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Investment. (Or Lack Off)

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Swansea_Mariner
December 8, 2019, 3:06pm Report to Moderator
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GTFC austerity. Sickening in it.
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FishOutOfWater
December 8, 2019, 3:10pm Report to Moderator
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Quoted from Gaffer58
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.


I’m pretty sure he said he’d already written off his loans

Ok so that’s only in his head but that’s a start no? 🤫
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Swansea_Mariner
December 8, 2019, 3:47pm Report to Moderator
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How has he written off his loans, their there in the accounts plain as day for all to see.
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Abdul19
December 8, 2019, 3:51pm Report to Moderator

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I think you need to read the second line  


“I hit the ball as though it owed me money.”
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Swansea_Mariner
December 8, 2019, 3:54pm Report to Moderator
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What does that even mean, in his head, so the money recouped isn't real. I mean I know it's a fiat economy but still.
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FishOutOfWater
December 8, 2019, 5:20pm Report to Moderator
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Quoted from Swansea_Mariner
What does that even mean, in his head, so the money recouped isn't real. I mean I know it's a fiat economy but still.


He’s on record as saying it....

Maybe he can explain further at the next Fans’ Forum
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Northbank Mariner
December 8, 2019, 5:32pm Report to Moderator
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Unfortunately there's no investment coming in, think we'd be blind to think there ever will be.
There's no point in slapping Fenty every 30 seconds with a wet fish, the situation is what it is and no amount of moaning or complaining is going to change it.
The product on sale is pretty worthless, the land BP occupies isn't prime real estate and no one is buying land for retail.
The club as a whole including the hard working club shop staff and the not so hard working playing staff have very little value.
The only real asset this club has to offer is us, the paying fans and we are dwindling rapidly making the package is less attractive.
Who's going to want to buy a club with circa 3000 season ticket holders and, on a good day, 1000 pay on the gate fans?..then be expected to build a stadium that can seat, say for arguements sake 10000,..
Yes WE may know there's 2000 floating fans that may come back if Fenty n Co sell up, but any investor cannot and will not invest on the hope of an increased attendance...
So like the dodo, we are on our way to becoming extinct.. certainly as a football league club.
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Gaffer58
December 8, 2019, 6:04pm Report to Moderator
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Quoted from FishOutOfWater


I’m pretty sure he said he’d already written off his loans

Ok so that’s only in his head but that’s a start no? 🤫


Monday morning I am going to make Mr Fenty an offer to buy the club, my bank balance shows £10 million, he should be willing to accept, although the balance "is only in my head".
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chiangmaimariner
December 8, 2019, 6:24pm Report to Moderator

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We've got a de facto chairman who claims to be a non-chairman who's a financial leech on the club he's alleged to support.

And the club, according to Kieran Maguire, is "technically insolvent".

That's the bottom line here and now, and however you juggle your perspectives...it ain't good.


If wishes were horses, beggars would ride.
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Yoda
December 8, 2019, 6:51pm Report to Moderator
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We are in a slow death spiral which ultimately end in bankruptcy.

Like an earlier poster said our only asset is the fans and we dropping in number.
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