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League Two Table

  PGDPts
1Portsmouth463987
2Plymouth462587
3Doncaster463085

4Luton462777
5Exeter461971
6Carlisle46171
7Blackpool462370

8Colchester461069
9Wycombe46569
10Stevenage46467
11Cambridge Utd46866
12Mansfield46466
13Accrington Stanley46365
14Grimsby46-462
15Barnet46-757
16Notts County46-2256
17Crewe46-955
18Morecambe46-2052
19Crawley Town46-1851
20Yeovil46-1550
21Cheltenham46-2050
22Newport County46-2248

23Hartlepool46-2146
24Leyton Orient46-4036

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



Question of the Week

Will you attend any Checkatrade Trophy games next season?

All of them
All home games
The odd game
Knock out games
Final only
Total boycott


 

City Gives Huxford the Nod

By: Rob Sedgwick
Date: 11/07/2001

THE STOCK EXCHANGE'S Takeovers and Mergers Panel has formally backed former Vice Chairman Bryan Huxfords's plan to to take control of Grimsby Town by purchasing shares from existing investors. The panel, however, has ruled that the airline chief will have to issue a full prospectus to shareholders.

Mr Huxford indicated he was happy to go ahead with the full prospectus, which would take about three weeks to prepare, "subject to me getting indications that there are sufficient people willing to sell their shares."

Huxford's plans received partial success last week when four former board members agreed to sell him their shares. However the big stumbling back is that the Grimsby businessman needs 76 per cent of the equity for the takeover to succeed - a figure that cannot be attained without the support of chief shareholder Dudley Ramsden, who owns a 26% stake in the club.

It is believed that a 76% holding would give Huxford the power to overcome the block on the issuing of new shares and change the "articles of association" (a document describing the purpose, place of business, and details of the company). It would also enable a holding company to be created for GTFC which could control management and operations by influencing or electing its board of directors.

The battle of the boardroom is becoming increasingly acrimonious, with Huxford saying recently: "There are financial institutions waiting to invest but that money is not apparently welcomed by the current board. You will have to ask them why that is. It is clear that something needs to be done to secure the future of this club in the First Division and I have greater aspirations than that."



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