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Fan Owned Club

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MuddyWaters
November 24, 2020, 3:26pm
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Quoted from Lincoln Mariner 56


I assume it’s the total of the club’s share capital, which I believe is over £2M, plus the outstanding Fenty loans of £1.5M. But I am no financial expert and those on the Fishy who study the clubs accounts will have a better idea.


The club's shares don't all belong to JF.
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Swansea_Mariner
November 24, 2020, 3:32pm
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Quoted from MuddyWaters


The club's shares don't all belong to JF.


Exactly so why would he need £3.5m to sell up
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MuddyWaters
November 24, 2020, 3:46pm
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Quoted from Swansea_Mariner


Exactly so why would he need £3.5m to sell up


I've no idea!
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pontoonlew
November 24, 2020, 3:48pm
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Quoted from Swansea_Mariner


Exactly so why would he need £3.5m to sell up


It's not just Fenty who would need paying...
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MuddyWaters
November 24, 2020, 3:50pm
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Quoted from pontoonlew


It's not just Fenty who would need paying...


That's quite a big assumption. Surely someone buying a controlling interest off someone with a controlling interest would talk to other shareholders such as Mike Parker to see how the land lies?
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grimsby pete
November 24, 2020, 3:54pm

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When I win the euro 120 million tonight I will buy all the shares pay back his loans then tell him if he is such a big fan he can pay to watch town in our super duper stadium like everybody else.

Then I would give back the shares to the true fans with a bonus.

I would only hire people from the board down to the gate man who have the club at heart and are true fans.

Then I would leave the running of the club to somebody who loves town as much as me.

Then like Trump I would hire the rest of the family to do certain jobs like driving me to every game while I sit in the back watching a video with a glass of bubbly.

If you are going to dream.

Dream big !!!!!!!!!!!


                             Over 36 years living in Suffolk but always a mariner.
                             68 Years following the Town

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                               First game   April 1955
                               
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Swansea_Mariner
November 24, 2020, 3:56pm
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Let's get real these shares are worthless they are certainly not worth £2m after the loans are removed from the equation.
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grimsby pete
November 24, 2020, 3:59pm

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Quoted from Swansea_Mariner
Let's get real these shares are worthless they are certainly not worth £2m after the loans are removed from the equation.


I am sure if anybody wants to take over50% of the shares they have to offer to buy out the shares of all the shares holders.


                             Over 36 years living in Suffolk but always a mariner.
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MuddyWaters
November 24, 2020, 4:07pm
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Quoted from grimsby pete
When I win the euro 120 million tonight I will buy all the shares pay back his loans then tell him if he is such a big fan he can pay to watch town in our super duper stadium like everybody else.

Then I would give back the shares to the true fans with a bonus.

I would only hire people from the board down to the gate man who have the club at heart and are true fans.

Then I would leave the running of the club to somebody who loves town as much as me.

Then like Trump I would hire the rest of the family to do certain jobs like driving me to every game while I sit in the back watching a video with a glass of bubbly.

If you are going to dream.

Dream big !!!!!!!!!!!


Like it Pete.

However, you would surely be moving back from Suffolk into the luxury penthouse built on the Harrington Street open corner?
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Lincoln Mariner 56
November 24, 2020, 4:07pm
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Quoted from MuddyWaters


The club's shares don't all belong to JF.


I assume if you are buying out the majority shareholder you have to make an offer to other shareholders, is that not right finance guys?
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