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Another injury

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ska face
November 18, 2021, 5:21pm

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We’d have half a million quid to chuck at prospective signings it it weren’t for that parasite.
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Northbank Mariner
November 18, 2021, 5:26pm
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Quoted from pen penfras


I get it. If Fenty's in charge and we can't sign a player, it's penny pinching and there's no other possible explanation. Now we can't sign a player despite having significantly above budget crowds and it's because there's nobody out there.



Nope, because that money won't become available until next year, or possibly the year after, you know, when we've finally paid "it" off!!.
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MuddyWaters
November 18, 2021, 5:30pm
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Quoted from ska face
We’d have half a million quid to chuck at prospective signings it it weren’t for that parasite.


I’m not renowned for my support for Fenty but if the deal is that 1878 are paying him off at half a million a year then that’s the deal. They clearly stated in the interview with Matt Dean that they were paying ‘personal cash’ for the club.
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chaos33
November 18, 2021, 5:30pm
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I didn’t tell you to go away. I remarked that you always seem so negative and suggested that you might consider alternatives in which you can find some balance and/or fulfilment. I’ve never seen you post anything remotely positive.


"You should do what you love while you can"
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ska face
November 18, 2021, 5:51pm

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Quoted from MuddyWaters


I’m not renowned for my support for Fenty but if the deal is that 1878 are paying him off at half a million a year then that’s the deal. They clearly stated in the interview with Matt Dean that they were paying ‘personal cash’ for the club.


Well documented about the time of the Grist deal that Fenty insisted that any transfer fees went straight to him too, rather than to the club. Was one of his “red lines” & wouldn’t budge.

So whereas 1878 are happy to pay him at £500k a year of their own cash, he’s still using the club as a personal piggy bank.

£250k of striker might’ve got us straight back up & his money back sooner, but we’ll never know. The cúnt.
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Meza
November 18, 2021, 6:05pm

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Quoted from ska face


Well documented about the time of the Grist deal that Fenty insisted that any transfer fees went straight to him too, rather than to the club. Was one of his “red lines” & wouldn’t budge.

So whereas 1878 are happy to pay him at £500k a year of their own cash, he’s still using the club as a personal piggy bank.

£250k of striker might’ve got us straight back up & his money back sooner, but we’ll never know. The cúnt.


Personally i think JS & AP fcuked up here. They should have just paid him off there and then took back what they are owed afterwards.  If i had the money he would have been paid off.


[URL=https://imgur.com/VCxdH2Y][IMG]https://i.imgur.com/VCxdH2Ys.jpg[/IMG][/URL][URL=https://imgur.com/uMRVvRe][IMG]https://i.imgur.com/uMRVvRes.jpg[/IMG][/URL][URL=https://imgur.com/5p7nllT][IMG]https://i.imgur.com/5p7nllTs.jpg[/IMG][/URL][URL=https://imgur.com/46BEw5M][IMG]https://i.imgur.com/46BEw5Ms.jpg[/IMG][/URL][URL=https://imgur.com/06NXnQF][IMG]https://i.imgur.com/06NXnQFs.jpg[/IMG][/URL]

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lew chaterleys lover
November 18, 2021, 6:12pm
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Quoted from Meza


Personally i think JS & AP fcuked up here. They should have just paid him off there and then took back what they are owed afterwards.  If i had the money he would have been paid off.


I have never understood that either to be honest. They obviously have the money, so why not just pay him what he is owed and be done with it? He is lingering around like a bad smell.

They say they are in for the long haul so they could have redressed the balance over many years.
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BobbyCummingsTackle
November 18, 2021, 6:18pm
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Quoted from Meza


Personally i think JS & AP fcuked up here. They should have just paid him off there and then took back what they are owed afterwards.  If i had the money he would have been paid off.


None of us were in the negotiations (I assume!) and therefore don't know what was discussed and where the red lines were or weren't. The comment above about being told that the transfer fee part was a red line notwithstanding.

I'll be honest, if I had Stockwood and Petit's money I wouldn't go near a football club because they are a money pit. Stockwood has said publicly that he wouldn't have done it if it was about his head but the decision was made by his heart.


Miss Scunthorpe. Not a beauty pageant, just sound advice.
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Meza
November 18, 2021, 6:26pm

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None of us were in the negotiations (I assume!) and therefore don't know what was discussed and where the red lines were or weren't. The comment above about being told that the transfer fee part was a red line notwithstanding.

I'll be honest, if I had Stockwood and Petit's money I wouldn't go near a football club because they are a money pit. Stockwood has said publicly that he wouldn't have done it if it was about his head but the decision was made by his heart.


And thank god for that.


[URL=https://imgur.com/VCxdH2Y][IMG]https://i.imgur.com/VCxdH2Ys.jpg[/IMG][/URL][URL=https://imgur.com/uMRVvRe][IMG]https://i.imgur.com/uMRVvRes.jpg[/IMG][/URL][URL=https://imgur.com/5p7nllT][IMG]https://i.imgur.com/5p7nllTs.jpg[/IMG][/URL][URL=https://imgur.com/46BEw5M][IMG]https://i.imgur.com/46BEw5Ms.jpg[/IMG][/URL][URL=https://imgur.com/06NXnQF][IMG]https://i.imgur.com/06NXnQFs.jpg[/IMG][/URL]

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HerveJosse
November 18, 2021, 6:41pm
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Quoted from ska face


Well documented about the time of the Grist deal that Fenty insisted that any transfer fees went straight to him too, rather than to the club. Was one of his “red lines” & wouldn’t budge.

So whereas 1878 are happy to pay him at £500k a year of their own cash, he’s still using the club as a personal piggy bank.

£250k of striker might’ve got us straight back up & his money back sooner, but we’ll never know. The cúnt.


There has never been a statement that Fentys  loan will be paid with ‘personal cash’ either formally in the takeover documents or informally. The loan is to Grimsby Town Limited ie the club and it is its legal  obligation to repay it. The only nuance is that if GTFC cant pay there is guarantee to repay it from 1878 partners Limited a shell company with a share capital  of i£2 whose only asset is its shareholding in GTFC. So there is nothing visible or as far as I am aware anything stated by the the new owners that indicates anything other then the loan needs to repaid out of the trading receipts of GTFC whether gate receipts or incoming transfer fees. If they voluntary intend to inject new funds to repay Fenty and use the clubs unexpectedly enhanced income to fund investment or new player signings they would be free to say so.
In the abscence  of any statement on the matter one can only deduce the position from other actions. In a positive direction we can see investment in the training ground and minor investment at Blundell Park. How significant this is is unknown.In the other direction we have question marks over possible new investment in the squad when needed.
The most telling point for me is the apparent support for a salary cap in the National League. That in my opinion would be a disaster for our club. While
nothing is settled yet on the level of salary cap for players wages for next season the suggested figure is £900k. That is very small beer for a club with gates of 6000 and would play into the hands of the poorly supported south east clubs in this division who can attract semi professional players of some quality who hold a second well paid job or who have plastic pitches.
We are a big fish in this league why dilute our advantage if the objective  is to get out of this league and to a higher level where further investment will be required.
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