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Its happening!!! The takeover!!!

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rancido
August 22, 2019, 10:59am

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The price was agreed months ago so all this speculation about JF holding out for more money was complete ballcocks.


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Ipswin
August 22, 2019, 11:04am
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Quoted from Rik e B
Summary from Fenty interview on Hullberside The price has been agreed months ago but the board want to see he has the funds should the Club hit a sticky patch on the field.


Quite right too, offering to buy John Fenty out and having that offer accepted (months ago incidentally, contary to all those who quite wrongly accused Fenty of holding out for more money) is one thing but ensuring that Shutes has money to actually run / invest in the club (over and above a fancy new stadium as part of tarting up the town generally) is vitally important and it is to his credit that Fenty wants to make sure the club will be secure in the hands of a new (non-football person) owner.

Ease off a bit now on Fenty perhaps?



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Rik e B
August 22, 2019, 11:31am

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Well forza didn't accuse, he simply stated what he had heard from a guy down the pub and that's what caused the demand of removal of post. And subsequent thread deccimation.

I guess the price being agreed but then the board wanting to see proof of funding in case of a downturn could be misconstrued as 'the price has gone up'.

Whatever the real truth, I just hope it is indeed honourable intention that the ensuring of future welfare of the Club the holdup. Writing off benign loans would go a long way to that, as that would likely free up cash for a warchest, if the paying off of Fenty is part of the price. Which I'm sure it is.

But the price is what it is, I'm sure it's put off plenty of investors, but hopefully this one can bite the bullet AND find that big extra, which they would have had free had the price been just for the Club, benign loans aside.
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Ipswin
August 22, 2019, 11:38am
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Quoted from Rik e B
Well forza didn't accuse, he simply stated what he had heard from a guy down the pub and that's what caused the demand of removal of post. And subsequent thread deccimation.

I guess the price being agreed but then the board wanting to see proof of funding in case of a downturn could be misconstrued as 'the price has gone up'.

Whatever the real truth, I just hope it is indeed honourable intention that the ensuring of future welfare of the Club the holdup. Writing off benign loans would go a long way to that, as that would likely free up cash for a warchest, if the paying off of Fenty is part of the price. Which I'm sure it is.

But the price is what it is, I'm sure it's put off plenty of investors, but hopefully this one can bite the bullet AND find that big extra, which they would have had had the price been just for the Club, loans aside.


So you're still having a pop at him really aren't you?

How much Shutes has offered Fenty for his personal part of the deal I don't know but I do know that the price was agreed months ago and that Fenty accepted the first offer.

Wanting to see that Shutes has the necessary to take the club forward is no more than I woulkd have expected from Fenty who, say what you will, has the club at heart. There is a lot more to it than simply being a football club owner, as Bury FC will testify and I think the Borad are not yet convinced Shutes fits that role investment-wise.



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Civvy at last
August 22, 2019, 11:43am

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Quoted from Ipswin




Ease off a bit now on Fenty perhaps?



Tell you what Swin. I’ll apologise to Fenty (even though I always said there was more than price involved) as soon as he apologises to me for 16 years of mismanagement of ‘OUR’ club.
  
I think that’s fair don’t you ?


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Northbank Mariner
August 22, 2019, 11:52am
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Quoted from Civvy at last


Tell you what Swin. I’ll apologise to Fenty (even though I always said there was more than price involved) as soon as he apologises to me for 16 years of mismanagement of ‘OUR’ club.
  
I think that’s fair don’t you ?


Here, here👍
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mimma
August 22, 2019, 11:58am
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This thread has stopped working on my android device  and is stuck on 18 pages.. can't read any later pages.
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RichMariner
August 22, 2019, 12:02pm
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I'd like to believe it — maybe it is the truth — but just because Fenty declared on the radio that the price was agreed months ago, it doesn't necessarily make it the truth.

Kingston's post from a few pages back summed things up perfectly. It's got to the point where I just don't believe what Fenty says, and I'll only believe it when either the sale happens or Shutes publicly corroborates it.


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marinerjase
August 22, 2019, 12:04pm
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Swin spent years slating Fenty, hardly in a position to tell others to ‘ease off’..

For whatever reason -since a phone call or something - he’s now in the ‘can do no wrong’ bracket. All very strange.

Fenty does get stick, some deserved, some not, some which has brought on himself with actions taken, words said etc etc. If he sells up it’ll be in his best interest, in that he’ll recoup money. If it doesn’t go through then the stick won’t go away, he’ll get even more defensive etc and then, in time, things won’t be healthy in terms of fan relationships.

If he sells - and that’s if - then prob best scenario for all. Walk away with money recouped, but not the record of being successful.

If he stays - then big effort/rethink needed in terms of engaging the very people who DO keep the club running - the supporters. Without them - the club really is nothing.


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Rik e B
August 22, 2019, 12:08pm

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I viewed Fenty as our saviour for a long time and was labelled in the apologist bracket also, I'd like nothing more than to thank him for that initial outlay during such a dark hour and diligently overseeing the passing of the baton as his stewardship comes to a close. Would be nice to put the messy middle part to bed and move on to a new era, don't want to hold a grudge and don't enjoy being negative or perceived as such. It's just plain as day a pigs ear has been made of a lot of things and I like many others have grown sick of it.

I notice several other posters who of the positive and optimist ilk also joining in the 'Fenty bashing' nowadays -I think that tells you all you need to know. They are in fact simply pointing out the facts of calamatous error after calamatous error which as plain as day.
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