A Message For Shareholders Of GTFC

The important question is.......


.................When J S Fenty goes, does Fillipe Noche go as well ?

Quoted from aldi_01

My view has always been that Shutes walking at this stage was tactic. He was never the money man, a facilitator or negotiator perhaps but he never appeared as a money man.

I can see him slipping back in to the club before Christmas...

If he waen't the money man, what would be the strategic value of him pulling out? I dunno, the day before it was announced Shutes had pulled out, he resigned as director of Grimsby Youth Zone, of which Jason Stockwood is also a director. Indicator of potential breakdown in relationship? Interestingly, in that same week Shutes also set up two companies called Grimsby Freeport Holdings Limited and Grimsby Freeport Company Limited. This was hot in the wake of the announcement that Grimsby and Immimgham would be granted freeport status, so maybe Shutes felt he wouldn't have the time to invest in GTFC as he would have wanted to. All complete conjecture but one thing is for certain, interesting times ahead for Grimsby, town and football club.

Quoted from Madeleymariner

Interesting, going private means less regulation, no need to let the world see your accounts (inc non board member shareholders I think?}

Think it also means they can control who could buy shares in the company meaning no takeovers unless they want to sell.

Could increase the value of shares as not reliant on stock market valuations as much.

Interesting times ahead

The price of shares ironically doesn’t rely on stock market valuation. They’re £1 each in effect. That’s pretty much fixed unless an individual wants to sell for less. The switch to private LTD company won’t have any effect necessarily on the value of shares.

Quoted from dapperz fun pub

So you’ve always been a hanger on a type 😋

No not at all. I’ve been employed in a number of board roles. In addition to owning 100% and minority equity stakes in various organisations. From buy ins, acquisitions, mergers, rescues and turnaround scenarios. Also when being appointed as an official Administrator and leading on business liquidation projects.

But thanks for the insult. I trust you feel it was adequately deflected

Quoted from Grantham_Mariner

The important question is.......


.................When J S Fenty goes, does Fillipe Noche go as well ?

Absolutely not

Quoted from Grantham_Mariner

The important question is.......


.................When J S Fenty goes, does Fillipe Noche go as well ?

I have got everything crossed here

[img]https://miro.medium.com/max/800/1*Zl8LyaQDGezYPxOMOfCVDw.jpeg[/img]

Someone said something about this means Stockwood and Petit will become majority shareholders. It doesn’t. They are buying Fenty’s shares through ‘1878’. That’s still only 40%.

As a next stage I guess they might offer to buy out the rest. I hope the Trust doesn’t decide to sell out.

Whilst good news that Fenty won’t be on the board, we still don’t know about his minions. Not about his loans - the announcement is silent on that. Whilst he still has outstanding loans he could still be an influence- eg if the terms of the loan is that he can call them in at any time.

Also note Phil revealing that Fenty’s loans are via companies that he controls. If they go into admin  they will be forced to recall them (subject to the terms).

Plus there’s plenty of time between now and May 5th for things to go wrong.

Guarded optimism from me.

Quoted from Hagrid

Yeah our top scoring striker..... shutup man

Ridiculous isn't it.

I really don't get the hate of John Lewis, of course he isn't the perfect striker and nobody claims he is, and there are better players out there but the fact is at this present time he offers more than any other striker we have.

And the fact somebody used a thread about Fenty selling up to bring up LJL... I suppose some people are just desperate to criticise John Lewis.

Quoted from immariner

If he waen't the money man, what would be the strategic value of him pulling out? I dunno, the day before it was announced Shutes had pulled out, he resigned as director of Grimsby Youth Zone, of which Jason Stockwood is also a director. Indicator of potential breakdown in relationship? Interestingly, in that same week Shutes also set up two companies called Grimsby Freeport Holdings Limited and Grimsby Freeport Company Limited. This was hot in the wake of the announcement that Grimsby and Immimgham would be granted freeport status, so maybe Shutes felt he wouldn't have the time to invest in GTFC as he would have wanted to. All complete conjecture but one thing is for certain, interesting times ahead for Grimsby, town and football club.

Now you are getting close.

You are now starting to put the pieces into the jigsaw.

Consider for a moment the motivations of the three individuals of the consortium.

Stockwood and Petit certainly have GTFC in their hearts. Shutes has always been driven by regeneration and business opportunities that the Town presents. Particularly with regards to his historical interest with LadyS Rd and the Docks.

I’ve no doubt that Shutes will pop up somewhere again on our journey. Probably when the subject of a community stadium crops up again. He would sooner be profiting from collecting profit from GTFC via rental from a community stadium. He’s more interested in that than he is in the hassle of having to be involved in running a successful football club with fan expectations

Quoted from dapperz fun pub

So you’ve always been a hanger on a type 😋

Fenty's clagnut 😉