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🎞️Freeview | John Fenty On Takeover Rumours

8 January 2019

Grimsby Town majority shareholder John Fenty says there’s “no foundation” to recent rumours of a takeover of the club.

He said: “Since 2010, when I stood down as Chairman, the door was wide open for an approach – a complete takeover, somebody to invest in the club, or join the board, and ultimately that’s borne no fruits.

“The football club remains up for interested parties – the door’s wide open, and, whatever guise that might take, we’re very, very happy to sit down and have a discussion.

“In terms of speculation, there’s no foundation to anything that has been said out there.

“There was an interested party two or three months ago – they had made an offer to take the football club forward, but it ended there.

“They seriously wanted to move forward but, at the same time, they weren’t providing us with the proof of funds, and the necessary business case for taking the football club forward.

“And, ultimately, all we are is custodians of the football club – there has been many before us, and it’s hugely important that there is many after us, and that the football club remains a legacy for future generations.

“So it’s bestowed upon us to ensure that any new owner, or any new interested party, has got the wherewithal to run this football club and take it forward, and hopefully improve our business case, and ultimately engineer a relocation for the football club.

“The task sits with the board to ensure that any interested party coming forward has the means, the wherewithal, and the vision, for the football club – and so far we haven’t seen that from any interested party.”

And he also gave an update on the potential relocation of the club to a new stadium.

He said: “Peaks Parkway was stalling for a number of reasons, but ultimately it remains my opinion that it is the best location because it’s virgin land, it’s easy to develop, we know the cost of acquisition of that land, which is affordable.

“And, ultimately, there is a better ability to have an enabling development associated with that development in that location – whether it be part retail and part housing.

“So in the longer-term, and way into the future, I believe that if the football club could make it happen there, all the better.

“But, having said that, the Council clearly signalled that there isn’t political support for that, and that’s largely because things have changed locally.

“There is no silver bullet for relocation – we haven’t got huge demand for housing, we haven’t got huge demand for retail, and they are the two vehicles that broadly football clubs are raising funds from to be able to relocate.”

 Watch the full interview for free on iFollow Mariners.


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