Irate Ian
Members
Re-instated below as the former thread appears to have lapsed:-
Fomer thread titled: "Yes [6.3.2008] & The Future".
Ron Martin did confirm preparedness to supply answers, which are awaited.
I make no apology for re-posting these questions, first raised in thread "Ron Martin - Questions" dated 24.2.08 and which I will be meeting RM upon at 19.30 on this historic day at RH.
I will seek to post replies as early as possible to SZ, even if that means working through much if not all the night.
1. Who [names of all consortia members] or what corporation [and names of their shareholders] are the beneficial owners of the land on which the Fossetts development is proposed. Viz who are the beneficial owners and in what percentage terms are their stakes ?
2. In consideration for the release of restrictive covenant of use of land at Roots Hall now or previously, what if any long term security of tenure are SUFC to be granted at the proposed new stadia and by what vehicle or deed.
3. What terms of lease and anticipated rent is to be payable [and to whom] by SUFC at Fossetts. Also what termly rent reviews are proposed.
3a Does Ron feel that because of his possible need to maximise profits from the development, that he has any possible conflict of interest with the needs of SUFC to remain solvent during its use and occupation of the stadium.
3b If the immediate landlord sells the freehold, will any provision for SUFC being protrected against eviction be envisaged.
3c In the event of SUFC Ltd entering any form of Insolvency, will the football team trading under the name of Southend United be given first refusal to continue use and occupation under identical terms as SUFC Ltd under the proposed Lease or Trust Deed so that perpetual occupation by any re-incarnation of Southend United only be first assured ?
4. Who will be [a] the immediate and the residual landlord.
5. Will there be a right of forfeiture of lease for faliure to pay rent on a timely basis or other covenants.
6. Will SUFC have sole use of the stadium and capability to derive benefit of income from other permitted uses.
7. What other uses are envisaged.
8. Does RM envisage SUFC being capable of meeting payment of rent based upon the projected operating costs of SUFC at the new stadium.
9. What are the projected financials viz can the club sustain to trade with the overheads that are anticipated.
9a Do the financials assume higher level of average gate, if so what average number?
9b How was this number estimated and what if any market research may have been undertaken and will this be published, if so, when.
9c Has Ron considered raising capital by SUFC from its supporters by other than purchase of shares; for the advance purchase of season cards for [a] more than one year life [c] perpetual [in form of some type of foundation debenture purchase as with the Royal Albert Hall]
10 What liabilites are presently subsisting to the owners of Roots Hall by SUFC in respect of [a] rent service charges or other liability.
11 What is to be done concerning these liabilities if the development proceeds.
12 What if any pre-conditions are anticipated for advance purchase of season cards for above 1 year.
13 Will any purchase include all/or any events taking place at the stadium.
14 If not, will season card holders be afforded first refusal on other than football events in "their" seats.
15 What other information can Ron disclose to supporters that will serve to enable a greater understanding of the proposed legacy he anticipates bestowing upon SUFC in return for the club being the vehicle by which his or other development companies can ultimately re-develop the site of Roots Hall.
If any Shrimperzone members have any additional questions, would they contact John and please publish.
Await with interest Rons thoughts and comments.
Southend Utd 1st and last.
Up- Date: 7 March 2008
The reason I made no apology for re-posting is [1] the questions had pre-empted a yes decision and had [IMO] taken on greater relevence after yesterdays momentous planning announcement and [2] avoidance of criticism as to replication of the earlier thread.
Met RM at RH 19.40 - 21.10; Thurs 6 March 2008 together with The Flying Scotsman and my son [apologies to his P.A. & security officer for their late finish] on what was a momentous day in the history of our beloved club.
Also the culmination of years of hard work for RM and his team. Now the work really begins.....
His victory should not be under-estmimated and as caring supporters, we made him fully aware of our appreciation for his efforts at the head of the operation.
Ron was understandably shattered at the end of this brilliant news day and recovering from some nasty virus [hope does not pass through to the team during 1/2 time in the dressing room].
Ron will respond to each of the questions by email in the course of the next few days and I have agreed to post his replies in full for the benefit of all SZ members.
The fact that he was prepared to meet us at all, rather than simply reply in writing, or ignore the questions, is testiment to his hands on style/approach and his willingness to provide open responses.
I am satisfied from [1] our business like conversations [2] past and future football chatter/talk in genreral [which was equally illuminating - will not betray his confidences]; that the club are as secure as they can be under his leadership and the way forward is: Up.
We thanked him for his time and look forward to posting/forwarding of RM's detailed responses in the near future.
Flying Scotsman may well post replies relevent to his management of SZFC
Fair to report that RM can also be irate.
I believe that our meeting was however constructive and cleared up for me a number of basic uncertainties.
Ron's determination and single mindedness on all things football related, was very evident. He has his finger on the pulse, in minute detail, for sure.
The team and the stadium continuing to develop is a massive challenge, but one which I BELIEVE he and Tilly/Brush, will together achieve.
Ian W
3rd Up date: 19 March [2nd below]
RM did email me privately yesterday to confirm that he anticipates being in a position to reply to the listed questions by circa end of the week following the long Easter vacation weekend.
Footballing matters, are , I agree much more important at the business end of the season.
Did have the audacity to ask another - concerning our North Bank, being returned to home supporters for next two seasons. Hopefully we may have news sooner on that one, if possible.
Ian W.
4th Update: Thurs 3 April 2008
No news. All has gone quiet, I will email RM in next few days to seek indication of his anticipated response.
5th Update: Sat 3 May 2008
Until the priorities of the football season and the play-offs are over the questions will remain on the back burner.
__________________
Fomer thread titled: "Yes [6.3.2008] & The Future".
Ron Martin did confirm preparedness to supply answers, which are awaited.
I make no apology for re-posting these questions, first raised in thread "Ron Martin - Questions" dated 24.2.08 and which I will be meeting RM upon at 19.30 on this historic day at RH.
I will seek to post replies as early as possible to SZ, even if that means working through much if not all the night.
1. Who [names of all consortia members] or what corporation [and names of their shareholders] are the beneficial owners of the land on which the Fossetts development is proposed. Viz who are the beneficial owners and in what percentage terms are their stakes ?
2. In consideration for the release of restrictive covenant of use of land at Roots Hall now or previously, what if any long term security of tenure are SUFC to be granted at the proposed new stadia and by what vehicle or deed.
3. What terms of lease and anticipated rent is to be payable [and to whom] by SUFC at Fossetts. Also what termly rent reviews are proposed.
3a Does Ron feel that because of his possible need to maximise profits from the development, that he has any possible conflict of interest with the needs of SUFC to remain solvent during its use and occupation of the stadium.
3b If the immediate landlord sells the freehold, will any provision for SUFC being protrected against eviction be envisaged.
3c In the event of SUFC Ltd entering any form of Insolvency, will the football team trading under the name of Southend United be given first refusal to continue use and occupation under identical terms as SUFC Ltd under the proposed Lease or Trust Deed so that perpetual occupation by any re-incarnation of Southend United only be first assured ?
4. Who will be [a] the immediate and the residual landlord.
5. Will there be a right of forfeiture of lease for faliure to pay rent on a timely basis or other covenants.
6. Will SUFC have sole use of the stadium and capability to derive benefit of income from other permitted uses.
7. What other uses are envisaged.
8. Does RM envisage SUFC being capable of meeting payment of rent based upon the projected operating costs of SUFC at the new stadium.
9. What are the projected financials viz can the club sustain to trade with the overheads that are anticipated.
9a Do the financials assume higher level of average gate, if so what average number?
9b How was this number estimated and what if any market research may have been undertaken and will this be published, if so, when.
9c Has Ron considered raising capital by SUFC from its supporters by other than purchase of shares; for the advance purchase of season cards for [a] more than one year life [c] perpetual [in form of some type of foundation debenture purchase as with the Royal Albert Hall]
10 What liabilites are presently subsisting to the owners of Roots Hall by SUFC in respect of [a] rent service charges or other liability.
11 What is to be done concerning these liabilities if the development proceeds.
12 What if any pre-conditions are anticipated for advance purchase of season cards for above 1 year.
13 Will any purchase include all/or any events taking place at the stadium.
14 If not, will season card holders be afforded first refusal on other than football events in "their" seats.
15 What other information can Ron disclose to supporters that will serve to enable a greater understanding of the proposed legacy he anticipates bestowing upon SUFC in return for the club being the vehicle by which his or other development companies can ultimately re-develop the site of Roots Hall.
If any Shrimperzone members have any additional questions, would they contact John and please publish.
Await with interest Rons thoughts and comments.
Southend Utd 1st and last.
Up- Date: 7 March 2008
The reason I made no apology for re-posting is [1] the questions had pre-empted a yes decision and had [IMO] taken on greater relevence after yesterdays momentous planning announcement and [2] avoidance of criticism as to replication of the earlier thread.
Met RM at RH 19.40 - 21.10; Thurs 6 March 2008 together with The Flying Scotsman and my son [apologies to his P.A. & security officer for their late finish] on what was a momentous day in the history of our beloved club.
Also the culmination of years of hard work for RM and his team. Now the work really begins.....
His victory should not be under-estmimated and as caring supporters, we made him fully aware of our appreciation for his efforts at the head of the operation.
Ron was understandably shattered at the end of this brilliant news day and recovering from some nasty virus [hope does not pass through to the team during 1/2 time in the dressing room].
Ron will respond to each of the questions by email in the course of the next few days and I have agreed to post his replies in full for the benefit of all SZ members.
The fact that he was prepared to meet us at all, rather than simply reply in writing, or ignore the questions, is testiment to his hands on style/approach and his willingness to provide open responses.
I am satisfied from [1] our business like conversations [2] past and future football chatter/talk in genreral [which was equally illuminating - will not betray his confidences]; that the club are as secure as they can be under his leadership and the way forward is: Up.
We thanked him for his time and look forward to posting/forwarding of RM's detailed responses in the near future.
Flying Scotsman may well post replies relevent to his management of SZFC
Fair to report that RM can also be irate.
I believe that our meeting was however constructive and cleared up for me a number of basic uncertainties.
Ron's determination and single mindedness on all things football related, was very evident. He has his finger on the pulse, in minute detail, for sure.
The team and the stadium continuing to develop is a massive challenge, but one which I BELIEVE he and Tilly/Brush, will together achieve.
Ian W
3rd Up date: 19 March [2nd below]
RM did email me privately yesterday to confirm that he anticipates being in a position to reply to the listed questions by circa end of the week following the long Easter vacation weekend.
Footballing matters, are , I agree much more important at the business end of the season.
Did have the audacity to ask another - concerning our North Bank, being returned to home supporters for next two seasons. Hopefully we may have news sooner on that one, if possible.
Ian W.
4th Update: Thurs 3 April 2008
No news. All has gone quiet, I will email RM in next few days to seek indication of his anticipated response.
5th Update: Sat 3 May 2008
Until the priorities of the football season and the play-offs are over the questions will remain on the back burner.
__________________
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