The Fishy.co.uk Grimsby Town FC

RSS



League Two Form Guide

  PGDPts
1Luton61314
2Colchester6413
3Lincoln City6712
4Mansfield6411
5Chesterfield6211
6Wycombe6410
7Notts County6310
8Grimsby6110
9Port Vale6-210
10Newport County619
11Exeter609
12Carlisle618
13Morecambe618
14Accrington Stanley608
15Coventry6-18
16Crawley Town6-38
17Swindon617
18Crewe6-26
19Cheltenham6-26
20Barnet6-36
21Forest Green6-35
22Cambridge Utd6-95
23Stevenage6-33
24Yeovil6-82

Full Form Table
Prem|Champ|L1|NL|VN|VS
SPL|SC|S1|S2

Latest Results (all divisions)




Question of the Week

Priority for transfer window?

Reduce squad size
Strengthen defence
Strengthen midfield
Strengthen attack
No change needed


 

Old Board's Shares Block

By: Rob Sedgwick
Date: 23/07/2000

Old Board's Shares Block

News From 16th May 2000

Brian Huxford

Grimsby Town's bid to inject cash into the club through a rights issue of new shares for existing shareholders may fail due to the reluctance of shareholders supporting the old board, led by Bill Carr, to vote on the issue.

The Mariners' board had hoped to raise around £500,000 by getting shareholders to agree to a two-for-one rights issue. Currently, the club cannot issue shares to anyone. To change that a 75 per cent majority vote of shareholders would be needed at an extraordinary general meeting on the proposal.

The club have sent out questionnaires to holders of 100 or more shares, who represent 97 per cent of the total shareholding of 229,000. To date they have had replies representing just 109,000 shares, of which 79 per cent are in favour of the rights issue.

With the club's very future at the heart of this rights issue proposal, the shareholders who support the old board appear to be more interested in their own power struggles than they are in the welfare of Grimsby Town FC. The board had hoped to raise at least £500,000 towards the cost of the new stadium through the rights issue. A large number of Grimsby Town fans are keen to invest in the otherwise perilous future of the club they support, and the new stadium they crave, through this rights issue. The attitude of a very small number of people, who appear to have no interest in the club's future, have until Friday to register their votes, and demonstrate their intentions.

With the club currently losing £15,000 a week and desperate to get the new ground built, it would be ironic if those who once claimed to care for Grimsby Town, and be in charge of their future, scupper the proposal for reasons having nothing to do with football, or even business.

Brian Huxford, vice-chairman of Grimsby, and a major shareholder himself is supporting the rights issue. He said earlier today:

"If the former board don't support this then it is dead in the water. The football club gets no fresh injection of capital and it sends out a negative message to anybody else wishing to bring in finance.!


Add To Facebook


This site is by the fans, for the fans, and we will consider articles on any subject relating to the Mariners whether it be related to current news, a nostalgic look back in the past, a story about a player, a game or games in the past, something about Blundell Park or football in general. Click here to submit your article!


Related Stories

Forum Latest
TitlePostsLatest Post
Comments on pointless topic8KingstonMariner16/12 22:32
Just Back17moosey_club16/12 22:32
Morecambe Date Switch2Tommy16/12 22:11
Ex-GTFC players thread2,226Grimal16/12 22:02
Notts County match thread49jock dock tower16/12 21:53
Looking at the table5Tommy16/12 21:49
Word Association Game44,110KingstonMariner16/12 20:26
Leave the EU immediately9Maringer16/12 19:26
Notts County (A) Predictions33promotion plaice16/12 17:35
Pyro Dogs18arryarryarry16/12 16:15

News  | Features  | Submit Article  |   | 
© 2017 TheFishy.co.uk