Sale of Southend United to Justin Rees and his consortium

[basilrobbie]

I think that is the tennis equivalent of a powerful forehand into the corner of the court. Your shot, Mr. Martin.

 

[Medway Blue]

A very good statement, which cleverly leaves Ron Martin with nowhere to hide. He can't deny that he's received a bid.

It seems the consortium believe that RM should cough up money to reverse the neglect that he's inflicted upon Roots Hall in his pursuit of a new stadium which he cannot and will not deliver. Not only has he failed to provide new facilities and mothballed the existing ones, but he will be able to earn more money by replacing the new stadium with additional housing at Fossetts. So why shouldn't he cough up?

Cleverly worded statement which is essentially publicly urging RM to do the right thing.

 

[Medway Blue]

A very good statement, which cleverly leaves Ron Martin with nowhere to hide. He can't deny that he's received a bid.

It seems the consortium believe that RM should cough up money to reverse the neglect that he's inflicted upon Roots Hall in his pursuit of a new stadium which he cannot and will not deliver. Not only has he failed to provide new facilities and mothballed the existing ones, but he will be able to earn more money by replacing the new stadium with additional housing at Fossetts. So why shouldn't he cough up?

Cleverly worded statement which is essentially publicly urging RM to do the right thing.

 

[northlincsshrimper1]

It would appear that the ball is still in Ron Martins court. Therefore although this statement is helpful, the main obstacle remains Martin. Is he going to sell, pay the debts himself, avoid penalties by the Courts or NL? Does anyone know how, in the mind of this Chairman, these issues will be sorted?

 

[Avl1983]

It would be great to know how far apart they are in a valuation

 

[SS9_Shrimper]

Sounds like Administration is likely from reading that?

I would have thought so. To me they’re just setting out their stall, so as to make sure Ron doesn’t infer that they wanted to buy after administration had be granted to save a few bob.

 

[dusterman]

A very good statement, which cleverly leaves Ron Martin with nowhere to hide. He can't deny that he's received a bid.

It seems the consortium believe that RM should cough up money to reverse the neglect that he's inflicted upon Roots Hall in his pursuit of a new stadium which he cannot and will not deliver. Not only has he failed to provide new facilities and mothballed the existing ones, but he will be able to earn more money by replacing the new stadium with additional housing at Fossetts. So why shouldn't he cough up?

Cleverly worded statement which is essentially publicly urging RM to do the right thing.

Yeah, good luck with that.

 

[westie]

"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."

Presumably this works as a trade-off as Justin Rees' consortium will be paying the current debts incurred by SUFC aka Ron Martin? I can't see RM agreeing to that.

 

[Spaceman Spiff]

Interesting that FF stadium is viewed as not viable

Yeah that stood out for me too. One day I think we’ll know a bit more about this I’m sure, but being unviable must be either:

• A financial thing (their funding and Ron’s timing not coinciding);
• A ‘lack-of-desire-to-work-with-Ron’ at all going forwards;
• Ron wants a hundred squillion pounds for it; or
• Ron will only agree to build it himself and then sell it (and they’ve looked at the plans and think it’s overpriced pony).

I doubt it’s a technical or environmental issue given the planning processes already completed.

 

[LennySUFC]

I know it's so far into the future with everything going on at the moment but a redeveloped Roots Hall gets my juices going more so than any of the 82 FF designs we've seen...

 

[Cricko]

A very good statement, which cleverly leaves Ron Martin with nowhere to hide. He can't deny that he's received a bid.

It seems the consortium believe that RM should cough up money to reverse the neglect that he's inflicted upon Roots Hall in his pursuit of a new stadium which he cannot and will not deliver. Not only has he failed to provide new facilities and mothballed the existing ones, but he will be able to earn more money by replacing the new stadium with additional housing at Fossetts. So why shouldn't he cough up?

Cleverly worded statement which is essentially publicly urging RM to do the right thing.

He also can't march into court on the 4th spouting the usual bollocks.

Really pleased Justin has come out with his statement.

 

[Paddypel]

If anything this should rally the fanbase further. We need utter hell unleashed on him to force him to accept what is on the table because the alternative doesn't bare thinking about. The consortium clearly do not want to go into admin as this will essentially cut ties with existing suppliers.

 

[Tampa Blue]

Bottom line is that it is not looking encouraging unfortunately.

You can't buy if the seller doesn't want to sell.

How many more kicks in the guts can this club take as appears that Administration with a 10 point penalty is on the way.

 

[Avl1983]

Full support of everyone, except one man.

 

[M_Simps]

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?

Was just about to say the same thing.

Feels like Mr. Rat is hugely against the club staying at RH. From what I've gleaned from SZ, FF without a stadium would mean going back to the drawing board planning-wise, and I doubt he has the stomach for that. It took him 20 years to get FF this far (which still isn't anywhere, really), and he isn't getting any younger.

However, the fact that local government types are backing JR's consortium does suggest FF without the stadium isn't a non-starter. Hoping against hope that RM sees sense before it's too late.

 

[Jai]

Yeah that stood out for me too. One day I think we’ll know a bit more about this I’m sure, but being unviable must be either:

• A financial thing (their funding and Ron’s timing not coinciding);
• A ‘lack-of-desire-to-work-with-Ron’ at all going forwards;
• Ron wants a hundred squillion pounds for it; or
• Ron will only agree to build it himself and then sell it (and they’ve looked at the plans and think it’s overpriced pony).

I doubt it’s a technical or environmental issue given the planning processes already completed.

I gather the access has not been thought through and is an absolute nightmare. Kimura were very worried about this and were concerned that five years down the line they'd have to pay out for a new access road/roundabout.

 

[basilrobbie]

The most encouraging thing for me was that they see the football assets all coming under the same ownership. Anything else is a recipe for future problems.

 

[Leeboy]

that Rat Martin is how you word a statement.

Come on JR we're all behind you

 

[Smiffy]

Clear your diaries for Saturday afternoon chaps and chapettes...

Make yourself available and bring a friend.

 

[Barling Magna]

At last. Clarity. Thank you JR and the consortium.

Give your head a wobble Ron - you won't receive a better offer and the club will suffer if you don't accept. Your golden pension isn't at risk if you accept the bid, you just need to invest a little to accumulate a massive amount.

Think on chum.