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Hurst, Stay or Go??

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HertsGTFC
January 23, 2022, 9:39pm

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Quoted from GibMariner


See the accounts are still not available. If Fenty is to be believed, he left the club with £800k in the bank and no other debt than to himself. So have they actually put any money in the club. ??? Why are they holding the accounts back. ???



In terms of a cash balance £800k isn’t that much. It sounds good but it would be working capital to support the day to day running of the club and not for throwing at a run of poor form.


"Crombie you would have got to that if you weren't such a fat ba%$@rd" - George Kerr, inspiration from the dug out 70s style  
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Bigdog
January 23, 2022, 9:39pm
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Quoted from GibMariner


See the accounts are still not available. If Fenty is to be believed, he left the club with £800k in the bank and no other debt than to himself. So have they actually put any money in the club. ??? Why are they holding the accounts back. ???



I'd take them at their word that they've thrown "a few quid in" (their words) on infrastructure improvements like the pitch, Cheapside and the new glass barriers in the Findus etc..
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HertsGTFC
January 23, 2022, 9:41pm

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Quoted from MuddyWaters


Isn’t it relevant to our future revenue streams?


It will be but it won’t get us out of Division 5.


"Crombie you would have got to that if you weren't such a fat ba%$@rd" - George Kerr, inspiration from the dug out 70s style  
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lew chaterleys lover
January 23, 2022, 9:48pm
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Quoted from Bigdog


First of all they haven't sunk millions into the football club. They bought Fenty's shares and a few others amounting to around £1m. These remain 1878's assets and do not result in any financial gain for the club's coffers. The football club will be paying the JF loan off out of generated income. Grateful as I am to improvements at Cheapside and minor cheap improvements elsewhere, it doesn't amount to much more than 200k or so of personal money I'd estimate, certainly not the millions you have quoted.

We all know that there's three main goals to get this football club back on its feet: a new stadium, new training facilities and getting back in the EFL and pushing on to possibly League One. New training facilities are seemingly on their way in the near future so that's great news but with JS's statement on a new stadium we seem to be as far away as ever and there's no disecernable difference in strategy on the playing side compared to the Fenty years, and getting the same results may I add. And so for me, I'll also have to put to bed seeing GTFC in a new stadium in my lifetime and I'm only in my fifties..

To ensure getting out of this division, generally you'll need an additional fighting fund on top of the playing budget. I think the owners have underestimated this. Getting that extra funding from a new investor is as crucial as getting funding from investors for infrastructure. And it's not an either or. We should be looking to boost playing budget through share acquisition as well as improving infrastructure. This needs to happen sooner rather than later as the longer it goes on the further we'll fall behind the EFL funded clubs season after season like we did before when we were non-league. Don't know about you, but I'm really tired of us being shite on the pitch and I'm really tired of us being one of the biggest clubs left that hasn't got a new stadium.

I thought JS and AP would be more wired into fan sentiment than they are and more geared up to hit the ground running, or maybe the money is just not there, but GTFC cannot be a touchy feely long term project for a great many of us, and we've heard it all before..


I have heard JS say more than once he has had offers of investment from his contacts but doesn't need it yet.

What is that all about? We need it now and urgently don't we?

I thought the new owners were going to be a force to be reckoned with and really give us a new horizon to aim for but it is very underwhelming thus far.
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jamesgtfc
January 23, 2022, 9:49pm
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Quoted from GibMariner


See the accounts are still not available. If Fenty is to be believed, he left the club with £800k in the bank and no other debt than to himself. So have they actually put any money in the club. ??? Why are they holding the accounts back. ???



I suppose it's not prudent to show your accounts during a transfer window and Companies House says they are due 28th February...
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MuddyWaters
January 23, 2022, 9:49pm
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Quoted from HertsGTFC


In terms of a cash balance £800k isn’t that much. It sounds good but it would be working capital to support the day to day running of the club and not for throwing at a run of poor form.


It would have been boosted by several over budget attendances though.
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Vance Warner
January 23, 2022, 9:53pm
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Quoted from Bigdog


First of all they haven't sunk millions into the football club. They bought Fenty's shares and a few others amounting to around £1m. These remain 1878's assets and do not result in any financial gain for the club's coffers. The football club will be paying the JF loan off out of generated income. Grateful as I am to improvements at Cheapside and minor cheap improvements elsewhere, it doesn't amount to much more than 200k or so of personal money I'd estimate, certainly not the millions you have quoted.

We all know that there's three main goals to get this football club back on its feet: a new stadium, new training facilities and getting back in the EFL and pushing on to possibly League One. New training facilities are seemingly on their way in the near future so that's great news but with JS's statement on a new stadium we seem to be as far away as ever and there's no disecernable difference in strategy on the playing side compared to the Fenty years, and getting the same results may I add. And so for me, I'll also have to put to bed seeing GTFC in a new stadium in my lifetime and I'm only in my fifties..

To ensure getting out of this division, generally you'll need an additional fighting fund on top of the playing budget. I think the owners have underestimated this. Getting that extra funding from a new investor is as crucial as getting funding from investors for infrastructure. And it's not an either or. We should be looking to boost playing budget through share acquisition as well as improving infrastructure. This needs to happen sooner rather than later as the longer it goes on the further we'll fall behind the EFL funded clubs season after season like we did before when we were non-league. Don't know about you, but I'm really tired of us being shite on the pitch and I'm really tired of us being one of the biggest clubs left that hasn't got a new stadium.

I thought JS and AP would be more wired into fan sentiment than they are and more geared up to hit the ground running, or maybe the money is just not there, but GTFC cannot be a touchy feely long term project for a great many of us, and we've heard it all before..


So you’d prefer someone with no ties to the town to throw silly money at it for a few years and then clear off when they got bored? It’s clear fans have contrasting views so what you want is the owners to be wired into your sentiment and no one else’s? I’m also sick of us being sh1te by the way.
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HertsGTFC
January 23, 2022, 9:53pm

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Quoted from MuddyWaters


It would have been boosted by several over budget attendances though.


Quite possibly and when this year’s accounts land next year we’ll see. The new owners must have put a bit in though as £800k wouldn’t fund too much capex.


"Crombie you would have got to that if you weren't such a fat ba%$@rd" - George Kerr, inspiration from the dug out 70s style  
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Bigdog
January 23, 2022, 9:55pm
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Quoted from Vance Warner


So you’d prefer someone with no ties to the town to throw silly money at it for a few years and then clear off when they got bored?
It’s clear fans have contrasting views so what you want is the owners to be wired into your sentiment and no one else’s? I’m also sick of us being sh1te by the way.


That's a gross misrepresentation of what I said mate..
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Vance Warner
January 23, 2022, 10:16pm
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Quoted from Bigdog


That's a gross misrepresentation of what I said mate..


Apologies if that’s the case but just think it’s too soon to judge the owners on their performance. Things don’t change overnight and other than spending unsustainable amounts of money I’m not sure what more they could have done so far. Hopefully a new training ground announcement soon will showcase some of the work they are doing.
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