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Holloway on the local Bristol newspaper

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friskneymariner
January 1, 2021, 8:47pm

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Quoted from Fillipe Noche


And how does one bring offshore money legitimately back into a British corporation without then revealing that money?


Believe me  there are numerous businesses on the East Coast that have been brought with and used to launder drug money from various parts of the country.


Give a man a fish and you feed him for a day,teach a man to fish and you give him an excuse for him to escape from the wife and kids for the weekend and drink lots of beer.
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KingstonMariner
January 1, 2021, 8:47pm
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Alliterative arithmetic

Fenty = Fraudster’s friend
Felipe = fraudster’s friend
Fenty + Felipe = failure
Felipe = nincompoop


Through the door there came familiar laughter,
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Oh my friend we're older but no wiser,
For in our hearts the dreams are still the same.
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GollyGTFC
January 1, 2021, 8:47pm

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Quoted from Fillipe Noche


I’d have no problem at all with John Fenty. From the point of view of him being a safe pair of hands, financially the club was and is safe. Yes we have to ride the waves highs and lows, and in a football sense I appreciate the lows are more prevalent. But that really isn’t intentional and I don’t think he can be accused of not trying. Let’s face it, everyone (mostly) thought he’d played a blinder when Holloway had arrived.

He’s worked incredibly hard to try and deliver on the stadium. Prior to Covid setting this back yet again, the Freeman Street prospects look or looked promising.

So in summary I had no problems with John.

In terms of the consortium. I have no problem with them if they are going to support equally as well financially, or better.

Their approach to the John Fenty loans intrigue me though. Do they not have the personal wealth to pay those off on day one? Which would give me a lot of confidence in them. To me it smacks of them buying us, but still needing JF



You're joking? Fenty was nowhere near delivering a new stadium. He had given up and was resorting to the hope that the council will build (and fund) it for him.
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jamesgtfc
January 1, 2021, 8:48pm
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Quoted from Fillipe Noche


Is your preference that revenue from player sales goes towards paying off loans rather than being used to increase the budget or strengthen via permitted income in terms of salary cap etc?



Like I said I'm sure they have a plan. The installments give them some security if anything untoward is going on. I'm guessing as part of the takeover negotiations they may have gone through the books in depth but I really don't know.

John is getting a good deal because at the average rate of repayment over the last 5 years he wouldn't have his loan back until 2032.

Be interesting to see in the accounts next year what he's done with the shares he was "gifted" too.
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KingstonMariner
January 1, 2021, 8:49pm
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Well said James. About time he gave them back.


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For in our hearts the dreams are still the same.
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KingstonMariner
January 1, 2021, 8:50pm
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PS I’d be very disappointed if the consortium let Fenty anywhere near the boardroom. He’s tainted.


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Gaffer58
January 1, 2021, 8:55pm
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Back to Mr May and his or someone he was working for investment of £1 million. You invest to reap a reward/ dividend/ profit at a later date, so I can only assume this reward etc would have been from the development of the new stadium, this is my concern that hopefully those at the top are there because they want a successful football team and not what they can make out of it personally.
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MuddyWaters
January 1, 2021, 8:56pm
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I’m quite amazed that, bearing in mind the club has 2.8 million accumulated losses and a creditors column of 2.3 million, anyone would expect the person who built up those figures to get paid up in full.
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It Bites
January 1, 2021, 8:58pm
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How would the club's sponsors reacted to the owners getting involved with a convicted fraudster ? Asking for a friend 😍😍😍❤️❤️❤️
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friskneymariner
January 1, 2021, 8:59pm

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Quoted from Fillipe Noche
People also seem to have missed the terminology Mr May used in terms of the investment.

He was at pains to point out that he looks after investments on behalf of others. In a sense like a broker or a driver for investors.

Was it his own money he was investing? Or was he in the business of placing investments on behalf of others ?


Think in this case there is very little difference between his own money and other peoples.


Give a man a fish and you feed him for a day,teach a man to fish and you give him an excuse for him to escape from the wife and kids for the weekend and drink lots of beer.
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