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1878 Partners stake in the club

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jamesgtfc
January 29, 2022, 7:58pm
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Quoted from HerveJosse


So you are a mind reader now.


You keep moaning about our accounts not being available. I have asked you a simple question which you won't answer: did you take the opportunity to ask the board for an update when they were on the DN35 Podcast at the start of January?

It's easy to sit here and moan about it but we all had an opportunity to ask the board some questions. The lack of published accounts has really troubled you since November so I'm assuming you completed the form DN35 produced to ask for an update?
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HerveJosse
January 29, 2022, 8:01pm
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Quoted from jamesgtfc


You keep moaning about our accounts not being available. I have asked you a simple question which you won't answer: did you take the opportunity to ask the board for an update when they were on the DN35 Podcast at the start of January?

It's easy to sit here and moan about it but we all had an opportunity to ask the board some questions. The lack of published accounts has really troubled you since November so I'm assuming you completed the form DN35 produced to ask for an update?


I thought I had answered that but if I haven’t I had already asked the question via Matt Dean and received the answe it would be in two weeks from the question being asked in mid November . Do I need to ask it twice even if. I was aware of a podcast that invited questions which I wasn’t .
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jamesgtfc
January 29, 2022, 8:08pm
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Quoted from HerveJosse


I thought I had answered that but if I haven’t I had already asked the question via Matt Dean and received the answe it would be in two weeks from the question being asked in mid November . Do I need to ask it twice even if. I was aware of a podcast that invited questions which I wasn’t .


If something isn't being delivered to your expectations then you are well within your rights to chase it up. Alex came on here inviting questions I'm sure and was also on Twitter regularly speaking about it. Had you known, you could have had an explanation for the delay and another date to hold them accountable to I'm sure.

Based on what I've been told today, you will have access to the accounts very, very soon.
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HerveJosse
January 29, 2022, 8:11pm
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Quoted from jamesgtfc


If something isn't being delivered to your expectations then you are well within your rights to chase it up. Alex came on here inviting questions I'm sure and was also on Twitter regularly speaking about it. Had you known, you could have had an explanation for the delay and another date to hold them accountable to I'm sure.

Based on what I've been told today, you will have access to the accounts very, very soon.


That’s good
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HertsGTFC
January 29, 2022, 9:48pm

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Quoted from GollyGTFC
The confirmation statement was sent to Companies House a couple of weeks ago and it shows how much of the club 1878 Partners have acquired...

Total Shares Issued in Company - £2,379,900
1878 Partners - £1,501,834 (63.1%)
Mariners Trust - £321,050 (13.5%)
Michael Parker - £250,000 (10.5%)
Other Shareholders - £307,016 (12.9%)

The statement also shows who have offloaded their shares. Which tells us 1878 Partners acquired shares from the following...

John Shelton Fenty - £975,000
Michael Parker - £250,000
Lee Mullen - £130,000
John Elsom - £75,500
Andrew Newman - £25,000
Terence Clive Aspinall - £15,500
David Andrew Carr - £11,077
Terence Aspinall - £10,002
Stephen Marley - £3,000
Helen Marley - £2,000
Stanley Shreeve - £2,000
Steve Ewels - £1,400
Arthur Ernest Spalding - £700
Other Minor Shareholders - £650


The new owners spend £1.5 million acquiring the club and some think they should be doing more?  


"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
January 29, 2022, 10:04pm

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Quoted from HertsGTFC


The new owners spend £1.5 million acquiring the club and some think they should be doing more?  


Less than a year and people moan, the other fornicators had 17 years and some still think they did a good job…beggars belief…


'the poor and the needy are selfish and greedy'...well done Mozza
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jamesgtfc
January 29, 2022, 10:21pm
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Quoted from HertsGTFC


The new owners spend £1.5 million acquiring the club and some think they should be doing more?  


And committed to pay another £1.5m...

Be interesting when the accounts are published and we have less than £800k in the bank. The vultures will circle demanding to know what that money was spent on during the first 3 weeks they owned the club.
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Swansea_Mariner
January 29, 2022, 10:35pm
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Quoted from jamesgtfc


And committed to pay another £1.5m...

Be interesting when the accounts are published and we have less than £800k in the bank. The vultures will circle demanding to know what that money was spent on during the first 3 weeks they owned the club.


Equally it might end up costing them a lot less if Dembele actually end up getting sold. The old risk reward clock is counting.........tick tock tick tock
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HertsGTFC
January 29, 2022, 10:48pm

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Quoted from jamesgtfc


And committed to pay another £1.5m...

Be interesting when the accounts are published and we have less than £800k in the bank. The vultures will circle demanding to know what that money was spent on during the first 3 weeks they owned the club.


Is that the £800k that Fenty refereed to? That was just the cash at the bank in the balance sheet I’d assume.


"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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jamesgtfc
January 29, 2022, 11:16pm
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Quoted from HertsGTFC


Is that the £800k that Fenty refereed to? That was just the cash at the bank in the balance sheet I’d assume.


Fenty and his friends are regularly reminding us all that 1878 inherited an £800k bank balance. I suppose leaving us with £800k in the bank is the least John could do when he's got first dibs on any transfer income with those benign loans of his that would never, ever be used against the club.
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