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Investment. (Or Lack Off)

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Gaffer58
December 7, 2019, 6:15pm Report to Moderator
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I understand we all have to be forever eternally grateful for Mr Fenty "saving" the club, but since promotion from league to the conference how much investment above yearly income has gone into the club. I suspect that once we did get into the league it was seen as an ideal way to get the benign loan reduced, if these payments were not taken out of the club and the £200 to £250 thousand each season used on the squad,maybe we wouldn't be looking over our shoulder at the dreaded drop again.
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pen penfras
December 7, 2019, 7:07pm Report to Moderator

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Quoted from Gaffer58
I understand we all have to be forever eternally grateful for Mr Fenty "saving" the club, but since promotion from league to the conference how much investment above yearly income has gone into the club. I suspect that once we did get into the league it was seen as an ideal way to get the benign loan reduced, if these payments were not taken out of the club and the £200 to £250 thousand each season used on the squad,maybe we wouldn't be looking over our shoulder at the dreaded drop again.


Or maybe there's these wretched financial fair play rules that meant it couldn't be used on the squad...
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Yoda
December 7, 2019, 7:15pm Report to Moderator
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What will Fenty do if he has to put in £250 grand this season.
As our break even is 4500 we are losing serious money.
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ginnywings
December 7, 2019, 7:56pm 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...


There are ways around that if you want to increase the budget. JF seems to want to take money out rather than put any more in. That's entirely up to him of course, but it's clear the budget is an ongoing issue with successive managers.
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Bigdog
December 7, 2019, 8:08pm 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...


He could convert his loan into shares and use the whole lot for playing budget if required. It would open up 1.5m of accessible playing budget to use when there's money in the bank rather than paying down the loan. Using FFP to say we are totally handcuffed to the budget we've got is just a smokescreen. If JF had courage in his convictions and held 2.4m of shares to be sold to an investor rather than 900k in shares and 1.5m in loans, more of the cash in hand could be used for budget. The only thing is that the cash in the bank is more accessible for JF to get his hands on for himself if he's owed a loan and at the same time less accessible for budget. It underlines completely where his priorities lie, himself before the club. It's not a criticism, it's up to him, he's in charge, but it's definitely a fact..
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HertsGTFC
December 7, 2019, 10:48pm Report to Moderator

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Quoted from Bigdog


He could convert his loan into shares and use the whole lot for playing budget if required. It would open up 1.5m of accessible playing budget to use when there's money in the bank rather than paying down the loan. Using FFP to say we are totally handcuffed to the budget we've got is just a smokescreen. If JF had courage in his convictions and held 2.4m of shares to be sold to an investor rather than 900k in shares and 1.5m in loans, more of the cash in hand could be used for budget. The only thing is that the cash in the bank is more accessible for JF to get his hands on for himself if he's owed a loan and at the same time less accessible for budget. It underlines completely where his priorities lie, himself before the club. It's not a criticism, it's up to him, he's in charge, but it's definitely a fact..


So the club owes JF 1.5m if he converts it into shares aren’t we then relying on someone to buy the shares to release the cash?


"Crombie you would have got to that if you weren't such a fat ba%$@rd" - George Kerr, inspiration from the dug out 70s style  
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Marinerz93
December 7, 2019, 10:57pm 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...


Maybe you and your buddy should pop over to Lincoln and FGR to see how these traditionally smaller clubs have done it.


Supporting the Mighty Mariners for over 30 years, home town club is were the heart and soul is and it's great to be a part of it.

Jesus’ disciple Peter, picked up a fish to get the tribute money from it, Jesus left his thumb print on the fish, bless'ed is the Haddock.
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Bigdog
December 7, 2019, 11:08pm Report to Moderator
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Quoted from HertsGTFC


So the club owes JF 1.5m if he converts it into shares aren’t we then relying on someone to buy the shares to release the cash?


We have money in the bank that we can't use because of FFP. We can use it if new shares are converted from JF's loan. Nothing to do with selling the shares. All to do with the ruling that any share value issued can be used for playing budget from cash already in the bank that we couldn't use otherwise. it changes the status of that cash and increases our playing budget capacity rather than releasing more physical cash, it's a paper transaction..

Of course if we had a board that actually went out and attracted new investment, any new share issue value would be ok to be used for playing budget under FFP. It's one of the ways that Scunny, Mansfield and FGR boost their playing budgets beyond matchday and TV income..
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HertsGTFC
December 7, 2019, 11:39pm Report to Moderator

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Quoted from Bigdog


We have money in the bank that we can't use because of FFP. We can use it if new shares are converted from JF's loan. Nothing to do with selling the shares. All to do with the ruling that any share value issued can be used for playing budget from cash already in the bank that we couldn't use otherwise. it changes the status of that cash and increases our playing budget capacity rather than releasing more physical cash, it's a paper transaction..

Of course if we had a board that actually went out and attracted new investment, any new share issue value would be ok to be used for playing budget under FFP. It's one of the ways that Scunny, Mansfield and FGR boost their playing budgets beyond matchday and TV income..


Get it now if you reduce the debt it releases the cash.


"Crombie you would have got to that if you weren't such a fat ba%$@rd" - George Kerr, inspiration from the dug out 70s style  
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Lincoln Mariner 56
December 8, 2019, 9:13am Report to Moderator
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Whilst I have never been JF’s number one supporter equally I have never really been a critic of his as I have fallen into the group of people who appreciate his money has helped us in the past and I have acknowledged it’s his money so he can do what he wants with it.

However, since returning to the league it appears JF’s number one priority is to utilise the increased income to repay his loans rather than advance the fortunes of our club. £250 k would probably secure 2 to 3 quality players at this level exactly what this team needed to make us more than decent (I am assuming we spent that money wisely) and that in turn would increase gate receipts and other income which either could be reinvested in the team or smaller amounts to JF.

With reports that Macclesfield are attracting interest from new buyers we have to revisit why Town are so unattractive to investors as either new board members or to buy JF out? Much debated on here so not worth revisiting but if JF does not change his mantra on one in one out in January a season that started with so much promise could be a watershed none of us could possibly contemplate or want.

A time for positive action is now and this means a new Manager being appointed before the Carlisle game which is probably apt given MJ’s appointment!!!!
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