A Bit of Fun Sainsbury's no go on new builds

[RHB]

Come on all, just take a deep breathe until CP has ferreted out a bit more detail. There is absolutely no point in speculating one way or another until more is known. Trouble is that would sod up a good 'no details, lets panic' thread wouldn't it.

See, I told you not to worry yet. Can't believe this post made 4 pages in just a day!

 

[Beefy]

The parent company borrowed from Sainsbury and we borrowed off of the parent company. We dont owe Sainsbury, but we do still owe 10 million.

So in theory if Sainsbury did write off the debt I wonder if Ron even has to write it off for SUFC, we could be in the situation he owes nothing, but we still owe him....

People stepping in to take over SUFC doenst help when Ron still owns the stadium, and if he was taken down then the stadium could be sold to finance those debts surely.

It's paper debt which will never, and can never, be paid off. If the corresponding debt was to be written off by Sainsburys (huge if) or not I don't think it's going to make much material difference to us.

Sainsbury cannot build jack ***** at the moment anyway.

There is no deal for Prospects and any CPO process would take a couple of years. Not to mention no planning agreement for the stadium build anyway.

They will either have to scale down the project or admit defeat...

The days of them handing over the odd £100k for tax bills are now over. Crunch time folks...

Smiffy, as best this is speculation. At worst it is scaremongering. We need to prepare for the worst - as we always should be - but it is way too early to say that this is crunch time.

 

[Jam_Man]

It's paper debt which will never, and can never, be paid off. If the corresponding debt was to be written off by Sainsburys (huge if) or not I don't think it's going to make much material difference to us.



Smiffy, as best this is speculation. At worst it is scaremongering. We need to prepare for the worst - as we always should be - but it is way too early to say that this is crunch time.

MY assumption was the debt would be cleared with the money made from the redevelopment, but as we dont seem to have enough to complete the stadium doesnt seem likely there will be 10 million lying around...

 

[Smiffy]

It's paper debt which will never, and can never, be paid off. If the corresponding debt was to be written off by Sainsburys (huge if) or not I don't think it's going to make much material difference to us.



Smiffy, as best this is speculation. At worst it is scaremongering. We need to prepare for the worst - as we always should be - but it is way too early to say that this is crunch time.

What is speculation?

There is no deal in place (at this moment in time) for Prospects, and any CPO process would take a couple of years. Someone very very close to that deal has confirmed that on here recently.

No news on the deals for the remaining shops or flats on Vic Ave.

The stadium planning permission for an extension, has expired.

No news on the restructured payment plan as part of the S106 agreement.

They are all facts.

And without those problems ironed out, NOTHING can happen....at RH or at FF.

Ok, so saying it is crunch time, could be speculation, agreed. But how long can things stay static for, before it all implodes?...And from what I have been told (I am sure others can back me up on this) Sainsbury may no longer be bank rolling us, as they have made their final payment to the club recently.

Let's hope things move along and swiftly. As did Ron not say that if building work did not start this year, then it would be back to the drawing board?

 

[Yorkshire Blue]

In today's Daily Mail ( Page 75 ) it states that ' Sainsbury's have decided not to build supermarkets at 15-20 edge-of -town sites due to a change in planning laws', as we already have planning permission, I assume it won't affect us?

This isn't an edge-of-town site.

What is speculation?

There is no deal in place (at this moment in time) for Prospects, and any CPO process would take a couple of years. Someone very very close to that deal has confirmed that on here recently.

No news on the deals for the remaining shops or flats on Vic Ave.

The stadium planning permission for an extension, has expired.

No news on the restructured payment plan as part of the S106 agreement.

They are all facts.

And without those problems ironed out, NOTHING can happen....at RH or at FF.

Ok, so saying it is crunch time, could be speculation, agreed. But how long can things stay static for, before it all implodes?...And from what I have been told (I am sure others can back me up on this) Sainsbury may no longer be bank rolling us, as they have made their final payment to the club recently.

Let's hope things move along and swiftly. As did Ron not say that if building work did not start this year, then it would be back to the drawing board?

When I was involved in that sector, I use to find things often use to go quiet for months on end. Then something would happen and all of a sudden the people who'd been ignoring your e-mails would all of a sudden start chasing you again.

Once all the other pieces are lined-up, things can fall into place quite quickly. CPOs will be threatened and deals which had been stalling will out of nowhere be finalised. Despite the posturing from certain parties a lot of the groundwork has been laid. It's not a case of starting from scratch.

I expect Sainsburys have already made more than one "final" payment to Ron's companies that are propping us up.

 

[Beefy]

What is speculation?

This is speculation:

The days of them handing over the odd £100k for tax bills are now over. Crunch time folks...

 

[united we stand]

What is speculation?

There is no deal in place (at this moment in time) for Prospects, and any CPO process would take a couple of years. Someone very very close to that deal has confirmed that on here recently.

No news on the deals for the remaining shops or flats on Vic Ave.

The stadium planning permission for an extension, has expired.

No news on the restructured payment plan as part of the S106 agreement.

They are all facts.

And without those problems ironed out, NOTHING can happen....at RH or at FF.

Ok, so saying it is crunch time, could be speculation, agreed. But how long can things stay static for, before it all implodes?...And from what I have been told (I am sure others can back me up on this) Sainsbury may no longer be bank rolling us, as they have made their final payment to the club recently.

Let's hope things move along and swiftly. As did Ron not say that if building work did not start this year, then it would be back to the drawing board?

its a small point, but your note on CPO's is an opinion, not a fact. The CPO process 'could' be far quicker than this, then again it may take longer- but it isn't a 'fact' that the process takes 2 years, unless the timing on the Governments public docs on the CPO process is incorrect

 

[Smiffy]

its a small point, but your note on CPO's is an opinion, not a fact. The CPO process 'could' be far quicker than this, then again it may take longer- but it isn't a 'fact' that the process takes 2 years, unless the timing on the Governments public docs on the CPO process is incorrect

I am basing that point on what someone very close to the Prospects deal said on here, about a month ago.

 

[MR BLUE]

I understand Sainsbury's are not going ahead with anymore edge of town supermarkets due to a change in planning laws. As Roots Hall is hardly out of town I don't think we need worry.

 

[Nozzer]

Just a couple of points on this.

As mentioned by others, Sainsbury's are putting a stop to out of town developments because of changes in the planning law which are aimed at encouraging shops back into town centres. Roots Hall is right in the heart of Southend so is unlikely to be one of the sites under review.

Secondly, the change in strategy by Sainsbury's is nothing to do with their own finances or resturcturing (they posted massively improved results this week) but government policy. My guess is that with house prices rising, the plots of land they own and don't use for commercial purposes will be sold off for housing. I'm not saying this will happen at Roots Hall, but either way a prime location such as this is guaranteed for development.

The only concern for Southend really is still the same old one we've been talking about for years and that is getting the financing to build the new stadium.

 

[Jam_Man]

I am basing that point on what someone very close to the Prospects deal said on here, about a month ago.

He is obviously in the know when it comes to prospects as he is involved there, but I would question his knowledge of everything else (ie knowing Rons plans for putting us in admin the year after next). He actually said that a CPO couldnt be used at all didnt he ?

EDIT:

CPO does not apply to the Prospects site. CPO would be contested and take at least 2 years.

So even though he is involved with Prospect he still contradicts the situation, if a CPO doesnt apply then how can it be contested?

I did ask him to elaborate at the time but he disappeared again...

I still dont know his angle, they obviously want to sell and have been messed around throughout but what would be their benefit in dragging it out for 2 years?

 

[Rob1920]

Blimey, who'd be a property developer. Its a bloody nightmare!

 

[Shrimper]

In today's Daily Mail ( Page 75 ) it states that ' Sainsbury's have decided not to build supermarkets at 15-20 edge-of -town sites due to a change in planning laws', as we already have planning permission, I assume it won't affect us?

The planning permission has lapsed though. I think.

if Sainsbury's ask for their money back we're screwed.

 

[A Century United]

I am basing that point on what someone very close to the Prospects deal said on here, about a month ago.

You are assuming that "Someone very close to the Prospects deal" is being open and honest and trustworthy, presumably because they aren't RM. When it comes to large property deals it is safer to assume that everyone is spinning like mad unless there is clear evidence to the contrary.

 

[A Century United]

The planning permission has lapsed though. I think.

if Sainsbury's ask for their money back we're screwed.

No. I think Sainsbury's would be screwed.

 

[tallboyblue]

The planning permission has lapsed though. I think.

if Sainsbury's ask for their money back we're screwed.

So are Sainsburys. They have no chance.

 

[fbm]

Let's face it, none of us on here actually KNOW anything, do we?

We can only make assumptions or educated guesses based on the information that we are aware of. This information, if it has been fed by Ron, will be treated as spin and bs (whether it is or not) and therefore will be dismissed and a counter view taken, which will be doom and gloom. If the information has come from other sources, i.e. people who are "very close to the deal", it always seems to be negative and so will naturally be doom and gloom too.

The only view that seems to be completely dismissed is the one that says "No news is good news". And let's be honest, despite many prophecies and predictions that we will fold, go into administration, get wound up, not pay the taxman, not pay the wages, this is the crunch, Ron's bankruptcy, etc etc, we are still here, playing good stuff, in the second round of the FA cup, touching distance of the play offs and with the best team spirit that's been in existence for a while.

They are the facts actually.

Everything else is speculation.

 

[RHB]

Let's face it, none of us on here actually KNOW anything, do we?

We can only make assumptions or educated guesses based on the information that we are aware of. This information, if it has been fed by Ron, will be treated as spin and bs (whether it is or not) and therefore will be dismissed and a counter view taken, which will be doom and gloom. If the information has come from other sources, i.e. people who are "very close to the deal", it always seems to be negative and so will naturally be doom and gloom too.

The only view that seems to be completely dismissed is the one that says "No news is good news". And let's be honest, despite many prophecies and predictions that we will fold, go into administration, get wound up, not pay the taxman, not pay the wages, this is the crunch, Ron's bankruptcy, etc etc, we are still here, playing good stuff, in the second round of the FA cup, touching distance of the play offs and with the best team spirit that's been in existence for a while.

They are the facts actually.

Everything else is speculation.

This:thumbsup:

 

[Special Blue]

The Co op in Wickford has been told their lease is up in the summer!
Landlord?:stunned:

 

[united we stand]

The Co op in Wickford has been told their lease is up in the summer!
Landlord?:stunned:

I have no idea what this is meant to mean