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council want to talk to Town about new stadium

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pen penfras
June 25, 2021, 10:03am

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Quoted from ginnywings


Your glass really is empty PP.


It's not empty, that's not our level. Punching above your weight is so much harder now than it ever has been before. 5k fans isn't sustainable to get us to that level without a sugar daddy and I don't want one of those. I don't have any grand expectations of what's to come, I'll be happy with being at the top end of a league again, although not the league any of us want to be watching.
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ginnywings
June 25, 2021, 11:11am

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Fair enough, but I think we are capable of sustained League 1, with forays into the Championship with the right people making the right decisions.

Burton, Scunny, Rotherham to name 3 have managed it recently.
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123614
June 25, 2021, 11:20am
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Ok, first of all I know nothing about high finance, development loans ect. absolutely nothing.  Anyway I read in a post here the other day that JS was worth £450M, I have no idea how much Mr Pettit is worth, so is £30M out of our two owners pockets too much to ask for, or is it something that is just not done?
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Poojah
June 25, 2021, 11:28am
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Quoted from 123614
Ok, first of all I know nothing about high finance, development loans ect. absolutely nothing.  Anyway I read in a post here the other day that JS was worth £450M, I have no idea how much Mr Pettit is worth, so is £30M out of our two owners pockets too much to ask for, or is it something that is just not done?


JS worth £450m? If that’s the case that’s way more than I had expected. I know Simply Business was sold for around £400m, but was he a major shareholder?


A smooth sea never made a skillful mariner.
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123614
June 25, 2021, 11:30am
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I have no idea, it was only what I saw on a post here, but I can't remember which one.
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Madeleymariner
June 25, 2021, 11:31am

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JS may be worth £450m but that does not mean he has access to that worth as cash to spend.
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123614
June 25, 2021, 11:38am
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I know, but as I said, I have no financial knowledge, however just a couple of minutes research showed a different picture saying his Cash at Bank was £32.5M.  I also saw something about a business he was involved in, it was Simply (something) had sold for £400M
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ska face
June 25, 2021, 11:44am

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Quoted from 123614
Ok, first of all I know nothing about high finance, development loans ect. absolutely nothing.  Anyway I read in a post here the other day that JS was worth £450M, I have no idea how much Mr Pettit is worth, so is £30M out of our two owners pockets too much to ask for, or is it something that is just not done?


Would be amazed if it was anything close to a tenth of £450m.
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grimsby pete
June 25, 2021, 12:27pm

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Rich people do not keep much cash in the bank they have it invested in other things that brings in more money.

Then that can withdraw 20 million quid to have a 10 minute flight into space.

Maybe 1878 will pay for a new stadium I just don't want our club forced to take on a load of debt.

To be fair I don't think Jason and Andrew want to either.


                             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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pen penfras
June 25, 2021, 12:54pm

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Quoted from 123614
Ok, first of all I know nothing about high finance, development loans ect. absolutely nothing.  Anyway I read in a post here the other day that JS was worth £450M, I have no idea how much Mr Pettit is worth, so is £30M out of our two owners pockets too much to ask for, or is it something that is just not done?


Don't think it's anywhere near that. Google suggests about £33M, which is less than I thought. Don't think that's an awful lot more than Fenty. I found an interesting article about him, which has 2 interesting lines about GTFC/JF

Quoted Text
Last year, Stockwood was named the best leader of a mid-sized company and received personal praise for completing a hat-trick at The Sunday Times for enthusiastic Grimsby Town fans. And although he has a strong emotional commitment, he does not expect himself to become financially involved in Blundell Park.

“I never say, but I have no plans to do so,” he said while in London, understanding how Wembley is becoming a second home these days. “I think John Fenty is doing a great job. It’s a miracle that he’s been doing the last few years,” he enthusiastically said.


https://londonnewstime.com/who.....msby-town-fc/229830/
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