Colchester and proud!
Director
Yes our attendances are shocking but the club makes money in lots of non matchday ways, not least producing young players, Stoke have just paid a million plus add ons for one of our youngsters.
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Sale of Southend United to Justin Rees and his consortium
- Thread starter Napster
- Start date
- Status
tommy tucker
Manager
And do i rember corectly that antill i while ago your chairma stopped funding the club Untill a couple of years ago all i kept hearing was your fans calling for him to go .So why is it wrong for our council to help clear our debts with a loan .
tommy tucker
Manager
I am also right in saying a club in the prem dont own there ground but rent it .
Supershrimper
First XI⭐
As owners of the stadium I presume the council also receive the monies from any concerts etc
Guaranteed income as long as the club exists (with clauses for increases based on promotions etc) vs a one off payment. I know which one I would prefer. And as a council they would also prefer to know they have £xx amount coming in every year
Supershrimper
First XI⭐
Man City rent theirs from the council. West Ham rent theirs. Probably a few others but those are off the top of my head
LeedsSUFC
First XI
Because the other 13 or however many times we’ve been to court with HMRC, they’ve said the exact same thing.
They want their money and will not get it through insolvency as there is no asset the club has. Therefore keeping the club running on the promise of ‘council money’ would be a better option in the judge’s eyes than insolvency.
Colchester and proud!
Director
It is not wrong for your council to help your club I would be fully behind it, but there will be lots of Southend rate payers who would be furious if their cash was used in this way when other services are being cut. Our chairman didn’t stop funding the club, but he cut down on funding because his company was struggling a little due to covid. Now his business is doing much better so funding has improved, although long term he wants to make the club self sufficient. Because we have had some poor seasons the fans were getting frustrated with Robbie, but now he has brought in staff from outside the club and we are showing signs of having a good season once the new players settle.
edwardss2
Newbie
The West Ham deal is known for being spectacularly bad for the London taxpayers who subsidise WHU. I believe figures of around £30 million per year have been circulating.
Colchester and proud!
Director
Yes the council already owned the land it is built on, they took out a loan for just over £10 million and another £4million was provided via grants from various sources. The club (Robbie) paid for the fitting out of the interior of the stadium, which cost a further £2million I believe. But that was in 2006 with the stadium finished in 2008, I shudder to think what it would cost now. As regards concerts, most of the profits go to the promoters of the events, although they do agree a fee for the hire of the stadium, this money goes to the club I believe.
Colchester and proud!
Director
There are many who rent their stadiums, for example Newcastle, Coventry and Notts Forest,
Shrimper
Life President
Except the Judge made clear this is it. No more
Is this important or meaningful?
Napster
No ⭐
dusterman
Nello
Can you elaborate more as I thought these were quite simple to have removed, and thus meaningless really?
Silver
Striker
I don't know how meaningfulit is but it would appear that the company has now filed the accounts that were overdue. Ron being the sole director.
SOUTH EASTERN LEISURE UK LIMITED. Free company accounts direct from Companies House. Download Accounts FREE
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Clearer report.
SOUTH EASTERN LEISURE UK LIMITED overview - Find and update company information - GOV.UK
SOUTH EASTERN LEISURE UK LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity
find-and-update.company-information.service.gov.uk
Napster
No ⭐
Yeah I don’t think there’s anything to see here. There is still no significant owner of SEL
Dutch Branch
Striker
That might have just filed accounts.
Shrimper
Life President
It is this or proof they want to continue trading
Holy Joe
Manager⭐⭐🦐
Accounts are still showing as outstanding.
I think all Ron has to do is tell Companies House SEL is still trading
dusterman
Nello
Anything new from your source @ForeverBlue?
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