‘Butcher’s boy’ became co-owner of a football club venture capitalist – Andrew Pettit in his own words


He’s jokingly described as the butcher’s boy next to the tech entrepreneur running Grimsby Town – but it was the abacus, not the carcass, that whetted Andrew Pettit’s business appetite.

Today Pettits Lincolnshire sausages will be sold in Blundell Park for the first time, a clever promotion of the family favorite on Great Grimsby Day – but it represents a first foray into the work of three previous generations since the revenue count at the sadly lost Bethlehem Street until many moons ago.

Now vice president of his beloved Mariners, he gave a glimpse of his journey from the turnstile to the boardroom, to a business audience before the bangers debuted.

Read more: Grimsby Town’s plans for a new stadium are on ice

“I’m a little disgusted, I don’t like the sight of blood, so although I might have been the natural person to take over, in the 70s I chose to count the money on a Saturday – and it led me down a financial path,” said the venture capitalist who, according to Jason Stockwood, had a “better career than me.”

He told the Hull and Humber Chamber of Commerce meeting he had ‘worked very hard’ at the ‘august institute’ that was Hereford School, becoming the first in the family to go to university, and that he modestly put his career choices to good use. luck from there.

“I was lucky; fortunately, I chose law and French to study, because being able to speak French gave me the chance to have an interview at Clifford Chance – the only real interview I I’ve ever had,” he said.

It is widely regarded as one of London’s most prestigious multinational law firms.

Andrew Pettit, right, and Jason Stockwood look on during a training session at Cheapside Training Complex.

“I met my wife there, who was a real estate lawyer, and I was drawn to property for more reasons than most. I qualified in real estate when the recession of the 90s hit, a pretty bad time, everyone was going into banking and finance and I went into real estate which was lucky too.

Because the next bust comes boom, and he’s barely looked back since.

He was also frequently sent to other companies, spending six months at Airbus in France and then at the infamous Lehman Brothers.

“I went there in the mid-90s, went back to Clifford Chance, but got a call from my old boss saying ‘come and join us’.”

Leaving the practice of law behind, he was asked to “go check out the French distressed loan market”, he did, made a pile of money and was elevated to partner.

He quickly grew weary of the politics that came with the post, heading for the door four years before his disappearance signaled the financial crash of the late 2000s.

“I decided I had to work for my own company and started Revcap, a real estate private equity firm. It’s been going on for 18 years, we do real estate transactions all over Europe. I’ve never wanted to work for someone else, now we have 50 people, offices in London, Paris, Stockholm, and invest for investors all over the world, from teachers in Texas to royal families in the Middle East, and I love really do that.

“What identified me, throughout my career, was being from Grimsby, being a Grimsby Town fan. That identity, looking back and looking forward, was something something I wanted to capitalize on. And when the opportunity arose to work with Tom (Shutes), to provide a platform to give back, that was what I wanted to do.

He had seen the philanthropist with vague ties to the city lay out his vision in a Grimsby Telegraph article, got his number and told him about his background and interests. Mr Stockwood was also on board, and the pair were introduced – “serendipity” as it was described.

Jason Stockwood, left, and Andrew Pettit with Hull and Humber Chamber of Commerce President Phil Jones, centre, as the couple greeted members of the Grimsby business community.
Jason Stockwood, left, and Andrew Pettit with Hull and Humber Chamber of Commerce President Phil Jones, centre, as the couple greeted members of the Grimsby business community.

Mr Shutes has moved closer to the John Fenty takeover deal being finalized – a deal that ‘there’s a book in there somewhere’ – but it’s clear the duo have blossomed and , although not completely aligned, shares many values.

“Grimsby Town is part of my identity. I first came in the 1974/75 season and have been coming ever since,” he said, adding: “It’s despite having a wife who is a Leeds fan and a son who is an Arsenal fan. – they have always made me happy by coming with me on several occasions. »

Making the leap from fan to keeper, he said: “I never wanted to own a football club – I’ve met a few people who have, who said it was a bad idea, and certainly a bad idea economically and for other reasons too, but my interest was sparked when our ’empty chair’, our third, Tom Shutes, presented in the Grimsby Telegraph his vision for the city and the club.

Should it all go wrong, the newspaper could feel pangs of guilt, as the author of this article half-jokingly floated the idea of ​​joining Mr Stockwood when he was interviewed about a huge sale of technology a few years ago, and his love for the club was made crystal clear.

“In the end, Tom didn’t stick with it, but it worked out really well, we have fantastic complementary skills,” Mr Pettit said of the working relationship, as he puts real estate and finance in the foreground.

“Jason is interested in communication, building culture and business acumen. It’s a fantastic cocktail for the club.

Praising the efforts of first general manager Debbie Cook, who came from leadership positions in the city with Seafish and YMCA, he explained how the constant scrutiny of the fanbase was different from quarterly shareholder briefings.

“The public responsibility to be the guardian of an institution that is 144 years old is immense,” he said. I think we both underestimated that.”

Stating that these were “small incremental changes to make a big difference”, he said: “We want to improve football and that creates a virtuous flywheel.

“When football is going well, everyone feels good, it helps everyone. It brings together people from very disparate groups and ages, it’s a very unusual animal. We want to create shared memories, success, a sense of opportunity and community.

“We want to create a place where everyone feels welcome, everyone has a sense of inclusiveness, a civic institution and a club that people are proud to be associated with and work with.”

Tony Ford’s contribution and Wayne Burnett’s golden goal at Wembley are key markers of memory, while John McAtee’s sublime strike last Saturday is also etched there.

You sense that they, as much as the many others heading to Blundell Park, are eagerly awaiting what is to come.

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