Sale of Southend United to Justin Rees and his consortium

[Mad Cyril]

Has anyone seen that Companies House has recently been updated (2 days ago) with a confirmation statement and a huge list of every single shareholder in the club. Guessing this would be needed for a sale?

I just did one for my company. They are due around this time of the year.

 

[North Banker]

A number of very large developments have happened in the UK on green belt and with not even the hint of a football stadium. If SCC and Gov/SoS want to let FF happen without a football stadium it will happen. Ultimately it’s a political decision.

A difficult political decision though, and the connection to investment in RH gives them a very helpful justification.

 

[Napster]

I just did one for my company. They are due around this time of the year.

Yeah same.

 

[West Stand]

A number of very large developments have happened in the UK on green belt and with not even the hint of a football stadium. If SCC and Gov/SoS want to let FF happen without a football stadium it will happen. Ultimately it’s a political decision.

Of course large developments have been granted planning on green belt but we are talking about FF a site where planning was very hard fought over and the whole theme within the submission by SCC planning to the planning committee was this was a special case because of the need for a new stadium and the fact that no other site could be identified and RH was in effect beyond repair.

 

[Suffolk Blue]

You simply get around the fact that FF is on Green Belt. If it were a case of an authority in effect just bypassing National Planning Regulations then it would happen everywhere.

At this point in time I would say it would have been close to 100% certain that planning wouldn’t have passed without 1) The stadium being built on FF and 2) Huge numbers of Council Management homes to be built on the RH site.

Councillors may well want to build just houses on FF but no stadium al most certainly would mean rejection

All Ron would need to do is agree to swap out the Stadium for a few shops, a little play area, and a school, or perhaps a much needed leisure facility or similar, and he'll get his planning permission. Things like this would cost a fraction of the stadium complex he has PP for, even if he does build them.

 

[West Stand]

Yes.

He no longer has the cash drain of the football club.

RH is still under the control of his family and has significant development value.

He and his family also retain FF and will no doubt explore all opportunities to develop the land.

Therefore a win, win, win situation for him.

That too is my take and it troubles me because if this were exclusively a money making scheme ( which it’s hard to think it’s not ) why give away anything?

 

[West Stand]

All Ron would need to do is agree to swap out the Stadium for a few shops, a little play area, and a school, or perhaps a much needed leisure facility or similar, and he'll get his planning permission. Things like this would cost a fraction of the stadium complex he has PP for, even if he does build them.

It’s really not as simple as that

 

[Suffolk Blue]

It’s really not as simple as that

It seems to be elsewhere. Especially if this is part of the quiet talks with SCC councillors and the 2 MPs.

 

[West Stand]

A difficult political decision though, and the connection to investment in RH gives them a very helpful justification.

As things stand the planning assumption over the two sites is that SCC will get 1350 + homes for social housing 502 of those were due to be based on RH. I cant immediately remember the numbers but RM would be due to get the funds from a significant number my guess is that the greater value per unit would be from those built on RH

Update on Roots Hall and Fossetts Farm developments – Southend-on-Sea City Council

Update on Roots Hall and Fossetts Farm developments general summary.

www.southend.gov.uk

 

[Jmayhew32]

I just did one for my company. They are due around this time of the year.

They are due at all times of the year depending on when the company was incorporated and previous CS01 were filed.

Either way, not an important document when talking about the sale of the club.

 

[West Stand]

It seems to be elsewhere. Especially if this is part of the quiet talks with SCC councillors and the 2 MPs.

Have you ever had meeting with councillors or MPs ? I have and whilst I suppose the majority are well meaning they are advised not to go outside their area of control and at this point in time local councillors will be looking to the planning officials for guidance and those same officials will be looking at national policy particularly around S106 and things like education plans .
Things like children’s play areas are already scheduled to be supplied .yes leisure facilities are always welcome but I suspect that the build of such facilities wouldn’t be the issue it would be about who would be responsible for the upkeep and more important the running costs

 

[Fairport]

There are two major housing developments where I live in Lincolnshire where the construction of a new primary school, medical centre and recreational facilities were included in the planning consents. In one case the building of houses is pretty much finished but no sign of the other facilities in revised plans for the rest of the development. In the other, more than 150 houses, a convenience store and a big care home have already been built and sold and foundations sunk for as many more houses but no sign of the new school, medical centre or recreational facilities. Unless there is a clause in the planning consent for FF that says the stadium must be built before the houses, Ron could build and sell all the houses and then claim lack of cash or need for the stadium. The City Council is not going to order the built and sold houses to be demolished in that scenario. Ron then puts in a revised planning application for houses on the land earmarked for the stadium which, in those circumstances, is likely to be approved. Property developers use this kind of stunt all over the country.

You are right, this is a common scam by property developers. The usual one is that they promise that a number of homes will be affordable then when near completion say that this is now not viable. The councils usually do nothing as they can't or won't pay to sue these greedy people. Another dodgy practice is to get planning permission then do nothing and just watch the value of the land increase, easy money made. The plot opposite the Kursaal is a prime example. These people, Martin included are usually greedy people who are not bothered about the benefits or otherwise to the local community, it's their own profits first.

 

[Beefy]

A question that I would ask you is quite simply Is this

Is there any upside for RM if the club goes bust ?

No

 

[Paulie Walnuts]

You are right, this is a common scam by property developers. The usual one is that they promise that a number of homes will be affordable then when near completion say that this is now not viable. The councils usually do nothing as they can't or won't pay to sue these greedy people. Another dodgy practice is to get planning permission then do nothing and just watch the value of the land increase, easy money made. The plot opposite the Kursaal is a prime example. These people, Martin included are usually greedy people who are not bothered about the benefits or otherwise to the local community, it's their own profits first.

There's something about the property industry that seems to attract more than their fair share of questionable characters.

 

[dusterman]

There's something about the property industry that seems to attract more than their fair share of questionable characters.

Gamblers who aren’t afraid to lose it all as they hide behind LTD often. Just like the rodent. Play the system. Badly, often.

 

[Supa Shrimpa]

There's something about the property industry that seems to attract more than their fair share of questionable characters.

..and they seem to be attaching themselves to football clubs for some reason !

 

[B.B.The Legend Lives On.]

Or Great Wakering lol

Thanks but no Thanks

 

[Hadleigh-shrimper]

Is it done yet lol

 

[LeedsSUFC]

They are seriously in Pheonix club territory. Hard to see how they come through this. I mean our demise has been spectacular but poor old Scunny are in an even worse position. How they ever let that bloke near their club is truly shocking.

How many of us actually know who Justin Rees is? We (supporters) haven't even seen a photo of him in the UK or heard his voice...

 

[dusterman]

How many of us actually know who Justin Rees is? We (supporters) haven't even seen a photo of him in the UK or heard his voice...

Speak for yourself. I’ve been stalking him for months.