COSU Statement - 25th June 2024

[kentblues]

I totally agree. He can now take his time and counteroffer at every turn. He'll think, "why do I have to take your offer." He does not have to rush this now.

Of course, for the short term (saving the club) in the immediate, is great. However, it is the same scenario, how long can this go on for?

I'm still perplexed that so many successful businessman who make up our consortium, have taken this huge risk. This man has no soul or scruples. He is a parasite that won't hesitate to feed off any goodness others have.

I think/hope today HoT will be agreed and the takeover immediately follow. I assume there will be some statement from SCC re timelines for DD. The bit that has changed- a very big bit- is takeover happening prior to DD and signed contract and no doubt no security from Ron..
However, I suspect both SCC and COSU are convinced Ron needs this to all conclude- he is out of options and has to be servicing significant debt on unfavourable terms.

IF he does owe £45m servicing that is going to add £3-4m per annum???

 

[BEERMONSTER]

"Not all heroes wear capes"

 

[Flinty]

Don’t forget that RH has a Covenant on it relating to a stadium for the club to play in, and FF Planning is on condition that a stadium is built, that is the current safeguard. Once revised planning is approved at FF I would assume it would have some conditions relating to RH / COSU(POSU) / SUFC to safeguard the club

 

[Leeboy]

"Not all heroes wear capes"

"Most of my heroes don't appear on no stamp" - Public Enemy