Is there a price ??

Quoted from sackthemascot

For JF and RS to leave the club forever ??

Surely a crowd funding page or organised events could start the ball rolling.

I've not actually met anyone who wants them here (apart from delighted Scunny fans!!) so there would be plenty of donations.

Nothing personal, just a buyout.

Quoted from LH

When I sell my car eventually I want the full price I paid for it originally, the money back I’ve spent on stuff like tyres, fuel and screenwash to keep it running and the people who I’ve driven around in it to shut up. The fact I’ve taken it off road and ragged it about, let it rust and given it to crap mechanics to repair it doesn’t matter - I should be able to recoup everything I’ve spent on it.

Quoted from 120790

A vehicle is a depreciating asset. A loan isn't. A loan is repayable. You are being loaned it, not gifted it. It is generally repayable with interest, but I've never heard anything about John Fenty ever charging interest on his loans. Have you? So there is something else to be grateful for.

Quoted from 120790

A vehicle is a depreciating asset. A loan isn't. A loan is repayable. You are being loaned it, not gifted it. It is generally repayable with interest, but I've never heard anything about John Fenty ever charging interest on his loans. Have you? So there is something else to be grateful for.

Quoted from 120790

£2 million is merely the amount outstanding to repay John Fenty for his loan. According to the last published accounts to May 2017. That amount is a benign loan, whilst John Fenty remains the controlling director with his shareholding.

If somebody else wanted to come along to take a controlling interest in the club, it would be perfectly understandable that John Fenty would want his money back. Why wouldn't he? He hasn't loaned the club that money just for a new owner to come along and enjoy.

So that person or organisation would first of all have to reach an agreement to pay John Fenty back as a £2 million lump sum, or by way of a repayment schedule in instalments. If a new owner was hoping to pay this back in instalments, then he would have to come up with a really miraculous and sustainable plan to generate sufficient gross profit in order for the football club to start paying back its loans. But there is absolutely no signs of the club generating that sort of profit at the moment in order to do so, save for a huge slice of football fortune, which clearly cannot be planned for.

If you then look carefully at the published accounts, you will also see that in addition to his loans, Mr Fenty has provided financial guarantees amounting to £325,000. This will be security for the banks for which they will provide things like overdraft facilities. So when people criticise him and talk about his loan, they need to realise that his support goes much further than that. Essentially if the club was to fall over financially tomorrow, then John Fenty would be legally bound to personally cough up, to the tune of up to £325,000 in order to settle the companies bank account balances. In winding the business up, he would then have to try to recover that money by way of the sale of assets, for which he maintains fixed and floating charges over, so has first dibs on those ahead of any outstanding creditors.

But in respect of this £325,000 personal guarantee, whichever person or organisation that wishes to take over from John Fenty, not only has to have the ability to stump up to clear the loans, but they also have to have the personal ability to become a guarantor to the tune of this £325,000.

Moving on from there, this brings us to the matter of John Fenty's shareholding. These are totally and utterly not connected to his lending or security for the club. These are shares that he has had to obtain by whatever means, mostly by purchase. Remember that the club is a PLC, anybody can buy the shares. But in order for them to obtain a majority stake in the business, or an controlling interest, then they would need to obtain buy greater number of shares than what John Fenty owns. Presumably by purchase, remembering that John Fenty really doesn't have to sell his shares either. So that could be a seriously large investment in order to surpass the shareholding of John Fenty and the other shareholders in order to reach a level of controlling interest.

Maybe John Fenty would have an appetite to dispense with his shares at a hugely discounted price, if he was going to recover his loans and be relieved of his security. And if he could be confident that the person taking over has what is needed financially to take the club forward. Who knows? Maybe not! He may wish to recover the cost of his shares too, or at least what is deemed as their current value.

But considering all of this, if John Fenty isn't convinced that a new person or organisation doesn't have the wealth to bring anything to the club that he cannot himself, then why the hell would he move aside. Especially when you consider that this is the club he loves, that he supports, and that he is financially quite comfortable with his existing exposure.

It is only when you start breaking it down that you start to realise people, that whilst some seek to paint John Fenty as the villain, that he is actually the only real bit of cement between the ailing bricks that is giving you a football club to follow. No matter whether you like that or not, it is the true facts of the matter.

I would imagine that if I was in John's shoes, I would be looking for:

1. my £2 million back.
2. being relieved of the need for me to provide £325,000 of personal guarantees.
3. recovering the cost of my shares or at least some value for those shares.
4. a new owner that I know would be in the positive interests of the club, with something extra to bring to the table.

Quoted from LH

You’re right I suppose in that my analogy isn’t exactly the same as the club’s situation. However with cars it is better to spend a bit more money on genuine parts that will be of better quality than cheaper new or used parts. If things like this had been taken into consideration maybe potential buyers would be more understanding of why I want my full outlay back when I sell my car.

I’m not charging interest on top because I am aware that many - but not all - of the problems with my car have been caused by myself. For example: only paying for an apprentice mechanic to recover me from a cliff edge.

Quoted from TheRonRaffertyFanClub

All that plus wages, transfers, ground maintenance, expenses .......... every year ....... rain or shine.

Pie in the sky to think the fans could afford to finance that even if JF gave them the club for nothing.

Quoted from 120790

But there is of course always need to inject further capital amounts as and when required. So for instance in the latest statement yesterday, the board sa4id that further capital will be injected to finance some more players. Now that will be either by further loans or maybe the purchase of even more shares. Well done John, I am sure the supporters are very grateful to you for your efforts once again to improve things.

Quoted from 120790

£2 million is merely the amount outstanding to repay John Fenty for his loan. According to the last published accounts to May 2017. That amount is a benign loan, whilst John Fenty remains the controlling director with his shareholding.

If somebody else wanted to come along to take a controlling interest in the club, it would be perfectly understandable that John Fenty would want his money back. Why wouldn't he? He hasn't loaned the club that money just for a new owner to come along and enjoy.

So that person or organisation would first of all have to reach an agreement to pay John Fenty back as a £2 million lump sum, or by way of a repayment schedule in instalments. If a new owner was hoping to pay this back in instalments, then he would have to come up with a really miraculous and sustainable plan to generate sufficient gross profit in order for the football club to start paying back its loans. But there is absolutely no signs of the club generating that sort of profit at the moment in order to do so, save for a huge slice of football fortune, which clearly cannot be planned for.

If you then look carefully at the published accounts, you will also see that in addition to his loans, Mr Fenty has provided financial guarantees amounting to £325,000. This will be security for the banks for which they will provide things like overdraft facilities. So when people criticise him and talk about his loan, they need to realise that his support goes much further than that. Essentially if the club was to fall over financially tomorrow, then John Fenty would be legally bound to personally cough up, to the tune of up to £325,000 in order to settle the companies bank account balances. In winding the business up, he would then have to try to recover that money by way of the sale of assets, for which he maintains fixed and floating charges over, so has first dibs on those ahead of any outstanding creditors.

But in respect of this £325,000 personal guarantee, whichever person or organisation that wishes to take over from John Fenty, not only has to have the ability to stump up to clear the loans, but they also have to have the personal ability to become a guarantor to the tune of this £325,000.

Moving on from there, this brings us to the matter of John Fenty's shareholding. These are totally and utterly not connected to his lending or security for the club. These are shares that he has had to obtain by whatever means, mostly by purchase. Remember that the club is a PLC, anybody can buy the shares. But in order for them to obtain a majority stake in the business, or an controlling interest, then they would need to obtain buy greater number of shares than what John Fenty owns. Presumably by purchase, remembering that John Fenty really doesn't have to sell his shares either. So that could be a seriously large investment in order to surpass the shareholding of John Fenty and the other shareholders in order to reach a level of controlling interest.

Maybe John Fenty would have an appetite to dispense with his shares at a hugely discounted price, if he was going to recover his loans and be relieved of his security. And if he could be confident that the person taking over has what is needed financially to take the club forward. Who knows? Maybe not! He may wish to recover the cost of his shares too, or at least what is deemed as their current value.

But considering all of this, if John Fenty isn't convinced that a new person or organisation doesn't have the wealth to bring anything to the club that he cannot himself, then why the hell would he move aside. Especially when you consider that this is the club he loves, that he supports, and that he is financially quite comfortable with his existing exposure.

It is only when you start breaking it down that you start to realise people, that whilst some seek to paint John Fenty as the villain, that he is actually the only real bit of cement between the ailing bricks that is giving you a football club to follow. No matter whether you like that or not, it is the true facts of the matter.

I would imagine that if I was in John's shoes, I would be looking for:

1. my £2 million back.
2. being relieved of the need for me to provide £325,000 of personal guarantees.
3. recovering the cost of my shares or at least some value for those shares.
4. a new owner that I know would be in the positive interests of the club, with something extra to bring to the table.