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Takeover

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Marinerz93
January 8, 2019, 9:30pm Report to Moderator

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Quoted from SteffiMariner
Actually, you don't need to buy 51% of the shares, what you need to do is align yourself with Mike Parker and The Trust and you only need 13.92% more shares for you to have a controlling interest.


This is where business people look at the lay of the land and realise that to own the club, £2 million pounds of Fenty's benign loan are tied up with the clubs assets leaving you owning the club but not the ground and walk away, a bit like a freehold but not as fun.


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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KingstonMariner
January 8, 2019, 9:35pm Report to Moderator
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The other thing he mentioned is that the prospective buyers didn't demonstrate the vision for the club. Wonder what that means even.

So that's two conditions:

Price - what do you want John?
Vision - what do buyers need to do, how is this judged?


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Marinerz93
January 8, 2019, 9:39pm Report to Moderator

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Probably Fenty's best interview, unfortunately there was no real substance apart from woe is me.

What is wrong with Developing PP and using the extra space where the ground would have been to build something that would generate the 7 day income the club needs and then building the new ground at the old flat site that will probably attract regeneration funding + money from the enabling project at PP win win.


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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moosey_club
January 8, 2019, 9:42pm Report to Moderator
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Quoted from headingly_mariner
Proves beyond any doubt that other people are interested in taking the club on.

Be interesting to hear from the other party on what the stumbling block was. I would be amazed if it wasn’t the asking price.

The ground included in the regeneration of Freeman Street would be something marvellous that everyone could get behind. Very sad their appears to be little appetite for it from the board.


The stumbling block may have been the starting block for all we know, whilst i dont feel the current board are investing enough capital they definately arent running up huge debts either, which is their way of being a good custodian....whoever was interested may have had a very short term boom or bust plan based on financing the club to the hilt.
I really dont want him to sell off to any Johnny come lately with shady finances and zero affinity to the club...that may be fanciful but  my hope would be for someone who has the club at heart to takeover....thats a pretty small pond in reality .....Leicester got lucky to have a foreign owner who saw the bigger picture and has done tons of work in the local area/ community...but again they were in a much more attractive position to attract such an owner.


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moosey_club
January 8, 2019, 9:47pm Report to Moderator
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Quoted from KingstonMariner
The other thing he mentioned is that the prospective buyers didn't demonstrate the vision for the club. Wonder what that means even.

So that's two conditions:

Price - what do you want John?
Vision - what do buyers need to do, how is this judged?


I think that means he also wants the buyer to sign up to taking the club to a new home.....which if that is what it means then he is taking the p1ss....he has failed to do that in all his tenure despite it being one of his top priorities, so if he is making that part of a takeover agreement then he is just inserting obstacles.
Any interested party may have their own plan to make BP more viable and forget the move...just because he wants to be the one to deliver a new stadium it doesnt mean thats how someone else may see it.  If they have the cash...proven..and the ties or commitment to safeguard the club then sell and let them get on with it.


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arryarryarry
January 8, 2019, 9:48pm Report to Moderator
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Quoted from ginnywings


So what part of JF saying that there was an interested party 2 or 3 months ago, who made an offer to take the club forward a spoof? Who's bubble has been burst exactly, apart from the long suffering fans? There were negotiations, some folk heard about them, and they came into the public domain. That is not the definition of a "spoof rumour".

All we have ever had and still have is the usual, "nothing to see here" statements. We have no idea why those overtures were rejected. JF may have asked for 20 million and that the new owners had to don lederhosen and ginger wigs to all home games. Or the supposed new regime may have offered 10 quid and second hand sideboard. Nobody knows apart from those involved. What we do know is that someone was interested because JF says so. Get a grip indeed.



A theme for Lincoln away?
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chipsandgravy
January 8, 2019, 9:55pm Report to Moderator
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Quoted from ginnywings


So what part of JF saying that there was an interested party 2 or 3 months ago, who made an offer to take the club forward a spoof? Who's bubble has been burst exactly, apart from the long suffering fans? There were negotiations, some folk heard about them, and they came into the public domain. That is not the definition of a "spoof rumour".

All we have ever had and still have is the usual, "nothing to see here" statements. We have no idea why those overtures were rejected. JF may have asked for 20 million and that the new owners had to don lederhosen and ginger wigs to all home games. Or the supposed new regime may have offered 10 quid and second hand sideboard. Nobody knows apart from those involved. What we do know is that someone was interested because JF says so. Get a grip indeed.





Some person was interested months ago. Then some one decided to dress it up recently as a consortuim. Mike Ashleys brother, sister, dog and probably Aunty May were all offered up as interested parties. Then the best bit Bryan Huxford was being reported as the figurehead.
Then Fenty came and put the record straight and then he was accused of bursting the post Palace enthusiasm .
If thats not needing to get a grip i dont know what is?
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ginnywings
January 8, 2019, 10:06pm Report to Moderator

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Quoted from chipsandgravy


Some person was interested months ago. Then some one decided to dress it up recently as a consortuim. Mike Ashleys brother, sister, dog and probably Aunty May were all offered up as interested parties. Then the best bit Bryan Huxford was being reported as the figurehead.
Then Fenty came and put the record straight and then he was accused of bursting the post Palace enthusiasm .
If thats not needing to get a grip i dont know what is?


2 months ago, which is when people started to mention it here and elsewhere. We have no idea who the interested parties were, so yeah that part may be fanciful, although we don't know for sure.

Didn't know the Aunty May rumour myself. She would have got us going places for sure.
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chipsandgravy
January 8, 2019, 10:14pm Report to Moderator
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Quoted from ginnywings


2 months ago, which is when people started to mention it here and elsewhere. We have no idea who the interested parties were, so yeah that part may be fanciful, although we don't know for sure.

Didn't know the Aunty May rumour myself. She would have got us going places for sure.


I would have had her over Bryan Huxford any day. Fair made me shudder that one.
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Mrs Doyle
January 8, 2019, 10:59pm Report to Moderator
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“There is no silver bullet for relocation – we haven’t got huge demand for housing, we haven’t got huge demand for retail, and they are the two vehicles that broadly football clubs are raising funds from to be able to relocate.”

Fenty dome forever. literally.

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