How much..?

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?

Quoted from Will Haddock

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.

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.

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.

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..

Quoted from Bigdog

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.

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

Quoted from forza ivano

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.

Quoted from Bigdog

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?

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.

Quoted from WOZOFGRIMSBY

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.

You mean the alleged rumour that he wants to remain a director for life, free seat on the board.

euro millions is up to 141 million just saying

If I won that much I'd happily put money into Town, but I wouldn't want Fenty anywhere near the club and I wouldn't want to run it myself as I wouldn't have a clue how to.

Let’s not be too hasty. Let’s list the pros and cons of JF. Remember his supporters remind us constantly of what he has done for the club and without him we’d have disappeared long ago.

So here it is;

JF pros;
He’s a fan
Made money out of fish
Lent the club some money.
Long term plan to get a new ground

JF cons;
Massive ego
Under his stewardship we’ve gone from championship to conference.
Refuses to take responsibility for failures, still blaming ITV digital for our errors.
Lent the club some money and is now effectively holding the club to randsome hoping to get it back
Promises new ground, has no idea how to achieve it
Failed to maintain current ground effectively.
Consistently makes the wrong choice when appointing managers
Falls out with managers, the press, players and fans
Unable To accept criticism
Long term plans for the club effectively rely on football fortune (ie; luck)
Insults players with poor contract renewals
Employs sicophants so the club is effectively a dictatorship.
When the club needs cash to correct poor decisions merely loans the club the money
Manages the messages coming from the club with absolutely no idea of how PR actually works. Press releases have the air of a rambling mad-man. Has previously and probably drunkenly rung local radio for a good old argument but won’t actually speak to them on their terms.
Prone to random acts of violence (Newport flag, fight with Newell)

These are by no means exhaustive lists; feel free to add points. But as you can see it’s pretty close between the pros and cons isn’t it?

And remember ..

Pilloried, moving forward, you lose trust, benign loans in the building,

So what have the other board members apart from Fenty probably put into the club against what they take each season. I have no idea on what they may have put in, money wise, but taking out I assume includes the following, free match day tickets both home away, to also include pre natch meal, program and after match drinks. Overnight stay on away matches, during don't know if this includes the other half. Probably able to claim expenses when on club duties. I am sure other Fishy members would know more about these give and takes than I have mentioned here.