SUFC: The Future Consortium and Ron exchange contracts... so when will they be signed??

[Holy Joe]

I am confident. If the deal collapses it will be ruinous for Ron. Not only will the FF houses not get built (causing his creditors like CBRE to come for him and his money) but COSU will also go after him for all the money they've sunk into the club they weren't able to own.

Ron is in an unimaginable level of debt; so much so that even IF all the homes at FF were to be built, it might not be enough to get him into the black. He cannot let this deal collapse. He will lose everything.

There's not much, asset wise, in Ron's name anymore is there?

 

[kentblues]

Sorry KB - really think you've gone too far with your derogatory remarks this time.

What you've said is highly insulting and unfair.

In fact, on reflection, you may see fit to withdraw some of what you've said.

I mean, how would you feel if you ran a fish and chip shop?

On reflection you are right- I should have said certain retail outlets- not least because I enjoy a nice fish and chip supper immensely. I humbly apologise to the many fish and chip shop owners who undoubtedly frequent our forum in vast numbers…

 

[kentblues]

This will get done but it's likely to be very, very slow.

Of course the politicians aren't business people, their interest is making the town better, not making money.

And how’s that going?

 

[Liam AAS]

And how’s that going?

Broadly fine. The city is not bankrupt (Thurrock, Birmingham, Nottingham etc.) and they have found enough money to save our football club.

 

[kentblues]

Broadly fine. The city is not bankrupt (Thurrock, Birmingham, Nottingham etc.) and they have found enough money to save our football club.

Well parking the political debate (which would be fun but not the place) they are not needing to find money for this transaction- it’s self funding and they end up owning substantial social housing stock. That said it’s understandable there needs to be DD to ensure there is no hidden exposure. What remains the case is the process is taking way, way to long. Which is AF’s point and she is their side of the fence.

 

[Bearded Shrimper]

But this isn't a new request from Rob though, that's my point, so why now and not before?

that I don't know, but could be any number of reasons

 

[Jay_SUFC]

I posted a link a week or 2 ago to a council document on the matter. Ron wants to completely change the financial aspect as well. It's a big change

Thanks - hadn't seen that link but appreciate you answering my question

 

[Tampa Blue]

Speaking to a consortium member and he advised that things were progressing and that it was in the hands of the council’s lawyers.

Seemed confident that it would proceed but stressed that we all know how slow lawyers work.

 

[Holy Joe]

Head councillor replies - Early April at the latest!

Council leader gives update on talks holding up takeover of Southend United

THE leader of Southend Council has given an update on talks with Blues chairman Ron Martin after MP Anna Firth hit out…

www.echo-news.co.uk

 

[Tommy2holes]

Tell you one thing, I am sooo pleased we won’t end up in Ron’s block of flats / stadium plan. That design really depressed me. Give me a revamped Roots Hall any day.

True but a revamped roots hall is going to cost a lot of money and further planning permission

 

[annie1954]

as usual any hold up regarding the sale of our club up pops chairman rons name .

 

[Smiffy]

Spotted this on X last night.

As if we didn't know, one of the first things the Consortium need to sort is this. Absolutely dreadful and shouldn't be allowed.

https://twitter.com/x/status/1765091713633157398

 

[SUBBlue]

Looks like Ron the Rat has been nibbling at this one..

 

[Gremlin]

Spotted this on X last night.

As if we didn't know, one of the first things the Consortium need to sort is this. Absolutely dreadful and shouldn't be allowed.

https://twitter.com/x/status/1765091713633157398

Please tell me that isn't real.

 

[Smiffy]

Please tell me that isn't real.

It is, regrettably.

 

[Swiss Tony]

Spotted this on X last night.

As if we didn't know, one of the first things the Consortium need to sort is this. Absolutely dreadful and shouldn't be allowed.

https://twitter.com/x/status/1765091713633157398

Over priced ****e served up with an attitude,get rid of them for next season.

 

[Swiss Tony]

Talking of the consortium does anyone know when the new scoreboard is due?and the clock on the south stand being fixed?

 

[Napster]

Over priced ****e served up with an attitude,get rid of them for next season.

The attitude of the staff in east blues is good. But the hot chocolate was the thin gruel they serve to orphans

 

[Napster]

Spoke to one of the consortium last night - it’s still an agonising wait.

 

[Swiss Tony]

Spoke to one of the consortium last night - it’s still an agonising wait.

Thanks Naps.