Mariners Trust statement

Does anyone have the split of shares, who has what percentage and is there any significant others?

Whilst the trust are at the top table then they could/ should maybe be asking for details of just what would be acceptable to JF as a takeover ?

What guarantees is he expecting from any takeover party ? ie future financial security/ capital
Is there a magic number that will buy JF's place/shares on the board ?
Would JF wish to retain a large percentage of shares even if he steps down off the board ?
Clear definition and clarity on the benign loan situation. ( He has said he wont call them in to the detriment of the club but as far as i am aware he has never said he would forget them altogether )
Do other board members see themselves staying if JF leaves ?
Seeking lobbying support from other shareholders to strengthen any takeover position.

Whilst there, they have access to all the information and people that your fan in the street doesnt have, so its better to stay there and use the position than be completely out in the cold.

Totally agree moosey. Been thinking about it over the last couple of days and it would be helpful to know just what it would take for someone or a group to meet the due diligence.

agreed Moosey - whilst we are on the Board the Trust will have access and knowledge of the up to date financial situation and of any 'plans' that are afoot. they then have ahead start should things change or go titties up. there's been no end of examples of the shiite suddenly hitting the fan and then trusts, supporters and possible saviours are left scrambling around, battling against tight deadlines, often not knowing the full financial situation

Yes but business confidentiality rules would prevent any information gleaned from being used.

Quoted from 139914

Does anyone have the split of shares, who has what percentage and is there any significant others?

This is copied from a post of mine back in August (bit of context:  I was looking at a potential way of removing JF when his directorship next comes up for re-election by finding a way for a group to purchase enough shares so that they, when added to those of the Trust, Mike Parker, and Lee Mullen would be able to Out—vote those held by JF and ‘others’):

According to the latest available accounts (end May 2016) both Chapman and JF were up for re-election at the AGM (sometime December 2016) and were re-elected - I'm not sure when JF will come up for re-election again.

In terms of holdings, again looking at the latest accounts available, it appears JF holds 43% of issued shares.

Assuming MP still holds 500k, the Trust 300k, Mullen 130k this gives this group approx 41% of issued shares, with the remaining 16% held by 'others'.

Someone better at maths than me could (if they wanted) work out what kind of share purchase would be necessary to be in a position to vote JF off the board at the next AGM where his directorship comes up for re-election.

Could and would JF accept being phased out by means of his shares being bought and therefore his shareholding goes down year on year? If he clarifies exactly what he wants back financially then it may be viable to pay him his 2M over 10 years on the understanding he steps down possibly off the board? He knows we haven't got the 2M he knows it`s very unlikely anyone else will come in so to me this is compromise and everybody gets what they want?

Quoted from moosey_club

Whilst the trust are at the top table then they could/ should maybe be asking for details of just what would be acceptable to JF as a takeover ?

What guarantees is he expecting from any takeover party ? ie future financial security/ capital
Is there a magic number that will buy JF's place/shares on the board ?
Would JF wish to retain a large percentage of shares even if he steps down off the board ?
Clear definition and clarity on the benign loan situation. ( He has said he wont call them in to the detriment of the club but as far as i am aware he has never said he would forget them altogether )
Do other board members see themselves staying if JF leaves ?
Seeking lobbying support from other shareholders to strengthen any takeover position.

Whilst there, they have access to all the information and people that your fan in the street doesnt have, so its better to stay there and use the position than be completely out in the cold.

And for the first time since the Trust joined the board, I actually agree to them having that seat and purely for the reasons as stated above.  I think that before too long we will be hearing bad news regarding the new stadium, it's gone very very quiet on that front and I believe that JF and Co are now preparing to jump ship. We need to have someone that can see what is happening in real time. I'm sure there will be some confidentiality issues where the Trust have to remain silent.  But at least they can put pressure on the board to do things the right way.  Up to now I haven't joined the trust because I felt strongly they shouldn't have a seat on the board. I will be joining the trust this weekend.  

Quoted from Bigdog

Any investor or consortium worth its salt will talk to the Trust whether the Trust member is on the board of GTFC or not. And maybe if there are boardroom takeover discussions in the future, the Trust will need to be on the ingoing side of the table rather than the outgoing. I also think a Trust led campaign to find investment while unrepresented in the boardroom and wanting to be part of the future, has far more provenance to any potential investor than being alongside the current board while doing so, unless JF publicly gives the Trust free reign to do so from within..

Exactly this. I think a lot of posters underestimate just how difficult JF is to work with. Although I haven't directly worked with him I have seen him at  close quarters, and have had numerous business contacts tell me directly how difficult it is. It is just the way it is, just like I have many faults JF has his, but getting him to work with the trust in any meaningful way is pie in the sky thinking.

In my opinion it is far better for the Trust  to publicly distance  itself from the board at the end of the season and put all their energies into getting benefits to the club that Fenty cannot influence.  

Quoted from Civvy at last

And for the first time since the Trust joined the board, I actually agree to them having that seat and purely for the reasons as stated above.  I think that before too long we will be hearing bad news regarding the new stadium, it's gone very very quiet on that front and I believe that JF and Co are now preparing to jump ship. We need to have someone that can see what is happening in real time. I'm sure there will be some confidentiality issues where the Trust have to remain silent.  But at least they can put pressure on the board to do things the right way.  Up to now I haven't joined the trust because I felt strongly they shouldn't have a seat on the board.

I will be joining the trust this weekend.  

I asked someone about this today and their view was Town will get a new ground BUT if he was a betting man it will be going up where the flats come down? Don`t shoot the messenger but most people said from day one the Freemo docks area was best.