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Will Haddock |
February 18, 2018, 10:21am |
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The statement from the board a couple of weeks ago suggested that they would be prepared to step aside and hand over control of the club, and that their Directors loans would not be an obstacle in any takeover.
Does anyone know how much the shares are worth, and the actual value of the club, and therefore what it would take to actually takeover? Mike Ashley (🤡) has been clear that he wants £250m + for Newcastle, what kind of offer would Fenty and Co accept?
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headingly_mariner |
February 18, 2018, 10:27am |
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The statement from the board a couple of weeks ago suggested that they would be prepared to step aside and hand over control of the club, and that their Directors loans would not be an obstacle in any takeover.
Does anyone know how much the shares are worth, and the actual value of the club, and therefore what it would take to actually takeover? Mike Ashley (🤡) has been clear that he wants £250m + for Newcastle, what kind of offer would Fenty and Co accept?
They also said they could be paid back at a later date, meaning they would be an obstacle. In reality the club is on its bottom on the verge of dropping out of the league. How can any of the directors expect to get any money back from selling it. The loans need to be written off and it needs to be offered free to a good home.
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WOZOFGRIMSBY |
February 18, 2018, 10:45am |
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Fenty wants a lot more than what is being touted around. It's not just the financial side but still wants his fingers in the pie. Again, I'll reiterate, this is from someone that should know too.
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| He’s one of our loans He’s one of our loans Harvey Cartwright He’s one of our loans |
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1739 |
February 18, 2018, 10:49am |
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Guest User |
People keep on forgetting that an American business was interested in buying Town. I don’t know how credible they were but the board didn’t want to know as they believe that themselves and the trust represents the fans well (some people may agree with that point). If John Fenty wanted rid that much then surely he would have sold up there and then? Or is the other directors refusing/ the trust refusing to sell up there shares in the clubs. Either way I can’t see anything changing anytime soon. Just praying that we can get another 4 wins from somewhere to keep us up but looking at our fixtures left the only games I have relative hope in are our home fixtures against Port Vale, Stevenage, Barnet and Chesterfield.
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Bigdog |
February 18, 2018, 10:51am |
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We know the price, it's £2m plus £900k shareholding plus working capital. Whether it's paid off over time or upfront, that looks like it's going to be the price. Those loans are not going to be written off.
Personally if someone comes forward I think the figure will be somewhere in between if there's a takeover. Legally JF is within his rights to hang on to his £2m for dear life, even if it's to the detriment of the long term future of the club. Morally, I feel he has to write some of it off as an acknowledgement of some personal investment for having the honour of running the club for so long. It would be shameful if he thinks that he could have a free hit for fifteen years and not bear any culpability for the poor performance of the club in that time..
It's old ground, but the question for JF will be, how much of the loans he is prepared to give up for the long term benefit of the football club.. Love of cash versus love of GTFC..
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HertsGTFC |
February 18, 2018, 11:19am |
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We know the price, it's £2m plus £900k shareholding plus working capital. Whether it's paid off over time or upfront, that looks like it's going to be the price. Those loans are not going to be written off.
Personally if someone comes forward I think the figure will be somewhere in between if there's a takeover. Legally JF is within his rights to hang on to his £2m for dear life, even if it's to the detriment of the long term future of the club. Morally, I feel he has to write some of it off as an acknowledgement of some personal investment for having the honour of running the club for so long. It would be shameful if he thinks that he could have a free hit for fifteen years and not bear any culpability for the poor performance of the club in that time..
It's old ground, but the question for JF will be, how much of the loans he is prepared to give up for the long term benefit of the football club.. Love of cash versus love of GTFC..
I actually think that you could come in and take the club for a nominal sum all you would have to do is demonstrate to JF that you could generate his 2 million back in reasonable time, possibly on the back of a ground move. You would need some decent working capital tough (hundreds of thousands as opposed to tens of thousands) just to give you bank confidence and get a few things moving in the right direction. The share value actually means nothing in reality as the only value they have is what a buyer would pay for them rather than a seller sell them. The club only really has one asset and that's BP and the value of that will fluctuate but it would be the leverage on any deal or valuation.
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forza ivano |
February 18, 2018, 11:22am |
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Btw what is Mike Parker up to these days? Not heard zilch about him for months.hope the trust have kept open lines of communication with him
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ginnywings |
February 18, 2018, 11:25am |
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Btw what is Mike Parker up to these days? Not heard zilch about him for months.hope the trust have kept open lines of communication with him
Probably hiding after being instrumental in Woods appointment.
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headingly_mariner |
February 18, 2018, 11:25am |
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We know the price, it's £2m plus £900k shareholding plus working capital. Whether it's paid off over time or upfront, that looks like it's going to be the price. Those loans are not going to be written off.
Personally if someone comes forward I think the figure will be somewhere in between if there's a takeover. Legally JF is within his rights to hang on to his £2m for dear life, even if it's to the detriment of the long term future of the club. Morally, I feel he has to write some of it off as an acknowledgement of some personal investment for having the honour of running the club for so long. It would be shameful if he thinks that he could have a free hit for fifteen years and not bear any culpability for the poor performance of the club in that time..
It's old ground, but the question for JF will be, how much of the loans he is prepared to give up for the long term benefit of the football club.. Love of cash versus love of GTFC..
Why are they not going to be written off? There is not a realistic situation that would see anyone paying £3 milllion for the club and there is not a realistic sequence of events that would allow 'football fortune' to pay him off. If he'd loaned us the money and we were still in the championship or league 1 it would be different. He's overseen failure and has us in danger of dropping out the league again. How can he expect any of that money back? If he wants to leave he probably has to accept he won't get his money back. Who is going to take the club on the understanding that if it has success they have to pay £2million for somebody else's consistent failure?
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Marinerz93 |
February 18, 2018, 12:27pm |
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He has cost the club more money than he has ever loaned it, he should calls it quits and write off the debt.
Fenty out.
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| 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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