who Hurst put in a separate group. They all left by mutual consent so how much of a good deal we got there I don't know but it's still 3 players we've paid a wage to for periods of this season that weren't ever going to play. Oh and there's Danny Rose who is still on the payroll although Darlington are hopefully paying something towards his wages now.

I'd say the wage bill is probably higher than last season but we will have to see next year.

Loan repayments are not expenses in the profit and loss account.

Quoted from HerveJosse

Loan repayments are not expenses in the profit and loss account.

We will see. The owners have said many times that they expect to make a substantial loss over the next couple of years.

The problem with saying you're going to be transparent is that you can always be more transparent. They've kept up the level of detail in the accounts yet some people are saying it was so easy to do that because these accounts aren't really theirs but at least wait until the accounts aren't detailed to dig that knife in.

Today we had it said on here that the board have stopped the team staying overnight. Well pre-season included a week at a prestigious venue in Cheshire, training videos have been held at various grounds on the way to away games the day before and, in Fentys' last set of accounts team travel and accommodation reduced despite us playing more games!