Investment

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.

Tech Bros Town

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!!!

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!

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?

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 .

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.

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  

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.

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.