Mariners Trust - Seat on GTFC Board

Quoted from Rodley Mariner

VOR - you're clearly a pretty intelligent bloke but do you seriously think that's it feasible for the Trust to open this vote up to all Town 'fans'? Even if it is, wouldn't the Trust effectively be finishing itself off? Why would anybody bother to join if you can influence its actions and have an equal say in what it does and how it operates without doing so?

This would be absolutely right if the re-named Mariners Trust hadn't had to deal with such a mammoth decision as soon as it re-invented itself. I think it's unfortunate and unfair that such a fledgling group has been put under so much duress during its' infancy.

This isn't a comment on the individuals involved - it's a comment against the 'carrot & stick' that have been dangled their way.

Quoted from MuddyWaters

This would be absolutely right if the re-named Mariners Trust hadn't had to deal with such a mammoth decision as soon as it re-invented itself. I think it's unfortunate and unfair that such a fledgling group has been put under so much duress during its' infancy.

This isn't a comment on the individuals involved - it's a comment against the 'carrot & stick' that have been dangled their way.

but that's not their fault old codger - you should be directing your ire /compalints at to whoever caused the situation. the trust is a legal entity which is bound by law/regulations to do things in a certain way.

btw the potential to vote was open to ALL GTFC fans - all they had to do was to have joined the trust.......

Quoted from forza ivano

but that's not their fault old codger - you should be directing your ire /compalints at to whoever caused the situation. the trust is a legal entity which is bound by law/regulations to do things in a certain way.

btw the potential to vote was open to ALL GTFC fans - all they had to do was to have joined the trust.......

As per other thread, no ire to Trust board from me, but you can trace this mess back clearly to the day when they accepted the shares.

Quoted from MuddyWaters

As per other thread, no ire to Trust board from me, but you can trace this mess back clearly to the day when they accepted the shares.

damned if they did, damned if they didn't situation. if they hadn't accepted the shares they wouldn't be in this potentially advantageous position would they?

Quoted from forza ivano

damned if they did, damned if they didn't situation. if they hadn't accepted the shares they wouldn't be in this potentially advantageous position would they?

Accept that with a but. There needs to be a coherent strategy so that this seat on the board means that the Trust can make a positive input into the future of GTFC and one where the club's existence (whether you are pro or anti Fenty) isn't reliant on the good grace of one man.

Quoted from MuddyWaters

Accept that with a but. There needs to be a coherent strategy so that this seat on the board means that the Trust can make a positive input into the future of GTFC and one where the club's existence (whether you are pro or anti Fenty) isn't reliant on the good grace of one man.

i'm sure there would be - the Trust Board would be able to take advice from Supporters direct who have dealt with this situation over a number of years.

Quoted from MuddyWaters

Accept that with a but. There needs to be a coherent strategy so that this seat on the board means that the Trust can make a positive input into the future of GTFC and one where the club's existence (whether you are pro or anti Fenty) isn't reliant on the good grace of one man.

Sure Mr Fenty would agree with that one, but is there anyone queuing up.

Or

Are you really suggesting that the budget should be set to ensure break even without football fortune and that the Trust should takeover the running of the club to achieve this.

As i see it there needs to be some risk taken to remain competitive (remember you are competing with clubs from the season before who can set lager budgets, either because they have previously had football fortune or have a backer), but it must be underwritten, otherwise no football fortune/no backer. Its bang.

Risks last season were far to high at £1m losses, but then we had two backers who were prepared to support the worst which was the case.

Quoted from Pongo

As i see it there needs to be some risk taken to remain competitive

by 'risk' i assume you mean 'loans'

are you implying that we need a benefactor (whoever that might be) to continue adding to our club debts indefinitely?

there is proof that the club could have had a competitive budget for the last 6 years without accruing the debt it has, however, we are where we are and we can't continue like this until the bubble finally bursts

Quoted from Pongo

Sure Mr Fenty would agree with that one, but is there anyone queuing up.

Or

Are you really suggesting that the budget should be set to ensure break even without football fortune and that the Trust should takeover the running of the club to achieve this.

As i see it there needs to be some risk taken to remain competitive (remember you are competing with clubs from the season before who can set lager budgets, either because they have previously had football fortune or have a backer), but it must be underwritten, otherwise no football fortune/no backer. Its bang.

Risks last season were far to high at £1m losses, but then we had two backers who were prepared to support the worst which was the case.

Of course there has to be some risk, that's what business life is all about. However it's no use pretending that the current situation (continued losses, build up of loans/debt, delapidated facilities) is sustainable - nor is it in the best interests of anyone, even Mr Fenty.

There's no interest in anyone from outside investing in GTFC - because there's nothing to invest in other than a mountain of debt - benign or otherwise. So the conundrum remains, does Mr Fenty really want external investors or not?

Relocation,  Relocation,  Relocation.

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