Fenty Resigns!!!

Quoted from Martz86

I'm wondering if Mike has called in this Take Over Panel company to oust Fenty so he can take control of the club

Sorry to say  Martz86 but you could not be further away from the facts.
There’s been some very clever clandestine moves taking place of late.
In the ruthless business world one must be prepared to be able to take a step down to pave the way for taking a step up to achieve ones target. Bit like being prepared to lose a penny instead of a pound.

Time will show John Fenty will come out of this minor issue the winner, he’s Teflon coated and a born survivor.

Dallas - J R Ewing ---- GTFC - J S Fenty - no contest mark my words.

Steve.  

Quoted from Abdul19

You could say the same about Adolf Hitler's rule of Germany. (No, I'm not comparing the two).

I'm with Denby and Headingley Mariner (and others) on this one

Well if your not comparing the two what are you saying? Hitler didn't do it for the good of his country, he did it all for himself. Fenty did it for fans like you to have something to cheer about, he failed slightly but I believe we would've got out the conference within 4 seasons with him in charge. This new news will almost inevitably slash the wage budget again, making it that bit harder to escape. But thats alright isn't it, because you were all right about Fenty so the consequences of him going pale into insignificance

Quoted from TheRealDimbo

Sorry to say  Martz86 but you could not be further away from the facts.
There’s been some very clever clandestine moves taking place of late.
In the ruthless business world one must be prepared to be able to take a step down to pave the way for taking a step up to achieve ones target. Bit like being prepared to lose a penny instead of a pound.

Time will show John Fenty will come out of this minor issue the winner, he’s Teflon coated and a born survivor.

Dallas - J R Ewing ---- GTFC - J S Fenty - no contest mark my words.

Steve.  

But how will GTFC come out of it?

Quoted from GrimRob

To all those celebrating I would say be careful for what you wish for. This could be terminal.

This is a very unsettling development. Boardroom stability and a consistent strategy are two pre-requisites for a successful club, and it's clear that since the traumatic events last February GTFC has neither of these. Obviously something went drastically wrong with the Board relationships around that time - I'm not at all clear what went on then, nor the various machinations since - but there appears to be some sort of power struggle going on and lack of harmony amongst the Directors and major investors - difficult to read who's aligning with whom, or manoeuvring for position.

JF has resigned because of an independent Takeover Panel investigation, because it's unclear both whether rules have been breached and what MP's intentions might be. Obviously these developments will force a resolution of the latter - but without inside knowledge it seems presumptory to assume that MP either wants or will take over.

There have been several occasions in the history of GTFC where Boardroom uncertainty or trouble has overshadowed the club, usually with disruptive effect. What makes this more worrying is both our non-league position and our operational financial situation - there is a real risk that this could set off a sequence of events that result in the eventual folding of the club. Obviously that's a pessimistic outcome - but a possibility. Let's hope that things develop in a more positive way.  

Quoted from pontoonlew

Fenty did it for fans like you to have something to cheer about, he failed slightly but I believe we would've got out the conference within 4 seasons with him in charge.

ah right, you're a wind up, carry on sir

I just hope that the clubs "benign" debt to J F is not attracting interest, if it is then Town are f##ked!

The resignation may be because Fenty has realised that H & S are not the answer & 17th. in the table is just about par for this administration.

Next year I believe that the parashute payments will have stopped, & maybe J F has done his sums & the financial input required would just be too much to bare.

This bl##dy recession is getting worse I.M.O., Last Saturday 7 League 2 clubs attracted less than 2,500, seems like a good time for a chairman to "jump ship" to me.

Do you think that the "we've no fu##ing money" rant was based on insider knowledge of Fenty's resignation?

Quoted from pontoonlew

Well if your not comparing the two what are you saying? Hitler didn't do it for the good of his country, he did it all for himself. Fenty did it for fans like you to have something to cheer about, he failed slightly but I believe we would've got out the conference within 4 seasons with him in charge. This new news will almost inevitably slash the wage budget again, making it that bit harder to escape. But thats alright isn't it, because you were all right about Fenty so the consequences of him going pale into insignificance

Failed slightly is being a touch generous dont you think?
What gave you the idea we would be promoted from the conference within four seasons? Could it be fenty admitting at the fans forum that town becoming part time was a possibility in the future or is it his dazzling record for leading us to promotions and success.

Your defending a man that has done serious damage to this football club and left it in a complete mess, a mess that it may not recover from.

Bit more info [url][/url]http://www.grimsby.vitalfootball.co.uk/sitepage.asp?a=201220

Fenty’s gone, Furneaux’s gone and Parker’s not interested. Now all you idiots who thought there was a sugar daddy in waiting? David Ross seems really keen doesn’t he? Fenty must be mad for keeping the club going for the past 7 years, especially when people like the high and mighty students that run codalmighty are always mocking him. R.I.P Grimsby Town football club.

Quoted from Rich Boy

Fenty’s gone, Furneaux’s gone and Parker’s not interested. Now all you idiots who thought there was a sugar daddy in waiting? David Ross seems really keen doesn’t he? Fenty must be mad for keeping the club going for the past 7 years, especially when people like the high and mighty students that run codalmighty are always mocking him. R.I.P Grimsby Town football club.

Looks like you'll have to step in and save us then.