Delancey

[dloman]

There's loads of land by Sadler's Farm and the A130 link between there and the A127... that has always struck me as the perfect place.


I think you will find a fair bit of this land is owned by a Mr Jeff King, did see proposals for a travelodge type hotel there at one stage.....

 

[Spaceman Spiff]

Quote[/b] (Hong Kong Blue @ Oct. 04 2005,11:44)]

Quote[/b] (Spaceman Spiff @ Oct. 04 2005,11:28)]

Quote[/b] (Hong Kong Blue @ Oct. 04 2005,11:26)]

Quote[/b] (Spaceman Spiff @ Oct. 04 2005,11:20)]

Quote[/b] (fbm @ Oct. 04 2005,11:11)]Personally I wouldn't want to cheese Delancy off too much at the moment considering the fact that, as part owners of the company that owns Roots Hall, all they have to do to cause an extremely difficult financial situation is to ask for a court order for the sale of the ground on the issue of non payment of rent.

They cant do that as it is protected by covenant.

I haven't seen the covenant, but I would imagine that the covenant deals with use of the land, rather than the ownership of the land.

If anyone (terryinthewest?) has a copy of the covenant, I should be grateful if they could PM me.

It does. But there would be no value in someone buying that land unless they had an interest in the club - as they couldn't do anything with it.

I think fbm's point was that the club owes large amounts of money to Delancey and that if Delancey decided to call in this debt, it would cause huge problems for the club.

The fact that there is a covenant restricting the use of Roots Hall is going to be of little comfort if there isn't a football club to benefit from it.

Of course.

However I was responding to the suggestion that a court could order the sale of roots hall to cover the debt - while there is still a club.

Of course Roots Hall could be sold, but no-one would buy while's still a club. If there's no longer a club, it wont be necessary to get a court order to sell the ground.

 

[Firestorm]

I didn't think there was a covenant on Roots Hall, I thought there was just an understanding with the local council that they would not grant planning permission on RH unless there were alternative facilities for professional football in the borough.

Something which would not really come into effect if there was not a pro team .

I agree with the not protesting at the game thing on several accounts.

We are 2nd in the table and playing really well, the team have said how much the crowd has helped we need to be getting behind the team all the way

We owe delancey 5.5M according to the last accounts, enough for them to put the club into administration over ..Minus 10 points immediately. The higher the club profile, the more damaging it would be for delancey to be seen to be pulling the plug (and also the better the chance of a buyer) so we should really let the team get Southend united in the public eye.

As for the comments about Delancey holding us to ransom, This is the lot who wrote off nearly 1.5M of rent, have bailed the club out on several occasions (Those who went to the last winding up order hearing will remeber that) and basically subbed us up when no one else would. They have been owed a shed load of money for considerably longer than they ever anticipated and have only just started to make waves about getting it back or getting their money's worth on what they have invested in. Now I am not condoning them in what appears to be a monetarily driven tightening of the screws on RM, however lets take everything into consideration before firing off Emails etc which at best could make us all look, ill informed fools and at worst antagonise them to the extent that they feel they do not need the hassle.....1 pulled plug later and where are we ?

Ron needs to sort this out and sharpish, I hope our higher profile of late is sufficient to enable the additional funding to be raised.

 

[lucus]

Quote[/b] (Fish Fingers @ Oct. 04 2005,12:19)]and now i feel my thread was unduly deleted when these remain matt the shrimp. or are they part of your clique?

To be fair to Fish Fingers, he has got a point. We shouldn't have rules for some and rules for others.

 

[dave cusaks nose]

Quote[/b] (Firestorm @ Oct. 04 2005,12:21)]I didn't think there was a covenant on Roots Hall, I thought there was just an understanding with the local council that they would not grant planning permission on RH unless there were alternative facilities for professional football in the borough.

Something which would not really come into effect if  there was not a pro team .

I agree with the not protesting at the game thing on several accounts.

We are 2nd in the table and playing really well, the team have said how much the crowd has helped we need to be getting behind the team all the way

We owe delancey 5.5M according to the last accounts, enough for them to put the club into administration over ..Minus 10 points immediately. The higher the club profile, the more damaging it would be for delancey to be seen to be pulling the plug (and also the better the chance of a buyer) so we should really let the team get Southend united in the public eye.

As for the comments about Delancey holding us to ransom, This is the lot who wrote off nearly 1.5M of rent, have bailed the club out on several occasions (Those who went to the last winding up order hearing will remeber that) and basically subbed us up when no one else would. They have been owed a shed load of money for considerably longer than they ever anticipated and have only just started to make waves about getting it back or getting their money's worth on what they have invested in.  Now I am not condoning them in what appears to be a monetarily driven tightening of the screws on RM, however lets take everything into consideration before firing off Emails etc which at best could make us all look, ill informed fools and at worst antagonise them to the extent that they feel they do not need the hassle.....1 pulled plug later and where are we ?

Ron needs to sort this out and sharpish, I hope our higher profile of late is sufficient to enable the additional funding to be raised.

well said mate

 

[SUFCFARAWAY]

Quote[/b] (lucus @ Oct. 04 2005,12:26)]

Quote[/b] (Fish Fingers @ Oct. 04 2005,12:19)]and now i feel my thread was unduly deleted when these remain matt the shrimp. or are they part of your clique?

To be fair to Fish Fingers, he has got a point. We shouldn't have rules for some and rules for others.

I need to ask - what is the clique? how did it start? It seems that sometimes the so-called clique have the running of this forum and that not everyones views are taking into consideration into greater detail as ones posted by said members of the clique? Isn't this prejudice towards people who are not part of this called higher class group of southend supporters? And is this post gets deleted I know why!

 

[Kent Shrimper]

Quote[/b] (lucus @ Oct. 04 2005,12:26)]

Quote[/b] (Fish Fingers @ Oct. 04 2005,12:19)]and now i feel my thread was unduly deleted when these remain matt the shrimp. or are they part of your clique?

To be fair to Fish Fingers, he has got a point. We shouldn't have rules for some and rules for others.

im now even more intrigued by what he wrote

 

[The General]

Not the whole f*cking clique thing again.

Perhaps that should be pinned next to the North Bank threead.

 

[Upminster Blue]

I'm surprised that the Trust haven't been mentioned so far.  It strikes me that RM wants to buy Delancey out and presumably Delancy want out provided they get a reasonable deal.  After all, they're property developers who will want to realise their investment at some stage to move onto the next deal - Roots Hall is currently tying up a lot of their capital with no return (ie rental income) on their investment.  The current impasse means the RM and the club are losing out (no new ground) as is Delancy (a dead duck of an investment).

Presumably an increased offer from RM for Delancy's stake would do the trick but it appears he does not have the funds.  So, how about the Trust and/or supporters bridging the gap in return for a stake in the club?  

I have no idea what sums of money would be involved, and am not saying it would be easy, but other supporters trusts have done something similar so it must be possible.  The Trust's current fighting fund means there's some cash already available and I'm sure fans and local businesses would be willing to contribute.  I certainly would be willing to contribute for some shares in the club if it means we can get Fossets Farm.

Strikes me as a way of meeting everyone's objectives:

* new ground for the club;
* Delancy can move on to their next deal;
* the Trust and supporters get part ownership of the club; and
* RM maintains his (majority) interest in the club and Fossets Farm.

I hope this is something that the Trust is looking into urgently.

 

[Smiffy]

Maybe we need to tap Alison up, she must have a few quid??!!....

 

[Smiffy]

Brentford supporters have managed to find £800,000 or so....

That gives us some hope at least.

As UB pointed out...maybe we should find out from Uncle Ron, what exactly the short fall is and see if we can come to some sort of solution and agreement over the supporters finding the funds, in exchange for a share of the club.

Anyone here from the Trust willing to comment?

 

[TrueBlue]

Is this situation not in the trusts intrest?

 

[Upminster Blue]

Quote[/b] (TrueBlue @ Oct. 04 2005,13:15)]Is this situation not in the trusts intrest?

Exactly, the Trust/supporters buying a stake would result in everyone winning.

 

[SUFCFARAWAY]

Anybody know any russian billionaires who would like to buy a football club that has good potential?

 

[TrueBlue]

Though how much have the trust go to offer?

 

[Upminster Blue]

Quote[/b] (Smiffy @ Oct. 04 2005,13:13)]Brentford supporters have managed to find £800,000 or so....

That gives us some hope at least.

As UB pointed out...maybe we should find out from Uncle Ron, what exactly the short fall is and see if we can come to some sort of solution and agreement over the supporters finding the funds, in exchange for a share of the club.

Anyone here from the Trust willing to comment?

If a viable business propostion is put together that is well presented and marketed to the Southend public and businessess, raising a significant sum should be possible.

 

[Matt the Shrimp]

Quote[/b] (lucus @ Oct. 04 2005,12:26)]

Quote[/b] (Fish Fingers @ Oct. 04 2005,12:19)]and now i feel my thread was unduly deleted when these remain matt the shrimp. or are they part of your clique?

To be fair to Fish Fingers, he has got a point. We shouldn't have rules for some and rules for others.

I was at a meeting.  He, of all people, most certainly does not have a point.

The posts have been deleted and the author warned as to his conduct.

 

[Matt the Shrimp]

Quote[/b] (SUFCFARAWAY @ Oct. 04 2005,12:33)]I need to ask - what is the clique? how did it start? It seems that sometimes the so-called clique have the running of this forum and that not everyones views are taking into consideration into greater detail as ones posted by said members of the clique? Isn't this prejudice towards people who are not part of this called higher class group of southend supporters? And is this post gets deleted I know why!

Yawn.

There is no clique, and even if there is, I'm certainly not in it.

 

[Upminster Blue]

Quote[/b] (TrueBlue @ Oct. 04 2005,13:19)]Though how much have the trust go to offer?

It's not what they've currently got to offer but what they could potentially offer.

As I said, a well presented and marketed business plan with, crucially, something in return for a donation (eg shares in the club or Fossets Farm, discounted season tickets for x years etc) could bring significant results.

I'd be very surprised if we're talking about Russian Billionaire sums of money so it could be possible.

 

[TrueBlue]

Quote[/b] ]There is no clique, and even if there is, I'm certainly not in it.

bet your the ring leader!