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Dear Mr Fenty

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SomeSanity
November 7, 2018, 8:59am
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Quoted from diehardmariner


If that's the case, as the majority shareholder and therefore defacto top man at the club, he needs to hold accountable the person who is doing the day-to-day running of the club because it's simply not good enough.  Some absolutely brilliant ideas in this thread coupled with examples of just how poorly run the club is.

For what it's worth I would be amazed if he's not involved in the day-to-day running of the club.  


He has his own business(s) to run and 'council stuff' so I don't think he is. GTFC have a Chief Exec for that, who has been in the role for years. Like I said, sod all changes. No vision, no ideas. It's just so autonomous. People doing the same shite all the time because that's what they've always done. Jobs are never advertised at the club, just given to the office friends and family. My lad said to me a few months ago "I'd like to work at Grimsby Town dad". How do you tell an 11-year-old he has no chance because he doesn't have the right surname.? We have such a closed shop attitude inside the club and it's the club and the fans that suffer for the clubs lack of anything.

I pity the Trust, a group of people who do anything they can to help the club, but does the club respect them? Does it buggery.

Bottom line is, the club will never evolve while it has the same personnel off the field. That's not a criticism of anyone it's just sound business sense.
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arryarryarry
November 7, 2018, 2:11pm
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Quoted from drbell


I have to admit to not really knowing what happened with Mike Parker and the Mullens. Do we actually know what they were offering, and why they ended up not contributing?



This is the current shareholding position of the major shareholders from the club site so Mr Parker must have invested a significant amount and does some of Mr Fenty's shareholding come from when the Trust dropped their trousers, bent over and let him have his way.

J. Fenty (42.85%), M. Parker (21.98%) & Grimsby Town Supporters Trust (14.11%)
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Meza
November 7, 2018, 9:41pm

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Maybe a stupid idea, but is it worth contacting fan own clubs like Exeter, Wrexham etc to find out how they moved forward, and what's involved.


[URL=https://imgur.com/VCxdH2Y][IMG]https://i.imgur.com/VCxdH2Ys.jpg[/IMG][/URL][URL=https://imgur.com/uMRVvRe][IMG]https://i.imgur.com/uMRVvRes.jpg[/IMG][/URL][URL=https://imgur.com/5p7nllT][IMG]https://i.imgur.com/5p7nllTs.jpg[/IMG][/URL][URL=https://imgur.com/46BEw5M][IMG]https://i.imgur.com/46BEw5Ms.jpg[/IMG][/URL][URL=https://imgur.com/06NXnQF][IMG]https://i.imgur.com/06NXnQFs.jpg[/IMG][/URL]

My Grimsby Legends
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Ipswin
November 7, 2018, 9:44pm
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Quoted from Meza
Maybe a stupid idea, but is it worth contacting fan own clubs like Exeter, Wrexham etc to find out how they moved forward, and what's involved.


No, they probably only had to raise £100 to get control of their clubs



On bended knee is no way to be free - Peter R de Vries

https://www.linkedin.com/pulse.....=public_profile_post
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KingstonMariner
November 8, 2018, 11:50pm
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Quoted from Ipswin


No, they probably only had to raise £100 to get control of their clubs



Getting a majority of the shares wasn't the issue in either case. Paying off immediate debts was. Exeter managed to pay the most pressing by running a tight ship and galvanising the fanbase, and the less pressing debt was cleared with the FA Cup run they had when they took Man U to a replay.

Wrexham haven't had that luck yet so servicing the debt is a big drain on their budget.


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.
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KingstonMariner
November 9, 2018, 12:08am
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Quoted from arryarryarry


This is the current shareholding position of the major shareholders from the club site so Mr Parker must have invested a significant amount and does some of Mr Fenty's shareholding come from when the Trust dropped their trousers, bent over and let him have his way.

J. Fenty (42.85%), M. Parker (21.98%) & Grimsby Town Supporters Trust (14.11%)


Yes.

If you took off that £250,000, JF has only invested £725,000 in shares - most of his investment is in loans. Mike Parker invested £1m in shares (and gave half of it away).

Without that gift of shares to JF the percentages would have been:
JF - 32%; MP - 22%; GTST - 25%; Stadtler, Waldorf & the Invisible Man - Diddly Squat%


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.
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Bignic69
November 9, 2018, 1:25am
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Quoted from Meza
Maybe a stupid idea, but is it worth contacting fan own clubs like Exeter, Wrexham etc to find out how they moved forward, and what's involved.


read up on a few of the supporter owned clubs and they were all in a different situation than ours, they were all on the verge of going out of business, we're not there yet...........YET


Back of the net
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arryarryarry
November 9, 2018, 2:51am
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Quoted from KingstonMariner


Yes.

If you took off that £250,000, JF has only invested £725,000 in shares - most of his investment is in loans. Mike Parker invested £1m in shares (and gave half of it away).

Without that gift of shares to JF the percentages would have been:
JF - 32%; MP - 22%; GTST - 25%; Stadtler, Waldorf & the Invisible Man - Diddly Squat%


Thanks.
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Cloudy
November 9, 2018, 6:46am
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Quoted from KingstonMariner


Getting a majority of the shares wasn't the issue in either case. Paying off immediate debts was. Exeter managed to pay the most pressing by running a tight ship and galvanising the fanbase, and the less pressing debt was cleared with the FA Cup run they had when they took Man U to a replay.

Wrexham haven't had that luck yet so servicing the debt is a big drain on their budget.


Wrexham proudly announced about 2 or 3 years ago that they were debt free
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KingstonMariner
November 9, 2018, 9:42am
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Quoted from Cloudy


Wrexham proudly announced about 2 or 3 years ago that they were debt free


I must’ve missed that Cloudy. Good news for them. Hope they continue to build on that. Should mean they can spend more on the squad unless they’ve got major works to fund.


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.
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