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Jason Stockwood on Radio Humberside Weds evening

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ex-merseymariner
August 24, 2021, 4:49pm

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Another example of transparency and another reason to join Twitter, to ask questions.  Or you could just phone Radio Humbs around 6pm tomorrow:

'Get your questions in for Chair  @jstockwood, who will be joining @HumbersideSport tomorrow evening.
#GTFC'

This is being promoted on twitter by the club and the radio station this afternoon.


#newera;   New owners, new approach;  'we bought Grimsby Town to help renew the place we love'  
Join the Trust, get involved: UP THE MARINERS!  
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headingly_mariner
August 24, 2021, 4:57pm

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Could be good.

The cynic in me feels we might get a bit of good news in the run up to it.
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exiledmeggie
August 24, 2021, 5:06pm
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The future is getting clearer.


Living in Exile since 1980, but still have Black and White blood!
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Les Brechin
August 24, 2021, 5:09pm

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Quoted from headingly_mariner
Could be good.

The cynic in me feels we might get a bit of good news in the run up to it.


He might have John Akinde with him.  

Then again he might not!


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Limerick Mariner
August 24, 2021, 5:53pm
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Quoted from headingly_mariner
Could be good.

The cynic in me feels we might get a bit of good news in the run up to it.


That would be skillful and slick PR - a potential first for GTFC this century...

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Civvy at last
August 24, 2021, 5:58pm

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Do you suppose him and Hurst could be about to ‘ambush’ Matt Dean ? 😉


The wife was going away for a girly weekend.
I jokingly remarked  'I don't know whether to spend it watching porn or watching football'
'you may as well spend it watching porn' she replied
That's understanding darling what makes you say that? I asked

She said 'Well you already know how to play football'  
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moosey_club
August 24, 2021, 7:43pm
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Quoted from Les Brechin


He might have John Akinde with him.  

Then again he might not!


Have just walked into Millfields carrying  my Maccies and asked at reception for Mr Akinde as I had a deliveroo order ......

No guests in that name.....


2023/24 DLWDDWDLLLWDLLLLWDDDWDLLWLDLLDWDDWLLDWLWLWL but not NLN 😁
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2020/21  LLDWWLDLDWLWLLLDLWLLDLLDLLLWLLLDDDDWDDDLWLWLWL .. hello darkness my old friend
2019/20  WDLDWWLDLWWLLLDLDLDLDDWWDLLWDDWWL WLLW - ended
2018/19  LWDDLLLLLLWWDWLLLWDWLWWWWLLLLWWWWDLLLDDLLDLWLW Hello Scunny  
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KingstonMariner
August 24, 2021, 9:40pm
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Quoted from moosey_club


Have just walked into Millfields carrying  my Maccies and asked at reception for Mr Akinde as I had a deliveroo order ......

No guests in that name.....


Great work Agent Moose


Through the door there came familiar laughter,
I saw your face and heard you call my name.
Oh my friend we're older but no wiser,
For in our hearts the dreams are still the same.
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jamesgtfc
August 24, 2021, 10:12pm
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Quoted from moosey_club


Have just walked into Millfields carrying  my Maccies and asked at reception for Mr Akinde as I had a deliveroo order ......

No guests in that name.....


I hope Mr Akinde (Pen) got his McDonalds in the end.
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chipsandgravy
August 25, 2021, 6:50pm
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My view on the phone in tonight.

1. Were lucky to have the new regime in.
2. Bogle and Akinde not on the radar so thank f**k that's put to bed.
3. Money from Gist/Dembele etc goes to pay off Fenty's loan as agreed
4.. Gwilym Lloyd should be put out to grass.
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ex-merseymariner
August 25, 2021, 7:03pm

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Quoted from chipsandgravy
My view on the phone in tonight.

1. Were lucky to have the new regime in.
2. Bogle and Akinde not on the radar so thank f**k that's put to bed.
3. Money from Gist/Dembele etc goes to pay off Fenty's loan as agreed
4.. Gwilym Lloyd should be put out to grass.


Can't disagree with those points.

So refreshing to have those who are responsible for the club is run give an open, friendly, chatty yet professional interview.

A recommended listen for those without or with twitter or facebook
  


#newera;   New owners, new approach;  'we bought Grimsby Town to help renew the place we love'  
Join the Trust, get involved: UP THE MARINERS!  
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promotion plaice
August 25, 2021, 7:21pm

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Missed it...anyone got a link please?


When Leeds trainer Les Cocker was once told Norman Hunter had broken a leg, he asked: “Whose is it?”
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Sigone
August 25, 2021, 7:33pm
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Quoted from promotion plaice

Missed it...anyone got a link please?


https://www.bbc.co.uk/sounds/play/p09r63ym
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promotion plaice
August 25, 2021, 7:34pm

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Quoted from Sigone

Thanks  

(starts around 6 minutes in)


When Leeds trainer Les Cocker was once told Norman Hunter had broken a leg, he asked: “Whose is it?”
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Roast Em Bobby
August 25, 2021, 8:52pm
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Some of those questions were ridiculous, my two favourites: Why don't you get Giles Coke doing some admin in the office? Why doesn't PH use his relationship with Mark Robins at Coventry to get some players in?  
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jamesgtfc
August 25, 2021, 8:54pm
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Quoted from Roast Em Bobby
Some of those questions were ridiculous, my two favourites: Why don't you get Giles Coke doing some admin in the office? Why doesn't PH use his relationship with Mark Robins at Coventry to get some players in?  


The question was actually "what do you think of Giles Cokes new admin duties?" A reference to him announcing Hunt the other week.

I think the question about lack of preparation was very harsh though.
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Mikey_345
August 25, 2021, 8:55pm
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Quoted from Roast Em Bobby
Some of those questions were ridiculous, my two favourites: Why don't you get Giles Coke doing some admin in the office? Why doesn't PH use his relationship with Mark Robins at Coventry to get some players in?  


The admin thing was quite clearly a joke re Coke unveiling Hunt from Sheff Weds on Twitter by accident…


All Town aren’t we

@GTFCLondon

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jamesgtfc
August 25, 2021, 8:58pm
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I like that Jason won't be answering questions and having discussions with anonymous people. If Mr Noche, Penfras or Facts Right have any pressing questions for the board, they will be very disappointed.
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forza ivano
August 25, 2021, 9:05pm

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£160,000 for Grist, that's not been a bad bit of business
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promotion plaice
August 25, 2021, 9:37pm

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Free scarves for the first fans entering the ground on Saturday  

Did I really hear a couple of thousand mentioned?


When Leeds trainer Les Cocker was once told Norman Hunter had broken a leg, he asked: “Whose is it?”
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Mikey_345
August 25, 2021, 10:10pm
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John Shelton Fenty, ladies and gents, the gift that keeps on giving. Every penny earned from transfers has to repay his loans before can be invested into the club?

Wouldn’t mind if his “benign” loans had gone toward paying for improvements or to progress the club, but they didn’t. They paid for his own fck ups!

One would have thought if he was the fan he said he was a three year payback plan would have been enough. The 200k from the trust shares not tide him over for long enough?


All Town aren’t we

@GTFCLondon

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KingstonMariner
August 25, 2021, 10:16pm
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Quoted from Mikey_345
John Shelton Fenty, ladies and gents, the gift that keeps on giving. Every penny has to repay his loans before can be invested into the club?

Wouldn’t mind if his “benign” loans had gone toward paying for improvements or to progress the club, but they didn’t. They paid for his own fck ups!

One would have thought if he was the fan he said he was a three year payback plan would have been enough. The 200k from the trust shares not tide him over for long enough?


Clearly the guy’s a c
unt


Through the door there came familiar laughter,
I saw your face and heard you call my name.
Oh my friend we're older but no wiser,
For in our hearts the dreams are still the same.
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MuddyWaters
August 25, 2021, 10:25pm
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Even with Fenty gone, we’ve still got the handbrake on. No wonder Jason had six weeks of sleepless nights.
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moosey_club
August 25, 2021, 10:29pm
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Quoted from KingstonMariner


Clearly the guy’s a c
unt


And seemingly a very good negotiator if that was in his deal.


Hope we make loads of money as soon as possible if that is what it takes to rid him forever. Man Utd away in the fa cup anyone ?



2023/24 DLWDDWDLLLWDLLLLWDDDWDLLWLDLLDWDDWLLDWLWLWL but not NLN 😁
2022/23LDWDWWDWLLDWWDLLLDLWLLWLWLLWDDLDWWDDDLLWDWLWLW
2021/22 WDWWWWDLWWWWLLLWLLDLWLLWWDWWWLWDLWWDWWWDLWD play offs WWW Promoted 🥳
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2019/20  WDLDWWLDLWWLLLDLDLDLDDWWDLLWDDWWL WLLW - ended
2018/19  LWDDLLLLLLWWDWLLLWDWLWWWWLLLLWWWWDLLLDDLLDLWLW Hello Scunny  
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Chrisblor
August 25, 2021, 10:33pm

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Fenty still dragging the club down even though he's meant to have copulated off, brilliant, thanks for that John.


gary jones
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mariner91
August 25, 2021, 10:42pm
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Quoted from Mikey_345
John Shelton Fenty, ladies and gents, the gift that keeps on giving. Every penny has to repay his loans before can be invested into the club?

Wouldn’t mind if his “benign” loans had gone toward paying for improvements or to progress the club, but they didn’t. They paid for his own fck ups!

One would have thought if he was the fan he said he was a three year payback plan would have been enough. The 200k from the trust shares not tide him over for long enough?


Is that every penny from transfer fees has to go to him instead of being reinvested? He really is a nob isn't he? Such a spiteful little man. So much for being a genuine fan like his supporters claimed.
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aldi_01
August 25, 2021, 10:49pm

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John Fenty…Grimsby Town fan through and through…never a penny in, plenty out…

Blokes a flipping disgrace…


'the poor and the needy are selfish and greedy'...well done Mozza
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Mikey_345
August 25, 2021, 10:49pm
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Quoted from mariner91


Is that every penny from transfer fees has to go to him instead of being reinvested? He really is a nob isn't he? Such a spiteful little man. So much for being a genuine fan like his supporters claimed.


Yep, according to JS earlier. Think he mentioned they tried to negotiate it but it was a red line for Fenty.

Even when he’s not here he has the ability to screw us over…


All Town aren’t we

@GTFCLondon

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mariner91
August 25, 2021, 10:52pm
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Quoted from Mikey_345


Yep, according to JS earlier. Think he mentioned they tried to negotiate it but it was a red line for Fenty.

Even when he’s not here he has the ability to screw us over…


Unbelievable. Imagine being so bad at being the club's custodian that you're still making things worse even when you've left.
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KingstonMariner
August 25, 2021, 11:06pm
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Quoted from moosey_club


And seemingly a very good negotiator if that was in his deal.


Hope we make loads of money as soon as possible if that is what it takes to rid him forever. Man Utd away in the fa cup anyone ?



Good negotiation if all he’s interested in is his own pocket. Poor negotiating if he also wants to see Grimsby Town succeed and protect his own reputation.

It would have been possible to cover all bases if he had the right outlook. Agree to the repayment over a set number of years, that could have been accelerated if certain thresholds were reached in what Fenty liked to call ‘football fortune’. And if he didn’t want to grab as much money as possible as quickly as possible, there would have been more chance for ‘football fortune’. Result, everyone’s a winner, he gets his money over longer period, but he gets it, Town are given more chance to succeed, he comes out of it not smelling like a little sh it.


Through the door there came familiar laughter,
I saw your face and heard you call my name.
Oh my friend we're older but no wiser,
For in our hearts the dreams are still the same.
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KingstonMariner
August 25, 2021, 11:16pm
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£250k for Pollock
£160k for Grist
Potentially £500k for Dembele.

£900k of transfer fees all going to you know who. Nothing to the transfer kitty.

Hope you and your wallet are very happy together Mr Fenty.


Through the door there came familiar laughter,
I saw your face and heard you call my name.
Oh my friend we're older but no wiser,
For in our hearts the dreams are still the same.
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Total Hawsehole
August 25, 2021, 11:19pm
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It would be an irony if an onanist stops us getting Jizz.
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arryarryarry
August 26, 2021, 1:56am
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Quoted from KingstonMariner
£250k for Pollock
£160k for Grist
Potentially £500k for Dembele.

£900k of transfer fees all going to you know who. Nothing to the transfer kitty.

Hope you and your wallet are very happy together Mr Fenty.


I didn't listen to it all but I got that JS didn't think that paying the loan back was a problem and personally the sooner it is paid off the better for GTFC and JF will then be gone for good.
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DB
August 26, 2021, 6:13am
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After the 5th May, I thought Fenty was in the past and we now find he still has his hand in the till.


You can please some of the forumites some of the time but not all the forumites all of the time
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jimgtfc
August 26, 2021, 6:22am
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I see a few red crossers are out for the anti Fenty posts. Care to offer an opinion? A debate? Reasoned argument perhaps?

My initial reaction to hearing where any potential profit was going was obviously anger and disappointment, but now I think I’m actually ok with it if it gets that ball and chain detached from the clubs ankle a bit quicker.


"Falls to Arnold... Arnold! That's it! Thats it! He's sealed it! Grimsby Town are back in the football league!!! Just a minute to go and Nathan Arnold makes it 3-1! Look at the scenes behind the goal! Look at the relief! The agony is finally over!!!"

John Tondeur - Wembley Stadium Sunday 15th May 2016
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pontoonlew
August 26, 2021, 7:07am
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Whilst it’s obviously disgraceful that Fenty gets money out of this, we’re running over old ground and we knew this was happening beforehand.

Paying him off early means future playing budgets will benefit, we’re not going to just ‘not see’ the transfer fees, it just means we’ll see the benefit of them slightly later on and we’ll be rid of Fenty quicker.
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aldi_01
August 26, 2021, 7:36am

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Quoted from jimgtfc
I see a few red crossers are out for the anti Fenty posts. Care to offer an opinion? A debate? Reasoned argument perhaps?

My initial reaction to hearing where any potential profit was going was obviously anger and disappointment, but now I think I’m actually ok with it if it gets that ball and chain detached from the clubs ankle a bit quicker.


Those who are seemingly Pro Fenty or against change can never put an argument forward aside from merely an ooonion whereas the anti Fenty folk have a plethora of facts proving the bloke was a flipping girl private


'the poor and the needy are selfish and greedy'...well done Mozza
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toontown
August 26, 2021, 7:47am
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Fenty really is a financial vampire on the club isn't he. Anybody know the total amount of money we need to be rid of him?

Obviously we are £410k closer to that thanks to pollock and grist, although in pillocks case as its a transfer fee rather  than compensation won't the player be entitled to 5% of that (is that still how it works?)
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EvilFish
August 26, 2021, 7:49am
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Worth pointing out that most of it will actually go via Fenty to HMRC. Hence the urgency needed, from Fenty's point of view...
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aldi_01
August 26, 2021, 7:57am

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Quoted from EvilFish
Worth pointing out that most of it will actually go via Fenty to HMRC. Hence the urgency needed, from Fenty's point of view...


Hasn’t our beloved John got an ongoing issue with his chums the taxmen? Not so honest after all…


'the poor and the needy are selfish and greedy'...well done Mozza
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WOZOFGRIMSBY
August 26, 2021, 8:04am

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I personally think I’d rather the £££ went to him so that his ‘football legacy’ can be a thing of the past. We’ve all heard (rumours) about his dealings with players and fans alike so let’s just be glad and thankful that, although a league below, we are on a stronger footing than this time last year. I look forward to listening to the interview later and by the sounds of it, how transparent it is.

Now, can we go back to speculating about jizz or something!


Rose is on fire

And your scotch eggs are fu(king vile
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Mariner_501
August 26, 2021, 8:25am
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I can’t believe Fenty is still able to live in this Town with the pain he has caused thousands.
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LH
August 26, 2021, 8:34am

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Quoted from pontoonlew
Whilst it’s obviously disgraceful that Fenty gets money out of this, we’re running over old ground and we knew this was happening beforehand.

Paying him off early means future playing budgets will benefit, we’re not going to just ‘not see’ the transfer fees, it just means we’ll see the benefit of them slightly later on and we’ll be rid of Fenty quicker.


True but how often have we had 3 seperate transfers make an amount like this in such quick succession? Last one was Bogle I suppose but rare prior to that. He never has and never did love the club as much as he said.
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aldi_01
August 26, 2021, 8:35am

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Quoted from LH


True but how often have we had 3 seperate transfers make an amount like this in such quick succession? Last one was Bogle I suppose but rare prior to that. He never has and never did love the club as much as he said.


We all know where the Bogle money went too…


'the poor and the needy are selfish and greedy'...well done Mozza
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Mikey_345
August 26, 2021, 8:55am
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I get and understand the argument about getting him off our backs sooner rather than later. However the fact 100% of all our transfer revenue, be that new transfers or add ons being triggered, just doesn't sit right with me.

Would be totally fine with a percentage because, say what you like, he has "benign" money in the club which needs to be repaid which is fair enough. That would at least allow us to reinvest a proposition of our earnings back into the club, to improve things like the youth team, the facilities and playing squad - things which were neglected under JF. Which then allows us to better secure our sustainability in the medium to long term.

However, now its up to JS, AP & and ourselves (tickets etc) to pay for his mistakes. Over the years we have dipped in our pockets time and time again to support things like (but not exclusively) the youth team as funding was lost in non league and the non chairman wasn't able or willing to fully fund it. Two products of that youth team in Pollock and Grist get Premier League moves and who get's that cash....John Fenty.



All Town aren’t we

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monkeyboy
August 26, 2021, 9:04am
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Maybe we should have a countdown thread on here counting down every penny till he’s properly gone then have a fundraiser in celebration.
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Rodley Mariner
August 26, 2021, 9:14am
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benign
/bɪˈnʌɪn/

adjective
1.
gentle and kindly.
"his benign but firm manner"
Similar:
kindly
kind
warm-hearted
good-natured
friendly
warm
affectionate
agreeable
amiable
good-humoured
genial
congenial
cordial
approachable
tender
tender-hearted
soft-hearted
gentle
sympathetic
compassionate
caring
considerate
thoughtful
helpful
well disposed
obliging
accommodating
generous
big-hearted
unselfish
benevolent
gracious
liberal
indulgent
benignant
Opposite:
unfriendly
hostile
2.
MEDICINE
not harmful in effect.
"a benign condition"
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ginnywings
August 26, 2021, 9:16am

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Some people just love money above all else. Fills a void.

Like it or not, that's the deal that was agreed to wrest the club away from him and as painful as it is to see transfer fees going out of the club to pay off the previous custodian, it's all leading to the day when he no longer has any kind of hold on the club.

The sooner he is paid off the better, no matter how much it rankles. I hope he's happy counting his cash.
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NorthseaMariner
August 26, 2021, 9:19am
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So did JS & AP just take the club off Fenty’s hands for no fee, with the agreement he would get his money back when we can pay him?

I obviously, incorrectly assumed they had a paid the debt off to him.

I’m still pleased he’s gone, but naively disappointed we’re still in debt, all be it with better owners
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Mikey_345
August 26, 2021, 9:27am
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Quoted from NorthseaMariner
So did JS & AP just take the club off Fenty’s hands for no fee, with the agreement he would get his money back when we can pay him?

I obviously, incorrectly assumed they had a paid the debt off to him.

I’m still pleased he’s gone, but naively disappointed we’re still in debt, all be it with better owners


They bought his share capital which included the 200k worth of shares given by the trust. With an agreement to repay his loans within the club over a three year period i believe.


All Town aren’t we

@GTFCLondon

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KingstonMariner
August 26, 2021, 9:45am
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I get that people want to get him paid off and out of the picture quicker but he’s not involved in running the club any more and as I pointed out above, a win-win deal could have been done. This is causing real damage to our promotion challenge.


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Oh my friend we're older but no wiser,
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ska face
August 26, 2021, 9:53am

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Fair play to Stockwood, he’s a much better man than I am as I don’t think I’d have been able to speak about Fenty in quite such gracious terms.

When having to fend off questions about being underprepared or not being able to being in a striker, he was well within his rights to say that at least £410,000 has been immediately siphoned from the budget to pay off that parasitic illegitimate for his failings. That’s nearly £8k a week for this year. Four £2k a week players, or 2 on double that.

We all know Fenty would have done so, the girl private was still blaming ITV Digital as he walked out of the boardroom for the final time in May.
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HerveJosse
August 26, 2021, 9:56am
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The sale had to be approved by all shareholders who receive a circular setting out the deal and voted to approve it before it could go through.The circular stated Fenty’sloans would be paid in £500k annual instalments. The circular did not sale there was a contractual obligation to accelerate the loan payment if transfer fees were received. Surely that’s a material fact shareholders should have been made aware of when voting.
It wouldn’t have changed the result of the vote or my vote but as someone who has worked incorporate takeovers in my view that’s naughty. Transparency?
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louth_in_the_south
August 26, 2021, 10:07am

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So that’s the next 4 years budgets fu.cked then potentially unless we have a big transfer income which is unlikely?


Lower F5
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NorthseaMariner
August 26, 2021, 10:09am
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Thanks for the clarification guys.

I obviously had no idea how the deal worked.

Don’t know why you get red crossed for basically asking a question, but hey ho, we move on.
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pen penfras
August 26, 2021, 10:12am

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Quoted from ska face
Fair play to Stockwood, he’s a much better man than I am as I don’t think I’d have been able to speak about Fenty in quite such gracious terms.

When having to fend off questions about being underprepared or not being able to being in a striker, he was well within his rights to say that at least £410,000 has been immediately siphoned from the budget to pay off that parasitic illegitimate for his failings. That’s nearly £8k a week for this year. Four £2k a week players, or 2 on double that.

We all know Fenty would have done so, the girl private was still blaming ITV Digital as he walked out of the boardroom for the final time in May.


His reply basically says that they'll be doing the same, probably putting the money in as new shares, but expecting them to be paid back when they come to sell. If we hadn't sold those players, the loan still needed repaying and they'd have to have stumped up the money for it, no reason that can't still be the case if they're expecting success.

Clearly the culture has changed for the better and they're trying to make the popular moves, but in terms of playing budget we seem to be exactly where we have been for the last 20 years. Top 5-7 playing budget is underwhelming, although there are clearly some very big spenders this season.
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jamesgtfc
August 26, 2021, 10:21am
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Quoted from louth_in_the_south
So that’s the next 4 years budgets fu.cked then potentially unless we have a big transfer income which is unlikely?


It seems that at the worst case Fenty is due to get his £1.5m loans back evenly over 3 years. With the Grist and Pollock money we are now on track to pay him off one year early.

It would be great to choose how we spend it rather than have a contractual obligation but it is what it is.

It would be great if Dembele went for £5m this month so we could be rid of him completely.
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Manchester Mariner
August 26, 2021, 10:58am

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I used to think of Fenty as an absolutely abysmal football club chairman but at heart he was just a Town fan who wanted the best for the club and the town.

He's clearly just an absolutely abysmal football club chairman.


"Lovelly stuff! not my words but the words of Shakin Stevens."
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pontoonlew
August 26, 2021, 11:24am
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Quoted from louth_in_the_south
So that’s the next 4 years budgets fu.cked then potentially unless we have a big transfer income which is unlikely?


We’ll we’ve had a good year of sales this year which probably puts us 1-2 years ahead of that. This is the point we need to see, paying off Fenty had already been agreed and we can be as drunk off as we like but we cant do anything about it now.

We do need to remain positive about the transfer fees though, paying off Fenty was always budgeted for.
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Fillipe Noche
August 26, 2021, 11:30am
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Quoted from pen penfras


His reply basically says that they'll be doing the same, probably putting the money in as new shares, but expecting them to be paid back when they come to sell


Absolutely correct.

I never really get why anyone criticised John Fenty for expecting his money back. Unless you are a mega rich club owned by a Sheik or an Oligarch, then no sane business person would prop up a football business and not expect to get their money back at some stage.

Whether that be via share purchase or by loans.

Quite clear from the interview, that the day Andrew and Jason leave, they will want their money back out in some manner.

What makes me laugh is that these guys are still in the honeymoon. I have to say that like most, I’m pleased with the fresh start and the change in culture. But we haven’t kicked a ball yet. Let’s see what happens if or when we have a rough patch on the field. Then let’s see how supportive one or two are of our new owners. I certainly will be.

Not so sure about this Debbie person as new CEO. I may be wrong, but she strikes me that she likes to hog the limelight a bit. So the jury is still out for me on her

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Rodley Mariner
August 26, 2021, 11:38am
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Quoted from Fillipe Noche

Not so sure about this Debbie person as new CEO. I may be wrong, but she strikes me that she likes to hog the limelight a bit. So the jury is still out for me on her



I know. I hope if we get promoted she won't be leaping around like a fool on the pitch in front of the TV cameras to the clear embarrassment of the players.......
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Mikey_345
August 26, 2021, 11:39am
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Quoted from Fillipe Noche


Absolutely correct.

I never really get why anyone criticised John Fenty for expecting his money back. Unless you are a mega rich club owned by a Sheik or an Oligarch, then no sane business person would prop up a football business and not expect to get their money back at some stage.

Whether that be via share purchase or by loans.

Quite clear from the interview, that the day Andrew and Jason leave, they will want their money back out in some manner.

What makes me laugh is that these guys are still in the honeymoon. I have to say that like most, I’m pleased with the fresh start and the change in culture. But we haven’t kicked a ball yet. Let’s see what happens if or when we have a rough patch on the field. Then let’s see how supportive one or two are of our new owners. I certainly will be.

Not so sure about this Debbie person as new CEO. I may be wrong, but she strikes me that she likes to hog the limelight a bit. So the jury is still out for me on her



Key point here is “at some point”. Don’t see anyone arguing that point, so keep laughing Phil.

What is a bone of contention is the requirements to receive all transfer revenue, which removes the chance for it to be reinvested within the club now, this season when we’ve just dropped out of the Football league… for the second time under his stewardship.

This even though he has a three year commitment to pay the loans back and have received 200k for shares he didn’t buy… Why the rush?

Nice to see others paying off his own failures…

As for your comments about Debbie, at least she isn’t issuing midnight statements after a few glasses of Merlot!


All Town aren’t we

@GTFCLondon

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Hagrid
August 26, 2021, 11:40am

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Quoted from Fillipe Noche


Absolutely correct.

I never really get why anyone criticised John Fenty for expecting his money back. Unless you are a mega rich club owned by a Sheik or an Oligarch, then no sane business person would prop up a football business and not expect to get their money back at some stage.

Whether that be via share purchase or by loans.

Quite clear from the interview, that the day Andrew and Jason leave, they will want their money back out in some manner.

What makes me laugh is that these guys are still in the honeymoon. I have to say that like most, I’m pleased with the fresh start and the change in culture. But we haven’t kicked a ball yet. Let’s see what happens if or when we have a rough patch on the field. Then let’s see how supportive one or two are of our new owners. I certainly will be.

Not so sure about this Debbie person as new CEO. I may be wrong, but she strikes me that she likes to hog the limelight a bit. So the jury is still out for me on her




Unlike Honest John who sang songs on Wembley pitch, in the wrong tune, got carried around fans shoulders for keeping us 1 place above the relegation trapdoor, Put rambling statements out at ungodly hours, had water poured on him on the BP pitch, embarrassed himself in front of the Soccer AM cameras,

not used to someone hogging the limelight are we
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Son of Cod
August 26, 2021, 11:46am
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Best question of that was the one about Giles Coke doing some admin stuff around the club. Hearing reports that he's just learnt how to use pivot tables in Excel and really wants to find some way of utilising this to help out in the ticket office.
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KingstonMariner
August 26, 2021, 11:48am
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Quoted from Hagrid


Unlike Honest John who sang songs on Wembley pitch, in the wrong tune, got carried around fans shoulders for keeping us 1 place above the relegation trapdoor, Put rambling statements out at ungodly hours, had water poured on him on the BP pitch, embarrassed himself in front of the Soccer AM cameras,

not used to someone hogging the limelight are we


You forgot to add “what about the orange”


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I saw your face and heard you call my name.
Oh my friend we're older but no wiser,
For in our hearts the dreams are still the same.
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KingstonMariner
August 26, 2021, 11:49am
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Quoted from Fillipe Noche


Absolutely correct.

I never really get why anyone criticised John Fenty for expecting his money back. Unless you are a mega rich club owned by a Sheik or an Oligarch, then no sane business person would prop up a football business and not expect to get their money back at some stage.

Whether that be via share purchase or by loans.

Quite clear from the interview, that the day Andrew and Jason leave, they will want their money back out in some manner.

What makes me laugh is that these guys are still in the honeymoon. I have to say that like most, I’m pleased with the fresh start and the change in culture. But we haven’t kicked a ball yet. Let’s see what happens if or when we have a rough patch on the field. Then let’s see how supportive one or two are of our new owners. I certainly will be.

Not so sure about this Debbie person as new CEO. I may be wrong, but she strikes me that she likes to hog the limelight a bit. So the jury is still out for me on her



And what about the Trust getting its money back? He didn’t pay a penny for those shares.


Through the door there came familiar laughter,
I saw your face and heard you call my name.
Oh my friend we're older but no wiser,
For in our hearts the dreams are still the same.
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Son of Cod
August 26, 2021, 11:53am
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[img]https://i.imgflip.com/5kuwyp.jpg[/img]
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WOZOFGRIMSBY
August 26, 2021, 12:12pm

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Quoted from Fillipe Noche


then no sane business person would prop up a football business




At least you admit that your esteemed comprade isn’t the full whack


Rose is on fire

And your scotch eggs are fu(king vile
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exiledmeggie
August 26, 2021, 12:19pm
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So the quicker we rid the loan to a former shareholder, the better we will be?

Or do we pack the pack to do it quicker! That way, I do not think there would be much in the bucket that pays off the former shareholder!


Living in Exile since 1980, but still have Black and White blood!
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arryarryarry
August 26, 2021, 12:26pm
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Quoted from KingstonMariner


And what about the Trust getting its money back? He didn’t pay a penny for those shares.


And whose fault was that?
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MarinerMal
August 26, 2021, 12:50pm
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Quoted from arryarryarry


And whose fault was that?


So if a bully bullies someone it's the fault of the victim rather than the bully then?
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KingstonMariner
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Quoted from arryarryarry


And whose fault was that?


Well I blame (a) the leadership of the Trust at the time for putting it to the membership without recommending a rejection; (b) the members for giving in to blackmail; (c) the blackmailer.


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Fillipe Noche
August 26, 2021, 12:52pm
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Quoted from KingstonMariner


And what about the Trust getting its money back? He didn’t pay a penny for those shares.


That was a business decision made by the Trust, to part with those shares in return for JF increasing his support within the business

The Mariners Trust had absolutely no right at all to expect those shares to be returned to them at any stage in the future. If that was their expectations, then quite frankly they should have had that written into an agreement of some sort with JF.

I’ve been a long time member of the Trust. I was happy for the Trust to hand over the shares for the right reasons, and I never expected them back.
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Mikey_345
August 26, 2021, 12:55pm
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Quoted from Fillipe Noche


That was a business decision made by the Trust, to part with those shares in return for JF increasing his support within the business

The Mariners Trust had absolutely no right at all to expect those shares to be returned to them at any stage in the future. If that was their expectations, then quite frankly they should have had that written into an agreement of some sort with JF.

I’ve been a long time member of the Trust. I was happy for the Trust to hand over the shares for the right reasons, and I never expected them back.


Increase his support within the business… which is now been paid off by JS & AP.

So why does Fenty have the right to expect his money back but the trust don’t get their shares back. He is being paid all of his money he’s ever parted with back plus 200k for shares he didn’t buy….


All Town aren’t we

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Meza
August 26, 2021, 12:56pm

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Quoted from Fillipe Noche


That was a business decision made by the Trust, to part with those shares in return for JF increasing his support within the business

The Mariners Trust had absolutely no right at all to expect those shares to be returned to them at any stage in the future. If that was their expectations, then quite frankly they should have had that written into an agreement of some sort with JF.

I’ve been a long time member of the Trust. I was happy for the Trust to hand over the shares for the right reasons, and I never expected them back.


I don't know you personally but despite reading all the codalmighty articles about JF stewardship I'm sat here thinking how can you still defend him and his actions.

He is a complete clown and ultimate co(k womble.

35k in
2.5 mil out




[URL=https://imgur.com/VCxdH2Y][IMG]https://i.imgur.com/VCxdH2Ys.jpg[/IMG][/URL][URL=https://imgur.com/uMRVvRe][IMG]https://i.imgur.com/uMRVvRes.jpg[/IMG][/URL][URL=https://imgur.com/5p7nllT][IMG]https://i.imgur.com/5p7nllTs.jpg[/IMG][/URL][URL=https://imgur.com/46BEw5M][IMG]https://i.imgur.com/46BEw5Ms.jpg[/IMG][/URL][URL=https://imgur.com/06NXnQF][IMG]https://i.imgur.com/06NXnQFs.jpg[/IMG][/URL]

My Grimsby Legends
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diehardmariner
August 26, 2021, 1:06pm
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Quoted from Fillipe Noche


That was a business decision made by the Trust, to part with those shares in return for JF increasing his support within the business

The Mariners Trust had absolutely no right at all to expect those shares to be returned to them at any stage in the future. If that was their expectations, then quite frankly they should have had that written into an agreement of some sort with JF.

I’ve been a long time member of the Trust. I was happy for the Trust to hand over the shares for the right reasons, and I never expected them back.


balderdash.  He scaremongered the Trust membership into handing over the shares with a threat that he would sell Liam Hearn.  It's that simple.
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KingstonMariner
August 26, 2021, 1:08pm
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Quoted from Fillipe Noche


That was a business decision made by the Trust, to part with those shares in return for JF increasing his support within the business

The Mariners Trust had absolutely no right at all to expect those shares to be returned to them at any stage in the future. If that was their expectations, then quite frankly they should have had that written into an agreement of some sort with JF.

I’ve been a long time member of the Trust. I was happy for the Trust to hand over the shares for the right reasons, and I never expected them back.


The Trust were completely naive to cave in to his blackmail. Some of us said do at the time, and voted against it. History shows we were right.

I appreciate what you’re saying about the strict contractual situation. But I’m judging the guy on moral grounds. What he did then was wrong and what he insisted on in the sale to 1878 was wrong. If spent years claiming he was only in it to help GTFC. This was clearly not the case.

If he doesn’t like the criticism he should change his ways.


Through the door there came familiar laughter,
I saw your face and heard you call my name.
Oh my friend we're older but no wiser,
For in our hearts the dreams are still the same.
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diehardmariner
August 26, 2021, 1:15pm
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I saw the fallout of this on Twitter last night and my heart absolutely sank, then listening this morning it sank even more.  

I knew full well the club would have to make repayments for those benign loans, but in this manner feels like a real kick in the teeth.

Incredibly frustrating as I think most of us were hoping that the transfer income generated from Grist, Pollock and then the pending sell-on from Dembele would boost a) the squad and b) the infrastructure.  

That said, ultimately if this gets that stain removed from any loose association with the club earlier then it has to be a good thing.  Equally so, if rumours are to be believed, any money that makes it way to him would flush straight through to a particular Government agency anyway....perhaps 1878 are keen that we're distanced from that situation asap.
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monkeyboy
August 26, 2021, 1:24pm
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Come on fenty write it off as a compensation to the long tortured suffering real fans of this club and give us a break we never had under your dictatorship.!!
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Stew0_0
August 26, 2021, 1:35pm
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Quoted from Son of Cod
Best question of that was the one about Giles Coke doing some admin stuff around the club. Hearing reports that he's just learnt how to use pivot tables in Excel and really wants to find some way of utilising this to help out in the ticket office.


Maybe we could get Russell Slade back in to give Coke some vital Powerpoint presentation training then he'd be the whole package  
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friskneymariner
August 26, 2021, 1:37pm

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Cannot believe after years of leading this club to terminal decline there are still sycophants willing to defend J.S.F.However they do not have the courage to defend him on here ,come out of your ratholes and explain what exactly you see in him,facts speak for themselves.


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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EvilFish
August 26, 2021, 2:08pm
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Quoted from diehardmariner


Equally so, if rumours are to be believed, any money that makes it way to him would flush straight through to a particular Government agency anyway....perhaps 1878 are keen that we're distanced from that situation asap.


Oh, it's not rumour. It's in the public domain if you know the right places to look...
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Maringer
August 26, 2021, 2:59pm
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Quoted from diehardmariner
That said, ultimately if this gets that stain removed from any loose association with the club earlier then it has to be a good thing.  Equally so, if rumours are to be believed, any money that makes it way to him would flush straight through to a particular Government agency anyway....perhaps 1878 are keen that we're distanced from that situation asap.


More of a skidmark, TBF.
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HertsGTFC
August 26, 2021, 3:07pm

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Quoted from diehardmariner
I saw the fallout of this on Twitter last night and my heart absolutely sank, then listening this morning it sank even more.  

I knew full well the club would have to make repayments for those benign loans, but in this manner feels like a real kick in the teeth.

Incredibly frustrating as I think most of us were hoping that the transfer income generated from Grist, Pollock and then the pending sell-on from Dembele would boost a) the squad and b) the infrastructure.  

That said, ultimately if this gets that stain removed from any loose association with the club earlier then it has to be a good thing.  Equally so, if rumours are to be believed, any money that makes it way to him would flush straight through to a particular Government agency anyway....perhaps 1878 are keen that we're distanced from that situation asap.


I see what you mean in terms of funds for recruitment ridding ourselves of the liability that we have to the likes of Fenty feels like the right thing to do. Maybe we could have splashed the cash but you only get to spend it once and it's no guarantee of success.
The future needs to be based upon sustainable growth so being truly debt free is the best starting point.  

I thought the interview was really good, honest, open and clear. The only thing wrong with the whole future was that bell end Gwillam Lloyd.  



"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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Son of Cod
August 26, 2021, 3:21pm
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Quoted from HertsGTFC

The only thing wrong with the whole future was that bell end Gwillam Lloyd.  

Haha yep. It's like they've just found a guy in a pub in Hull who is vaguely aware of the fact that there is a football team over the river called Grimsby Town who play at Blundell Park and they've asked him to fill in for someone on the radio. He clearly does little to no prep and doesn't sound like he's listened to a single one of the new owners' interviews. How many times is JS gonna have to state that the stadium is not an immediate concern? Must be approaching double figures now going off things I've read/heard.
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forza ivano
August 26, 2021, 3:26pm

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Confirmed by mr Stockwood that it was Ian Fleming's decision to leave and that he had approached them
I'm looking forward to a pen penfras retraction of his erroneous statement that Mr Fleming was 'forced out'
Perhaps at the same time he could provide some evidence for his belief that people aren't happy in the ticket office / club shop?
My info is that the vast majority are very happy now that they are not working under Fenty any more



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Mikey_345
August 26, 2021, 3:28pm
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Quoted from Son of Cod

Haha yep. It's like they've just found a guy in a pub in Hull who is vaguely aware of the fact that there is a football team over the river called Grimsby Town who play at Blundell Park and they've asked him to fill in for someone on the radio. He clearly does little to no prep and doesn't sound like he's listened to a single one of the new owners' interviews. How many times is JS gonna have to state that the stadium is not an immediate concern? Must be approaching double figures now going off things I've read/heard.


Jason gives a couple of minute update about the fanzone and that it’ll be open Saturday and gives details.

Next question by Gwilliam is can he give an update on the fan Zone and when is it open……


All Town aren’t we

@GTFCLondon

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headingly_mariner
August 26, 2021, 3:32pm

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Fenty was a disaster, he had 20 years at it left us in a right mess.
He left us in the excrement and still got all his money back.

These guys are taking over when the club is in a horrendous position in the hardest league to get out of. Had we stayed in the league the job would’ve been so much easier for them, but the damage had been done by the cretinous shits in charge.
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pen penfras
August 26, 2021, 3:53pm

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Quoted from forza ivano
Confirmed by mr Stockwood that it was Ian Fleming's decision to leave and that he had approached them
I'm looking forward to a pen penfras retraction of his erroneous statement that Mr Fleming was 'forced out'
Perhaps at the same time he could provide some evidence for his belief that people aren't happy in the ticket office / club shop?
My info is that the vast majority are very happy now that they are not working under Fenty any more





Do you often have 3 senior people in an office of about 10 staff leave when people are happy?

Him asking to leave is exactly what would happen when you force somebody out.

Still waiting for your evidence of Fenty holding up the talks and changing the goal posts too. Apparently you can just make stuff up and post it but stuff that club staff tell me is wrong. Although doesn't look like there'll be any left in a few weeks. They're super happy though.
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coddy60
August 26, 2021, 4:01pm

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Quoted from pen penfras


Do you often have 3 senior people in an office of about 10 staff leave when people are happy?

Him asking to leave is exactly what would happen when you force somebody out.

Still waiting for your evidence of Fenty holding up the talks and changing the goal posts too. Apparently you can just make stuff up and post it but stuff that club staff tell me is wrong. Although doesn't look like there'll be any left in a few weeks. They're super happy though.


Don't know which staff are telling you stuff,.but the ones I speak to are usually singing along the lines of ding dong the witch is dead...
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bax
August 26, 2021, 4:08pm
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Quoted from pen penfras


Do you often have 3 senior people in an office of about 10 staff leave when people are happy?

Him asking to leave is exactly what would happen when you force somebody out.

Still waiting for your evidence of Fenty holding up the talks and changing the goal posts too. Apparently you can just make stuff up and post it but stuff that club staff tell me is wrong. Although doesn't look like there'll be any left in a few weeks. They're super happy though.


I suspect it's more likely that * some * of those who have left or are leaving don't like the fact things have changed, the old ways of working have gone and there will be some staff who will flourish and some who leave. Perfectly natural. And let's face it - the last 20 years have hardly been glorious have they? Very much time for a change and I am sure some of the staff who remain will embrace it and thrive and flourish working for a new team with a track record of success in business.
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Simon
August 26, 2021, 4:54pm
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Sick of hearing about Fenty if i'm honest, just get him paid up asap so he can move to Spain and that's the last we need to see or hear from him. Done, Gone, Good Riddance

Move on to the next chapter in our history, stop looking back the negativity is draining

THE FUTURE IS BRIGHT IF YOU LET THE LIGHT IN


All Town aren't we ..... UTM  
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Zmariner
August 26, 2021, 4:58pm
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Quoted from Fillipe Noche


Absolutely correct.

I never really get why anyone criticised John Fenty for expecting his money back. Unless you are a mega rich club owned by a Sheik or an Oligarch, then no sane business person would prop up a football business and not expect to get their money back at some stage.

Whether that be via share purchase or by loans.

Quite clear from the interview, that the day Andrew and Jason leave, they will want their money back out in some manner.

What makes me laugh is that these guys are still in the honeymoon. I have to say that like most, I’m pleased with the fresh start and the change in culture. But we haven’t kicked a ball yet. Let’s see what happens if or when we have a rough patch on the field. Then let’s see how supportive one or two are of our new owners. I certainly will be.

Not so sure about this Debbie person as new CEO. I may be wrong, but she strikes me that she likes to hog the limelight a bit. So the jury is still out for me on her


At least we know on the Football side that it cannot be worse than it has been during the last few years. I agree it is all about what goes on on the pitch and this has been an absolutely disgraceful period of our history.

A double dip into nonleague punctuated by other relegations and near misses, what can you say just an absolute disgraceful period utm
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HertsGTFC
August 26, 2021, 5:15pm

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Quoted from pen penfras


Do you often have 3 senior people in an office of about 10 staff leave when people are happy?

Him asking to leave is exactly what would happen when you force somebody out.

Still waiting for your evidence of Fenty holding up the talks and changing the goal posts too. Apparently you can just make stuff up and post it but stuff that club staff tell me is wrong. Although doesn't look like there'll be any left in a few weeks. They're super happy though.


Simple answer is yes, generally when new leadership with sensible, fresh and energetic ideas come in the institutionalised old guard tend to drop off quite quickly. See it all the time in the Business I work in.


"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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HertsGTFC
August 26, 2021, 5:22pm

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Quoted from Fillipe Noche


Absolutely correct.

I never really get why anyone criticised John Fenty for expecting his money back. Unless you are a mega rich club owned by a Sheik or an Oligarch, then no sane business person would prop up a football business and not expect to get their money back at some stage.

Whether that be via share purchase or by loans.

Quite clear from the interview, that the day Andrew and Jason leave, they will want their money back out in some manner.

What makes me laugh is that these guys are still in the honeymoon. I have to say that like most, I’m pleased with the fresh start and the change in culture. But we haven’t kicked a ball yet. Let’s see what happens if or when we have a rough patch on the field. Then let’s see how supportive one or two are of our new owners. I certainly will be.

Not so sure about this Debbie person as new CEO. I may be wrong, but she strikes me that she likes to hog the limelight a bit. So the jury is still out for me on her



"Allegedly" work on the street is he needs it back for his divorce doesn't he?

2nd comment re Debbie is completely stupid IMHO, hogging the limelight in my book is better than hiding behind an on line alter-ego.... just sayin!


"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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aldi_01
August 26, 2021, 5:22pm

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Quoted from pen penfras


Do you often have 3 senior people in an office of about 10 staff leave when people are happy?

Him asking to leave is exactly what would happen when you force somebody out.

Still waiting for your evidence of Fenty holding up the talks and changing the goal posts too. Apparently you can just make stuff up and post it but stuff that club staff tell me is wrong. Although doesn't look like there'll be any left in a few weeks. They're super happy though.


Do you believe this drivel? Do you not see the irony in what you’re saying?

You imply that you’ve got an idea of things that go on either at the club or in other industries yet your first sentence has to be a wind up…


'the poor and the needy are selfish and greedy'...well done Mozza
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ginnywings
August 26, 2021, 9:56pm

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There can't be many football club chairmen who have spent nigh on 2 decades at a football club, especially one that has performed as poorly as GTFC, that have walked away with all their money  back and then some.

The JF period has been the worst, most sustained era of sh1te I have witnessed in the 50 years I've been going to BP. Still can't believe he walked away in pocket and even more amazed that some are still defending him.
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140381
August 26, 2021, 10:41pm
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Quoted from Fillipe Noche


What makes me laugh is



Fat people falling over?

Jim Davidson?

Nothing?
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lukeo
August 26, 2021, 10:42pm
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Quoted from Mikey_345
I get and understand the argument about getting him off our backs sooner rather than later. However the fact 100% of all our transfer revenue, be that new transfers or add ons being triggered, just doesn't sit right with me.

Would be totally fine with a percentage because, say what you like, he has "benign" money in the club which needs to be repaid which is fair enough. That would at least allow us to reinvest a proposition of our earnings back into the club, to improve things like the youth team, the facilities and playing squad - things which were neglected under JF. Which then allows us to better secure our sustainability in the medium to long term.

However, now its up to JS, AP & and ourselves (tickets etc) to pay for his mistakes. Over the years we have dipped in our pockets time and time again to support things like (but not exclusively) the youth team as funding was lost in non league and the non chairman wasn't able or willing to fully fund it. Two products of that youth team in Pollock and Grist get Premier League moves and who get's that cash....John Fenty.



Brilliant post. I also, as much as I dislike him now. Know the right thing is for him to get his money back. But 100% is absolutely redicilous. 50/50 would be more acceptable and very much fair.
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lukeo
August 26, 2021, 10:42pm
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Ps I wonder how it works if we sell players for 'undisclosed fees' 😝
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140381
August 26, 2021, 10:46pm
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Ginnywings is owning this thread tbf
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jamesgtfc
August 26, 2021, 10:51pm
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I note how in May when a dormant company that he owned made an offer of almost £1.4m to their largest creditor which was then accepted, he assumed that he would be able to pay it off within 6 months.

The sooner we aren't burdened by his petulant demands, the better.
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The Grim Reaper
August 26, 2021, 11:48pm
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The new owners are not accountable to anyone. I would love to know how much they have actually, if anything, put into the Club?


Jesus wants me to be a sunbeam
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140381
August 26, 2021, 11:52pm
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Quoted from The Grim Reaper
The new owners are not accountable to anyone. I would love to know how much they have actually, if anything, put into the Club?


Wtf?!!!!
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DB
August 27, 2021, 5:42am
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What annoys me is JF and 1878 had an agreement to repay Fenty in 3 installments. We then learn that the person who claimed to be a Town FAN and SUPPORTER wants some money sooner, regardless of the impact on the club from the transfer sales.

What's more, it would appear from the interview that it was a 'Red Line' in the negotiations. I have heard of asset striping from new owners of a business, but never of a case where the previous owner gets a return on assets once the business has been sold.

I am extremely pleased 1878 have taken over but I am starting to come a bit down at the transparency they promote regarding JF. Are there any other clauses that we don't know about such as If the turnover hits a certain figure the JF gets more money back quicker?

There is the old saying as slippery as an eel, I think we should have a new one; As slippery as a Fenty.


You can please some of the forumites some of the time but not all the forumites all of the time
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aldi_01
August 27, 2021, 7:11am

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Quoted from The Grim Reaper
The new owners are not accountable to anyone. I would love to know how much they have actually, if anything, put into the Club?


I’m assuming this is a wind up…that or you simply can’t read…

They’ve already put more in, of their own money than not so honest John ever did…


'the poor and the needy are selfish and greedy'...well done Mozza
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wuffing
August 27, 2021, 7:13am

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Quoted from DB
What annoys me is JF and 1878 had an agreement to repay Fenty in 3 installments. We then learn that the person who claimed to be a Town FAN and SUPPORTER wants some money sooner, regardless of the impact on the club from the transfer sales.

What's more, it would appear from the interview that it was a 'Red Line' in the negotiations. I have heard of asset striping from new owners of a business, but never of a case where the previous owner gets a return on assets once the business has been sold.

I am extremely pleased 1878 have taken over but I am starting to come a bit down at the transparency they promote regarding JF. Are there any other clauses that we don't know about such as If the turnover hits a certain figure the JF gets more money back quicker?

There is the old saying as slippery as an eel, I think we should have a new one; As slippery as a Fenty.


Rest easy. In the cold light of day, we will all be judged by our actions.....let's just all get down to BP Saturday and keep spreading the positivity that JS & AP have started.

Up the Town

COME ON YOU MIGHTY MARINERS














'I walked in the dressing room. The window was open and I thought that a sea fret had got in. Then I saw smoke billowing from a pipe in the corner of the room...it was my centre-forward. He looked seven stone wet through. He went on to score thirty-odd goals that season.' Lawrie McMenemy on encountering the legend that was Matt Tees.
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Mikey_345
August 27, 2021, 7:52am
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Quoted from aldi_01


I’m assuming this is a wind up…that or you simply can’t read…

They’ve already put more in, of their own money than not so honest John ever did…


New pitches grow on trees you know...


All Town aren’t we

@GTFCLondon

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pen penfras
August 27, 2021, 7:57am

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Quoted from aldi_01


I’m assuming this is a wind up…that or you simply can’t read…

They’ve already put more in, of their own money than not so honest John ever did…


Have they? The club had the best part of £1 million in the current account when it was handed over. If they've spent all that and their own money, then I can't see value for money.
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ska face
August 27, 2021, 8:09am

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You’ve got to be the dullest girl private on here
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pen penfras
August 27, 2021, 8:18am

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Quoted from ska face
You’ve got to be the dullest girl private on here


It's always dull when somebody posts the truth. Much more fun to make stuff up and repeat it until everybody believes it.

The best part is everybody is taking it that I'm against 1878, when I'm not at all. Just baffled by the fact that they've put some glitter on a turd and apparently it's loads better than before despite the playing team looking a bit meh and having strongly hinted that they'll put as much of their own money in as Fenty ever did.
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Maringer
August 27, 2021, 8:35am
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But Fenty didn't put his money in, did he? He loaned it and now he's getting it all back, with healthy pension contributions in the bank as well.

The new owners may end up doing the same, I suppose, but it doesn't seem likely given their backgrounds and what has been said and done so far.

Fenty has been mismanaging the club for decades, we've seen some dismal management appointments, unspeakably bad player signings and an almost endless run of failure and bad feeling left behind.

Given the albatross of substantial payments making their way into Fenty's pockets (or those of his creditors) over the next few years, I'm not expecting a massively quick turnaround in fortunes but not being endlessly embarrassed by the petty, small-minded behaviour of the club's owner will be a nice start.
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HerveJosse
August 27, 2021, 8:53am
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If we stick to known facts I think all we know is that JF and AP have put approx £1m between them into a new shell company that has used the funds to buy JF shares.. We do not know if they have put any money into Grimsby Town Ltd  the now private operating company. As pointed out that the company had a large cash balance at takeover which they have inherited and could have funded all spending to date.If incoming transfer fees from past deals/ players pay off JFs loan they won’t have to put any money in to pay that off so in a best case from their point of view.they control our club for a £500k investment each .Well Done .
Anything beyond tthat we have to wait and see . The talk is good . I hope results and success follow and then we will all be happy. Some prefer to wait and see before praising every utterance and action .
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HerveJosse
August 27, 2021, 8:55am
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Sorry JS and AP !!!
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Theimperialcoroner
August 27, 2021, 8:59am

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Quoted from pen penfras


Have they? The club had the best part of £1 million in the current account when it was handed over. If they've spent all that and their own money, then I can't see value for money.


Is your bro still warming his hands on the £200k that was gifted to the fans?


Batch, Crombie, Moore K, Wiggington, Cumming, Waters, Bonnyman, Ford, Emson, Drinkell, Whymark. Love you all, You are the reason I'm on here. You've had help from Todd, Handyside, Futcher P, Groves, Mendonca, Macca etc etc etc. Up The Mariners!!!!!!!!!
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promotion plaice
August 27, 2021, 9:16am

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Cod Almighty's slant on things....

http://www.codalmighty.com/site/ca.php?article=8072


When Leeds trainer Les Cocker was once told Norman Hunter had broken a leg, he asked: “Whose is it?”
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Swansea_Mariner
August 27, 2021, 9:23am
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Lol glitter on a turd. Look I don't think anyone is saying its loads better,  but it is better, how much better, just a little bit I mean they've only had the reigns a few months.

I think what people are most pleased about is the trajectory, I don't think there can be much doubt about the fact that 'stuff' is happening, if things continue to improve over a much longer timeframe then that should eventually spill over into a modicum of footballing success. And that's what we've been starved of for the last 20 years even a small amount of football success, floating about at the bottom of league 2 or even worse not in the league at all is abject failure.
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KingstonMariner
August 27, 2021, 9:40am
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Quoted from pen penfras


Have they? The club had the best part of £1 million in the current account when it was handed over. If they've spent all that and their own money, then I can't see value for money.


How do you know that? Who told you?


Through the door there came familiar laughter,
I saw your face and heard you call my name.
Oh my friend we're older but no wiser,
For in our hearts the dreams are still the same.
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HerveJosse
August 27, 2021, 9:58am
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.JS said in the interview all investment to date had been by equity not loans .Companies are required to file details of all new equity subscribed and this available on public record. A quick search at Companies House reveals 1878 Partners Ltd has issued no equity to date other then initial £2 when it was formed and GTFC  has issued no new equity since the takeover save for a possible £2000 .
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pen penfras
August 27, 2021, 10:18am

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Quoted from KingstonMariner


How do you know that? Who told you?


People at the club. I'm not going to say who I know in the club, because it's not my place to. And the way it's going, they'll all have left soon anyway. Anything that I'm asked not to say, I don't. Anything else I only say to put right the ridiculous statements I see on here. Not that it matters, the lies seem to win every time because they back up the hatred.

It's funny how everybody accuses me of being part of, related to or a friend of the old regime. Yet any facts that I come out with I'm then accused of having no knowledge and making it up (the irony).
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pen penfras
August 27, 2021, 10:22am

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Quoted from Maringer
But Fenty didn't put his money in, did he? He loaned it and now he's getting it all back, with healthy pension contributions in the bank as well.

The new owners may end up doing the same, I suppose, but it doesn't seem likely given their backgrounds and what has been said and done so far.


No, he didn't. And the new owners said that the loans weren't a big deal like the fans are making out because it's just one way of funding the club and the route they would take is by buying equity that they would expect paying back. It's not a big deal, it's as I expected and what every other director in the club's history has done. But it isn't putting money into the club.
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Son of Cod
August 27, 2021, 10:34am
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Quoted from pen penfras


People at the club. I'm not going to say who I know in the club, because it's not my place to.

[img]https://c.tenor.com/jhQESbDf-SMAAAAC/friends-not-sure.gif[/img]
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Northbank Mariner
August 27, 2021, 10:43am
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Quoted from pen penfras


No, he didn't. And the new owners said that the loans weren't a big deal like the fans are making out because it's just one way of funding the club and the route they would take is by buying equity that they would expect paying back. It's not a big deal, it's as I expected and what every other director in the club's history has done. But it isn't putting money into the club.


I'm sorry but as soon as I start reading your replies all I see is blah, blah, blah....
They have done more to move this club forward in 4 months than Fenty did in over 20 years and I don't really care where the funds come from but let's not forget one thing, they never borrowed a penny to buy Fenty out, so all they are asking for is a return on any loans or additional equity. Both purchased this club knowing it wasn't a good financial decision yet Fenty bullied his way to the top to try and make a killing, which he did successfully in walking away with every penny he ever invested(said very loosely) and £200000 on top whilst all the time watching the club fail, the ground crumble and the training balls go egg shaped!!..
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jamesgtfc
August 27, 2021, 10:48am
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Quoted from Northbank Mariner


I'm sorry but as soon as I start reading your replies all I see is blah, blah, blah....
They have done more to move this club forward in 4 months than Fenty did in over 20 years and I don't really care where the funds come from but let's not forget one thing, they never borrowed a penny to buy Fenty out, so all they are asking for is a return on any loans or additional equity. Both purchased this club knowing it wasn't a good financial decision yet Fenty bullied his way to the top to try and make a killing, which he did successfully in walking away with every penny he ever invested(said very loosely) and £200000 on top whilst all the time watching the club fail, the ground crumble and the training balls go egg shaped!!..


Not to forget a few sizeable pension payments and not paying for match tickets over the years.

I know Jason says buying a football club is a terrible investment financially but John Fenty seems to have done very, very well out of 18 years of failure.
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HerveJosse
August 27, 2021, 10:50am
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Historic accounts which are made up to 31 May show that the company usually has a large cash balances that time of year . At 31/5/20 it was£749k . May 21 accounts not filed yet . Eventually we will know what cas funds the new owners inherited
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HerveJosse
August 27, 2021, 10:55am
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If it does turn out to be £1m ( unsubstantiated) and JF loans are paid off
From incoming transfer fees they will have bought the club at net cost of nil. Both big ifs but neither impossible . Isnt transparency wonderful!
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jamesgtfc
August 27, 2021, 11:00am
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Quoted from HerveJosse
If it does turn out to be £1m ( unsubstantiated) and JF loans are paid off
From incoming transfer fees they will have bought the club at net cost of nil. Both big ifs but neither impossible . Isnt transparency wonderful!


They would have still purchased it for circa £1m. They didn't just buy Fentys' 40%, they bought another 20%.

Unless they have put that £1m cash into their own bank account, they have still spent £1m buying the football club.
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140381
August 27, 2021, 11:02am
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Quoted from pen penfras


Just baffled by the fact that they've put some glitter on a turd.


So you admit they inherited a turd then. Given the exemplary way the club has been run for the last twenty years, it’s a real puzzle why that should be. Baffling.
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jimgtfc
August 27, 2021, 11:12am
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Quoted from pen penfras


People at the club. I'm not going to say who I know in the club, because it's not my place to. And the way it's going, they'll all have left soon anyway. Anything that I'm asked not to say, I don't. Anything else I only say to put right the ridiculous statements I see on here. Not that it matters, the lies seem to win every time because they back up the hatred.

It's funny how everybody accuses me of being part of, related to or a friend of the old regime. Yet any facts that I come out with I'm then accused of having no knowledge and making it up (the irony).


Anyone can say they know someone at the club and then not name or quote them. No substance at all, whereas the facts and figures are there for all to see. It all speaks for itself really, I’d rather look at it like that than believe your  (possibly made up) “insider”.


"Falls to Arnold... Arnold! That's it! Thats it! He's sealed it! Grimsby Town are back in the football league!!! Just a minute to go and Nathan Arnold makes it 3-1! Look at the scenes behind the goal! Look at the relief! The agony is finally over!!!"

John Tondeur - Wembley Stadium Sunday 15th May 2016
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HerveJosse
August 27, 2021, 11:16am
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Businesses are usually bought for an ex cash price. If you inherit cash on top you usually add it to the price so I stick by what I said all be it it is a big if until we see the 31 May balance sheet in due course.
There is a simple answer to the transfer fees used to repay loans issue . If the Dembele money comes in and JF loans are repaid from that the new owners could say as we now don’t have to funds the JF loan repayments we will put new money into the club equal to the transfer fee.
I think the transfer fees used to repay JF loans is Ian ldeal arrangement fit them. That don’t have to inject that money to pay JF and their sainthood is maintained
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KingstonMariner
August 27, 2021, 12:16pm
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Quoted from pen penfras


People at the club. I'm not going to say who I know in the club, because it's not my place to. And the way it's going, they'll all have left soon anyway. Anything that I'm asked not to say, I don't. Anything else I only say to put right the ridiculous statements I see on here. Not that it matters, the lies seem to win every time because they back up the hatred.

It's funny how everybody accuses me of being part of, related to or a friend of the old regime. Yet any facts that I come out with I'm then accused of having no knowledge and making it up (the irony).


So you're saying that a member of staff at the club has been giving you information that isn't in the public domain? (Yes I know that information is published in the balance sheets each year, but no accounts have been produced yet for the FY ending 31/5/21). Good job whoever it is is going.

Also, Cash at Bank or in Hand is an asset but there are also liabilities. In most years current liabilities have outweighed current assets. That £1m (if that figure is correct*) isn't money that 1878 can simply put in their back pocket, or the club will fold. I've got a stack of cash saved, but I've got a whopping credit card bill ready to make a hole in it. I also owe (mortgage) several times what I've got saved. So cash in the bank is a meaningless number taken in isolation.

You've probably only raised the subject to try to confuse people and muddy the waters, because your pal is rightly taking a battering.

* it would be a record breaking number if it is. The highest has been £3/4m. Some years it's as little as £3k. Mostly in the range of £50-£150k.


Through the door there came familiar laughter,
I saw your face and heard you call my name.
Oh my friend we're older but no wiser,
For in our hearts the dreams are still the same.
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KingstonMariner
August 27, 2021, 12:19pm
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Quoted from HerveJosse
Historic accounts which are made up to 31 May show that the company usually has a large cash balances that time of year . At 31/5/20 it was£749k . May 21 accounts not filed yet . Eventually we will know what cas funds the new owners inherited


The highest was Fin Year 2020 at £3/4m. Some years it's as little as £3k. Mostly in the range of £50-£150k.


Through the door there came familiar laughter,
I saw your face and heard you call my name.
Oh my friend we're older but no wiser,
For in our hearts the dreams are still the same.
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Son of Cod
August 27, 2021, 12:23pm
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Will the accounts be published for the past year? That was stipulation of being a PLC which we no longer are.
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KingstonMariner
August 27, 2021, 12:27pm
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Quoted from Son of Cod
Will the accounts be published for the past year? That was stipulation of being a PLC which we no longer are.


I think they still do need to publish accounts as a private limited company*. I think there's additional bureaucracy around being PLC.

* might be a threshold below which you don't, but I think that's really small companies.

Shareholders (including the Trust) get them anyway, and there's probably plenty of small shareholders who have kept theirs.


Through the door there came familiar laughter,
I saw your face and heard you call my name.
Oh my friend we're older but no wiser,
For in our hearts the dreams are still the same.
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MarshMariner
August 27, 2021, 12:34pm
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Quoted from KingstonMariner


I think they still do need to publish accounts as a private limited company*. I think there's additional bureaucracy around being PLC.

* might be a threshold below which you don't, but I think that's really small companies.

Shareholders (including the Trust) get them anyway, and there's probably plenty of small shareholders who have kept theirs.


I have a small private limited company myself, you do have to publish accounts each year...Companies House with have this detailed..   Anyone can see them..
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jamesgtfc
August 27, 2021, 12:40pm
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The accounting requirements for a Ltd company are far less than those of a PLC.

In these new days of transparency though I would like to think we still produce comprehensive accounts for all to see.
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DB
August 27, 2021, 12:56pm
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Quoted from pen penfras


People at the club. I'm not going to say who I know in the club, because it's not my place to. And the way it's going, they'll all have left soon anyway. Anything that I'm asked not to say, I don't. Anything else I only say to put right the ridiculous statements I see on here. Not that it matters, the lies seem to win every time because they back up the hatred.

It's funny how everybody accuses me of being part of, related to or a friend of the old regime. Yet any facts that I come out with I'm then accused of having no knowledge and making it up (the irony).


Jason said on RH interview that he does not answer or take notice of anonymous questions. I think all on here should do the same about your anonymous informants.



You can please some of the forumites some of the time but not all the forumites all of the time
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toontown
August 27, 2021, 1:01pm
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Quoted from pen penfras


It's always dull when somebody posts the truth.


Like when you posted about what a loss nick Dale was haha
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HertsGTFC
August 27, 2021, 1:21pm

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Quoted from pen penfras


Have they? The club had the best part of £1 million in the current account when it was handed over. If they've spent all that and their own money, then I can't see value for money.


The current account balance doesn't mean a business is cash rich, the total reserves and cash flow forecast is the most important thing rather than a snapshot in time.


"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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HerveJosse
August 27, 2021, 1:26pm
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Clearly all that glitters is gold for most on this site
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moss_side_mariner
August 27, 2021, 2:37pm
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Quoted from HerveJosse
Clearly all that glitters is gold for most on this site


You obviously prefer the unglittered turd.
Perhaps you’ve got use to it after brown-nosing Fenty for years.


from the banks of the river humber, to the shores of sicilly
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lukeo
August 27, 2021, 3:33pm
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To be honest.. Even if they're going down the same route as JF and want every penny back they're still a massive step forward... Look at all the things that have changed for the positive... Fanzone, interaction with fans, upper barrier, communication with fans, ticketing system plus much more.
If they put £3m or even  £10m in and get it all back in 10-20-30 years time aslong as they've improved the day to day running of the club and brought some pride back.. I'm happy.
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KingstonMariner
August 27, 2021, 4:14pm
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To be be fair Luke, the Fanzone and ticketing system were conceived and planned before the takeover. The Fanzone is a Trust initiative so has nowt to do with either Fenty or 1878 beyond them giving approval. I think the ticketing system might have been something that the Trust also actively pushed for.

But I agree on the bigger picture. I’ve always argued that what we need is vision and engagement from the owners, not huge amounts of money. We certainly seem to be getting the vision and engagement. In spades!


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I saw your face and heard you call my name.
Oh my friend we're older but no wiser,
For in our hearts the dreams are still the same.
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jamesgtfc
August 27, 2021, 4:22pm
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Quoted from lukeo
To be honest.. Even if they're going down the same route as JF and want every penny back they're still a massive step forward... Look at all the things that have changed for the positive... Fanzone, interaction with fans, upper barrier, communication with fans, ticketing system plus much more.
If they put £3m or even  £10m in and get it all back in 10-20-30 years time aslong as they've improved the day to day running of the club and brought some pride back.. I'm happy.


In the modern game if you take a club from the 5th tier to the second tier, you are in an arena where £10m doesn't go very far plus you've improved the reach of the club to a point where you can, quite confidently, seek to get your investment back.

If the reverse happens (I appreciate Fenty wasn't at the helm in our Division 1 days) and the club suffers multiple relegations, neglect, constant flirts with relegation and a reputation among clubs, players, agents and fans that the "principle funder" is a bit of a sharp object then receiving any return on the investment, never mind profiting on a £200k gift that fans were essentially blackmailed into voting for, is a miracle.

As Stockwood alluded to the other night, what was the alternative if he, Andrew (and at one point, Shutes) didn't step up? Especially given the "immovable" term regarding player transfers...
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Posh Harry
August 27, 2021, 5:03pm
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Quoted from pen penfras


People at the club. I'm not going to say who I know in the club, because it's not my place to. And the way it's going, they'll all have left soon anyway. Anything that I'm asked not to say, I don't. Anything else I only say to put right the ridiculous statements I see on here. Not that it matters, the lies seem to win every time because they back up the hatred.

It's funny how everybody accuses me of being part of, related to or a friend of the old regime. Yet any facts that I come out with I'm then accused of having no knowledge and making it up (the irony).


Facts? Someone at the club told you and you are claiming it to be fact? I know someone who tells people he has a 10inch d8ck but he is full of sh8t. A bit like you.

My mate told me so it is a fact. Absolutely priceless.
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HerveJosse
September 22, 2021, 8:02pm
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At the risk of generating a lot of red crosses there was some unfished  business on this thread on which we know have further information. The one alleged fact quoted in JFs Sunday morning sermon  was the claim that there was  £800k in the bank at the time of the takeover. I won’t resurrect the rest of the discussion let’s just be happy where we are now
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Bristol Mariner
September 22, 2021, 10:34pm

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Just re listened to this - this was before our first game. My god we are in such a better place!


GTFC Exile, Bristol Mariners
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forza ivano
September 22, 2021, 11:10pm

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    Quoted from pen penfras


    People at the club. I'm not going to say who I know in the club, because it's not my place to. And the way it's going, they'll all have left soon anyway. Anything that I'm asked not to say, I don't. Anything else I only say to put right the ridiculous statements I see on here. Not that it matters, the lies seem to win every time because they back up the hatred.

    It's funny how everybody accuses me of being part of, related to or a friend of the old regime. Yet any facts that I come out with I'm then accused of having no knowledge and making it up (the irony).





a month on and i'm intrigued to know all these people who have left because of their disillusionment with 1878.

perhaps PP can illuminate us?
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arryarryarry
September 23, 2021, 3:23am
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Quoted from forza ivano

    Quoted from pen penfras


    People at the club. I'm not going to say who I know in the club, because it's not my place to. And the way it's going, they'll all have left soon anyway. Anything that I'm asked not to say, I don't. Anything else I only say to put right the ridiculous statements I see on here. Not that it matters, the lies seem to win every time because they back up the hatred.

    It's funny how everybody accuses me of being part of, related to or a friend of the old regime. Yet any facts that I come out with I'm then accused of having no knowledge and making it up (the irony).





a month on and i'm intrigued to know all these people who have left because of their disillusionment with 1878.

perhaps PP can illuminate us?


Having spoken to a member of staff a few weeks ago, some are just keeping their heads down
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aldi_01
September 23, 2021, 5:57am

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Interesting that our dear friend PP intimates that the people who have left shouldn’t have…but they were as culpable as the flipping idiot that owned the club.

People eulogised about Fleming yet in his varying roles he did little to stand up to Fenty or challenge the status quo at the club. The claims he cared about the club are naturally challenged when surely, as we all could, he could see the mistakes being made that cost us dearly. Simple really, grow a pair and challenge or walk away knowing you tried (if you’re any good at your job you’ll find another) or sit there, head down and do very little to stop it, thus making you as culpable as Fenty.

Nobody that has left is missed, the ones gone from the board/offices clearly brought little to the table. If they were integral or effective they’d have been kept on…

PP offers almost a diatribe of nonsense against people who despise Fenty or celebrate the new ownership, makes claims he knows people in the club and they make claims that ‘all is not as it seems’ yet forgets there are people on this very board who know varying staff at the club, have done for years and get the very opposite. Only recently I had a long chat with a long time serving staff member that many of us, if not all town fans will have come across before at the tip and let’s just say they seemed considerably more happy about their work and the club.

Perhaps our Welsh friend just knows the folk who don’t like change and or doing a flipping job properly, or being directed by people that do, choosing the former, to sit and do little whilst Fenty felicitations it all up.

The stuff we’re hearing about the club prior to their purchase is alarming, and I can’t be the only one wondering where that £400k went….perhaps sometimes stockwood, Pettit et al are scratching their heads as they uncover some of this…after all, they bought the club from a proper fan who cared about the club, allegedly…cared so much he took it out the league twice by running it his own incompetent way…

The Fenty brigade are a funny bunch too, it’s as if they can’t see that people in support of the new regime can be anything other than completely head over heels with them, which isn’t entirely the case…am I happy they’ve taken over? Yes. Am I happy with what’s happened so far? Yes. Have the changes made been worthwhile, including staff being moved on? Yes. Are they free from criticism, no, but so far there’s nothing to really truly pick fault with. Am I, along with others still cautious after the last 17 years? Yes and that’s entirely understandable.

Difference this time is that the impression is they will learn from mistakes; own them in fact and I don’t think we’ll get drunken rambling of a mad man on radio Humberside or midnight press releases on the club website because someone dared to challenge them…unlike dear old not so honest John…let’s not forget that, even the most ardent Fenty fans needs to remember that he was working to bring in a convicted (and awaiting deportation) fraudster…he was going to let that man become involved in our club for nothing more than his own gain…remember that…


'the poor and the needy are selfish and greedy'...well done Mozza
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dapperz fun pub
September 23, 2021, 7:29am
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PP got to be one of fentys brothers surely or one of his mates ,on second thoughts it will be a brother 😎
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golfer
September 23, 2021, 8:20am
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Quoted from Posh Harry


Facts? Someone at the club told you and you are claiming it to be fact? I know someone who tells people he has a 10inch d8ck but he is full of sh8t. A bit like you.

My mate told me so it is a fact. Absolutely priceless.


Wanna seeit. ?
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Fishy Forum Fishy Boards Archive › Jason Stockwood on Radio Humberside Weds evening

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