Sale of Southend United to Justin Rees and his consortium

[Southminster Shrimper]

My birthday 4th of June.

Hoping for good news.

 

[essexshrimper]

Congrats, i am just coming up to my 29th.

You mean 92nd surely

 

[Target man]

That's nice. I hope you'll be very happy together.

This is not exactly what I had expected ..... oh well, put it down to a mid-life crisis. Perhaps it'll work out

 

[Jedi Shrimper]

Feeling more hopeful now, fingers crossed it happens and something gets announced before next Wednesday. If so the Oxford match could be quite the party.

 

[Smiffy]

I think it would be wise to temper the excitement a little.

Perhaps we are at 96% Wallop.

 

[gatecrasher]

One big issue with this ...

Rhymes with Con

Con Farting?

 

[southendkid]

The £20m from Ron is the bit that worries me, we know from experience Ron often promises money and then never actually pays it and that's a lot of money. Hopefully if it's true then we've made sure he can't weasel out of it.

 

[Cricko]

I think it would be wise to temper the excitement a little.

Perhaps we are at 96% Wallop.

Agreed mate, it's all just words atm...when we see some action we can start popping the Champagne.

 

[Shrimper]

The £20m from Ron is the bit that worries me, we know from experience Ron often promises money and then never actually pays it and that's a lot of money. Hopefully if it's true then we've made sure he can't weasel out of it.

This is likely the stumbling block. Guarantees need to be in place

 

[WestyReturns]

This is likely the stumbling block. Guarantees need to be in place

Would imagine his sons would need to be guarantors of this as no doubt Ron will default and declare bankruptcy at some point to avoid all the other debts he has likely accrued.

 

[SeldomSeenShrimper]

Con Farting?

That's the one

 

[M_Simps]

I think it would be wise to temper the excitement a little.

Perhaps we are at 96% Wallop.

Awesome. Given we were at 95% in June, at 4 months/per cent, that'd put 100% Wallop at around about February 2025. Think Kev will hang on that long?!

 

[C V Shrimper]

The training ground being mentioned in the deal, is this Boots & Laces or the new half built one?

 

[Shrimper]

The training ground being mentioned in the deal, is this Boots & Laces or the new half built one?

New one I presume as I think B&L is on FF site?

 

[tommy tucker]

It's my 50th this Saturday, so an announcement that a deal is completed, club saved and RM is gone, would be a dream gift!!

Happy birthday for Saturday mate On Saturday I will be 70 as its my birthday as well

 

[Cypress_Tree]

IF this was the deal...

Is the £20m actually new money? . Could it be Ron writing off debts owed to his companies etc.. He likes to quote the £25m of his own money blah blah.. Could it be £20m minus £5m for RH?

It would also be interesting to know if RH and training ground are going to be owned by the club or again separately owned by another JR company? Meaning that at some point in the future we could end back where we started with a club that has no real assets.

 

[Strykr]

So essentially, if this all goes through. Its the council that have saved the day allowing Ron to build without the need for a stadium.

Where has the figure of 20 million come from? I dont think any of us would have baulked at 2 milllion...

 

[Flinty]

Congrats, i am just coming up to my 129th.

 

[kentblues]

This is likely the stumbling block. Guarantees need to be in place

I’m sure if Ron gets guarantees from the politicians he can provide same back to back…
There is likely an element of shared risk- if Ron, and by extension the club, get screwed by the politicians then may for them the dildo of consequences arrive unlubed as they say.
As has been said it’s in everyone’s interests FF happens.

 

[kentblues]

So essentially, if this all goes through. Its the council that have saved the day allowing Ron to build without the need for a stadium.

Where has the figure of 20 million come from? I dont think any of us would have baulked at 2 milllion...

Ron now doesn’t have to build a stadium that would have cost much more.