|
Ipswin |
November 25, 2011, 12:35pm |
|
Vodka Drinker
Posts: 6,592
Posts Per Day: 1.11
Reputation: 51.24%
Rep Score: +44 / -47
Approval: -3,552
Gold Stars: 89
|
If I had the clout that GTST now has, I would have wanted to see some detail as to how the board plan to make the books more balanced and less reliant on JF - surely it's in his interests too?
Really? or could it be that the lack of a plan that might make the club less, and ultimately not at all, reliant on Fenty is exactly what he wants? It might be interpreted that he actually enjoys the control and power he has at BP
|
| |
|
Logged |
|
|
|
|
MuddyWaters |
November 25, 2011, 12:44pm |
|
Barley Wine Drinker
Posts: 14,028
Posts Per Day: 2.60
Reputation: 68.15%
Rep Score: +48 / -24
Approval: +31,883
Gold Stars: 230
|
Really? or could it be that the lack of a plan that might make the club less, and ultimately not at all, reliant on Fenty is exactly what he wants? It might be interpreted that he actually enjoys the control and power he has at BP
He might enjoy the control and power but surely he would want to minimise his risk or is he prepared to continue funding the club sufficiently until we return to The Football League?
|
|
Logged |
|
|
|
|
Quagmire |
November 25, 2011, 12:59pm |
|
Table Wine Drinker
Posts: 777
Posts Per Day: 0.13
Reputation: 93.41%
Rep Score: +19 / 0
Approval: +929
Gold Stars: 43
|
He maintained that control needs to be within the Board Room and i can see this.
The club needs 500k to finish this financial year till May and forecasts a further 500k needed for next season.
If control needs to be in the Boardroom then why doesn't he convert his loans into shares? By doing so control can then return to the Boardroom and it, in my opinion, shows that he is optimistic about the future of the club and he has faith in his own ability to turn the club around. By keeping his investment in loans he could be accused of hedging his bets ie if the club goes to the wall he will get something back if his money is in loans, whereas as a shareholder he won't get anything back. Personally I would prefer him to make share acquisitions rather than additional directors loans. Finally, is the 500k needed to get through to the end of the season in addition to the 1 million pound funding requirement that was agreed upon, and which Parker paid his 500k funding which caused this latest debacle, or is it 500k that Fenty promised but is yet to put in?
|
|
|
|
|
FishOutOfWater |
November 25, 2011, 1:50pm |
|
Barley Wine Drinker
Posts: 12,827
Posts Per Day: 2.15
Reputation: 87.01%
Rep Score: +52 / -7
Location: Goole
Approval: +6,564
Gold Stars: 37
|
Really? or could it be that the lack of a plan that might make the club less, and ultimately not at all, reliant on Fenty is exactly what he wants?
It might be interpreted that he actually enjoys the control and power he has at BP
Careful....speculation about JF's intentions could be negatively construed if you don't have any evidence to back up what you've written
|
|
|
|
|
Informer the real one |
November 25, 2011, 5:07pm |
|
Coke Drinker
Posts: 25
Posts Per Day: 0.01
Reputation: 68.37%
Rep Score: +1 / -2
|
Finally, is the 500k needed to get through to the end of the season in addition to the 1 million pound funding requirement that was agreed upon, and which Parker paid his 500k funding which caused this latest debacle, or is it 500k that Fenty promised but is yet to put in?
As i understand it Qauggy Mr Fenty and Mr Parker jointly agreed to fund the club 50/50. 150k of the 500k Parker put in was for last season and 350k was towards this season. It appears Mr Parker then left the Board and decided he wanted something tangible and publicly bought 500ks worth of shares. Strictly speaking this is a capital acquisition and not sharing in the losses as was agreed. I think publicly Mr Fenty has mentioned a broken agreement and at the AGM he has said the club needs 500k more just to complete the season a tab which some think he and he alone should pay. Not taking sides, but has there not been a material breakdown? Fenty/Parker agreement 350k each for this season or sharing in the losses of GTFC. It clearly looks like losses being the greater. Break down/reneging, should he shouldn't he. Well I wouldn't!!!!!!!!!!!!!!!!!
|
|
|
|
|
marinerjase |
November 25, 2011, 6:29pm |
|
Champagne Drinker
Posts: 2,117
Posts Per Day: 0.36
Reputation: 93.06%
Rep Score: +31 / -1
Location: Grimsby
Approval: +2,608
Gold Stars: 146
|
So is the Trust position now to help Fenty with financing the club? Or is that not the case?
|
| ‘I just f*cking threw myself at it’
Mani D 23 May 2022 |
|
|
|
|
Ipswin |
November 25, 2011, 7:51pm |
|
Vodka Drinker
Posts: 6,592
Posts Per Day: 1.11
Reputation: 51.24%
Rep Score: +44 / -47
Approval: -3,552
Gold Stars: 89
|
is he prepared to continue funding the club sufficiently until we return to The Football League?
No fuker has that much money, the way he runs things he will be a) bankrupt or b) dead long before that happens (if it ever does)
|
| |
|
Logged |
|
|
|
|
Ipswin |
November 25, 2011, 7:54pm |
|
Vodka Drinker
Posts: 6,592
Posts Per Day: 1.11
Reputation: 51.24%
Rep Score: +44 / -47
Approval: -3,552
Gold Stars: 89
|
Careful....speculation about JF's intentions could be negatively construed if you don't have any evidence to back up what you've written
No problem - conversely it could also be interpreted that he actually hates the control and power he has at BP (I doubt it tho' somehow don't you - I reckon I was closer first time)
|
| |
|
Logged |
|
|
|
|
Meza |
November 25, 2011, 11:14pm |
|
Posts: 9,711
Posts Per Day: 1.84
Reputation: 94.61%
Rep Score: +78 / -3
Location: Lincoln
Approval: +1,634
Gold Stars: 50
|
Doesn't it say in the GET that GTFC will not be part time next year, and although he is disappointed with our current position this is the first time we have had a manager(s) that ate striving to bring success to this club which I'm sure we can all agree is a good thing.
Regarding the board I'm sure the trust had no option up allow JF back onto the board there is no-one else. Are the trust able to sell the shares? Forgive me but this is a grey area for me.
|
| [URL=https://imgur.com/VCxdH2Y][IMG]https://i.imgur.com/VCxdH2Ys.jpg[/IMG][/URL][URL=https://imgur.com/uMRVvRe][IMG]https://i.imgur.com/uMRVvRes.jpg[/IMG][/URL][URL=https://imgur.com/5p7nllT][IMG]https://i.imgur.com/5p7nllTs.jpg[/IMG][/URL][URL=https://imgur.com/46BEw5M][IMG]https://i.imgur.com/46BEw5Ms.jpg[/IMG][/URL][URL=https://imgur.com/06NXnQF][IMG]https://i.imgur.com/06NXnQFs.jpg[/IMG][/URL]
My Grimsby Legends |
|
|
|
|
DavidB |
November 26, 2011, 1:13am |
|
Table Wine Drinker
Posts: 710
Posts Per Day: 0.12
Reputation: 89.09%
Rep Score: +16 / -1
Approval: +192
|
Doesn't it say in the GET that GTFC will not be part time next year, and although he is disappointed with our current position this is the first time we have had a manager(s) that ate striving to bring success to this club which I'm sure we can all agree is a good thing.
?!
|
|
|
|
|