COSU Statement - 25th June 2024

[bluesfansince1952]

I'd definitely do this, I'm just conscious, that should we have custodians who care about Southend as much as I do , and putting up a lot of capital, rather than the parasite that was Ron. I could front up more money as a signal of solidarity, Sadly, like most of us, I am not hugely wealthy, but I could certainly front up season ticket level money to help the club. Maybe a group of us exiles could fund a few season tickets that could be allocated to the Trust for them to use for young people/ disadvantaged people in the Southend area to enjoy a game.

'Maybe a group of us exiles could fund a few season tickets that could be allocated to the Trust for them to use for young people/ disadvantaged people in the Southend area to enjoy a game.'

Count me in.

 

[south247]

Can we all please make a commitment that we’ll never, ever, ever let any member of the consortium buy their own beer in Southend ever again?

And chip in a few quid to send Chris Phillips on a well deserved holiday (that he can't afford). He has been incredible for us in recent times.

 

[Shrimper]

So are the consortium trying to agree a deal for the club itself with the rest to be decided later?

 

[Booma]

They will update us on the PG twitter feed I would imagine

Drunk after the football

 

[Massimo Giovanni]

Out of all this, and all the bad stuff for the last 20 years, surely, Rat, must be a business pariah? He can not be a credible developer/partner?
What ever the talk is Rat must be an awful person to try and get the truth from; with an argument and likely falsehood lurking behind everything.
How is he not banned, forbidden, blacklisted from every corner of business, or indeed social contacts for the harm and distrust he has caused?
And his church/religion? excommunication or the inquisition would be in order.

 

[Big_Nath]

As another Nath, also living in Wales (although born in Rochford), count me in as well

Good strong name that is!

 

[Billy is the best]

Out of all this, and all the bad stuff for the last 20 years, surely, Rat, must be a business pariah? He can not be a credible developer/partner?
What ever the talk is Rat must be an awful person to try and get the truth from; with an argument and likely falsehood lurking behind everything.
How is he not banned, forbidden, blacklisted from every corner of business, or indeed social contacts for the harm and distrust he has caused?
And his church/religion? excommunication or the inquisition would be in order.

I expect he will get a Knighthood in the Kings honours list

 

[Linda Loan Shark]

I can't keep up. We go from nearly safe to on the brink and back again. I am sure we will have some more ups and downs this week but hopefully there is a light at the end of this very long tunnel

 

[kentblues]

There’s been fixed and floating charges over SUFC since 1999. Last year these were then rejigged in anticipation of the sale.

As for it not having any value imagine the phone conversation

Ron: hey there Mr Lender. You know that security you took for the £18m I borrowed from you
Lender: yes, I think it was a bit more than £18m I lent you but go on…
Ron: well it turns out it’s not worth anything so be a good chap and just let me release it. Oh and it is of the upmost importance that it’s done by tomorrow morning, well this afternoon really, let’s say by 12:30?

No lender worth their salt is going to accept as security charges on something that has no value. Even the most cursory DD will show that up. If you’re right then the club sale won’t happen, but I believe it’s not the obstacle being suggested and the sale will happen. Let’s see not long to wait.

Re RH those terms would continue as before as no way CRBE can be paid away.

 

[Sleaford Shrimper]

Looking at ways to raise money to help the club financially, two golf clubs that I have belonged to in the past have run a weekly 100 Club where 100 members pay £2 a week with the chance of 2 of them winning £25 if their number comes up in the weekly draw, and the club makes £150 a week.

If 1000 fans opted into a Shrimpers1000 Club at £2 a week with the chance of 10 members winning £50 each week, it would make the club £1500 a week = £78000 a year.

A Shrimpers 500 Club paying out 5 prizes of £50 each week would make £39000 a year.

Just a thought. I'm not sure if gambling laws would allow the club itself to run something like this itself without having to pay tax on the profits but the Trust might be able to?

 

[jphfitz]

Looking at ways to raise money to help the club financially, two golf clubs that I have belonged to in the past have run a weekly 100 Club where 100 members pay £2 a week with the chance of 2 of them winning £25 if their number comes up in the weekly draw, and the club makes £150 a week.

If 1000 fans opted into a Shrimpers1000 Club at £2 a week with the chance of 10 members winning £50 each week, it would make the club £1500 a week = £78000 a year.

A Shrimpers 500 Club paying out 5 prizes of £50 each week would make £39000 a year.

Just a thought. I'm not sure if gambling laws would allow the club itself to run something like this itself without having to pay tax on the profits but the Trust might be able to?

Hey, Fantastic idea. If anyone fancies it:

100 Club

Over the years the Trust's 100 Club proceeds have been an important part of our fundraising programme and have been put towards the various purchases and donations given to the Club, including much needed physiotherapy equipment and the substantial support given to the Centre of Excellence. This...

www.shrimperstrust.co.uk

 

[Ozzer]

Looking at ways to raise money to help the club financially, two golf clubs that I have belonged to in the past have run a weekly 100 Club where 100 members pay £2 a week with the chance of 2 of them winning £25 if their number comes up in the weekly draw, and the club makes £150 a week.

If 1000 fans opted into a Shrimpers1000 Club at £2 a week with the chance of 10 members winning £50 each week, it would make the club £1500 a week = £78000 a year.

A Shrimpers 500 Club paying out 5 prizes of £50 each week would make £39000 a year.

Just a thought. I'm not sure if gambling laws would allow the club itself to run something like this itself without having to pay tax on the profits but the Trust might be able to?

There is already a Blues Lottery. Hopefully, it will receive more publicity and more support from an enthusiastic fanbase.

 

[Sleaford Shrimper]

Hey, Fantastic idea. If anyone fancies it:

100 Club

Over the years the Trust's 100 Club proceeds have been an important part of our fundraising programme and have been put towards the various purchases and donations given to the Club, including much needed physiotherapy equipment and the substantial support given to the Centre of Excellence. This...

www.shrimperstrust.co.uk

Apologies. I hadn't realised that the Trust already runs a 100 Club.

 

[Thundersley Blue]

Would a solution be another Share Issue once COSU are officially owners of the Club ?

 

[Colchester John]

'Maybe a group of us exiles could fund a few season tickets that could be allocated to the Trust for them to use for young people/ disadvantaged people in the Southend area to enjoy a game.'

Count me in.

And Me

 

[Hawkwell Blue]

Apologies. I hadn't realised that the Trust already runs a 100 Club.

The irony being most of the Trust committee are 100

 

[C'mon you Shrimpers]

Who remembers the brown canvas thing they carried round to collect doations. Think it was stopped when it became too dangerous when fans threw coins a bit too strongly.

 

[Jai]

The irony being most of the Trust committee are 100

They've probably aged about that much over the past month tbf.

 

[ColinMorrisWalksOnWater]

OK those with an eye for detail and the appropriate knowledge, my turn to ask a question based on today's statement from COSU, relating to the NL £1m Bond.

If, as stated, COSU do get ownership of the club officially and with the WUP hopefully dismissed tomorrow, if PG Site Services make a similar deal with COSU and are the only other sponsors of the WUP.

The situation is that with no WUP in place AND COSU the official owners of Southend United Football Club, does this then trigger clause 1 of the Bond statement and as such no Bond would be needed as item (i) below would have been successfully completed:

"(i) an ownership agreement with the consortium currently in talks with the Club being successfully concluded, to the satisfaction of the National League and the FA"

 

[Suomi Shrimper]

I'd definitely do this, I'm just conscious, that should we have custodians who care about Southend as much as I do , and putting up a lot of capital, rather than the parasite that was Ron. I could front up more money as a signal of solidarity, Sadly, like most of us, I am not hugely wealthy, but I could certainly front up season ticket level money to help the club. Maybe a group of us exiles could fund a few season tickets that could be allocated to the Trust for them to use for young people/ disadvantaged people in the Southend area to enjoy a game.

Great idea for something more immediate. Count me in.