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Takeover !!!

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Yoda
January 31, 2021, 6:02pm
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Well i have bought more than a toaster Kris you condescending prat.
These are smart business men they negotiated the take over when we where higher up the league.
We now look certainties for relegation so are we still worth over 2.5 million i would suggest not.
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Northbank Mariner
January 31, 2021, 6:11pm
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Yoda, they knew there was a chance of relegation and agreed a price to buy Fenty out.
The sticking point was the repayment of JFs loans, JF wanted the £1.5m up front but originally they wanted to pay that back over 3 years "if" we got relegated
In the end the consortium agreed to JFs terms, so whether we are an EFL club or a N/L club next season they are prepared to pay £2.5m for the club.
6-8 weeks is a minimum term to dot the Is and cross the Ts, patience is the key, not endless threads about it.
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aldi_01
January 31, 2021, 6:15pm

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Being relegation fodder in league 2 or being in the conference is unlikely to make little difference to the value of the club...

We’re a two bit outfit; they knew that before they wanted to buy us...


'the poor and the needy are selfish and greedy'...well done Mozza
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gtfcmd
January 31, 2021, 6:16pm

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big party in cleethorpes when it happens
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HertsGTFC
January 31, 2021, 6:21pm

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Quoted from gtfcmd
big party in cleethorpes when it happens


Socially distanced of course 😉


"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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golfer
January 31, 2021, 6:34pm
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I don't understand why astute successful businessmen would be paying that amount unless " there is gold in them there hills " but I can't see where.
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123614
January 31, 2021, 8:03pm
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Quoted from golfer
I don't understand why astute successful businessmen would be paying that amount unless " there is gold in them there hills " but I can't see where.


You do realise that it's not just GTFC they are investing in?

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Sandford1981
January 31, 2021, 8:16pm
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Quoted from Yoda
It’s all gone very quiet.
Everything was agreed re the fenty money.
So it should be a quick deal.

Are they having second thoughts let’s face it 2 million for a conference team is a ludicrous sum of money.


You expected a deal involving fenty to be quick and straight forward???


“I know writers who use subtext and they’re all cowards.” –Garth Marenghi
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WayneBurnettsJockstrap
January 31, 2021, 10:17pm

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Quoted from 123614
You do realise that it's not just GTFC they are investing in?


Correct. They are using GTFC as an investment in order to use the club as leverage to invest in the Town.
If their idea of building a new ground et al on the Docks, it won't JUST be a state of the art ground, but probably leisure facilities and more likely retail too.

Never depend on a single income, make an investment to create a second source.
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monkeyboy
February 1, 2021, 8:04am
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Wonder if Mike Parker is part of this also? lets face it he still has substantial shares and in my opinion he is owed by Fenty and the trust.
If i was him i would be sniffing around to make sure alls above board, after all he is still a fan also but with a vested interest.
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