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Really wish people would stop getting peoples hopes up for days on end. Even JT’s tweet was annoying to read yesterday, it’s great that it MIGHT be done but why tweet anything until it’s done. Fans have been indoors without much human interaction for a year without that much hope in sight of when that’ll end, our football team is absolutely shite yet people on Twitter fancy being the first to the headlines by getting people excited only to be let down when it doesn’t happen that day.

We’re all getting a bit impatient with it and I’m sure it’ll happen, but let’s just wait for the announcement

Quoted from pontoonlew

Really wish people would stop getting peoples hopes up for days on end. Even JT’s tweet was annoying to read yesterday, it’s great that it MIGHT be done but why tweet anything until it’s done. Fans have been indoors without much human interaction for a year without that much hope in sight of when that’ll end, our football team is absolutely shite yet people on Twitter fancy being the first to the headlines by getting people excited only to be let down when it doesn’t happen that day.

We’re all getting a bit impatient with it and I’m sure it’ll happen, but let’s just wait for the announcement

Absolutely mirrors my own thoughts as I said in an earlier post...

I am lead to believe from a very reliable source, and no I won't reveal who, that part of the delay is contacting all the shareholders individually. Now I don't know how many there are but judging by the posters on here there are quite a few who only hold a small number of shares. Add that to the shareholders who don't post on The Fishy and you could have quite a lot of shareholders to contact. Then you have to wait for replies, with the distinct possibility that some may have passed away and relatives unaware that they held shares in GTFC.

Quoted from rancido

I am lead to believe from a very reliable source, and no I won't reveal who, that part of the delay is contacting all the shareholders individually. Now I don't know how many there are but judging by the posters on here there are quite a few who only hold a small number of shares. Add that to the shareholders who don't post on The Fishy and you could have quite a lot of shareholders to contact. Then you have to wait for replies, with the distinct possibility that some may have passed away and relatives unaware that they held shares in GTFC.

What are shareholders being asked for and what replies are needed?

Quoted from rancido

I am lead to believe from a very reliable source, and no I won't reveal who, that part of the delay is contacting all the shareholders individually. Now I don't know how many there are but judging by the posters on here there are quite a few who only hold a small number of shares. Add that to the shareholders who don't post on The Fishy and you could have quite a lot of shareholders to contact. Then you have to wait for replies, with the distinct possibility that some may have passed away and relatives unaware that they held shares in GTFC.

I’m a modest shareholder and have had no contact with the club.

Quoted from rancido

I am lead to believe from a very reliable source, and no I won't reveal who, that part of the delay is contacting all the shareholders individually. Now I don't know how many there are but judging by the posters on here there are quite a few who only hold a small number of shares. Add that to the shareholders who don't post on The Fishy and you could have quite a lot of shareholders to contact. Then you have to wait for replies, with the distinct possibility that some may have passed away and relatives unaware that they held shares in GTFC.

Surely we’ve got a big red book with all their fax numbers scribbled in pencil?

Quoted from rancido

I am lead to believe from a very reliable source, and no I won't reveal who, that part of the delay is contacting all the shareholders individually. Now I don't know how many there are but judging by the posters on here there are quite a few who only hold a small number of shares. Add that to the shareholders who don't post on The Fishy and you could have quite a lot of shareholders to contact. Then you have to wait for replies, with the distinct possibility that some may have passed away and relatives unaware that they held shares in GTFC.

According to companies house on the 2nd Nov, there are 1,817 shareholders holding a various amount of shares. If these have to be contacted then it could take a long time.

Quoted from Tinymariner

We just know that they will release the details and confirmation on April 1st!

With an article that morning in the Telegraph quoting that as part of the deal the Dock Tower is to be demolished and replaced with a 309ft high cardboard cutout of Mr Fenty :)

Quoted from Fillipe Noche

https://www.argos.co.uk/browse/home-and-furniture/storage/moving-house-packs-and-bubble-wrap/c:29595/

Reasonable?

Does this post mean that you (Fillipe Noche) are leaving (as in moving home)? I am sure many on here will be interested to know.

Quoted from IlkleyMariner

I’m a modest shareholder and have had no contact with the club.

I believe it was arrogant and assertive shareholders first

Quoted from WOZOFGRIMSBY

I believe it was arrogant and assertive shareholders first

Quoted from rancido

I am lead to believe from a very reliable source, and no I won't reveal who, that part of the delay is contacting all the shareholders individually. Now I don't know how many there are but judging by the posters on here there are quite a few who only hold a small number of shares. Add that to the shareholders who don't post on The Fishy and you could have quite a lot of shareholders to contact. Then you have to wait for replies, with the distinct possibility that some may have passed away and relatives unaware that they held shares in GTFC.

You have a p.m.

Quoted from forza ivano

You have a p.m.

You intrigue me Forza....you generally get a sniff of things going on then pm someone with a bit of inside knowledge, I'm contacting MI6 as we speak!..🤔🤔🤔🤭

Pretty sure they are taking on the amount of shares that tips them over the limit of then having to offer to purchase other shares.......read something indicating that in the trust minutes....so perhaps that is what's happening. ....

Or they are delaying until we are safe or relegated so they can either claim credit or be absolved of any blame

Quoted from forza ivano

You have a p.m.

He still won't tell you ;D

Quoted from grimsby pete

He still won't tell you ;D

https://www.bing.com/images/search?view=detailV2&ccid=UHFVR1sJ&id=2282F4AB8F397993C8B8C5A96F69E87F515B457B&thid=OIP.UHFVR1sJExSJv8PzR6Jy9QAAAA&mediaurl=https%3a%2f%2fmedia.tenor.co%2fimages%2f507155475b09131489bfc3f347a272f5%2fraw&exph=344&expw=472&q=winking+gif&simid=608034491487495904&ck=60C252E7083BD11CBB858386FE0FD2FF&selectedIndex=1&FORM=IRPRST&ajaxhist=0

Quoted from rancido

I am lead to believe from a very reliable source, and no I won't reveal who, that part of the delay is contacting all the shareholders individually. Now I don't know how many there are but judging by the posters on here there are quite a few who only hold a small number of shares. Add that to the shareholders who don't post on The Fishy and you could have quite a lot of shareholders to contact. Then you have to wait for replies, with the distinct possibility that some may have passed away and relatives unaware that they held shares in GTFC.

Surely the club would just call an EGM for this matter?

Quoted from promotion plaice

With an article that morning in the Telegraph quoting that as part of the deal the Dock Tower is to be demolished and replaced with a 309ft high cardboard cutout of Mr Fenty :)

Remember the Burning Man film.....

Quoted from rancido

I am lead to believe from a very reliable source, and no I won't reveal who, that part of the delay is contacting all the shareholders individually. Now I don't know how many there are but judging by the posters on here there are quite a few who only hold a small number of shares. Add that to the shareholders who don't post on The Fishy and you could have quite a lot of shareholders to contact. Then you have to wait for replies, with the distinct possibility that some may have passed away and relatives unaware that they held shares in GTFC.

They have to make an offer for all shares because they'll be over the threshold to trigger that. But they don't need to do that until after they've bought the controlling stake. It wouldn't even make sense to contact them before the deal goes through. No need to wait for replies, there's a time limit by which somebody has to reply to accept it.

If we wait for replies from all of them then it will never ever be because they aren't going to get replies from those who have since passed away, and even those alive not all of them will reply

I seem to recall in Mr Shutes original statement, he said that he/they would get the majority shareholding, and then would also purchase any other shareholders shares if they wanted to sell them, thus covering all bases.

Quoted from Davec

If we wait for replies from all of them then it will never ever be because they aren't going to get replies from those who have since passed away, and even those alive not all of them will reply

Come back same time tomorrow for more obvious stuff from Aaron.

Heard today are soon to be ex leader has bought a plot of land, building a house and soon to be a resident of Spain, 1 of the brothers may be off too, the bust one

Quoted from Supersixty

Heard today are soon to be ex leader has bought a plot of land, building a house and soon to be a resident of Spain, 1 of the brothers may be off too, the bust one

Lloret or Tossa?

Quoted from MarshMariner

No but we will never know if the budget may have been bigger... :)

So what you're saying is a "more than competitive" budget? ;)

Quoted from Knut Anders Fosters Voles

Lloret or Tossa?

I’m surprised you had to ask ......😂

Quoted from Knut Anders Fosters Voles

Lloret or Tossa?

Superb.

Wigan have had their takeover passed by the EFL and it took 3 weeks maximum.

We're still waiting.

Don’t believe it’s because they have to get in touch with all shareholders. This only applies when you go above 50%. Fenty’s shareholding is 40ish %. I don’t think any of the consortium have 10% already.

Fenty’s is deemed to control the club because of his loans.

So the consortium could buy out Fenty first then if they want control of the club by owning over 50% of the shares they would then, and only then have to offer to buy all the rest.

What we don’t know is if they are lending the club the money to pay off Fenty’s loans.

Quoted from KingstonMariner

Don’t believe it’s because they have to get in touch with all shareholders. This only applies when you go above 50%. Fenty’s shareholding is 40ish %. I don’t think any of the consortium have 10% already.

Fenty’s is deemed to control the club because of his loans.

So the consortium could buy out Fenty first then if they want control of the club by owning over 50% of the shares they would then, and only then have to offer to buy all the rest.

What we don’t know is if they are lending the club the money to pay off Fenty’s loans.

Currently there are £2,379,900 of issued shares in GTFC. Fenty owns £975,000 of those shares which equates to 40.97%.

My understanding (from what I've been told) is that the new owners are obliged to also buy all the shares belonging to Chapman (£500), Day (£2,950) & Marley (£4,100) unless any of the trio want to retain any/all of their shares. I'm not sure if they are obliged to buy Ian Holloway's £500 of shares or not.

I have no idea whether they will also try to buy the £500,000 of shares owned by Mike Parker or whether he would sell if they did approach him, but I was told there's no legal obligation.

Paying off the directors loans will of course go through the books for tax purposes. It will add to the historic losses on the club account and potentially avoid paying tax if the club ever becomes profitable to the point that historic losses have turned into historic profit.

It doesn't really matter how that money is put into the club. Loan or additional share purchases. As I pointed out previously every other owner in football treat loans they make to their club as the same as the bank of mum and dad- i.e. a gift rather than something that needs to be repaid. They are kept on the books until the owner sells the club and at that point they are written off.

The previous owner of Wigan has written off a debt of £35 million to facilitate them exiting administration and being sold to a new owner- had he not done that Wigan would have had to agree to repay 25% of what was owed (£8.75 million) to him by a CVA or face another point deduction. Obviously that debt would have made it impossible to sell Wigan Athletic as a going concern. Who would buy a L1/L2 club with a CVA of £10 million or so to be serviced?

We owe directors £1,550,000. I was told that £1,500,000 is owed to Fenty, £25,000 is owed to Day and £25,000 to others (I presume to Marley and/or Chapman).

Financing the repayment of Fenty's (and other director's) "benign" loans will probably be split between additional share purchases (to allow new owners to control over 50% of the club) and new loans to the club.

Re: timing of when the deal will be finalised...

Why would the consortium be in a huge rush now? They are talking to Hurst and putting things in place in regards budgets for next season & improvements to the training ground.

If I were them I'd be quite happy to wait until our fate (if we are to be relegated) is sealed this season. Make Fenty own the relegation 100%. If they bought the club now some people would give them a portion of the blame.

Quoted from KingstonMariner

Don’t believe it’s because they have to get in touch with all shareholders. This only applies when you go above 50%. Fenty’s shareholding is 40ish %. I don’t think any of the consortium have 10% already.

Fenty’s is deemed to control the club because of his loans.

So the consortium could buy out Fenty first then if they want control of the club by owning over 50% of the shares they would then, and only then have to offer to buy all the rest.

What we don’t know is if they are lending the club the money to pay off Fenty’s loans.

It's 30%. https://www.thetakeoverpanel.org.uk/the-code/download-code

Quoted Text

When a person or group acquires interests in shares carrying 30% or more of the voting rights of a company, they must make a cash offer to all other shareholders at the highest price paid in the 12 months before the offer was announced (30% of the voting rights of a company is treated by the Code as the level at which effective control is obtained).

Quoted from GollyGTFC

Currently there are £2,379,900 of issued shares in GTFC. Fenty owns £975,000 of those shares which equates to 40.97%.

My understanding (from what I've been told) is that the new owners are obliged to also buy all the shares belonging to Chapman (£500), Day (£2,950) & Marley (£4,100) unless any of the trio want to retain any/all of their shares. I'm not sure if they are obliged to buy Ian Holloway's £500 of shares or not.

I have no idea whether they will also try to buy the £500,000 of shares owned by Mike Parker or whether he would sell if they did approach him, but I was told there's no legal obligation.

Paying off the directors loans will of course go through the books for tax purposes. It will add to the historic losses on the club account and potentially avoid paying tax if the club ever becomes profitable to the point that historic losses have turned into historic profit.

It doesn't really matter how that money is put into the club. Loan or additional share purchases. As I pointed out previously every other owner in football treat loans they make to their club as the same as the bank of mum and dad- i.e. a gift rather than something that needs to be repaid. They are kept on the books until the owner sells the club and at that point they are written off.

The previous owner of Wigan has written off a debt of £35 million to facilitate them exiting administration and being sold to a new owner- had he not done that Wigan would have had to agree to repay 25% of what was owed (£8.75 million) to him by a CVA or face another point deduction. Obviously that debt would have made it impossible to sell Wigan Athletic as a going concern. Who would buy a L1/L2 club with a CVA of £10 million or so to be serviced?

We owe directors £1,550,000. I was told that £1,500,000 is owed to Fenty, £25,000 is owed to Day and £25,000 to others (I presume to Marley and/or Chapman).

Financing the repayment of Fenty's (and other director's) "benign" loans will probably be split between additional share purchases (to allow new owners to control over 50% of the club) and new loans to the club.

They can't force the purchase, and I can't imagine they want to. But I also think Parker will be very happy to get an offer for a big chunk of money back.

Quoted from GollyGTFC

Currently there are £2,379,900 of issued shares in GTFC. Fenty owns £975,000 of those shares which equates to 40.97%.

My understanding (from what I've been told) is that the new owners are obliged to also buy all the shares belonging to Chapman (£500), Day (£2,950) & Marley (£4,100) unless any of the trio want to retain any/all of their shares. I'm not sure if they are obliged to buy Ian Holloway's £500 of shares or not.

I have no idea whether they will also try to buy the £500,000 of shares owned by Mike Parker or whether he would sell if they did approach him, but I was told there's no legal obligation.

Paying off the directors loans will of course go through the books for tax purposes. It will add to the historic losses on the club account and potentially avoid paying tax if the club ever becomes profitable to the point that historic losses have turned into historic profit.

It doesn't really matter how that money is put into the club. Loan or additional share purchases. As I pointed out previously every other owner in football treat loans they make to their club as the same as the bank of mum and dad- i.e. a gift rather than something that needs to be repaid. They are kept on the books until the owner sells the club and at that point they are written off.

The previous owner of Wigan has written off a debt of £35 million to facilitate them exiting administration and being sold to a new owner- had he not done that Wigan would have had to agree to repay 25% of what was owed (£8.75 million) to him by a CVA or face another point deduction. Obviously that debt would have made it impossible to sell Wigan Athletic as a going concern. Who would buy a L1/L2 club with a CVA of £10 million or so to be serviced?

We owe directors £1,550,000. I was told that £1,500,000 is owed to Fenty, £25,000 is owed to Day and £25,000 to others (I presume to Marley and/or Chapman).

Financing the repayment of Fenty's (and other director's) "benign" loans will probably be split between additional share purchases (to allow new owners to control over 50% of the club) and new loans to the club.

If I’m reading what you say correctly you’re saying the consortium are just playing off Fenty’s loan with another loan if it sits on the balance sheet?

Though the bit I’m not getting is if this isn’t going through the P&L how can it add to the historic losses? A refinancing package doesn’t usually impact profit in that direct manner.

Either way it will happen when it happens and when it does we’ll be rid of the shackles that have held us back.

I’m not expecting for a minute that the consortium will throw barrow loads of cash at this as in reality sustainable growth has to be the way forward for now I’ll just be happy with some fresh ideas, ambition, positive engagement and people in charge who are not complete narcissists.

Replacing one loan with another would have no P+L or tax impact.

If the club issued more shares, (assuming they have sufficient authorised unissued share capital) the funds could then be used to repay the loans with no tax consequences.

So the cleanest way around this I would think is for the consortium to subscribe for £1.5m additional shares , the proceeds of which allow the club to repay Fenty's loans. That together with the shares they buy direct from Fenty, will give them a majority shareholding even if no other shareholders sell to them.

Quoted from JMT

It's finally happening.. the start of a new era for this club is soon to come.

[tweet]1376481166975512580[/tweet]

I don't do Twitter, anymore been said on there about this ?

Quoted from promotion plaice

I don't do Twitter, anymore been said on there about this ?

nothing else P.P.
suspect that we won't hear anything official this week . Think they will want to find the best time to announce it and make a big a splash as possible.
Wednesday next week could be a goer. it's the start of the new financial year, the Easter matches will be behind us, and of course, we could almost be dead and buried by this time next week
Golly's thought that they might wait until relegation is confirmed is an interesting one; especially if Fenty has been playing silly beggars.
Let him take 'ownership' of this season's debacle and he will bow out with his only legacy being 2 relegations to non league hell

We all ask for some gems of hope as to when our plight under Fenty will end. Anything will do to ease our mind that Fenty's disastrous stewardship will end.

JT tried to provide that on Monday presumably with some sort of info he had. About 2 weeks ago, or more, somebody else told us to get the champagne in it was all going to change that week.

The only real information we have gleaned from various forumites is that the i's have been dotted and t's crossed. It is up to the consortium when they sign off Fenty and for whatever reason for the delay, we have to trust them.

Quoted from forza ivano

Golly's thought that they might wait until relegation is confirmed is an interesting one; especially if Fenty has been playing silly beggars.
Let him take 'ownership' of this season's debacle and he will bow out with his only legacy being 2 relegations to non league hell

Is there really one single fan out there (apart from the Fenty clan) that wouldn’t blame Fenty if we do get relegated. Even if the takeover was announced today ?

We all know where the blame lies.

We all know where the blame lies, but average Joe in the street might not. Don’t forget that a significant number of people on here STILL think the sun shines out of Fenty’s ringpiece.

Wouldn’t be a good look for the consortium if the Telegraph front page is “GTFC sold to new owners” one week, then “GTFC relegated to conference” two weeks later.

Don’t think that’s the reason behind the delay, but certainly wouldn’t blame the consortium for waiting until we know where we are next year. Surely changes the whole approach to initial announcements.

I suspect they are waiting in order for fenty to take full responsibility for our impending relegation again to nonleague. It makes sense, it stops them having any responsibility for fentys epic incompetence and mismanagement impacting on their fresh start, and its what i would do in their place.

Quoted from toontown

I suspect they are waiting in order for fenty to take full responsibility for our impending relegation again to nonleague.

Hell will freeze over before Fenty does that.

Quoted from Supersixty

Heard today are soon to be ex leader has bought a plot of land, building a house and soon to be a resident of Spain, 1 of the brothers may be off too, the bust one

Let's hope he gets his paperwork in order!

https://www.dailymail.co.uk/news/article-9422293/Alicante-officials-refuse-let-dozens-Britons-Spain.html

Ian Blakemore who is the Admin on Facebook's GTFC Praise & Grumble site just posted that we could be hearing good news today or tomorrow. Don't think he's a bulllshitter so fingers crossed.
Among the many comments are some interesting ones by a Mike Taylor (don't know who he is, but seems to know some stuff)

Mike Taylor
no, but he isn't leaving 100%

Mike Taylor
It's Friday. The takeover is complete. Why though, have the trust 'gifted' shares to Fenty? I thought most were hoping the takeover would be the end of him. Obviously not. The question exists though - why?

Simon Sos West
Mike
will the board room be much different ?

Mike Taylor
Simon Sos West
I have no idea, but all staff behind the scenes are being retained. The club won't change that much imo. It needs a complete clearout inside out. Not only the players should be blamed for the infestation of complacency and arrogance, this has all contributed to the club being non league - not once, but nearly twice. Sorry but the fans' dreams are just that

Ian Blakemore
Author
Admin
Mike Taylor
the club are never going to get rid of all the staff, it is un realistic plus unfair dismissal etc.
The new board instead will e able to encourage and develop different working approaches and methods.
If he keeps those shares, the trust gave for a board position, then surely they belong to club and not JF as he wasn't the owner of the club but just the majority shareholder.
Though lets get take over and enjoy it then, if JF is still on the scene we can aim our thoughts towards him.

if he's right (and my info is that he is) then Fenty is keeping hold of the 200,000 Trust shares, presumably in order to retain a 'presence' and , he no doubt hopes, some influence

Quoted from forza ivano

Ian Blakemore who is the Admin on Facebook's GTFC Praise & Grumble site just posted that we could be hearing good news today or tomorrow. Don't think he's a bulllshitter so fingers crossed.
Among the many comments are some interesting ones by a Mike Taylor (don't know who he is, but seems to know some stuff)

Mike Taylor
no, but he isn't leaving 100%

Mike Taylor
It's Friday. The takeover is complete. Why though, have the trust 'gifted' shares to Fenty? I thought most were hoping the takeover would be the end of him. Obviously not. The question exists though - why?

Simon Sos West
Mike
will the board room be much different ?

Mike Taylor
Simon Sos West
I have no idea, but all staff behind the scenes are being retained. The club won't change that much imo. It needs a complete clearout inside out. Not only the players should be blamed for the infestation of complacency and arrogance, this has all contributed to the club being non league - not once, but nearly twice. Sorry but the fans' dreams are just that

Ian Blakemore
Author
Admin
Mike Taylor
the club are never going to get rid of all the staff, it is un realistic plus unfair dismissal etc.
The new board instead will e able to encourage and develop different working approaches and methods.
If he keeps those shares, the trust gave for a board position, then surely they belong to club and not JF as he wasn't the owner of the club but just the majority shareholder.
Though lets get take over and enjoy it then, if JF is still on the scene we can aim our thoughts towards him.

if he's right (and my info is that he is) then Fenty is keeping hold of the 200,000 Trust shares, presumably in order to retain a 'presence' and , he no doubt hopes, some influence

Redundancies?

Quoted from forza ivano

Ian Blakemore who is the Admin on Facebook's GTFC Praise & Grumble site just posted that we could be hearing good news today or tomorrow. Don't think he's a bulllshitter so fingers crossed.
Among the many comments are some interesting ones by a Mike Taylor (don't know who he is, but seems to know some stuff)

Mike Taylor
no, but he isn't leaving 100%

Mike Taylor
It's Friday. The takeover is complete. Why though, have the trust 'gifted' shares to Fenty? I thought most were hoping the takeover would be the end of him. Obviously not. The question exists though - why?

Simon Sos West
Mike
will the board room be much different ?

Mike Taylor
Simon Sos West
I have no idea, but all staff behind the scenes are being retained. The club won't change that much imo. It needs a complete clearout inside out. Not only the players should be blamed for the infestation of complacency and arrogance, this has all contributed to the club being non league - not once, but nearly twice. Sorry but the fans' dreams are just that

Ian Blakemore
Author
Admin
Mike Taylor
the club are never going to get rid of all the staff, it is un realistic plus unfair dismissal etc.
The new board instead will e able to encourage and develop different working approaches and methods.
If he keeps those shares, the trust gave for a board position, then surely they belong to club and not JF as he wasn't the owner of the club but just the majority shareholder.
Though lets get take over and enjoy it then, if JF is still on the scene we can aim our thoughts towards him.

if he's right (and my info is that he is) then Fenty is keeping hold of the 200,000 Trust shares, presumably in order to retain a 'presence' and , he no doubt hopes, some influence

Not happy about this, thought we was getting rid of Fenty 100%!

Quoted from arryarryarry

Redundancies?

no, don't think so. i think it'll be a clean slate and people will be given a chance to shine. remember many of the employees have been there for years and have been dragged down by Fenty's regime. New bosses, anew approach, a new era, more investment, more professionalism will hopefully lead to many of them regaining their mojo. A happy workforce is going to be so much more productive.It's something Stockwood firmly believes in (have a look at his Twitter account)

Quoted from 123614

Not happy about this, thought we was getting rid of Fenty 100%!

unfortunately not, it seems. of course the consortium could issue new shares which would lead to a dilution of his % shareholding
I'm not sure if this could be done, but it does happen elsewhere in the city, and that is to issue a new shares which would be a different class of shares. Those with the new shares would have voting rights etc which would be denied to the old shareholders.It's ususally done the other way round i.e. the existing Board retain the shares with voting rights and then offers non voting rights shares to the institutions and private investors

If true, it may be that Fenty has decided it is not right to accept cash for shares he did not pay for. Instead he will simply hang on to them. But a small minority shareholding of that size would leave him with very little or any say in how things are run.

Quoted from forza ivano

no, don't think so. i think it'll be a clean slate and people will be given a chance to shine. remember many of the employees have been there for years and have been dragged down by Fenty's regime. New bosses, anew approach, a new era, more investment, more professionalism will hopefully lead to many of them regaining their mojo. A happy workforce is going to be so much more productive.It's something Stockwood firmly believes in (have a look at his Twitter account)

Apologies, I didn't make myself clear. I was referring to the comment that you copied that suggested "unfair dismissals" but making someone redundant would be unlikely to be classed as unfair dismissal.

Don’t understand what influence Fenty could possibly have by retaining the shares? Surely the new board members, assuming the three wise man take up positions on the board, could vote to remove him as a director, or would just vote him down whenever required?

He’d be left holding £200k of worthless shares with zero influence at all?

Plus I’m sure the previous statements confirmed an offer was accepted for his full shareholding?

Quoted from arryarryarry

Apologies, I didn't make myself clear. I was referring to the comment that you copied that suggested "unfair dismissals" but making someone redundant would be unlikely to be classed as unfair dismissal.

Yeah, he might be admin on a GTFC Facebook page but it doesn’t sound like he knows much about employment law.

Quoted from arryarryarry

Apologies, I didn't make myself clear. I was referring to the comment that you copied that suggested "unfair dismissals" but making someone redundant would be unlikely to be classed as unfair dismissal.

You can't make somebody redundant and then hire somebody else to do that role.

As for Mike Taylor, just sounds like an attention seeking gobshite. Why would Fenty keep any shares? They're worthless.

Quoted from ska face

Don’t understand what influence Fenty could possibly have by retaining the shares? Surely the new board members, assuming the three wise man take up positions on the board, could vote to remove him as a director, or would just vote him down whenever required?

He’d be left holding £200k of worthless shares with zero influence at all?

Plus I’m sure the previous statements confirmed an offer was accepted for his full shareholding?

That’s my understanding but if he was left with share why would they be worthless? If we made the move to a new ground where we could secure greater income I’d suggest they’d have some value.

Quoted from HertsGTFC

That’s my understanding but if he was left with share why would they be worthless? If we made the move to a new ground where we could secure greater income I’d suggest they’d have some value.

as i said its because he's an obnoxious individual who can't accept he's beaten. He will be there as a potentially malign influence.in fact i wouldn't mind betting, given his ego, that he wants to retain them so he could organise a Second Coming should the Triumverate feck up

Quoted from HertsGTFC

That’s my understanding but if he was left with share why would they be worthless? If we made the move to a new ground where we could secure greater income I’d suggest they’d have some value.

We're not a real PLC though. They're only worth what somebody will pay, and nobody needs them to gain control. The only way he makes money is if somebody buys the club for a stupid amount and has to offer the same amount to every shareholder. Which can be done without having to make that offer

Quoted from pen penfras

We're not a real PLC though. They're only worth what somebody will pay, and nobody needs them to gain control. The only way he makes money is if somebody buys the club for a stupid amount and has to offer the same amount to every shareholder. Which can be done without having to make that offer

Exactly what I meant I just thought I wouldn’t do it an a way that makes out a poster is stupid.

Not all purchasers of shares want control BTW.

Of course they’re not going to turn up and start just sacking people.

Firstly that’s just unfair, and from everything I hear and see of them they look to know their stuff. I’m sure they’ll come in and treat it as a clean slate and give everyone a fair chance - which is only right.

Staff behaviour follows the leadership it is shown. That leadership has come from John Fenty for 16 years..... I’ll leave you to work out if that’s a good example to have at the top, or not.

I wouldn't mind John Fenty still being a shareholder.

All I care about is that he has absolutely zero influence and authority. And zero say on how the club is run and the decisions taken at board level.

I also like Phillip Day to have zero influence and authority and zero zero say on how the club is run and the decisions taken at board level

I think most of us just want the guy gone, not hanging around like a bad smell.

He has demonstrated the value of his contribution to the club beyond all doubt.

I wonder if the consortium are the people who Fenty referred to as tyre kickers some months ago. If they are, and we don't know, but if they are then they could be taking revenge on Fenty. £2.5 million is worth a bit of interest so perhaps everything is in place and they just want to make Fenty wait.

They may want to ensure that Fenty cannot get out of taking the blame for the demise into the NL. I know and you know who's fault it is but Fenty has got balls and a thick skin. I can just see him saying that Town under his watch was a league club and the consortium let the club fall into the NL. The audacity, but it could happen.

If they were the tyre kickers, then they might want to put a Pressure Gauge on Fenty to see if he's full of Wind. They'll show they not hot air nor Remoulds but Goodyear. Slick F1's will serve the club well instead of chepo Crosssplys.

I just hope we don't blow a Valve and get some good news soon.

So, in summary then, now that this discussion has moved onto its ninth page...

...no one actually knows anything.

I know we're all free to speculate and claim inside knowledge, but if anyone did have any genuine inside knowledge we wouldn't have this degree of speculation.

Let's all accept that no one knows more than the next person and it'll be completed when it's completed.

Saying 'it's happening' is a bit like claiming night will follow day. Of course it's going to happen, but if you can't put a time on it then what's the point 'announcing' it.

Quoted from RichMariner

So, in summary then, now that this discussion has moved onto its ninth page...

...no one actually knows anything.

I know we're all free to speculate and claim inside knowledge, but if anyone did have any genuine inside knowledge we wouldn't have this degree of speculation.

Let's all accept that no one knows more than the next person and it'll be completed when it's completed.

Saying 'it's happening' is a bit like claiming night will follow day. Of course it's going to happen, but if you can't put a time on it then what's the point 'announcing' it.

It always happens this way when part time local radio football commentator tweets in riddles.

Hope the 3 amigos make fenty make the tea and make phill day hold the dart board whilst they aim for 180 , if that n0bhead still has a say after bagging 2.5 mill I'll personally dint the other side of his 80 grand motor

You trust him to make the tea?

He'd probably use one teabag for the whole season, and if anyone complained makes some comment about not wanting to devalue the product

https://youtu.be/_CtdYqVK_R4

Quoted from Davec

I wouldn't mind John Fenty still being a shareholder.

All I care about is that he has absolutely zero influence and authority. And zero say on how the club is run and the decisions taken at board level.

I also like Phillip Day to have zero influence and authority and zero zero say on how the club is run and the decisions taken at board level

If he retains the shares that he acquired FOC because of a veiled threat over the sale of a player, then that shows exactly why he needs to go. The last thing we need is him hanging around like a nasty smell.

Hopefully much of the stuff in this thread is speculation. If JF retains 200k shares then not withstanding he would no longer have control that would be a PR disaster, I cannot believe the prospective new owners are not savvy enough to recognise that. Yes the new owners will almost certainly have to offer to buy out the remaining shareholders under the City Panel rules which we are bound by as a result of our misguided PLC status but that comes later and is not an explanation for the delay. They will no doubt have already sounded out the other major shareholders on what the outcome of that will be and factored that into their financing plans.Whatever is or has caused the delay we do not know but it is not good and has given Hurst a free pass so far. Many clubs have come back from worse positions then we were in a month ago particularly with the fixture list we have had in that period. If the takeover had been completed a month ago and the whole club rejuvenated we will never know what the outcome would have been.

Quoted from RichMariner

So, in summary then, now that this discussion has moved onto its ninth page...

...no one actually knows anything.

I know we're all free to speculate and claim inside knowledge, but if anyone did have any genuine inside knowledge we wouldn't have this degree of speculation.

Let's all accept that no one knows more than the next person and it'll be completed when it's completed.

Saying 'it's happening' is a bit like claiming night will follow day. Of course it's going to happen, but if you can't put a time on it then what's the point 'announcing' it.

If this was true my friend the fishy wouldn’t exist in its forum and it would just be a lexicon of gtfc footy knowledge .

Ian Blakemor has posted in the Facebook group that he has heard things have taken a turn for the worse and Shutes has walked away and Fenty remains on the board.

Hearing not good things about the take over.

I can't confirm or deny the rumours

It goes:

Apparently things have taken a turn and Schutes has walked away.

Fenty wants to remain on the board.

If this is true and Fenty remains, I will walk away supporting or paying for anything GTFC, if Fenty remains at the club

Wonder how many people feel the same uf the rumours are true

#Fenty-Out

Think we need to wait for something formal.

Can’t believe a club will still exist at this level if Fenty remains.
Too much bad blood.

Quoted from Davec

Ian Blakemor has posted in the Facebook group that he has heard things have taken a turn for the worse

Who? A Facebook attention seeker... Must be true then

Radio Humberside are also reporting it

must be true radio humberside just tweeted

https://twitter.com/HumbersideSport/status/1377345949698260995

Have heard the same from a reliable source that Tom Shutes has pulled out. It was all meant to be signed and sealed last night, but Shutes sent an email shortly before the meeting stating that he wasn’t happy to proceed. Unclear what happens next.

The club will die with fenty remaining in any capacity. Why can’t he just take his millions and intercourse off into the sunset.

Looks like I'm about to go support the local tiddly wink club...not stepping foot in the door if Fenty has anything to do with this club and due to his pig headedness our chance of salvation has gone...

Quoted from davmariner

Have heard the same from a reliable source that Tom Shutes has pulled out. It was all meant to be signed and sealed last night, but Shutes sent an email shortly before the meeting stating that he wasn’t happy to proceed. Unclear what happens next.

i'm desperately hoping this is all false. One thought - maybe it's a last minute bargaining ploy in order to force Fenty to get rid of those old Trust shares

Quoted from davmariner

Have heard the same from a reliable source that Tom Shutes has pulled out. It was all meant to be signed and sealed last night, but Shutes sent an email shortly before the meeting stating that he wasn’t happy to proceed. Unclear what happens next.

Possibly expecting a shortfall in income if we go down so someone has to make that up and he may not want to.

Quoted from arryarryarry

Possibly expecting a shortfall in income if we go down so someone has to make that up and he may not want to.

Full parachute payment first season if we get relegated so find that hard to believe.

Shutes has always seemed a bit of a mystery in the process. Stockwood clearly has a passion for Town and the money to buy the Club. Shutes seems interested in redevelopment of the town rather than having a passion for Town.

If Shutes pulls out, hopefully Stockwood and Petit will still go ahead.

Quoted from forza ivano

i'm desperately hoping this is all false. One thought - maybe it's a last minute bargaining ploy in order to force Fenty to get rid of those old Trust shares

My understanding is that it’s an issue that only Shutes is unhappy with. The other two were happy to proceed. But Shutes has definitely pulled out.

If Schutes has bailed it might be because no f****er can be trusted if every “reliable source” referenced on here is to be believed.

Wait and see what happens, it is what it is.

Quoted from IlkleyMariner

Think we need to wait for something formal.

Can’t believe a club will still exist at this level if Fenty remains.
Too much bad blood.

Starting to look like dog walking on Saturdays

Maybe... he really was a tyre kicker after all? ;D

Desperate for this not to be true but looks like numerous people have heard it. Will await full details on what this means for Stockwood and Pettit's involvement before completely freaking out but feeling very deflated. :(

Classic GTFC way - time for plan B a fan owned Club.

It’s clear Shutes was likely on board Becauee of his redevelopment aspirations and experience. It’s always seemed that the other two are the money men so to speak.

Perhaps they’ve found skeletons or some surprises which could hinder the vision and Shutes isn’t happy...

All I can say is if Fenty stays not a penny more from me.

I'll just listen on the radio from now on.

https://twitter.com/TVFTL/status/1377349563024093199

this lad is usually spot on and my source says it's a bit of squeezing Fenty's ballsack

Quoted from promotion plaice

Full parachute payment first season if we get relegated so find that hard to believe.

Only the first season and who is to say that we will come straight back up, but also likely shortfall in attendance income as well as advertising income but probably paying League 2/1 wages to get the players to make a promotion challenge.

Not surprised . Taken far to long . Anybody whose companies are called Everything Ltd and Our place in the World Ltd I wouldn’t let through my door.

Hope it’s a negotiation stance, because frankly if it’s not I’ve has enough.

Quoted from forza ivano

https://twitter.com/TVFTL/status/1377349563024093199

this lad is usually spot on and my source says it's a bit of squeezing Fenty's ballsack

It’s his fúcking neck that wants squeezing.

Could just be some strategic move to put additional pressure on the parasite...

The deal can be done without Shutes, and nothing to stop him being brought in at a later date. Let’s face it, we support a club that brought in no mark, clueless pensioners in Marley and Day so we know it can be done...

It’s a consortium don’t forget if one person drops out it doesn’t mean it’s all over.

Let’s face it earlier in the week all the anticipation was unweighted by a Radio Humberside employee.

Quoted from forza ivano

https://twitter.com/TVFTL/status/1377349563024093199

this lad is usually spot on and my source says it's a bit of squeezing Fenty's ballsack

A good Good Friday hopefully.

If Shutes has pulled out he can take his rightful place in the Fenty / Holloway idiot club
Edit
That’s to say I truly hope he hasn’t

https://twitter.com/JamieFin_/status/1377356748613242884?s=19

Quoted from Northbank Mariner

https://twitter.com/JamieFin_/status/1377356748613242884?s=19

If BBC Radio Humberside are reporting it then they've got a very reliable source. Possibly Fenty, Day or another Fenty acolyte. They will have put their spin on events. The truth is probably a lot less cut and dry.

One last Fenty/Humberside red herring anyone?

Quoted from pen penfras

It's 30%. https://www.thetakeoverpanel.org.uk/the-code/download-code

Cheers pp. I’m surprised it’s as low as that as 30% isn’t a controlling interest

Heard Shutes had a hissy fit because even after all this time people still can't spell his name right ::)

It’s going to be a Long Good Friday.

Dont know what we are hearing is true or not, But i said weeks ago that something was wrong and did not feel right and got shot down and called for it,, Hope its jus a blip or nothing but i cannot see the others going ahead and putting 2.5 mill out and then another 3 / 4 million to pull us out of this rut Thats without needing the funds for a new ground as the regeneration of the docks area + freeman st area seem to have gone very quiate . Just seems to me that the cons far outway the pros and they are money making men not losers of money

If Fenty is still involved, that’s it. He will only act like a dead weight on the club.

These latest rumours don’t sound good.

Tom Shutes has now deleted his twitter account...

Probably got fed up of all the nauses tweeting him every 2 minutes about the takeover

Quoted from ska face

Probably got fed up of all the nauses tweeting him every 2 minutes about the takeover

To be fair the last time he even got tweeted was the 7th March and that was only two tweets.

Doomed, we're all doomed.

This forum is full of rubbish

Quoted from wekeepdreaming

This forum is full of rubbish

You don't have to read it.

Looming relegation put the buyers off? Waiting for the price to drop in.m in the conference?No way the club is worth anywhere near £2.5 million in the conference.

Quoted from JMT

Tom Shutes has now deleted his twitter account...

That probably sums up the delay in the takeover. We don't know why the reasons for the delay, or even if it will still go ahead, and can only speculate. Day has been ominously quiet about the whole situation and given that Fenty holds less than 50% of the shares surely Day has a duty to the majority of shareholders to tell them what is happening.

The other thing is what about Hursts' position as manager. It has been posted many times about the 'portacabin' incident. Last week he told us about the budget discussions etc. with the consortium. If Fenty stays will Hurst leave? as many were under the impression he only returned because of the takeover.

Would the other 2 members of the consortium wish to continue without Shutes involvement? What about the new stadium? Fenty must have lost influence on the council so is the Freemo site still on?

The only good thing about being a mushroom is being fed on bullsh!te. Unfortunately, the dung heap has gone and we're left to wither in the hope of a new world.

Have just checked for any updates on shareholders, and nothing as of yet. Hopefully it’s just a cruel April fools joke and we can all breathe a sigh of relief by tomorrow

Tondeur tweeted ‘the end is nigh’ he might be flipping right!

Quoted from forza ivano

https://twitter.com/TVFTL/status/1377349563024093199

this lad is usually spot on and my source says it's a bit of squeezing Fenty's ballsack

What on earth does that even mean? You think they're renegotiating now, after having agreed a deal in December? No wonder they're getting called tyre kickers if that's the case.

Hopefully the other 2 proceed if that's the case. I didn't like the sound of Shutes anyway. Not a fan and only in it for profit. The other 2 are Grimsby fans and seem like they are in it for the right reasons.

Now is not a time for speculation.
I’m sure that once the implications relating to the covenants are ironed out, everything will be in order and the share sale and loan balances will be concluded.

To be honest I think it's stockwood and petit who are the main driving forces of this deal, we need these two. Hopefully if shutes has pulled out that these two can pull the deal through.

Quoted from pen penfras

What on earth does that even mean? You think they're renegotiating now, after having agreed a deal in December? No wonder they're getting called tyre kickers if that's the case.

Hopefully the other 2 proceed if that's the case. I didn't like the sound of Shutes anyway. Not a fan and only in it for profit. The other 2 are Grimsby fans and seem like they are in it for the right reasons.

I’d imagine if you looked at the 92 clubs in the EFL and Prem there would be a significant amount of Directors who weren’t fans of the clubs they bought shares in.

This is all a classic example of why I don't do social media. This forum is the closest I get!! Anyone can say anything and it just rolls from there, sometimes with no substance at all. Look at this situation- we have had contrasting stories over the past 3 days- one saying it is all about to get finished and the other saying it has all fallen to pieces! Well one of the stories is a load of rubbish!

I shall wait for something official to be announced before getting stressed over what could be complete nonsense. I am more concerned with our starting 11 tomorrow!!

Quoted from forza ivano

https://twitter.com/TVFTL/status/1377349563024093199

this lad is usually spot on and my source says it's a bit of squeezing Fenty's ballsack

This is the same lad who said it was due to be completed within a week at the start of March. He’s just as bad as all the other idiots who have falsely gotten fans hopes up for the sake of a few likes on Twitter. As predicted, JT’s tweet came back to bite him on the bottom, he responded saying he’s not ‘ITK’ last night, why flipping tweet that it was ‘nhy’ then??

I’m sure that in the event Tom Schutes backs out, that Stockwood and Petit would still find a way of working together with John Fenty.

Quoted from Fillipe Noche

I’m sure that in the event Tom Schutes backs out, that Stockwood and Petit would still find a way of working together with John Fenty.

They’d be pretty unique if they could achieve something that’s not been done for nearly 2 decades.

Quoted from HarrogateMariner

This is all a classic example of why I don't do social media. This forum is the closest I get!! Anyone can say anything and it just rolls from there, sometimes with no substance at all. Look at this situation- we have had contrasting stories over the past 3 days- one saying it is all about to get finished and the other saying it has all fallen to pieces! Well one of the stories is a load of rubbish!

I shall wait for something official to be announced before getting stressed over what could be complete nonsense. I am more concerned with our starting 11 tomorrow!!

I challenged the poster of those stories last night and basically got told In public on that platform if I didn’t believe what he was saying to click “unfollow” which I have done this morning.

Quoted from pontoonlew

This is the same lad who said it was due to be completed within a week at the start of March. He’s just as bad as all the other idiots who have falsely gotten fans hopes up for the sake of a few likes on Twitter. As predicted, JT’s tweet came back to bite him on the bottom, he responded saying he’s not ‘ITK’ last night, why flipping tweet that it was ‘nhy’ then??

Didn’t Tondeur say “I understand the end is nigh”, rather than any statement of fact? He can say what he likes, there are plenty elsewhere that do so, with varying degrees of insight into what goes on at the club. I’ve seen some clowns call him “scum”, a “bullshítter” and plenty more, who do these people think they are?

There’s some that need to stop trying to police what others say and think. If some people want to listen to rumours and get their hopes up, they’re free to do so. Christ knows people need something to look forward to at the minute. If others want to wait until anything’s announced, go for it. It’s possible for the two to exist at the same time.

Quoted from ska face

Didn’t Tondeur say “I understand the end is nigh”, rather than any statement of fact? He can say what he likes, there are plenty elsewhere that do so, with varying degrees of insight into what goes on at the club. I’ve seen some clowns call him “scum”, a “bullshítter” and plenty more, who do these people think they are?

There’s some that need to stop trying to police what others say and think. If some people want to listen to rumours and get their hopes up, they’re free to do so. Christ knows people need something to look forward to at the minute. If others want to wait until anything’s announced, go for it. It’s possible for the two to exist at the same time.

The treatment of JT on Twitter is nothing short of disgraceful. JT was clearly fed that information by somebody at the club off the record and shared it on his own Twitter account. I would imagine the same club official then informed him of the Shutes situation and being more serious in nature he left it for the BBC Radio Humberside Sport Twitter feed to break the information and just retweeted it himself.

The amount of idiots complaining about them sharing "rumour" is embarrassing.

They don't seem to realise that the likes of JT have to build up good relationships with key people at the club. Part of that is sharing rumours that have been leaked to them off the record. In return they keep the good relationship with the club and that helps them in regards access to manager/players.

The moaners should try listening to the garbage sports coverage other local BBC Radio stations serve up and then realise how fortunate fans of the clubs in the BBC Radio Humberside area are.

Quoted from ska face

Didn’t Tondeur say “I understand the end is nigh”, rather than any statement of fact? He can say what he likes, there are plenty elsewhere that do so, with varying degrees of insight into what goes on at the club. I’ve seen some clowns call him “scum”, a “bullshítter” and plenty more, who do these people think they are?

There’s some that need to stop trying to police what others say and think. If some people want to listen to rumours and get their hopes up, they’re free to do so. Christ knows people need something to look forward to at the minute. If others want to wait until anything’s announced, go for it. It’s possible for the two to exist at the same time.

Aye they do need something to look forward to at the minute, but it’s 10x worse when that hope is ripped away because somebody fancied getting everybody’s hopes up.

Going off what’s been said here & elsewhere, it looks like it was all systems go until a last minute hitch.

Which is slightly different to people just making something up for the sake of social media traffic, which is the accusation being levelled at JT and a few others.

Either way, I’m supposed to be at work, so Fenty Out & a plague on his house.

I hate social media . This is the closest I get to any of those platforms

It is April Fools Day today, so take everything with an even bigger pinch of salt.

Quoted from TownSNAFU5

It is April Fools Day today, so take everything with an even bigger pinch of salt.

True I get that but apparently Hurst has now been offered the Germany job after last nights debacle, they've decided they need to keep us shape.

Don't shoot the messenger.

Quoted from bawarmy

Early April fool?

Exactly what I was thinking!

Quoted from promotion plaice

True I get that but apparently Hurst has now been offered the Germany job after last nights debacle, they've decided they need to keep us shape.

Don't shoot the messenger.

The Germans are better at moving on compared with us Brits (or Town fans) but even they might balk / zurückschrecken at being managed by an English Hurst. Painful memories of 30.07.66.

It would be like Town appointing Kuntz.

Quoted from Knut Anders Fosters Voles

The Germans are better at moving on compared with us Brits (or Town fans) but even they might balk / zurückschrecken at being managed by an English Hurst. Painful memories of 30.07.66.

It would be like Town appointing Kuntz.

We already have one Kunt.

Quoted from Knut Anders Fosters Voles

The Germans are better at moving on compared with us Brits (or Town fans) but even they might balk / zurückschrecken at being managed by an English Hurst. Painful memories of 30.07.66.

It would be like Town appointing Kuntz.

Surely we already have a team overloaded with Kuntz

We have had our fairshare of Kuntz thanks

Firstly, the consortium knew the perilous league situation we were in when it was publicly declared over Christmas that the takeover was finally happening.

Being the astute businessmen they are, I'm certain they considered the risk of relegation. If they had no intention of taking over if we were to end up in non-league next season then they wouldn't have begun proceedings.

They knew they might be taking over a club that could still get relegated. And it looks as though we are.

This shouldn't be a surprise to anyone, and the relegation alone shouldn't be affecting talks at this late hour.

If Shutes has dropped out, or something's happened to put the deal in some sort of doubt, you can bet your bottom dollar that it's a Fenty-led stunt. Don't forget, he's got form — making a club statement at midnight and issuing unrealistic deadlines.

I think he's out of his depth negotiating with this consortium. I love RH but they do like to stir things up. It's their job to get to the truth but they operate on a level of rumour that the Telegraph don't, which is why RH tend to get a few things wrong here and there.

I think it's telling that Findlater hasn't heard anything — remember it was the Telegraph who first reported the possible takeover nearly two years ago. They have a relationship with Shutes.

Surprised there hasn’t been a statement either way to be honest

Hopefully just a bit of brinkmanship from one side. I can't believe JF isn't completely horrified at the thought of being left with the club and a fanbase who are desperate to be rid of him.

Quoted from RichMariner

Firstly, the consortium knew the perilous league situation we were in when it was publicly declared over Christmas that the takeover was finally happening.

Being the astute businessmen they are, I'm certain they considered the risk of relegation. If they had no intention of taking over if we were to end up in non-league next season then they wouldn't have begun proceedings.

They knew they might be taking over a club that could still get relegated. And it looks as though we are.

This shouldn't be a surprise to anyone, and the relegation alone shouldn't be affecting talks at this late hour.

If Shutes has dropped out, or something's happened to put the deal in some sort of doubt, you can bet your bottom dollar that it's a Fenty-led stunt. Don't forget, he's got form — making a club statement at midnight and issuing unrealistic deadlines.

I think he's out of his depth negotiating with this consortium. I love RH but they do like to stir things up. It's their job to get to the truth but they operate on a level of rumour that the Telegraph don't, which is why RH tend to get a few things wrong here and there.

I think it's telling that Findlater hasn't heard anything — remember it was the Telegraph who first reported the possible takeover nearly two years ago. They have a relationship with Shutes.

The relationship was that Shutes wanted to put something in the public to pressure Fenty into selling. Now the situation is somewhat reversed, nobody can contact him. Hardly a positive situation, but maybe he's just busy...

Just cross your fingers that it's a storm in a tea cup and the deal goes through. Nobody who has claimed to be in the know has got anything right so far.

Quoted from promotion plaice

True I get that but apparently Hurst has now been offered the Germany job after last nights debacle, they've decided they need to keep us shape.

Don't shoot the messenger.

Surely that would be “keep uns shape”*

* as in “Gott mitt uns”.

Many of us have suggested that the board of the NL is a complete shambles. It goes into insignificance when compared to this so-called takeover.

https://twitter.com/grimsbytownlive/status/1377630266114650113?s=19

2 questions need answering.

Why has he pulled out?
Are the other 2 going ahead together?

Quoted from Jarmo.Is.God

2 questions need answering.

Why has he pulled out?
Are the other 2 going ahead together?

fenty statement 2.37 am tomorrow morning

Tom you tyre kicker

Quoted from Hagrid

fenty statement 2.37 am tomorrow morning

Tom you tyre kicker

Maybe he is fed up with Fenty;s delaying tactics?

Take what that rag says with a pinch of salt , they do dishonour to the word journalism.

Looks like going to John for forgiveness or no club

Quoted from Garth

Looks like going to John for forgiveness or no club

Sorry but why?

Quoted from Garth

Looks like going to John for forgiveness or no club

No club it is then...I'd rather bang Susan Boyle than ask that parasite for forgiveness

;D ;D ;D ;D

Quoted from Northbank Mariner

No club it is then...I'd rather bang Susan Boyle than ask that parasite for forgiveness

Quoted from Garth

Looks like going to John for forgiveness or no club

Really?

What is this assumption based on?

Quoted from davmariner

Have heard the same from a reliable source that Tom Shutes has pulled out. It was all meant to be signed and sealed last night, but Shutes sent an email shortly before the meeting stating that he wasn’t happy to proceed. Unclear what happens next.

Further to my post early evening yesterday, I gather that Mr Shutes cited the due diligence on the deal as the reason for pulling out and not being comfortable to proceed. It is not a negotiating tactic, the deal is dead with regards to his involvement.

Stockwood and Pettit were happy and wanted to proceed.

I despise the man, but my source has said it wasn’t particularly Fenty that has caused this. It was all sorted until Shutes decided to pull out last minute is my understanding.

If that's the case then what on earth has the due diligence exercise discovered to scupper the deal?

Quoted from davmariner

Further to my post early evening yesterday, I gather that Mr Shutes cited the due diligence on the deal as the reason for pulling out and not being comfortable to proceed. It is not a negotiating tactic, the deal is dead with regards to his involvement.

Stockwood and Pettit were happy and wanted to proceed.

I despise the man, but my source has said it wasn’t particularly Fenty that has caused this. It was all sorted until Shutes decided to pull out last minute is my understanding.

what's your sources info on the 200,000 shares that i've been told was/is the sticking point

btw unconfirmed rumour that pettit and Stockwood are still talking/discussing/negotiating - can your source confirm or deny?

Surely all due diligence would have been completed months ago, and not become an issue the day the takeover looked set to be confirmed. Very odd.

Quoted from Mariner93er

Surely all due diligence would have been completed months ago, and not become an issue the day the takeover looked set to be confirmed. Very odd.

Just what I was sat here thinking. Thought it had been reported that the deal had gone to the EFL for approval so surely all due diligence would have been confirmed. Keep thinking this season/year can’t get any worse but somehow GTFC and their antics continue to take me to new depths of despair.

If Fenty stays me and the lad will just go down to Lincoln United on a Saturday and at least I will be in the local an hour earlier every other Saturday.

Quoted from forza ivano

what's your sources info on the 200,000 shares that i've been told was/is the sticking point

btw unconfirmed rumour that pettit and Stockwood are still talking/discussing/negotiating - can your source confirm or deny?

The 200,000 shares not an issue apparently. As I say it caught the other two completely by surprise that he was pulling out so difficult to see how it’s a negotiating tactic.

Certainly Shutes is a mercurial character and its fascinating that we know so little about him. It could well be the prospect of taking on the commitment of a football club heading for non league has put him off, but that’s just me speculating.

On the further conversations, there’s nothing really to tell. I gather that it’s more of a case of them being given the space to work out how to proceed. Certainly splitting the financial burden of a football club between two, rather than three changes things.

I’d be surprised if things are announced tomorrow as suggested by The View From The Lower on Twitter.

Quoted from Lincoln Mariner 56

If Fenty stays me and the lad will just go down to Lincoln United on a Saturday and at least I will be in the local an hour earlier every other Saturday.

Get yourself down Sinny Bank/LNER mate, it’ll bring back memories of the Buckley days of yore, with no cricked neck due to hoofs to Hanson in sight.

Quoted from NorfolkImp

Get yourself down Sinny Bank/LNER mate, it’ll bring back memories of the Buckley days of yore, with no cricked neck due to hoofs to Hanson in sight.

Right now is not the time...do yourself a favour and stay out of this one, nobody likes a clever d!CK!!

Quoted from NorfolkImp

Get yourself down Sinny Bank/LNER mate, it’ll bring back memories of the Buckley days of yore, with no cricked neck due to hoofs to Hanson in sight.

Looks like your still breathing!

Quoted from davmariner

The 200,000 shares not an issue apparently. As I say it caught the other two completely by surprise that he was pulling out so difficult to see how it’s a negotiating tactic.

Certainly Shutes is a mercurial character and its fascinating that we know so little about him. It could well be the prospect of taking on the commitment of a football club heading for non league has put him off, but that’s just me speculating.

On the further conversations, there’s nothing really to tell. I gather that it’s more of a case of them being given the space to work out how to proceed. Certainly splitting the financial burden of a football club between two, rather than three changes things.

I’d be surprised if things are announced tomorrow as suggested by The View From The Lower on Twitter.

Do you know if this would affect the EFL approval, given that there are only 2 now?

There will come a time when even the most loyal fan will say we’ve had enough
My first match was in 1958 and I’m getting closer to saying exactly that.
Hope it doesn’t come to it!

Statement From The Club, Jason Stockwood & Andrew Pettit
Just now

Quoted Text

In light of the intense press, media and social media speculation all parties which to clarify the present position.

The Club can announce that Tom Shutes has withdrawn from the consortium who were proceeding to purchase the majority shareholding of John Fenty

Philip Day commented “We are very disappointed that at the last minute when all terms had long been agreed, all of the necessary documentation prepared and the consent of the EFL obtained that we received an email from Tom Shutes stating that for personal reasons he is having to step away from the consortium’s proposal for the acquisition of the Club. However, we move on and are pleased to report that we are still in dialogue with Jason and Andrew to move the matter forward”.

Jason added “Like Philip, we are terribly disappointed by Tom’s decision. We are hopeful however that a solution can be found and will continue our discussions with the Club”.

There will be no further statement from either party until there is something of substance to report to shareholders.

Keep the faith.

Looks like Mr Shutes was indeed a tyre kicker, shithouse move from him

Quoted from Grantham_Mariner

Statement From The Club, Jason Stockwood & Andrew Pettit
Just now

Keep the faith.

Jason added “Like Philip, we are terribly disappointed by Tom’s decision. We are hopeful however that a solution can be found and will continue our discussions with the Club”.

That comment worries me as to how long will they look for a solution and does that mean they cannot move forward as just the two of them?

Quoted from pontoonlew

Looks like Mr Shutes was indeed a tyre kicker, shithouse move from him

Depends on the personal reasons, doesn’t it? I’m sure he wouldn’t have come so far through the process with the intention of walking away at the last moment.

A message from JF from the OS

Dear Fans.

I was rather hoping to write to you today to share with you the completion of the sale of my shares in the club and pass on my many thanks to all that have assisted me in my capacity as principal funder of the football club and particularly our great fans for sticking with the club through thick and thin like true Mariners.

Instead, I’m sorry to report that once again Mr Shutes has fallen short of honouring his part of an agreement and has withdrawn from the consortium.

Notwithstanding that and all of the disruption his divisive public approach in demanding a takeover of our great football club, I am working with club and the remaining consortium members positively to try to find a way forward.

I would please ask for patience at this important time and a truce from the abuse and misinformation, largely on social media, aimed towards me, including telephone death threats and the like which I believe are both unwarranted and undeserved. Someone’s untruths become the next person's truths and further whip up the nasty frenzy. Legitimate criticism is always acceptable but vile abuse and the threats mentioned above are never acceptable.

Please rest assured that, whatever the outcome, the board of directors will as always act in the best interests of the club.

In the meantime, let’s be as positive and give Paul and the players our focused support for the remaining games of the season. They need our combined support more than ever.

Kind regards and best wishes

John

UTM

Quoted from DB

Do you know if this would affect the EFL approval, given that there are only 2 now?

It shouldn’t do but that depends on if a third party emerges to replace Mr Shutes.

Quoted from davmariner

It shouldn’t do but that depends on if a third party emerges to replace Mr Shutes.

that a hint or a guess dev? they have kept Mike Parker in the loop, and previously mentioned that they'd be bringing new investors in

ps safe to say that Fenty and shutes aren't besties!

Quoted from davmariner

It shouldn’t do but that depends on if a third party emerges to replace Mr Shutes.

If the remaining members could still purchase the club, couldn't they appoint another "Director" at a later date? If so that wouldn't need EFL approval? :-/

Quoted from MarshMariner

If the remaining members could still purchase the club, couldn't they appoint another "Director" at a later date? If so that wouldn't need EFL approval? :-/

We all seem to be thinking about money for the purchase, but who was going to do what job in the new setup. The 3 of them must have decided who takes responsibility for what, and now the 3rd role has to be split between the remaining 2.

The other thing that has not been mentioned is a new stadium. I believe it was Shutes who want the docks site, so where does it leave the location of the new stadium? if there is now to be a new stadium.

Quoted from forza ivano

that a hint or a guess dev? they have kept Mike Parker in the loop, and previously mentioned that they'd be bringing new investors in

ps safe to say that Fenty and shutes aren't besties!

No hints, whether things have to go through the EFL channel again depends on what is agreed and who it is agreed it with. But hypothetically, my understanding is that if Pettit and Stockwood were to proceed as a duo, there would be no need to go through the EFL process again.

My view is that it perhaps there’s an element of truth to what Fenty says about Shutes. Doesn’t change the fact that he himself has been useless at running the club.

Why is everything about this club so painful and protracted?

Nothing ever moves forward smoothly.

Quoted from davmariner

No hints, whether things have to go through the EFL channel again depends on what is agreed and who it is agreed it with. But hypothetically, my understanding is that if Pettit and Stockwood were to proceed as a duo, there would be no need to go through the EFL process again.

My view is that it perhaps there’s an element of truth to what Fenty says about Shutes. Doesn’t change the fact that he himself has been useless at running the club.

thanks for that, but i meant more along the lines of whether they are trying to bring in someone else, or others, to replace shutes?