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Has he gone yet.!!

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Malta_Mariner_90
June 28, 2019, 10:26pm
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Quoted from Bigdog


With the controlling interest share value of around 1m and loans to pay off circa 1.6m, 2.6m before additional investment is a hefty price for a club with only 0.5m in realisable assets. My instinct tells me that JF will compromise somewhat with the loans if he wants a clean break. If he doesn't want a clean break, I reckon the full amount of loans outstanding may have to be paid over a lengthy period. But then again, who knows exactly who is fully behind the bid for the club, what is fully planned for the club (and town) going forward, and how much money is behind him (them)?


I sincerely hope you are right and if this was a stumbling block he would do the above (maybe it is not an issue at all for the potential new owner/s).

What puts me in a more positive frame of thinking is that to get to an obviously advanced stage in talks must mean that at least some agreement in principle about this is in place.  
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MuddyWaters
June 28, 2019, 10:29pm
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Quoted from Malta_Mariner_90


I think these people are commonly know as tyre kickers  


Frankly, I would kick a tyre or two if the price tag included all of the loans, share price etc. Shares should be worth zero because, in all honesty, the club is worth zero.
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Fishy_fishtails
June 28, 2019, 10:31pm

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Yippee. Another JF bashing thread.
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samg
June 28, 2019, 10:32pm
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Ffs can we just not leave JF alone - like it or not he's a fan of gtfc and put his money into the club - and regardless of what's gone on in the past I'm sure there's a huge percentage of us that could not afford the finances he's given the club!
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Rik e B
June 28, 2019, 10:33pm

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I'm sure this is the crux of the matter though.
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Rik e B
June 28, 2019, 10:33pm

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The sticking point.
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KingstonMariner
June 28, 2019, 10:37pm
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Quoted from Malta_Mariner_90


I think these people are commonly know as tyre kickers  


You forgot the inverted commas!


Through the door there came familiar laughter,
I saw your face and heard you call my name.
Oh my friend we're older but no wiser,
For in our hearts the dreams are still the same.
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Malta_Mariner_90
June 28, 2019, 10:40pm
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Quoted from Fishy_fishtails
Yippee. Another JF bashing thread.


Hardly though is it? Fans talking about potential take over of club...some asking why he would not just leave his money and walk...reasoned debate follows.

No need to start snapping children's flags or anything like that just yet.  
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KingstonMariner
June 28, 2019, 10:45pm
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Quoted from 139914


What’s the issue here, that he hasn’t squandered his privately accumulated fortune on the club?  Bottom line  is this, he was prepared to guarantee the football clubs debt, who else was?  He wants his money back, don’t blame him.  Let’s not get into the realms of ‘if I won £50m on the lottery I’d buy the club and do blah blah blah.

Personally I think he’s an egomaniac, his stewardship isn’t something for any rational person to gloat over, countless poor decisions, countless poor appointments.  However, whilst in relative terms a rich man his funds aren’t limitless.  The club still exists, if that’s his legacy then he deserves gratitude for that alone.


Not expecting him to waste his fortune on the club. He kept the wolf from the door back in , when was it 2004? But his control damaged the club for several years after, and continue to, and if his loans subsequently increased it was because of his decisions. He has lost other investors too. I’d draw up the balance sheet with no net credit on his side at the moment.


Through the door there came familiar laughter,
I saw your face and heard you call my name.
Oh my friend we're older but no wiser,
For in our hearts the dreams are still the same.
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KingstonMariner
June 28, 2019, 10:47pm
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Quoted from Fishy_fishtails
Yippee. Another JF bashing thread.


What did you expect when you read the thread title?


Through the door there came familiar laughter,
I saw your face and heard you call my name.
Oh my friend we're older but no wiser,
For in our hearts the dreams are still the same.
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