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Its happening!!! The takeover!!!

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Ipswin
August 22, 2019, 9:12pm
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Please don't go down that route of confusing criticism with bigotry. As fans we have every right to question, dissect and yes give out stick if our club is being badly run, and not making much if any progress.    


Yes of course you have but its the same thing over and over and over again, 16 years of mismanagement, the benign loan, poor PR, delaying the takeover et al

After today one if not two complaints have gone a long way to being sorted so unless someone can think of a new stick to beat Fenty with (rather than repeating all the old moans and groans about how badly run people think the club has been, yet again) can it be given a rest for a while at least until we see what Shutes proposes and whether the Board can agree.



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

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KingstonMariner
August 22, 2019, 9:13pm
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Quoted from MuddyWaters


A bigot is defined as someone who is intolerant to other people’s opinions. Just saying.


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GollyGTFC
August 22, 2019, 9:14pm

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Quoted from Malta_Mariner_90


Happy to help.

Just looking at the Director loans (which may not be the most sensible way of answering your question).

As per the filed accounts Directors loans were £2,391,800 in May 2010 when we were relegated.

In May 2016 after we were promoted the Directors loans were £2,209,700.

So based on that the Loans to the club did not actually increase in the non-league years.

A further breakdown is as follows:

2010: 2,391,800
2011: 2,034,700    (357,100)
2012: 1,984,700   (50,000)
2013: 1,984,700
2014:  2,059,700   75,000
2015:  2,244,550    184,850
2016: 2,209,700     (34,850)

So in total the Directors loan actually decreased by a net 182,100 in the 6 years we were in the non-league.

So despite the financial cliff edge, as I seem to remember dropping into the non-league being referred to, the Directors loans far from increasing in the Football wilderness actually saw a reasonable decrease. Which suggests that perhaps dropping into non league football is not quite so disastrous as we are led to believe from a financial point of view?

Apologies if any of the maths is wrong in the above.

Edit sorry Kingston for beating you to it!


The Directors loans dropped at some point because MIke Parker changed £350,000 of loans into shares as per an agreement with Fenty. I think Fenty did the same for a much smaller amount.
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GollyGTFC
August 22, 2019, 9:16pm

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Quoted from Gaffer58
I would assume to pass the EFL fit and proper persons test then you have to show that your not a gangster and have not got your wealth from dubious means, also on the financial side I guess there is a formula where you have to show the means to pay the bills for a certain amount of time if other funds stop, at a guess the time period could be anywhere from 1 month to a year of available cash. Out of interest do the EFL actually publish what the criteria is or is it all very hush hush and can be different depending on who the prospective buyer is.


No, it's like a DBS check. It only confirms you've never been caught before. It's not a guarantee that the person isn't dodgy.
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MuddyWaters
August 22, 2019, 9:20pm
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Quoted from Ipswin


Yes of course you have but its the same thing over and over and over again, 16 years of mismanagement, the benign loan, poor PR, delaying the takeover et al

After today one if not two complaints have gone a long way to being sorted so unless someone can think of a new stick to beat Fenty with (rather than repeating all the old moans and groans about how badly run people think the club has been, yet again) can it be given a rest for a while at least until we see what Shutes proposes and whether the Board can agree.



I can’t quite see how a possible sale of a worthless football club excuses how it became worthless in the first place.

Interesting also that Mr Fenty still believes that Peaks Parkway is still the better location from a business perspective.
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lew chaterleys lover
August 22, 2019, 9:21pm
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Quoted from Ipswin


Yes of course you have but its the same thing over and over and over again, 16 years of mismanagement, the benign loan, poor PR, delaying the takeover et al

After today one if not two complaints have gone a long way to being sorted so unless someone can think of a new stick to beat Fenty with (rather than repeating all the old moans and groans about how badly run people think the club has been, yet again) can it be given a rest for a while at least until we see what Shutes proposes and whether the Board can agree.



It can't be the same thing over and over because there is a new member-up every week to discuss.
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promotion plaice
August 22, 2019, 9:34pm

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Surely after the JF interview on RH the spotlight is now on Shutes, what more can JF do now ?





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MuddyWaters
August 22, 2019, 9:37pm
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Quoted from promotion plaice

Surely after the JF interview on RH the spotlight is now on Shutes, what more can JF do now ?





Well yes, but the club isn’t worth buying without the regeneration and commercial opportunities in the background. Mr Shutes is absolutely right to line his ducks up (or whatever the phrase is.)
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KingstonMariner
August 22, 2019, 10:12pm
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Quoted from GollyGTFC


The Directors loans dropped at some point because MIke Parker changed £350,000 of loans into shares as per an agreement with Fenty. I think Fenty did the same for a much smaller amount.


Aye. Called up share capital:

Year   Amount         Change on previous year
2010: £510,700
2011: £1,506,900    +£996,200
2012: £2,058,500    +£551,600
2013: £2,059,100    +£600
2014: £2,112,400    +£53,300
2015: £2,173,800    +£61,400
2016: £2,272,400    +£98,600

So the big injection was when the Parker share saga went on. He bought £500,000 between March and Sept 2011.
https://www.bbc.co.uk/sport/football/15131461

According to the GrimTel Parker owns c22% of the shares now which would make it around £500,000. So probably a million injected when we started our non-League journey.
https://www.grimsbytelegraph.c.....r-john-fenty-3005126


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Oh my friend we're older but no wiser,
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Northbank Mariner
August 22, 2019, 10:12pm
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Quoted from ska face


Don’t give up the day job, not sure you’ve a future in accountancy.


And your saying I'm wrong??...go check it for yourself...he has a net worth of -£2.3 million...and that is a fact before the mods jump on me.  
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