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£2,500,000

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golfer
March 3, 2021, 4:51pm
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Agree it is only about 5-6 acres
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KingstonMariner
March 3, 2021, 5:37pm
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To be Devil’s Advocate, until Covid struck we were making annual profits in the region of £200-300,000. So the consortium could have a share of that. £100k a year is 4%. A better return than a bank.

Obviously relegation will dent the revenue, but I’d be confident these guys could boost income in the longer term by treating fans with more respect and improving marketing and communications, and making improvements in systems.


Through the door there came familiar laughter,
I saw your face and heard you call my name.
Oh my friend we're older but no wiser,
For in our hearts the dreams are still the same.
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Bigdog
March 3, 2021, 9:51pm
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Quoted from pen penfras


I don't think there will be any more public excrement slinging. There's been enough of that from both sides already. Add in the fact that you aren't actually allowed to negotiate in public, and that would be a terrible idea.

I think that Stockwood and Pettit are doing it for the love of the club, and it makes me confident that if they're willing to pay that much to take the club on that they won't leave it in a financial mess going forwards. I am totally unconvinced as to the motives of the club's best interest regarding Tom Shutes, but if he gets a new stadium over the line without bankrupting the club, then I'll eat my words.


Maybe it's best to leave "what's good for the club" unfounded predjucies aside for now. Give Shutes the same chance as GTFC fans, Stockwood and Pettit.. Just because someone's a big fan of the club doesn't mean they automatically qualify to being better placed to secure a more prosperous future for GTFC. JF's hardly missed a game home or away for decades, but by christ, he's been a disaster. Big fan, but complete nightmare of nightmares. This narrow-minded pre-conceived parochial behaviour has to stop, especially before the consortium has even got started. Have you learnt nothing from the past twenty years?
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DB
March 3, 2021, 10:07pm
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Quoted from KingstonMariner
To be Devil’s Advocate, until Covid struck we were making annual profits in the region of £200-300,000. So the consortium could have a share of that. £100k a year is 4%. A better return than a bank.

Obviously relegation will dent the revenue, but I’d be confident these guys could boost income in the longer term by treating fans with more respect and improving marketing and communications, and making improvements in systems.


So you do have to wonder why Fenty has not paid of his own loans. If he did his strangle hold on the club would have diminished leaving him open to being kicked of the board by a majority of shareholders. ( and no I'm not going down that road again).


You can please some of the forumites some of the time but not all the forumites all of the time
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louth_in_the_south
March 3, 2021, 10:11pm

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Isn’t GTFC pivotal in the wider regeneration project ? Owning the club , as mad as it seems , may be the key to much larger profits which is why it’s got a price tag far larger than it’s worth. The May saga seems to suggest this to me and why JF was in no hurry to sell , in fact kept batting off the consortiums offers as he saw £ signs ?


Lower F5
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KingstonMariner
March 4, 2021, 3:04am
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Quoted from DB


So you do have to wonder why Fenty has not paid of his own loans. If he did his strangle hold on the club would have diminished leaving him open to being kicked of the board by a majority of shareholders. ( and no I'm not going down that road again).


The fact is we were paying him off. Since getting back in the League the club repaid £660k of Directors' Loans. Since the peak debt in 2010 of £2.4m, we've repaid £842k.


Through the door there came familiar laughter,
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Oh my friend we're older but no wiser,
For in our hearts the dreams are still the same.
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It Bites
March 4, 2021, 4:01pm
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Where is Mike Parker in all this ?
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KingstonMariner
March 4, 2021, 6:31pm
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Quoted from It Bites
Where is Mike Parker in all this ?


Still the second biggest shareholder. It’ll be interesting to see what happens with him after the takeover. Could be back on the board bringing the benefit of his experience and knowledge.


Through the door there came familiar laughter,
I saw your face and heard you call my name.
Oh my friend we're older but no wiser,
For in our hearts the dreams are still the same.
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forza ivano
March 4, 2021, 7:05pm

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Quoted from It Bites
Where is Mike Parker in all this ?


be patient
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pen penfras
March 4, 2021, 8:15pm

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Quoted from KingstonMariner


Still the second biggest shareholder. It’ll be interesting to see what happens with him after the takeover. Could be back on the board bringing the benefit of his experience and knowledge.


More likely he'll be selling his shares like everybody else who bought them in the club and no longer wants them...
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