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Quoted from fleabag1970

It is what it is . Last year I realised that slagging players off and the manager achieves nothing . This year I've realised my club is in safe hands . I'm nearly 50 but I'm still learning and I'm not afraid to admit it .

What yardstick are you using?

No progress on or off the field and 6 years spent in the wilderness of non league, bottom half finishes in league 2 apart from the Cardiff play off year, and falling out with everyone trying to promote the club and you reckon we are in safe hands?

If the only criteria is having any club is better than having no club, then why bother?

Quoted from bluerose13x

In the last 20 years, if we discount 6 years as tin pot, how many times have we finished mid table or above? Once.

Flipping ONCE

Fenty out

At least the club is secure though

Quoted from Rob_in_Grimsby

Grow up Michael

Don’t be upset that your still waiting for your next growth spurt

It beggars belief that Team Fenty appear on a forum thread and use a charlatan owner like Steve Dale to justify 15 years (and I’m being polite) of let downs, underachievement and abandonment of the club’s fans.
The one thing I’ve heard all day from Bury and Bolton fans is how Dale and Anderson have disconnected from their fans. Sound familiar?

It's certainly made me want to know the answer to "what's in it for Shutes?"

It's been a wonderful,glorious 20 years, just cast your mind back to all those awesome memories.
Did I get this right John?

Quoted from Rob_in_Grimsby

Yay another Fenty bashing thread

You really aren't doing yourself any favours are you.

Quoted from fleabag1970

In light of the goings on in the EFL this week has the tide of opinion changed towards him? . Let's be honest without him there would be no GTFC (based on this week's events) . Have we been guilty of living in the past and mid table league two is our natural position based on a club that is being run in a correct and proper manner ?

I have to repeat Lew's answers. No and no.

We've actually racked up more losses under his control than we had before he started. So relative failure financially. We're actually worse off!

We have overspent in net terms over his tenure and only started to get a grip financially when the Trust got onto the board.

So by the 'Bury criteria'...we're not as badly off as them, but we've gone backwards not forwards overall!

Quoted from forza ivano

It's been a wonderful,glorious 20 years, just cast your mind back to all those awesome memories.
Did I get this right John?

Steady on now. Move along. There's a good lad.

Quoted from fleabag1970

In light of the goings on in the EFL this week has the tide of opinion changed towards him? . Let's be honest without him there would be no GTFC (based on this week's events) . Have we been guilty of living in the past and mid table league two is our natural position based on a club that is being run in a correct and proper manner ?

Seriously? (Fans' Forum, Bragate, fined 15K by the EFL, stadium manager who's lost the plot - the list goes on...)

Made me laugh, anyway!

Keeping the club in existence is the absolute minimum the fans are entitled to expect from the guy in charge of it, surely? JF passes that test (though it's been a largely miserable existence for the fans), but in so many situations where he has to deal with people (as opposed to a balance sheet) he's been found wanting.
Just my opinion.

Quoted from Stadium

This could be a revelation.
It's almost a JF love in.

With the amount of family members John has on here i`m not surprised ;)

Quoted from forza ivano

It's been a wonderful,glorious 20 years, just cast your mind back to all those awesome memories.
Did I get this right John?

Ah so you are the tyre kicker ;)

Personally I think this will just be a rerun of other threads before.
There are those that see John as the saviour of the club, those that see him as the villain and various
views in between. The same old debate will continue with no real change or nothing new until the takeover is decided one way or the other.

Makes you wonder why nobody talked about ITV Digital in 05/06 when we were 90 mins (and a few bent decisions) away from returning to League 1? Fair enough dropping out the Championship and the 2nd successive relegation has been seen before, despite us being in a decent enough position when Law took over.

But after a mid-table consolidation in 04/05, we would’ve been back in League 1 if us and Oxford had seen out the last 120 seconds of the season. We’re we not being run sensibly and within our means then?

What’s happened since that day then? We’ve not been higher in the last 13 years and spent 6 of those out of the league altogether. Unless I missed another ITV Digital collapse, it looks possible that a series of poor decisions somewhere around the boardroom may have contributed slightly?

Quoted from fleabag1970

In light of the goings on in the EFL this week has the tide of opinion changed towards him? . Let's be honest without him there would be no GTFC (based on this week's events) . Have we been guilty of living in the past and mid table league two is our natural position based on a club that is being run in a correct and proper manner ?

Yes, thanks must go to Fenty for not being the worst possible chairman in football league history.

That is your comparison. Perhaps, not the greatest yardstick to measure Fenty's time in charge.

I'm sure John will be patting himself on the back about it though. ;)

Quoted from gtfc98

It's certainly made me want to know the answer to "what's in it for Shutes?"

I hope Fenty takes time out to watch the vid of the Luton takeover which someone posted on here yesterday.

Quoted from Ipswin

I hope Fenty takes time out to watch the vid of the Luton takeover which someone posted on here yesterday.

Which takeover are we on about Swin ? I can’t be @rsed to watch the video. Is it the disastrous one where they ended up in the conference (God forbid that should happen to us), or the latest one where they got back to back promotions and are going full steam ahead with a much needed new Stadium???

Just wondering which yardstick we should use ?? !!!!!!!

'kin hell!!!

So Fenty is ok now because he's not Steve Dale or Ken Anderson?

The likes of Dale, Anderson and all the other leaches in the game are the absolute worst of the worst, scum. No-one has ever accused Fenty of trying to take us to the wall.  That's not his agenda and I doubt it ever would be.

But poor is poor, even if you're stood next to someone like Anderson or Dale.

Let's throw another name into the mix, Andy Holt.  If we can highlight that Fenty isn't so bad by putting him up against people who will kill a club for their own gain, let's also put him up against someone who's done a really good job.

Under Holt, Accrington have achieved promotion to League One and retained their place.  They've posted profits that exceed ours, despite having far smaller attendances and achieving higher league placings.  He interacts with the fans, engages with his customers and gives them what they want (an experience).  Whilst he is (in my opinion) a bit over the top at times on his Twitter, he recognises the value of engagement and that the customer is what matters most.

Under Fenty, Town dropped into the Conference for six years, still bleat on about ITV Digital even though it was 18 years ago, managed to be stable financially but hardly capitalising on a few episodes of footballing fortune,  Under his watch staff have called the fans bullies, hooligans and one of his mates on the board told fans to shut up.  He orchestrated a hatchet job on a well liked local journalist, bragged to fans about the value of his car, lied about the reason a former manager left, voted for the Checkatrade farce despite not understanding the implications and then tried to justify it.....need I go on?

So, no.  The tide of opinion hasn't changed in my eyes.
I don't buy into this there wouldn't be a GTFC without him either.  Other clubs survived the ITV Digital collapse, far more than went under.  I'm pleased we never went into administration, it shouldn't be an easy get-out.   But his failings since then far outweigh anything else.

Quoted from Civvy at last

Which takeover are we on about Swin ? I can’t be @rsed to watch the video.

Perhaps you should, then you wouldn't try to be such a clever fornicator.

The bit at the end where the deposed head of the failed takeover group smirks at the camera and says he'll fight the trust all the way and if it comes to it he'll make sure there is nothing left (of the club) to fight for (mind you they had just appointed Mike Newell!)

Please let no one knock Fenty for making sure whoever buys the club is not a rip off merchant. We must not let our club pass into the wrong hands.

Be careful what you wish for, the criticisms and faults of Fenty could look insignificant if the wrong man / men get their hands on GTFC

Quoted from diehardmariner

'kin hell!!!

So Fenty is ok now because he's not Steve Dale or Ken Anderson?

The likes of Dale, Anderson and all the other leaches in the game are the absolute worst of the worst, scum. No-one has ever accused Fenty of trying to take us to the wall.  That's not his agenda and I doubt it ever would be.

But poor is poor, even if you're stood next to someone like Anderson or Dale.

Let's throw another name into the mix, Andy Holt.  If we can highlight that Fenty isn't so bad by putting him up against people who will kill a club for their own gain, let's also put him up against someone who's done a really good job.

Under Holt, Accrington have achieved promotion to League One and retained their place.  They've posted profits that exceed ours, despite having far smaller attendances and achieving higher league placings.  He interacts with the fans, engages with his customers and gives them what they want (an experience).  Whilst he is (in my opinion) a bit over the top at times on his Twitter, he recognises the value of engagement and that the customer is what matters most.

Under Fenty, Town dropped into the Conference for six years, still bleat on about ITV Digital even though it was 18 years ago, managed to be stable financially but hardly capitalising on a few episodes of footballing fortune,  Under his watch staff have called the fans bullies, hooligans and one of his mates on the board told fans to shut up.  He orchestrated a hatchet job on a well liked local journalist, bragged to fans about the value of his car, lied about the reason a former manager left, voted for the Checkatrade farce despite not understanding the implications and then tried to justify it.....need I go on?

So, no.  The tide of opinion hasn't changed in my eyes.
I don't buy into this there wouldn't be a GTFC without him either.  Other clubs survived the ITV Digital collapse, far more than went under.  I'm pleased we never went into administration, it shouldn't be an easy get-out.   But his failings since then far outweigh anything else.

That’s a good summary.

There are few highlights for me so far under Fenty's tenure;

1. When he snapped that kids flag, sorry John deconstructed the flag so it could no longer be used as WMD.
2. Arguing with fans on the fishy.
3. Fans forum where he got his revenge on Matt Dean, and played his woe is me card, and if it wasn't for yours truly.

Fenty has done what he has wanted since he became the major share holder, we could be worse off but we could also be better off, one thing is for sure his tenure at the club feels like a strangle hold, and one of rot.

To save another 50 odd pages of the same stuff regurgitated it could simply be put to an end with:

Time for a new approach. And much needed. Club behind others on and off pitch. Fresh outlook, overhaul on what works/doesn’t, improve on all, re-engage with community, carry on the recent match day stuff for the youngsters - build your base again (supporters young and old)- work with not against.

You don’t need millions, or have to over spend - or issue threats - people will support if they can see what’s been done. Engagement - effort- community bond.

Quoted from Ipswin

Perhaps you should, then you wouldn't try to be such a clever fornicator.

Please let no one knock Fenty for making sure whoever buys the club is not a rip off merchant. We must not let our club pass into the wrong hands.

Be careful what you wish for, the criticisms and faults of Fenty could look insignificant if the wrong man / men get their hands on GTFC

You will not find a single comment from me criticising anyone for the length of time this is taking. In fact, quite the opposite. I said at the very beginning it would and should be a long process.  And that is rightly occurring.

However, some of JF’s new found allies appear to be using Bury to somehow defend his record.  You pointed out the disgraceful people that took over at Luton. I countered that, by pointing out they now have a VERY successful board and investors.

A man of your intelligence reduced to slagging me off and swearing tells me I’m getting something right.

Perhaps if I  buy your book you’ll start defending me too 😉

I don't think this thread was really necessary other than Team Fenty trying to score a few points, all this been mentioned in other threads.

Yes I'm grateful Fenty saved us and that he a fan that doesn't want to see us go to the wall, but our record doing anything more than barely scraping by is atrocious.

What's happened at Bury has obviously emboldened some folk into selective amnesia. I know a football club's for life, an aw that, but think of the money you've put into the club over the last twenty years and then ask yourself if you've ever had anything resembling value for money? Could it have been better? because if not then to coin Captain Mainwaring "We're doomed"

Quoted from Civvy at last

You pointed out the disgraceful people that took over at Luton. I countered that, by pointing out they now have a VERY successful board and investors.

A man of your intelligence reduced to slagging me off and swearing tells me I’m getting something right.

Perhaps if I buy your book you’ll start defending me too 😉

No, you queried whether the video link depicted the 'disgraceful people' takeover or the later successful one. It surely must have been clear even to you that the link was posted as a result of a) the Bury disaster and b) what could happen if Fenty didn't ensure Shutes or any other consortium was properly vetted. You knew damn well which of the two I and the video were referring to.

You will get something right eventually and buying the book would be a start

Quoted from MuddyWaters

It beggars belief that Team Fenty appear on a forum thread and use a charlatan owner like Steve Dale to justify 15 years (and I’m being polite) of let downs, underachievement and abandonment of the club’s fans.
The one thing I’ve heard all day from Bury and Bolton fans is how Dale and Anderson have disconnected from their fans. Sound familiar?

So, from the 16 red crosses, I take it that there's 16 people on here that are happy with GTFC's current relationship with the fans? Or proud that we've failed to finish in the top half of League 2 since 2005/6?

recently sat through a "motivational speaker" event at my work........the speakers message seemed to be a similar one to the Fenty Defense League ....."be grateful it could be worse, we could be Bury " ....this speaker in particular had been unfortunate enough in life to have had his mother killed by Peter Sutcliffe.....but his message/ mantra, if you can call it that was very similar...
"when things arent going right just think, it could be worse, your mum wasn't killed by the Yorkshire Ripper" !!

Yay, wooo , go go go...we aren't Bury and my mum wasnt killed by the Yorkshire Ripper.

Suddenly i feel like i am living the dream and have no worries in my life.

I have been critical of John Fenty in the past but I'm certain he has the club at heart.
I'm also pretty certain that without him, we would be in a much worse situation.
No comparison between him a the Bury owner, that just highlights how fortunate we are to have a genuine fan at the helm. He's stuck with it when many, including myself (town through and through) would have said stuff it all.

Fortunes on the pitch are often kick started by luck...signings...good managerial appointments, etc. Look at Lincoln gambling on 2 teachers and winning.
John may well have done similar now by appointing Jolley (I hope so)
There has been no one else to take over the reigns during his tenure (it's delusional to think otherwise)and since Peter Furneaux past way, he has been almost single handed. A lonely place.
Many on here seem to take it to a very personal level. I feel it coming as I type but objectively, the Bury situation has focused my thoughts toward gratitude and relief that it isn't us and JF has been key to that.

He’s done an interview with Grimsby Independent today. Should be available later this evening.

Fenty nothing but a failure at GTFC 15 years of failure, wrong policy's and poor decisions, wont listen to anyone else, always knows best, believes in Austerity which never ever works...He's a disaster and a nasty Tory too...

Quoted from Cod Cheeks

I have been critical of John Fenty in the past but I'm certain he has the club at heart.
I'm also pretty certain that without him, we would be in a much worse situation.
No comparison between him a the Bury owner, that just highlights how fortunate we are to have a genuine fan at the helm. He's stuck with it when many, including myself (town through and through) would have said stuff it all.

Fortunes on the pitch are often kick started by luck...signings...good managerial appointments, etc. Look at Lincoln gambling on 2 teachers and winning.
John may well have done similar now by appointing Jolley (I hope so)
There has been no one else to take over the reigns during his tenure (it's delusional to think otherwise)and since Peter Furneaux past way, he has been almost single handed. A lonely place.
Many on here seem to take it to a very personal level. I feel it coming as I type but objectively, the Bury situation has focused my thoughts toward gratitude and relief that it isn't us and JF has been key to that.

In the past? Maybe, but in recent times, most have accepted that he did what he felt was right at the time but, in hindsight, it might have been better done differently. Factually, we are several rungs lower in the league ladder than we were when he started albeit that things show signs of improvement. But then, we're due to be in the Championship in three and a half years according to Mr Day.

Quoted from psgmariner

He’s done an interview with Grimsby Independent today. Should be available later this evening.

Why do I always get a sinking feeling when I see the words Fenty and interview in the same sentence?

Quoted from forza ivano

Why do I always get a sinking feeling when I see the words Fenty and interview in the same sentence?

I am looking forward to it myself. I have my Fenty bingo cliche' card at the ready.

One thing is for sure - we will be no further on by the end of the interview than we were at the start.

Quoted from Ipswin

Perhaps you should, then you wouldn't try to be such a clever fornicator.

The bit at the end where the deposed head of the failed takeover group smirks at the camera and says he'll fight the trust all the way and if it comes to it he'll make sure there is nothing left (of the club) to fight for (mind you they had just appointed Mike Newell!)

Please let no one knock Fenty for making sure whoever buys the club is not a rip off merchant. We must not let our club pass into the wrong hands.

Be careful what you wish for, the criticisms and faults of Fenty could look insignificant if the wrong man / men get their hands on GTFC

Couldn't agree more on this point.

All we've heard from Fenty though is whether Shutes' bnk balance is big enough. Which is no measure of a man's ethics.

PS anyone moaning that this is just another Fenty bashing thread should take it up with the original poster.

To quote Basil Fenty Fawlty when talking to the German guests,

'you started it!'

Quoted from Cod Cheeks

There has been no one else to take over the reigns during his tenure (it's delusional to think otherwise)

Mike Parker.

We could have their combined clout even but unfortunately it's a closed door 'my way or the highway' unlike Lincoln's 'any investors are welcome'.

And a hell of a lot of great work has gone on in the background to enable the Cowley's success.

I doubt if we had the Cowley's we'd have seized the opportunity the same. Would BP be sold out with several thousand season tickets? No, though I'd argue our potential fan base is bigger.

Quoted from fleabag1970

In light of the goings on in the EFL this week has the tide of opinion changed towards him?

Just hope the buyout happens soon so fenty can put all his effort and time on giant palm trees 😎🏝

First and formost Fenty is and always will be a life long mariner. I have not agreed with everything he as done but in hindsight (unless we have hidden debts) he as tried to keep the club financially stable.

His ego does get the better of him which causes a bitter rift with supporters and even fellow ex directors.

Let's face it nobody likes being told they are wrong or critisised for doing the wrong thing.

Time to let Mike Jolley's team and the lads do the talking on the pitch where it matters.

We all want that don't we??

I have been and always will be a fierce critic of Fenty. His heart is in the right place and he is completely dedicated to the club but is not the right man to run it.

Quoted from Mrs Doyle

First and formost Fenty is and always will be a life long mariner. I have not agreed with everything he as done but in hindsight (unless we have hidden debts) he as tried to keep the club financially stable.

His ego does get the better of him which causes a bitter rift with supporters and even fellow ex directors.

Let's face it nobody likes being told they are wrong or critisised for doing the wrong thing.

He`s had plenty of practice I thought he would have been used to it :)

Time to let Mike Jolley's team and the lads do the talking on the pitch where it matters.

We all want that don't we??

Some fans love him some fans hate him but most just don't care about him either way.

Don't really want to go over the same old ground again.

So I hope a good candidate comes forward and ticks all the boxes and we can say,

Thank you John and goodbye enjoy just being a fan.

Quoted from grimsby pete

Some fans love him some fans hate him but most just don't care about him either way.

Don't really want to go over the same old ground again.

So I hope a good candidate comes forward and ticks all the boxes and we can say,

Thank you John and goodbye enjoy just being a fan.

Never heard anybody say they hate John Fenty personally he`s just done his time and were fed up with him and he is fed up with us.

So basically we should be grateful for John Fenty because under his watch the club didn't cease to exist?

Maybe I should start thanking my son's school teacher at the end of each school day for successfully keeping him alive for six and three quarter hours.

On to the present, JF has had his sale price accepted allegedly in the negotiations so he's not being unreasonable by the sounds of it.

Let's hope the takeover happens.

Quoted from psgmariner

He’s done an interview with Grimsby Independent today. Should be available later this evening.

Shutes?

https://www.facebook.com/watch/?v=506129443531132

I've been a critic of John in his past interviews and I have to say that was probably his best interview his has done and came across really well. Well done John and hopefully the transition to Mr Shutes goes smoothly too, interesting times ahead.

quite interesting interview, though the volume was awful. Sounds like the journo had put the microphone out in the corridor!
Fenty ,at long last, seems to have given up on Peaks Parkway, even though he's convinced it's the best option. Without Shutes the ground on the docks will die, so Freeman Street seems to be the option he's planning for
Forgive me GrimRob/getyourfactsright if i've got this arrse about face as it was bloody difficult to hear (don't need any more posts deleted nor snotty p.m.s)

Some crackers for your Fenty Bingo , although i was badly let down when 'tyre kickers' didn't pass his lips ;D ;D ;D

those old stalwarts - at the end of the day / moving forward / brought to the table/ sat round the table/ it's fair to say /rub of the green all got a good airing.
he loves 'custodian' ;think he said it 5 times, whilst I particularly liked newcomers such as 'income ladder' and the pitch being described as a 'postage stamp'.
he saved the best though, until near the end, when he said 'he wanted to cement home again' , by which i think he simply meant 'repeat' rather than referring to some bizarre, botched d.i.y. job!

Quoted from forza ivano

quite interesting interview, though the volume was awful. Sounds like the journo had put the microphone out in the corridor!
Fenty ,at long last, seems to have given up on Peaks Parkway, even though he's convinced it's the best option. Without Shutes the ground on the docks will die, so Freeman Street seems to be the option he's planning for
Forgive me GrimRob/getyourfactsright if i've got this arrse about face as it was bloody difficult to hear (don't need any more posts deleted nor snotty p.m.s)

Some crackers for your Fenty Bingo , although i was badly let down when 'tyre kickers' didn't pass his lips ;D ;D ;D

those old stalwarts - at the end of the day / moving forward / brought to the table/ sat round the table/ it's fair to say /rub of the green all got a good airing.
he loves 'custodian' ;think he said it 5 times, whilst I particularly liked newcomers such as 'income ladder' and the pitch being described as a 'postage stamp'.
he saved the best though, until near the end, when he said 'he wanted to cement home again' , by which i think he simply meant 'repeat' rather than referring to some bizarre, botched d.i.y. job!

I particularly liked BP pitch being a 'postage stamp' and then 'my most expensive garden'.

The underlying message I get is that the takeover seems far less likely than it was reported by the Telegraph two months ago.

Quoted from MuddyWaters

I particularly liked BP pitch being a 'postage stamp' and then 'my most expensive garden'.

The underlying message I get is that the takeover seems far less likely than it was reported by the Telegraph two months ago.

oooh , i missed the garden one Codger.Was he still talking about the pitch? The other one I liked, and he said it twice, was 'went through the building' referring to the player turnover. does anyone know if that is an 'oldie but goodie' or a new turn of phrase that he's discovered?

Quoted from 1mickylyons

Never heard anybody say they hate John Fenty personally he`s just done his time and were fed up with him and he is fed up with us.

True but never heard anybody say they love him either ;D

Quoted from Mrs Doyle

First and formost Fenty is and always will be a life long mariner. I have not agreed with everything he as done but in hindsight (unless we have hidden debts) he as tried to keep the club financially stable.

His ego does get the better of him which causes a bitter rift with supporters and even fellow ex directors.

Let's face it nobody likes being told they are wrong or critisised for doing the wrong thing.

Time to let Mike Jolley's team and the lads do the talking on the pitch where it matters.

We all want that don't we??

MD, I’m not aware of ANY calls for the team not to do their talking on the pitch, are you?!

I thought that was a great interview by John, he spoke honestly and from the heart, you can see this club means a lot to him, he’s acknowledged he’s got things wrong in the past which takes balls to do that, he deserves credit for that 👍

I admit he came over better in that interview - looked more relaxed - perhaps because it was an interview by little known media.

Regarding the substance though, I don't understand what the point of Fenty is? If you cannot spend more than 50% of your income and he has not had much if any success in improving our income, then what is he there for?

He distributes the main income - the fans money - to the manager who spends it. To me, that cries out that a man with such limited ability to have a collegiate approach, and to get and keep other people on board who could increase our income is definitely not the man we need.

He keeps asking Shutes for proof of funds to counteract a downturn, or a bad season, but why should he have to do that? Fenty himself said the club is self-financing even run as it is now, so the chance of a serious downturn is unlikely.

Even after all this time in charge Fenty's financial input has been relatively small by todays standards, and that did include a serious downturn (relegation from the league altogether)

That interview has just confirmed my view that someone else in charge who is better able to galvanise the fans and get a feel good factor around the club and its role in the community would do a much better job. If that man is also able to make the club the centrepiece of a regeneration of the town that would be fantastic.

Quoted from lew chaterleys lover

I admit he came over better in that interview - looked more relaxed - perhaps because it was an interview by little known media.

Regarding the substance though, I don't understand what the point of Fenty is? If you cannot spend more than 50% of your income and he has not had much if any success in improving our income, then what is he there for?

He distributes the main income - the fans money - to the manager who spends it. To me, that cries out that a man with such limited ability to have a collegiate approach, and to get and keep other people on board who could increase our income is definitely not the man we need.

He keeps asking Shutes for proof of funds to counteract a downturn, or a bad season, but why should he have to do that? Fenty himself said the club is self-financing even run as it is now, so the chance of a serious downturn is unlikely.

Even after all this time in charge Fenty's financial input has been relatively small by todays standards, and that did include a serious downturn (relegation from the league altogether)

That interview has just confirmed my view that someone else in charge who is better able to galvanise the fans and get a feel good factor around the club and its role in the community would do a much better job. If that man is also able to make the club the centrepiece of a regeneration of the town that would be fantastic.

He admits that we currently don't need these extra funds, but also goes on to explain how much we lost when we got relegated last time, which is nearly double what he said he's looking for in terms of proof of funds for a rainy day. The EFL requirement is that we only spend 50% of qualifying income, but a bad run and crowds could easily drop to 3000 which would be a huge drop in income that we couldn't have accounted for and would put us significantly above the 50%. Plus with players on 2-3 year contracts, we could end up stuck with high earners in the conference with a significantly lower income.

Quoted from pen penfras

He admits that we currently don't need these extra funds, but also goes on to explain how much we lost when we got relegated last time, which is nearly double what he said he's looking for in terms of proof of funds for a rainy day. The EFL requirement is that we only spend 50% of qualifying income, but a bad run and crowds could easily drop to 3000 which would be a huge drop in income that we couldn't have accounted for and would put us significantly above the 50%. Plus with players on 2-3 year contracts, we could end up stuck with high earners in the conference with a significantly lower income.

So how would a handout from an owner not breach the FFP rules?

Quoted from KingstonMariner

So how would a handout from an owner not breach the FFP rules?

If you read through the EFL rules on FFP or whatever they call it, owner donations are eligible for 100% going towards the playing budget, it's 50% of transfers, ticket sales, merchandise etc. Andy Holt also mentioned that there's a box owners can tick to say they won't abide by these rules and will self fund the club.

Quoted from pen penfras

He admits that we currently don't need these extra funds, but also goes on to explain how much we lost when we got relegated last time, which is nearly double what he said he's looking for in terms of proof of funds for a rainy day. The EFL requirement is that we only spend 50% of qualifying income, but a bad run and crowds could easily drop to 3000 which would be a huge drop in income that we couldn't have accounted for and would put us significantly above the 50%. Plus with players on 2-3 year contracts, we could end up stuck with high earners in the conference with a significantly lower income.

In this day and age, I can't imagine any responsible owner of a football club would sign players in any division on two or three year contracts without a relegation clause that significantly reduced the salaries and an option for either party to cancel the contract and the player look elsewhere. Surely they wouldn't have had their eyes shut seeing what has happened to Leeds, Sunderland, Bolton, Coventry and many others upon relegation from the Premier League over the past couple of decades? Different levels of cash but exactly the same principle..

Quoted from pen penfras

Andy Holt also mentioned that there's a box owners can tick to say they won't abide by these rules and will self fund the club.

Wonder if the Bury owners ticked that box! :-/

Quoted from pen penfras

If you read through the EFL rules on FFP or whatever they call it, owner donations are eligible for 100% going towards the playing budget, it's 50% of transfers, ticket sales, merchandise etc. Andy Holt also mentioned that there's a box owners can tick to say they won't abide by these rules and will self fund the club.

I did not realise that an owner's donations can go towards the playing budget. Makes a mockery of FFP. Have we ticked the box to say we won't follow the 'rules' (not really rules if they're voluntary)?

So, getting back to what your mate is asking of Shutes. If I recall correctly, JSF's guarantee is about £325,000. And relegation from the League would cost us twice that, that's still a significant uncovered risk with the current regime. If JSF is bought out (including his benign loans), then we're already £200k better off each year through (which the rate we've been repaying the loans). So we'd only need a guarantee of £125,000 to match the current guarantees.

Quoted from KingstonMariner

MD, I’m not aware of ANY calls for the team not to do their talking on the pitch, are you?!

So would any of the red crossers care to point out where people have called for the team to not do their talking on the pitch?

Quoted from KingstonMariner

I did not realise that an owner's donations can go towards the playing budget. Makes a mockery of FFP. Have we ticked the box to say we won't follow the 'rules' (not really rules if they're voluntary)?

So, getting back to what your mate is asking of Shutes. If I recall correctly, JSF's guarantee is about £325,000. And relegation from the League would cost us twice that, that's still a significant uncovered risk with the current regime. If JSF is bought out (including his benign loans), then we're already £200k better off each year through (which the rate we've been repaying the loans). So we'd only need a guarantee of £125,000 to match the current guarantees.

I did not realise that either. Fenty just mentioned income, which I took to be gate receipts and sponsorship etc. That makes fenty more culpable then, because he could have invested a bit more of his own money to get better players -enough to keep us from non league at the time - and enough to get us closer to the top end of league 2 instead of hoping for football fortune.

Quoted from Rob_in_Grimsby

Yay another Fenty bashing thread

I'm not a big fan of him myself but yeah.

Same people attacking-same people defending. Plenty of attackers-need some more defenders in this team-bit lopsided but evening itself out lately.

Just listened, good interview; no bunkering down and attacking fans, a token 'could have done better' and seemed very honest and inciteful.

People say why should he have to, but for me it goes a long way as the lessening of the ego makes for a better custodian.

Get the feeling he'd do a good job for the EFL as an oversee-er of all clubs living within their means. But of course local is where his passion lies.

Some wacky Fenty cliché bingo going on, think he's got his own unique book of self-made ones to keep us from guessing too easily...

My favourite is that Freemo Stadium 'well on the chopping block' for the needed council help. Apparently that a good thing, maybe that council would chop into the idea in finer detail but I'd have thought anything on the chopping block about to hacked to pieces would be judged as a negative. 🤔😅

Got me a good 'un there John 😂

Quoted from KingstonMariner

I did not realise that an owner's donations can go towards the playing budget. Makes a mockery of FFP. Have we ticked the box to say we won't follow the 'rules' (not really rules if they're voluntary)?

So, getting back to what your mate is asking of Shutes. If I recall correctly, JSF's guarantee is about £325,000. And relegation from the League would cost us twice that, that's still a significant uncovered risk with the current regime. If JSF is bought out (including his benign loans), then we're already £200k better off each year through (which the rate we've been repaying the loans). So we'd only need a guarantee of £125,000 to match the current guarantees.

Could someone " in the know " explain exactly what this guarantee is ? Is it an assurity that if there is a shortfall of cash to cover day to day running expenses then the guarantor will cover that?

Quoted from Madeleymariner

I assume so

Then if it has to be used is it classed as a loan or a gift?

Quoted from rancido

Then if it has to be used is it classed as a loan or a gift?

It’s not clear from the accounts which. I’d speculate going by the past, that it’ll be a loan. Maybe someone would care to put our facts right.

The bank will ask for security for a loan or overdraft depending on the size of it so it could be a guarantee against either or both.

If the loan is paid off or the overdraft is removed then depending on the terms and conditions of the guarantee, it will will either die on the ending of the facility, or it could stay in place in case another facility was needed in the future. This does not guarantee you would get the facility in the future, but it makes it quicker and easier to get in place assuming it is still acceptable

Bury supporters should have hired you Posh Harry-they would have been playing this week.

Quoted from Posh Harry

The bank will ask for security for a loan or overdraft depending on the size of it so it could be a guarantee against either or both.

If the loan is paid off or the overdraft is removed then depending on the terms and conditions of the guarantee, it will will either die on the ending of the facility, or it could stay in place in case another facility was needed in the future. This does not guarantee you would get the facility in the future, but it makes it quicker and easier to get in place assuming it is still acceptable

Does that mean that whoever " owns " the club would still have to have that guarantee in place? So if Shute became the new owner there would still be a guarantee in place and for the same amount?

A stat that I certainly wasn’t aware of was that Scunthorpe have lost an average 50 grand a week for 5 years under the Swanns. Whatever Mr Fenty has done pales into insignificance in comparison.

Has swan covered it with loans or gifts? If he has gifted it then not a problem, unless he walks away and they are left with contracts they can't afford. Scunny are listed in mail on Sunday as one of 5 club's that could be in big financial trouble apparently. Haha haha!

£13000000 in 5years-we have been very lucky to have someone who when he does eventually go will not leave the club in financial shite street

Quoted from rancido

Does that mean that whoever " owns " the club would still have to have that guarantee in place? So if Shute became the new owner there would still be a guarantee in place and for the same amount?

No. I think it a personal guarantee therefore it cannot automatically pass to a new person whomever that may be. They can set up a new one but a personal guarantee cannot be passed from person to person.

Quoted from toontown

Has swan covered it with loans or gifts? If he has gifted it then not a problem, unless he walks away and they are left with contracts they can't afford. Scunny are listed in mail on Sunday as one of 5 club's that could be in big financial trouble apparently. Haha haha!

Swanns also using his Blackpool hotel to put money into scunny by the back door by sponsoring the ground with the name Sands View Hotel, when has anybody in Scunthorpe viewed anything but the steelworks.