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John Fenty interview today

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MuddyWaters
August 3, 2019, 4:44pm
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Nick Dale isn’t losing his job, stadium has improved substantially under his tenure. Takeover still possible but no proof of funds. This raises a simple question- when you’re selling something, isn’t proof of funds one of the first things you check?
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Lincoln Mariner 56
August 3, 2019, 4:51pm
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But to be fair from what has been revealed thus far this is what JF’s stance has been throughout and he has never disclosed sale was imminent. Believe he was interviewed Christmas time (?) and he said at that time there had been interest but he had never been satisfied funding was available.

Was told all about the new ground and getting approval for that but why is a mystery to me for all the reasons about paying for the stadium that have been raised on this forum.
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Meza
August 3, 2019, 5:29pm

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I wonder if the delay is shutes waiting for the thumbs up from purchasing land for the new stadium on the docks 🤔.


[URL=https://imgur.com/VCxdH2Y][IMG]https://i.imgur.com/VCxdH2Ys.jpg[/IMG][/URL][URL=https://imgur.com/uMRVvRe][IMG]https://i.imgur.com/uMRVvRes.jpg[/IMG][/URL][URL=https://imgur.com/5p7nllT][IMG]https://i.imgur.com/5p7nllTs.jpg[/IMG][/URL][URL=https://imgur.com/46BEw5M][IMG]https://i.imgur.com/46BEw5Ms.jpg[/IMG][/URL][URL=https://imgur.com/06NXnQF][IMG]https://i.imgur.com/06NXnQFs.jpg[/IMG][/URL]

My Grimsby Legends
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lew chaterleys lover
August 3, 2019, 5:58pm
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Quoted from MuddyWaters
Nick Dale isn’t losing his job, stadium has improved substantially under his tenure. Takeover still possible but no proof of funds. This raises a simple question- when you’re selling something, isn’t proof of funds one of the first things you check?


I don't understand this at all. Fenty wants to sell, Shutes wants to buy. Set a deadline for when a deal must be reached at a price suitable to both parties or its all off.

The "proof" Fenty is looking for is when the sale happens, or more likely fails.
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Rik e B
August 3, 2019, 6:17pm

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Well Tom Shutes is on Companies House as worth minus 1.7 million... He probably needs additional investors.
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golfer
August 3, 2019, 6:45pm
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I have £1 47p in my bank account so that makes me £1,700,001.  47p better off than Shutes.  Any football clubs out there to buy ?
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TheRealJohnLewis
August 3, 2019, 6:51pm
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Quoted from Rik e B
Well Tom Shutes is on Companies House as worth minus 1.7 million... He probably needs additional investors.


That's the net worth of his companies, not his personal wealth.  Two completely different entities.  

I very much doubt he'll be investing with ever of his personal wealth of the wealth of those companies.
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mimma
August 3, 2019, 7:11pm
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Quoted from lew chaterleys lover


I don't understand this at all. Fenty wants to sell, Shutes wants to buy. Set a deadline for when a deal must be reached at a price suitable to both parties or its all off.

The "proof" Fenty is looking for is when the sale happens, or more likely fails.


So you think that Fenty should just step aside and let someone take over and hope they have the funds.

Fenty is doing everything right in making sure that he has money to back up the rhetoric.  Clubs have been ruined by being sold to the first person to come along with grand ideas but no money to carry them out. Remember the Notts County debacle when they paid Eriksson and Sol Campbell a fortune before finding out they hadn't got the funds to pay for them?

Look where they are now.
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Kris2
August 3, 2019, 7:18pm
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Quoted from Rik e B
Well Tom Shutes is on Companies House as worth minus 1.7 million... He probably needs additional investors.


That's just a measurement of assets vs debt that doesn't include annual turnover. That's all net worth really is, somebody who is a billionaire doesn't have billions in their bank account, it's all tied up in assets and investments.
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golfer
August 3, 2019, 7:25pm
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Quoted from Kris2


That's just a measurement of assets vs debt that doesn't include annual turnover. That's all net worth really is, somebody who is a billionaire doesn't have billions in their bank account, it's all tied up in assets and investments.


So what does he buy the club with and provide the reddies for running the club. I am sure that JSF wants cash for his loans and shares
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