It's finally happening...

Looks like Mr Shutes was indeed a tyre kicker, shithouse move from him

Quoted from Grantham_Mariner

Statement From The Club, Jason Stockwood & Andrew Pettit
Just now



Keep the faith.

Jason added “Like Philip, we are terribly disappointed by Tom’s decision. We are hopeful however that a solution can be found and will continue our discussions with the Club”.

That comment worries me as to how long will they look for a solution and does that mean they cannot move forward as just the two of them?

Quoted from pontoonlew

Looks like Mr Shutes was indeed a tyre kicker, shithouse move from him

Depends on the personal reasons, doesn’t it? I’m sure he wouldn’t have come so far through the process with the intention of walking away at the last moment.

A message from JF from the OS


Dear Fans.

I was rather hoping to write to you today to share with you the completion of the sale of my shares in the club and pass on my many thanks to all that have assisted me in my capacity as principal funder of the football club and particularly our great fans for sticking with the club through thick and thin like true Mariners.

Instead, I’m sorry to report that once again Mr Shutes has fallen short of honouring his part of an agreement and has withdrawn from the consortium.

Notwithstanding that and all of the disruption his divisive public approach in demanding a takeover of our great football club, I am working with club and the remaining consortium members positively to try to find a way forward.

I would please ask for patience at this important time and a truce from the abuse and misinformation, largely on social media, aimed towards me, including telephone death threats and the like which I believe are both unwarranted and undeserved. Someone’s untruths become the next person's truths and further whip up the nasty frenzy. Legitimate criticism is always acceptable but vile abuse and the threats mentioned above are never acceptable.

Please rest assured that, whatever the outcome, the board of directors will as always act in the best interests of the club.

In the meantime, let’s be as positive and give Paul and the players our focused support for the remaining games of the season. They need our combined support more than ever.

Kind regards and best wishes

John

UTM

Quoted from DB

Do you know if this would affect the EFL approval, given that there are only 2 now?

It shouldn’t do but that depends on if a third party emerges to replace Mr Shutes.

Quoted from davmariner

It shouldn’t do but that depends on if a third party emerges to replace Mr Shutes.

that a hint or a guess dev?  they have kept Mike Parker in the loop, and previously mentioned that  they'd be bringing new investors in

ps safe to say that Fenty and shutes aren't besties!

Quoted from davmariner

It shouldn’t do but that depends on if a third party emerges to replace Mr Shutes.

If the remaining members could still purchase the club, couldn't they appoint another "Director" at a later date?  If so that wouldn't need EFL approval?

Quoted from MarshMariner

If the remaining members could still purchase the club, couldn't they appoint another "Director" at a later date?  If so that wouldn't need EFL approval?

We all seem to be thinking about money for the purchase, but who was going to do what job in the new setup. The 3 of them must have decided who takes responsibility for what, and now the 3rd role has to be split between the remaining 2.

The other thing that has not been mentioned is a new stadium. I believe it was Shutes who want the docks site, so where does it leave the location of the new stadium? if there is now to be a new stadium.

Quoted from forza ivano

that a hint or a guess dev?  they have kept Mike Parker in the loop, and previously mentioned that  they'd be bringing new investors in

ps safe to say that Fenty and shutes aren't besties!

No hints, whether things have to go through the EFL channel again depends on what is agreed and who it is agreed it with. But hypothetically, my understanding is that if Pettit and Stockwood were to proceed as a duo, there would be no need to go through the EFL process again.

My view is that it perhaps there’s an element of truth to what Fenty says about Shutes. Doesn’t change the fact that he himself has been useless at running the club.

Why is everything about this club so painful and protracted?

Nothing ever moves forward smoothly.