Sale of Southend United to Justin Rees and his consortium

[Paulie Walnuts]

As ive been out all day and i am trying to catch up on the news .Is there allmost some sort of agreement on the sale .If so who is going to buy thee club .And will the moneys owed to HRMC going to be paid .Does anyone know .

My post this morning explains it as much as possible mate, so just trawl back a few pages and take a look.

 

[Shrimpergonzo]

I'm assuming that it will be a condition of new planning permission. Instead of you must build a stadium, you must pay £20m towards RH redevelopment.

I would hope the council make it (the £20m) a planning condition as they now seem to have a vested interest in RH as a Community asset

I'm assuming that's exactly how it will work and why the negotiations have also included the leader of the Council.

I would imagine that there will be staged payments to maintain a community asset (i.e. Roots Hall) aligned to completion or commencement of certain stages of the revised development of Fossetts Farm.

It will be by way of a legal agreement (s.106) attached to the planning permission.

What will be interesting to understand is how the deal might also include the Shrimpers Trust or the Council taking full or part control of Roots Hall as a Community Asset.

There's going to be a whole heck of a lot of legal work to take place to tie this up, and quite lot of trust/goodwill too as the new planning application won't even be submitted by the time it's crunch time for the club, however if they pull this off there's a lot of benefits for all sides:

• The Rat and Rat Boy get their development
• The Council secure a professional football club in the City and potentially also safeguard the future of its ground
• Justin Rees gets the club and significant medium term contributions towards the development of future revenue streams
• The fans get a club to support that is properly run and has a sustainable future.

 

[Pak Power]

And new North Bank will be called the ?

Eddy Grant stand

 

[Booma]

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

Perhaps we are at 96% Wallop.

96% closest we’ve been through out this process

 

[Callum]

If this deal does go through we finally get our club back and Ron the rat gone for good

 

[Chrisb]

And new North Bank will be called the ?

The Kevin Maher stand

 

[Silver]

Wages are due this weekend, Just saying.

 

[Leeboy]

The Kevin Maher stand

should re-name RH to The Kevin Maher / Darren Currie / Mark Bentley Legends Stadium

 

[TrevorFitzpatrickHattrick]

Rumour doing the rounds is that Rees will put the whole value of the HMRC debt in an escrow account so it can be cleared, repayable by RM if the takeover doesn't complete. This is a bid to stave of administration/further points deduction etc.

 

[dusterman]

Rumour doing the rounds is that Rees will put the whole value of the HMRC debt in an escrow account so it can be cleared, repayable by RM if the takeover doesn't complete. This is a bid to stave of administration/further points deduction etc.

Brave man, I like him.

 

[annie1954]

Looking for to official confirmation next week

Hopefully tomorrow or Friday

 

[Target man]

It’s my 58th on Saturday!

Christ another? Sep 30th must be the most prominent Shrimpers birthday date... one hell of a party if the takeover is announced!

 

[annie1954]

Wages are due this weekend, Just saying.

I’m sure all the people involved with the deal will be aware of the wages. Just saying

 

[Smiffy]

Rumour doing the rounds is that Rees will put the whole value of the HMRC debt in an escrow account so it can be cleared, repayable by RM if the takeover doesn't complete. This is a bid to stave of administration/further points deduction etc.

If that proves to be the case then I suggest we all buy JR a beer. I wouldn't lend RM a penny, let alone hundreds of thousands of £.

 

[Ted]

If this deal does go through we finally get our club back and Ron the rat gone for good

From what everyone’s saying the club will still be interlinked with Ron? Am I being a pessimist or is anyone else still concerned ?

 

[Leeboy]

Rumour doing the rounds is that Rees will put the whole value of the HMRC debt in an escrow account so it can be cleared, repayable by RM if the takeover doesn't complete. This is a bid to stave of administration/further points deduction etc.

sounds like Ron has finally met his match with an honest, KNOWS WHAT HE IS DOING businessman

 

[Ron Manager]

If you want to pre-order a half decent Aussie beer to drink a toast to our new Aussie owner with should this actually happen then Stone & Wood Pacific Ale is available to order online.


Just not Fosters or XXXX people, have some standards

'The Original' Pacific Ale (24 x 330ml)

A hand-crafted pale ale from Stone and Wood in Byron Bay, Australia, Pacific Ale gets its name from the brewery's home next to the Pacific Ocean. Made with a combination of Australian barley and wheat this is a hazy, bready beer with juicy, fruity notes created by Galaxy hops.

stoneandwood.co.uk

 

[Hawkwell Blue]

Christ another? Sep 30th must be the most prominent Shrimpers birthday date... one hell of a party if the takeover is announced!

New Year’s Eve has a lot to answer for

 

[united we stand]

If that is the deal that has been agreed, great however, can we really see Rat handing over x millions in a couple of years time to upgrade RH without a huge legal fight?

Current planning permission is phased and would obviously need to be changed.
Therefore I am guessing’ Council could inject a clause/phase of when Ron has to pay the club. Until the payment is made he can’t move on to the next phase. Could be done as multiple smaller payments potentially

 

[Jacketh]

Aussie flag ordered for the next home game.