FENTY GONE

For once Fenty has done the right thing, long overdue change,  pleased it hasn’t  dragged on into 2021 and it has been agreed.

Expect him to be back as deputy council leader before too long he won’t stay out of the public eye.

Came on here for team news and found this

I don't think a new manager has to wait for the business to be transferred formally....

1. Fenty may have agreed that the day to day running of the club can pass to the new 'potential' owners subject to the final terms etc

or

2. A new manager doesn't have to be employed by the club, he could be employed by a 3rd party and put into the club as a consultant/contractor

or

3. A new manager is brought in by the club but his contract stipulates that if the deal falls through he can walk (assuming it's a 'he').

Or

4. The current board continues to run the club on a day to day basis but all major decisions (like a new manager) have to be signed off by the new owners. This also ensures continuity and a sensible handover when the deal is finalised.

I think 4 is the most likely.

Quoted from Sammo

For once Fenty has done the right thing, long overdue change,  pleased it hasn’t  dragged on into 2021 and it has been agreed.

Expect him to be back as deputy council leader before too long he won’t stay out of the public eye.

I don't think he's done the right thing. First of all there is the lack of responsibility taken for his decisions (i.e. loans to cover his losses), then there's the shares he weaselled out of the Trust. So he's done good business for himself, but not the right thing.

Today has been a very good day for Grimsby Town Football Club. Yet I don't consider it a day for celebration, at least not until I know for certain that the deal has been completed. When I heard this afternoon that an agreement had been reached between the consortium and John Fenty, my overriding emotion was one of pure relief that good sense had finally prevailed. While I was prepared to do what was in my power to bring about change, I had also hoped and prayed that it would not be necessary.

What we have now, assuming everything goes smoothly over the coming weeks, is the chance of a fresh start. I don't expect the new owners to lead us to some sort of footballing promised land. None of us should. But there is much greater cause for hope about our future tonight than there has been over the last few days.

Really pleased to hear that Fenty has finally agreed to sell his shares.

Hopefully with this new consortium coming in, we'll see promising changes and a rise up the table for you. It's the least you deserve after the endless years of shoddy treatment from a mis-managed board.

Good luck chaps - Hopefully it's a step forward for you!

Cheers Andy. Good luck to Darlo on their rise back to the League. You’ve had more than your share of misfortunes and convicted felons involved in your club - think we just dodged that bullet - but your supporters have rallied around, worked hard and built from the ground up. Consequently you deserve the success.

just a little update from the Trust

That’s a good sign. One, it calms the nerves during this naturally quiet period in the process. Two, it shows the consortium realise the value of good supporter engagement to the club and to their investment.

Would it be possible to ask the Trust to speak with Fenty and request that he return the £200k shares they gifted him?

It seems a very reasonable and fair thing to do.

Surely there is no moral argument in favour of him keeping that £200k. That is money which could help to fund new players..