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Page last updated at 18:15 GMT, Thursday, 10 March 2011

Grimsby shareholder Mike Parker close to doubling stake

Grimsby Town

Former Grimsby Town vice-chairman Mike Parker is close to doubling his stake in the Blue Square Bet Premier club.

Parker resigned from the Grimsby board last week, but is now set to take his investment in the club to £1m.

He told BBC Radio Humberside: "I've made a formal application for the shares and I've had a verbal acceptance of that offer.

"It's still got to happen in terms of the issuing of those shares but I don't foresee any problems with that."

He added: "I think the first part of this could happen fairly quickly, probably in the next week or so."

Parker handed in his resignation from the board on 1 March and in a statement said: "There is not the appetite for change at board level which I had hoped for and been led to believe existed."

But the lifelong-Grimsby fan went on to add: "Clearly I will remain a substantial shareholder in the club and I will continue to work in its best interests. At this stage, I see this being best done from outside the boardroom, rather than within it. As a lifelong fan I will always have the best interests of the club at heart and hope for every success in the future."

The Mariners are currently searching for a new manager after the sacking of Neil Woods last month, and Parker says that must be the club's priority.

"What the club has to do now is concentrate on sorting out its managerial situation and what it's going to do on that front," he added.

"I'd like to leave John [Fenty, Grimsby Town chairman] and the rest of the board the opportunity to concentrate on that and then we'll pick these other issues up."

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see also
Parker quits Grimsby Town board
01 Mar 11 |  Grimsby
Grimsby chairman eyes new manager
25 Feb 11 |  Grimsby
Grimsby part with manager Woods
23 Feb 11 |  Grimsby
Grimsby Town appoint new director
10 Nov 09 |  Grimsby

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