The benign debt

Quoted from Marinerz93

That is correct in my understanding of the timeline but MP had left the board before Woods got his war chest for the following season which the agreed £500k extra shares from MP and Fenty were to put in for the next season, we know that MP honoured his pledge and the board including Fenty allowed those extra shares but all of a sudden article 9 was called, Fenty resigned then gobbled up the £200k worth of trust shares to gain control again, what happened to Fentys part of the agreed £500k? and how much did Woods get in the end of what was set up for.

I dont think this is correct as I think Mike Parker resigned off the board and went on TV the day the club offered the managers job to the Darlington manager and assistant at the time ( sorry cant remember his name), They then turned the club down as they where not happy with the state of the board room,  Woods had already gone and interviews had been done well before MP left,

edit Neil Woods was sacked on the 22nd Feb 2011 and Mike Parker resigned off the board 1st march 2011

I do wish people would stop saying we need new investors when, in fact, it's new benefactors we're apparently looking for.

Nobody seriously invests in a smallish football club as there's no chance of a return on your investment. If we want a new and improved sugar daddy, we should just say so.

Quoted from Maringer

I do wish people would stop saying we need new investors when, in fact, it's new benefactors we're apparently looking for.

Nobody seriously invests in a smallish football club as there's no chance of a return on your investment. If we want a new and improved sugar daddy, we should just say so.

Bang on!

Quoted from rancido

Wasn't Mike Parker on the Board? It's ok expecting anybody on the board to open their wallets to fund the club but I can't think of a single board member during my time of supporting town ( 52 years ) who has donated money to club. Also wasn't Woods the choice of Mike Parker and not JF ?

Don't forget the big difference between Parker and Fenty was that Parker's money bought shares, Fenty's was debt. Parker's money was effectively a one-off donation (given that no one would sensibly expect shares in a club like Town to give them a payback), Fenty's was a loan which has to be repaid. I know what i'd rather see.

If Parker had turned out to be a numpty who made crap decisions and had a terrible relationship with all and sundry he'd be easier to get rid of. With Fenty we can't get rid without the risk he'd take his bat home. And if you don't think that's likely, thats not an opinion shared by all those people who voted to give him £200,00 worth of shares.

Quoted from Maringer

I do wish people would stop saying we need new investors when, in fact, it's new benefactors we're apparently looking for.

Nobody seriously invests in a smallish football club as there's no chance of a return on your investment. If we want a new and improved sugar daddy, we should just say so.

Mike Parker was a benefactor - John Fenty is not. A benefactor would not have the club in its' current financial stranglehold.

Quoted from Maringer

I do wish people would stop saying we need new investors when, in fact, it's new benefactors we're apparently looking for.

Nobody seriously invests in a smallish football club as there's no chance of a return on your investment. If we want a new and improved sugar daddy, we should just say so.

I think investment covers more than cash. For his "investment" John Fenty has accrued great kudos. He is one of a very select few that is chairman (non) of a football league club. He has high and extensive local exposure that money cannot buy. It no doubt helped his political ambitions and he has had the priceless excitement of being carried shoulder high from the pitch at Bournemouth after losing to our relegation candidates but being saved by other results. He so learned from this experience that we went down to non league the very next season.

I agree we need a benefactor though - someone or a consortium with the brains and money to direct operations without looking for personal glory.

Quoted from cleethorpes_mariner

I dont think this is correct as I think Mike Parker resigned off the board and went on TV the day the club offered the managers job to the Darlington manager and assistant at the time ( sorry cant remember his name), They then turned the club down as they where not happy with the state of the board room,  Woods had already gone and interviews had been done well before MP left,

edit Neil Woods was sacked on the 22nd Feb 2011 and Mike Parker resigned off the board 1st march 2011

Good timeline Cleethorpes Mariner. Darlington Manager at the time, was it Cooper?

“We are easily a lower half Championship to top half league 1 team”

Lost track of all the bollox on this but whoever said the bit above is deluded...... what do you base this on?

Quoted from HertsGTFC

“We are easily a lower half Championship to top half league 1 team”

Lost track of all the bollox on this but whoever said the bit above is deluded...... what do you base this on?

I base it on our history you obviously base your lack of belief on what we can achieve as you are happy with John Fenty's ambitions, I remember when this Town had a fighting spirit, the under dog giving it to the bigger clubs, some people are happy with being bottom feeders some believe we are better than that.

Quoted from HertsGTFC

“We are easily a lower half Championship to top half league 1 team”

Lost track of all the bollox on this but whoever said the bit above is deluded...... what do you base this on?

Agreed...... we are a mid table league 1 team in my mind (nothing wrong with that)

But whose to say we couldn't punch above our weight again.......you've only got to look at the Scunts