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Investment. (Or Lack Off)

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denni266
December 8, 2019, 9:45am Report to Moderator

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We are going no where while fenty is drawing 250k a year out of our budget. There are ways to increase our spending limit as have been discused before . But he wont do it because he has to be in control and his muppets around him are all yes men and not man enough to to stand up to him so we will stand still or in fact go backwards as we are starting to do now. Seems any one who comes in to the club with money is not man enough to take him on and backs off. I am now starting to think that he is no fan and that that is a cover for him to hide behind. A real fan with money would not let his club go the way we are end of
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moosey_club
December 8, 2019, 10:47am Report to Moderator
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He has said for a few seasons now that the club is effectively for sale....he wants out...pretty sure he must be sick to death of the criticism he gets ....why would he put more money in that he isn't going to get back ?
.. taking bits out per season is his option.....the other options being he calls all the debt and bankrupts the club only receiving part payment....he leaves cancels the debt and loses it all....negotiates a sale which can either pay his debt off or guarantee a repayment of them over a set period.

Not increasing club debt.....reducing the liability year on year are sensible options given other club situations until a sale can be put together.


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Abdul19
December 8, 2019, 11:28am Report to Moderator

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Quoted from denni266
We are going no where


At the moment I'll take nowhere


“I hit the ball as though it owed me money.”
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SomeSanity
December 8, 2019, 11:43am Report to Moderator
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Quoted from pen penfras


Or maybe there's these wretched financial fair play rules that meant it couldn't be used on the squad...


Good point, however, how do Scunthorpe splash out on their squad with the attendances and income they get?

There are ways and means. It has become fairly apparent there is not an appetite to put any more money into the club. To be fair to JF, if The intention is to let go of the rains of the club why would you put it any more money?

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Theimperialcoroner
December 8, 2019, 1:16pm Report to Moderator

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Here’s a thing. I put my house on the market, it doesn’t sell for two years. There’s something wrong, either the price is wrong or the house is. If I really wanted to sell, I’d have to do something about one or the other. Fenty has said there are tyre kickers out there, but I suspect he wants Rolls Royce money for a Ford Fiesta.


Batch, Crombie, Moore K, Wiggington, Cumming, Waters, Bonnyman, Ford, Emson, Drinkell, Whymark. Love you all, You are the reason I'm on here. You've had help from Todd, Handyside, Futcher P, Groves, Mendonca, Macca etc etc etc. Up The Mariners!!!!!!!!!
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Rik e B
December 8, 2019, 2:06pm Report to Moderator

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To say there's two hundred and fifty thousand pounds of profit made each year but it can't be spent on improving the budget is a nonsense. There are ways and means - see pretty much every other club that manages a small profit.

So lets say in ten years if it weren't for Fenty's leeching we'd have 2.5 million sat there in the bank but 'oh sorry we can't improve our warchest'. balderdash.

Kinda sick coming in as the great saviour of club you love but then slowly bleeding supposed beloved club dry over years and years and years as we humiliated nationally and our fiercy loyal supporters are made to suffer to such a point that some feel they have no choice but to do the unthinkable and turn their back on the club.

Look at all these other rich supporter owners bailing out their clubs or boosting their kitty and not wanting a penny in return, and the bright upward spiral of positivity that brings to club and community.

What a great feeling that must bring.

All I can think is Fenty must have spunked his other 17 million or whatever up the wall pretty much as he should have had enough there to see out his days in lavish luxury without even missing the couple of mill he put into GTFC. All content in the knowledge he done a great thing for the club he loves and adored by the locals for kickstarting a brighter future.

But no.

Could have made the rest of his money work for him so club could keep receiving injections from the profit/interest made elsewhere and his original fortune left fairly untouched. But hey ho.
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Gaffer58
December 8, 2019, 2:11pm Report to Moderator
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One way scunny increase their budget is by getting one of the chairmans companies, in this case his Blackpool hotel, to sponsor the clubs shirts for a higher value then the league average, I would assume Forest Green are doing something similar with their chairmans money, but what does Mr Fenty do, takes out a decent amount, and then wonders why we struggle. I'm afraid "football fortune" only comes around once in a blue moon but, if we'll all be patient we may draw Man U away in the cup sometime before 2050.
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Rik e B
December 8, 2019, 2:17pm Report to Moderator

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You have to speculate to accumulate, probably why football fortune has been hard to find.

If you want to 'put something back into the community' rather than become a sodding Councillor the best best would be to go off and create an empire (if you've got money you can make money) then come back and put some of the fruits of you labour back into community. Say investing in infrastructure with ventures that still bring you income but also improve the amenities available to the locals.
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Rik e B
December 8, 2019, 2:21pm Report to Moderator

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For example Donald Trump (love him or loathe him that not the point or issue here)

"I started with a small loan of a million dollars" now he would have really struggled to build his vast empire without a penny to scratch his bottom with to start with. Probably would have made inroads somehow because of his business brain but it would have been much much harder.
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Gaffer58
December 8, 2019, 2:43pm Report to Moderator
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So if Mr Fenty had loaned the club around £2.5 million, then for his 20 years in charge that equates to just over £100 grand per year, surely as mentioned in earlier threads if he was to even write of the approximate £1.5 million he's still owed then over the last 20 years that's not too big a number, but no he wants every last penny back whilst the club, he loves, struggles.
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