Mr Fenty

Strong and stable

Quoted from pen penfras

Andy Holt also mentioned that there's a box owners can tick to say they won't abide by these rules and will self fund the club.

Wonder if the Bury owners ticked that box!  

Quoted from pen penfras

If you read through the EFL rules on FFP or whatever they call it, owner donations are eligible for 100% going towards the playing budget, it's 50% of transfers, ticket sales, merchandise etc. Andy Holt also mentioned that there's a box owners can tick to say they won't abide by these rules and will self fund the club.

I did not realise that an owner's donations can go towards the playing budget. Makes a mockery of FFP. Have we ticked the box to say we won't follow the 'rules' (not really rules if they're voluntary)?

So, getting back to what your mate is asking of Shutes. If I recall correctly, JSF's guarantee is about £325,000. And relegation from the League would cost us twice that, that's still a significant uncovered risk with the current regime. If JSF is bought out (including his benign loans), then we're already £200k better off each year through (which the rate we've been repaying the loans). So we'd only need a guarantee of £125,000 to match the current guarantees.

Quoted from KingstonMariner

MD, I’m not aware of ANY calls for the team not to do their talking on the pitch, are you?!

So would any of the red crossers care to point out where people have called for the team to not do their talking on the pitch?

Quoted from KingstonMariner

I did not realise that an owner's donations can go towards the playing budget. Makes a mockery of FFP. Have we ticked the box to say we won't follow the 'rules' (not really rules if they're voluntary)?

So, getting back to what your mate is asking of Shutes. If I recall correctly, JSF's guarantee is about £325,000. And relegation from the League would cost us twice that, that's still a significant uncovered risk with the current regime. If JSF is bought out (including his benign loans), then we're already £200k better off each year through (which the rate we've been repaying the loans). So we'd only need a guarantee of £125,000 to match the current guarantees.

I did not realise that either. Fenty just mentioned income, which I took to be gate receipts and sponsorship etc. That makes fenty more culpable then, because he could have invested a bit more of his own money to get better players -enough to keep us from non league at the time - and enough to get us closer to the top end of league 2 instead of hoping for football fortune.

Quoted from Rob_in_Grimsby

Yay another Fenty bashing thread

I'm not a big fan of him myself but yeah.

Same people attacking-same people defending. Plenty of attackers-need some more defenders in this team-bit lopsided but evening itself out lately.

Just listened, good interview; no bunkering down and attacking fans, a token 'could have done better' and seemed very honest and inciteful.

People say why should he have to, but for me it goes a long way as the lessening of the ego makes for a better custodian.

Get the feeling he'd do a good job for the EFL as an oversee-er of all clubs living within their means. But of course local is where his passion lies.

Some wacky Fenty cliché bingo going on, think he's got his own unique book of self-made ones to keep us from guessing too easily...

My favourite is that Freemo Stadium 'well on the chopping block' for the needed council help. Apparently that a good thing, maybe that council would chop into the idea in finer detail but I'd have thought anything on the chopping block about to hacked to pieces would be judged as a negative. 🤔😅

Got me a good 'un there John 😂

Quoted from KingstonMariner

I did not realise that an owner's donations can go towards the playing budget. Makes a mockery of FFP. Have we ticked the box to say we won't follow the 'rules' (not really rules if they're voluntary)?

So, getting back to what your mate is asking of Shutes. If I recall correctly, JSF's guarantee is about £325,000. And relegation from the League would cost us twice that, that's still a significant uncovered risk with the current regime. If JSF is bought out (including his benign loans), then we're already £200k better off each year through (which the rate we've been repaying the loans). So we'd only need a guarantee of £125,000 to match the current guarantees.

Could someone " in the know " explain exactly what this guarantee is ? Is it an assurity that if there is a shortfall of cash to cover day to day running expenses then the guarantor will cover that?

I assume so