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80sglory |
September 19, 2011, 7:18pm |
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Pull his money out if it left us in financial trouble ?
Would he be right or wrong to ?
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aldi_01 |
September 19, 2011, 7:24pm |
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If he did some would question his so called true support for the club...
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| 'the poor and the needy are selfish and greedy'...well done Mozza |
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lawless29 |
September 19, 2011, 7:24pm |
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Quoted from 1600
Pull his money out if it left us in financial trouble ?
Would he be right or wrong to ?
john fenty will only do what suits john fenty so he probally will take his cash back
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Paris Mariner |
September 19, 2011, 7:25pm |
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It's his money so he can do what he likes - there's no right or wrong about it.
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we will return |
September 19, 2011, 7:25pm |
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Surely he loves the club too much to take his money out if it left us in trouble. He's put enough of his money and its him he choses what to do with it so if he stops the money then he's right to do so.
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psgmariner |
September 19, 2011, 7:30pm |
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Great poll.
Like everyone else on here, I have no fukking idea what he wants to do so voted accordingly.
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80sglory |
September 19, 2011, 7:44pm |
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Great poll.
Like everyone else on here, I have no fukking idea what he wants to do so voted accordingly.
No need to be ratty it's a fair enough question to ask. If he does and GTFC go under will you still be defending him ? I can understand his frustration but Mike Parker kept investing his money whilst not being on the board so what's the difference - Fenty has invested a lot more ? Will be scant consolation for the fans if the worst happens but I'm hopeful it can be avoided. Like JT said, the best scenario is one where everyone works together.
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Garth |
September 19, 2011, 7:45pm |
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john fenty will only do what suits john fenty so he probally will take his cash back
Disagree he has said many times his loans are benign
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aldi_01 |
September 19, 2011, 7:51pm |
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He keeps talking about the money he's put in but then agaian, it isn't as much as some and he has left intercourse all to show for it in all honesty and surely if he keeps talking about the money the club is losing, is there actually any money for him to take out???
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| 'the poor and the needy are selfish and greedy'...well done Mozza |
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80sglory |
September 19, 2011, 7:57pm |
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Disagree he has said many times his loans are benign
Agreed but that's only the loans, what about his continued support ? "Mr Fenty explained that the Club continues to lose money and whilst he had held a controlling interest in the Club, he felt obliged to ensure the Club remained a going concern by providing the funds himself. " Lost of past tenses there - slightly worrying ! But then again... "Mr Fenty is most concerned that the company must be able to meet the test of remaining a going concern" Could it be he's saying to Parker "come on then let's see YOU run or help run the club" ? Has he resigned FOR NOW to force Parkers hand ? What about a scenario where Parker wants to invest but doesn't want the chairmanship and Fenty gets re-elected ?!
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nelly_gtfc |
September 19, 2011, 8:00pm |
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Everything Fenty has put into the club was converted into shares, so he would have to sell the actual shares to aquire his money back and who would buy them at the value he paid for them? [url=http://www.thisisgrimsby.co.uk/Club-s-agm-tackle-share-issue/story-11528360-detail/story.html] http://www.thisisgrimsby.co.uk/Club-s-agm-tackle-share-issue/story-11528360-detail/story.html[/url] theicenian confirmed this in a post earlier this year prior to him passing away.
What loans? The loans were converted to shares apart from the one from JF's company which was being paid back as a pension fund.
[url=http://www.thefishy.co.uk/cgi-bin/forum/Blah.pl?m-1309341084/s-72/#num72] http://www.thefishy.co.uk/cgi-bin/forum/Blah.pl?m-1309341084/s-72/#num72[/url] The budget has already been placed for this season, anything after that well anything could happen, takeover, administration - the burden of players on contracts longer than the current season etc, we will just have to wait and see.
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