Fenty Out

Quoted from Stadium

So once again the question is how is the change facilitated?
At this moment JF is going nowhere-how do the supporters wanting change intend to instigate this?

Depends on Mr Fentys moral compass doesn’t it?

If he honestly believes that the club is in a better place than it was when he took over then he has skin thicker than most rhinos. Personally, I think he’s screwed up uphill and down dale but that’s just an opinion.

Quoted from Stadium

So once again the question is how is the change facilitated?
At this moment JF is going nowhere-how do the supporters wanting change intend to instigate this?

No one really knows what the requirements for change are.  No one at the club has officially signalled Fenty's intention to sell - despite his apparent desire to do so - nor has anyone publicly put an estimate to the funds needed to acquire a majority stake.  

In the unlikely event of a fan or interested party being able to organise a consortium, the ability of the supporters to aid such an endeavour is limited given how fragmented we are.  The only group with the ability to affect that is the Trust, but we know how unwilling they are - at present - to instigate any sort of meaningful change.  In any event, Fenty has repeatedly poured scorn on any potential supporter group's ability to show sufficient 'business acumen', perhaps fairly.

If there is a serious majority amongst fans for a supporter-led takeover, or at least a supporter-instigated one, then they need to organise and fund a body that can do that.  But we need to know what it will take.

Quoted from MarinerDevil

No one really knows what the requirements for change are.  No one at the club has officially signalled Fenty's intention to sell - despite his apparent desire to do so - nor has anyone publicly put an estimate to the funds needed to acquire a majority stake.  

In the unlikely event of a fan or interested party being able to organise a consortium, the ability of the supporters to aid such an endeavour is limited given how fragmented we are.  The only group with the ability to affect that is the Trust, but we know how unwilling they are - at present - to instigate any sort of meaningful change.  In any event, Fenty has repeatedly poured scorn on any potential supporter group's ability to show sufficient 'business acumen', perhaps fairly.

If there is a serious majority amongst fans for a supporter-led takeover, or at least a supporter-instigated one, then they need to organise and fund a body that can do that.  But we need to know what it will take.

All the information re: how much would be needed to oust Fenty is in the public domain. The club issue accounts & shareholder details every year.

[url=https://beta.companieshouse.gov.uk/company/00034760/filing-history]Click here for GTFC company house submissions[/url]

Total shares issued in GTFC: £2,275,300

John Fenty shares: £975,000 (42.85%)
Mike Parker shares: £500,000 (21.98%)
Mariners Trust shares: £321,050 (14.11%)

Despite his shareholding and loans it would be very easy for somebody to force Fenty out and for less money than you might think.

If somebody bought £975,000 of shares they would hold an equal shareholding with Fenty, The extra share issue would also water down Fenty's shareholding to just under 30%. The money raised from the sale of shares could be 100% used to reduce Fenty's benign loans to £825,000.The new shareholder could loan the club £412,500 and again the money could be repaid to Fenty so the new shareholder has equal shareholding & equal loans to the club as Fenty, So someone could gain complete parity with Fenty for £1,387,500. The new shareholder could then convert his loan into shares and become the biggest shareholder in the club. Fenty would then have to either do the same to maintain parity or be sidelined. And I don't think Fenty wants to put another penny of his own money into the club.

And if the new shareholder could get Mike Parker and/or the Trust on side Fenty could be removed from the board and his influence on the day to day running of the club would be zero.

Thing is as a person face to face if you met him Fenty isnt a bad sort and is Grimsby Town fan which is a bonus.

Quoted from Rick12

Thing is as a person face to face if you met him Fenty isnt a bad sort and is Grimsby Town fan which is a bonus.

A bit of truth in this BUT he is also a shrewd businessman and a politician who knows how to tell you what you want to hear without actually saying what you want him to say . That`s not a dig at him it`s just how I see it . I believe 100% that if JF genuinely wanted out he would have sold the Club ages ago it isn`t that difficult and if Golly`s sums are anywhere near a buyer should not be hard to attract? Everyone has a pop at Mr Fenty but the rest of the board are equally to blame in my opinion. In the 16 years of Mr Fenty`s tenure what do they or have they ever contributed to the Club either financially or in terms of football nouse to support some of the decisions made? Personally whatever happens going forward the first thing I would do is get Alan Buckley in the boardroom to provide some football nouse to help them on that score. Secondly bring in on a proper salary somebody to drag the whole ticketing and marketing side of things into 2019 before we fall further behind Clubs we used to be 2 or 3 Divisions above.UTM

Quoted from GollyGTFC

All the information re: how much would be needed to oust Fenty is in the public domain. The club issue accounts & shareholder details every year.

[url=https://beta.companieshouse.gov.uk/company/00034760/filing-history]Click here for GTFC company house submissions[/url]

Total shares issued in GTFC: £2,275,300

John Fenty shares: £975,000 (42.85%)
Mike Parker shares: £500,000 (21.98%)
Mariners Trust shares: £321,050 (14.11%)

Despite his shareholding and loans it would be very easy for somebody to force Fenty out and for less money than you might think.

If somebody bought £975,000 of shares they would hold an equal shareholding with Fenty, The extra share issue would also water down Fenty's shareholding to just under 30%. The money raised from the sale of shares could be 100% used to reduce Fenty's benign loans to £825,000.The new shareholder could loan the club £412,500 and again the money could be repaid to Fenty so the new shareholder has equal shareholding & equal loans to the club as Fenty, So someone could gain complete parity with Fenty for £1,387,500. The new shareholder could then convert his loan into shares and become the biggest shareholder in the club. Fenty would then have to either do the same to maintain parity or be sidelined. And I don't think Fenty wants to put another penny of his own money into the club.

And if the new shareholder could get Mike Parker and/or the Trust on side Fenty could be removed from the board and his influence on the day to day running of the club would be zero.

That looks so easily attainable it`s painful. Basically for £450 EA Town`s current STH could buy him out and fcuk him off and the Trust could/should be driving it but won`t for fear of the unknown so we continue to rot.

The technicalities in sharing a tweet on my phone are a bridge too far for me but if anyone following this thread is on twitter could you share a series of tweets from Accrington's chairman/owner which lays bare the problems for lower league clubs.

You will need to scroll down his subsequent tweets to get the whole thread. It is interesting to be fair.

Basically handing over £1,387,500 would get you the keys to a business that will almost certainly lose money every year.

Quoted from barralad

The technicalities in sharing a tweet on my phone are a bridge too far for me but if anyone following this thread is on twitter could you share a series of tweets from Accrington's chairman/owner which lays bare the problems for lower league clubs.

Read that this morning Barra and it makes chilling reading. Andy Holt seems to me to be a really forward thinking chairman but needs to gather others around him to make changes that are absolutely necessary for the bottom three tiers of the League.