Fenty interview (merged)

Quoted from fishboyUTM

He could have converted his benign loan (that anchor around the clubs neck) into shares whenever he wanted.

But that would have no effect at all on the clubs turnover, would it? There would be no income. By paying him back part of his loan with surplus money we cant use on the playing budget, then him buying more shares with that money there is income that can be used on the playing budget & a reduction in the loan.

It's just Groundhog Day isn't it? Nothing ever changes, and with the conditions Fenty is putting on the deal nothing ever will change.
what serious investor is ever going to agree to those terms?
We just exist to simply do enough to make a profit so the club survives and can pay back some of his loans, and in the meantime hope that we steer clear of relegation and that  'something comes up'.
No wonder the local fans are giving up in their droves.

So he takes  200'000 out and buys 200.000 shares which can be used on the players budget can only be a good thing.

Fair play to him I am not his biggest fan but that came across ok to me.

Could someone please explain how a football club can have surplus money, but cannot spend it on its core business by buying players? I find this utterly baffling!

My understanding is that Fenty gets round it by taking some money out to payback some of his loans, and then using it to buy shares from the club which then can be used to fund players.

I guess this is what you get when accountants are put in charge of running football.

Quoted from dapperz fun pub

he’s a girl private whatever he is 👍 a really sad one

And you appear to be a foul-mouthed barely-literate missing link throwback type character.  But who am I to judge Mr. Cry-Baby?  

Quoted from mimma

Could someone please explain how a football club can have surplus money, but cannot spend it on its core business by buying players? I find this utterly baffling!

My understanding is that Fenty gets round it by taking some money out to payback some of his loans, and then using it to buy shares from the club which then can be used to fund players.

I guess this is what you get when accountants are put in charge of running football.

https://www.efl.com/-more/gove.....ir-play-regulations/

Absolute joke of a club again, sort it out at the top then down to the bottom but at the minute one place we are going again is back to non league and probably worst this time round, we are a laughing stock

Quoted from forza ivano

It's just Groundhog Day isn't it? Nothing ever changes, and with the conditions Fenty is putting on the deal nothing ever will change.
what serious investor is ever going to agree to those terms?
We just exist to simply do enough to make a profit so the club survives and can pay back some of his loans, and in the meantime hope that we steer clear of relegation and that  'something comes up'.
No wonder the local fans are giving up in their droves.

There is nobody looking to buy a league 2 football club. This is just the reality of it. Not great, could be better, could be worse. JF takes all the crap and continues to support, with this much abuse many would bail out not keep plugging away, it is a thankless task for sure utm

I'm not sure I've ever heard someone in a position of senior management so desperate for an interim to succeed. It's like Neil Woods again, just pretend everything is going to be ok so I can avoid making a decision and/or spend any more money.
In summary, he's lifted a cloud and if Northampton hadn't scored and we had!!! If we'd scored against Newport, Cheltenham, Carlisle or Scunthorpe we would have been ok. If we hadn't given goals away against Swindon we would have got a point.
But we didn't for crying out loud, and although I'd love AL to be a success how long do you carry on gambling.
It's so depressing...

Quoted from ginnywings

So, we may be getting new owners, we have yet another site where the mythical ground can arise and next season we will be better. This club is permanently in a holding pattern and everything will be hunky dory at some point in the future. He's as good as admitted that this season is already done, just like every other season for the past 15 years.

It's too late for a vast swathe of fans who are sick of hearing the same old empty rhetoric time and again.

But he has quite happily taken nearly 3000 honest fans money with a ‘pushing for the play-offs this season’ quote.
Kicking back now and taking the cheap option is criminal on all those ST holders.

If nothing changes now, I very much doubt there will be more than 1500 ST sold next season. On the flip side, I am sure that this number would rise dramatically, if timed with his departure from the Club.

He has destroyed the Club........