The Fishy - Grimsby Town FC



League Two Table

  PGDPts
1Bromley29+2159
2Cambridge Utd28+1653
3Salford28+752

4MK Dons29+2551
5Notts County28+1451
6Swindon28+1249
7Walsall28+1149

8Chesterfield29+745
9Grimsby28+944
10Crewe29+843
11Colchester28+1042
12Barnet28+742
13Accrington Stanley28+440
14Gillingham27+438
15Fleetwood Town28037
16Oldham27+235
17Tranmere29-732
18Cheltenham28-2130
19Crawley Town29-1526
20Barrow27-1424
21Bristol Rovers28-2324
22Shrewsbury28-2423

23Newport County28-2520
24Harrogate Town29-2818

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Bryan Huxford's Offer for GTFC Shares Goes Out

By: Fishy News Room
Date: 26/06/2001

FORMER Grimsby Town Vice Chairman Bryan Huxford has now sent out his offer to all shareholders in his attempt to gain overall control of GTFC. Mr Huxford has confirmed that, with his backers, he is looking to buy all existing shares from current shareholders.

With only 270,000 shares on the market this means that the current board will have to agree to sell their shares to Huxford for him to gain control. In a statement earlier to The Fishy Mr Huxford revealed that he is hoping to secure 76% of the 270,000 shares currently on the market.

There are no details yet of what price Mr Huxford is offering but it seems that his need to secure 76% is to avoid the necessity to seek the approval of shareholders for his plans. Presently the constitution of the Plc dictates that to initiate changes in issues such as equity and changes to the Articles of Association, approval is needed by at least 75% of shareholders.

This will not be an easy task with major shareholder Dudley Ramsden previously declining an offer for his shares from some of the previous board members. Bryan Huxford, on the other hand, is hoping that shareholders will sell their shares in order for him to move the club forward and in previous statements has called upon them to "act in the best interests of the club"

"This isn't me playing games - I want to buy the football club and take it up to the next level. It will not work in this day and age with a committee running it. There has to be one boss and he has to be prepared to gamble to move the club on."

Shareholders should expect to receive their offer over the next few days.



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