Sparte
Striker
I don't think he's mentally ill, he knows exactly what he's doing. The longer this drags on the more confident and complacent he will become whether that's with the courts or potential buyers or fans...
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Sale of Southend United to Justin Rees and his consortium
- Thread starter Napster
- Start date
- Status
ThurrockShrimper
The hardest working man in showbusiness
He definitely ticks all the boxes for 'narcissistic personality disorder'
TrueBlue
SJP Taxi & Private Hire ⭐️
Good job Southend airport started up Amsterdam flights again! ITS A SIGN!!!
BoyWonder2
2024, the year of the Shrimpers ⭐🦐
He has used the airport previously too…
Medway Blue
Trust chairman/glutton for punishment ⭐🦐
Statement from Justin incoming very soon.
Mod note: link to thread discussing statement is here
Mod note: link to thread discussing statement is here
Breaking News - Justin Rees Statement.
A STATEMENT from Justin Rees on behalf of a consortium bidding to buy Southend United. Given the recent speculation surrounding a consortium bid for Southend United FC (SUFC), combined with the Club’s scheduled court appearance date on 4th October 2023, we would like to make a brief statement...
www.shrimperzone.com
Last edited by a moderator:
A STATEMENT from Justin Rees on behalf of a consortium bidding to buy Southend United.
Given the recent speculation surrounding a consortium bid for Southend United FC (SUFC), combined with the Club’s scheduled court appearance date on 4th October 2023, we would like to make a brief statement.
We confirm that a consortium has been formed to purchase Ron Martin's SUFC shareholding.
Most of the consortium members have a long association with the Southend area, and all are football fans.
Our first objective is to save the Club and then work hard to transform it into a sustainable operating model that is not vulnerable to the various ownership issues that have impacted the Club in recent years.
We are confident we have the skills, energy, and finances to help Southend United’s fortunes improve both on and off the pitch.
Discussions with Mr. Martin have been in progress for more than 10 weeks.
Any deal is particularly complicated due to the state of the Club's finances, the condition of Roots Hall, the non-viability of a new stadium at Fossetts Farm, as well as the ownership of the training ground and Roots Hall properties remaining outside of the Club.
Despite this, the consortium has submitted two bids over the past week, neither of which has been accepted.
We remain open to continued negotiations with Mr. Martin however it now seems unlikely that any deal can be agreed prior to the 4th of October court appearance date.
It is our understanding that Mr. Martin will ensure the Club avoids liquidation on the 4th of October, however, the threat of administration remains.
Administration impacts the Club significantly, on and off the pitch, as well as its numerous creditors who have supported the Club financially for many years.
As such, it has been our strong preference to avoid Administration, however this is of course not within our control.
We do not intend to make the full details of our bid public at this time except to note that it is centred around retaining and upgrading Roots Hall as the Club’s stadium, while taking ownership of that property plus the training ground back into the Club.
We believe this would release Mr. Martin to develop Fossetts Farm without a new stadium requirement, and as a result, are looking to him to contribute funds back towards the redevelopment of Roots Hall.
The structure of our bid and the decision to stay at Roots Hall have been discussed with Anna Firth MP, Sir James Duddridge, Cllr Tony Cox (leader of Southend City Council) and members of the Shrimpers Trust, each of whom have given their full support.
We appreciate updates such as this can answer some questions but raise new ones.
We also recognise this is a period of great concern and anxiety for fans so will keep in regular contact with the Shrimpers Trust to answer questions that may arise although there are some details we will not be able to share until the process has formally completed.
Given the recent speculation surrounding a consortium bid for Southend United FC (SUFC), combined with the Club’s scheduled court appearance date on 4th October 2023, we would like to make a brief statement.
We confirm that a consortium has been formed to purchase Ron Martin's SUFC shareholding.
Most of the consortium members have a long association with the Southend area, and all are football fans.
Our first objective is to save the Club and then work hard to transform it into a sustainable operating model that is not vulnerable to the various ownership issues that have impacted the Club in recent years.
We are confident we have the skills, energy, and finances to help Southend United’s fortunes improve both on and off the pitch.
Discussions with Mr. Martin have been in progress for more than 10 weeks.
Any deal is particularly complicated due to the state of the Club's finances, the condition of Roots Hall, the non-viability of a new stadium at Fossetts Farm, as well as the ownership of the training ground and Roots Hall properties remaining outside of the Club.
Despite this, the consortium has submitted two bids over the past week, neither of which has been accepted.
We remain open to continued negotiations with Mr. Martin however it now seems unlikely that any deal can be agreed prior to the 4th of October court appearance date.
It is our understanding that Mr. Martin will ensure the Club avoids liquidation on the 4th of October, however, the threat of administration remains.
Administration impacts the Club significantly, on and off the pitch, as well as its numerous creditors who have supported the Club financially for many years.
As such, it has been our strong preference to avoid Administration, however this is of course not within our control.
We do not intend to make the full details of our bid public at this time except to note that it is centred around retaining and upgrading Roots Hall as the Club’s stadium, while taking ownership of that property plus the training ground back into the Club.
We believe this would release Mr. Martin to develop Fossetts Farm without a new stadium requirement, and as a result, are looking to him to contribute funds back towards the redevelopment of Roots Hall.
The structure of our bid and the decision to stay at Roots Hall have been discussed with Anna Firth MP, Sir James Duddridge, Cllr Tony Cox (leader of Southend City Council) and members of the Shrimpers Trust, each of whom have given their full support.
We appreciate updates such as this can answer some questions but raise new ones.
We also recognise this is a period of great concern and anxiety for fans so will keep in regular contact with the Shrimpers Trust to answer questions that may arise although there are some details we will not be able to share until the process has formally completed.
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danbowen
Experienced Pro
this could suggest he has come over for additional face to face meetings in which wasnt reported
Good. They’re going for a clean break, ownership of and plans to develop Roots Hall (
) and also ownership of the training ground. I honestly believe this outcome will eventually be achieved. Having said that I’m working on something in the kitchen under the boiler today so I might be high on carbon monoxide. It would explain a few things.
) and also ownership of the training ground. I honestly believe this outcome will eventually be achieved. Having said that I’m working on something in the kitchen under the boiler today so I might be high on carbon monoxide. It would explain a few things.
A great statement and gives us some hope. However, we now need to mobilise as a united fanbase, rally behind the consortium and demonstrate bigger and louder than ever, starting this Saturday...Time for all Shrimpers to come out of retirement and back the protests. The offers need to be accepted, rather than the rat plunging us into Administration.
Southminster Shrimper
Coach
F*** off Ron. Sell you pathetic excuse of a human. You dirty rat.
By the way Ron, that's how you write a statement. ****
By the way Ron, that's how you write a statement. ****
BlueArmy1906
Newbie
Ron Martin accepting neither bid when we are teetering on the edge of extinction tells you absolutely everything you need to know about the man.
Jelly and ice cream.....
Jelly and ice cream.....
Robbshrimp
Youth Team
Still believe Martin has no intention of selling at any point. All a dog **** smoke screen to pretend he's done "what he can"
Jmayhew32
⭐🦐
I would expect that the reasons for Ron not accepting have something to do with the contribution of Fossetts funds to redevelop Roots Hall. Not in the know, but sounds like it could be a sticking point for Ron.
Further, do we really to be reliant on money coming from RM in the future in order to make RH sustainable?
Further, do we really to be reliant on money coming from RM in the future in order to make RH sustainable?
hlane17
⭐
Well considering the fact it's been 'happening' for the entire duration of my time supporting SUFC, I can understand any buying party's lack of faith in it ever being built!
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