The Fishy - Grimsby Town FC



League Two Table

  PGDPts
1Stockport45+4790
2Wrexham45+3685
3Mansfield45+4283

4MK Dons45+1375
5Crewe45+470
6Barrow44+969
7Crawley Town45+467

8Walsall45+166
9Doncaster44065
10Gillingham45-1064
11AFC Wimbledon45+1063
12Harrogate Town45-763
13Bradford44-361
14Notts County45+359
15Morecambe45-1358
16Newport County45-1056
17Tranmere45-155
18Accrington Stanley45-955
19Swindon45-454
20Salford45-1748
21Grimsby45-1747
22Colchester44-1745

23Sutton Utd45-2541
24Forest Green45-3637

Full League Two Table
Prem|Champ|L1|L2|NL|NLN|NLS
SPL|SC|S1|S2

Follow the Fishy on Twitter
NewsNow logo

Question of the Week

Who will go down?







 

Shares Plans Given Thumbs Down

By: Rob Sedgwick
Date: 26/11/2001

A MINORITY of Grimsby Town shareholders, including former Chairman Bill Carr, have blocked the club's plan to increase GTFC's share capital by around £300,000. With a 75% majority required to back to scheme, only 60% of existing shareholders were in favour of the proposals, therefore blocking them.

The club had come up with two proposals on how the share capital could have been issued. The first option would have been to allow the club to issue shares to any party who was interested in buying them, with the second choice to have alloted shares for existing shareholders on a one-to-one basis in a Rights Issue.

A clearly disappointed Grimsby chairman Peter Furneaux told Radio Humberside that the decision could have repercussions for the Mariners' proposed move to a new ground at Great Coates. "Without this being the first step we cannot issues shares for new issues, for example the new stadium. Without the first step, there won't be a second step" hinted the Chairman.

Although the amount of £300,000 which could have been raised would not have been significant in terms of addressing the club's mounting debts, the board had hoped to bring in some extra capital and test the mood of shareholders ahead of big decisions such as the new stadium which are around the corner. The Town Chairman had appealed to different factions of the club's shareholders to settle their differences ahead of today's crucial vote.



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
Thread TitlePostsLatest Post
"Beat the Clock"  Swindon28promotion plaice20/04 14:59
Seats update v Swindon48rancido20/04 14:53
Swindon (H) Match Thread18Heswall Mariner20/04 14:46
logic15Heisenberg20/04 13:12
Cup Replays Scrapped 104lee6520/04 13:06
Prediction Thread Swindon H38promotion plaice20/04 13:00
Scunthorpe.4,357RonMariner20/04 12:23
TV Games/Upcoming Fixtures4SiteBot20/04 04:30
The Financial Brutality of The Championship 24forza ivano20/04 00:31
Steve Evans34Azimuth19/04 21:26