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Its happening!!! The takeover!!!

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geir
June 24, 2019, 10:06am

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I don`t know a lot about these things, and certainly not how it works in England, but I guess the rules would apply the same in England as in my country; i.e. that when a company is in talks with an interested party that wants to buy a substantial part of the shares, all trading in those shares would be suspended?
So... if someone tried to buy some shares in Grimsby Football Club right now.... what would the response be?
Can someone "in the know" clarify? Mr. Jolley, maybe?


My non-football related blog: http://geirmykl.wordpress.com/
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RoboCod
June 24, 2019, 10:09am
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Quoted from marinerjase
You’ve no idea who John Wood is? But proclaim to be the font of all knowledge? Do me a favour....fantasist. And Bax is bang on.


Quite. I think Butty's part in this epic drama is, like John Fenty's, done with.

It's on. A fair bit of paperwork/red tape and face-saving to do but it's gonna happen.


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diehardmariner
June 24, 2019, 10:26am
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Didn't take long for Fenty to take the opportunity to big himself up did it?  I really, really hope there's no insistence from him that he retains some sort of interest in the club.  It's time for a total clean sweep of the old guard.

It looks like it's happening and that rather than the concern of some dodgy asset-stripper coming in we've got a guy/group who will move the club forward and have the best interest of the club as their main priority.

Ticks a lot of boxes, in fact all of them, for me.  Committed to the overall regeneration of the area, seeing the club as a vital part of that.  This includes the moves to a community stadium as well.

Can only echo what a lot of others have said that this has to about far more than just throwing city money at a promotion push.  We all want a vibrant, sustainable and successful football club (on and off the field).  Hopefully this guy is someone who can help deliver that for us.
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Rik e B
June 24, 2019, 10:31am

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139847
June 24, 2019, 10:42am
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Quoted from RoboCod


Quite. I think Butty's part in this epic drama is, like John Fenty's, done with.

It's on. A fair bit of paperwork/red tape and face-saving to do but it's gonna happen.

I'm sorry, but just because I didn't take scrupulous account of all minor members doesn't mean I'm a bullshitter. Again, if you don't believe me just inbox me and I'll explain / prove with hard evidence that what I say is directly from a director
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Rik e B
June 24, 2019, 10:53am

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Maybe your director friend been told not to leak anything and throwing out red herrings that deal is dead?
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139847
June 24, 2019, 10:57am
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Quoted from Rik e B
Maybe your director friend been told not to leak anything and throwing out red herrings that deal is dead?


Quite possible, he seemed to think that it was Shutes himself that was telling the media... Perhaps trying to push the deal through? - sounds about like he hadn't demonstrated his financial capability yet and that was the holdup, but who knows maybe he has since and Fenty hasn't informed the 'lesser' directors
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The_Laughing_Mariner
June 24, 2019, 11:03am
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thanks for the new link


<'(((((<

When I was a little boy
I asked my daddy what would i be
would I be United, would i be Leeds
Here's what he said to me

Oh Grimsby Grimsby
Whatever will be will be
You'll follow then faithfully
Oh Grimsby Grimsby


Tell me Mam me Mam
I dont want no tea no tea
I'm watching the Grimsby
Tell me Mam me mam
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RonMariner
June 24, 2019, 11:08am

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I think that we can conclude from the interview that this is a very serious development, not some media speculation.

It sounds like Shutes is definitely trying to buy the club, and has been for a year, and that Fenty is keen to sell, providing he can be sure the club would be left in safe hands.

No doubt the fate of the loans is a major factor in the negotiation and potentially a major stumbling block. I guess it will come down to whether Fenty accepts that he has to take a write off of all or part of the loans. He has previously said that no previous Director has had to suffer such a loss. But after 19 years he may be willing to soften this stance in order to move out of the firing line.

We shall see.

I hope that things get resolved quickly though because new ownership might mean a higher budget, and many of the better players will be snapped up in the coming weeks.    
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Rik e B
June 24, 2019, 11:15am

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Yes sooner rather than later for stability and impetus for the forthcoming campaign.
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