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£2,500,000

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gtfc98
March 2, 2021, 9:28pm
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How the hell does that sharp object sleep at night knowing he's walking away from this flipping mess with that amount of money? He's a flipping disgrace.


No longer Sick of the BlueSquare  
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Northbank Mariner
March 2, 2021, 9:33pm
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What's worrying me is are the consortium going to reconsider?..
Not so much because we are going down to the NL but going down into a shitshow of a league?..
Fenty is a tosser that has single handedly run this club into the ground yet walks away with a pocket load of cash..
I just pray n hope he doesn't show his face at BP again, more for his health and wellbeing because the wolves will be circling.
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friskneymariner
March 2, 2021, 9:34pm

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More of a disgrace are the sycophants who were willing to come to his defence, where are they now,they are the ones who have sold this club out .Those of us who raised concerns early on were pilloried,looks like all rats have now deserted the ship,this club has never been in such a poor state,all down to one man.


Give a man a fish and you feed him for a day,teach a man to fish and you give him an excuse for him to escape from the wife and kids for the weekend and drink lots of beer.
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Hagrid
March 2, 2021, 9:35pm

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The man who saved the club



You girl private john. intercourse you. And your clingers on
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bawarmy
March 2, 2021, 9:36pm
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He needs to buy a big dog with that money if he plans to stay in Grimsby
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RonMariner
March 2, 2021, 9:36pm

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Sickening.

But then the rich always do seem to get well paid for failure.
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Bigdog
March 2, 2021, 9:59pm
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Quoted from bawarmy
He needs to buy a big dog with that money if he plans to stay in Grimsby


Hey.. I'm not for sale. Well.. not to defend the likes of JF anyway..
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Mariner_501
March 2, 2021, 10:00pm
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Should never show his face in this town again
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Poojah
March 2, 2021, 10:10pm
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Quoted from Northbank Mariner
What's worrying me is are the consortium going to reconsider?..
Not so much because we are going down to the NL but going down into a shitshow of a league?..
Fenty is a tosser that has single handedly run this club into the ground yet walks away with a pocket load of cash..
I just pray n hope he doesn't show his face at BP again, more for his health and wellbeing because the wolves will be circling.


I'm not sure the consortium, having come this far, will be in a rush to walk away from the deal however there's no doubt that the landscape has changed significantly since late December. Changes have been made and the situation has continued to deteriorate.

Let's just look at the facts. Even a League Two Grimsby Town in its current guise is worth nowhere near £2.5m. Put to one side what it means to the community, as a business alone it is barely viable and has no meaningful assets to speak of. Its biggest 'asset', intangible though it is, is its status as a member of the EFL. However, that looks certain to be gone come May, and so at that stage the club is realistically worth less than nothing - it's going to cost whoever takes it on a significant amount of money to restore to anything like its former glory.

At the same time, John Fenty knows by now that his position at the club is completely untenable. He has no choice but to go - that's the only reason he's agreed to sell up in the first place. I certainly don't think he will want anything to do with a second spell in the non-league abyss.

Of course, he will argue that he is due his £2.5m back because it was he that put that money in to save the club at what was then (now long-since surpassed), its darkest hour. The irony is however that his consistent mismanagement of the club has quite literally devalued the club to the point that it is worthless. On that basis, I'm absolutely unconvinced that he deserves all or any of his £2.5m. He's burned that money himself - nobody owes it to him.

Add to that the very fair argument that the club will need all the money it can get its hands on as a non-league club next season, and the consortium may well feel that some of that money will instead have to be spent on healing the scars of the John Fenty era. It would not surprise me if a very public renegotiation ensues very shortly, with Fenty's hand weakening with each game that passes without a goal scored or a point gained, as the orange hue of the Vanarama logo looms larger and larger.

Quite frankly, you would have to question the sanity of anyone handing over £2.5m in cold, hard cash for our beloved, basket case football club. Wouldn't you?


A smooth sea never made a skillful mariner.
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friskneymariner
March 2, 2021, 10:15pm

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Amazing there are still people willing to defend him.Please please tell us what redeeming qualities you think he possess'


Give a man a fish and you feed him for a day,teach a man to fish and you give him an excuse for him to escape from the wife and kids for the weekend and drink lots of beer.
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