The Grimsby Town FC


League Two Form Guide

6Crawley Town6412
9Cambridge Utd6411
18Accrington Stanley6-55
20Leyton Orient6-74
22Newport County6-72
24Notts County6-111

Full Form Table

Latest Results (all divisions)

Question of the Week

How much would you accept for Omar Bogle?

Not for sale!


Furneaux: We Will Survive (For a Year)

By: Rob Sedgwick
Date: 15/10/2002

TOWN Chairman Peter Furneaux in an interview with the Grimsby Telegraph has claimed that the Mariners have avoided the immediate spectre of administration, after nipping their financial problems in the bud during the summer with a series of drastic cost-cutting measures.

Furneaux claims that in stark contrast to some of the other First Division clubs, who now face financial ruin to the extent where they have no option but to enter into administration, Grimsby have "no immediate plans" to go down the same avenue as many of their more illustrious counterparts are heading or have already gone.

"Because of our history we recognised the problems before other clubs who were still handing out big contracts and living in cloud cuckoo land," the chairman told the Grimsby Telegraph.

"Because of what we did in the summer, there is no danger of us going into administration. We've seen the way forward and have planned for the next 12 months. That's as far as anybody looks in football.

Although Town still have debts of £4-million, Furneaux believes that by acting early the club's finances have been reined in to the extent where the board expect to reduce their overall losses on a year-on-year basis, despite having lost 55% of their income due to the collapse of ITV Digital during that time.

There are only so many cuts you can make before there's nothing left...

"We've just been trying to react to the problem for a long time and we've minimised it. There are only so many cuts you can make before there's nothing left."

The club's measures to cut costs involved:

  • slashing the wage bill by imposing a cut of up to 20 per cent for non-playing employees and coaches.
  • off-loading several players, with several more still rumoured to be under consideration, including key asset Danny Coyne, as exclusively revealed by The Fishy this week.
  • deferring bonus payments to last year's squad for avoiding relegation in 2001-2002 until December this year, and seeking help from the PFA to honour their debts to the players, several of whom have since departed.
  • introducing a strict salary cap for new signings, and avoiding paying any transfer fees for new players.

    By reviewing the costs of running the club from top to bottom, despite having to make some tough choices, Furneaux is keen to stress the club have to continue with their policy of parsimony to reduce costs still further and ensure Lincolnshire's premier beacon of sporting excellence continues to exist - for another year, at least.

    "The club is not on the brink of administration, but that doesn't mean that everything is okay. Everybody has to realise what would be lost if the club ceased to be.

    "What would Grimsby as a town lose if we didn't have a football club? It's a very real threat.

    "This adversity has brought people at the club together and now we appeal to the fans and local businesses to keep backing us.

    "We've got to get through this difficult time for football. The average crowd in the first division is 15,000, ours is 6,000.

    With everybody's help the club will survive...

    "With everybody's help the club will survive and anyone who wants to help us, including the council, should come forward and we'll be pleased to hear from them."

    Add To Facebook

    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!

    Related Stories

    Forum Latest
    TitlePostsLatest Post
    Upcoming Fixtures1SiteBot23/01 03:26
    Scum with fish hooks!22Mandy Dunnit vs Hettie23/01 02:33
    Leyton Orient & Portsmouth Away4immariner23/01 01:33
    Stevenage - 3 points from 6 games7Trawler23/01 00:58
    Ryan Mason9topuphere66622/01 23:34
    Word Association Game37,700topuphere66622/01 23:20
    Change/add-a-letter/remove-one Word Game thread...25,240Biccys22/01 23:17
    Listen36AussieMariner22/01 23:11
    Danny Andrew21The Old Codger22/01 23:11
    Just Back84Mikoo22/01 22:40

    News  | Features  | Submit Article  |   | 
  • © 2017