The deal

Quoted from pen penfras

Why is this a lie? You have absolutely no knowledge or evidence to the contrary, so it is the truth. What else was £1M of new shares going to be spent on?

Quoted from KingstonMariner

I think Philip Day said the money was going to be spent on training facilities. But then can you trust a solicitor who says fraud committed against companies is not so bad?

Quoted from jamesgtfc

This is getting silly now and Senor Noche should be banned.

I hope for the sake of the club, Fenty gets gone as soon as possible because I wouldn't want to be him when our fate is sealed mathematically and we are still no closer to him being gone.

Quoted from Fillipe Noche

You wish to ban someone that has a different opinion? That’s priceless. 😂😂

Is that what this forum is then? A place where you have to agree with each other or else you aren’t welcome.

The weakness with which many or most people respond to having their views and beliefs challenged, is extremely remarkable on this website. Worryingly I’d say, and verging on the extreme or cult

Have a great day everyone and prepare for incoming

Quoted from Fillipe Noche

The weakness with which many or most people respond to having their views and beliefs challenged, is extremely remarkable on this website. Worryingly I’d say, and verging on the extreme or cult

Have a great day everyone and prepare for incoming

Quoted from bax

I'd argue that the amount of time the club board and club officials spend time trawling this site and then worrying about the consequences of what is said about them, is far more worrying to be honest with you.

If some people spent more time running the club than defending people on here, we'd arguably not be in the mess we are in.

There's always someone else to blame and that's always been this board's problem.

Quoted from jamesgtfc

This is getting silly now and Senor Noche should be banned.

I hope for the sake of the club, Fenty gets gone as soon as possible because I wouldn't want to be him when our fate is sealed mathematically and we are still no closer to him being gone.

Quoted from pen penfras

I always find it silly when somebody posts something that makes a bit of sense, if a little patronising, but doesn't tow the fishy party line of "it's all Fenty's fault". I guess the easy answer is to ban anybody that has a different opinion, so you can all smash your keyboards to the same tune.

It's obvious why Shutes pulled out. He's in it to make money, he's not a fan so there's no other reason. To make money needs a new stadium funded by the state. That looks increasingly unlikely in a post covid world and would likely require more money from private investors/himself which will mean less return. There's £1.5M in loans that need repaying within 3 years. If the club don't make that much profit, then they have to underwrite the loans and cost him more money. Because we're a PLC, they have to offer to buy every share at the same price they pay for Fenty's shares, that means up to £1M of potential extra cost. Fenty and Alex May were investing £2M between them for new training facilities before that became a scandal.

Anybody can see that the risk/reward isn't attractive. As somebody with no emotional connection to the club, it doesn't make sense for Shutes to have been involved. Leaving it until the last minute seems like a male private move to urine off JF. Terms certainly didn't change on the day of completion, because contracts would have been drawn up over a period of weeks after all parties have agreed terms.