Jason Stockwood on Radio Humberside Weds evening

I get that people want to get him paid off and out of the picture quicker but he’s not involved in running the club any more and as I pointed out above, a win-win deal could have been done. This is causing real damage to our promotion challenge.

Fair play to Stockwood, he’s a much better man than I am as I don’t think I’d have been able to speak about Fenty in quite such gracious terms.

When having to fend off questions about being underprepared or not being able to being in a striker, he was well within his rights to say that at least £410,000 has been immediately siphoned from the budget to pay off that parasitic illegitimate for his failings. That’s nearly £8k a week for this year. Four £2k a week players, or 2 on double that.

We all know Fenty would have done so, the girl private was still blaming ITV Digital as he walked out of the boardroom for the final time in May.

The sale had to be approved by all shareholders who receive a circular setting out the deal and voted to approve it before it could go through.The circular stated Fenty’sloans would be paid in £500k annual instalments. The circular did not sale there was a contractual obligation to accelerate the loan payment if transfer fees were received. Surely that’s a material fact shareholders should have been made aware of when voting.
It wouldn’t have changed the result of the vote or my vote but as someone who has worked incorporate takeovers in my view that’s naughty. Transparency?

So that’s the next 4 years budgets fu.cked then potentially unless we have a big transfer income which is unlikely?

Thanks for the clarification guys.

I obviously had no idea how the deal worked.

Don’t know why you get red crossed for basically asking a question, but hey ho, we move on.

Quoted from ska face

Fair play to Stockwood, he’s a much better man than I am as I don’t think I’d have been able to speak about Fenty in quite such gracious terms.

When having to fend off questions about being underprepared or not being able to being in a striker, he was well within his rights to say that at least £410,000 has been immediately siphoned from the budget to pay off that parasitic illegitimate for his failings. That’s nearly £8k a week for this year. Four £2k a week players, or 2 on double that.

We all know Fenty would have done so, the girl private was still blaming ITV Digital as he walked out of the boardroom for the final time in May.

His reply basically says that they'll be doing the same, probably putting the money in as new shares, but expecting them to be paid back when they come to sell. If we hadn't sold those players, the loan still needed repaying and they'd have to have stumped up the money for it, no reason that can't still be the case if they're expecting success.

Clearly the culture has changed for the better and they're trying to make the popular moves, but in terms of playing budget we seem to be exactly where we have been for the last 20 years. Top 5-7 playing budget is underwhelming, although there are clearly some very big spenders this season.

Quoted from louth_in_the_south

So that’s the next 4 years budgets fu.cked then potentially unless we have a big transfer income which is unlikely?

It seems that at the worst case Fenty is due to get his £1.5m loans back evenly over 3 years. With the Grist and Pollock money we are now on track to pay him off one year early.

It would be great to choose how we spend it rather than have a contractual obligation but it is what it is.

It would be great if Dembele went for £5m this month so we could be rid of him completely.

I used to think of Fenty as an absolutely abysmal football club chairman but at heart he was just a Town fan who wanted the best for the club and the town.

He's clearly just an absolutely abysmal football club chairman.

Quoted from louth_in_the_south

So that’s the next 4 years budgets fu.cked then potentially unless we have a big transfer income which is unlikely?

We’ll we’ve had a good year of sales this year which probably puts us 1-2 years ahead of that. This is the point we need to see, paying off Fenty had already been agreed and we can be as drunk off as we like but we cant do anything about it now.

We do need to remain positive about the transfer fees though, paying off Fenty was always budgeted for.

Quoted from pen penfras

His reply basically says that they'll be doing the same, probably putting the money in as new shares, but expecting them to be paid back when they come to sell

Absolutely correct.

I never really get why anyone criticised John Fenty for expecting his money back. Unless you are a mega rich club owned by a Sheik or an Oligarch, then no sane business person would prop up a football business and not expect to get their money back at some stage.

Whether that be via share purchase or by loans.

Quite clear from the interview, that the day Andrew and Jason leave, they will want their money back out in some manner.

What makes me laugh is that these guys are still in the honeymoon. I have to say that like most, I’m pleased with the fresh start and the change in culture. But we haven’t kicked a ball yet. Let’s see what happens if or when we have a rough patch on the field. Then let’s see how supportive one or two are of our new owners. I certainly will be.

Not so sure about this Debbie person as new CEO. I may be wrong, but she strikes me that she likes to hog the limelight a bit. So the jury is still out for me on her