Question of the Week
How much would you accept for Omar Bogle?
Huxford Takeover Bid Faces Crisis
By: The Fishy News Team
BRYAN HUXFORD's bid to take over Grimsby Town is reported to have hit a hitch because a major shareholder has asked for more than the offer price. The former Town director will be forced to ask his backers if they are prepared to stump up more cash to enable the change of ownership to go through.
The major shareholder, who the airline chief refused to name explicitly, is believed to be Dudley Ramsden, the largest investor in GTFC with a 26% stake. Huxford told Radio Humberside: "It was made known to me that one shareholder required a larger sum for his equity.
"It will put the cost of the takeover from Â£600,000 to nearly Â£1 million. That really throws the whole thing into doubt. This may well take the acquisition cost to a level which I cannot afford to pay."
Needing 76 per cent of the shareholding to effect the takeover, Huxford had initially hoped to secure the required funding himself, but now may need financial aid from his backers at an earlier stage than had originally been antipated.
"...If the answer's no then I will concede defeat and that will be in the next 24 hours..."
Although the deadline has been put back to July 21st, Huxford claims that the takeover issue will stand or fall within the next day. "I think I'll know the answer to the question long before then. If the answer's no then I will concede defeat and that will be in the next 24 hours".
An exclusive poll for The Fishy showed over 80% support from Grimsby's fans for Bryan Huxford's takeover bid.
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!
- City Gives Huxford the Nod
- Bryan Huxford's Offer for GTFC Shares Goes Out
- Bill Carr and Co To Sell Shares To Huxford
- More Stories
|Asante and Osborne||18||Mikoo||18/01 20:09|
|Imps vs Ipswich Predictions||150||1mickylyons||18/01 20:03|
|Our Midfield||41||grimsby pete||18/01 20:02|
|3 new signings||7||The Singing Fisherman||18/01 19:51|
|FA Cup 3rd Round 1928/29||9||Les Brechin||18/01 19:48|
|Sam Jones, Asante and Osborne||184||The Old Codger||18/01 19:47|
|New Fishy Pontoon Buster Game||16||Les Brechin||18/01 19:37|
|Hignett sacked by Hartlepool||19||wormy||18/01 19:24|
|Change/add-a-letter/remove-one Word Game thread...||25,171||Biccys||18/01 18:54|
|Word Association Game||37,629||topuphere666||18/01 18:53|
News | Features | Submit Article | |