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pontoonlew
September 11, 2024, 3:21pm
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Confirmed to be £1.5m by the club

https://gtfc.co.uk/club-statement-new-investors-announcement/

Probably not ‘life changing’ money for us but no doubt a huge positive, especially if these guys dip into their pockets again in the future. Hats off to the owners for bringing in investment to the club, something that seemed an impossible task for years.
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GrimRob
September 11, 2024, 3:25pm

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Tech Bros Town


'Tis better to have loved and lost than never to have loved at all.  
~ Alfred Lord Tennyson

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Chrisblor
September 11, 2024, 3:29pm

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Who are the mysterious American consortium and what is the motivation behind them putting money into our club? I can completely understand and appreciate the named investors with real links to the club injecting their own personal wealth, but why would some nameless Americans want to throw money at town? What's their end goal? Is it just a punt on the off chance we do a Luton and they can then start extracting a return if the club does start to turn a profit in the future?! I'm very sceptical!!!


gary jones
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Mikey_345
September 11, 2024, 4:00pm
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Quoted from Chrisblor
Who are the mysterious American consortium and what is the motivation behind them putting money into our club? I can completely understand and appreciate the named investors with real links to the club injecting their own personal wealth, but why would some nameless Americans want to throw money at town? What's their end goal? Is it just a punt on the off chance we do a Luton and they can then start extracting a return if the club does start to turn a profit in the future?! I'm very sceptical!!!


I would imagine it's a very low risk bet - in terms of sporting finances, especially by US standards it's an incredibly small amount. As the statement says a small percentage of shares in 1878 have gone to them. Assume they see the goals and ambitions of Jason and Andrew being worth a punt - if they achieve their aims, great - if not its a small loss. I'd be sure Jason and Andrew are very backable people in the business world

Important to say, and not been an expert I am happy to be corrected by someone with greater knowledge, that it's shares in 1878 they have bought, not Grimsby Town. Therefore I'd imagine a) Jason and Andrew still hold the say over running of the club, having sold a minority share of 1878  and b) They will not have gotten into bed with people they do not trust or know the intentions of.

Personally doesn't bother me in the slightest, a small share purchase in a holding company and the fact I think Jason and Andrew have earnt the trust of us all in how they have behaved during their ownership. We also are yet to learn their identity but they may be bringing some vital resources etc to the table. or It could just be a simple case of wanting to be able to say they own a football club...

Overall this is great news, not life changing but more shoulders to bear the burden and expertise to bring to bare on moving the club forward. A massive well done to Jason and Andrew and welcome to Miles, James and our new American friends!


All Town aren’t we

@GTFCLondon

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Captain Sensible
September 11, 2024, 4:02pm
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Quoted from Chrisblor
Who are the mysterious American consortium and what is the motivation behind them putting money into our club? I can completely understand and appreciate the named investors with real links to the club injecting their own personal wealth, but why would some nameless Americans want to throw money at town? What's their end goal? Is it just a punt on the off chance we do a Luton and they can then start extracting a return if the club does start to turn a profit in the future?! I'm very sceptical!!!


A case of looking a gift horse in the mouth?
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Mappers
September 11, 2024, 4:03pm
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Quoted from Chrisblor
Who are the mysterious American consortium and what is the motivation behind them putting money into our club? I can completely understand and appreciate the named investors with real links to the club injecting their own personal wealth, but why would some nameless Americans want to throw money at town? What's their end goal? Is it just a punt on the off chance we do a Luton and they can then start extracting a return if the club does start to turn a profit in the future?! I'm very sceptical!!!


I wouldn't worry they have the minority of a minority stake in the holding company of the club , it's all round good news fair play to the lads for getting it over the line . Thanks & welcome to the new investors .
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Rodley Mariner
September 11, 2024, 4:05pm
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I'd guess the Americans will be sports nerds with a few quid who want to tell their mates they 'own' an English Football club just like Deadpool. I am sure the current owners will have protected the club.
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Rob_in_Grimsby
September 11, 2024, 4:08pm
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Good news but what I can’t get my head around is why they would buy shares in 1878 and not gtfc itself.

Maybe I’m missing something but to me they are only buying shares is a company that owns nothing but shares in another company  


moribus facit hominem
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Mikey_345
September 11, 2024, 4:11pm
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Quoted from Rob_in_Grimsby
Good news but what I can’t get my head around is why they would buy shares in 1878 and not gtfc itself.

Maybe I’m missing something but to me they are only buying shares is a company that owns nothing but shares in another company  


That's the whole point of how Jason and Andrew set the whole thing up when they purchased the club. Not to saddle the Club with a load of debt and to take us to being a private company.


All Town aren’t we

@GTFCLondon

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Chrisblor
September 11, 2024, 4:19pm

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Quoted from Captain Sensible


A case of looking a gift horse in the mouth?


It was only a few years ago that we narrowly avoided a significant proportion of the club being handed over to a serial fraudster, so you'll have to forgive me for maintaining an interest in who exactly is putting money into our shared community asset. You only need to look down the A180 to see what can happen to fanbases who uncritically welcome investment from any and all comers.

Anyway I'm relatively reassured by other posters that the amount invested and controlling interest in the club held by these Americans, and the fact our current primary owners have far more business acumen than the previous major shareholder, that it isn't something I need to be overly worried about.


gary jones
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denni266
September 11, 2024, 4:25pm

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If they have given / invested in us i have no problem on them getting a return on their cash if it earns and helps us.
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chelseacity
September 11, 2024, 4:46pm
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I suspect the American investor has come on board via Genesis Global, as he is one of their directors along with James Harrison.
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Limerick Mariner
September 11, 2024, 4:52pm
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I’m hoping that 1878 are creating an ownership structure, with GTFC debt free, to bring in some serious investment in future. There is scope to dilute 1878’s ownership of GTFC from 88%, but still maintain control, or for GTFC to take on loans for specific projects that are asset backed - ie the training ground and ground improvements. Also 1878 can bring investors into 1878 that means 1878 can buy more shares in GTFC to inject more equity. Or there could be a combination of all 3 used.
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diehardmariner
September 11, 2024, 5:02pm
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Quoted from Chrisblor


It was only a few years ago that we narrowly avoided a significant proportion of the club being handed over to a serial fraudster, so you'll have to forgive me for maintaining an interest in who exactly is putting money into our shared community asset. You only need to look down the A180 to see what can happen to fanbases who uncritically welcome investment from any and all comers.

Anyway I'm relatively reassured by other posters that the amount invested and controlling interest in the club held by these Americans, and the fact our current primary owners have far more business acumen than the previous major shareholder, that it isn't something I need to be overly worried about.


No, it's a fair concern.

I too am not concerned but considering a lot of us have put scrutiny on the investment down the A46 and asked the 'why would they' questions it would be dismissive to not do the same.

I'm comfortable with investors coming in here and making us better, then profiting off the back of it.   That's the nature of how investment works.   I do struggle to see how GTFC (or any other football club) is a good investment though, only thing I can think of is that this is in someway related to the bigger plan of using GTFC as an enabler for wider investment in the area.  

Or it's just some daft sods with too much money to spunk away.
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HertsGTFC
September 11, 2024, 5:22pm

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Good news all round, people putting their own money into the club with in reality very little hope of getting anything significant back or indeed nothing at all.

People also invest in people so this speaks volumes for the leadership, integrity & foresight that Andrew & Jason have shown.


"Crombie you would have got to that if you weren't such a fat ba%$@rd" - George Kerr, inspiration from the dug out 70s style  
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moosey_club
September 11, 2024, 6:21pm
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[sup][/sup]
Quoted from diehardmariner


I do struggle to see how GTFC (or any other football club) is a good investment though, only thing I can think of is that this is in someway related to the bigger plan of using GTFC as an enabler for wider investment in the area.  

Or it's just some daft sods with too much money to spunk away.


I always see investing as wealthy gambling, lay out what you can afford to lose considering the risk....they may well have effectively written it off in the short term and play a long game it pays off eventually......unlike traditional gambling though you can help your "bet" along by improving or helping  the product along, add a bit of your expertise to make it a more appealing,  increased interest equals increase value.
If the buy price is cheap enough then a savvy investor can back themselves on raising the value enough to make the profit.


2024 /2025 LWLWLLWWWLWLWL

2023/24 DLWDDWDLLLWDLLLLWDDDWDLLWLDLLDWDDWLLDWLWLWL but not NLN 😁
2022/23LDWDWWDWLLDWWDLLLDLWLLWLWLLWDDLDWWDDDLLWDWLWLW
2021/22 WDWWWWDLWWWWLLLWLLDLWLLWWDWWWLWDLWWDWWWDLWD play offs WWW Promoted 🥳
2020/21  LLDWWLDLDWLWLLLDLWLLDLLDLLLWLLLDDDDWDDDLWLWLWL .. hello darkness my old friend
2019/20  WDLDWWLDLWWLLLDLDLDLDDWWDLLWDDWWL WLLW - ended
2018/19  LWDDLLLLLLWWDWLLLWDWLWWWWLLLLWWWWDLLLDDLLDLWLW Hello Scunny  
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David Frazer
September 11, 2024, 6:47pm
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Wow !
Its the start of you clawing back the lost fenty years of lack of investment in your club both on and off the field ! They may have friends who will follow them.I wouldnt be to sceptical your new owners i doubt will lose control of the club and i expect need help with financial investment.

Americans love our game and want to be involved but not able to physically own a prem club.

Good news i would have thought for you and wait till they speak about things.
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WesternMariner
September 11, 2024, 8:18pm

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Quoted from David Frazer
Wow !
Its the start of you clawing back the lost fenty years of lack of investment in your club both on and off the field ! They may have friends who will follow them.I wouldnt be to sceptical your new owners i doubt will lose control of the club and i expect need help with financial investment.

Americans love our game and want to be involved but not able to physically own a prem club.

Good news i would have thought for you and wait till they speak about things.


sodomist me - a David Frazer post I don’t feel compelled to red cross what is the world coming to?


All men are equal before fish.
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Maringer
September 11, 2024, 8:57pm
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Quoted from Rodley Mariner
I'd guess the Americans will be sports nerds with a few quid who want to tell their mates they 'own' an English Football club just like Deadpool. I am sure the current owners will have protected the club.


Are you trying to tell me it's De Niro without saying it's De Niro?
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moosey_club
September 11, 2024, 10:28pm
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Quoted from Maringer


Are you trying to tell me it's De Niro without saying it's De Niro?


He's waiting..


2024 /2025 LWLWLLWWWLWLWL

2023/24 DLWDDWDLLLWDLLLLWDDDWDLLWLDLLDWDDWLLDWLWLWL but not NLN 😁
2022/23LDWDWWDWLLDWWDLLLDLWLLWLWLLWDDLDWWDDDLLWDWLWLW
2021/22 WDWWWWDLWWWWLLLWLLDLWLLWWDWWWLWDLWWDWWWDLWD play offs WWW Promoted 🥳
2020/21  LLDWWLDLDWLWLLLDLWLLDLLDLLLWLLLDDDDWDDDLWLWLWL .. hello darkness my old friend
2019/20  WDLDWWLDLWWLLLDLDLDLDDWWDLLWDDWWL WLLW - ended
2018/19  LWDDLLLLLLWWDWLLLWDWLWWWWLLLLWWWWDLLLDDLLDLWLW Hello Scunny  
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forza ivano
September 11, 2024, 10:59pm

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Quoted from chelseacity
I suspect the American investor has come on board via Genesis Global, as he is one of their directors along with James Harrison.


It's a consortium of yanks, not 1 individual, unless you know summat we don't?

Ps quite a difference with the Fenty years of a failed racehorse trainer , a run of the mill solicitor n a 2 bit accountant

Pps am waiting with bated breath to learn from yoda/ her ve or pen penfras as to why this is disastrous news for the club and that 1878 arent doing anything that JSF could've done better
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WayneBurnettsJockstrap
September 11, 2024, 11:03pm

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I wonder how much it would cost for the entity that is "The Fishy" to buy shares in 1878?
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Limerick Mariner
September 11, 2024, 11:23pm
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Quoted from moosey_club


He's waiting..


Stop that immediately…

I will participate with some enthusiasm in puns on song titles and lyrics but draw the line at Banarama, as everyone who supports GTFC should…

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BeijingMariner
September 12, 2024, 12:51am
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Quoted from Limerick Mariner


Stop that immediately…

I will participate with some enthusiasm in puns on song titles and lyrics but draw the line at Banarama, as everyone who supports GTFC should…



Honestly I disagree, after all, it's not what you do......
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Heisenberg
September 12, 2024, 6:50am
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Quoted from BeijingMariner


Honestly I disagree, after all, it's not what you do......


Hey, I’m up for anything that gets results…..
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ska face
September 12, 2024, 7:11am

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I wonder how much it would cost for the entity that is "The Fishy" to buy shares in 1878?


I often wonder, when people like this or the owners seemingly come out of nowhere, if they read or post on here. Just goes to show what a vanishingly small corner of the overall fan base is actually involved in here or are the usual names/faces on social media.

Just remember, the next time someone asks you to move out of their seat at an away game please be nice as they may be a tech entrepreneur or be a Singapore-based wealth manager!
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Mappers
September 12, 2024, 9:38am
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I wonder how much it would cost for the entity that is "The Fishy" to buy shares in 1878?


I don't know , you can probably email /message them and find out what the minimum investment is if you are keen .

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Big Jake
September 12, 2024, 9:43am
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The fact that the investment is into 1878 offers a protective buffer that protects the club from risk.

I wonder if one of the American Investors is Adam Richman, he has an affinity for the club and a few direct GTFC shares I think.
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Southwark Mariner
September 12, 2024, 12:53pm
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Tweet 1833875648810549589 will appear here...
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September 12, 2024, 12:58pm

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The fact they are getting people like this investing is really saying something.  about our owners
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WayneBurnettsJockstrap
September 12, 2024, 1:09pm

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Quoted from Madeleymariner
The fact they are getting people like this investing is really saying something about our owners


And good to see that they are from both lines of business that JS and AP are in. Andrew is from the world of finance, and Jason being a master of online business. I would hazard a guess that the new investors have known JS and AP for many years in their respective industries, even before they took over the reins at GTFC. It bodes well.

But these new American 'investors' are a riddle wrapped in a mystery inside an enigma. We shall find out soon enough, Im sure
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rancido
September 12, 2024, 2:31pm

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And good to see that they are from both lines of business that JS and AP are in. Andrew is from the world of finance, and Jason being a master of online business. I would hazard a guess that the new investors have known JS and AP for many years in their respective industries, even before they took over the reins at GTFC. It bodes well.

But these new American 'investors' are a riddle wrapped in a mystery inside an enigma. We shall find out soon enough, Im sure


That last paragraph makes them sound more Russian than American 😂


The Future is Black & White.
"The commonest thing on this planet is not water , as some people believe, but stupidity ". Frank Zappa
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Mikey_345
September 12, 2024, 3:30pm
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Quoted from Madeleymariner
The fact they are getting people like this investing is really saying something.  about our owners


Absolutely. I genuinely believe how they are going about things is the correct way and extra support from new investors shows that to be quite accurate, in my view. It's slower, it'll take a lot of time and it's probably at times a little more frustrating. However it realises the reality of ours and more broadly footballs current situation.

We've just had 20 years of pretty much nothingness - we'd be a lot further ahead if we hadn't wasted all that time. Can't change the past though and It has to start somewhere and this new investment makes me even more confident these guys are moving us forward in the right way and in another 10 years we wont be sat here having the same discussions.


All Town aren’t we

@GTFCLondon

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Mappers
September 12, 2024, 3:47pm
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Quoted from Mikey_345


Absolutely. I genuinely believe how they are going about things is the correct way and extra support from new investors shows that to be quite accurate, in my view. It's slower, it'll take a lot of time and it's probably at times a little more frustrating. However it realises the reality of ours and more broadly footballs current situation.

We've just had 20 years of pretty much nothingness - we'd be a lot further ahead if we hadn't wasted all that time. Can't change the past though and It has to start somewhere and this new investment makes me even more confident these guys are moving us forward in the right way and in another 10 years we wont be sat here having the same discussions.


I wonder if you lads can get either/both  of the new local  investors on your podcast ?

Always enjoy  listening to the guests , the Burns episode was excellent imo.
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forza ivano
September 12, 2024, 4:17pm

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Both new investors have impressive c.v.s. but anyone know the worth of their companies?
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ancientmariner54
September 12, 2024, 4:55pm
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Quoted from Chrisblor
Who are the mysterious American consortium and what is the motivation behind them putting money into our club? I can completely understand and appreciate the named investors with real links to the club injecting their own personal wealth, but why would some nameless Americans want to throw money at town? What's their end goal? Is it just a punt on the off chance we do a Luton and they can then start extracting a return if the club does start to turn a profit in the future?! I'm very sceptical!!!


Sad man.  U.T.M.
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Blundellite
September 12, 2024, 6:36pm
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But when does 1.5 million pounds of investment get you 3 points on a Saturday?  In all seriousness it's beyond comprehensible that we get that much initial investment from proven local people and unknown others and it warrants a thread of 4 pages! But if we had lost away at Spalding in the Linc's cup it would warrant 40 pages of doom!! Well done to the board great work 👏🏻👏🏻
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Chrisblor
September 12, 2024, 6:48pm

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Quoted from ancientmariner54


Sad man.  U.T.M.


Can you please clarify what exactly is sad about wanting to know a bit more about the intentions of an anonymous overseas consortium, explicitly mentioned by the club in their press release, taking out a stake (however minor) in the ownership structure of the club? Did you just ignore the part in my earlier post where I specifically welcomed the largest part of this investment from the named lifelong town fans before deciding to get abusive?

If we lived in a world where American / overseas owners had been nothing but brilliant for every English football club they've been involved with then I could understand this "WHY ARE YOU QUESTIONING THEIR MOTIVATIONS" outrage I seem to have sparked in a significant number of posters, but there's been as many utterly dreadful foreign investors in English football as there have been good ones, so I think it's personally quite important to remain vigilant in this area.


gary jones
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Heisenberg
September 12, 2024, 6:53pm
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Quoted from Blundellite
But when does 1.5 million pounds of investment get you 3 points on a Saturday?  In all seriousness it's beyond comprehensible that we get that much initial investment from proven local people and unknown others and it warrants a thread of 4 pages! But if we had lost away at Spalding in the Linc's cup it would warrant 40 pages of doom!! Well done to the board great work 👏🏻👏🏻


This is great news, of course, but when did £1.5m get you a brand new stadium on a Saturday? That’s what we really need. I hope the owners manage to find someone willing to see the dream, but i suspect it’ll never happen as JS and AP actually think our future needs to be at BP.

That’s not being critical, I like the new owners and they’ve done great stuff for the club, but I just wish a new stadium was on their wish list. I don’t think it is.
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Blundellite
September 12, 2024, 6:59pm
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Quoted from Heisenberg


This is great news, of course, but when did £1.5m get you a brand new stadium on a Saturday? That’s what we really need. I hope the owners manage to find someone willing to see the dream, but i suspect it’ll never happen as JS and AP actually think our future needs to be at BP.

That’s not being critical, I like the new owners and they’ve done great stuff for the club, but I just wish a new stadium was on their wish list. I don’t think it is.


True words, I would love to see nothing more than watch town in a new ground before my time is up. surely with more people on board, more money, more business accumen it's got a better chance than before it was announced. It can't be anything but positive news even for this fanbase surely lol
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jimgtfc
September 12, 2024, 7:10pm
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Quoted from Heisenberg


This is great news, of course, but when did £1.5m get you a brand new stadium on a Saturday? That’s what we really need. I hope the owners manage to find someone willing to see the dream, but i suspect it’ll never happen as JS and AP actually think our future needs to be at BP.

That’s not being critical, I like the new owners and they’ve done great stuff for the club, but I just wish a new stadium was on their wish list. I don’t think it is.


I’d love to see us in a new stadium as well but the economics would make it not only a terrible decision but an impossible one. There are no clubs of our size seeking to move at present, only Oxford but they’ve got a championship promotion, wealthy investors and their council on their side. The other one is Everton, look at the mess they’re in! It’ll end up costing them their premier league status.

I don’t think the owners have privately ruled out a new ground long term. I think their strategy will be slower progress, investment in the club as a whole, the training ground, BP, the squad and in time that might lead to a promotion or two, hopefully in slightly better economic climate where a new ground might be feasible.


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HerveJosse
September 12, 2024, 7:23pm
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Quoted from jimgtfc


I’d love to see us in a new stadium as well but the economics would make it not only a terrible decision but an impossible one. There are no clubs of our size seeking to move at present, only Oxford but they’ve got a championship promotion, wealthy investors and their council on their side. The other one is Everton, look at the mess they’re in! It’ll end up costing them their premier league status.

I don’t think the owners have privately ruled out a new ground long term. I think their strategy will be slower progress, investment in the club as a whole, the training ground, BP, the squad and in time that might lead to a promotion or two, hopefully in slightly better economic climate where a new ground might be feasible.


That may because they have already moved or redeveloped their existing ground .

Can you name me another club in the EFL that  hasn’t either moved or redeveloped their existing ground eg built a new stand in the last 30 years.?
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September 12, 2024, 7:38pm

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Quoted from Blundellite


True words, I would love to see nothing more than watch town in a new ground before my time is up. surely with more people on board, more money, more business accumen it's got a better chance than before it was announced. It can't be anything but positive news even for this fanbase surely lol


The more people on the board with business acumen will make a new stadium less likely as they’ll understand,

- We can’t afford it.
- Getting into debt is a non starter
- The council won’t help
- There is no visible enabling project
- There is no visible grant
- Would there be enough interest in corporate or event facilities?
- Would there be a significant long term consistent increase in attendances while we’re in L2?

We all want better facilities for sure but I can’t understand while people keep going on about it as it’s years away.

When did a new stadium ever get you 3 points on a Saturday?



"Crombie you would have got to that if you weren't such a fat ba%$@rd" - George Kerr, inspiration from the dug out 70s style  
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HertsGTFC
September 12, 2024, 7:42pm

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Quoted from HerveJosse


That may because they have already moved or redeveloped their existing ground .

Can you name me another club in the EFL that  hasn’t either moved or redeveloped their existing ground eg built a new stand in the last 30 years.?


Possibly Mansfield? In fact they knocked one down.


"Crombie you would have got to that if you weren't such a fat ba%$@rd" - George Kerr, inspiration from the dug out 70s style  
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Mappers
September 12, 2024, 8:21pm
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I let the dream of a new stadium go about 15-20 years ago, just try and enjoy BP for what it is - sometimes it's a case of be careful what you wish for -  going to Darlington,Colchester , MK , Donny and Oxford etc etc just makes me think how lucky we are to have missed the boat and still have a traditional old football ground - and let's face it ,if it had happened it would probably have  been the worst of the lot  ; Luton haven't done too badly with Kenilworth Road have they .

They are now moving to a new stadium after promotion to the EPL after getting it right with their recruitment and throwing in comparison to others a small amount of money at it - that's the only situation i can ever see a new stadium becoming viable or  required, if we somehow hit the jackpot and go right through the leagues .
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rancido
September 12, 2024, 8:22pm

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Quoted from Heisenberg


This is great news, of course, but when did £1.5m get you a brand new stadium on a Saturday? That’s what we really need. I hope the owners manage to find someone willing to see the dream, but i suspect it’ll never happen as JS and AP actually think our future needs to be at BP.

That’s not being critical, I like the new owners and they’ve done great stuff for the club, but I just wish a new stadium was on their wish list. I don’t think it is.


That's not actually true about JS and AP as regards BP. According to what they said they don't think a new ground is  a priority at the present time. That doesn't mean our future is at BP but it's not the most pressing thing at the moment. With new investors on board and a couple of good seasons, especially if that could culminate in a promotion then the whole situation could change. We are now starting to have a board consisting of experts in the world of finance, property development, technology and business development. This is a far cry from our past when the board consisted of parochial businessmen, fish factory owners, accountants, glorified grocers and other obscure characters whose limit of expertise was within a 40 mile radius of Grimsby.


The Future is Black & White.
"The commonest thing on this planet is not water , as some people believe, but stupidity ". Frank Zappa
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ska face
September 12, 2024, 8:32pm

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Interestingly to see some discussion around filling the corners on Twitter yesterday, few parties suggested crowdfunding as an option & The Trust replied to say:

“This has been looked at by the Club for possible ground improvements in the future, however costs are higher than something we could hope to raise at present.  We think all fans would welcome it and we hope that it’s something that can be looked into again in the future.”

No idea what that figure is though, would be nice to know.
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HertsGTFC
September 12, 2024, 8:34pm

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Quoted from rancido


That's not actually true about JS and AP as regards BP. According to what they said they don't think a new ground is  a priority at the present time. That doesn't mean our future is at BP but it's not the most pressing thing at the moment. With new investors on board and a couple of good seasons, especially if that could culminate in a promotion then the whole situation could change. We are now starting to have a board consisting of experts in the world of finance, property development, technology and business development. This is a far cry from our past when the board consisted of parochial businessmen, fish factory owners, accountants, glorified grocers and other obscure characters whose limit of expertise was within a 40 mile radius of Grimsby.


I think this is a really good point, for the first time in our history we have people on the board who are there for the right reasons and have developed their personal wealth doing business collaboratively the world.

And not a bit of narcissism to be seen anywhere 🙂


"Crombie you would have got to that if you weren't such a fat ba%$@rd" - George Kerr, inspiration from the dug out 70s style  
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Swansea_Mariner
September 12, 2024, 9:37pm
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I'd say attracting inward investment is one of their top three jobs as owners, so this is excellent in that regard. Sterling effort!
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forza ivano
September 12, 2024, 10:11pm

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PS on reflection chris blor might be right to be sceptical about these new investors.  Am sure that Fenty said that there was absolutely nobody local who had money.nor was interested in investing in the club....

Presumably thats why he had to turn to failed racehorse trainers and ex lags?
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September 12, 2024, 10:21pm
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Quoted from forza ivano
PS on reflection chris blor might be right to be sceptical about these new investors.  Am sure that Fenty said that there was absolutely nobody local who had money.nor was interested in investing in the club....

Presumably thats why he had to turn to failed racehorse trainers and ex lags?


For the record.....i am right now and reserve the right to remain,  sceptical about the new investors and I should imagine that will be the case until one of them delivers a half time turn that trumps Wagner.


2024 /2025 LWLWLLWWWLWLWL

2023/24 DLWDDWDLLLWDLLLLWDDDWDLLWLDLLDWDDWLLDWLWLWL but not NLN 😁
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2021/22 WDWWWWDLWWWWLLLWLLDLWLLWWDWWWLWDLWWDWWWDLWD play offs WWW Promoted 🥳
2020/21  LLDWWLDLDWLWLLLDLWLLDLLDLLLWLLLDDDDWDDDLWLWLWL .. hello darkness my old friend
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Mappers
September 12, 2024, 11:08pm
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Quoted from rancido


That's not actually true about JS and AP as regards BP. According to what they said they don't think a new ground is  a priority at the present time. That doesn't mean our future is at BP but it's not the most pressing thing at the moment. With new investors on board and a couple of good seasons, especially if that could culminate in a promotion then the whole situation could change. We are now starting to have a board consisting of experts in the world of finance, property development, technology and business development. This is a far cry from our past when the board consisted of parochial businessmen, fish factory owners, accountants, glorified grocers and other obscure characters whose limit of expertise was within a 40 mile radius of Grimsby.


I always hoped Mike Parker would get back involved , a good guy a really good one- amongst that lot he didn't stand a chance .
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rancido
September 12, 2024, 11:34pm

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Quoted from forza ivano
PS on reflection chris blor might be right to be sceptical about these new investors.  Am sure that Fenty said that there was absolutely nobody local who had money.nor was interested in investing in the club....

Presumably thats why he had to turn to failed racehorse trainers and ex lags?


Nobody interested while he owned the club. Probably too many people savvy to his character and business ways to want to get involved with him. It would appear that Mike Parker sussed him out and soon got out.


The Future is Black & White.
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Northbank Mariner
September 13, 2024, 7:08am
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Quoted from HerveJosse


That may because they have already moved or redeveloped their existing ground .

Can you name me another club in the EFL that  hasn’t either moved or redeveloped their existing ground eg built a new stand in the last 30 years.?


Can you tell me another club, of our size, that stagnated for over 20 years due to an owner who was too busy stroking his own ego rather than looking after a community asset?...
In my lifetime of supporting town this is the most progressive and proactive, off the field,  I've ever seen us and that's very much down ro AP&JS.
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WesternMariner
September 13, 2024, 7:29am

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Listening to DA’s pre Barrow interview it sounds as though the investment has been sorted for a while and the announcement was held back until after the transfer window closed so it didn’t inflate the deals people were asking for. Sensible.


All men are equal before fish.
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September 13, 2024, 9:18am

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Quoted from WesternMariner
Listening to DA’s pre Barrow interview it sounds as though the investment has been sorted for a while and the announcement was held back until after the transfer window closed so it didn’t inflate the deals people were asking for. Sensible.


OMG, the common sense approach, yipeeeeeeee










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September 13, 2024, 2:16pm
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Quoted from WesternMariner
Listening to DA’s pre Barrow interview it sounds as though the investment has been sorted for a while and the announcement was held back until after the transfer window closed so it didn’t inflate the deals people were asking for. Sensible.


and probably to avoid a complete meltdown from the more excitable fans expecting every penny to be spent signing players.
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jamesgtfc
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Once a manager/head coach starts complaining to the media about their budget, their days are usually numbered. A perfectly rational answer from Artell and probably helps control wage expectations from potential targets in January.

Personally, I'd rather see the £1.5m going towards something tangible that we can benefit from for a significant period of time as opposed to a few players that will be somewhere else before we know it.
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September 13, 2024, 2:54pm
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Quoted from Northbank Mariner


Can you tell me another club, of our size, that stagnated for over 20 years due to an owner who was too busy stroking his own ego rather than looking after a community asset?...
In my lifetime of supporting town this is the most progressive and proactive, off the field,  I've ever seen us and that's very much down ro AP&JS.


Agree - even back in 1980, the Findus Stand was a very unambitious replacement for the Barrat, and the tiny share capital inhibited any further development of what was an amazing home grown squad. At the point we were comfortably competing with clubs like Blackburn and Swansea with similar crowds.

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GibMariner
September 14, 2024, 2:50pm
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Good amount to cover losses for now and let’s hope for some football fortune in the meantime or back to square one, as I don’t see sustainability anytime soon.

A win today UTMM 👍👍
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exiledmeggie
September 17, 2024, 12:39pm
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Has the recent investments only covered the costs of running the club for the last two seasons. We have currently progressed no further than the floor of Football League Division 4, where we have stagnated since JF was here.

At present I see another harsh season of struggling to get further up the division.


Living in Exile since 1980, but still have Black and White blood!
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September 17, 2024, 1:13pm
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Quoted from GibMariner
Good amount to cover losses for now and let’s hope for some football fortune in the meantime or back to square one, as I don’t see sustainability anytime soon.

A win today UTMM 👍👍


That's probably too near the truth for some. Yes, it's great but, on it's own, it isn't enough to make a significant impact.
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ska face
September 17, 2024, 1:26pm

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Depends what you spend it on.

Can’t imagine the owners have just gone out cap in hand asking for £1.5m just to go in the general pot.
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September 17, 2024, 2:14pm
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Quoted from exiledmeggie
Has the recent investments only covered the costs of running the club for the last two seasons. We have currently progressed no further than the floor of Football League Division 4, where we have stagnated since JF was here.

At present I see another harsh season of struggling to get further up the division.


Is it because we hold the record for most promotions and relegations that some fans view a promotion, a record FA cup run and a season of transition as stagnation?
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Maringer
September 17, 2024, 3:06pm
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Quoted from ska face
Depends what you spend it on.

Can’t imagine the owners have just gone out cap in hand asking for £1.5m just to go in the general pot.


Scotch eggs do seem to cost a heck of a lot these days, though.
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Mappers
September 17, 2024, 9:33pm
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Quoted from MuddyWaters


That's probably too near the truth for some. Yes, it's great but, on it's own, it isn't enough to make a significant impact.


It's either a massive coincidence that the amount is effectively the same as the seasonal loss since 1878 took over or there is some truth in that .

I'm hoping either way , the new people will be more of an ongoing thing in terms of investment  rather than this being a one off tranche of shares .
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Mappers
September 17, 2024, 9:43pm
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Quoted from Vance Warner


Is it because we hold the record for most promotions and relegations that some fans view a promotion, a record FA cup run and a season of transition as stagnation?


I would think it's more the fact we had some forward momentum for a change and failed to capitalise on both the extra income and feel good factor ; and in some's mind it's back to 'here we go again ' - like I said in another post it's more based on our poor recent history than the here and now imo .
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Swansea_Mariner
September 17, 2024, 10:00pm
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Quoted from Vance Warner


Is it because we hold the record for most promotions and relegations that some fans view a promotion, a record FA cup run and a season of transition as stagnation?


If we finish bottom six again would that be stagnation?  I'm throwing that out genuinely. How far do we need to move the needle to say we've definitely made progress.
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MuddyWaters
September 17, 2024, 10:27pm
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Quoted from Mappers


I would think it's more the fact we had some forward momentum for a change and failed to capitalise on both the extra income and feel good factor ; and in some's mind it's back to 'here we go again ' - like I said in another post it's more based on our poor recent history than the here and now imo .


After two years of success and improvement, last season was a step backwards again in most fans eyes. Unless we regain some momentum, there’s likely to be an inevitable feeling of ‘here we go again’ - let’s face it, after two decent home performances, a gate of 5400 isn’t a ringing endorsement.
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HertsGTFC
September 17, 2024, 10:33pm

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Quoted from exiledmeggie
Has the recent investments only covered the costs of running the club for the last two seasons. We have currently progressed no further than the floor of Football League Division 4, where we have stagnated since JF was here.

At present I see another harsh season of struggling to get further up the division.


Nonessential


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grimps
September 18, 2024, 5:25am
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Well unless some of this money finds its way into recruiting new better players than its a waste , we can have all the new posts in the Main stand and scotch eggs you like but if we finish near the bottom again people Won't be buying into the owners or the manager's vision
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All those years in non league, where we are now is a success. All those years in the Championship, where we are now is a failure. Depends how you look at it.

Personally i can live with us being L2 strugglers with an occasional good win at BP to raise the spirits. Even one of those lovely turns from the Icelander, a battle ram run from Green or a pinpoint pass from Warren can dance in the memory during the week to keep the love alive.
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1mickylyons
September 18, 2024, 7:35am
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Whilst I accept the games changed since our Championship days I really do struggle with seeing us fail to master teams with 2-3k fans over 46 games.The gulf in budgets should be huge when you think replica shirts and matchday sales of food,drink,programme etc? If we had a bad season or two and finished behind these teams fair enough but were talking over 20 years now. I look at League 2 and see no plausible reason Grimsby shouldn't be challenging for the play offs? Based on nothing at all I think we will come good and challenge this season and anything less than a top half finish is unacceptable to me.UTM
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exiledmeggie
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Quoted from Vance Warner


Is it because we hold the record for most promotions and relegations that some fans view a promotion, a record FA cup run and a season of transition as stagnation?


Oh I got it wrong, we’re not in stagnation. We are in permanent transition, as we hold the record for most promotions and relegations. At least that gives us something to play for!


Living in Exile since 1980, but still have Black and White blood!
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gtfc_chris
September 18, 2024, 8:15am
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Quoted from Swansea_Mariner


If we finish bottom six again would that be stagnation?  I'm throwing that out genuinely. How far do we need to move the needle to say we've definitely made progress.


I think this one depends on your long term, wide-world view or whether you allow recent history to be your comparison.

If we improve our league position and points accrued every season for the next 10 years, making the play-offs in the final one, then technically that's progress. It's slow and it might not be significantly discernible but it is progress and for some that might be acceptable. Certainly over the next 2-4 years I think that type of progress shouldn't be downplayed.

Thinking more wide-world, then the summit would be Premier League. Now before everyone goes mental, I'm not for one second suggesting we should harbour thoughts of playing in the Premier League anytime soon. But why shouldn't that be somewhere in the clubs aspiration. I'm sure Brighton, Brentford, Hull, Huddersfield, Bournemouth fans would have viewed you as completely insane if you'd suggested they could play in the Premiership if you'd ask them 30 years ago. Ask Luton fans if they thought they'd be in the Premier League 10 years ago!

Taking the above further, what I'm getting at is that a few more points than the season before isn't really progress when placed against the pursuit of the higher level aspiration (whether that was Premier League, Championship or high end L1).

Link that to the conversation in the Just Back thread, this is where I'm of the belief there's still a few years of getting all the foundations set, the training ground is clearly one the owners believe is important and I'm sure they're as frustrated as us at the slow pace that appears to be moving. You've then got getting a scouting and recruitment setup working efficiently, a style of football that syncs with recruitment and has been proven with results and then the business related side working as well as it can be. There are no rules that suggest you can't progress without these things in place but I truly think that having your house in order is the cornerstone of continued, sustained success, not just a positive blip on the historical timeline before a steady flatline back in L2 wilderness.
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Watch and Shoot
September 18, 2024, 8:51am
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Quoted from gtfc_chris


I think this one depends on your long term, wide-world view or whether you allow recent history to be your comparison.

If we improve our league position and points accrued every season for the next 10 years, making the play-offs in the final one, then technically that's progress. It's slow and it might not be significantly discernible but it is progress and for some that might be acceptable. Certainly over the next 2-4 years I think that type of progress shouldn't be downplayed.

Thinking more wide-world, then the summit would be Premier League. Now before everyone goes mental, I'm not for one second suggesting we should harbour thoughts of playing in the Premier League anytime soon. But why shouldn't that be somewhere in the clubs aspiration. I'm sure Brighton, Brentford, Hull, Huddersfield, Bournemouth fans would have viewed you as completely insane if you'd suggested they could play in the Premiership if you'd ask them 30 years ago. Ask Luton fans if they thought they'd be in the Premier League 10 years ago!

Taking the above further, what I'm getting at is that a few more points than the season before isn't really progress when placed against the pursuit of the higher level aspiration (whether that was Premier League, Championship or high end L1).

Link that to the conversation in the Just Back thread, this is where I'm of the belief there's still a few years of getting all the foundations set, the training ground is clearly one the owners believe is important and I'm sure they're as frustrated as us at the slow pace that appears to be moving. You've then got getting a scouting and recruitment setup working efficiently, a style of football that syncs with recruitment and has been proven with results and then the business related side working as well as it can be. There are no rules that suggest you can't progress without these things in place but I truly think that having your house in order is the cornerstone of continued, sustained success, not just a positive blip on the historical timeline before a steady flatline back in L2 wilderness.


So, what we are saying, and I do not disagree, is that the last 20 odd years has basically set us back 30 years.  There is of course this old chestnut that JF never took us into administration and the club should be grateful - would it have been any worse, I am certain, however controversial my comments, that any reformation would have been successful post administration.

I think we are 3-5 years away from being established in the Football League again and being able to say the correct foundations for a successfully run club are in place, whilst admirable the efforts at the moment are more firefighting and righting wrongs.  That doesn't mean we can't flirt with play-offs etc, doesn't mean we can't upset the odd apple cart.  I think we are too good to go down this year - doesn't mean we won't though, just like we are not good enough to be in the play-offs at present but stranger things have happened.
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Mappers
September 18, 2024, 9:15am
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Quoted from Watch and Shoot


So, what we are saying, and I do not disagree, is that the last 20 odd years has basically set us back 30 years.  There is of course this old chestnut that JF never took us into administration and the club should be grateful - would it have been any worse, I am certain, however controversial my comments, that any reformation would have been successful post administration.

I think we are 3-5 years away from being established in the Football League again and being able to say the correct foundations for a successfully run club are in place, whilst admirable the efforts at the moment are more firefighting and righting wrongs.  That doesn't mean we can't flirt with play-offs etc, doesn't mean we can't upset the odd apple cart.  I think we are too good to go down this year - doesn't mean we won't though, just like we are not good enough to be in the play-offs at present but stranger things have happened.


I think improving off the pitch is as important as on it , at least if it goes wrong on it you are seeing some tangible progress in another way , I suppose the issue is it's been that bad on it for so  long and that's a higher priority for a lot of fans rather than any long term plan , improvements away from Saturday ; there's not much room to breath or time given for a more linear /sensible approach .

I agree with much of what Chris says in his posts - it's logical and sensible - that's how 1878 want to run the club and I like it ; in any other business you would say progressive really .


The contradiction is football is seemingly illogical in that however way you look at it capital in the short/medium term is king which is not something I particularly like , but the reality is we could streamline everything , get it right - yet York , FGR , Salford etc could just throw a load of money at it and bypass us even in league 2.

The main positive so far on the pitch for me  , even though it's early days is the recruitment process looks to have identified at least 2 potential gems  in Mcjannett and Dadi who if they kick on could bring some decent money into the club at some point .


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ska face
September 18, 2024, 9:44am

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Still very light on detail from the club this, would’ve expected something a bit more detailed than 2 mins from the Chairman - this should be really, really good news and should be sold that way!

Matt Dean & Crofty briefly spoke about it before the match on Saturday but there wasn’t really anything new (21:30 onwards) -

https://www.bbc.co.uk/sounds/play/p0jlwkrm?partner=uk.co.bbc&origin=share-mobile

If this has been months in the making, I don’t understand why the club haven’t put together a little profile or intro piece for the new investors.
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Maringer
September 18, 2024, 9:58am
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Quoted from ska face
If this has been months in the making, I don’t understand why the club haven’t put together a little profile or intro piece for the new investors.


Do they want to remain low-profile, perhaps? As long as they aren't crooks, I'm not really bothered who they are, truth be told. We know there isn't any prospect of making a profit from a lower-division club so they can't be in it for the money.
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Zmariner
September 18, 2024, 10:17am
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Quoted from Swansea_Mariner


If we finish bottom six again would that be stagnation?  I'm throwing that out genuinely. How far do we need to move the needle to say we've definitely made progress.


I would say yes. If we are to continue as a bottom feeder which is clearly what we are it will be very difficult to maintain support. It feels like ground hog day and among my group apathy is growing. Same crap, another season. We have all abandoned away games as we are even worse away. I hope the return of Thompson and Tharme can add some steel to this team which is on the whole gutless. Rant over and onto Bromley which is a must not lose for me or the natives will get restless utm
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ska face
September 18, 2024, 10:27am

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The way I see it, you want to be absolutely hammering any good news coming out of the club - is this the single biggest one off cash injection we’ve had?

Especially if what you’re looking for, long term, is more of the same with successful town fans getting involved in that way - small share purchase, limited responsibility - just sell it as something overwhelmingly positive.

Also worth getting ahead of the shouts coming in January that we’re sat on £1.5m so why aren’t we buying x,y,z? If the investment is ringfenced for specific projects, as previously suggested, just be clear and set some realistic expectations.
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sam gy
September 18, 2024, 10:30am
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Quoted from 1mickylyons
Whilst I accept the games changed since our Championship days I really do struggle with seeing us fail to master teams with 2-3k fans over 46 games.The gulf in budgets should be huge when you think replica shirts and matchday sales of food,drink,programme etc?


Someone with a better grasp on this would be able to say, as i don't really know to be honest, but i do get the impression that these days, attendances etc are really not the main indicator on whether you have a bigger budget (and in turn, a better/more successful team). It plays a part, of courtse, but not the main indicator.....football clubs have income from all sorts of different streams and investors.


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jamesgtfc
September 18, 2024, 12:13pm
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Quoted from ska face
The way I see it, you want to be absolutely hammering any good news coming out of the club - is this the single biggest one off cash injection we’ve had?

Especially if what you’re looking for, long term, is more of the same with successful town fans getting involved in that way - small share purchase, limited responsibility - just sell it as something overwhelmingly positive.

Also worth getting ahead of the shouts coming in January that we’re sat on £1.5m so why aren’t we buying x,y,z? If the investment is ringfenced for specific projects, as previously suggested, just be clear and set some realistic expectations.


Fully agree that the club should be spinning it positively and getting on the front foot regarding January criticism.

Jason always said that the best time to get investment is when you don't need it, so I really hope this £1.5m isn't simply plugging a financial gap in the budget for this season. Personally, I want to see it spent on long-lasting projects.
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Roast Em Bobby
September 18, 2024, 12:27pm
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Quoted from jamesgtfc


Fully agree that the club should be spinning it positively and getting on the front foot regarding January criticism.

Jason always said that the best time to get investment is when you don't need it, so I really hope this £1.5m isn't simply plugging a financial gap in the budget for this season. Personally, I want to see it spent on long-lasting projects.


I'm pretty certain that JS has already said in an interview that the new investors are there to help spread the pain of the losses being made with the current level of funding. Which seems fair enough given they've already covered several million of losses between them.
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HerveJosse
September 18, 2024, 9:24pm
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Read the words carefully.
JS and AP have sold a minority interest in 1878 to new shareholders.
Nothing here to suggest £1.5m of new money is coming into GTFC Ltd.
It’s clearly either returning funds to JS and AP that they already injected or covering what they would shortly have had to inject to cover last and this years losses.
Had this been extra funding there would have been much more of a fanfare from the club about it
On a seperate matter still nothing filed at Companies House to indicate any conversion of the loan from 1878 into equity
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Northbank Mariner
September 19, 2024, 7:10am
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Quoted from HerveJosse
Read the words carefully.
JS and AP have sold a minority interest in 1878 to new shareholders.
Nothing here to suggest £1.5m of new money is coming into GTFC Ltd.
It’s clearly either returning funds to JS and AP that they already injected or covering what they would shortly have had to inject to cover last and this years losses.
Had this been extra funding there would have been much more of a fanfare from the club about it
On a seperate matter still nothing filed at Companies House to indicate any conversion of the loan from 1878 into equity


Aye, nothing like trying to make investment look a bad thing eh Herve?..unless its going to Sir John's coffers from convicted fraudsters....
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forza ivano
September 19, 2024, 8:44am

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Quoted from HerveJosse
Read the words carefully.
JS and AP have sold a minority interest in 1878 to new shareholders.
Nothing here to suggest £1.5m of new money is coming into GTFC Ltd.
It’s clearly either returning funds to JS and AP that they already injected or covering what they would shortly have had to inject to cover last and this years losses.
Had this been extra funding there would have been much more of a fanfare from the club about it
On a seperate matter still nothing filed at Companies House to indicate any conversion of the loan from 1878 into equity


wow, it's taken you far longer than I expected to come up with your inevitable negativity.
Well done for managing it come up with something though!
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ska face
September 19, 2024, 8:46am

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Quoted from HerveJosse
Read the words carefully.
It’s clearly either returning funds to JS and AP that they already injected or…


How is it clear?

Some pitch that would be. “Hi guys, me and my partner have chucked £4m down a black & white hole and would like some back. Unlikely to get it from the club, so can you give me it please?
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Southwark Mariner
September 19, 2024, 9:11am
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Black and white hole  
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Mikey_345
September 19, 2024, 9:32am
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Quoted from HerveJosse
Read the words carefully.
JS and AP have sold a minority interest in 1878 to new shareholders.
Nothing here to suggest £1.5m of new money is coming into GTFC Ltd.
It’s clearly either returning funds to JS and AP that they already injected or covering what they would shortly have had to inject to cover last and this years losses.
Had this been extra funding there would have been much more of a fanfare from the club about it
On a seperate matter still nothing filed at Companies House to indicate any conversion of the loan from 1878 into equity


Wondered how long it would take you. This would be quite a stretch even if we didn't have the evidence of an increase of shares being purchased in the club - which sort of kills your point. 4.5million to 6.1million - there's your new investment...

If your point is 'oh well they'd have to have paid that anyway next year to cover the losses' then I'm not sure how anyone can argue more people shouldering the burden doesn't equal a longer term benefit for the club, both in terms of monetary and expertise value.

Must be tough for many fans of the previous regime seeing this though. Clever business people, who are fans - able to attract other likeminded people with a few quid investing a decent amount of it in the club to fix the fundamental problems left to fester for decades by others... A far cry away from convicted fraudsters, a chairman with only 5k in shares and Holloway's 100k isn't it.


All Town aren’t we

@GTFCLondon

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HerveJosse
September 19, 2024, 10:38am
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Quoted from Mikey_345


Wondered how long it would take you. This would be quite a stretch even if we didn't have the evidence of an increase of shares being purchased in the club - which sort of kills your point. 4.5million to 6.1million - there's your new investment...

If your point is 'oh well they'd have to have paid that anyway next year to cover the losses' then I'm not sure how anyone can argue more people shouldering the burden doesn't equal a longer term benefit for the club, both in terms of monetary and expertise value.

Must be tough for many fans of the previous regime seeing this though. Clever business people, who are fans - able to attract other likeminded people with a few quid investing a decent amount of it in the club to fix the fundamental problems left to fester for decades by others... A far cry away from convicted fraudsters, a chairman with only 5k in shares and Holloway's 100k isn't it.


The issue of new shares by 1878 is no evidence of where the money went on receipt .
1878 was until recently entirely funded by loans from JS and AP . The last accounts to 31May 2023 show the balance at £3.8m . They have indicated several times that they have injected further funds since then . It is entirely possible that the share issue to new investors was partly used to repay there loans
A confidence or a clue possibly is  the extraordinary note in those accounts which I suggest you read that basically say a loan from JS and AP of £1.5m was accidentally missed out the previous years accounts . The same amount that has now come in from new shareholders.
Nothing is clear but I say again if this was new money available to GTFC they would surely have said so.
I have no agenda for or against the current owners . I read what I see and make my own judgement based on the facts available and as I did when I called out Fenty for taking out £50k a year pension contributions from the club many years ago and when most on here felt he was our saviour .
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sam gy
September 19, 2024, 10:43am
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If the money wasn't going into GTFC at all - then why the hell would they mention it in interviews in the build up to it happening, or post an interview about it from the club's official channels?


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Mikey_345
September 19, 2024, 10:50am
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Quoted from HerveJosse


The last accounts to 31May 2023 show the balance at £3.8m . They have indicated several times that they have injected further funds since then . It is entirely possible that the share issue to new investors was partly used to repay there loans
A confidence or a clue possibly is  the extraordinary note in those accounts which I suggest you read that basically say a loan from JS and AP of £1.5m was accidentally missed out the previous years accounts . The same amount that has now come in from new shareholders.



3.8 + 1.5 is 5.3. (Of course all these figures are rounded numbers so not exact). Which is about the same amount of shares bought initially and reported to Companies House on 5th August. So that pretty much covers those figures and is the figure Jason and Andrew have funded to the club.

Currently we have 6.1 million of shares issued following a second purchase of 1.6million registered at the same day at a higher price per share. All looks pretty clear to me a purchase via new investment...

Even IF this was to repay what Jason and Andrew have put in none of us have any knowledge if they'd have been able to do so initially without the prospect of further investment to recoup.


All Town aren’t we

@GTFCLondon

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HerveJosse
September 19, 2024, 10:51am
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Quoted from sam gy
If the money wasn't going into GTFC at all - then why the hell would they mention it in interviews in the build up to it happening, or post an interview about it from the club's official channels?


Because we have new shareholders / co owners as a result
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HerveJosse
September 19, 2024, 10:53am
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Quoted from Mikey_345


3.8 + 1.5 is 4.3. (Of course all these figures are rounded numbers so not exact). Which is about the same amount of shares bought initially and reported to Companies House on 5th August. So that pretty much covers those figures and is the figure Jason and Andrew have funded to the club.

Currently we have 6.1 million of shares issued following a second purchase of 1.6million registered at the same day at a higher price per share. All looks pretty clear to me a purchase via new investment...


I don’t think 3.8 plus 1.5 is 4.3 but what do I know
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Mikey_345
September 19, 2024, 11:22am
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Quoted from HerveJosse


I don’t think 3.8 plus 1.5 is 4.3 but what do I know


Yeah, fat fingers - my bad.

Anyway the accounts state a debt of just over 3million as of May 23, that’s along way from 6.1million.


All Town aren’t we

@GTFCLondon

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HerveJosse
September 19, 2024, 11:35am
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Quoted from Mikey_345


Yeah, fat fingers - my bad.

Anyway the accounts state a debt of just over 3million as of May 23, that’s along way from 6.1million.


£3.8m not £3.1 and two seasons funding will have gone in since then
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Mappers
September 19, 2024, 11:46am
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I don't really get your narative Herve tbh , I mean it Could be to cover the costs for this upcoming season or something else we don't really know yet  ; i doubt it's to pay anything or them from the past because that would just leave them having to find even more capital to cover this season from either themselves or the new donors.

It's not even in the club (yet) ,but the hard facts are that they have funded the club since they took over because like all other clubs it's technically insolvent , a loss making business and without them propping it up would be owing money all over the place because the natural income doesn't anywhere near cover costs .

They are hardly out there to pull the wool over people's eyes or take a chunk of money out of the club
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pen penfras
September 19, 2024, 1:16pm

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I don't see how people putting money into the club can be considered a bad thing, we need to spend money to stop being bottom feeders and whether it's new people or JS and AP, it doesn't really matter. Hopefully it's been spent well enough that we can have a playoff push and not see gates drop.

My concern is that we have no headroom. Off the field costs are much higher and gates have already dropped. How much more can they drop without the bottom falling out?

It's hard to understand football economics, if you run it like a normal business you fall behind. But when does it become unsustainable and will we be left in a mess should these investors decide they've had enough? It's the same thing you all say to that imp fella who's always on here winding us up. Nobody knows the answer, but I suspect our protection is that the budget is still small and that's why we're still excrement.
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