Has he gone yet.!!

Has Fenty left the club yet, we need to get him out asap.
As soon as he has gone the club will rise from its 15 years of abject inept management.
Cue the Fenty red cross morons.

Provocative little tinker you are Yoda  

Wind-up-merchant you are Yoda......trouble is I actually agree with you on this occasion.

I agree. If you don't want to see how many X you get or have, just edit the Google Chrome code so it doesn't show it. Been doing it for years  

Not decrying Mr Fenty as he was in a position to actually put his hand in his pocket to "save" the club, but when it comes to looking for a buyer is he trying to ensure he gets his money back, as the major shareholder surely he must take the rough with the smooth ( loss against profit).

Quoted from Gaffer58

Not decrying Mr Fenty as he was in a position to actually put his hand in his pocket to "save" the club, but when it comes to looking for a buyer is he trying to ensure he gets his money back, as the major shareholder surely he must take the rough with the smooth ( loss against profit).

Not having a go but why would he not try to get his money he put in back, that would only be natural surely?

As far as I am aware he never professed to "gifting" the club the money. As has been shown in the accounts in the last couple of years he has recouped a small amount, reducing the amount owed to him so obviously in the long term regardless of if this take over happens he is going to eventually recoup his money.

Not sure why people think he would just walk away without at least getting his money he has invested back, regardless of achievements or lack of it just is not the way it works with football clubs.

Quoted from Malta_Mariner_90

Not having a go but why would he not try to get his money he put in back, that would only be natural surely?

As far as I am aware he never professed to "gifting" the club the money. As has been shown in the accounts in the last couple of years he has recouped a small amount, reducing the amount owed to him so obviously in the long term regardless of if this take over happens he is going to eventually recoup his money.

Not sure why people think he would just walk away without at least getting his money he has invested back, regardless of achievements or lack of it just is not the way it works with football clubs.

He may well have had his money back sooner if not for running the club so poorly.

Only moron on here is you Yoda.

Quoted from Malta_Mariner_90

Not having a go but why would he not try to get his money he put in back, that would only be natural surely?

As far as I am aware he never professed to "gifting" the club the money. As has been shown in the accounts in the last couple of years he has recouped a small amount, reducing the amount owed to him so obviously in the long term regardless of if this take over happens he is going to eventually recoup his money.

Not sure why people think he would just walk away without at least getting his

money he has invested back, regardless of achievements or lack of it just is not the way it works with football clubs.

Sorry, but isn't the football club a business, obviously it's here to entertain and hopefully win matches gain promotion etc, that way it may make some money for the shareholders (see the Glaziers at Man U) but it may lose games and be relegated, less fans through the doors and less TV money, that's the gamble club shareholders take. So I'm afraid Mr Fenty had to accept that his investment into GTFC has not been a money tree. Still the same if you have a car dealership, lots of fancy expensive cars on the forecourt but if nobody buys then eventually you will lose your money, and if your bought out you have to take the going price of your stock, buildings etc and not expect them to cover your loses.

Quoted from Gaffer58

Sorry, but isn't the football club a business, obviously it's here to entertain and hopefully win matches gain promotion etc, that way it may make some money for the shareholders (see the Glaziers at Man U) but it may lose games and be relegated, less fans through the doors and less TV money, that's the gamble club shareholders take. So I'm afraid Mr Fenty had to accept that his investment into GTFC has not been a money tree. Still the same if you have a car dealership, lots of fancy expensive cars on the forecourt but if nobody buys then eventually you will lose your money, and if your bought out you have to take the going price of your stock, buildings etc and not expect them to cover your loses.

The difference is most of the money he put into the club was a loan. Not quite the same as your example. He’s more like the bank who loaned the dealership money with a debenture over the cars and premises. Smart business move on his part. Gave him control with minimal risk.

So. I agree. He hasn’t really bailed out the club.

Quoted from KingstonMariner

The difference is most of the money he put into the club was a loan. Not quite the same as your example. He’s more like the bank who loaned the dealership money with a debenture over the cars and premises. Smart business move on his part. Gave him control with minimal risk.

So. I agree. He hasn’t really bailed out the club.

So if I borrow £100k from the bank, against my house, and buy Brigg Town, then up the players match fees, over to what the annual income is, but loan the club money to cover this loss, but after 2/3 years get fed up and put the club up for sale, I can expect the new buyer to cover my loans/losss.

Quoted from Malta_Mariner_90

Not having a go but why would he not try to get his money he put in back, that would only be natural surely?

As far as I am aware he never professed to "gifting" the club the money. As has been shown in the accounts in the last couple of years he has recouped a small amount, reducing the amount owed to him so obviously in the long term regardless of if this take over happens he is going to eventually recoup his money.

Not sure why people think he would just walk away without at least getting his money he has invested back, regardless of achievements or lack of it just is not the way it works with football clubs.

It's not the way it works for football clubs at all. There are many, many owners who have had to write off fortunes due to not being able to progress their club's value.

Think it's better to leave JF and the potential investor(s) in peace, give them some breathing space to thrash out a deal that suits both parties, and we can assess it from there..

Quoted from KingstonMariner

The difference is most of the money he put into the club was a loan. Not quite the same as your example. He’s more like the bank who loaned the dealership money with a debenture over the cars and premises. Smart business move on his part. Gave him control with minimal risk.

So. I agree. He hasn’t really bailed out the club.

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.

Quoted from Gaffer58

So if I borrow £100k from the bank, against my house, and buy Brigg Town, then up the players match fees, over to what the annual income is, but loan the club money to cover this loss, but after 2/3 years get fed up and put the club up for sale, I can expect the new buyer to cover my loans/losss.

Not what I’m saying. I’m pointing out that despite what some people say he hasn’t bailed the club out. He made a smart business move.

If he wants any credit then he needs to be prepared to take a loss.

Yes, as a secured creditor he can expect his money back. But going for that pound of flesh undermines any claim he has on having saved the club or kept it going.

So I’m sort of agreeing with you but addressing the arguments put forward in favour of him being entitled to his money back.

Quoted from Bigdog

It's not the way it works for football clubs at all. There are many, many owners who have written off fortunes due to not being able to progress their club's value.

Think it's better to leave JF and the potential investor(s) in peace, give them some breathing space to thrash out a deal that suits both parties, and we can assess it from there..

I think maybe I did not make my point very well. Those who may have written of fortunes would be because no fornicator would pay them a penny for the debt ridden club they are trying to offload hence administration for so many FL clubs in the last 20-30 years, new owners would just wait (in some cases the same owners as before (Leicester I think?) clear the debts for a fraction of the real cost and take over (take a look at whats going on at Notts C probably will happen there).

In our situation If someone is going to "buy" the club off Fenty then of course he is not going to say "sure have it, we will chuck the old floodlights in for free as well." He will definitely be trying to factor in his loans with the club one way or the other.  

Quoted from Malta_Mariner_90

I think maybe I did not make my point very well. Those who may have written of fortunes would be because no fornicator would pay them a penny for the debt ridden club they are trying to offload hence administration for so many FL clubs in the last 20-30 years, new owners would just wait (in some cases the same owners as before (Leicester I think?) clear the debts for a fraction of the real cost and take over (take a look at whats going on at Notts C probably will happen there).

In our situation If someone is going to "buy" the club off Fenty then of course he is not going to say "sure have it, we will chuck the old floodlights in for free as well." He will definitely be trying to factor in his loans with the club one way or the other.  

For me, it’s not about the loans or the cost of shares, it’s about what the current custodian has cost the club in lost revenue, league position and infrastructure.

When all of that is analysed, it’s all negative.

Quoted from MuddyWaters

For me, it’s not about the loans or the cost of shares, it’s about what the current custodian has cost the club in lost revenue, league position and infrastructure.

When all of that is analysed, it’s all negative.

Of course, I agree if you were to put a value on the club from before Fenty took over and now it could not be higher lets put it that way.

But the new owner has also to take on the clubs debts as well when purchasing and either he clears them on purchasing or they remain and are repaid later. And as we all know the only real debt is with Fenty. So one way or the other it is not just going to be written off as some would like to think would happen.

Quoted from Malta_Mariner_90

I think maybe I did not make my point very well. Those who may have written of fortunes would be because no fornicator would pay them a penny for the debt ridden club they are trying to offload hence administration for so many FL clubs in the last 20-30 years, new owners would just wait (in some cases the same owners as before (Leicester I think?) clear the debts for a fraction of the real cost and take over (take a look at whats going on at Notts C probably will happen there).

In our situation If someone is going to "buy" the club off Fenty then of course he is not going to say "sure have it, we will chuck the old floodlights in for free as well." He will definitely be trying to factor in his loans with the club one way or the other.  

You could be right on owners writing off money if no one else was prepared to pay. We could end up with a situation here where the prospective buyer pulls out because he perceives the club as not being worth the price being demanded. The sale falls through and JF goes down as the man who put his narrow interests in front of the club’s.

Always assuming of course that Shuteses has the best interests of the club/town at heart too. But if the deal falls down because of the price there will always be that big question.

If I was a big shot in my home town I wouldn’t want that question hanging over me.

Quoted from Malta_Mariner_90

I think maybe I did not make my point very well. Those who may have written of fortunes would be because no fornicator would pay them a penny for the debt ridden club they are trying to offload hence administration for so many FL clubs in the last 20-30 years, new owners would just wait (in some cases the same owners as before (Leicester I think?) clear the debts for a fraction of the real cost and take over (take a look at whats going on at Notts C probably will happen there).

In our situation If someone is going to "buy" the club off Fenty then of course he is not going to say "sure have it, we will chuck the old floodlights in for free as well." He will definitely be trying to factor in his loans with the club one way or the other.  

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)?

Quoted from KingstonMariner

You could be right on owners writing off money if no one else was prepared to pay. We could end up with a situation here where the prospective buyer pulls out because he perceives the club as not being worth the price being demanded. The sale falls through and JF goes down as the man who put his narrow interests in front of the club’s.

Always assuming of course that Shuteses has the best interests of the club/town at heart too. But if the deal falls down because of the price there will always be that big question.

If I was a big shot in my home town I wouldn’t want that question hanging over me.

I think these people are commonly know as tyre kickers  

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.  

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.

Yippee. Another JF bashing thread.

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!

I'm sure this is the crux of the matter though.

The sticking point.

Quoted from Malta_Mariner_90

I think these people are commonly know as tyre kickers  

You forgot the inverted commas!

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.  

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.

Quoted from Fishy_fishtails

Yippee. Another JF bashing thread.

What did you expect when you read the thread title?

Quoted from Fishy_fishtails

Yippee. Another JF bashing thread.

No it isn’t, most of it is constructive discussion .  

Quoted from KingstonMariner

You forgot the inverted commas!

Only so you could point it out afterwards  

Things have been pretty shite the past 15 years as we all know . Before JF took over the club was in a excrement position and he stood up and took it on . Although I don't know him personally I do know he's spent countless hours of toil at this club and yes made mistakes on the way but he deserves people's respect for the effort hes put in when no other was willing to take it on.Maybe the dice is finally rolling in our favour ,who knows ,but I for one appreciate he's tried his best for our club even if it didn't work out.

Quoted from Grim up north

Things have been pretty shite the past 15 years as we all know . Before JF took over the club was in a excrement position and he stood up and took it on . Although I don't know him personally I do know he's spent countless hours of toil at this club and yes made mistakes on the way but he deserves people's respect for the effort hes put in when no other was willing to take it on.Maybe the dice is finally rolling in our favour ,who knows ,but I for one appreciate he's tried his best for our club even if it didn't work out.

He’s been involved nearly 2 decades much of that sole owner  in which time we’ve had zero success ( non league doesn’t count ,absolute embarrassment we sunk that low ) I personally want him gone ASAP.  I don’t hate him but find it hard to respect someone whose been a total failure at running my club , from the Monday announcements to deconstructing flags the list goes on and on we desperately need change imo

Just want rid now. Understand those saying he deserves his loans back but sure he’s said himself that he wouldn’t look to retrieve the cash only to syphon it out of the club over the last few years leaving us going nowhere. It would also be easier to forgive the bad decisions if he hadn’t shown such distain for the fan base. All town aren’t we?

Just to clear up the deconstruction of the flag episode.
I was sat very close to that incident.  (And no I wasn’t with ‘Butty)😉

Said child was asked repeatedly to stop waving it so aggressively.
It was getting in the faces of the people around him and was extremely annoying and he knew it.
If JF hadn’t done something it genuinely could have been worse.  Had I deconstructed it, the child concerned would have spent the night with a rectal surgeon removing it bit  by bit.
I don’t stick up for JF too often, but was one of quite a few that applauded him for that.

Quoted from Civvy at last

Just to clear up the deconstruction of the flag episode.
I was sat very close to that incident.  (And no I wasn’t with ‘Butty)😉

Said child was asked repeatedly to stop waving it so aggressively.
It was getting in the faces of the people around him and was extremely annoying and he knew it.
If JF hadn’t done something it genuinely could have been worse.  Had I deconstructed it, the child concerned would have spent the night with a rectal surgeon removing it bit  by bit.
I don’t stick up for JF too often, but was one of quite a few that applauded him for that.

Interesting to hear another view of that story, if that is the case fair play, reminds me of that little excrement the Swansea ball boy who was "kicked" by Hazard that time. Must be something in South Wales.

Are we talking Church of the latter day saints?

I've never been a business man so have no experience to call on but lets hypothesise for a moment. Obviously it would be better if the club had current momentum on the pitch a la Lincoln a couple of years ago but do business men only look at the current situation? What about potential? If as "Big Dog" and others suggest the main problems are fan engagement/technical development etc. surely these would be easily remedied by someone with  vision?
I suspect anyone coming in would conduct their own "due diligence" and see that whatever problems are associated with a League Two football team in the case of GTFC a financially well run club in terms of balancing the books etc provides a good foundation.
This may be entirely wishful thinking but I'm not getting any younger and I would really love to see some lasting progression and to be able to watch MY club play again at a higher level preferably in a fit for purpose 21st. Century stadium...

Imagine if Shutes came in, negotiated a deal where a £600k loan became £2.5m of debt which rolled on for 15 years, oversaw 2 back-to-back relegations, sat and watched the longest winless run in the club’s history, took us into non-league for 6 years, allowed the stadium to fall into absolute disrepair, spent over a decade giving grief to fans, local press partners and other key stakeholders (the council, the police, local public), voted for the introduction of B-teams against the express interest of fans...twice, all whilst serving up gaffes and PR disasters on an almost monthly basis.

Wonder how much patience the bootlickers would have with him?

Quoted from Civvy at last

Just to clear up the deconstruction of the flag episode.
I was sat very close to that incident.  (And no I wasn’t with ‘Butty)😉

Said child was asked repeatedly to stop waving it so aggressively.
It was getting in the faces of the people around him and was extremely annoying and he knew it.
If JF hadn’t done something it genuinely could have been worse.  Had I deconstructed it, the child concerned would have spent the night with a rectal surgeon removing it bit  by bit.
I don’t stick up for JF too often, but was one of quite a few that applauded him for that.

I was sat very near to this, Newport adults encouraged the child. A flag with a stick should never have been allowed in.

Quoted from barralad

I've never been a business man so have no experience to call on but lets hypothesise for a moment. Obviously it would be better if the club had current momentum on the pitch a la Lincoln a couple of years ago but do business men only look at the current situation? What about potential? If as "Big Dog" and others suggest the main problems are fan engagement/technical development etc. surely these would be easily remedied by someone with  vision?
I suspect anyone coming in would conduct their own "due diligence" and see that whatever problems are associated with a League Two football team in the case of GTFC a financially well run club in terms of balancing the books etc provides a good foundation.
This may be entirely wishful thinking but I'm not getting any younger and I would really love to see some lasting progression and to be able to watch MY club play again at a higher level preferably in a fit for purpose 21st. Century stadium...

A rounded vision that is directed at the GTFC fans who sparingly go to games or have stopped going completely is needed. A comprehensive and wide-ranging plan executed adeptly and accurately which carries a lot of provenance and can re-engage that sector of our support and the wider community, because if they are willing to re-engage again, then whatever vision it is should also be working for our existing diehard support..

Quoted from barralad

I've never been a business man so have no experience to call on but lets hypothesise for a moment. Obviously it would be better if the club had current momentum on the pitch a la Lincoln a couple of years ago but do business men only look at the current situation? What about potential? If as "Big Dog" and others suggest the main problems are fan engagement/technical development etc. surely these would be easily remedied by someone with  vision?
I suspect anyone coming in would conduct their own "due diligence" and see that whatever problems are associated with a League Two football team in the case of GTFC a financially well run club in terms of balancing the books etc provides a good foundation.
This may be entirely wishful thinking but I'm not getting any younger and I would really love to see some lasting progression and to be able to watch MY club play again at a higher level preferably in a fit for purpose 21st. Century stadium...

A good assessment. I wouldn’t think there’s the scope to make a lot of money, bearing in mind the redevelopment/stadium  costs, but there’s potential for a larger, sustainable fan-base. The club could be a standard bearer for regeneration. A symbol of new found confidence.

Quoted from ska face

Imagine if Shutes came in, negotiated a deal where a £600k loan became £2.5m of debt which rolled on for 15 years, oversaw 2 back-to-back relegations, sat and watched the longest winless run in the club’s history, took us into non-league for 6 years, allowed the stadium to fall into absolute disrepair, spent over a decade giving grief to fans, local press partners and other key stakeholders (the council, the police, local public), voted for the introduction of B-teams against the express interest of fans...twice, all whilst serving up gaffes and PR disasters on an almost monthly basis.

Wonder how much patience the bootlickers would have with him?

What the hell are you on about ?  

There is no club in the world that would allow that to happen, surely. And if it somehow did, I can’t imagine a club with fans so loyal that they would still turn up in their thousands to support that club.


Oh


Hang on ...........

Quoted from barralad

I've never been a business man so have no experience to call on but lets hypothesise for a moment. Obviously it would be better if the club had current momentum on the pitch a la Lincoln a couple of years ago but do business men only look at the current situation? What about potential? If as "Big Dog" and others suggest the main problems are fan engagement/technical development etc. surely these would be easily remedied by someone with  vision?
I suspect anyone coming in would conduct their own "due diligence" and see that whatever problems are associated with a League Two football team in the case of GTFC a financially well run club in terms of balancing the books etc provides a good foundation.
This may be entirely wishful thinking but I'm not getting any younger and I would really love to see some lasting progression and to be able to watch MY club play again at a higher level preferably in a fit for purpose 21st. Century stadium...

A good assessment, I know Fenty is a fan,  has kept the club solvent and has every right to expect to recover his loans, however  on the football side Fenty has failed, we have spent much of his tenure either fighting relegation from the league or in non league, we cut out cloth and standards to non league and never stepped up off the pitch when we got promoted, the ground is crumbling and the new stadium issue seems endless.
The them and us attitude of the board is unbelievable in what should be a community club. New energy is needed throughout the club, an assessment of everyone's role and how to improve is needed, more professional PR and fan liaison are a must.

The disappointment if this bid fails will be massive, with the new season, new signings and new hope, carrying on with the same Board who seem to delight in antagonizing their customers will deflate any enthusiasm

Quoted from Civvy at last

Just to clear up the deconstruction of the flag episode.
I was sat very close to that incident.  (And no I wasn’t with ‘Butty)😉

Said child was asked repeatedly to stop waving it so aggressively.
It was getting in the faces of the people around him and was extremely annoying and he knew it.
If JF hadn’t done something it genuinely could have been worse.  Had I deconstructed it, the child concerned would have spent the night with a rectal surgeon removing it bit  by bit.
I don’t stick up for JF too often, but was one of quite a few that applauded him for that.

In the absence of photographic evidence with redacted faces, I find your version of events very hard to believe..  

It's absolutely true, I was sat a bit behind same kid, he was most definitely asked several times to stop waving the flag but wouldn't.

I think most including myself mention the flag incident with a little bit of humour nothing more in truth

Quoted from Bigdog

A rounded vision that is directed at the GTFC fans who sparingly go to games or have stopped going completely is needed. A comprehensive and wide-ranging plan executed adeptly and accurately which carries a lot of provenance and can re-engage that sector of our support and the wider community, because if they are willing to re-engage again, then whatever vision it is should also be working for our existing diehard support..

Not like you to miss my point Bigdog. I wouldn't disagree with a single word of what you say. I'm only suggesting that given the underlying financial health of GTFC any would be investor might not be put off by the repayment of a loan. We aren't Bury or Notts County type financial basket cases. Anyway  I'm allowing myself to hope...

Quoted from barralad

Not like you to miss my point Bigdog. I wouldn't disagree with a single word of what you say. I'm only suggesting that given the underlying financial health of GTFC any would be investor might not be put off by the repayment of a loan. We aren't Bury or Notts County type financial basket cases. Anyway  I'm allowing myself to hope...

In relative terms, the outstanding loan amount, which has been our fairly static historical debt figure for 20 years, should not really be a game changing additional cost to overcome especially if repayments are spread over the long term ie 100k per annum. There is helluva lot of unlocked potential to increase income streams along with the predicted upsurge in support for a fresh start. Clean slate and all that. Value wise, the figure to take over a controlling interest by way of purchasing JF's shares on a pound for pound basis would seem about the correct value for the club as it stands. If the inconing investor(s) indeed have big plans for the club and wider community regeneration, then 100k or so per annum to pay off the said loans should be no more than a frustrating hindrance and a bit of a drag on future growth rather than a deal breaker. a 10% increase in season ticket sales should cover it. .

I'm allowing myself to hope too Barra having been on this GTFC rollercoaster of a journey for pretty much as long as you have..

Let’s be honest people are not queuing around the block to buy the club this Fentys chance to get out get some of his money back and move on.
If Fenty wants 2.5million i would pay it neither would anyone with a brain, just wait in the wings until we go into administration.
Season tickets and match tickets will be down massively if he stays so he won’t be taking out his 150 grand this year.
Maybe putting in another 350 000.+ or even worse going down.

No businessman is going to want him involved in any way or paying him back so much a year.
No one can work with him as has been proven.!

It’s a deal John take it or leave it.!!

John Fenty knew what he was getting himself into when he decided to ‘save’ the club. He must have known that this wasn’t going to be a money-making venture.

If he was never in it for the money, and saved the club out of the goodness of his heart, then I don’t understand why it’s now all about the money (unless he’s gone on record to say he’s not bothered about cutting his losses for the benefit of the club’s future).

It's pretty clear from my time on the fishy that regardless of how good or bad JF has done people just don't like him and his ways.  That's their views which I respect.  

I'm not 100% sure how or what Fenty did and said back when he 'saved the club'... But if he did say its loans and he will just have them back if and when possible then I say he has every right to get every penny back.. Love him or hate him it's the right thing too do.... Ii assume he hasn't paid himself for all the maintenance work he's attempted around the ground etc.. I genuinely think he's a proper town fan and wants what is best for the club but we all are that, doesn't mean we'd be able to run a football club.

Quoted from lukeo

I'm not 100% sure how or what Fenty did and said back when he 'saved the club'... But if he did say its loans and he will just have them back if and when possible then I say he has every right to get every penny back.. Love him or hate him it's the right thing too do.... Ii assume he hasn't paid himself for all the maintenance work he's attempted around the ground etc.. I genuinely think he's a proper town fan and wants what is best for the club but we all are that, doesn't mean we'd be able to run a football club.

Nobody is going to pay him "every penny back" so we would be stuck with the status quo forever, and he would presumably want to take his loans back by instalments as it appears he has been doing.

Nobody can expect to run a professional club in their own image for many years without taking a financial hit, if they have been unable to run it succesfully. Of course the same would be true  in reverse - if he had made a success of it and maybe profited from the sale of BP and business interests connected to a new stadium then he could have walked off with all the profits.

I hope the two parties can come to a sensible agreement, but Mr Shutes will presumably walk away if the deal is not suitable.

I think the Telegraph played a blinder by making it public knowledge and they have backed the club into a corner, the board knows they are under immense pressure to get this takeover over the line and the board will know if this doesn't happen they will be public enemy number one

Quoted from lukeo

I'm not 100% sure how or what Fenty did and said back when he 'saved the club'... But if he did say its loans and he will just have them back if and when possible then I say he has every right to get every penny back.. Love him or hate him it's the right thing too do.... Ii assume he hasn't paid himself for all the maintenance work he's attempted around the ground etc.. I genuinely think he's a proper town fan and wants what is best for the club but we all are that, doesn't mean we'd be able to run a football club.

Just as well most of the work done is of a very poor standard and needs redoing .Fenty could be on that rogue traders show.....

Quoted from 140067

I was sat very near to this, Newport adults encouraged the child. A flag with a stick should never have been allowed in.

You mean like the black and white flags on sticks that the shop sold?  

This takeover/investment has gone very quiet

Quoted from OllieGTFC

This takeover/investment has gone very quiet

It was also pretty quiet for the whole year before it was leaked as well...

[img]https://i.imgur.com/QxX3pDQ.gif[/img]

Still waiting for him disappear.....

Quoted from bluerose13x

Still waiting for him disappear.....

It has gone ominously quiet.

It should be quite straightforward really if the seller wants to sell and the buyer wants to buy.

Obviously, the seller, in this case, will have to be realistic with the asking price.

Quoted from lew chaterleys lover

It has gone ominously quiet.

It should be quite straightforward really if the seller wants to sell and the buyer wants to buy.

Obviously, the seller, in this case, will have to be realistic with the asking price.

i would like to buy the club but i dont have anything like the money......could be a sticking point. Maybe thats a scenario that is being played out as we speak.

If Tom Shutes had the money in place then i think the deal would have been done by now.

All is still at Blundell Park
The mushrooms are still in the dark
Discussions gone to covert?
Not a whisper from Bill or Bert
Things seem so so so tight-lipped
Can't see if the paper's stripped
Walls are now a padded cell
No rumours leaked to dispel
Of takeover talk and stadium new
Oh me oh my, please let it be true....  

Bit of time on me hands.....

I'll get me coat...  

Quoted from moosey_club

If Tom Shutes had the money in place then i think the deal would have been done by now.

I fear that may well be the problem

Quoted from moosey_club

i would like to buy the club but i dont have anything like the money......could be a sticking point. Maybe thats a scenario that is being played out as we speak.

If Tom Shutes had the money that John Fenty wants in place then i think the deal would have been done by now.

Amended.

Quoted from moosey_club

i would like to buy the club but i dont have anything like the money......could be a sticking point. Maybe thats a scenario that is being played out as we speak.

If Tom Shutes had the money in place then i think the deal would have been done by now.

Or the asking price is too high.

Quoted from lew chaterleys lover

Or the asking price is too high.

I see the Fentyistas are out red-crossing anything sensible like that

It’s starting to become evident who the tyre kicker really is...

It  worries me the telegraph spoke humberside spoke the board spoke the trust spoke ....but Shutes  is stum

Wouldn't surprise me if a certain person wanted a life directorship and place on board dispite totally selling out

Quoted from Brazilnut

It  worries me the telegraph spoke humberside spoke the board spoke the trust spoke ....but Shutes  is stum

Sensible decision.
Patience......

business negotiations are confidential, the potential new owner is not going to reveal anything I would imagine...there is no point in trying to second guess, we just need to wait and see..   and keep our fingers crossed..

Assume most posters have been involved in buying and selling houses so really should understand that the process is anything but straightforward. Thus I expect buying a football club is 10x as problematic and with solicitors involved there is probably no more that can be said at this time.

Prefer to think no news is good news as if the sale was off pretty sure that would be in the public domain by now.

Quoted from Brazilnut

It  worries me the telegraph spoke humberside spoke the board spoke the trust spoke ....but Shutes  is stum

Same here, he wouldn't be giving anything away surely if he said in the press that negotiations are ongoing now the cat is out of the bag.

I believe Tom Schutes is a very private man, ever thought the negotiations are just about complete and I would be surprised if we heard anything between now and the conclusion of the negotiations..
Hoping the next we hear Fenty make a statement is one of handing over the reigns to Mr Schutes...
Still staying positive in my little world and hoping for a new dawn my beloved GTFC..

Quoted from MarshMariner

business negotiations are confidential, the potential new owner is not going to reveal anything I would imagine...there is no point in trying to second guess, we just need to wait and see..   and keep our fingers crossed..

Agreed. Buying and selling businesses is like a house transaction times ten. The fact that this has got into the public domain may not be a bad thing and that negotiations are not being denied is the same. Just be patient everyone!

Cue Don Estelle once again :-

https://www.youtube.com/watch?v=Bu4OPXiIX1U&list=RDBu4OPXiIX1U&start_radio=1&t=94

Anyone think Fenty is hanging on for a stadium announcement to be released so he can leave on good terms - make him look half decent?

Quoted from Croxton

Cue Don Estelle once again :-

https://www.youtube.com/watch?v=Bu4OPXiIX1U&list=RDBu4OPXiIX1U&start_radio=1&t=94

Hah! The original Shutup!

'Land of Hope and Glory, mudder of de ...'
'Shaaad ap!

Quoted from You stripes UTM

Anyone think Fenty is hanging on for a stadium announcement to be released so he can leave on good terms - make him look half decent?

I think progress with the new stadium is more likely when Fenty is gone. Being in charge of regeneration, he will have far more ability to influence things when there's no conflict of interest.

Quoted from pen penfras

I think progress with the new stadium is more likely when Fenty is gone. Being in charge of regeneration, he will have far more ability to influence things when there's no conflict of interest.

Ah yes, because progress was spectacularly rapid before [url=https://www.grimsbytelegraph.co.uk/news/grimsby-news/nelc-new-cabinet-members-fenty-2860813]he was given the regeneration portfolio in May this year[/url]. Do you ever miss an opportunity to blow smoke up his bottom?

It's not Shutes's place to make comments or statements on a possible acquisition which not gone through yet. The Club isn't his so to speak about would be unfair.

Quoted from Rik e B

It's not Shutes's place to make comments or statements on a possible acquisition which not gone through yet. The Club isn't his so to speak about would be unfair.

Yes maybe we are already seeing a far more professional approach instead of what we have seen in the last 15 year`s from our top table occupants?

Problem is, the silence is deafening

Only me that finds it completely bizarre how little there is of Tom Shutes online (bar this link)? There's being private and then there's being a digital ghost...

If he's so private - why does he want to buy a Football Club where scrutiny is unlike any other business?

Quoted from KingstonMariner

Hah! The original Shutup!

'Land of Hope and Glory, mudder of de ...'
'Shaaad ap!

Up to about 4 years ago, there was a bloke the image of Winsor Davis, who used to hand out team sheets just before the game, in the Upper Findus Youngs stand, does anybody remember him?

Quoted from Chrisblor

Ah yes, because progress was spectacularly rapid before [url=https://www.grimsbytelegraph.co.uk/news/grimsby-news/nelc-new-cabinet-members-fenty-2860813]he was given the regeneration portfolio in May this year[/url]. Do you ever miss an opportunity to blow smoke up his bottom?

What the hell are you banging on about? We had a hung council with nobody who had any desire to push this through, and many who were firmly against it. Now we have a conservative council with a regeneration officer that wants to build a new stadium. The overall council might not do anything, but a Grimsby Town fan with no conflict of interest in a position to influence this is clearly an advantage of getting a new stadium. Are you actually that blind with hate that you can't see this?

Quoted from Alfie

Only me that finds it completely bizarre how little there is of Tom Shutes online (bar this link)? There's being private and then there's being a digital ghost...

If he's so private - why does he want to buy a Football Club where scrutiny is unlike any other business?

Not at all, some businesses and people hammer social media engagement whereas some business people and industries have absolutely no need to, going quietly about their activities through more traditional methods. I've no knowledge of his operations but perhaps the fronts of his his endeavours are broadcast without the limelight being shone on the power behinfmd the throne.

Nothing new there, I couldn't tell you who owns Adidas etc etc

Quoted from pen penfras

What the hell are you banging on about? We had a hung council with nobody who had any desire to push this through, and many who were firmly against it. Now we have a conservative council with a regeneration officer that wants to build a new stadium. The overall council might not do anything, but a Grimsby Town fan with no conflict of interest in a position to influence this is clearly an advantage of getting a new stadium. Are you actually that blind with hate that you can't see this?

I like you when you get angry

Quoted from Rik e B

Not at all, some businesses and people hammer social media engagement whereas some business people and industries have absolutely no need to, going quietly about their activities through more traditional methods. I've no knowledge of his operations but perhaps the fronts of his his endeavours are broadcast without the limelight being shone on the power behinfmd the throne.

Nothing new there, I couldn't tell you who owns Adidas etc etc

You're missing the point. There's keeping a low profile and then there's keeping a profile to the point of there being absolutely nothing about the guy on Google...

Quoted from Alfie

You're missing the point. There's keeping a low profile and then there's keeping a profile to the point of there being absolutely nothing about the guy on Google...

Why would you want the World knowing your business though? Look at Fenty gets a few quid buys a car like most people with a few quid and gets pilloried by the oiks on here for flaunting his wealth . I would rather keep a low profile and do without the hassle.

Quoted from Alfie

You're missing the point. There's keeping a low profile and then there's keeping a profile to the point of there being absolutely nothing about the guy on Google...

Try Wiki ,thats usually updated everyday.