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League Two Table

  PGDPts
1Bromley42+2683
2MK Dons42+3576
3Notts County42+2676

4Cambridge Utd41+2774
5Swindon42+1974
6Salford42+773
7Chesterfield41+1168

8Crewe42+1166
9Oldham41+1765
10Grimsby40+1665
11Barnet42+1064
12Walsall42+662
13Colchester41+857
14Fleetwood Town42-255
15Bristol Rovers42-1652
16Accrington Stanley41-651
17Gillingham41-1249
18Shrewsbury42-2744
19Cheltenham40-2343
20Crawley Town42-2237
21Tranmere41-2336
22Newport County42-3134

23Barrow41-2733
24Harrogate Town42-3033

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Bryan Huxford's Offer for GTFC Shares Goes Out

By: Fishy News Room
Date: 26/06/2001

FORMER Grimsby Town Vice Chairman Bryan Huxford has now sent out his offer to all shareholders in his attempt to gain overall control of GTFC. Mr Huxford has confirmed that, with his backers, he is looking to buy all existing shares from current shareholders.

With only 270,000 shares on the market this means that the current board will have to agree to sell their shares to Huxford for him to gain control. In a statement earlier to The Fishy Mr Huxford revealed that he is hoping to secure 76% of the 270,000 shares currently on the market.

There are no details yet of what price Mr Huxford is offering but it seems that his need to secure 76% is to avoid the necessity to seek the approval of shareholders for his plans. Presently the constitution of the Plc dictates that to initiate changes in issues such as equity and changes to the Articles of Association, approval is needed by at least 75% of shareholders.

This will not be an easy task with major shareholder Dudley Ramsden previously declining an offer for his shares from some of the previous board members. Bryan Huxford, on the other hand, is hoping that shareholders will sell their shares in order for him to move the club forward and in previous statements has called upon them to "act in the best interests of the club"

"This isn't me playing games - I want to buy the football club and take it up to the next level. It will not work in this day and age with a committee running it. There has to be one boss and he has to be prepared to gamble to move the club on."

Shareholders should expect to receive their offer over the next few days.



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