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League Two Form Guide

  PGDPts
1Lincoln City6414
2Colchester6812
3Newport County6-212
4Luton6511
5Wycombe6311
6Exeter6310
7Grimsby6210
8Accrington Stanley6110
9Cambridge Utd639
10Forest Green629
11Carlisle619
12Mansfield608
13Cheltenham6-68
14Crewe617
15Notts County6-27
16Coventry6-47
17Barnet6-36
18Morecambe6-36
19Swindon6-45
20Yeovil6-44
21Chesterfield6-74
22Port Vale6-74
23Crawley Town6-43
24Stevenage6-92

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

Latest Results (all divisions)



Question of the Week

Is the squad strong enough to challenge for promotion?

Strong yes
Weak yes
Neutral
Weak no
Strong no


 

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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