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Memory lapse

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WOZOFGRIMSBY
February 7, 2016, 3:32pm

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The only clubs that hasn't benefited from administration are Hereford and Darlington isn't it? Yet new clubs have been created and fighting their what's up the divisions, with Hereford getting 3000 + crowds.

There is no guarantee that administration would've 'bought' (sic) us success but when you look at what other clubs have managed to gain (new grounds, premiership millions etc) it does make you wonder if Fentys decision making regarding his assets/the club were actually in the clubs best interest.


Rose is on fire

And your scotch eggs are fu(king vile
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friskneymariner
February 7, 2016, 3:58pm

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As Elton John said, he made a small fortune out of being Chairmen of Watford,only trouble is that he started out with a large one.


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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grimsby pete
February 7, 2016, 5:08pm

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Quoted from Fishy4Skin


There's easier ways of satisfying your own ego.  I think he's a genuine fan who thought he could make it work.


Welcome back John  


                             Over 36 years living in Suffolk but always a mariner.
                             68 Years following the Town

                              Life member of Trust

                               First game   April 1955
                               
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Fishy4Skin
February 7, 2016, 5:13pm
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Quoted from grimsby pete


Welcome back John  

Now now, there's poking fun and being downright offensive.   I am NOT a flipping Tory!!
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FishOutOfWater
February 7, 2016, 5:15pm
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Quoted from Fishy4Skin

Now now, there's poking fun and being downright offensive.   I am NOT a flipping Tory!!



Who would EVER confess to that though ?
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grimsby pete
February 7, 2016, 5:22pm

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Quoted from Fishy4Skin

Now now, there's poking fun and being downright offensive.   I am NOT a flipping Tory!!


                             Over 36 years living in Suffolk but always a mariner.
                             68 Years following the Town

                              Life member of Trust

                               First game   April 1955
                               
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Marinerz93
February 7, 2016, 8:23pm

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Quoted from Fishy4Skin


Taking any business into administration isn't dishonest, it's a genuine means of stabilising the business to try and preserve its chances of survival.  The usual outcome is either liquidation (rare in football), sale to another party or an offer to creditors of 'x - amount in the £' which clears the debt.

So put yourself into Mr Fenty's shoes for a moment.  Say you are owed £3m by the club and you think that the administrators might make a judgement of 10p in the £.  That suddenly makes his £3m worth £300k, would you wipe out £2.7m of your personal fortune if you thought you might be able to recover more?  A huge decision for anyone to make, unfortunately a decade on and a championship club that might have been worth investment has become a national league club that isn't.  In hindsight he made the wrong decision for the club and given the fact he's continued to pump money in, the wrong one for him.  Wonderful thing hindsight.

Fast forward to today, will he take the club into administration?  I doubt it, not while his ongoing investment is lower.  Will he write off the club's debt to him?  Not a chance.


"Taking any business into administration isn't dishonest"

It is dishonest though if a club goes into admin and then all of a sudden has a saviour though, something that seems to happen more with football clubs than other businesses.

MP wiped £500k worth of shares out in a heart beat to benefit the club and to stop turmoil at the club.

Two sides to the JF coin, we may have a club because of JF but we are in non league because of JF. We could be playing North Ferriby next season in competitive league games, population 3,893.


Supporting the Mighty Mariners for over 30 years, home town club is were the heart and soul is and it's great to be a part of it.

Jesus’ disciple Peter, picked up a fish to get the tribute money from it, Jesus left his thumb print on the fish, bless'ed is the Haddock.
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MuddyWaters
February 7, 2016, 9:59pm
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Quoted from Marinerz93


"Taking any business into administration isn't dishonest"

It is dishonest though if a club goes into admin and then all of a sudden has a saviour though, something that seems to happen more with football clubs than other businesses.

MP wiped £500k worth of shares out in a heart beat to benefit the club and to stop turmoil at the club.

Two sides to the JF coin, we may have a club because of JF but we are in non league because of JF. We could be playing North Ferriby next season in competitive league games, population 3,893.


You should do what's best for your business, not what's best for you. JF saved the club, but did he do it for the potential kudos or because he was naive in football management?
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kevikov
February 7, 2016, 10:13pm
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He has never been naive in business though, as much as it has cost him in £ over the last x amount of years, my guess is, he'll walk away not too far in the red personally.


I was there, the day Bradley Wood scored a 35 yarder!

From the black and white striped shirts
To the fish in the sea
You'll hear us singing
Coz we are Grimsby.

You won't hear us crying
But you'll hear us shout
Coz we are the Grimsby
And this is our chant.......... Grimsby! Grimsby! Grimsby!

     A.S.A.F.A.T.
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MuddyWaters
February 7, 2016, 10:38pm
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Quoted from kevikov
He has never been naive in business though, as much as it has cost him in £ over the last x amount of years, my guess is, he'll walk away not too far in the red personally.


True. That's what the debenture is all about.
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