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davmariner
January 10, 2015, 2:37am
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Quoted from MarinerWY

But why would JF just write off his loans? O'm not sure about the expectations of some to be honest... JF can't really be criticised for wanting at least part of his loans (clue in the word!) back if he were to hand over control of the club...


He wasted so much money bringing in and sacking managers but also allowing duff managers to pay good money for duff players and eventually having to pay them off on on a large scale. One particular scouse manager comes to mind.


Up The Mariners!
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MarinerWY
January 10, 2015, 2:59am

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Quoted from davmariner


He wasted so much money bringing in and sacking managers but also allowing duff managers to pay good money for duff players and eventually having to pay them off on on a large scale. One particular scouse manager comes to mind.


But that's a different argument. Whether JF and others have used the money from those loans wisely or not is besides the point, the loans are still substantial, they are loans and it is reasonable to expect a return, and the fact that the retun might be significantly less than what is owed is already something worhty of credit: there is absolutely no obligation to reduce the repayment.

I think a few on this thread can't see the wood for the trees to be honest.
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MuddyWaters
January 10, 2015, 9:30am
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Quoted from MarinerWY


But that's a different argument. Whether JF and others have used the money from those loans wisely or not is besides the point, the loans are still substantial, they are loans and it is reasonable to expect a return, and the fact that the retun might be significantly less than what is owed is already something worhty of credit: there is absolutely no obligation to reduce the repayment.

I think a few on this thread can't see the wood for the trees to be honest.


Hold on. He's spent his money on some dodgy decisions, put the spend as a debt against the club and wants it back (in whatever fraction)?
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Marinerz93
January 10, 2015, 10:15am

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Quoted from MarinerWY

But why would JF just write off his loans? O'm not sure about the expectations of some to be honest... JF can't really be criticised for wanting at least part of his loans (clue in the word!) back if he were to hand over control of the club...


This is just opening up old ground, answer me this, how much was the club in debt when JF took over, please include

A) Tax Debt
B) Ramsdens pay back

So total debt before JF took over =

Then after JF had paid Ramsden, JF's payment plan so he could get his money back, tax debt and money we received from the league and gates.

A) Tax debt payments
B) JF's payments

against income from league and gates receipts =

Does the remaining finances fund a reasonable squad, I would say no, and trigger happy hiring and firing, hence the loans.

I think you will see why JF's loan against the clubs assets have spiralled out of control.  Also keep in mind how much that debt is now and how much it would have been to clear in the first place and pay back over more reasonable time period.

Was this engineered to be like this or is it just a case of horrendous finance management.

MP said the loans against the clubs assets are bad on the books, no one will invest when someone has that sort of control.  No one in their right mind will buy something that comes at an extortionate price.  Things are only worth what they are worth, not more because someone blew a chunk of money doing what they wanted.


Supporting the Mighty Mariners for over 30 years, home town club is were the heart and soul is and it's great to be a part of it.

Jesus’ disciple Peter, picked up a fish to get the tribute money from it, Jesus left his thumb print on the fish, bless'ed is the Haddock.
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headingly_mariner
January 10, 2015, 5:21pm

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Quoted from MarinerWY

But why would JF just write off his loans? O'm not sure about the expectations of some to be honest... JF can't really be criticised for wanting at least part of his loans (clue in the word!) back if he were to hand over control of the club...


The loans have paid for failure, why should anyone else foot that bill? The decisions that have been made at the club over the last 10 years or so have seen it fall out of the league, if those who made the decisions cannot right the decline then IMO they should pay the bill for the failure.
I will not get my season ticket refunded at the end of the season if we don't go up.
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MuddyWaters
January 10, 2015, 5:24pm
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Quoted from headingly_mariner


The loans have paid for failure, why should anyone else foot that bill? The decisions that have been made at the club over the last 10 years or so have seen it fall out of the league, if those who made the decisions cannot right the decline then IMO they should pay the bill for the failure.
I will not get my season ticket refunded at the end of the season if we don't go up.


Nail on head. We are going nowhere positive at present and the only carrot left to dangle is a new stadium. Well Mr Fenty, stop wasting your breath, write off your loans and ride off into the sunset, because with this manager, league football is a million miles away.
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dapperz fun pub
January 10, 2015, 8:42pm
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Quoted from MuddyWaters


Nail on head. We are going nowhere positive at present and the only carrot left to dangle is a new stadium. Well Mr Fenty, stop wasting your breath, write off your loans and ride off into the sunset, because with this manager, league football is a million miles away.


I've asked this before if he does walk, who is there to take the mantle? Even without the loans say taking over gtfc means a massive cash input from somewhere doesn't it ?have we got anyway to do it apart from ones who were involved before and didn't do a good job.
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MuddyWaters
January 10, 2015, 8:44pm
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Quoted from dapperz fun pub


I've asked this before if he does walk, who is there to take the mantle? Even without the loans say taking over gtfc means a massive cash input from somewhere doesn't it ?have we got anyway to do it apart from ones who were involved before and didn't do a good job.


Well you can sure that there'll be fewer takers if someone has to cough 3 million on top of the price tag.
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dapperz fun pub
January 10, 2015, 8:56pm
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Quoted from MuddyWaters


Well you can sure that there'll be fewer takers if someone has to cough 3 million on top of the price tag.


Who are these takers ? Most of the big hitters of the town have been involved at some point, what new blood is there ?
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Civvy at last
January 10, 2015, 9:01pm

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Quoted from dapperz fun pub


Who are these takers ? Most of the big hitters of the town have been involved at some point, what new blood is there ?


The likes of Mike Parker


.  Still. It's my toy and I won't share unless it's my terms !


The wife was going away for a girly weekend.
I jokingly remarked  'I don't know whether to spend it watching porn or watching football'
'you may as well spend it watching porn' she replied
That's understanding darling what makes you say that? I asked

She said 'Well you already know how to play football'  
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