Welcome, Guest.
Please login or register.
Fishy Forum Fishy Boards Archive › Does the Trust have the acumen to force Fenty out.
Users Browsing Forum
Googlebot and 152 Guests

Does the Trust have the acumen to force Fenty out.

  This thread currently has 13,429 views. Print
16 Pages Prev 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Next All Recommend Thread
KingstonMariner
March 18, 2018, 6:09pm
Meths Drinker
Posts: 22,096
Posts Per Day: 6.08
Reputation: 79.33%
Rep Score: +42 / -11
Approval: +23,440
Gold Stars: 218
Regardless of shareholding Fenty controls the club by dint of his loans.


Through the door there came familiar laughter,
I saw your face and heard you call my name.
Oh my friend we're older but no wiser,
For in our hearts the dreams are still the same.
Logged Offline
Private Message
Reply: 20 - 150
KingstonMariner
March 18, 2018, 6:09pm
Meths Drinker
Posts: 22,096
Posts Per Day: 6.08
Reputation: 79.33%
Rep Score: +42 / -11
Approval: +23,440
Gold Stars: 218
Quoted from GrimRob
Can we put on hold storming the Bastille until May?


Bit of preparation never hurt anyone.  


Through the door there came familiar laughter,
I saw your face and heard you call my name.
Oh my friend we're older but no wiser,
For in our hearts the dreams are still the same.
Logged Offline
Private Message
Reply: 21 - 150
dapperz fun pub
March 18, 2018, 6:11pm
Special Brew Drinker
Posts: 9,336
Posts Per Day: 1.59
Reputation: 84.95%
Rep Score: +37 / -6
Approval: +9,879
Gold Stars: 82
Quoted from Cloudy


In theory it could be, but in practice Mike Parker will not involve himself in voting at all and I have no idea about Newman.

Fenty believes he is safe at 43% and he is probably right sadly


The whole thing made Parker ill last time so I doubt he’ll be back , I’m all for the dodgy ticket tout buying us out how much worse could it possibly be  
Logged Offline
Private Message
Reply: 22 - 150
Cloudy
March 18, 2018, 6:18pm
Whiskey Drinker
Posts: 3,335
Posts Per Day: 1.14
Reputation: 71.17%
Rep Score: +17 / -8
Approval: +6,431
Quoted from KingstonMariner
Regardless of shareholding Fenty controls the club by dint of his loans.


He does but he has also signed documents that his loans can only be repaid if and when the club can afford to do so.

In theory he could be voted off the board and not get his money back until such time as we had enormous football fortune!!!
Logged
Private Message
Reply: 23 - 150
Yoda
March 18, 2018, 6:24pm
Fine Wine Drinker
Posts: 1,320
Posts Per Day: 0.29
Reputation: 36.09%
Rep Score: +5 / -20
Approval: -3,121
Gold Stars: 71
Fenty does not want to lose money he’s to tight.
With very low gates he will either have to fund it himself or go into administration either way he loses his money.
The club could start again re AFC Wimbledon they are doing ok and moving back to plough lane.
The ground is worthless to any developers as the demolition costs would overshadow the land value which is only suitable for terraced housing.
The trust need to be more forceful and stop kissing Fentys backside.
Logged Offline
Private Message
Reply: 24 - 150
75
March 18, 2018, 6:53pm
Guest User
The Trust have publicly stated they do not have the will to 'run' the club. The Trust board members mostly work full time. I think the way we remove JF is to pressure him to reveal how much he actually wants for his shares and the 'benign' loan. He has been very vague and will be looking to get as good a return as possible which is fair enough. I'm not sure but I think he owns around £1.1m in shares and has £1.8m in loans so around £3m. That is the noose around the clubs neck. Ideally we need him to name a price instead of vague soundbites about 'no barriers' etc.
Logged
E-mail
Reply: 25 - 150
Cloudy
March 18, 2018, 7:22pm
Whiskey Drinker
Posts: 3,335
Posts Per Day: 1.14
Reputation: 71.17%
Rep Score: +17 / -8
Approval: +6,431
Quoted from 75
The Trust have publicly stated they do not have the will to 'run' the club. The Trust board members mostly work full time. I think the way we remove JF is to pressure him to reveal how much he actually wants for his shares and the 'benign' loan. He has been very vague and will be looking to get as good a return as possible which is fair enough. I'm not sure but I think he owns around £1.1m in shares and has £1.8m in loans so around £3m. That is the noose around the clubs neck. Ideally we need him to name a price instead of vague soundbites about 'no barriers' etc.


In respect of the opening statement I can only guess that The Trust is actually the current board?

If there were a few skilled operators who were elected to the he board then that stance may change.

I am of the opinion that The Trust should always represent its members and if they want the Trust off the board then that must happen, no question no delay.

I reckon £1m cash would make him consider writing off the rest and walking away to enjoy his retirement. Anyone, or any group got that sort of cash?
Logged
Private Message
Reply: 26 - 150
friskneymariner
March 18, 2018, 7:33pm

Champagne Drinker
Posts: 2,494
Posts Per Day: 0.56
Reputation: 79.23%
Rep Score: +15 / -4
Location: friskney
Approval: +4,157
Gold Stars: 38
I too think an offer of around £1 million would make him think very carefully.


Give a man a fish and you feed him for a day,teach a man to fish and you give him an excuse for him to escape from the wife and kids for the weekend and drink lots of beer.
Logged Offline
Private Message
Reply: 27 - 150
TheRonRaffertyFanClub
March 18, 2018, 8:30pm
Special Brew Drinker
Posts: 7,638
Posts Per Day: 1.35
Reputation: 79.65%
Rep Score: +43 / -11
Location: Norfolk
Approval: +8,658
Gold Stars: 23
This discussion is a bit pointless as the situation is in flux. So much depends on whether we go down. That is what will decide Fenty and even then he is stubborn enough to hang on for a while to see what actually happens to gate numbers. It looks very unlikely that a coalition of plotters could agree a plan to buy or force him out financially so I would repeat that Fenty will go when it suits him and not before, especially if we stay up. He is thick skinned and hard headed when it comes to the money business. He may be prepared to lose some but how much and over what time scale?

Having said that, this situation has reduced his personal credibility to zero and probably ruined any hope of a new ground, certainly in the short term. So it depends on him ..... does he cut his losses and skulk away or does he try and ride it out? History would suggest he will do the latter.


“If all mankind minus one, were of one opinion, and only one person were of the contrary opinion, mankind would be no more justified in silencing that one person, than he, if he had the power, would be justified in silencing mankind.”
― John Stuart Mill, On Liberty."
Logged
Private Message
Reply: 28 - 150
KingstonMariner
March 18, 2018, 11:25pm
Meths Drinker
Posts: 22,096
Posts Per Day: 6.08
Reputation: 79.33%
Rep Score: +42 / -11
Approval: +23,440
Gold Stars: 218
Quoted from 75
The Trust have publicly stated they do not have the will to 'run' the club. The Trust board members mostly work full time. I think the way we remove JF is to pressure him to reveal how much he actually wants for his shares and the 'benign' loan. He has been very vague and will be looking to get as good a return as possible which is fair enough. I'm not sure but I think he owns around £1.1m in shares and has £1.8m in loans so around £3m. That is the noose around the clubs neck. Ideally we need him to name a price instead of vague soundbites about 'no barriers' etc.


It's more like £975,000 in the 2017 accounts, but your point stands.


Through the door there came familiar laughter,
I saw your face and heard you call my name.
Oh my friend we're older but no wiser,
For in our hearts the dreams are still the same.
Logged Offline
Private Message
Reply: 29 - 150
16 Pages Prev 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Next All Recommend Thread
Print

Fishy Forum Fishy Boards Archive › Does the Trust have the acumen to force Fenty out.

Back to top of page

This is not an official forum of Grimsby Town Football Club, the opinions expressed are those of the individual authors. If you see an offensive post then click "Report" on the relevant post. Posts will be deleted at the discretion of the moderators whose decision is final. Posts should abide by the Forum Rules. IP addresses of contributors together with dates and times of access are stored. The opinions and viewpoints expressed by contributors to The Fishy are their own and not necessarily those of The Fishy. The Fishy makes no claims that information dispersed through this forum is accurate or reliable. Also The Fishy cannot be held liable for any statements made by contributors of The Fishy.